INTRODUCTION:
ACCA, also known as the Association of Chartered Certified Accountants, has gathered much appreciation and attention in the financial world. It is a globally well-recognized qualification that offers wide career prospects and professional growth opportunities. As the finance and accounting aspirants are getting more awareness about this qualification, their interest in becoming a certified accountant grows stronger, which leads them to choose the ACCA study route for a secure career in the financial world.
The qualification is comprehensive and complicated, but it is structured in a way to ensure students get flexible and feasible ACCA study routes. To take advantage of all these academic flexibilities, aspirants need to have in-depth knowledge about the ACCA study pathways and follow certain steps to smooth their learning experience. This blog is to provide you with all the essential details and ACCA study tips that will enhance your experience and help you choose the academic pathway to ACCA that best suits your learning preferences. Go through the blog and understand all the steps to give your best academic performance.
1: CHECK YOUR ELIGIBILITY:
The initial step to begin this journey is to meet the eligibility requirements of this qualification; your academic history decides the academic path or ACCA study options for you. Aspirants who have a secondary educational level or below are eligible to start their qualification from the foundational level (FIA route to ACCA). Students who have prior education of +2/ A-levels or equivalent can, however, begin their journey from the Applied Knowledge level of ACCA. Whereas, aspirants with a bachelor’s degree or more are usually eligible for several exemptions depending on their degree and its relevance.
2: REGISTER WITH ACCA GLOBAL:
The next step after checking the eligibility criteria and meeting the entry requirements is to register yourself with ACCA Global; go to the website of ACCA Global, create an account, attach the required documents, a passport-sized picture, and the registration fee. Once all the valid information, documents, and payment are done, patiently wait for the process to complete until you receive a confirmation email. Make sure the email address provided is valid to receive a confirmation email, and after this, you will become an official ACCA student.
3: CHOOSE AN ACCREDITED LEARNING PROVIDER:
After your student status is active, you can begin to explore your ACCA study options, but before you look for ACCA-approved learning providers, ask yourself which ACCA study path you prefer between onsite and online learning. After you have decided on the ACCA study route you want to go forward with, then look for the best options of top ACCA-approved learning providers; make sure your academic goals align perfectly with the structure and pattern followed by the institute you are selecting.
4: PLAN YOUR ACCA STUDY PATH ACCORDING TO THE QUALIFICATION STRUCTURE:
Planning the academic schedule to effectively manage the ACCA study journey is very important; therefore, familiarize yourself with the qualification structure consisting of thirteen exams categorised into three academic levels. The academic levels are known as Applied Knowledge, Applied Skills, and Strategic Professional, covering a wide range of diverse financial topics. The modules included are financial management, performance management, taxation, management accounting, business & technology, financial accounting, audit & assurance, financial reporting, strategic business reporting, strategic business leadership, Corporate & business law, etc.
5: REGISTER FOR ACCA EXAMS:
After planning the ACCA study schedule you want to follow, start preparing for the exams you are willing to take in that session. Once the exam registration for each session is open, aspirants can go and register for ACCA exams before the deadline expires. The exam registration is done through the online portal at ACCA Global’s website, where aspirants need to fill in important details regarding the chosen modules, exam slot, and exam center, along with exam registration fee payment.
One important detail you need to know while structuring an ACCA study plan is that ACCA exams are held quarterly in a year (in March, June, September, & December) and you can attempt 4 exams in a single exam session and 8 exams in a year.
6: COMPLETE THE ETHICS AND PROFESSIONAL SKILLS MODULE:
Along with completing the exams, do not overlook other requirements attached to ACCA studies in Nepal; one of these requirements is completing the ethics and professional skills modules. These modules are mandatory and can be done anytime before applying for ACCA membership; however, it is advised to get them while completing the modules of the Strategic Professional level.
7: FULFILL THE PER:
ACCA studies in Nepal include PER (Practical Experience Requirement), which is an essential academic obligation that needs to be fulfilled in order to become a fully-qualified ACCA member. Therefore, aspirants are advised to complete 36 months of relevant work experience with an accredited employer along with ACCA studies in Nepal to save time and avoid any delay in the membership process.
8: APPLY FOR MEMBERSHIP:
Once an aspirant has completed all the academic requirements, from completing ACCA exams to completing EPSM to gaining work experience, they become eligible to apply for ACCA membership and take over the title of a fully-qualified ACCA member.
CONCLUSION:
Choosing an ACCA study path is the basic step to this journey that completely depends on your academic background and the eligibility criteria you meet. After choosing the ACCA study path, you choose the academic direction you need to follow, depending on whether you are taking the FIA route, starting from the academic knowledge level, or availing exam exemptions. Once you know your direction, then select the ACCA study mode (online or onsite studies) and then take help from accredited resources. One by one, complete all the qualification requirements and apply for ACCA membership.
FREQUENTLY ASKED QUESTIONS:
Q1: What are the effective tips to have a successful ACCA study journey in Nepal?
Answer: Here are some of the tips you can follow to have a smooth ACCA academic journey in Nepal:
- Create a well-assessed study plan
- Use of ACCA-approved resources
- Joining helpful online forums and ACCA communities
- Understand exam techniques.
Q2: Are there any age restrictions to begin ACCA in Nepal?
Answer: No, there is no age limit to begin with ACCA’s academic journey; you just need to meet the eligibility requirements (academic history).
