{"id":10240,"date":"2024-08-24T13:11:23","date_gmt":"2024-08-24T07:41:23","guid":{"rendered":"https:\/\/www.thewallstreetschool.com\/blog\/?p=3875"},"modified":"2024-08-24T13:11:23","modified_gmt":"2024-08-24T07:41:23","slug":"a-roadmap-to-acca-accounting-course","status":"publish","type":"post","link":"https:\/\/www.thewallstreetschool.com\/stg-new\/a-roadmap-to-acca-accounting-course\/","title":{"rendered":"A Roadmap to ACCA Accounting Course"},"content":{"rendered":"<h1><span style=\"font-weight: 400;\">ACCA Accounting Course<\/span><\/h1>\n<p><span style=\"font-weight: 400;\">A country\u2019s progress depends on the transparency of its economic operations and sound reporting. This builds confidence among investors and fosters a well-balanced investor-based environment, even attracting international investors. It ensures financial stability and reduces resource mismanagement and corruption.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">All this can be achieved through solid accountancy competencies. The<a href=\"https:\/\/www.thewallstreetschool.com\/acca-coaching-program\/\" target=\"_blank\" rel=\"noopener\"> Association of Chartered Certified Accountants<\/a>, a.k.a ACCA, comes in here. This oldest and most credible global accounting fraternity consists of a highly trained body of accountants who are efficient in handling financial and management accounting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To join this prestigious community, you must take the <\/span><span style=\"font-weight: 400;\">ACCA accounting course<\/span><span style=\"font-weight: 400;\">. This blog is a comprehensive guide to the course, its exam levels, and the curriculum for each level.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">What Does Doing an ACCA Mean for Your Future?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">ACCA accounting course<\/span><span style=\"font-weight: 400;\"> will equip you with the essential skills, knowledge, and values to succeed in finance, accounting, and business management. The certification covers various topics, from financial and management accounting to taxation, law, and ethics.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Before you learn more about the curriculum, let\u2019s give you a brief idea of what pursuing and completing the <\/span><span style=\"font-weight: 400;\">ACCA accounting course<\/span><span style=\"font-weight: 400;\"> would mean for your career.<\/span><\/p>\n<p><a href=\"https:\/\/www.thewallstreetschool.com\/best-acca-coaching-classes\/\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-full wp-image-3714\" src=\"https:\/\/thewallstreetschool.com\/stg-new\/wp-content\/uploads\/2024\/05\/Best-ACCA-Course-in-India.gif\" alt=\"\" width=\"1584\" height=\"396\" \/><\/a><\/p>\n<ul>\n<li aria-level=\"1\"><b>Global recognition:<\/b><span style=\"font-weight: 400;\"> Valued and recognised in approximately 180 countries and by 80 global accountancy bodies.<\/span><\/li>\n<\/ul>\n<ul>\n<li style=\"list-style-type: none;\">\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Promotion to senior roles:<\/b><span style=\"font-weight: 400;\"> Get entry to senior strategic roles like CFO, financial manager, and partners in financial accounting firms.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Learn the latest skills: <\/b><span style=\"font-weight: 400;\">The ACCA curriculum provides access to the latest and most relevant industrial skills and knowledge.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Be a part of the prestigious alumni network: <\/b><span style=\"font-weight: 400;\">Get the opportunity to join the 200,000-strong ACCA alumni network.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>ROI:<\/b><span style=\"font-weight: 400;\"> Get value for money by enrolling in an <\/span><span style=\"font-weight: 400;\">ACCA accounting course<\/span><span style=\"font-weight: 400;\">. The course fees range between \u20b92-4.5 lakhs.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Continuous learning:<\/b><span style=\"font-weight: 400;\"> Remain industry-relevant and foster ongoing professional development.\u00a0<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Overview of Each Course Level<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">ACCA accounting course<\/span><span style=\"font-weight: 400;\"> is divided into three levels, totalling 13 papers. Each builds on the knowledge from the previous one. These levels are:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Applied Knowledge<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Applied Skills<\/b><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Strategic Professional<\/b><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Applied Knowledge<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">It is the foundational level and is perfect for newcomers in accounting. It covers the basics and gives you a solid understanding of financial and management accounting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The level comprises three papers:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Business and Technology (BT)<\/b><span style=\"font-weight: 400;\">: How businesses operate, the role of IT, and the impact of the external environment.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Management Accounting (MA)<\/b><span style=\"font-weight: 400;\">: Key management accounting concepts, including planning, budgeting, and decision-making.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Financial Accounting (FA)<\/b><span style=\"font-weight: 400;\">: Fundamental principles of financial accounting, how to prepare financial statements, and the importance of financial reporting.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Applied Skills<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Once you\u2019ve completed the basics, you can move on to the Applied Skills level. Here, you&#8217;ll build on your knowledge and develop advanced skills in finance and accounting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">It comprises six papers:<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Corporate and Business Law (LW): <\/b><span style=\"font-weight: 400;\">Understanding the legal framework of businesses, including contracts, employment law, and corporate governance.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Performance Management (PM): <\/b><span style=\"font-weight: 400;\">Techniques to manage performance, costing, and budgeting.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Taxation (TX): <\/b><span style=\"font-weight: 400;\">The basics of taxation, including income tax, corporation tax, and VAT.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Financial Reporting (FR): <\/b><span style=\"font-weight: 400;\">How to prepare financial reports in line with international accounting standards.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Audit and Assurance (AA): <\/b><span style=\"font-weight: 400;\">The principles of auditing, including the audit process, risk, and ethics.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Financial Management (FM): <\/b><span style=\"font-weight: 400;\">Understanding financial management, including investment appraisal, risk management, and working capital management.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Strategic Professional Level<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This is the final and most advanced level of the ACCA course. Here, you\u2019ll develop strategic and advanced professional skills essential for leadership roles in finance and accounting.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This level is divided into mandatory and elective subjects:<\/span><\/p>\n<ul>\n<li aria-level=\"1\">\n<h4><b>Mandatory Subjects<\/b><\/h4>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Strategic Business Leader (SBL)<\/b><span style=\"font-weight: 400;\">: A comprehensive case study approach that integrates various aspects of business leadership and strategic decision-making.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Strategic Business Reporting (SBR)<\/b><span style=\"font-weight: 400;\">: Advanced skills in financial reporting, focusing on complex financial reporting issues.<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\">\n<h4><b>Elective Subjects (Any 2)<\/b><\/h4>\n<\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Advanced Financial Management (AFM)<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Advanced Performance Management (APM)<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Advanced Taxation (ATX)<\/b><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><b>Advanced Audit and Assurance (AAA)<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Depending on your chosen subject, you will learn in greater depth about any of the above-advanced topics.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Ethics and Professional Skills Module (EPSM)<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Above and beyond the three levels, you must also complete the EPSM. This module focuses on developing your ethical judgment and professional accounting skills.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Exam Structure and Timing<\/span><\/h2>\n<p><b>Exam Sessions<\/b><span style=\"font-weight: 400;\">: ACCA exams are held four times a year\u2014in March, June, September, and December.<\/span><\/p>\n<p><b>Exam Format<\/b><span style=\"font-weight: 400;\">: The exams are a mix of CBT (computer-based tests) and written formats. Applied Knowledge exams are computer-based, while the higher-level exams can be both computer-based and paper-based.<\/span><\/p>\n<p><b>Passing Marks<\/b><span style=\"font-weight: 400;\">: You must score at least 50% in each exam to pass.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">How Long Does It Take to Become an ACCA?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The answer to this question varies greatly depending on your prior qualifications and the time you can dedicate to studying. On average, it takes around 3-4 years to complete all the levels and the required professional experience.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Below is a table detailing ACCA exemptions in greater detail:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Qualification<\/b><\/td>\n<td><b>Papers You Must Appear For<\/b><\/td>\n<td><b>Exemptions<\/b><\/td>\n<td><b>Duration<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">10+2 \/ Undergraduate<\/span><\/td>\n<td><span style=\"font-weight: 400;\">13<\/span><\/td>\n<td><span style=\"font-weight: 400;\">0<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2.5-3 years<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Commerce Graduates\/M.Com<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4<\/span><\/td>\n<td><span style=\"font-weight: 400;\">2-2.5 years<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">CA Inter<\/span><\/td>\n<td><span style=\"font-weight: 400;\">7<\/span><\/td>\n<td><span style=\"font-weight: 400;\">6<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1.5-2 years<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">CA\/CMA<\/span><\/td>\n<td><span style=\"font-weight: 400;\">4<\/span><\/td>\n<td><span style=\"font-weight: 400;\">9<\/span><\/td>\n<td><span style=\"font-weight: 400;\">1-1.5 years<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<h2><span style=\"font-weight: 400;\">Practical Experience Requirement (PER)<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Simply clearing each level won\u2019t earn you the ACCA credential. You must also complete a Practical Experience Requirement (PER), which involves three years of relevant work experience. You can start on this while prepping for the exam. This way, you would save precious time and gain professional experience, helping you transition from learning to applying smoothly.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Final Thoughts<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><a href=\"https:\/\/www.thewallstreetschool.com\/acca-online-course\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">ACCA accounting course<\/span><\/a><span style=\"font-weight: 400;\"> is undoubtedly a challenging qualification but also immensely rewarding. If you want a global accounting career, ACCA is the right call. Enrolling in ACCA can be the next big step for you if you are seeking opportunities in finance, business or accounting.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">FAQs<\/span><\/h2>\n<ul>\n<li aria-level=\"1\"><b>Is ACCA full of accounting?<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">ACCA is much more than just accounting. In addition to financial and management accounting, it imparts knowledge in various topics, such as taxation, financial management, strategic management, and corporate governance.<\/span><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li aria-level=\"1\"><b>Is ACCA a stressful job?<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Being an ACCA can be stressful, but the amount of stress depends on many factors. Some of these include your company&#8217;s size, position, and work habits.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><b>Can I finish ACCA in 1 year?<\/b><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can finish ACCA in one year if you have three years of prior work experience and are a qualified CA or CMA.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ACCA Accounting Course A country\u2019s progress depends on the transparency of its economic operations and sound reporting. This builds confidence among investors and fosters a well-balanced investor-based environment, even attracting international investors. It ensures financial stability and reduces resource mismanagement and corruption. All this can be achieved through solid accountancy competencies. The Association of Chartered [&hellip;]<\/p>\n","protected":false},"author":38,"featured_media":3876,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[567],"tags":[],"class_list":["post-10240","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\/10240","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=10240"}],"version-history":[{"count":0,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/10240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media\/3876"}],"wp:attachment":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media?parent=10240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/categories?post=10240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/tags?post=10240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}