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.  

The Importance of Continuous Education in Healthcare

 The healthcare industry is demonstrating high growth rates in both developing and developed regions around the world. The Bureau of Labor Statistics (BLS) projects that the healthcare and national assistance sector will grow at an annual rate of 2.6% between 2012 and 2022, adding five million jobs. But will the people filling these vacancies be the highly skilled and motivated staff members the healthcare sector is probing for so urgently? Consistent with a PWC survey, healthcare CEOs see the availability of skilled staff joined of their top five key risks. 

ecadema offers professional classes by healthcare professionals with high-quality continuing education to leverage excellence in healthcare performance. 

Continuous education in healthcare is the key

Even though 75% of CEOs worldwide say that a talented, educated, and adaptable workforce should be a government/business priority, there’s a growing lack of experienced and well-trained staff within the healthcare environment in many regions around the globe. To counter this trend, there’s a requirement to boost awareness that education doesn’t come to an end once people are in the middle of their professional careers. Since the healthcare industry is continuously evolving, technologies considered best practices today can change drastically in exactly a decade. That’s why care providers should regularly maintain new techniques and technologies to expand their knowledge and skills, suggesting continuous education isn't a nice-to-have but an absolute necessity for any healthcare professional who wants to supply high-quality patient care. 

Highly skilled and educated staff always pays off

The advantages of investing in continuous education are obvious: highly skilled staff, high staff retention, magnificent reputation, optimized financial performance, better patient outcomes, less medical malpractice lawsuits. 

The disadvantages are equally obvious: by not investing in their personnel, medical institutions risk losing their experts to other employers. 

And losing out on valuable knowledge gains can cause inefficient system usage, frustrated users, and dissatisfied patients – and consequently to higher costs, wasted time, and image loss. 

So this raises the question: Why isn’t every hospice integrating continuous education into their everyday quality landscape? Maybe because continuous education continues to be mentally linked with employees being away, course fees, traveling and accommodation costs, and more. 

Many online platforms are available that provide continuing education in healthcare, one such is ecadema which provides certification in various fields keeping the interest of learners alive and agile through its online professional trainers who are well-qualified and professionally trained in their field of teaching. 

The Changing Concept of Learning

The era of pure classical classroom pieces of training is certainly over. Supported lectures, the normal approach involves time away and implies that not every employee has access to identical learning content. Our time is that the era of flexible e-learning for continuous education. It allows the whole staff to realize the identical level of data directly at their workplace and enables every member to deliver safe, effective, and high-quality patient care.  

We all know that the medical community is knowledgeable and driven and staying up to this point is crucial. But we also know that it’s an awfully busy environment and time for education is scarce. For several hospitals and practices, it’s also a challenge to send employees to training centers thanks to budget cuts and understaffing. Sending employees to attend training courses for some hours or perhaps days can make work planning a challenge. With colleagues having to square in, it also creates overtime. E-learning helps institutions of any size solve these issues, by allowing caregivers to coach more efficiently at their convenience and without having to depart work and also curbing costs. 

Staying on top of changes and advancements – with e-learning

It’s a proven fact that people nowadays are very mobile and spend longer time online than ever before and this lifestyle trend is growing day by day. That’s one of the explanations e-learning may be a booming industry. Consequently, the e-learning market in healthcare also will still grow. Because when it involves learning and knowledge needs, medical professionals (like everyone else) will first intercommunicate online platforms – providing the content is efficacious and up so far.

One way to always be top of the rapidly changing and growing healthcare market is to implement a business strategy that maximizes the synergies between lifelong learning and workforce productivity. Research has shown that e-learning proves to be superb thanks to achieving quality ends up in a brief timeframe. Learning which is delivered online, within the context of continuous education, should therefore be considered a strategic part of training and education plans for healthcare professionals. 

Continuous education with e-learning can help keep learners’ interest and motivation up since the educational units are often enhanced with videos or interactive elements. These are often paused and continued later on; or repeated until the participant has fully grasped its essential. The latest evidence also suggests that e-learning is more efficient in most cases because learners gain knowledge, skills, and attitudes faster than through traditional instructor-based methods – translating into improved motivation and performance. 

Conclusion

The healthcare industry could be a very competitive environment, and clinical institutions need to deliver an even higher quality of care while staying within budget. A talented and motivated staff that’s always up-to-date with the newest developments in techniques and technologies may be a huge competitive advantage. In keeping with Deloitte’s Human Capital Trends survey from 2016, senior executives see learning as the 5th place within their top 10 trends with 84% of the responders saying learning is incredibly important for them.  

ecadema, an interactive online learning platform offers certified trainer programs to freelancers, enabling them to kickstart their online careers through shaping their digital skillsets. 

ecadema provides them with the knowledge to become successful freelancers to navigate the difficulties of the online freelancing world. 

E-learning is a modern learning approach, supported by the newest technologies.  

E-learning keeps staff up-to-date regarding the newest developments

having a positive impact on healthcare organizations by helping them be according to legal demands and new patient populations through highly educated staff reduces training budgets and costs and makes human resources, recruiting, selection, and onboarding more manageable. 

More read :https://ecadema.medium.com/best-online-learning-platform-for-corporate-training-ecfbc40228b4

What is CIA Certification and Who is it For?

 What Is CIA Certification?

CIA stands for The Certified Internal Auditor, international accreditation for professionals, bestowed by the Institute of Internal Auditors (IIA). For 40+ years, this certification has been recognized as the “gold standard” accreditation. By earning this acclaimed certification, professionals demonstrate their comprehensive competence and professionalism in the internal auditing field.

Advantages of CIA Certification: Globally recognized certification

There are a plethora of benefits of earning CIA certification, which includes opening paths to a number of career advancement opportunities for you within the internal auditing field besides increasing your skill bank.

Earning a professional internal audit credential like Certified International Auditor with ecadema, helps you to distinguish from your peers and make you stand out among the crowd:

• Enhance credibility and respect.

• Sharpen skills and upgrade proficiencies.

• Increase advancement and earning potential.

• Demonstrate understanding and commitment.

• Improve your internal auditing skills and increase your knowledge helping you become subject-matter experts.

• Enhances credibility and prestige in your field.

• Increase your earning potential

 

Certified Internal Auditor is a valuable addition in your profession, where auditors can perform various job roles of their careers—including chief audit executives, audit managers, audit staff, and risk management staff.

The CIA Exam

To earn CIA certification, a three-part CIA exam must be cleared, sled with meeting the IIA’s eligibility and education requirements, and pay all applicable CIA program and exam fees.

The three exam parts are:

Part 1: Internal Audit Basics

Part 2: Internal Audit Practice

Part 3: Internal Audit Knowledge Elements

Similar to other accounting designations, this exam is also a computerized exam. Candidates must take the exam in one of the 500+ Pearson VUE centers around the world,  offered in 16 languages.

Why Pursue the CIA?

• High-paying Salary

CIA credentials expose you to increased career-advancing opportunities and increase your earning potential.

• Helps you to become an expert auditor:

Become a credible, trustworthy expert, apply the International Standards for the Professional Practice of Internal Auditing.

• Make you a strong competitor:

Becoming a CIA differentiates you from your peers and puts you ahead in your career as compared to no-CIA designators.

What Does the CIA Certification Require?

For CIA exam eligibility, any person with a bachelor's degree in any field is eligible. Candidates must also have at least two years of internal audit experience to earn this internationally acclaimed certification, an important step toward demonstrating your core internal audit skills.

And if a student is interested to pursue CIA designation without earning a bachelor’s degree, then he/she may require up to seven years of work experience.

Candidates earning their CIA certification must abide by The IIA Code of Ethics and regulations.

Get Your CIA Certification and Upskill your career

The CIA exam is followed by 3 parts and follows its own syllabus. Studying time to pass the CIA exam usually takes a total of 100-150 hours for all three parts. 

If you are ready to advance your career, ecadema, an online interactive video-lecture delivering platform can help you to achieve your career goals. Interested students may find a trainer who is CIA certified and industry-experts for years. Our e-learning platform has been helping students pass the CIA exams for over three years now and our onboarded trainers help you to prepare you to pass the exams on your first attempt. 

What Does the Certified Internal Auditor Exam Cover?

To become a certified internal auditor, candidates need to attempt 325 multiple-choice questions in 6.5 hours.

• Part one emphasizes the essentials of Internal Auditing. 

This section tests basic skills like an in-depth understanding of concepts like internal auditing, risk management, and financial control. Assessment is also based on specific industry standards and principles related to audit management, consulting, and quality assurance in conformance with the International Standards for the Professional Practice of Internal Auditing

Time limit:150 minutes(maximum time allotted for any section)

• Part two covers the internal auditing practice p[ertaining to compliance 

60% of this section's content consisted of audit Managing, planning, and communicating the results. Performing internal audits proficiency is assessed.

Time limit:120 minutes required to complete

• Part three includes business acumen-related auditing. 

Topics covered are business acumen, financial management, information security, and information technology. 

Time limit:120 minutes required to complete.

Candidates can choose to appear and complete all three parts or sections in one attempt. After registering for an exam section, candidates get 180 days to complete it and earn this reputable accreditation and 3 years are allowed to complete the exams.

Are you an accounting professional or student who wants to upskill your career or education in internal auditing?

Globally, demand is exponentially rising for Internal auditors in nearly every vertical. Enrolling with ecadema to earn your Certified internal auditor (CIA) Certification, helps you to reach the top of the corporate ladder in the Audit field. Considering its importance and reputation, it is recognized as a single-handed recognized certification in the world. Book your trainer today to get access to professional audit courses. 

5 in-demand jobs in supply chain management graduates can consider

 Supply chain management- Understanding Concept

Supply chain management is all about logistics management— as it is all about the production, shipment, and distribution of products from one place to another. Logistics covers every step from inventory to sales, becoming a vital element to any business that makes and sells products.

ecadema, is an interactive online learning platform for professionals, offers trainers for supply chain management courses, developed by top industry experts and applied in large overseas companies for procurement and supply chain professionals to update their knowledge of current supply chain technologies, prepare companies for the implementation of the most recent supply chain systems and implement strategies to transform global supply chains.

Professionals in this field need to ensure that every step is completed on time and within budget. There are several key components of the overall supply chain and logistics process, including:

• Investment recovery

• Distribution

• Inventory control

• Logistics

• Manufacturing supervision

• Materials management

• Packaging

• Procurement and purchasing

• Product and service development

• Quality control

• Receiving

• Strategic sourcing

• Transportation and shipping

• Warehousing and storage

It is essential for most professionals in the field to have a fundamental understanding of the entire supply chain system and how different positions work together.

Economic global crisis due to the pandemic has pushed more focus on supply chain management. As global crises are troubling the industry, it needs competent, creative, and adaptable professionals who can handle unpredictable circumstances in these gloomy times. The entire operation of logistics ends on delivery and starts on production, which requires professionals to exhibit skills such as project management, risk assessment, workflow optimisation, and even data analytics in some cases. 

According to the Association for Supply Chain Management (ASCM), supply chain management jobs record positive salary growth over the course, companies are considering qualified professionals. 

So, Supply chain management could be a potential career choice, if one is keen to work in a sector combining logistics, business, and management.

Project risk management workshop at ecadema, helps you to keep yourself up-to-date in key innovations within supply chain management and global logistics, including analytics and advanced technology usage. Attending this workshop will transform your career and make you a much more knowledgeable professional!

Graduate jobs in supply chain management

1)Logistics:

Without logistics, there would be no supply chain industry. Simply, logistics refers to the transportation, storage, and flow of goods within the overall supply chain movement. Logistics is a narrow term whereas supplychain is a broader term as logistics comes under the supply chain processes.

Whether you’re an analyst or playing a managerial role, you are expected to identify hindrances in supply chain processes and take active steps to suggest improvements. 

One can thrive in this role, if he/she keeps a big picture mindset to be able to see through the entire operations. Timeline is crucial here, as slight delay can throw product delivery schedules off-course.

2)Purchasing Agent or Manager

If your inclination towards supply chain management business role, then this role seems to be a perfect fit. Manager holds accountable for every purchasing decision related to large quantities of company goods or equipment or equipment needed for transport operations.

Purchase manager requires excellent communication, negotiation skills, and client relations to excel in this field. Communication channels needed to be set-up for contractors, suppliers to prepare purchase orders followed by sending bid proposals to vendors, in addition to securing contracts for hassle-free supply chain processes.

3)Materials Data Analyst:

A Material analyst ensures a smooth flow of goods between supply chain distribution chain, ensuring material inventory is up to date and acquiring sufficient raw materials to maintain according to annual plans.Inventory management, schedules, making sales predictions need to be coupled with the other supply chain management processes.

Big data analytics are gradually altering the landscape of logistics with advancement of statistical methods and are now being implemented industry-wide to improve outcomes in supply chain challenges. 

4.)Data Analytics:

Supply chain analytics are also coupled with automation software through artificial intelligence (AI) to better anticipate changes in the production flow and maximize productivity. Employing AI in the supply chain field leads to improved output, while simultaneously reducing costs and eliminates the chances of human error in product delivery.

5.)Supply Chain Engineer

Supply chain management field jobs can never be said to be complete without the mention of engineers. This job role requires knowledge of information technology, and logistics to optimize supply chain operations in a scalable manner to meet customer demand. 

Supply chain engineers work in verticals like manufacturing, warehousing, or transporting, assisting in streamline the distribution of goods during the process through well-developed algorithms. 

Supply chain risk management workshop, organized by ecadema,  develops your capacity to implement new technologies in supply chain, learn the principles of the management systems and their purpose, develop the ability to support and suggest new technologies to improve the efficiency of companies’ supply chains. 

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.