INTRODUCTION:
The number of finance aspirants in Ireland is growing as the country’s financial sector is becoming stronger. Big employers, large corporations, and MNEs are now focused on the financial management of their organizations; therefore, they seek skilled professionals with a wealth of academic knowledge and skills to survive in the complex sector. In the job market, professionals of ACCA Qualification in Ireland are preferred over other candidates as they are equipped with all the professional, ethical, technical, and analytical skills, understanding regarding IFRS standards, compliance with international/local regulations, as well as diverse academic knowledge.
Additionally, the qualification is globally acknowledged and valued, opening the door to more career opportunities in the local and international job market. If you want to know more about ACCA career opportunities and prospects that will help you build a successful future in the finance sector, read the blog ahead.
ACCA QUALIFICATION IN IRELAND:
As the financial landscape of Ireland is becoming more diverse and stronger, this sector is also becoming more competitive. There are various accounting qualifications focused on auditing, taxation, consulting, or financial management, but the ACCA qualification gets a competitive edge as it provides a wealth of diverse and comprehensive academic knowledge. The curriculum of ACCA in Ireland covers all areas of accounting and finance, making professionals eligible to take over numerous professional roles. The ACCA qualification in Ireland is becoming famous amongst employers as well as aspirants, as it offers various professional and academic benefits.
WHAT IS THE ACCA QUALIFICATION?
ACCA stands for Association of Chartered Certified Accountants, a well-known, globally acknowledged qualification in accounting. It offers a successful career in accounting and finance by providing quality education and training to aspirants with practical skills to survive in the competitive financial sector. The qualification is considered to be one of the most challenging qualifications in accounting and finance; still, students and professionals admire it because of the enhanced career prospects and progression opportunities it brings to the table. The hype of this qualification can be witnessed by the fact that it has over 240,000 members and 540,000 professionals in around 180 countries around the world.
WHY CHOOSE ACCA IN IRELAND:
If you are aiming to build a successful career in finance, the ACCA qualification in Ireland can be the right path to it, as it offers a wide range of career opportunities both locally as well as internationally. The country is a hub for international financial sectors and businesses; the headquarters of various multinational corporations are available in the region. All the big employers actively sought after skilled ACCA professionals who have proficiency in international financial and accounting standards. Employers like Deloitte, PwC, KPMG, EY, investment firms, global banks, as well as government and regulatory bodies, seek ACCA professionals with financial expertise to drive their companies’ financial sectors towards success.
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BENEFITS OF PURSUING ACCA IN IRELAND:
There are various academic and professional benefits you get by pursuing ACCA in Ireland, some of which are stated below:
- Globally recognized qualification, hence, ideal for those wanting to build a career abroad.
- Quite flexible in terms of study options and learning pathways, for example, part-time, full-time/ online, and onsite learning pathways.
- Offers diverse career prospects, allowing aspirants to take over several professional roles in the financial sector, for eg: tax consultant, accountant, auditor, etc.
- It offers a progressive career by training aspirants about adaptability to modern technical advancements through CPD activities.
STRUCTURE OF ACCA IN IRELAND:
The ACCA qualification in Ireland consists of three academic levels: Applied Knowledge Level, Applied Skills Level, and Strategic Professional Level. The number of modules divided into these levels is 13, each module covering a different accounting or finance area. The breakdown is as follows: The applied knowledge level consists of three modules, the Applied skills level includes 6 exams, whereas the strategic professional level includes 4 exams. Each academic level is more advanced than the previous level, providing deeper insights into the topic. Other than that, the ACCA qualification in Ireland has additional requirements as well, such as ethics and professional skills modules, practical experience, as well as Continuous Professional Development requirements.
CAREER OPPORTUNITIES WITH ACCA IN IRELAND:
The ACCA qualification in Ireland allows professionals to pursue their careers in diverse roles and sectors and helps them take over senior financial roles with career progression opportunities. Some of the popular professional roles for ACCA members in Ireland are as follows:
- financial accountant
- Management accountant
- Financial manager
- Auditor
- Tax consultant
- Financial Analyst
- CFO/ Finance Director.
AVERAGE SALARY FOR ACCA PROFESSIONALS:
The potential salary packages offered to ACCA members are competitive and attractive; there are other career benefits attached to these job opportunities as well. Salaries can vary depending on financial expertise, employer, and prior experience; however, below is the breakdown of typical salaries offered to ACCA members:
- ACCA affiliates in Ireland can earn something around €30,000-€45,000.
- Newly qualified ACCA professionals can make between €45,000-€55,000.
- ACCA members with 5+ years of experience are generally offered €60,000-€90,000+
- However, senior roles like finance directors and CFOs can make around €100,000 or more.
CONCLUSION:
Looking at all the professional benefits offered by ACCA, it can be concluded that indeed ACCA qualification in Ireland is a perfect choice if you aim to build a strong career in finance. It offers a wide range of career opportunities and helps aspirants progress in their professional lives.
FREQUENTLY ASKED QUESTIONS:
Q1: How long does it take to complete the ACCA qualification in Ireland?
A: The accurate number of years can not be stated as it can vary depending on an individual’s study pace and the number of exam successes. Typically, it takes around 3-4 years or even up to 5 years in certain cases.
Q2: How can I fast-track my ACCA journey in Ireland?
A: If you have a prior degree or professional qualification in a related field (accounting, finance, or business), you can apply for exam exemptions. This way, exemptions can be granted on modules from the applied knowledge or skills level, depending on your prior qualification.
