ACCA – The Best Way to Embark on a Career in Accountancy
- March 1, 2016
- Posted by: admin
- Category: Student Tips
Want to boost your career with the right qualification? ACCA definitely fits your requirement.
What does ACCA stand for?
ACCA is an acronym for Association of Chartered Certified Accountants. The qualification for this international accountancy body is based on international accounting and auditing standards.
It is, for this reason, ACCA qualification is globally recognised and trusted. Not only in Dubai, this qualification opens opportunities worldwide in any aspect of finance or management, and in any industry.
When you qualify ACCA in Dubai, UAE, you will be equipped with a wide range of skill-sets. From audit and assurance, financial management, strategic planning, leadership, ethics to problem skills are some of the topics in the course.
Why opt for ACCA course?
- You get specialised knowledge in finance and accounting
- You are equipped with a range of skills including strategic thinking and problem-solving
- You get better equipped for the taking up the challenges of practical world
- You get better salaries, professional status and authority
- You are a part of a prestigious global professional body
- You are entitled to use the letters ACCA after your name
- You can work globally as it is internationally recognised
ACCA syllabus at a glance
The ACCA qualification is divided into two levels, Fundamentals and Professional. The Fundamentals level has altogether 9 papers in total. The 9 papers come under two modules, Knowledge and skills.
F1: Accountant in Business
F2: Management Accounting
F3: Financial Accounting
F4: Corporate and Business Law
F5: Performance Management
F7: Financial Reporting
F8: Audit and Assurance
F9: Financial Management
The professional level comprises of altogether 5 papers in total out of which three papers are in the Essential module. And from the optional module, you need to clear two papers.
P1: Governance, Risk and Ethics
P2: Corporate Reporting
P3: Business Analysis
Options (two to be completed)
P4: Advanced Financial Management
P5: Advanced Performance Management
P6: Advanced Taxation
P7: Advanced Audit and Assurance
The minimum pass marks for both Fundamental and the Professional level is 50%. The exams are held in June and December every year.
ACCA offers exemptions to students who have studied other significant qualifications. This means you can begin your ACCA courses in Dubai at a level which matches with the knowledge and skills acquired from your previous learning. Also if you have gained any additional qualification after enrolling in ACCA, you can claim for further exemptions.
A student can be awarded an exemption of maximum nine papers at the Fundamental level of the ACCA qualification. ACCA does not provide any exemption at the professional level. Also, no exemption is offered on the criteria of work experience.
A lot of students in the Middle East and other parts of the globe opt for the ACCA qualification. They know they will be better equipped with knowledge, experience and skills to propel in the professional world.
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