Everything You Need to Know About ACCA, Career Counseling Guide For Students About Scope of ACCA
If someone is determined to stand back for career in accounting and finance then in Pakistan there is no best degree other than ACCA. Association of chartered certified accountants (ACCA) is one of the leading degree in the filed of banking. It is a 4 year program and it has 14 papers in total. But a person who has a keen interest he can complete the papers in a time less than 4 years. Some people have the opinion that you should do CAT before ACCA but some says it is not worth wasting time on 5 to 9 papers when you can do the same with a little more effort in only 3 papers. The exams can be taken in June or December according to the person’s own will.If someone is determined to stand back for career in accounting and finance then in Pakistan there is no best degree other than ACCA. Association of chartered certified accountants (ACCA) is one of the leading degree in the filed of banking. It is a 4 year program and it has 14 papers in total. But a person who has a keen interest he can complete the papers in a time less than 4 years. Some people have the opinion that you should do CAT before ACCA but some says it is not worth wasting time on 5 to 9 papers when you can do the same with a little more effort in only 3 papers. The exams can be taken in June or December according to the person’s own will.
A person who has a proficient temptation of Mathematics and wants to leave a good impression in banking profession, he should choose ACCA. It is the most admired and challenging program in Pakistan in the field of banking. A person who has done other degrees like MBA or M.com is not that much welcomed as compared to people who have chosen Association of chartered certified accountants. One of the most beautiful perk of this program is that you do not have to attend classes regularly or you do not have to go to university instead, you can take lectures online.
What is ACCA? Career Scope, Jobs, Benefits, Salary, FAQs
This degree guarantees a stunning and excellent future in Pakistan. It is not a VERY EASY TO DO degree but, it will help you to stand in Lime light once you are done with it. Due to Power and Energy Crisis in Pakistan many companies are being shutdown and most of the people are loosing their jobs. But in all the economic conditions of a country, it can never ignore the field of accounting and finance because, a country can never run without these major fields.
Some of the people choose this program because they have very good vision in this field and some of them select this degree because their relatives have said so or they are not left with any other choice. So you should first know how it useful to choose this program and here are the details of the program:
A person who wants to get admission in ACCA should have done CAT which is a 2 years program. The other route towards this degree can be 2 years of B.COM, BSC or BA.
Areas of Work:
A person who has done this degree should know the broad areas of work. He can work as Auditor, Banker, Teacher of ACCA, Senior Accountant, Finance Executive, Chartered Accountant, Account Manager, Account Executive and many more.
There is no fixed salary of any person in this degree. The salary totally depends upon the expertise and experience of a person. The average starting pay is about 50,000 PKR. But a person with good experience and expertise can earn millions.
The major subjects which are being taught in this program include Calculus, Mathematics, Tax accounting, Auditing, Financial accounting, Principles of accounting, Fundamental of financial management, Cost accounting, Micro finance, Advanced micro finance, Advance auditing, Advance business analysis, Managerial accounting and Advance financial management.
What is ACCA?
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. They offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
Through their public interest remit, they promote appropriate regulation of the accountancy profession.
helps people to develop successful careers in accountancy, finance and management.
Global body for professional accountants
Offers business-relevant, first-choice qualifications
ACCA qualifications are recognized and valued by employers worldwide
A global network of offices and Approved Employers
ACCA promotes the accountancy profession globally
FAQs About ACCA
What is ACCA?
The Association of Chartered Certified Accountants (ACCA) is the global body for professional accountants, with over 188,000 members and 486,000 students in 180 countries. ACCA works through a network of 101 offices and centres, and more than 7,280 Approved Employers worldwide, who provide high standards of employee learning and development.
ACCA’s mission is to ‘enable people to develop their careers in accountancy, finance and management’. This is achieved by:
Offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
Supporting and developing their members and encouraging them to uphold the highest ethical and professional standards.
Acting in the public interest by maintaining, enhancing and promoting the reputation, status and role of the accountancy profession.
ACCA qualifications are recognized and valued by employers worldwide, and ACCA members and students enjoy boundless opportunities for career progression and mobility.
What does ACCA do?
ACCA’s primary role is to develop and secure recognition for the accountancy profession around the world. This is achieved by:
Offering world-class qualifications
Supporting and developing members
Advocating for robust regulation of the profession
Influencing public policy
What are the benefits of ACCA membership?
ACCA membership gives you the opportunity to develop your career in accountancy, finance and management in any part of the world. As an ACCA member, you will have access to:
A globally recognized professional qualification
The latest accountancy and business thinking
A vast range of learning and development opportunities
A strong support network of colleagues and mentors
ACCA’s members and students are also highly regarded by employers worldwide, and enjoy increased employability and mobility.
What does the ACCA Qualification entail?
The ACCA Qualification is a gold standard qualification which is recognized and valued by employers worldwide.
The Qualification is made up of 13 exams, which can be taken over a period of two to six years, depending on your route. The exams test your technical knowledge, professional skills and ethical judgment, and can be taken online or in person.
You will also need to complete a Professional Ethics Module, and three years’ relevant practical experience, before you can apply to become an ACCA member.
How much does it cost to study for the ACCA Qualification?
The cost of ACCA membership is £180 per year. The cost of ACCA exams varies depending on the country, but is typically around £100 per exam. There are also discounts available for students in certain countries.
What are the entry requirements for the ACCA Qualification?
There are no formal entry requirements for the ACCA Qualification, but you will need to demonstrate a certain level of English language proficiency, and have a good standard of education.
How is the ACCA Qualification structured?
The ACCA Qualification is made up of 13 exams, which can be taken over a period of two to six years, depending on your route. The exams test your technical knowledge and professional skills in accounting.
What is the scope of ACCA?
The scope of ACCA is vast, as it is a highly respected qualification that is recognised internationally. This means that ACCA Qualified Accountants can find work in any country in the world.
What are the Jobs Opportunities for ACCA Qualification Holders?
ACCA Qualified Accountants are in high demand globally and there are many opportunities for those with the qualification. Jobs for ACCA Qualified Accountants range from roles in financial management and audit to tax and consulting.
Benefits of ACCA
The benefits of ACCA are numerous, but some of the main benefits include:
• High earning potential – ACCA Qualified Accountants are some of the highest earners in the world.
• Increased employability – the ACCA Qualification is highly respected by employers globally and will give you a competitive edge in the job market.
• Flexibility – the ACCA Qualification can be studied flexibly, so you can study around your work and other commitments.
• International recognition – the ACCA Qualification is recognised internationally, so you can work anywhere in the world.
• Variety – the ACCA Qualification gives you the skills and knowledge to pursue a variety of interesting and rewarding careers.
How to Become ACCA Member?
ACCA (the Association of Chartered Certified Accountants) is a global body for professional accountants. It was established in 1904 and has 164,000 members and 504,000 students in 179 countries.
ACCA’s role is to champion the profession and protect the public interest by:
providing world-class qualification
setting and maintaining rigorous professional standards
supporting and promoting the development of members
Steps to Becoming an ACCA Member
1. Complete the ACCA Qualification
The ACCA Qualification is a rigorous, internationally recognized accountancy program that develops the skills and knowledge you need to succeed in your chosen career.
2. Pass the Ethical and Professional Skills Module (E&PSM)
The E&PSM is a computer-based exam that tests your knowledge of ACCA’s Code of Ethics and professional conduct.
3. Meet the ACCA Membership Criteria
You must meet certain criteria to be eligible for membership, including:
Be at least 18 years old
Have completed the ACCA Qualification
Have passed the E&PSM
4. Apply for Membership
Once you have met the membership criteria, you can apply for membership online.
5. Pay the ACCA Membership Fee
The ACCA membership fee is currently £70 (US$104) per year.
The Benefits of ACCA Membership
There are many benefits to being an ACCA member, including:
Access to a global network of 164,000 members
Opportunities to influence the development of the profession
Exclusive use of the designatory letters ‘ACCA’ after your name
ACCA member logo for use on stationery and business cards
ACCA member certificate
Complimentary copies of ACCA’s member magazine, ACCA influence, and member e-newsletter
Member discounts on ACCA publications, events and courses
There are many career opportunities available to ACCA members, both in the UK and internationally. ACCA members can find work in a variety of roles, including:
ACCA members can also work in a variety of industries, such as: