ACCA Courses in the UK: Everything You Should Know

ACCA is a widely respected accounting qualification and is in high demand around the world. It has made it possible for finance experts to pursue prosperous careers wherever in the world. There are currently 179 countries in the world where ACCA members and students are present.

For chartered certified accountants, living and studying in the UK offers more job opportunities and future careers. There are numerous additional benefits to taking ACCA courses in the UK. These are the following:

• You can finish the ACCA ahead of other comparable exams, such as the CA.
• Pursue articleship while taking exams, giving yourself more flexibility.
• The ACCA course has the same skill level in both domestic and foreign markets and is comparatively simpler to finish.

Before we move on to discussing the potential after ACCA courses in the UK, let’s quickly check the fundamentals of ACCA. 

What is ACCA?

ACCA is the most progressive professional accounting organization in the world. It is renowned for offering a variety of accounting degrees and courses across the globe. 

An inclusive community of more than 247,000 members and 526,000 prospective members in 181 nations, ACCA members rank among the most highly qualified and in-demand accountants globally. 

Additionally, they are in high demand across many industries, providing ACCA members with a wide range of work options. 

What does the ACCA syllabus include? 

Students who complete the ACCA Qualification will have the most recent skills required to work in finance and business.

In addition to a module on ethics and professional skills and 36 months of hands-on experience in a relevant financial or accounting function, the program consists of three exam levels.

Below is a summary of each level and what they cover. 

• Applied Skills: This serves as an introduction to the finance and accounting industries, giving you a thorough grasp of the fundamental accounting concepts, including financial accounting, management accounting, and efficient corporate operations.
• Applied Knowledge: You will get the solid, hands-on abilities that make up the toolkit of a strategic finance professional at this level, including auditing, financial reporting, and taxation.

• Strategic Professional: All outstanding companies and financial leaders require the dynamic talents and strategic vision that the ACCA’s last level will impart to you. You can also specialize in areas that best fit your career goals with strategic professional examinations.

ACCA Career Opportunities in the UK

As ACCA is a globally recognized diploma, there are a plethora of opportunities that lead to many professional paths.

Once an ACCA has met the requirements, they are eligible to work in any of the roles listed below:

1. Accounting: To enhance an organization’s performance, an accountant organizes, categories, evaluates, oversees, and preserves financial transactions. They also compare them to past times.
2. Assistant Accountant: An assistant accountant works with several teams to complete large projects and provides help to the senior accountant.
3. Management Accountant: To promote growth and profit, a management accountant counsels managers on the financial effects of corporate actions. They are in charge of creating financial statements, budgets, reports, and commentaries.
4. Tax Accountant: The responsibilities of a Tax Accountant include tax analysis, preparation, submission, and management of tax returns and statements for clients and businesses.
5. Trainee Accountant: A trainee accountant performs everyday tasks that enable him to have a greater understanding of the company environment.
6. Financial Accountant: A financial accountant is in charge of managing an organization’s finances and accounting. They examine the company’s financial stability and notify the pertinent company departments of the changes that can be made to enhance their performance.
7. Forensic Accountant: They monitor fraudulent activity within the accounting industry. It is their responsibility to use their expertise and abilities to support the efficient operation of business.
8. Fund Accountant: For the companies they work for, fund accountants maintain all parts of fund accounting in order. Among their duties include the preparation of financial reports, oversight of transactions, and monitoring of interest rates and yields.
9. Group Accountant: Group accountants oversee the month-end accounting procedures for the company. They create monthly management reports, which serve as a comparison point between one month and the next. It is one of the famous ACCA jobs in the UK. 

Universities Offering ACCA Courses in the UK

Compared to other courses or degrees, getting admitted to the UK to pursue an ACCA education is comparatively easier. As part of the screening procedure, you must provide documentation of your fluency in the English language and show up for a visa interview. 

• London School of Business and Finance
• University of Brighton
• BPP University

If you wish to avoid traveling time and focus mostly on studies, think of enrolling in Mirchawala’s Hub of Accountancy. It is a renowned online ACCA course provider in the UK. 

Do you have any further inquiries concerning taking ACCA courses in the UK? Contact us to talk to our ACCA experts to get all your questions answered about the ACCA course by Mirchawala, costs, and other matters. 

The market is quite competitive for qualified ACCAs. A wide range of career opportunities enables ACCA members to begin their careers in this industry. ACCA is becoming one of the most sought-after courses in the nation thanks to its many features and strong passing percentage.

The course can incorporate as many students as feasible because of its worldwide recognition. Equal possibilities are thus created for individuals from a variety of backgrounds.

Frequently Asked Questions (FAQs)

Q: Who should enroll in ACCA courses?

Ans: Because ACCA takes less time than other well-known courses, it is a good option for those who want to begin making money as soon as feasible. ACCA is an ideal choice for someone who wants to add a degree to their resume in addition to courses like CA, CS, CMA, CFA, etc. because it has a global impact on candidates’ careers.

Q: Is ACCA worth it in the UK?

Ans: However, according to the Hays Accountancy & Finance Salary Guide 2022, an individual with an ACCA qualification could expect to make between £38,000 and £48,000 in the UK annually. With the right experience, you may make up to £100,000 or more! 

Q: What are the requirements to study ACCA in the UK?

Ans: Two A-Levels and three GCSEs (or their equivalent) are the minimal prerequisites for admission to the ACCA Qualification. These must be completed in five different topics, including math and English.