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Top Benefits of Getting an ACCA Certification

Last Updated On -03 Feb 2025

The top benefit of getting an ACCA certification is that it offers an extensive avenue for growth and advancement. A myriad of opportunities within the field awaits. Exploring supplementary courses can further enrich your career trajectory, providing a competitive advantage among colleagues. For those aspiring to broaden their horizons globally, pursuing an ACCA Certification presents an ideal pathway to international prospects.

This blog will answer your questions like ‘top benefits of getting an ACCA certification’ and give you a thorough idea of the world of ACCA.

What are the Benefits of an ACCA Certification?

Pursuing an ACCA course (Association of Chartered Certified Accountants) offers numerous advantages that can significantly enhance your career in finance and accounting.

Here are the top benefits of getting an ACCA certification:

Global Recognition:

ACCA is a globally recognized qualification, that allows you to work in over 180 countries. This opens doors to international career opportunities and the ability to work with multinational companies.

Diverse Career Prospects:

With an ACCA qualification, you're not limited to one sector. ACCA professionals are sought after in public practice, financial services, and corporate sectors.

Comprehensive Knowledge and Skill Set:

This program offers a thorough method for honing the essential skills crucial to Accountancy. It enhances your managerial prowess by encompassing various areas of study such as taxation, business studies, and financial management, among others, providing a well-rounded perspective on addressing and resolving accounting challenges.

Competitive Salary:

ACCA members often command higher salaries due to the value of their qualifications, especially in roles equivalent to those of Indian CAs.

Professional Network:

As an ACCA member, you join a vast network of professionals, gaining access to exclusive job portals and networking opportunities that can propel your career forward.

ACCA offers extensive coverage of accounting, business, and management domains, equipping you with versatile skills and knowledge applicable across various sectors. Typically, completing the ACCA course requires approximately two years.

Best Job Profiles for ACCA Course

Securing a career path with job profiles that are promising and have wide avenues of growth is essential for professionals seeking stability. Professionals equipped with the prestigious Association of Chartered Certified Accountants (ACCA) qualification, a world of opportunities awaits. From finance to management roles, ACCA professionals are highly sought after by a multitude of industries globally. The average ACCA salary starts from ₹12 lakhs in India and outside India, it starts at USD 60,000.

Here are the Top Job Profiles you can go for with an ACCA certification:

Financial Accountant
Management Accountant
Tax Accountant
External Auditor
Internal Auditor
Financial Analyst
Financial Controller
Business Consultant
Treasury Manager
Risk Manager
Financial Advisor
Chief Financial Officer (CFO)
Forensic Accountant
Investment Analyst
Financial Planning and Analysis Manager

The ACCA Syllabus and Papers

ACCA as a course, encompasses various aspects of Chartered Accountancy, including Accounting, Financial Reporting, Auditing, Taxation, Business Finance, and Financial Management.

The ACCA Syllabus comprises a total of 13 examinations that candidates must undertake. These 13 exams are divided into 3 levels – Applied Knowledge, Applied Skills, and Strategic Professional. There are varied degrees of exemptions ranging from 4 - 9 subjects for aspirations who have qualifications like B.Com and CA, etc.

Applied Knowledge

The Applied Knowledge exams provide students with a broad introduction to the world of finance and develop their essential understanding and skills in accounting. These exams are:

F1 - Business and Technology (BT)
F2 - Management Accounting (MA)
F3 - Financial Accounting (FA)

Applied Skills

The Applied Skills exams build upon existing knowledge and understanding and develop strong, broad, and practical finance skills required of future strategic professional accountants in any sector or industry. These exams include:

F4 - Corporate and Business Law (LW)
F5 - Performance Management (PM)
F6 - Taxation (TX)
F7 - Financial Reporting (FR)
F8 - Audit and Assurance (AA)
F9 - Financial Management (FM)

Strategic Professional

The Strategic Professional exams prepare students for future leadership positions, developing a strategic vision through a unique blend of technical, ethical, and professional skills. And you can specialize in areas that best suit your career ambitions. Students must complete both Essentials exams (P1 - P3) and choose two of the Options from P4 - P7. P1 - P7 consists of four papers. These exams are:

P1 and P3 - Strategic Business Leadership (SBL)
P2 - Strategic Business Reporting (SBR)
P4 - Advanced Financial Management (AFM)
P5 - Advanced Performance Management (APM)
P6 - Advanced Taxation (ATX)
P7 - Advanced Audit and Assurance (AAA)

Frequently Asked Questions ( FAQs )

What are the different levels of the ACCA examinations?

The different levels of the ACCA examinations are Applied Knowledge, Applied Skills, and Strategic Professional.

How many exams are there at the Applied Knowledge level?

There are three exams in the Applied Knowledge level.

What is the purpose of the Strategic Professional exams?

The Strategic Professional exams prepare students for future leadership positions and develop a strategic vision through a blend of technical, ethical, and professional skills.

How does pursuing ACCA benefit one's global career prospects?

Pursuing ACCA offers global recognition, allowing professionals to work in over 180 countries, thereby opening doors to international career opportunities.

What sectors are ACCA professionals sought after?

ACCA professionals are sought after in public practice, financial services, and corporate sectors.

What skills does the ACCA program aim to develop?

The ACCA program aims to develop essential skills in accounting, taxation, business studies, financial management, and others, providing a well-rounded perspective on addressing and resolving accounting challenges.

What are some of the popular career designations for ACCA-certified professionals?

Some popular career designations for ACCA-certified professionals include Financial Accountant, Management Accountant, Tax Accountant, External Auditor, Financial Analyst, Financial Controller, and Chief Financial Officer (CFO), among others.