“Are You Planning To Become An ACCA-Certified Professional In Saudi Arabia?”
Choosing such a prestigious qualification can help you build a strong career in the financial sector. If you have chosen this academic path, started it already, or are halfway there, this virtual guide will help you get more clarity about the complex academic structure of this qualification.
This qualification undoubtedly offers very secure and diverse career pathways, but the ACCA syllabus and requirements for this qualification are unique. This qualification not only requires aspirants to have a wealth of comprehensive knowledge about diverse accounting and finance areas but also demands that they equip themselves with technical, ethical, and analytical skills. Additionally, it binds aspirants to gain practical experience, take ethical and professional skills modules, etc.
To become an ACCA-certified professional aspirant needs to fulfill all the academic requirements, as overlooking any of these can cause failure. Continue reading the guide ahead to get more clarity about the process of becoming an ACCA-certified professional.
Process To Become An ACCA-Certified Professional:
1: Meet Eligibility Requirements:
To start your journey to become an ACCA-certified professional, first, you will need to register with ACCA in Saudi Arabia. Therefore, check if you meet the eligibility criteria, which completely depend on your academic history. If you are a high school graduate, you can begin your ACCA journey through the FIA route; whereas if you have graduated in the relevant domain, you can apply for exam exemptions.
2: Register With ACCA:
Once you have checked the eligibility criteria and chosen your academic route, it’s the right time to register with ACCA to officially start your academic journey. You can register online through ACCA Global’s website by filling out the application form, submitting documents, and paying the registration charges.
3: Plan Your ACCA Journey:
The number of ACCA modules is thirteen; these modules are divided into three levels (Applied Knowledge, Applied Skills, and Strategic Professional). Each ACCA course in Saudi Arabia covers a different area of accounting and finance, providing comprehensive knowledge and technical skills to solve related issues.
Before taking ACCA exams, aspirants should plan their academic journey, as the qualification is quite flexible and allows aspirants to take exams in four sittings annually with the modules of their own choice. If the academic path is planned effectively and the aspirants follow it consistently, they will be able to accelerate their academic journey and achieve success in cracking ACCA exams.
4: Complete Work Experience:
After the major requirement of achieving success in ACCA exams, another key requirement to become an ACCA-certified professional is to gain work experience in a related field for 36 months. The employer should be ACCA-approved, and the work experience should be recorded properly. One can not overlook this academic requirement, as it is impossible to become an ACCA-certified individual without gaining work experience. After completing this requirement, the recorded experience should be signed by an executive-level ACCA member and submitted to ACCA Global through their website to become an ACCA member or an ACCA-certified professional.
5: Ethics And Professional Modules:
Ethics and professional modules are the additional modules aspirants need to complete in order to become an ACCA-certified professional. These modules are designed to equip aspirants with all the ethical and professional skills to survive in the financial sector professionally without compromising on the credibility, accuracy, and transparency of their work.
6: CPD Requirements:
CPD in ACCA stands for Continuous Professional Development; these are the activities that enable ACCA aspirants and professionals to stay current with any changes or updates in the industry or regulations. The qualification of ACCA in Saudi Arabia requires professionals to complete a specific number of these activities every year if they want to stay relevant to the ACCA body. The reason for so much focus on this requirement is that these activities enable professionals to equip themselves with technical advancements, new financial tools, and updated regulations, which results in career progression if used correctly.
Conclusion:
If you are desperate to become an ACCA-certified professional but also feel anxious when thinking about the journey, know that the career prospects and progression opportunities ACCA offers in Saudi Arabia are all worth it. To begin the journey to become an ACCA-certified individual, it is essential to understand the structure and requirements of the qualification. If you are able to identify your goals, it will be easier to plan and achieve them. Therefore, start by understanding what the requirements are and how you can achieve them; once you have done that, just stay consistent and focused on your aim. The most common requirements you need to fulfill if you want to become an ACCA-certified professional are to crack all ACCA Exams, gain practical work experience, fulfill CPD requirements every year, and complete (EPSM) Ethics and Professional Skills Modules.
Frequently Asked Questions (FAQs)
Q1: What are the career opportunities for ACCA members in Saudi Arabia?
Ans: The career prospects as an ACCA member are numerous; these professionals can secure jobs in MNEs, government ministries, financial institutions, and banking under different professional titles and roles.
Q2: Is the ACCA qualification recognized in Saudi Arabia?
Ans: Yes, the qualification of ACCA in Saudi Arabia is well recognized and valued among big employers; the demand for the qualification has been growing and is expected to increase in the coming years.
