INTRODUCTION:
ACCA qualification is one of the most in-demand and highly rewarded qualifications in the accounts and finance sector. The qualification follows a unique and modern structure of syllabus which makes it stand out amongst other accounting qualifications and degrees. ACCA qualification is a globally recognized certification of accounting hence, accountants of ACCA can work in multinational organizations, accountancy firms in Dublin, etc. The qualification opens the door to many career opportunities and progress. Large accountancy firms in Dublin, seek professionals from ACCA as this qualification equips their professionals with diverse academic knowledge, technical skills, practical work experience, and compliance with local and international regulatory frameworks, these factors contribute to making the financial sector of an organization more stronger and stable.
To know further about the structure of ACCA qualification, career prospects, and accountancy firms in Dublin, read the blog ahead.
STRUCTURE OF ACCA QUALIFICATION:
The structure of the ACCA qualification is usually considered a bit unique and complex as compared to other accounting qualifications. The structure of qualification is one of the reasons why employers like accountancy firms in Dublin, multinational organizations, etc are attracted to ACCA professionals.
The ACCA qualification consists of 13 exams, these exams are divided into three levels (Applied knowledge, Applied Skills, and Strategic professional). The courses taught in this qualification cover a wide area of accounts and finance. ACCA exams usually focus on developing skills and examining an aspirant’s capabilities through scenario-based questions or real-world case studies. The levels of ACCA qualification are as follows:
Applied knowledge level:
This is the fundamental level of ACCA qualification, it consists of three exams, namely; Business technology, Management accounting, and financial accounting.
Applied skills level:
This level is a step ahead of the previous level, it covers the topics in-depth. It consists of six exams namely, Corporate and business law, taxation, performance management, taxation, financial reporting, audit and assurance, and financial management.
Strategic professional level:
This is the most advanced and last level of ACCA qualification, this level is considered the most complex one. It consists of four courses out of which two are optional (students can choose in accordance with their preferences), mandatory courses are strategic business leadership and strategic business reporting.
ELIGIBILITY REQUIREMENTS:
Looking at the way ACCA professionals are always in demand amongst employers (MNEs, SMEs, and accountancy firms in Dublin). Aspirants assume the criteria of the qualification might be high. However, the qualification has no hard and fast rules about the eligibility criteria, the requirements to register yourself with ACCA are as follows:
- Students having an educational background of minimum A-level or equivalent are eligible to apply for ACCA qualification.
- Aspirants who hold a prior degree in accounting, finance, and business are eligible to apply for exam exemptions. The number of Exemptions depends on the degree obtained and the educational institute.
- Individuals having professional accounting qualifications can also speed up their ACCA journey by availing exemptions.
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PROFESSIONAL EXPERIENCE REQUIREMENT:
Unlike many other qualifications, the ACCA qualification requires students to complete practical work experience as well to become an ACCA member. This work experience should be relevant to the qualification and should be recorded as well as submitted to ACCA Global. To complete the ACCA qualification it is mandatory to complete 36 months of relevant work experience. The accountancy firms in Dublin highly value this part of the qualification, as it allows students to put their knowledge and skills into real-world problems and generate efficient solutions. Accountancy firms in Dublin and other corporations find this requirement very unique and effective as it adds value to an aspirant’s professional profile and sharpens their expertise & skills.
STUDY OPTIONS:
ACCA qualification is a very flexible and feasible qualification, it allows students to create their personalized study schedule, explore multiple study options, and choose amongst numerous study resources. The hype of ACCA qualification amongst employers (accountancy firms in Dublin, large corporations, etc) and its global recognition make it easily accessible for students. ACCA offers full-time and part-time study options, which is highly feasible for students who are trying hard to balance work and study together. Other than that, students have numerous study resources as there are many ACCA online tuition providers, and aspirants can choose from these options. Online tuition at ACCA is quite favorable for working students as these tuitions have quite flexible schedules and study plans which allows students to manage their studies along with their personal and professional commitments, as many students are already working in SMEs, accountancy firms in Dublin, etc.
ACCA IN IRELAND:
Ireland has many global corporations and accountancy firms in Dublin, who are actively looking for ACCA professionals who are capable of managing their financial sectors. Therefore, the demand for ACCA professionals in the job market of Ireland is always high, this is evidence of career opportunities awaiting future ACCA professionals in the region. These professionals can expand their careers in various areas of accounting and finance such as financial management, business advisory, taxation, auditing, etc. Therefore, ACCA is the right choice for students willing to work in the financial sector of MNEs, accountancy firms in Dublin, etc.
CONCLUSION:
ACCA qualification is highly in demand in Ireland, as large corporations, MNEs, and accountancy firms in Dublin are always in search of ACCA professionals with skills and expertise for their organization’s financial management. ACCA qualification itself is a very unique, well-structured, flexible, and globally acknowledged qualification in accounting and finance. The global recognition of the qualification opens the door to local as well as international career pathways. ACCA qualification is a mix of diverse academic knowledge, practical & technical skills, professional and ethical skills, compliance with regulatory frameworks, and practical work experience. These are the factors that contribute to attracting MNEs and accountancy firms in Dublin towards the ACCA professionals.
FREQUENTLY ASKED QUESTIONS:
Q1: How many exams are required to complete the ACCA qualification?
A: To complete the ACCA qualification a student needs to crack a series of 13 exams which cover a wide range of areas of accounting and finance.
Q2: Are there any exemptions available for ACCA exams?
A: Yes, Exam exemptions for ACCA exams are available for students who have prior academic or professional degrees in relevant areas of study. The number of exemptions depends on an individual’s educational background (degree).
