INTRODUCTION:
The increase in the number of accounting and finance aspirants in Nepal also contributes to the growing popularity of ACCA. It is the most advanced and updated qualification of accounting, offering a secure career by providing increased global and local job opportunities as well as professional advancements. The demand for ACCA in Nepal is increasing amongst employers and aspirants as people are becoming more aware of the skills and qualities it equips aspirants with.
Are you an aspirant of accounting in Nepal, looking for the most value-adding qualification? The qualification of ACCA can be the one for you; want to know how and why? Read the blog ahead to get the answers to all your questions and dive deeper into the academic journey of ACCA in Nepal.
ABOUT ACCA:
ACCA is one of the most accredited, advanced, and globally acknowledged qualifications in accounting. It can be defined as an academic journey primarily focused on the professional stability and growth of its aspirants. The diverse academic knowledge, comprehensive skillset, compliance with national as well as international accounting standards, and work experience are the requirements offered by the qualification and valued by big employers all around the world. The professionals are allowed to expand their careers internationally in 180+ countries that recognize the ACCA qualification. Over the years, the ACCA body has become stronger by producing 240,000+ skilled accounting professionals.
STRUCTURE OF ACCA IN NEPAL:
To create a strong career in accounting in Poland through the ACCA route, one needs to be very familiar with the structure of the ACCA qualification. ACCA in Nepal consists of 13 modules, each covering a complex finance or accounting area comprehensively. These modules are further divided into three levels (Applied knowledge, Applied skills, and the strategic professional level).
- Applied knowledge: Basic/fundamental level, consisting of three modules, namely: business & technology, management accounting, and financial accounting.
- Applied skills: Intermediate level consisting of 6 modules, namely: Taxation, Financial Reporting, Corporate and Business Law, Performance management, Audit and assurance, and Financial management.
- Strategic Professional: The most advanced and difficult level consists of four modules, two options, and two essentials, namely: Strategic business reporting and strategic business leadership.
ENTRY REQUIREMENTS FOR ACCA IN NEPAL:
If you have done A-levels, IB, or some relevant degree, you are eligible to directly join the ACCA qualification. In case you do not have any prior professional or academic understanding of basic principles of accounting, you will have to start through the FIA level route. Also, know that proficiency in English as well as maths is a must. There are no restrictions for age; therefore, feel free to start this journey as a fresh graduate, or even as a professional trying to add value to their practical worth.
COST OF ACCA IN NEPAL:
The essential fees for this qualification include registration fee, subscription fee, exam fee, Study materials charges, as well as tuition fee. Registration and subscription fees cost around NPR 15,000-20,000, examination fees cost NPR 12,000-25,000, and tuition fees for each academic level can cost around NPR 50,000-100,000+. None of these mentioned figures are accurate and can fluctuate depending on your tuition provider, location, and updates in the fee structure. However, in a lump sum, the qualification of ACCA in Nepal can cost you something between 4-7 lakhs.
PRACTICAL EXPERIENCE REQUIREMENT:
Apart from successfully cracking thirteen ACCA exams and completing professional & ethics modules, the qualification also requires you to gain practical work experience of 36 months with the relevant employer in a relatively professional role. This work experience should be entirely documented and signed by the executive-level ACCA member. During the work experience, aspirants are advised to complete at least nine performance objectives provided by ACCA Global. Aspirants are encouraged to start gaining this experience alongside studies so that they can implement academic theories in the practical world, learn more effectively, and complete the experience alongside the qualification.
CAREER PROSPECTS IN NEPAL:
If you aim to have a successful career in accounting in Nepal, the qualification of ACCA is ideal as it offers diverse career prospects as well as enhanced job opportunities. It allows accountants and finance professionals to work in different industries/ sectors under diverse professional titles. The top sectors recruiting ACCA professionals in Nepal are audit firms, MNEs, NGOs, Banks & financial institutions, government and regulatory bodies, etc. ACCA professionals in Nepal commonly take over financial roles like accountants, financial analysts, auditors, risk managers, CFO, tax consultants, etc.
TIPS FOR ACCA ASPIRANTS:
- Use ACCA-approved study resources and tuition providers for effective studies.
- Make a structured study plan to avoid delays and last-day chaos.
- Take professional and ethics modules seriously as they add great value to your work profile.
- Don’t wait for the completion of modules to start gaining work experience.
- Do proper research before joining any ACCA institute, including pass rates and feedback.
CONCLUSION:
For aspirants who aim to have a bright career in accounting in Nepal, ACCA is the best academic choice they can make. This qualification is advanced, internationally recognized, and adaptable to modern advancements made in the financial sector. The value of this qualification is increasing with the passing years, and the demand is expected to grow further in the future. Therefore, build your future in accounting in Nepal through the ACCA route.
FREQUENTLY ASKED QUESTIONS:
Q1: Is the qualification of ACCA worth it in Nepal?
Answer: Yes, it is an ideal qualification for many as it offers a secure future by offering diverse career prospects. Especially desirable qualifications for aspirants who aim to settle abroad or prefer academic and professional flexibility.
Q2: Can I work internationally after completing my ACCA in Nepal?
Answer: Yes, after completing your ACCA in Nepal, you are eligible to work in more than 180 countries of the world, which also includes the UK, UAE, Canada, Australia, etc.
