{"id":258238,"date":"2023-12-07T10:20:07","date_gmt":"2023-12-07T10:20:07","guid":{"rendered":"https:\/\/imarticus.org\/blog\/?p=258238"},"modified":"2024-07-31T13:20:45","modified_gmt":"2024-07-31T13:20:45","slug":"the-beginners-guide-to-becoming-an-acca","status":"publish","type":"post","link":"https:\/\/imarticus.org\/blog\/the-beginners-guide-to-becoming-an-acca\/","title":{"rendered":"The Beginner's Guide to Becoming an ACCA: Subjects, Skills and PER"},"content":{"rendered":"
The economic development of any country depends on transparency and sound reporting to foster a cohesive investment-based environment. It inspires investors' confidence along with attracting international investment opportunities. This helps achieve global stability, stop resource mismanagement, and curtail corruption.\u00a0<\/span><\/p>\n This is where string accountancy knowledge comes into play. Trained accountants help create dynamic businesses that deliver long-term value by maintaining accountability and transparency. The highly prestigious <\/span>ACCA course<\/a><\/strong> has been designed to train individuals to excel in the field of finance and accounting. This blog is a detailed guide for aspiring accountants wishing to gain entry into the notable ACCA. Learn about the subjects, skills required, examination structure, fees and other related information before you set on the journey.<\/span><\/p>\n The Association of Chartered Certified Accountants, or ACCA, is a worldwide organisation established in 1904. Headquartered in London, the goal of this organisation is to equip individuals with the necessary knowledge and skills to pursue a successful career in accounting, business, or finance.\u00a0<\/span><\/p>\n The <\/span>ACCA course<\/span> has helped produce competent professionals who are now working in different industries worldwide. This course teaches a wide range of topics, such as taxation, financial reporting, business analysis, auditing, strategic management, and many more.\u00a0<\/span><\/p>\n ACCA is supported and facilitated by professionals working in the field. It has ties with thousands of employers all over the world. This allows candidates to get direct access to a number of jobs in leading organisations.\u00a0<\/span><\/p>\n Candidates who want to get the ACCA certification must understand the structure of the examination. The three levels to becoming a member of ACCA are as follows:<\/span><\/p>\n The three components of the ACCA examination are:<\/span><\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0The three papers that must be attended in this section are:\u00a0<\/span><\/p>\n These subjects act like the building blocks for the other sections of the <\/span>ACCA course<\/span>. You prepare for these three exams based on your previous academic knowledge, which will require at least six to eight months.\u00a0<\/span><\/p>\n There is no hard and fast rule regarding the sequence of these examinations. At this level, you can choose to take any of the exams at any particular time. However, it is suggested that you take the FA exam first, followed by the MA and finally the BT.\u00a0<\/span><\/b><\/p>\n Covering this section will help you feel confident catering to accounting needs in almost every industry and sector.\u00a0<\/span><\/p>\n The papers at this level are:<\/span><\/p>\n The examinations held at this level will require you to devote more time, effort, and resources. At this second level of the ACCA qualification, the concepts are going to be comparatively more difficult.\u00a0<\/span><\/p>\n Since no particular pattern has to be followed when appearing for the ACCA examination, you can start with any subject. You can take the ACCA examination four times in a year ( December, March, June, and September).\u00a0<\/span><\/p>\n You can always divide the subjects based on your knowledge and preparation and attempt the exams according to your liking.\u00a0<\/span><\/b><\/p>\n At this level, students mandatorily have to complete the exams of both the essential subjects and choose any two from the optional ones.\u00a0<\/span><\/p>\n The essential subjects are:<\/span><\/p>\n The optional subjects are:<\/span><\/p>\n Students must complete the Ethics and Professional Skills module, which helps them develop the complete array of skills employers seek. Following the provided guidelines will help you improve your chances of employability.\u00a0<\/span><\/p>\n This module will teach you the necessary professional skills for commercial awareness, communication, and leadership. It is advised that you complete this module before appearing for your Strategic Professional exam. This module will help you develop the necessary skills for performing better on the exam.\u00a0<\/span><\/p>\n To become a member of ACCA, you must complete a minimum of thirty-six months of supervised relevant work experience and achieve nine performance objectives. You must record your progress online using <\/span>MyExperience<\/span><\/a> and get your PER signed by your practical experience supervisor.\u00a0\u00a0<\/span><\/p>\n An essential part of the practical experience requirement (PER) is the performance objective. The examinations and the performance objectives are linked very closely. The knowledge that you develop during your studies is also necessary for the techniques and skills used in the workplace.\u00a0<\/span><\/p>\n Performance objectives act like benchmarks for effective performance. They outline the attitudes and values you should demonstrate and describe your work activities as a trainee accountant.\u00a0<\/span><\/p>\n You will have to achieve nine performance objectives:<\/span><\/p>\n Check out the <\/span>performance objectives booklet<\/span><\/a> to choose the technical objectives of your choice.\u00a0<\/span><\/p>\n Comprehensive ACCA examinations are conducted to assess the credibility of students to become professional CAs. As these professionals are needed in almost every sector across the world, it is necessary to have a syllabus that covers nearly all topics.\u00a0<\/span><\/p>\n Here is a brief idea of the subjects covered in the <\/span>ACCA course<\/span><\/a>:<\/span><\/b><\/p>\n The ACCA qualifications are very flexible. You get to choose your mode of study, the frequency of your examinations, and where you work for experience. You can choose to study on your own or take <\/span>classes <\/span><\/a>with an ACCA-approved learning provider.\u00a0<\/span><\/p>\n The ACCA offers a number of options for you to choose from for you to prepare for the <\/span>ACCA exam online<\/a><\/strong> or offline:<\/span><\/p>\nWhat is ACCA?<\/span><\/h2>\n
ACCA Examination Structure\u00a0<\/span><\/h2>\n
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Examination Module\u00a0<\/span><\/h3>\n<\/li>\n<\/ol>\n
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2. Ethics and Professional Skills Module\u00a0<\/span><\/h3>\n
3. Practical Experience Requirement\u00a0<\/span><\/h3>\n
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ACCA Examinations Syllabus\u00a0<\/span><\/h2>\n
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Decide How You Want to Study<\/span><\/h2>\n
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Advantages of ACCA Courses\u00a0<\/span><\/h2>\n