Last updated on September 19th, 2024 at 11:39 am
Accounting is an essential component of any organisation, hence it is a consistent and expanding topic. According to an IRCC estimate, more than 79,600 new financial auditor and accountant employment openings are expected between 2019 and 2028.
As the global economy continues to recover from the pandemic, the demand for specialists to store and assess financial records is expected to increase.
This is great news for accounting students and professionals looking to work in the sector. A widely recognized qualification, the ACCA, can not only enhance your chances in a wide range of job areas, but it can also prepare you for a long and lucrative career.
Whether you want to take your initial steps into a career in finance or you're a financial professional wishing to build strategic leadership skills to boost your earning potential, options of ACCA careers might prove to be a boon for you.
What is ACCA?
The Association of Chartered Certified Accountants (ACCA) qualification is a globally recognised certification in accounting, audit and finance awarded by the ACCA body in the United Kingdom. It is the world's oldest CA program and has a structure consisting of three levels, namely Knowledge, Skill, and Professional.
ACCA is accepted in 180 countries and is known as the global CA because it provides better career opportunities worldwide. The ACCA Course prepares professionals for various domains such as accounting, auditing, taxation, management, finance, investment banking, corporate finance, forensic audit and consulting.
Truths About ACCA That will Direct Your Career
- ACCA is a globally recognised qualification: Employers all over the world trust ACCA, through the rigorous training of our students and members, to ensure their businesses operate at the highest international levels. Moreover, ACCA holds recognition from key regulatory bodies in India, including ICAI, SEBI, and RBI, validating its acceptance within the Indian financial sector.
- Offers success and security with diverse career paths: The field opens doors to diverse ACCA career opportunities in finance, banking, consulting, government, and academia, beyond traditional accounting roles.
- Inculcates skills for life: An ACCA qualification isn’t just about mastering the numbers, it’s about shaping well-rounded finance professionals equipped with a comprehensive skill set. The ACCA course inculcates strategic thinking, technical expertise, innovative approach, ethical integrity, and leadership and management skills.
- A flexible qualification for modern students: ACCA accommodates candidates at different career stages, offering a flexible pathway to certification. With its modular structure and recognition of prior learning ensure accessibility for individuals with diverse backgrounds and experiences, not just recent graduates. So, an aspirant can start ACCA at his/her level.
- ACCA has affordable options and is a valuable investment option: While there are expenses involved with ACCA exams, study materials, and membership, ACCA provides a variety of aid alternatives. These include scholarships, discounts, payment plans, and corporate sponsorship schemes, making the qualification available to people from a variety of backgrounds.
Furthermore, ACCA graduates frequently have superior earning potential, job progression chances, and international reputation.
Essential Details About ACCA
| Parameters | ACCA |
|---|---|
| Recognising body | The Association of Certified Chartered Accountants is a globally recognised degree. Candidates can pursue careers relating to many fields in taxation, accounting, auditing, and others. |
| Course duration | The course duration for an ACCA qualification is 3 years of studying, along with additional 2 years of training. |
| Eligibility | Aspirants can achieve the ACCA qualification in a minimum of 3 years, if they:
|
| Job profiles | A trained ACCA professional can work on the following job profiles:
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| Salary
(ACCA affiliates) | For ACCA careers India, the average salaries for each level are:
Abroad, a salary of roughly USD 50,000 is earned. In the UK, the average salaries for each level are:
In Canada, the average salaries for each level are:
In Australia, the average salaries for each level are:
|
| Companies hiring | Most MNCs and Big 4 companies hire ACCAs in India, such as:
|
Conclusion
The ACCA course is intended to provide aspiring candidates with a solid foundation in finance and accounting. Whether you are a 12th-grade dropout with an aptitude for accounting or an established professional, ACCA can help you launch a successful career in accounting.
If you want to get certified, embark on a journey with Imarticus' Association of Chartered Certified Accountants course. From ACCA-certified teachers and extensive study materials to placement bootcamps, this is your opportunity to develop your accounting career.
