INTRODUCTION:
ACCA in Nepal itself opens the doorway to a bundle of career opportunities from various local as well as international industries and businesses. Some aspirants and professionals of ACCA in Nepal are still very determined to pursue an additional degree along with ACCA. The major reasons behind this decision are the increased career opportunities, career progression, and senior-level roles. An additional degree makes your academic background strong and adds more value to your professional profile. Now, the main concern is the selection of the degree, as each qualification offers a distinctive career pathway; students find it difficult to choose the one that fits well with their future goals.
Are you in the same boat, trying to figure out which qualification compliments your and future aims? This guide will help you to find answers to all the queries regarding degrees boasting ACCA career in Nepal.
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B.Com (BACHELOR OF COMMERCE) AFTER ACCA:
Opting for B.com after ACCA in Nepal is ideal for students who aim to achieve academic recognition through an easier pathway, a degree that is equivalent to graduation. The major reasons that make this qualification attractive for aspirants are that the qualification is easier to complete, as aspirants can accelerate their academic journey by availing exemptions on certain exams of B.Com. Other than that, the qualification adds a ‘degree’ to your academic achievements, making your academic profile stronger. Lastly, the B.com qualification is more affordable in terms of financial obligations in comparison to CA or BBA.
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The qualification might offer these benefits but it is not the most likable qualification to take after the prestigious qualification of ACCA. The skills offered in the courses of b.com are very limited. However, aspirants who are focused to opt a quick, easier, and affordable degree after ACCA in Nepal to enhance career progression and opportunities, b.com qualification is the right choice for them.
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CA (CHARTERED ACCOUNTANCY IN NEPAL) AFTER ACCA:
ACCA in Nepal offers global recognition, whereas the nature of CA is a bit different as it offers recognition within the region. This way, the candidate’s academic qualifications are well recognized in the local market as well as the international job market. The advantage of this qualification is that the national recognition of CA through ICAN provides you with the license to offer your auditing services/ practices and sign financial statements. Additionally, the local networking groups of CA are very strong, including online forums, and the Nepali business sector offers better professional relations within the region. Lastly, doing a CA after ACCA in Nepal can boost your career progress as both qualifications complement one another.
The cons of having ACCA career in Nepal through the CA route are that CA can be time consuming especially if you need to fulfill all the requirements. The qualification is not as easy as B.Com, therefore, students have to put in their best efforts. Lastly, this route way of CA after ACCA can help you in building a strong career in Nepal’s audit, finance, and taxation.
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BBA (Bachelor’s IN BUSINESS ADMINISTRATION) AFTER ACCA:
BBA is a very common and popular qualification for the business sector that can be opted for by individuals who aim to work in management, business leadership, and entrepreneurship. The qualification covers a broad range of areas such as human resources (HR), operations, strategy creation, etc. This qualification is ideal for students who aim to do an MBA to further accelerate their academic journey. BBA promotes interactive discussions and sessions that equip you with soft skills like good communication skills, teamwork, collaboration, leadership skills, etc.
The usual problems or challenges faced by professionals of ACCA in Nepal during BBA qualification are costlier financial obligations, duration of qualification (four years long program), the knowledge might overlap with your academic background. Opting BBA after ACCA can open the door to many opportunities of ACCA career in Nepal in the business management, entrepreneurship, or corporate strategy, etc.
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WHAT SHOULD YOU CHOOSE: AN OVERVIEW
- If you want a quicker and easier academic degree that will add the title of graduate to your academic profile, go for B.Com.
- Students who aim to get deeper knowledge and enhanced career prospects in the accounting sector of Nepal can go for CA after ACCA.
- Those who wants to expand their career in business leadership, management, or relative roles can do BBA, they can further enhance their achievements by doing MBA as well.
CONCLUSION:
Each degree or qualification you choose after completing ACCA will lead you to a unique or specialized pathway; this academic enhancement will also positively affect your professional growth. Therefore, every individual can assess what each qualification offers and see which degree aligns with their future goals. Students are advised to look at all the important factors while choosing the degree they want to pursue, such as personal interest, career goals, and time availability. The qualification of ACCA in Nepal itself has built a very strong academic foundation for you, now you can strategize your future steps and produce effective results.
FREQUENTLY ASKED QUESTIONS:
Q1: Is it necessary to pursue an additional qualification after ACCA in Nepal?
A: No, it is not a requirement to choose a further qualification or degree after ACCA, however, students take these qualifications for enhancing their academic achievements that results in professional growth. This growth is in the form of better job opportunities, career progression, senior roles, etc.
Q2: Am I eligible for exemptions from CA and B.Com after doing ACCA?
A: Yes, if you are an ACCA affiliate you can avail certain exemptions in B.Com and CA, the number of exemptions are not predetermined and differs from person to person.
Q3: How long does it take to complete each degree in Nepal after ACCA?
A: After completing ACCA, you can take degrees like CA, BBA, or B.Com; the duration of each degree is different. B.Com can range between 1 to 2 years, CA can range from 3-4, and so does BBA.
