As some of you may already know that ACCA is the Association of Chartered Certified Accountant, the world’s most forward-thinking professional accountancy body based in the UK with 110+ years of experience. ACCA Qualification is a globally recognized course with more than 2,19,000 fully qualified members and 5,27,000 students in 179+ countries. In other words, it is a Global CA Qualification. While Chartered Accountants are supposed to be the know-it-all in the Indian financial context, here is how ACCA as addon to CA can give you an upper hand:
1. Access the world of career opportunities at senior positions globally
The global economy is fast changing which has a direct impact on career paths and the skills needed for leadership roles. ACCA aims to empower you with relevant high-level financial techniques and innovative thinking required for strategic and leadership positions across functions globally, viz.:
- Financial Performance Reporting
- Corporate Audit & Assurance
- International Taxation
- Legal Compliance
- Risk & Control Evaluation
- Management Reporting (for different stakeholders)
- Strategic Alliances (M & A)
- Business/Financial Analyst
2. Meet the changing expectations of best large employers globally
In the changing world of finance, employers are expecting employees to develop a diverse and broad range of skills. New career patterns and pathways are evolving requiring cross country experience with learning agility across different areas v/s linear specialised career. ACCA curriculum with groundbreaking case study examination reflects these shifts and evolving opportunities for you. The course structure is designed to develop complex multifunctional and integrated thinking for dynamic business solutions, making you ready for challenging opportunities.
3. Become “future skills” ready to remain relevant
As more technology kicks in, complex leadership and management tasks are replacing lower-level jobs of report compilation, report presentation, and transaction processing. These tasks require you to develop analytical and complex problem-solving skills. Further, strategic leadership demands decision making in a global governance framework for different stakeholders. ACCA qualification aids you in this visionary & innovative thinking through the global curriculum and case study based simulated exam environment.
4. Reach out to the global network with the right tools
ACCA supports its 2,19,000 members and 5,27,000 students in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of offices, centers and 7,500 approved employers worldwide. With this substantial global network arise opportunities to deliver services internationally and on global assignments. ACCA global partnerships allow members to work internationally complying with worldwide regulations. ACCA has also formed several mutual recognition agreements with several prestigious global accountancy bodies around the world, making it easier for you to work where ever you want.
5. Only 4 papers with high passing percentages
Chartered Accountants are exempt from 9 papers and can directly begin from a professional level. The pace at which you study for your ACCA is very flexible. You can choose how you study, how often you sit for your exams and where you get your relevant practical experience. Typically, the time taken by a Chartered Accountant is 6 to 8 months. However, this will depend on the number of papers you decide to take per exam window. The average passing percentage for the professional level exam is in the range of 40% – 45% (Dec’18). This makes it a goal which can be accomplished with your work life.