ACCA – Professional Accountancy Qualification – the Way for Career Prospects

Nowadays accounting is the language of business and is needed more than ever before. It can even be called the backbone of all businesses, as today, there are more CEOs with degrees in accounting than in any other area of study. Career opportunities with the degree in accounting are almost endless owing to the fact that the subject is really broad. Job opportunities include public accounting, management, financial, government, private industry and forensic accounting. 

What is accounting and why is it so important for any field of business? Accounting is the analysis of financial transactions of a business. It’s highly important, as any business, career in accounting or finance is associated with very high salaries. A recent study identified accounting as the most lucrative of all degree courses in terms of graduates’ lifetime earning capacity.  Thus accounting becomes really attractive sphere to work at, in spite of the fact that it’s demanding and responsible job.

To become an accountant one should get an ACCA qualification - a professional accountancy certification.

 To qualify as an ACCA member, you will need to complete:

·         a minimum of five of 14 exams (nine are eligible for exemption)

·         the practical experience requirement

·         the Professional Ethics module.

There is a range of qualifications you can gain while studying for the ACCA qualification.  This is a great opportunity to demonstrate to employers the knowledge and skills you have gained and helps keep you on track and motivated.

On your way to ACCA membership you can achieve:

· a Diploma in Accounting and Business

·         an Advanced Diploma in Accounting and Business

·         a BSc (Hons) degree in Applied Accounting from Oxford Brookes University.

 To complete the ACCA qualification, it should take from three to four years on average. It depends on one’s occupancy whether the person is working full time, studying part time or registers with the minimum entry requirements.

The student may choose how to study, how often to sit the exams and where to get the relevant practical experience. But it’s highly recommended that the student do the practical experience along with the passing the exams if possible.

There is a range of study options for students, that include full-time courses, part-time day or evening courses, distance learning, weekend courses and revision courses. The student may choose from a variety of different study options. So while registering, the student will need to make these decisions too.