ACCA professional in Kuwait are looking to improve their existing career prospects. It will increase the possibility of attracting high-paying jobs and a career.ACCA membership is another way to get the best out of your ACCA certification as it opens the door to global recognition, a worthy career, and better salary chances. This article will highlight the steps to get ACCA membership, ACCA membership fees, eligibility criteria, and the career opportunities available in Kuwait after qualification completion.
ACCA (Association of Chartered Certified Accountants) is one of the most respected and widely recognized accounting bodies in the world. With a growing demand for skilled accountants in the Middle East, many aspiring professionals are choosing to pursue the ACCA qualification in Kuwait.
You can apply for ACCA membership after passing your ACCA tests and fulfilling the experience requirements.This membership not only enhances your professional standing but also significantly improves your ACCA salary after membership in Kuwait.
Let’s explore how to become an ACCA member in Kuwait and what benefits it brings.
Steps to Get ACCA Membership
If you’re wondering how to get an ACCA membership in Kuwait, here are the key steps:
1. Complete the ACCA Qualification
This includes passing 13 exams, which are divided into three levels:
- Applied Knowledge
- Applied Skills
- Strategic Professional
.A maximum of eight tests may be attempted annually, and up to four exams may be attempted in a single session.
2. Fulfill the Practical Experience Requirement (PER)
You must complete 36 months of relevant work experience and demonstrate achievement of 9 performance objectives.
3. Complete the Ethics and Professional Skills Module (EPSM)
This online module helps you develop skills such as ethical decision-making, leadership, and communication.
- Apply for Membership
Once you meet the above requirements, you can submit your application and pay the required ACCA membership fees.
Fulfilling the Eligibility Criteria
To qualify for ACCA membership in Kuwait, candidates must:
- Pass all ACCA exams
- Get 36 months of experience in finance or accounting under supervision.
- Finish the Ethics and Professional Skills Module
- Maintain compliance with ACCA’s Code of Ethics and Conduct.
These ACCA requirements in Kuwait are consistent globally, ensuring high-quality standards and international recognition.
ACCA Membership Fees
One of the most searched topics is the ACCA membership fees. Here’s a breakdown:
Fee Type Amount (GBP) Details
Initial Registration £89 . Paid when you first register as a student
Annual Subscription (Student) £134 Payable every year as a student
Ethics Module Free (included) No separate fee for EPSM
Membership Admission £137 Paid when applying for membership
Annual Membership Fee £137 Payable every year as a member
Note: Fees may vary slightly due to currency conversion or ACCA policy changes.
These fees are a long-term investment considering the ACCA career opportunities in Kuwait and internationally.
Experience Requirement
The practical experience requirement (PER) ensures you apply theoretical knowledge to real-world situations. You must:
- Gain 36 months of supervised accounting or finance experience.
- Record this experience in the MyExperience portal.
- Get your performance objectives verified by your line manager or a mentor.
This step is vital for transforming you from a student into a competent professional.
What Are the Positive Gains After Getting an ACCA Membership?
Becoming an ACCA member unlocks a wealth of benefits.
1. Global Recognition
ACCA is accepted in over 180 countries, making it ideal for professionals looking to work internationally.
2. High Earning Potential
Many ACCA members report a significant jump in salary. The ACCA salary after membership in Kuwait can range from KWD 800 to KWD 2,000+ per month, depending on experience and industry.
3. Professional Network
You’ll join a global community of over 241,000 members, giving you access to mentorship, job opportunities, and professional events.
4. Job Security
In kuwait professionals with ACCA qualification seek roles in finance, auditing and couslting.
5. Continued Professional Development (CPD)
As a member, you’re encouraged to stay up to date through CPD courses, webinars, and learning resources.These ACCA membership benefits in Kuwait make the investment in time and money well worth it.
Professional Pathways After Completing the ACCA Membership
Once you’re a member, a variety of ACCA jobs for members in Kuwait become available, including:
1. Chief Financial Officer (CFO)
Lead an organization’s financial strategy and reporting.
2. Financial Analyst
Work in banks or multinational companies to analyze financial data and provide forecasts.
3. Audit Manager
Work with audit firms like PwC, Deloitte, or KPMG operating in Kuwait.
4. Tax Consultant
Provide advisory services to individuals and businesses on tax laws in Kuwait and internationally.
5. Finance Manager or Controller
Oversee a company’s financial compliance, reporting, and budgeting.
These roles are part of the expanding ACCA scope in Kuwait, with the market demanding globally qualified professionals.
Conclusion
The ACCA membership in Kuwait is more than just a qualification, it’s a move that transforms your career. From getting high-paying roles to gaining international acceptance, the benefits are extensive. By understanding the process to get ACCA membership, meeting the experience requirement, and paying the ACCA membership fees, you can pave the way for long-term professional growth. And, acca qualification makes it easy for you to get an exciting and rewarding career.
Frequently asked questions
What are the job offerings after ACCA membership in Kuwait?
There are multiple jobs for members in Kuwait, including roles like CFO, financial analyst, auditor, and finance manager in sectors such as banking, oil and gas, telecom, and government.
Is ACCA recognized in Kuwait?
Yes, it is widely recognized by employers in Kuwait and the bordering Middle East, especially in the finance and accounting sectors.
What part does practical experience play in becoming a member of ACCA?
To obtain an ACCA membership, practical experience is crucial. It may provide access to a profession and well-paying jobs.
What is the price of becoming an ACCA member in Kuwait?
A one-time admittance charge of $137 and an annual membership cost of $100 are included in the ACCA membership expenses. Tuition and exam fees may be extra expenses.
In Kuwait, how long does it take to become an ACCA member?
Completing the ACCA membership in Kuwait typically takes three to four years, depending on study schedules and experience.
