ACCA – What does it stand for?
The Association of Chartered Certified Accountants (ACCA) is an international body for professional accountants. The qualifications that it offers are regarded as prestigious and versatile, and are globally held in high esteem.
ACCA qualifications generally provide students with access to a wide range of complex and interesting roles and are well-known for equipping students with core knowledge in all the relevant areas of accounting so that they can choose which role and which industry they would prefer to work in.
ACCA also requires its members to maintain high standards of professionalism and to perform their work in a highly ethical manner.
The ACCA membership requirements are as follows
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You must pass at least 5 of the 14 exams.
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You must gain at least 36 months of appropriate practical experience. You are required to keep track of this by maintaining a record.
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You have to complete the compulsory module in Professional Ethics.
Why should you consider obtaining an ACCA qualification?
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An ACCA qualification will set you on the right path to a successful career in accounting, finance or management.
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The ACCA qualification complies with international accounting and auditing standards.
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As ACCA qualifications are recognised and respected internationally, you will be eligible to work anywhere in the world. ACCA is also making an effort to cover certain aspects that are locally relevant.
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By doing an ACCA qualification, you will gain a solid background in accounting, auditing, business finance and strategy, financial management, financial reporting, corporate law and tax. This will enable you to take up positions such as Financial Accountant, Tax Advisor, Auditor and Business or Financial Advisor.
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You are able to choose the sector in which you want to work, as the skills that you will acquire are in demand across all sectors.
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You have the choice of specialising in a particular area, such as tax or auditing.
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You are free to move from one employer to another during your studies, without it having a negative impact on your progress with your qualification.
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The entry requirements and study options are flexible. You can choose whether you would prefer to study part-time or full-time, and you can be eligible to gain entry to the qualification without having any prior qualification in accounting or finance.
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ACCA members are known for their high professional and ethical standards.
Further Information
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Students can be exempted from up to 9 of the 14 exams, depending on their prior qualifications.
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There is a Practical Experience Requirement that needs to be met before you can become fully qualified.
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You can study for the qualification and take the exams at your own pace, provided that you complete all of your exams within 10 years from the date on which you first registered with ACCA.