{"id":10239,"date":"2024-05-17T12:24:06","date_gmt":"2024-05-17T06:54:06","guid":{"rendered":"https:\/\/www.thewallstreetschool.com\/blog\/?p=3617"},"modified":"2024-05-17T12:24:06","modified_gmt":"2024-05-17T06:54:06","slug":"the-association-of-chartered-certified-accountants-course-a-quick-start-guide","status":"publish","type":"post","link":"https:\/\/www.thewallstreetschool.com\/stg-new\/the-association-of-chartered-certified-accountants-course-a-quick-start-guide\/","title":{"rendered":"The Association Of Chartered Certified Accountants Course: A Quick Start Guide"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Do you want to make an international career in finance and accounting?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pursuing the <\/span><span style=\"font-weight: 400;\">Association of Chartered Certified Accountants course<\/span><span style=\"font-weight: 400;\"> will help you achieve this goal.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Abbreviated as ACCA, the association is UK-based and globally recognised in 181 countries. With a global community of <\/span><a href=\"https:\/\/www.accaglobal.com\/gb\/en\/about-us\/who-we-are.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">247,000 members<\/span><\/a><span style=\"font-weight: 400;\"> and almost 526,000 future members, the ACCA course aims to develop professionals with forward-thinking abilities and skills in business and finance.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Let\u2019s explore various aspects of the ACCA course in detail.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Eligibility for the <\/span><span style=\"font-weight: 400;\">Association of Chartered Certified Accountants course<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The eligibility criteria for the ACCA course are as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">10th standard pass out<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">12th standard pass out from any stream<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Graduation from any recognised university<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Postgraduate\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CA Intermediate<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CMA, CA (with experience of 5+ years)<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Meeting specific eligibility criteria can help get exemptions from ACCA exam papers at different levels. We will discuss these ACCA exemptions in one of the following sections of this blog.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Levels of the <\/span><span style=\"font-weight: 400;\">Association of Chartered Certified Accountants course<\/span><span style=\"font-weight: 400;\"> certification<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To achieve the ACCA certification and kickstart your international accounting and finance career, you must clear the three levels of ACCA exams. After clearing the exams, you must pass the Ethics and Professional Skills module, followed by practical working experience. After completing this journey, you will earn your coveted ACCA membership.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are the three levels of the ACCA exams:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">Applied Knowledge Level\u00a0<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Students at the Applied Knowledge level get an introduction to the finance world. The level also hones and develops the techniques and understanding of accounting. The papers at the Applied Knowledge level include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business and Technology (BT)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Accounting (FA)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management Accounting (MA)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">Applied Skills Level<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">With the basic knowledge and skills acquired at the Applied Knowledge level, the Applied Skills level helps develop practical and solid finance skills. The papers at this level prepare students for the accounting and finance industry to a great extent. The six papers at this level are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Reporting (FR)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Management (FM)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporate and Business Law (LW)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Taxation (TX)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Audit and Assurance (AA)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Performance Management (PM)<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\">\n<h3><span style=\"font-weight: 400;\">Strategic Professional Level<\/span><\/h3>\n<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The name of this level is self-explanatory as it prepares candidates for leadership positions in various organisations. At this level, candidates receive the perfect amalgamation of professional, technical and ethical skills for developing strategic vision.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This level has two segments: 2 essential papers and 2 papers from 4 available choices.\u00a0<\/span><\/p>\n<h4><span style=\"font-weight: 400;\">Mandatory papers<\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic Business Reporting (SBR)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic Business Leader (SBL)<\/span><\/li>\n<\/ul>\n<h4><span style=\"font-weight: 400;\">Elective papers (any 2 from the list of 4)<\/span><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Taxation (ATX)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Performance Management (APM)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Finacial Management (AFM)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Audit and Assurance (AAA)<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Ethics and Professional Skills Module<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Another step towards achieving the ACCA membership is clearing the Ethics and Professional Skills module. This module develops all the skills needed to succeed in the international finance and accounting industry.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This module, in addition to exposing students to real-life business situations, covers several advanced professional and ethical skills. With these skills, candidates become highly credible in their workplace and are a favourite choice with recruiters globally.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Practical Experience<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">To be eligible to become an ACCA member, you must have adequate experience, be confident, and be an expert in the subject matter.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A minimum of 36 months of relevant work experience is mandatory.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">You also have to achieve 9 performance objectives.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An experienced supervisor supervises, sanctions and approves your relevant work experience and performance objectives. You can now implement your knowledge in different areas of the finance and accounting industry.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Exemptions in the ACCA course<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As mentioned, candidates are eligible for ACCA exam paper exemptions when they meet specific criteria or have existing qualifications.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The exemptions apply to the Foundation-level examinations, Applied Knowledge examinations (3 papers) and Applied Skills examinations (6 papers). There are no exemptions at the Strategic Professional Level.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here is a list of exemptions in the <\/span><span style=\"font-weight: 400;\">Association of Chartered Certified Accountants course<\/span><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Qualifications<\/b><\/td>\n<td><b>Exempted papers<\/b><\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">10th and 12th standard pass-outs and undergraduates<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">No exemptions<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Graduates and postgraduates<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applied Knowledge Level (all 3 papers)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applied Skills Level (Corporate and Business Law)<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CS\/CA\/CMA Intermediate<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applied Knowledge Level (all 3 papers)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applied Skills Level (Audit and Assurance, Taxation)<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CS\/CA\/CMA Fully Qualified<\/span><\/li>\n<\/ul>\n<\/td>\n<td>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applied Knowledge Level (all 3 papers)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Applied Skills Level (all 6 papers)<\/span><\/li>\n<\/ul>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span style=\"font-weight: 400;\">Minimum time for completing the ACCA qualification<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">ACCA has four exam sessions every year. In each session, you can appear for a maximum of four examinations and eight distinct exams every calendar year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you clear all the examinations on the first go, you can clear the ACCA exams in 2 years.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, to qualify as an ACCA member, you will require 36 months (3 years) of practical experience. Upon completing this tenure, you will be a qualified and certified accountant.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Overall, completing the ACCA qualification requires a minimum of 3 years.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Conclusion<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\"><a href=\"https:\/\/www.thewallstreetschool.com\/acca-coaching-program\/\" target=\"_blank\" rel=\"noopener\">Association of Chartered Certified Accountants cours<\/a>e<\/span><span style=\"font-weight: 400;\"> is highly in demand among professionals looking to boost their finance and accounting careers in the international arena. This professional course prepares candidates by honing their skills in accounting and finance, business, management, and administration.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Aspiring accounting and finance professionals can enrol in an <\/span><span style=\"font-weight: 400;\">Association of Chartered Certified Accountants course<\/span><span style=\"font-weight: 400;\"> near them right away!<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Frequently Asked Questions<\/span><b><\/b><\/h2>\n<ul>\n<li aria-level=\"1\"><b>What is the duration of the <\/b><b>Association of Chartered Certified Accountants course<\/b><b>?<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The ACCA qualification takes approximately 2-3 years to complete. To become an ACCA member, the candidate must have 36 months of relevant working experience.\u00a0<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Which exam is more difficult &#8211; ACCA or CA?<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The preparation time for CA examinations is quite exhaustive. Also, the number of papers in CA is much more than in ACCA. Moreover, the passing percentage of ACCA is higher than that of CA. Completing ACCA also needs hard work and time, but the pass rates are higher.\u00a0<\/span><b><\/b><\/p>\n<ul>\n<li aria-level=\"1\"><b>Do ACCA-certified professionals find a job in the Big 4?<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Yes, candidates with an ACCA certification can find jobs in the Big 4 (Deloitte, EY, KPMG, and PWC). There are also job opportunities at Morgan &amp; Stanley, JP Morgan Chase, Moody\u2019s, S&amp;P, and various MNCs and financial institutions.\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you want to make an international career in finance and accounting?\u00a0 Pursuing the Association of Chartered Certified Accountants course will help you achieve this goal.\u00a0 Abbreviated as ACCA, the association is UK-based and globally recognised in 181 countries. With a global community of 247,000 members and almost 526,000 future members, the ACCA course aims [&hellip;]<\/p>\n","protected":false},"author":38,"featured_media":3633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[567],"tags":[],"class_list":["post-10239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acca"],"_links":{"self":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/10239","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/comments?post=10239"}],"version-history":[{"count":0,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/10239\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media\/3633"}],"wp:attachment":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media?parent=10239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/categories?post=10239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/tags?post=10239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}