A career in Accountancy is highly preferred by people in today’s time. It is absolutely a smart move to opt for a career which gears you up for senior-level roles not just in India but also in the other parts of the world. So, for those who feel inclined towards financial accountancy, taxation, audit, internal audit and pricing, “Chartered Certified Accountant” is one degree which you can actually consider. The Association of Chartered Certified Accountants (ACCA) is A UK-based body that provides you with the global certification in Accountancy. ACCA is well known in 78 markets and has more than 80 international accountancy body connections. Not only this, but ACCA professionals also get the opportunity to get immigration for countries such as Australia, Canada, UK, New Zealand, Ireland, etc.
What’s most attractive about this course is that it’s highly flexible. You don’t have to be a Chartered Accountant (CA) so as to opt for this course. In fact, you can just begin after 10+2. As it has highly expert standards, the ACCA exam is challenging. However, when it is compared to a US CPA, it is quite simple to handle. The pass rate for ACCA is around 50%, which is much more than the Indian CA clearance rate which is just 4%-5%.
The entire syllabus of the ACCA is categorized into three different levels: Knowledge, Skills and Professional. Given below is the detail of the structure of each level in details:
Fundamental Knowledge:
This is basically the completion of levels from F1-F3 and the Foundation in Professional Ethics module which helps you to acquire a Diploma in Accounting & Business. These courses comprise Business Accounting, Management, and Financial Accounting. Making your fundamental knowledge stronger will make you ready for the more advanced subjects which will be there at the Professional level exams.
Fundamental Skills:
These are the subjects where are there in the levels (F4-F9) and are more focused on sharpening the skills in Financial Accounting, Audit and Taxation. After doing all these 9 subjects along with the Professional ethics module, you can achieve the Advanced Diploma in Accounting and Business. In case you have more interest in Research & Analysis, you also get the option of submitting a project related to it.
Professional Essentials and Options:
The Professional Essentials (P1-P3) makes you reach the advanced levels of Financial Analysis and Corporate Governance. There is also another segment at the Professional level (P4-P7) which you can choose as it has specializations in Financial Management, Performance Management, Audit, and Taxation. Any two out of these four are the ones which you can really choose. The certification achieved at this level is Professional Level Certificate & ACCA Affiliate Status. 36 months’ of related work experience before, during, or after the course, in combination with the completion of these 14 papers will make you eligible for ACCA professional membership.
These are some of the details which can give one a more clear vision about ACCA. The course makes you a credible contender for applying to various lucrative jobs. Now that you know the details make sure you acquire an ACCA degree and pursue a bright career.