INTRODUCTION:
Progressing in a career is the dream of every dedicated accountant; the finance world is so competitive that constant progression is desired by every individual. Malaysian ACCA members also aim to progress and enhance their professional standing by becoming a FCCA member in Malaysia. FCCA (Fellow Chartered Certified Accountant) is a higher status or a senior membership granted to the highly dedicated and ambitious ACCA members who serve for a specific time period in the accounting and finance industry and meet all the requirements.
This status elevates your professional journey by bringing forward better opportunities and success-driven careers for the candidates. If you are an ACCA member who wants to ensure you meet all the requirements to be eligible to become an FCCA member, this guide will enlighten you with all that you need to know. Through this digital platform, you can explore a roadmap to avail FCCA membership in Malaysia; follow all the steps to become the next FCCA member and drive your career towards success.
HOW TO BECOME AN FCCA MEMBER: A ROADMAP
By following the steps given below, you can meet all the requirements of availing FCCA membership and have a progressive future in the financial world.
1: BECOME AN ACCA MEMBER:
To begin with, the process of becoming an FCCA member, you must first complete your qualification of ACCA in Malaysia and acquire the title of an ACCA member. Mind that the candidate must have the membership status; affiliates, part-qualifieds, or students should first avail the ACCA membership title. Once you have already completed your ACCA in Malaysia and have the status of an ACCA member, your next goal should be earning a FCCA membership status.
2: MAINTAIN ACCA MEMBERSHIP FOR FIVE YEARS:
It is a requirement that candidates must maintain ACCA membership status for five years to be eligible for FCCA membership. Candidates should serve as an ACCA member for at least five years in good professional standing; no disciplinary issues should be reported. Other than that, candidates must pay their ACCA annual subscription fee every year on time to keep their ACCA membership active. Once your ACCA membership has completed the duration of five years, you are eligible to become a member of FCCA.
3: FULFIL CPD REQUIREMENTS:
CPD (Continuous Professional Development) is a part of thec according to the requirements of ACCA in Malaysia, members are obliged to complete annual CPD activities every year. The same goes for the FCCA membership; only those candidates who have maintained their CPD activities and kept proper CPD records are eligible to become a member of FCCA. Hence, if you plan to avail this membership status, it is important to take CPD activities very seriously and keep track of them.
4: DEMONSTRATE PROFESSIONAL STANDING:
Accounting and Finance sectors emphasize professional as well as ethical skills, and that’s exactly what the ACCA qualification mainly focuses on as well. An individual who aspires to become an FCCA member also must act in line with ACCA’s code of professional ethics and fulfill their responsibility as an accountant. His professional standing in the financial world should demonstrate credibility, discipline, and transparency. Candidates should work in relevant professional roles to remain eligible to hold the title of a FCCA member; gaining experience in relevant roles can enhance your skillset and make you future-ready for a highly competitive world.
5: AUTOMATIC UPGRADE TO FCCA:
There is no need to give any separate test or interview to avail FCCA membership; candidates can automatically become a FCCA member just by completing the said requirements. Just complete five years maintaining ACCA membership title, continuing good professional standing, and keeping up with the CPD activities; aspirants who manage to complete all three activities automatically become eligible for FCCA and shortly receive the upgrade from an ACCA member to an member of FCCA.
Therefore, candidates must focus on completing the eligible requirements only and leave the rest to the ACCA community to take care of. Once you automatically become a member of FCCA, you will get notified through an email telling you about the upgrade in your status; with this, you will be allowed to use the ‘FCCA’ after your name.
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6: USE FCCA DESIGNATION:
After receiving the FCCA designation approval through email, you will become eligible to use the status of FCCA on your business cards, professional documents, email signatures, etc. Using the status of FCCA member makes your professional profile more attractive and enhances your worth in the practical financial world. Hence, member of FCCA are suggested to take advantage of the status they earned and use it proficiently with their name.
CONCLUSION:
Indeed, the title of ‘FCCA member’ increases your worth in the competitive financial world; hence, ACCA members should ensure they meet the requirements to avail the membership of FCCA and elevate their professional experience in the finance industry. The ACCA members who continue to maintain their membership for five years globally, complete CPD requirements religiously, and remain in good professional standing are automatically granted the title of an FCCA member. Therefore, if you are an ACCA member in Malaysia, it is suggested that you keep these factors in mind to open the door to better work opportunities and a secure financial career.
FREQUENTLY ASKED QUESTIONS:
Q1: Is FCCA an advanced qualification after ACCA in Malaysia?
Answer: No, FCCA is not a separate qualification; rather, it is an upgrade to your ACCA membership. ACCA members who continue and maintain their professional status efficiently for years are granted the FCCA status as a reward.
Q2: Is there any additional exam for FCCA membership status in Malaysia?
Answer: No, there is no additional exam required for FCCA membership status in Malaysia; candidates must simply continue their professional responsibilities and meet all the ACCA requirements; that’s all about it.
