ACCA to become chartered certified?

Question

Going to be doing ACCA soon. I read it on the BPP brouchure and it says that 'Students wishing to obtain a practising certificate in the

UK must take paper P7.'

If I dont take P7 (dont think is something I want to do) but complete all Fundamental level, Professional Ethics module and the optional modules lets say P5 n P6 + 3 years related practical experence. Will I still be able to obtain the Chartered Certified title?

Also, I am working in a finance department in a manufacturing industry company. Is this going to make it difficult to gain experence. Should I move on, if so where.

Thanks in advance.....this will be a very important career advice....

Many Thanks

Answer 1

If you pass all sections of the professional exam, and have obtained the required professional work experience, you will qualify as an ACCA.

Now, I am assuming that P7 is the audit paper. In the past you had to sit this paper, but the implication behind your comments are that, these days, you have a choice. However, if you want to obtain a Practising Certificate to set up in practise as a Professional Accountant/Auditor, you will have to have obtained work experience in the office of a professional accountant and, I presume, opt to take the Auditing paper in your exams.

If you don't want to do audit, why would you be interested in obtaining a practising certiificate to enable you to set up in practise, which would likely include audit?

EDIT.

Hi Kevin L

The vast majority of Certifieds don't attempt to obtain a Practising Certificate or go into professional practise, quite the opposite, but it is one of the two bodies, the other one being the Chartered Accountants, (FCA) that will qualify you to set up your own practise, assuming you serve time (do your training) in a Professional Office. One of the main areas of work in a Professional Office is Audit work. Even if you don't go down the route that allows you to obtain a practising certificate, you will still be a qualified ACCA. It is just that there are special requirements for the obtaining of a practising certificate, without which, you couldn't set up your own practise, but you could still be employed in someone elses. I used to hold one many years ago.

If I were you, I would forget about the practising cert. and the professional office, particularly given your current employment. You will be able to qualify as a ACCA, but ensure that your employer provides you with the right sort of experience. Explain to them that you will be studying for the ACCA.

Answer 2

As long as you completed all requires module, it would be fairly easy to obtain Chartered Certified title. The experience can be before, during or after you complete ACCA course.

Since you are in finance department, you will get most of Pratical Experience Requirement(PER) to be done. If what you are doing now now is not relevant to the PER, you can request company to let you participate in a project, and assign specific task for you to complete. All of those PER can be done within three years.