The ACCA is a globally recognised qualification that opens the doors to a career in accounting and finance. Many students completing their 10th grade wonder if they can start ACCA right away. The answer isn’t as simple as a yes or no, but there is a way forward.
While ACCA typically requires students to complete their 12th grade first, an alternative route exists for those eager to begin early. This pathway for ACCA after 10th pass students is called the Foundation in Accountancy (FIA), designed to help students build essential accounting knowledge before progressing to ACCA.
In this blog, we’ll walk you through the eligibility criteria, available pathways, and the steps to get started.
Understanding ACCA Eligibility Criteria
To enrol in ACCA, students typically need to complete 12th grade. The qualification expects a solid foundation in maths and accounting.
However, students who want to pursue ACCA after 10th have options. They cannot directly start ACCA without further studies. However, they can take an alternative route designed for early learners.
This route to pursue ACCA after 10th is known as the Foundation in Accountancy (FIA). It helps students build knowledge before moving to the ACCA qualification. FIA covers fundamental accounting concepts in a structured manner.
By completing FIA, students become eligible for the ACCA Applied Knowledge Level. This means they can gradually work towards their ACCA goals.
Foundation in Accountancy (FIA): The Route After 10th
FIA is a stepping stone for those wanting to start early. It offers a structured path before entering the ACCA qualification. The programme includes three key certifications for foundational learning:
- Introductory Certificate in Financial and Management Accounting: Covers basic accounting principles.
- Intermediate Certificate in Financial and Management Accounting: Builds on financial and management accounting knowledge.
- Diploma in Accounting and Business: Prepares students for the ACCA Applied Knowledge Level.
Each stage builds essential accounting and finance skills. Once students finish FIA, they can progress to ACCA. This transition allows them to start with the Applied Knowledge Level. It’s a great way to pursue ACCA after 10th.
Steps to Start ACCA After 10th
Here are some of the main steps you need to follow if you are pursuing ACCA after 10th:
Step 1: Enrol in FIA
After completing 10th grade, students should register for the FIA programme. This ensures they begin learning fundamental accounting concepts before moving to ACCA.
Step 2: Pass the FIA Exams
Students must complete the required FIA exams, including the Diploma in Accounting and Business. These exams test their understanding of financial and management accounting principles.
Step 3: Transition to ACCA
Once the FIA is completed, students can directly enter the ACCA Applied Knowledge Level. This is the first stage of the full ACCA qualification.
Step 4: Gain Practical Experience
ACCA requires students to complete three years of relevant work experience. They can start gaining this experience while studying to meet ACCA’s Practical Experience Requirement (PER).
Step 5: Prepare for the Strategic Professional Level
After completing the Applied Knowledge and Applied Skills Levels, students must pass the Strategic Professional Level exams. Once all exams and experience requirements are met, they officially become ACCA members.
Benefits of Starting ACCA After 10th
Here are some benefits you can reap if you are planning to pursue ACCA after 10th:
- Headstart in a professional career: Starting ACCA early allows students to enter the job market sooner, giving them an edge over their peers. By the time they complete their higher education, they already have an industry-recognised qualification, making them highly attractive to employers who value young professionals with financial expertise.
- More time to complete ACCA while pursuing higher education: ACCA has multiple levels, and beginning early provides ample time to complete the exams gradually without unnecessary pressure. Students can spread out their exams instead of rushing through them later, which makes it easier to balance their ACCA journey alongside university studies.
- Better preparation for future finance and accounting roles: Early exposure to accounting concepts strengthens financial knowledge and helps students develop a deeper understanding of finance. This not only improves their problem-solving and analytical skills but also builds confidence in handling financial reports, business analysis, and taxation.
- Early access to internships and practical experience: Many companies prefer ACCA students for internships and entry-level roles, as they already have foundational knowledge in accounting and finance. Gaining practical experience while studying increases employability, enhances networking opportunities, and makes it easier to secure career opportunities in the finance and accounting industry.
Challenges to Consider If You Want to Pursue ACCA After 10th
By understanding both the benefits and challenges, students can make an informed decision about starting ACCA early. We have already covered the benefits. Let’s look at some of the potential challenges you may face:
- The complexity of ACCA subjects for younger students: ACCA covers advanced topics like taxation, auditing, and corporate finance, which can be difficult for younger students to grasp. Those without prior exposure to accounting may struggle with complex concepts, making self-paced learning essential to understanding the subjects effectively.
- Balancing ACCA with school or college education: Managing ACCA studies alongside regular academic coursework can be overwhelming, especially for students with a busy school schedule. Effective time management is crucial to prevent burnout, but some students may still find it difficult to dedicate enough time to both commitments.
- The need for strong self-discipline and dedication: ACCA demands a high level of commitment and consistent study efforts, requiring students to stay focused throughout their journey. Unlike school, there are no fixed class schedules, so self-motivation is key, and failing an exam means retaking it, which can be time-consuming and costly.
- Financial investment and exam fees: ACCA exams and study materials come with a financial commitment that students need to consider. Younger students may require family support to cover costs, making it essential to plan ahead and budget for exam fees and tuition expenses.
Conclusion
See? Starting ACCA after 10th is very much possible in a structured manner. FIA sure allows students to build a strong foundation in accounting before progressing to higher levels.
However, always remember that commitment, self-discipline, and effective time management are crucial for success. Students should carefully assess their career goals and readiness before enrolling. While the journey requires effort, early preparation can open doors to a rewarding finance career.
With dedication and perseverance, young aspirants like you can establish themselves in the accounting and finance industry. You’ve got this!
FAQs
- Is there an age limit for ACCA?
No, ACCA does not have an upper age limit, but students must meet the entry requirements.
- Can I do ACCA while studying in school?
Yes, through the FIA route, you can start ACCA preparation alongside school studies.
- How long does it take to complete ACCA after 10th?
It depends on study pace, but typically 5-6 years including FIA and ACCA levels.
