INTRODUCTION:
A common question amongst finance aspirants is whether the qualification of ACCA equivalent to a bachelor’s degree in Nepal; well, there are two perspectives on this argument that we are going to discuss in the blog ahead. Aspirants who are mentally stuck in this debate are encouraged to give this blog a read and then pick their side smartly.
ACCA is an advanced accounting credential that is rapidly replacing the traditional accounting qualifications; Nepali finance aspirants are actively choosing the ACCA qualification over any other degree because of the advanced and diverse curriculum of this prestigious global accounting credential. Yet they find it concerning if the ACCA is accepted as a bachelor’s degree in Nepal; therefore, to offer clarity in this matter, we have created this well-tailored virtual guide and support.
IS ACCA ACCEPTED AS BACHELOR’S DEGREE IN NEPAL?
ACCA is a well-recognized qualification in Nepal and elsewhere in the world, yet it can not practically replace the bachelor’s degree; a bachelor’s degree is a university qualification, whereas ACCA is an advanced accounting credential offered by the Association of Chartered Certified Accountants. Therefore, either of these academic pathways is well-rewarded and recognized in their own ways; both of them offer different perks, depending on which aspirants can choose the most preferred academic route for themselves. Hence, according to this prospect, it can be said that there is no way an ACCA degree equivalency in Nepal could replace a bachelor’s qualification.
IS ACCA EQUIVALENT TO A BACHELOR’S DEGREE IN NEPAL?
As stated before, the credential can not replace the Bachelor’s degree in Nepal; however, it is widely believed that this statement, ‘ACCA equivalent to a bachelor’s degree in Nepal’, is widely accepted. The ACCA qualification is comprehensive and opens the door to diverse career opportunities, by allowing aspirants to build their future on this credential solely; this proves the ACCA degree equivalency in Nepal. Other than that, the estimated timeframe to complete ACCA in Nepal is around 3-4 years, which is equal to the time it takes to complete a traditional accounting or finance degree. Therefore, according to this prospect, it can be said that indeed ACCA equivalent to a bachelor’s degree in Nepal; nonetheless, neither of the qualifications can replace the other.
IS ACCA RECOGNIZED BY TRIBHUVAN UNIVERSITY IN NEPAL?
The Tribhuvan University officially recognizes the ACCA degree equivalency in Nepal; if an aspirant is able to secure full ACCA membership (complete all the academic requirements and become a fully qualified member), their ACCA qualification is recognized by Tribhuvan University as equal to a Bachelor’s degree. Note that, to have this equivalency title, the aspirant must start ACCA after +2 in Nepal, which is equal to an intermediate level of higher education. Therefore, to make your ACCA equivalent to a bachelor’s degree in Nepal by Tribhuvan University, aspirants must complete all the academic requirements (ACCA exams, PER, and EPSM) and become a qualified member.
CAN YOU GET A BACHELOR’S DEGREE IN NEPAL THROUGH ACCA?
Other than the debate of the ACCA degree equivalency in Nepal, a rising demand amongst finance aspirants is observed for doing both ACCA and a bachelor’s degree alongside. The good news is that it is very much possible to do a bachelor’s degree in Nepal through ACCA; multiple partner universities offer this pathway for aspiring candidates. The most accredited ACCA plus Bachelor’s academic pathway is Bsc (Hons) in Applied Accounting offered by Oxford Brookes University (UK). Hundreds and Thousands of students choose this credible academic path to achieve their academic goals and make their educational profile stronger. If you are one of those aspirants willing to strengthen their academic position by getting both a professional accounting certification and a degree, this could be your ideal academic pathway.
WHICH IS BETTER ACCA VS BBS VS BBA NEPAL?
All these qualifications are advanced and comprehensive; students can choose any of them depending on their academic needs, preferences, and strengths. BBA and BBS are considered amongst the traditional business qualifications; however, ACCA is a modern and advanced accounting credential recognized globally. Aspirants seeking a proper business degree can choose between BBA or BBS qualifications; whereas, students who are looking forward to joining an advanced global accounting credential can go for the ACCA qualification route. Aspirants are advised to explore all the academic factors of either of the pathways and wisely make a choice of which one fits with their goals better.
CONCLUSION:
When we talk about ACCA degree equivalency in Nepal, people usually confuse it for replacing the traditional degree (Bachelor’s) with the ACCA credential, which is certainly impossible. But equivalency really doesn’t mean replacing; it means academically similar, and for that matter, ACCA degree equivalency is undeniable. ACCA itself is sufficient to offer aspirants a secure finance career just like any traditional degree would do; it is also one of the top-most reasons why both academic pathways are considered similar to one another.
Also note that the Tribhuvan University in Nepal recognizes ACCA as a degree; students can read in-depth about it in this blog.
FREQUENTLY ASKED QUESTIONS
Q1: What is the status of ACCA degree recognition in Nepal?
Answer: The prestigious qualification of ACCA is well-recognized in more than 180 countries, and Nepal is one of them; the credential and its professionals are highly valued in Nepal’s finance industry. Many big employers especially seek ACCA-qualified professionals to take on leadership roles and manage their company’s finances.
Q2: Provide insights into the ACCA qualification level in Nepal?
Answer: ACCA is an advanced-level accounting qualification that comprises 13 exams further distributed into three academic levels of this qualification, known as the Applied Knowledge, Applied Skills, and the Strategic Professional level.
