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To get the myth busted right away, an ACCA qualification is not restricted to accounting. The ACCA syllabus comprises a combination of knowledge and industry-specific skills ranging from ‘Strategy and Innovation’ to ‘Corporate Reporting under IFRS’, ‘Audit and Assurance’ to ‘Business Leadership and Ethics’. An ACCA degree equips you with the skills necessary to face the challenges of a future professional in the changing world of Business. As new technology kicks in, with organizations heading for global regulation and compliances, the ACCA’s global approach empowers you with tools to undertake complex leadership and management tasks.

  1. ACCA Syllabus
    ACCA course is a comprehensive professional course. ACCA is designed to develop:

    1. Vital knowledge        : 13 theory papers in 3 levels
    2. Practical skills           : 3 years’ work experience
    3. Professional values : Ethics module
Fundamental Level Professional Level
A.      Knowledge Module A.      Essentials
F1  Accountant in Business P1  Strategic Business Leader
F2  Management Accounting P2  Strategic Business Reporting
F3  Financial Accounting
B.      Skills Module B.      Optional (any 2 / 4)
F4  Corporate & Business Law

P4  Advanced Financial Management

F5  Performance Management P5  Advanced Performance Management
F6  Taxation P6  Advanced Taxation
F7  Financial Reporting P7  Advanced Audit & Assurance
F8  Audit & Assurance
F9  Financial Management

  1. The entire curriculum of the ACCA is spread over 3 levels:

    1. Knowledge Level: Completion of levels from F1-F3 along with Foundation in Professional Ethics module helps you to earn a Diploma in Accounting & Business. These courses include Business Accounting, Management, and Financial Accounting. Strengthening your fundamental knowledge will prepare you for the more advanced subjects in the Professional level exams.
    2. Skills Level: The subjects included in the levels (F4-F9) is more tuned towards honing the skills in Financial Accounting, Audit and Taxation. After the completion of all these 9 subjects along with the Professional Ethics module, you can earn an Advanced Diploma in Accounting & Business. In case you are more inclined towards Research & Analysis, you also have the option of submitting a project and earning a BSc. in Applied Accounting by Oxford Brookes University.
    3. Professional (Essentials and Options) Level: The Professional Essentials (P1-P2) graduates to advanced levels of Business Leadership and Reporting. There is also an optional segment in the Professional level (P3-P6) which has specializations in Financial Management, Performance Management, Audit & Taxation. Any two out of these four can be opted for.
      The certification acquired at this level is Professional Level Certificate & ACCA Affiliate Status.
    4. Experience: 36 months of relevant work experience before, during, or after the course, coupled with the completion of these 13 papers and the ethics & professional module makes you eligible for ACCA professional membership.
  2. The Subjects covered under the levels help you acquire cross-sector finance and business knowledge that can give your profile the much-needed advantage. Hence ACCA qualified professionals are highly preferred and in high demand by the employers.
  1. ACCA Scope across Roles & Fields:
    1. Across roles: This gives you access to a broad spectrum of interesting roles in
      Finance and management

      • Management Accountancy
      • Corporate Finance
      • Merger & Acquisitions
      • Financial Analyst
      • Business Analyst
      • Credit Control
      • Strategy and Innovation
    2. Audit, Tax & legal
      • Audit & Assurance
      • International Taxation
      • Legal Governance, Risk & Control
    3. Accounting
      • Corporate Financial Reporting
    4. Across Fields: Further, an ACCA can work across fields as a Management Accountant, Finance Manager, Financial or Business Analyst, Financial Consultant, Management Consultant, Financial Planner etc. Many MNC’s in India are recruiting ACCA qualified professionals in International Taxation and MIS due to the financial reporting requirements of the parent company for e.g. reporting under IFRS. 
  2. Future Professional Skills:
    The Compulsory papers at professional level aim to empower the students with new age global perspective in a digitized environment along with integrated thinking to prepare them for leadership roles.
    For example,  The P1 paper:  Strategic Business Leader aims to demonstrate organizational leadership and senior consultancy or advisory capabilities and relevant professional skills, through the context of an integrated case study of 100 marks.
    The P2 paper:  Strategic Business Reporting syllabus requires students to examine corporate reporting from a number of perspectives, not only from the point of view of the preparer of corporate reports but also from the perspective of a variety of different stakeholders such as finance providers.

In conclusion, every year, over 45 lakh B. Com students look for a job in India. A professional course like ACCA simultaneously with your B. Com gives a head start to your career by providing cross-sector global finance knowledge that can give your profile the much-needed advantage. ACCA Qualification will provide you with skills and knowledge relevant to any sector including big four accounting & auditing firms, viz. KPMG, E&Y, Deloitte, PWC and multinational companies like Citicorp, JP Morgan, Microsoft, HSBC, Siemens, Nestle, Accenture among others. This means you can work wherever you wish your career path to take you.

Employers in finance, accounting, banking, consulting and management will recognize and respect your global ACCA Qualification and know you have the right skills needed for the job. Today, ACCA students and members are making a mark in the global world of finance as CEOs, CFOs and finance heads of organizations and again – it is beyond accounting.

 

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