What is ACCA? Overview, Full Form, Course Details, Fees

ACCA is an association that supports and recognizes professional accountants across the world. With a network of 117 offices in almost 180 countries worldwide, ACCA offers candidates the designation of Certified Chartered Accountant once they complete the course. The courses offered by ACCA help prepare candidates for the financial and management aspects of a business and prepare them as qualified and valued professionals capable of working all across the world.

In this post, let us understand more about ACCA qualifications and other details.

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What Does ACCA Imply?

The Association of Chartered Certified Accountants (ACCA) is a membership body that supports and accredits professional accountants globally. Since it was founded in 1904, the organization has been helping professionals pursue rewarding careers in accountancy by creating excellent accountancy qualifications.

The role of accountants is crucial in maintaining financial transparency and stability.  Well-trained accountants can strengthen transparency and accountability, help create dynamic businesses, and deliver long-term value.

ACCA is regarded as one of the most credible qualifications required for the most strategic accounting infrastructure critical for any business's growth. ACCA is also the oldest and largest association for accounting.

What is ACCA Full Form?

The ACCA full form is (Association of Chartered Certified Accountants) is a global professional accounting body that offers the Chartered Certified Accountant qualification. Founded in 1904, ACCA is one of the largest and most recognized accounting organizations worldwide.

ACCA qualifications are recognized in over 180 countries, providing a globally respected credential that can enhance career prospects in various regions.

The ACCA qualification covers a wide range of accounting and financial topics, including financial management, audit, taxation, law, and ethics. The curriculum is designed to equip professionals with the skills needed to excel in diverse accounting and finance roles.

Why Choose to Study ACCA?

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There are several benefits to choosing ACCA, the most valued and credited organization to pursue your career in accountancy. By studying with ACCA, candidates can take their careers to greater heights. ACCA opens doors to excellent career opportunities all across the world. After completing your course with ACCA, you become a sought-after professional in finance and accounting.

Here are some benefits of pursuing accountancy with ACCA:

· ACCA-qualified candidates get to work anywhere in the world as ACCA is credited with a reputation for excellence.

· ACCA-qualified candidates also have the opportunity to stand out to the best employers. Globally, employers seek ACCA-trained professionals for their expert skills, strategic thinking, and professional values which are required to drive a company ahead.

· ACCA supports its candidates with a network of learning partners to get them going at every step of their educational journey for all their students including online and regular as well as part-time and full-time students.

· ACCA allows students the flexibility to choose their path and to progress at their pace with the help of ACCA-offered qualification

· Students get 24-hour support whenever they need them for advice and answers. They also have free access to their resources and materials.

· Students get to join any sector they want including government and private sector organizations to shape their career in accounting.

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Who Should Pursue ACCA?

Anyone interested in pursuing a career in accounting can join ACCA. Students can join ACCA after the 10th, 12th, and after completing their bachelor’s degree. Even finance professionals can proceed with ACCA exam preparations for better prospects.

Students who have completed their 10+2 get the flexibility to learn and prepare for student-friendly examination systems to join ACCA, which equips them for varied roles beyond accounting. Commerce graduates interested in a career in accounting can also join this program, which helps them prepare for multiple roles in multinational companies. Similarly, experienced professionals can learn and refresh their knowledge and prepare for strategic roles to get career enhancements.

ACCA Course Details and Fees

Students can take the ACCA exam using ACCA X or through one of the ACCA-approved learning partners spread across the globe. The ACCA syllabus for 2024-25 is available on the ACCA website to download. ACCA might make some changes in the syllabus every year. So, students who have applied earlier should check it once to confirm if there have been any syllabus changes and access useful resources for better results. The ACCA total fees come to around Rs 1,70,000 - Rs 1,80,000 including registration, annual subscription, and other variables.

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Eligibility Criteria

Minimum eligibility criteria for pursuing ACCA:

· Completed 10+2 or equivalent with a combined score of 65% in Maths/Accounts, and English and a minimum of 50% aggregate in the rest subjects

· Students who have completed 10th can sign up for ACCA through the FIA (Foundation in Accountancy) course

· Students who are willing to take up ACCA after graduation can pursue degrees like BCom, BBA, or BMS, etc., to appear for ACCA exams.

What are ACCA career opportunities after the course?

Management Accountant – As a management accountant, you are responsible for identifying the business and operational costs of organizations to help businesses grow and resolve critical decisions.

Credit Controller – A credit controller evaluates and accepts new credit applications. They manage corporate debtors to ensure credit recovery and also check the credit ratings of the customers with the bank.

Financial Accountant – Financial accountants record and analyze an organization’s financial transactions. The statements of such financial transactions are presented to business stakeholders for better understanding.

Tax Specialist – The role of a tax specialist is to advise clients on tax laws and help them meet taxation requirements.

Finance Manager - These professionals manage the finance division of a company. They do financial analysis and create business reports. They identify investment opportunities by doing cost reduction market trend assessment.

Conclusion

ACCA programs are designed to impart in-depth accounting knowledge, professional values, and skills that help finance and accounting professionals build successful careers across sectors. If you are looking forward to a prosperous professional life in this field, pursue the ACCA course offered by Amity Online. For more details, log on to the Amity Online portal.

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