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Where will ACCA take me?

May 27, 2015
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career after ACCA

“What topics do I have to study to complete this course?”

Before taking up any course you should know what topics you would be exposed to and if you are comfortable with studying those topics. Do they build an interest? Does it get you fixed to your books? It is necessary that you and the subject matter feel comfortable with each other. So first of all I am going to tell you about your subject matter and the topics that you would be covering to become an ACCA.

You have to sit for two levels of exams namely Fundamentals and Professionals.

The Fundamental level

It consists of two modules: Knowledge and Skills.

The Knowledge module:

There are three papers in the Knowledge module which focuses mainly on financial and management accounting.

• Accounting in Business

• Management accounting

• Financial Accounting

The Skill Module:

There are six papers in the skill module that cover technical areas that all accountants must know.

• Corporate and Business Law

• Performance Management

• Taxation

• Financial Reporting

• Audit and Assurance

• Financial Management

The Professional level

It consists of two modules essentials and options.

The essentials module:

You have to clear all the three papers

• Governance, Risk and Ethics

• Corporate Reporting

• Business Analysis

The Options module:

You have to choose two papers out of the four subjects. Any two can be taken.

• Advanced Financial Management

• Advanced Performance Management

• Advanced Taxation

• Advanced Audit and Assurance

“What would be the bend of your career? What designation would you acquire?”

Taking up ACCA requires effort and devotion of time and to be unsure of what you’d qualify for, after completing the course is a mistake. Thus, as soon as you are done with your ACCA exams you are eligible to take up any of these careers:

Chartered Accountant:  A Chartered Accountant is one that manages all the accounts of the firms, audits and also takes care of taxation. He is basically an all-rounder. You took up the course to become one and as soon as you pass all the papers you become one. You are free to practice it from home or join a firm or set up your own firm. You have been certified and accepted as one of the most prestigious and respected Chartered accountant of all time.  An accountant is a designation no one can steal from you now!

Financial Accountant:  A financial accountant’s job is to manage accounts and all the financial incomes and outcomes of a company along with advising the firm on finance related topics. Accountancy is on the tips of your hands and using them in the financial sphere is a great opportunity to enhance your career. Once you are done with the ACCA you can apply and take up financial accountancy designating yourself as a financial accountant.

Auditor: An auditor goes through the made accounts and the balance sheets of a company and reviews it for any mistake. He is like an editor of accounts. He too has to act as an investigator so as to try and find the smallest of mistake. After solving gazillion questions on auditing you are more than good enough to become an auditor, irrespective of being an internal auditor or an external auditor. The ACCA anyway trains you and specialises in auditing so any job that does not require you to audit (except signing off documents) is not for you.

Management Consultant: A person who works as a management consultant aims at solving the management problems or any other existing problem in the firm. It advices and gives his suggestion on important matters in the firm. He acts as an answer to all problems. The firm seek its advice while formulating the plan for the company. After utilising your intelligence and intellect to such a high level, you are eligible to become a consultant. You can depart knowledge and help people decide what is good for them. Management being an important section of your ACCA course, you can now pursue consultancy as a job.

Tax Consultant:  A tax Consultant deals with matters related to corporate tax and other types of taxes are taken to him. He coordinates all the matters relating to taxes and subsidies along with all government related matter. Tax is a vital section of the whole program and to not specialise in it would be a blunder by the candidates that enjoy taxation. You can easily become a tax consultant, work with MNC’s or SME’s and build a great future using taxation as the base.

Now that you are aware of the course and the careers that can be taken up after completing your ACCA, I think you can undoubtedly enrol to give your ACCA exams. Wishing you luck! You can enrol with us to be trained for the upcoming ACCA exams.


About the Author

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