You’ve heard about the ACCA qualification but don’t know where to start. We get it – it can seem intimidating to take that first step when you don’t have all the facts. But don’t worry, because, in this article, we’ll walk you through everything you need to know to tackle the ACCA qualification head-on.
We’ll break down the step-by-step process from registration to completion. By the end, you’ll have a clear game plan tailored to your specific needs and goals. So take a deep breath and get ready to get an acca complete guide so you can use those four magical letters before your name!
An Overview of the ACCA Qualification
The ACCA (Association of Chartered Certified Accountants) qualification is a highly respected global certification for accountants. To earn the ACCA qualification, you need to complete 14 exams, have relevant work experience, and follow an ethics module.
• The 13 exams cover a range of topics including financial reporting, taxation, audit and assurance, financial management, and business analysis. The exams are computer-based, available throughout the year, and you can take them in any order you like. You have 10 years to complete all 13 exams.
• You need a minimum of 3 years of relevant work experience to become an ACCA member. The experience can be gained before, during, or after your exams. Experience in areas like audit, tax, financial accounting, management accounting, or finance all count towards the work experience requirement.
• The ethics module helps ensure you understand and apply high ethical standards in your work. You must complete the ethics module before becoming a member.
• Once you pass your exams, gain the necessary work experience, and complete the ethics module, you become an ACCA member and can use the ACCA designation after your name.
• Members must follow the ACCA Rulebook which outlines professional conduct, ethics, and continuing education requirements.
Becoming an ACCA member opens up many career opportunities in fields like auditing, taxation, management accounting, and consulting. The ACCA qualification is recognized and respected by employers all over the world. If you’re looking to build a rewarding career as an accountant, the ACCA program is an excellent place to start.
Step-by-Step Guide to Completing the ACCA Exams and Requirements
To become an ACCA member and achieve your qualification, you must pass all the required exams and meet the practical experience requirements. Here is an acca complete guide
to walk you through it:
1. Check the exam syllabus and pick which exams you need to take
The ACCA qualification consists of 13 exams across three levels: Fundamentals, Professional and Advanced. Review the syllabus for each exam and determine which ones you need to study for based on your background and career goals. You might get up to 9 exemptions based on your qualifications and career background.
2. Sign up and pay for your exams
Once you know which exams you want to take, register for them on the ACCA website and pay the exam fees. You can take the computer-based exams year-round at an exam centre
3. Develop a study plan
Create a schedule to prepare for your exams. Determine how many hours you can dedicate each week, obtain the necessary study materials and resources, and start studying the topics and practising questions in the syllabus. Give yourself at least 2 to 3 months of preparation for each exam.
4. Gain the necessary work experience
To become an ACCA member, you need a minimum of 3 years of relevant work experience, which you can gain before, during or after passing your exams. The experience must be verified by an ACCA member or by submitting a reference from your employer.
5. Sit for your exams
When you feel adequately prepared, schedule to take your exams at an exam centre. Bring valid identification and your exam docket or permit. The computer-based exams last 3 hours and consist of a mix of multiple-choice and written questions. You’ll receive your results within a few weeks.
6. Become an ACCA member!
Once you pass your final exam and have the necessary work experience, you can apply to become an ACCA member. Members can use the ACCA designation and enjoy many career benefits. Congratulations, you now have an internationally recognized accounting qualification!
Conclusion:
Embarking on the ACCA qualification journey can be navigated with a clear plan: pass the 13 exams, gain 3 years of work experience, and complete the ethics module. Though this acca complete guide sounds easy, there could be certain hurdles that would require guidance.
That’s where SOE Global comes in – a leading ACCA institute that helps you finish your ACCA journey from start to finish. We offer three different study modes: online, office, and self-paced, allowing you to study according to your needs.
Your ACCA journey is simplified and personalised. Excellence, guided by SOE Global.