How to do ACCA in Hong Kong? What are the eligibility requirements? What is the process?
Are you also going through these questions? We got you covered. This article post is specifically crafted to help aspirants who want to pursue ACCA in Hong Kong with all the important details you need, like:
Before you pursue ACCA in Hong Kong, you must have a clear understanding of what you are getting into before you can actually figure out how to complete ACCA. Without a proper understanding of the syllabus and requirements, many students dive right into exam preparation. Later on, they get confused. Let’s start with a quick explanation of what ACCA is and why it is a globally recognized qualification.
The ACCA Qualification Overview
ACCA stands for the Association of Chartered Certified Accountants, and it is a professional accounting organization based in the UK. It provides an internationally recognized accounting and finance degree. Withe ACCA qualification, professionals get work opportunities in banks, startups, global organizations, audit firms, and companies. Since ACCA allows aspirants to work in more than 180 countries worldwide, you can really think of it as a global passport for finance professionals. It demonstrates your grasp of international company strategy, audit & taxation, financial management, and accounting regulations.
ACCA Qualification Overview – Three Levels
The ACCA incorporates three different levels that help in developing stronger practical skills and a deeper understanding at each level.
Applied Knowledge: It works as the ground floor. The applied knowledge level includes basic accounting and business norms, and provides an in-depth understanding of the company’s financial operations.
Applied Skills: This is the middle floor. In the applied skills level, subjects get more complex. Students study taxes, performance management, and audit research.
Strategic Professional: This is the highest level. You resolve case studies. You have a finance leader’s mindset. You use your judgment.
Every stage requires attention. It rarely works to rush through. In addition to qualifying for all the ACCA exams, aspirants also need to finish an ethics curriculum and obtain real-world work experience. These ensure that you are prepared for actual job duties rather than just theoretical ones.
Check Your ACCA Eligibility—Key Considerations
- To register for ACCA, you must be at least eighteen years old.
- You need to fulfill the specific academic criteria, and a minimum of 10+2 (or equivalent) is necessary. Make sure you achieve the required minimum % in areas like English, math, or accounting in order to be admitted directly to ACCA.
- Because the tests and study materials are in English, you must have a strong command of the language.
- For ACCA to grant exemptions, your prior professional or academic credentials must be accepted. To confirm, use the ACCA Exemption Calculator.
- To establish a solid foundation and eventually advance to ACCA, you can begin with FIA if you don’t meet the direct entry requirements.
- While three years of relevant practical experience are necessary to become a member, no prior work experience is needed to register for ACCA.
- Exemptions are available to professionals who hold degrees such as a CA, MBA (Finance), or comparable credentials.
- Your credentials and grades must meet the requirements set forth by ACCA for global recognition.
Congratulations, if you meet these ACCA needs, you are on the right path to pursue ACCA in Hong Kong and open up a global accounting and financial profession.
Step-Wise Process to Pursue ACCA in Hong Kong
Once you are sure to begin your ACCA learning journey, you can register as a student. Although you can register before or after your first ACCA course begins, we advise you to do so as soon as possible to ensure that your registration is completed before you schedule your first exam. Here is the process:
Step 1: Visit the official ACCA website and create your account
Step 2: Select your qualification: You can begin the ACCA qualification if you have three GCSEs in five different disciplines, including English and maths, and two A Levels (or similar credentials). You can begin the Foundations in Accountancy qualification and work your way up to the ACCA qualification if you lack these credentials.
Step 3: After registering, you’ll get your student registration number that will allow you to use MyACCA’s student resources.
Step 4: Consider giving your training provider your registration number so they can promptly update your records.
Frequently Asked Questions
Is ACCA a good career choice in Hong Kong?
The worth of the ACCA qualificationin Hong Kong is increased by ACCA’s solid mainland reputation and its global status, giving members a significant competitive edge in this fast-paced market.
How to become an ACCA qualified Accountant?
To successfully pursue ACCA in Hong Kong, ensure the completion of all three levels, or exemptions from them, and an Ethics and Professional Skills module, plus three years of relevant practical experience.
What is the ACCA salary in Hong Kong?
ACCA-qualified professionals earn between $30,000 and $80,000 annually in countries such as Singapore, Hong Kong, and Malaysia.
