So, you have finally obtained the ACCA qualification in the UK and now you are formally an ACCA affiliate. Congratulations, you have achieved a significant milestone in the accounting and finance industry. What’s next? To ensure your future career growth, you need to take several crucial actions.
It is true that ACCA certification can open numerous doors and opportunities. You are now acknowledged as a highly qualified financial expert with in-depth understanding of topics including accounting, auditing, taxation, and company law after completing the ACCA qualification. It shows that you have mastered the essential abilities needed to successfully negotiate the intricate financial environment of governments, corporations, and organizations.
But what can you do after completing it apart from celebrating your success? To help you decide what to do next, this blog discusses some of the options you can consider after qualifying for the ACCA exams.
Obtain More Qualifications
Being an ACCA member is a great place to start if you want to earn a reputable credential, but it won’t be sufficient if you need to advance your knowledge in areas like international accounting practices, risk management, forensic accounting, or management consulting.
After pursuing ACCA qualification in the UK, you can think of going for a master’s degree, a business administration master’s degree, a bachelor’s degree, or another professional credential. After earning an ACCA, being a chartered financial analyst is one of the best degrees to pursue. A CFA is more focused on finance than management. You will delve deeply into asset management, portfolio management, investing, and financial analysis.
Work as an ACCA affiliate
One of the conditions for membership is that an affiliate upload 36 hours of work experience to become a qualified ACCA. You can begin working in a wide range of accounting- and finance-related positions.
As an affiliate, you can work in varied companies even if you choose not to become an ACCA member. You are considered able to perform the tasks that businesses require if you pass the ACCA exams.
Start your own Company
As a business owner, you become in charge of your future, making important choices and seeing the results of your hard work firsthand. You already have the technical know-how and an excellent eye for financial details as an ACCA-certified expert, which guarantees that your company operates morally and effectively.
Starting your own accounting firm can be the ideal career path after obtaining the ACCA qualification in the UK especially if you want independence and a personal touch. This business allows you to provide your clients with customized financial solutions, ranging from financial management to tax preparation.
Start a Consulting Service
The consulting industry is a diverse field. With a consulting firm, you can support people looking for professional financial advice. With your ACCA qualification in the UK, you can counsel customers on audit issues, risk management, tax efficiency, and independent financial advisors.
Work for a Startup
Despite their potential for innovation and groundbreaking concepts, startups often struggle with budgeting, financial management, and navigating the intricate financial environment.
As an ACCA qualified professional, you can make a significant contribution to a start-up’s journey, ensuring its long-term viability and financial stability. Wearing many hats is a common feature of working for a start-up.
Depending on the nature of the start-up, you may be involved in strategy discussions, financing rounds, and even product development in addition to managing accounts.
Provide Accounting and Finance Training
If you are more passionate about the industry than anyone else, you can think of joining an organization where you can impart all of your knowledge to students as an additional choice if you find yourself outgrowing corporate and don’t want to launch your own company. This could be a tuition provider, college, or university.
Because students truly benefit from having enthusiastic and committed financial management experts who wish to share their knowledge and expertise, ACCA-qualified teachers are in high demand in the UK and worldwide. This is also a very rewarding avenue of pursuit after ACCA qualification in the UK. This choice will let you witness others grow in their desired careers and advance in the world of financial accounting.
Bottom Line
These are the top options you can go for after completing ACCA in the UK and worldwide. Check each option carefully and choose the one that suits your future goals and career preferences. Stay tuned for more such exciting blogs!
Frequently Asked Questions (FAQs)
Q: What is the ACCA qualification?
Ans: ACCA is one of the most well-known accounting professional associations in the world. Aspirants need to finish the 13 examinations plus the Ethics and Professional Skills module in order to become a member and a chartered certified accountant.
Q: What is the ACCA course duration in the UK?
Ans: The ACCA exams require 5300 learning hours in total, and they often take three to four years to finish. A Professional Ethics Module and 36 months of work experience are also prerequisites.
Q: What is the equivalent of ACCA in the UK?
Ans: After the successful completion of the Applied Knowledge and Applied Skills exam, the ACCA Qualification is equivalent to a UK university degree standard. Completing the Strategic Professional examinations is similar to earning a Master’s degree from a UK university.
Q: What jobs can you get with an ACCA qualification?
Ans: Some of the best ACCA jobs in the UK include:
- Trainee Accountant
- Client Accountant
- Auditor
- Accountant
