Reasons to study the ACCA Qualification

 While thinking about setting up a career in accounting and finance, it is very important to look out for professional certifications and qualifications that can be helpful in your career path. Some people like to play with numbers and this choice directs them to choose a career in Accounting or Finance. Making a great decision would be tough as the booth looks similar but this blog will help you to uncover which degree to earn, as the fields overlap. 

Talking about the professional qualification leads to ACCA qualification. 

ACCA  is a highly recognized accounting certification across the world designed to equip its members with the accounting knowledge and skills needed to thrive and succeed in the fast-paced accounting industry. 

ecadema provides an ACCA qualification program that includes workshops, webinars, and learning sessions across its online learning platform where they have multiple professional trainers. 

What is Accounting & Finance? 

Accounting involves the detailed preparation of financial statements i.e an exact mathematical calculation. Exactly makes you aware of where the money comes in and where it goes out. Helps you with your cash flow and making a budget. If you want to know how many bills you’re going to pay for this month and next month, and your further bills.

Accountants need to handle a lot of detailed paperwork in order to manage the cash flow for a company.

Accounting further can be categorized as :

• Public Accounting

• Tax Accounting

• Auditing

Finance is a broader term. Financial statements need to be evaluated and this job requires you to understand the financial situation of the company whether the company is going in loss or making profits? Finance decisions always help to invest and spend money wisely.

Finance is further categorized as:

• Traditional Finance

• Financial Planning

ACCA Overview

The contents of ACCA qualifications are maximum of 15 exams, the Ethics and Professional Skills module, and the 36-month professional experience requirement. The ACCA curriculum covers accounting topics such as financial reporting, taxation, audit, and strategic business reporting, from beginner to advanced level which helps candidates gain extensive insight and expertise in the accounting sector. After the completion of the qualification, you may join a community of 200,000 to 500,000 as a student across 179 countries. It’s a truly global qualification that’s recognized and rewarded by thousands of employers across the globe. 

Why choose the ACCA qualification? 

While reasons, why aspiring accounting professionals choose to pursue the qualification are many, here are some of the main reasons: 

1. Renowned Certification: The ACCA Certification has recognition in 181 countries and has over 200,000 members and 486,000 students. The main focus of this certification is on strategic thinking, technical skills, and professional values that help individuals develop into innovative, strategic-thinking accountants. The ACCA qualification body has partnerships with multinational organizations, overseas accounting bodies, governments, and organizations such as the World Bank and the United Nations who helped increase its credibility and global recognition.  

2. Accounting Professionals’ Network: Certified candidates become a member of an elite group of the world’s leading accounting professionals, once the ACCA qualification is completed. The ACCA has partnerships with over 8,500 approved employers all over the world working closely with the ACCA body to increase career prospects and opportunities for the members and students.  

3. Comprehensive Curriculum: When developing the curriculum, ACCA takes into consideration emerging trends, legislation, and legal requirements. This qualification helps candidates master key technical and management skills required by a chartered accountant such as taxation, auditing, law, business, financial reporting, and ethics. 

4. Exam Flexibility: Candidates can choose from multiple study options such as classroom training, on-demand, and live online programs. Each program offers candidates unique benefits that will help them balance their work-study needs while ensuring exam success. You can even take exams based on your national tax and law, some of the ACCA levels have an optional examination that offers candidates the opportunity to specialize in a chosen area and in several countries. 

5. Develop your skillset after receiving the certification:

Professionals have access to a range of world-renowned technical and comprehensive resources designed to support one’s professional development (CPD). ACCA professionals receive continuous support and guidance from the ACCA institute even after completing the certification including elements like, 

• Access to accounting jobs adverts. 

• Access to accounting and auditing standards.

• Access to exclusive online and face-to-face learning opportunities and accountancy qualifications from ACCA, as well as from reputable academic and professional partners. 

• Other national accountancy bodies will recognize your member status.

6. Get emotional and/or financial support from employers: Many employers sponsor their employees through their ACCA exams if they do choose to work while they study representing that your employer could cover the cost of your qualification. The ACCA is good because it’s so well-recognized and well-regarded that you’ll have emotional support from your boss even where employers aren’t in a position to sponsor.

ACCA training providers help candidates save costs when preparing for multiple papers, often provide scholarship opportunities to high-achievers and special discounts such as bundle or group discounts that, being a widely recognized and valued program.  

Some providers also offer added benefits such as training by certified professionals, online learning, and exam practice through doubt clearing sessions and mock exams. 

ecadema offers an online professional trainer that will assist you to develop the skills to manage your finances with this online accounting and bookkeeping course. By enrolling with ecadema, you will be able to learn common terms, basic maths and gain the ability to put your knowledge into practice.