Top 10 Reasons to Study for the ACCA Qualification

Wednesday, September 25, 2013 Print Email

The Association of Chartered Certified Accountants (ACCA) is a leading accountancy body. To be member of the ACCA, you are required to pass a number of examinations. The ACCA qualification is recognized all over the world and a large number of countries treat it as equivalent to local accountancy studies.

The ACCA Qualification covers a wide variety of aspects of business management. It covers theoretical aspects like motivational theories along with more technical aspects such as cost accounting and bookkeeping.

The ACCA Qualification is a prestigious qualification. There are a number of reasons for choosing it. We will discuss some of the most important reasons.

1. Flexibility

The ACCA Qualification is flexible. Its entry requirements and study options are very flexible.

3 GCSEs and 2 A Levels in 5 different subjects including Mathematics and English are needed for entry to ACCA Qualification. Other equivalent qualifications are also acceptable.

The study options are so flexible that you can strike a good balance between studies and work. The examinations are held twice a year in June and December. There is no requirement of minimum number of exams to be attempted. Although there is limit of maximum four examinations in one attempt, you can choose any number of examinations from 1 through 4. If you don't want to sit in any attempt, you can simply skip it. The ACCA gives you the freedom to complete your ACCA Qualification in 10 years from the date of registration.

There is no requirement to get enrolled in an institution or to take classes. You can study on your own using self-study text books and other study material. Although you are recommended to take classes, it is not compulsory.

2. Comprehensiveness

The ACCA Qualification is a very comprehensive qualification. It helps you to master technical and management skills that are required of a chartered accountant. Its syllabus covers fields such as taxation, auditing, law, business studies, professional and ethical issues, financial management, financial reporting, and management accounting. The qualification is designed to provide a wide range of competences and skills to the students.

The ACCA Qualification is designed to ensure that the members get all the competences and skills needed to work in a wide variety of organizations and in wide variety of work roles.

3. Cost Effectiveness

The ACCA Qualification is a very cost effective way to gain knowledge and professionalism. The members not only gain technical knowledge in accounting and finance, but also gain valuable skills in organizational and strategic management. This combination of technical and management skills increases the career prospects of the members.

4. Worldwide Recognition

The ACCA Qualification is recognized all over the world. The ACCA has gained this strong recognition through building relationships with multinational organizations, overseas accounting bodies, educational institutes, governments, and organizations such as the World Bank and the United Nations. This means that an ACCA member can work in any part of the world.

5. Based on International Standards

The ACCA Qualification is based on international accounting and auditing standards. These standards are accepted in a large number of countries. Therefore, an ACCA member is equipped with skills to work in any country where these standards are accepted.

6. Higher Demand for Skills and Knowledge of ACCA Members

Organizations look for accountancy professionals who can understand the financial needs of the organization and who can evaluate and propose business solutions. The ACCA Qualification is designed to equip its members with the necessary knowledge and skills needed for finding and evaluating business solutions. This increases the demand of ACCA members and improves their career prospects.

7. Continued Professional Development

The ACCA members are required to continue their professional development throughout their life. This ensures that the knowledge and skills of the ACCA member do not become outdated. They are required to keep learning to keep their knowledge and skills up to date. This ensures that the ACCA members can work in highly volatile and rapidly changing environments.

8. Partnerships with Employers

The ACCA has partnerships with employers all over the world. There are over 8,500 employers approved by the ACCA that offer opportunities to the members and students. The ACCA works in collaboration with these approved employers to increase career prospects of its members.

9. Truly Global

The ACCA is a truly global accountancy body. It has members in over 173 countries.

10. Professional Status

The ACCA members are respected by the employers and business partners all over the world. The employers and business partners understand the professionalism and skills of ACCA members. Therefore, ACCA members are in high demand. 

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