The Association of Chartered Certified Accountants (ACCA) is the most rapidly growing accounting certification in the world with over 208,000 members around the world. It is quickly growing its popularity in the UK and many professionals opting to be certified through the ACCA and, consequently, gaining ACCA membership.
To be able to join the ACCA You will have to possess:
- You passed your ACCA examinations
- Three years of practical experience
- Successfully completed course Ethics course and the Professional Skills course
When you have completed all three of these steps you'll be accepted as a member of the ACCA and gain access to an array of benefits and services that will help your professional career as an accountant as well as a finance specialist.
But what is it that makes the process of becoming an ACCA member such a desirable experience? This article will list the Top 5 Benefits of the ACCA Institute In Mumbai:
1. The ACCA is internationally recognized
The ACCA provides its members with the chance to be part of a global network of accounting and financial professionals. The ACCA network spans 179 countries, meaning you can choose to work wherever you want.
The ACCA accreditation is highly sought-after throughout the world and is well-known as an organization that represents integrity as well as ethics and professionalism. The certifications are created to meet the standards of international accounting for employers. Thus, companies are confident in the fact that ACCA accountants are skilled people who are knowledgeable of the accounting laws and regulations of their specific country.
2. The study can be very flexible.
The options for studying the ACCA are extremely flexible. You are able to complete the course at your own speed; either part-time or full-time, via classes or at home.
Whatever way you like to learn, there's an array of learning methods that are available. If you prefer learning with live instruction, you can take classes offered through Approved Learners. In addition, if you like to work more independently it is possible to complete your courses on the internet.
For instance, people who work in conjunction with qualifications could decide to take a self-study method for those who are employed full-time work. There's no limitation on selecting your options for studying You are able to mix and match techniques from one test one to another. The ability to choose the way and time you study is among the main advantages of the ACCA.
3. Continuous improvement and enhanced experience
A key part of earning ACCA membership is completing three years of work experience. The best way to maximize the experience is to work while studying. This lets you develop both your practical and theoretical knowledge in a real-world context.
The changing nature of finance has meant that being a book-smart person without any real experience of the workings of business can restrict your career progression. Many companies offer support for study and training opportunities for ACCA students, and this option of studying part-time is an excellent method to enhance your skills in different areas.
Once you're an ACCA member, you'll be supported to continue your professional growth through your post-qualification career. You'll gain access to an abundance of CPD tools and training programs specifically designed to enhance your current skills.
4. There are excellent career opportunities
An ACCA membership means you are able to be employed in any industry including private practice and financial services to private and public sectors. An official qualification that is internationally recognized will set you up for a successful career in accounting or finance.
In addition to the ongoing professional development mentioned earlier and the chance to be certified as an FCCA (Fellow Certified and Chartered Accountant). This is achievable after you've been certified as an ACCA member for five years and completed your Continuous Professional Development courses.
You'll be immediately awarded an ACCA fellowship. ACCA will show the employer that you've increased your knowledge and skills and have shown an interest in the field.
5. Higher Earning Potential
The ACCA certification is a mark of prestige and credibility that is widely regarded by employers. Its status indicates that you are an ACCA Chartered Accountant, you have made your professional career more successful than you can bargain for a better salary. ACCA members have the chance to grow professionally over time, which allows you to make a convincing case for a higher salary in the event that your knowledge and expertise grow.
While annual salaries can vary based on the location, level of experience, and more, as per the latest GAAPweb Salary Insight Report, the average wage for an ACCA accountant is PS57,598.
ACCA membership is an excellent way to develop your career by broadening your skillset and opening doors to opportunities in the world.
For more details about the ACCA qualification, look through other ACCA-related content below, or go to the official ACCA website.
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