ACCA (The Association of Chartered Certified Accountants)

Sunday, 20 February, 2022 09:45:44 AM

Higher Education in Malaysia > Administration > ACCA (The Association of Chartered Certified Accountants)

A career in Finance and Accounting

ACCA professional qualification
More people are choosing a career in finance than ever before. The global demand for qualified finance professionals has never been higher, and their work more varied.

Management
A job in accountancy con help you gain a high salary and a provide fast track to the top in your chosen field.

Mobility
Every company needs someone to steer the finances. Make the right choice and you could work for the type of organization that suits you. Any industry any sector, anywhere. A career in finance will not put you in a box or limit your options. And with the right qualification, you could work in any country.

The Career
As a qualified accountant the work you do will be intellectually demanding and interesting. It will put you right at the centre, making a difference to the organization, industry and economy in which you work.
If you are serious about a career as a finance professional, you need to think seriously about a professional qualification. There are a lot of options to choose from. They usually combine exams with proven experience in the workplace. But the choice you make now will affect your career options in the future.

ACCA - the Association of Chartered Certified Accountants - is the largest and fastest- growing global professional accountancy body with 296,000 students and 115,000 members in 170 countries. More people around the world qualify in the country with ACCA than any other international body. But we are far more than just big numbers. Employers, governments and the profession itself respect both ACCA reputation and influence worldwide.

A Commerce cum ACCA programme aims to provide students with learning of :

-Financial accounting & reporting,
-Management accounting & control,
-Taxation, audit & assurance,
-IT applications in accounting,
-Professional values and ethics
-Corporate governance and their applications

Academy Level required by ACCA (The Association of Chartered Certified Accountants):
Bachelor of Commerce (Honours) - 3 years

Career Prospects for Commerce cum ACCA programme
• Accounting
• Corporate Reporting
• Corporate Finance
• Financial Management
• Assurance Services
• Treasury
• Taxation
• Business Consultancy
• Finance
• Risk Management
• Corporate Advisory
• Financial Analysis

ACCA Qualification
The ACCA Qualification will help your career progress in any organization. It's an established route to professional status and you get to use the 'ACCA' letters after your name upon successful completion. Globally, employers will understand and respect your qualification. You will be in demand for your finance and accounting knowledge and skills worldwide, regardless of employment sector.
ACCA has been around for over 100 years, which means ACCA growth is backed by a solid history ACCA reputation for excellence in qualifications and training is acknowledged around the world, which will have a positive impact on your reputation in the profession. And with students and members in over 1 70 countries, you can register with ACCA no matter where you live or work.

International Accounting Standards
ACCA qualification is based on international accounting standards and global best- practice performance management systems. For instance, in some markets we offer adapted papers in financial accounting and auditing, and variant papers that test local law and tax. So going global doesn't mean that one size has to fit all. Pick and choose from optional, variant and adapted papers safe in the knowledge that the end qualification will be of one globally accepted standard.

3 years' practical experience
Passing the exams is a huge achievement. But it's only half the story. You will also need to gain three years' practical experience before, during or after your studies to achieve membership. The ACCA Qualification links practical experience to the syllabus, reinforcing that any capabilities - developed through the exams process - have a clear application in whichever accounting work environment you choose.

Professional Ethics module
Accountancy is in the news. The decisions made by finance professionals have a profound effect on the organizations they work for. Your ethical fitness will be at the heart of your learning experience with ACCA. Through the exams, practical experience and a dedicated Professional Ethics module, we'll teach you what it means to be a professional accountant.

Becoming a qualified accountant
ACCA will also provide you with additional opportunities on the way to becoming a qualified accountant. Having regrets not completing an accounting degree? No problem. Through ACCA unique partnership with Oxford Brookes University, you can gain a BSc Honours degree in Applied Accounting either while you complete your ACCA studies or after gaining your ACCA Qualification.

English language skills
Do you need to further enhance your financial English skills? English language skills are rapidly becoming essential in a globalising business environment. ACCA is working in partnership with Cambridge ESOL (English Speakers of Other Languages) - part of the University of Cambridge - and together have developed an International Certificate in Financial English (Cambridge ICFE). Achieving this qualification will help you to demonstrate your proficiency in the international language of finance.

ACCA Qualification
The ACCA Qualification is designed to provide the accounting knowledge, skills and professional values, which will deliver finance professionals who are capable of building successful careers across all sectors,

In order to qualify as an ACCA member any individual registering on the ACCA Qualification after 1 January 2007 will be required to complete:
- 14 exams (nine of which are eligible for exemption)
- Relevant practical experience, with a minimum of three years
- An online Professional Ethics module.

ACCA Qualification.
> Minimum entry requirements
Two A Levels and three GCSEs or equivalent in five separate subjects, including English and Mathematics.
Normally aged 18 years and above

> Graduate-entry route
Relevant degree holders from ACCA- accredited institutions may be exempted from all nine exams within the Fundamentals level and register directly at the Professional level. Degrees with some relevance may also qualify for exemptions.

> Mature Student Entry Route (MSER)
No academic qualifications required
Must pass Papers F2, Management Accounting and F3, Financial Accounting within two years before further progression to the ACCA exams is permitted.
Normally over age 21

> Access to ACCA via CAT qualification
No academic qualifications required
Complete Certified Accounting Technician (CAT) qualification first and then transfer to
the Skills module of the ACCA Qualification by claiming exemption from the first three papers in the Knowledge module.

> Other exempting qualifications
Certain higher education and professional qualifications will be assessed for exemptions.

Exemptions from ACCA exams
The number of exemptions you can claim will depend on how closely your previous qualifications match the content of the ACCA syllabus. For example, if you have completed a relevant degree from an ACCA- accredited university, you may be eligible to claim exemption from up to all nine exams within the Fundamentals level. No exemptions are available from the Professional level. Visit www.accaglobal.com to check what exemptions you may be eligible for.

How long will it take to qualify?
It depends. The ACCA Qualification is designed to be flexible. Although we would always recommend you to complete the practical experience along with passing the exams, it's up to you to decide how you study, how often you sit for exams and where and how you gain your relevant practical experience. You can take a maximum of four exams every six months and combining this with working full-time would also mean you are simultaneously gaining the practical experience required for membership.
On an average, an individual registering with the minimum entry requirements, working full-time and studying on a part-time basis would take approximately three to four years to gain their ACCA Qualification. However, depending on your previous qualifications and relevant practical experience, you can complete the qualification much more quickly. A graduate with a relevant degree and a couple of years of relevant experience could complete the qualification in as little as one or two years.

Memjber benefits
ACCA offers lifelong learning opportunities aimed at enhancing the skills of financial managers and accountants. These include:
career development through the guidance and recruitment tools provided for members
access to lifelong learning through ACCA portfolio of further qualifications and courses for personal and professional development, including

a specialist MBA networking opportunities with likeminded professionals through members' networks, seminars and conferences

a monthly members' magazine - accounting & business - and free copies of advisory booklet and technical updates
access to services relevant to your business and leisure activities.