INTRODUCTION:
ACCA in Ireland is one of the most prestigious, highly regarded, and globally acknowledged qualifications in accounting and finance. This qualification offers a unique and structured curriculum, which focuses on diverse academic knowledge, technical skills, modern accounting, compliance with local and international regulatory frameworks, continuous professional development, and following international accounting standards. These factors contribute to opening a gateway to many career opportunities for aspirants of ACCA qualification in Ireland. ACCA professionals are eligible to work in various industries and under several roles such as; auditor, tax consultant, financial manager, accountant, financial analyst, CFO, etc. To know more about the ACCA qualification in Ireland; requirements, opportunities, and process, read the complete blog.
WHY CHOOSE ACCA IN IRELAND?
There are various benefits offered to aspirants of ACCA in Ireland making it a desirable qualification. The major reasons why ACCA in Ireland should be the first choice for students of accounting and finance are its global recognition, high demand, Career opportunities, and flexibility.
ACCA is a globally recognized qualification of accounting, it is well acknowledged in around 180+ countries of the world. This global recognition opens the gateway to international career opportunities for ACCA professionals in Ireland. Other than that, the demand for skilled and qualified ACCA professionals is quite high in Ireland’s job market as employers across different industries including the public sector, financial institutes, and multinational organizations sought-after ACCA professionals to take care of their company’s financial management efficiently.
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All these factors combined result in enhanced career opportunities for professionals of ACCA in Ireland as well as in the global market. Additionally, the structure of qualification is quite flexible, it provides aspirants with the options of part-time and full-time learning. This encourages students to manage their studies and their professional or personal commitments. ACCA qualification in Ireland also promotes online learning options, as it is easily accessible and time-effective. These flexibilities and enhanced career opportunities are highly valued amongst ACCA aspirants, therefore, students usually prefer this qualification over other accounting degrees.
ELIGIBILITY CRITERIA:
To start your journey as an ACCA aspirant in Ireland, you first need to be eligible for this qualification. There are certain academic criteria set by ACCA that aspirants need to meet to register themselves with ACCA. All of the requirements are given below; you can go through them and decide what works for you best.
Minimum Academic Qualifications:
Aspirants who are school leavers need to have at least five GCSEs or equivalent, including English and Mathematics (mandatory) to start their ACCA journey.
Individuals who hold degrees or diplomas in accounting, finance, or business are eligible for ACCA qualification and can also avail exemptions on certain exams depending on their previous degree and the institute they were associated with.
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Students who don’t have any academic background in accounting, finance, or business will have to start their ACCA journey from foundational to accountancy level (FIA). This level equips them with all the basic accounting principles and concepts.
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ACCA QUALIFICATION STRUCTURE:
ACCA qualification in Ireland has a very unique curriculum that not only focuses on academic grounds but also emphasizes technical skills, professional experience, and practical problems in the financial sector. The qualification offers diverse academic knowledge in several areas of accounting and finance such as management accounting, auditing, taxation, financial reporting, financial management, etc. This qualification consists of a series of 13 exams that are divided into three levels (Applied knowledge, Applied skills, and Strategic Professional), these levels go from basic to advanced topics.
Applied Knowledge level:
This is the first level of ACCA in Ireland, hence, the most basic and foundational courses of ACCA qualification are included in this level. This level contains three exams; namely, Business Technology, Financial Accounting, and Management Accounting.
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Applied Skills level:
This is the second level of ACCA qualification in Ireland, therefore, a bit more advanced than the previous level. This level provides a deep understanding of the topics, and consists of six exams namely; Corporate and business law, Taxation, Financial Reporting, Performance Management, Financial Management, and Audit & Assurance.
Strategic Professional Level:
This is the last and most advanced level of ACCA qualification in Ireland, it covers specialized courses that cover the most complex areas. This level focuses on developing skills like critical thinking, assessing, strategic problem-solving, and decision-making. At this level, there are four exams in total, out of which two of them are optional (students are allowed to choose a course that aligns with their career goal). Essential courses are Strategic Business Reporting and Strategic Business Leadership. Optional courses include Advanced Taxation, Advanced Financial Management, Advanced Audit & Assurance, and Advanced Performance Management.
PRACTICAL WORK EXPERIENCE REQUIREMENT OF ACCA IN IRELAND:
Along with Academic performance, ACCA in Ireland also demands proven and recorded practical work experience. In simpler words, to become a fully qualified ACCA professional in Ireland, aspirants need to complete 3 years of practical work experience in a relative role with an ACCA-approved employer. The experience should be recorded and signed by a senior ACCA member and then submitted to ACCA Global. ACCA Global examines your experiences and if the experience is authentic, you become an official ACCA member.
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STUDY PROVIDERS OF ACCA IN IRELAND:
ACCA qualification in Ireland is easily accessible through online learning platforms as well as traditional on-site institutes. Students can either opt for the on-site learning option and join any local ACCA-approved institute or go for online tuition providers. Many international ACCA-approved tuition providers are offering their services in Ireland, they offer easy accessibility, pre-recorded lectures, global networking opportunities, personalized study plans, and much more.One of the best ACCA-approved online learning providers in Ireland is Mirchawala’s Hub of Accountancy, to explore more about them visit their website.
Website: https://mirchawala.com/
FREQUENTLY ASKED QUESTIONS:
Q1: Is it possible to work while studying ACCA in Ireland?
A: Yes, you can study while doing ACCA in Ireland, because of the flexibility and easy accessibility of the qualification. You can choose a part-time learning option and utilize online learning platforms to manage work and study commitments together.
Q2: How long does it take to complete ACCA qualification in Ireland?
A: The completion of ACCA qualification in Ireland solely depends on your study pace and the number of exam successes. However, normally it takes around 3-4 years to complete ACCA qualification in Ireland.
