Why do the ACCA?

Question

what are the advantages of completing the ACCA qualification and becoming a chartered accountant?

Answer 1

The Association of Chartered Certified Accountants (ACCA) is a British chartered accountancy body with a global presence that offers the Chartered Certified Accountant (Designatory letters ACCA or FCCA) qualification worldwide. It is one of the world's largest and fastest-growing accountancy bodies with 122,426 members and 325,606 affiliates and students in 170 countries. The Institute's headquarters are in London with the principal administrative office being based in Glasgow. In addition the ACCA has a network of nearly 80 staffed offices and other centres around the world.

The ACCA is a founding member body of the Consultative Committee of Accountancy Bodies (CCAB) and the International Federation of Accountants (IFAC).

The term 'Chartered' in ACCA qualification refers to the Royal Charter granted by Her Majesty the Queen in the United Kingdom.

Since Chartered Certified Accountant is a legally protected term, individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and, if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, being insured against any possible liability claims and submitting to inspections.

Qualifications

The ACCA offers the following qualifications

A. Chartered Certified Accountant (ACCA) - Professional Scheme

The Professional Scheme is the primary qualification of the ACCA and, following completion of up to 14 professional examinations and three years of supervised, relevant accountancy experience, enables an individual to become a Chartered Certified Accountant.

    * In accordance with ACCA's traditions, there is open access to its examinations.

    * As part of the Professional Scheme, a Bachelor of Science (Honours) degree in Applied Accounting (after completing Part 2 of the Professional Scheme and submitting a Research project), is offered in association with Oxford Brookes University)

    * The current syllabus is made up of 14 examinations, although some exemptions are available. The papers are split into four parts. Within Part 4, there are four optional papers (of which two must be selected).

    * Subjects examined include financial accounting, management accounting, financial audit, taxation , company law, financial management, management information systems and strategic management.

    * A new ACCA qualification will start from the December 2007 examination sitting. The new syllabus updates the qualification for recent developments in the accountancy profession and reorganises the papers within the qualification. It is ACCA policy to update the examination syllabus on a regular basis. Changes were made previously in 2001 and 1994.

The ACCA Professional examinations are offered worldwide twice yearly, in June and December.

B. Certified Accounting Technician (CAT)

This is an introductory accounting technician qualification. Although CAT can be obtained as a standalone qualification, it is often the case that individuals study for CAT as an introduction to accountancy prior to starting the Professional Scheme. It usually takes 1.5 years to complete the Certified Accounting Technician exams. However, there is no restriction on the number of papers that can be attempted in one attempt.

Alternatives to the CAT qualification include the Association of Accounting Technicians qualification. ACCA was a sponsor of the AAT before breaking its links in favour of the CAT qualification in the mid 1990s.

Currently, the Certified Accounting Technician qualification (CAT) has been placed on the Qualifications and Curriculum Authority (QCA) National Qualifications Framework and publicly funded educational institutions are now eligible for funding to train towards the qualification in United Kingdom.

C. Other qualifications

The ACCA offers other qualifications:

    * an MBA (for ACCA full members, offered in association with Oxford Brookes University)

    * Diploma in Financial Management (DipFM). Introduced in the mid-1980s as the Certified Diploma in Accounting and Finance this is a financial qualification designed for non-finance managers.

    * Diploma in International Financial Reporting (DipIFR)

    * Diploma in Financial Management

    * Certificate in International Auditing (CertIA)

    * Certificate in International Financial Reporting (CertIFR)

Answer 2

So simple... you completed the ACCA qualification, you have so many advantages like:

1. You are a qualified chartered accountant.

2. You are qualified to sign the accounts.

3. You can earn high pay.

4. People respect YOU as an accountant.

5. You are easier to get a job in MNC.

6. You can own an Accounting Firm.

7. You are qualified to give financial consultation advice.

8. You become a very calculative person.....hahaha

Anyway, ACCA is not easy.....they have set a limit for their student members to pass the exam.

Furthermore, their exam is not easy, it is tough to pass the exam.

Answer 3

You can have a good career in accounting and finance.