Why Pursuing ACCA in the Middle East is a Smart Career Move

The Association of Chartered Certified Accountants qualification became a favorite among all aspiring accountants and finance professionals worldwide. The economic growth of the Middle East, the success of the financial sectors, and the strict set of regulations have increased the demand for ACCA-qualified accountants.

In this blog, we will discuss in detail why ACCA in the Middle East forms an essential part of the region and, through it, how one can progress toward an international accounting profession.

What is ACCA?

ACCA is the international accounting qualification given by the Association of Chartered Certified Accountants. The ACCA course in the Middle East provides relevant financial skills mainly in auditing, taxation, and financial management, among several others, which gives ACCA-qualified students an edge over others.

Why is the Middle East considering ACCA a prestigious certification?

ACCA in the Middle East is becoming an attractive market for many multinational corporations, financial institutions, and investment firms. It does call for a highly qualified professional to handle complex financial regulations and lead businesses to their maximum growth potential.

Some of the reasons that make the Middle East a popular choice for ACCA are as follows:

Meeting the Region’s Growing Demand for Financial Experts:

The Middle East has a rising economy, which requires competent financial professionals who can address international business practices and observe the regulatory framework. In this regard, ACCA professionals have quite essential skills, including auditing, financial reporting, and business analysis, which are incredibly valuable in the modern dynamic market.

Alignment with Global Standards:

The growing international business in the Middle East requires qualified accountants to fill gaps in different regions. Across the region, the application of International Financial Reporting Standards (IFRS) is quite common; hence, the presence of ACCA-qualified professionals becomes essential in companies in case of dealing with international customers. Hence, the demand for ACCA in the Middle East continues to rise.

Benefits for ACCA in the Middle East:

Global Reach:

This is perhaps one of the major attractive features of studying ACCA in the Middle East. It is recognized internationally. Individuals can study the ACCA from any corner of the world and open a gateway to a bunch of opportunities all around the world

High Demand for ACCA Professionals Across Sectors

Various industries actively seek to recruit ACCA-qualified professionals, such as banking, taxation, and auditing, in the growing job market of the Middle East.

Opportunity to Work in International Markets:

ACCA in the Middle East provides numerous opportunities to work in different large and midsize businesses, along with many multinational corporations. This allows an ACCA-qualified professional to excel in their accounting and finance career and reach the stage of self-actualization.

Read the benefits of ACCA in the UAE

ACCA Coaching and Institutes Across the Middle East:

UAE: The Hub of ACCA Coaching in the Middle East:

The UAE is leading the region in providing ACCA coaching. There are several ACCA-approved learning partners in the cities of Dubai and Abu Dhabi. Institutes like Mirchawala’s Hub of Accountancy provide all sorts of learning modes, such as part-time and online programs, which make it easy for students and working professionals to pursue ACCA in the Middle East.

Saudi Arabia: Next Big Emerging Market for ACCA Students:

The new opportunities under Vision 2030 in the economy bring about diversification, bringing with it new opportunities to work as accountants within Saudi Arabia. The government projects and expansion of financial institutions increase the demand for certified professionals, making ACCA coaching in the Middle East more affordable than ever.

Qatar and Bahrain: Emerging hubs for ACCA education:

ACCA also has registrations from the rapidly growing economies of Qatar and Bahrain. The two countries are amazing places to pursue ACCA certification.

Industries that employ ACCA professionals in the Middle East:

Key industries that recruit a significant number of chartered accountants include:

Banking and Financial Services:

ACCA in the Middle East satisfies the obligation and reporting requirements.

Petroleum:

The financial schemes in this sector are a bit complicated, and thereby, skills to manage their financial requirements are much needed. Thus, many petroleum industries in the Middle East hire ACCA-qualified professionals to smoothly handle the financial complications.

Property and Construction:

As the property and construction sectors move forward, exposure to financial activities and thereby a need for ACCA professionals becomes crucial.

Future of ACCA in the Middle East:

The need for ACCA qualification professionals will grow with the growing economies diversification and opening up of new industries in various parts of the world. International businesses are expanding to this region, and investment in the financial infrastructure in various economies is going up; thus, the demand for ACCA in the Middle East is going to increase further with large numbers of students in ACCA certification.

Conclusion:

ACCA-qualified accountants have been proved irreplaceable in the constantly growing market in these sectors through diverse competencies that ACCA builds on professional levels, from mere financial management up to auditing or taxation competencies. ACCA-qualified professionals will help shape the businesses. As for ACCA-qualified professionals, staying in the Middle East is more than a career; it is the gateway to worldwide success in accounting.

Thus, if you are looking forward to starting your ACCA journey in the Middle East, there is no need to think twice.

Happy Learning!

Frequently Asked Questions (FAQs)

Q: What is the ACCA scope in the Middle East?

Ans: ACCA in the Middle East is highly regarded and provides limitless growth opportunities to ACCA-qualified professionals.

Q: Where can I study ACCA in the Middle East?

Ans: You can study ACCA in one of the best institutes in the Middle East, which is Mirchawala’s Hub of Accountancy. The institute is famous for its higher pass rates across the globe, with the faculty having years of experience in teaching ACCA courses.

Q: What is the ACCA salary in the Middle East?

Ans: The ACCA salary in the Middle East is relatively higher as compared to others. However, the ACCA salary packages depend on certain factors, such as job role, experience, industry, and location.