INTRODUCTION:
The qualification of ACCA is becoming popular all around the world because of the unique advantages it offers. The trend of this qualification has reached Nepal as well through the increased demand for these professionals in the Nepali job market. Some qualifications focus on the academic aspects only, while others focus on technical skills; however, the qualification of ACCA in Nepal equips aspirants with academic knowledge, skills, and adaptability to modern advancements. The academic and career benefits offered by this qualification are insanely impressive and attract a great number of Nepali students who aim to create a successful career in the complex financial world.
Are you one of those students, trying to explore better academic options that work well in the modern financial sector? You are at the right place. This blog will make it easy for you to make a wise decision and guide you to the path of professional success. To explore what benefits of ACCA offers to Nepali students, read the blog ahead.
7 BENEFITS OF ACCA IN NEPAL:
There are numerous academic and career benefits you may avail by doing ACCA in Nepal, some of which are listed below.
1: GLOBAL RECOGNITION:
The ACCA qualification is well-recognized, rewarded, and highly valued internationally; more than 180 countries of the world acknowledge this prestigious qualification. The aspirants of ACCA all around the world are trained to follow international accounting standards and regulations. Therefore, these skills and global recognition allow ACCA professionals to work internationally; opening the door to international job opportunities also means enhanced career prospects. Hence, the qualification automatically becomes ideal for aspirants who aim to settle abroad or build a career elsewhere.
2: FLEXIBLE STUDY AND EXAM OPTIONS:
Nepali students who prefer flexible study options or who are looking for a qualification that allows them to balance work and study together may find ACCA quite attractive. This qualification is extremely flexible in terms of study modes, as it allows aspirants to go for part-time study paths and online learning options. Another privilege offered to aspirants is that there is no exam structure; aspirants can choose the number of exams and modules they want to appear in an exam session. This allows students to study as per their preferences and structure a personalized study plan that lets them achieve both their academic goals alongside fulfill their professional responsibilities.
3: ACCESS TO DIVERSE CAREER PATHS:
The curriculum of ACCA in Nepal is structured in such a way that it covers a wide range of diverse accounting and financial topics. Each course of ACCA provides in-depth knowledge and skills regarding a specific area of accounting and finance. This way, Nepali students of ACCA are well-prepared to work in diverse professional roles and hence have numerous career paths to choose from. The wealth of knowledge and bundle of skills ensure these professionals are highly equipped to offer their services under various professional job titles. This is indeed an advantage for ACCA professionals as they can apply for numerous job opportunities and roles without any restrictions. Examples of the top career paths for ACCA professionals are auditors, tax consultants, CFO, Financial managers, risk and compliance, etc.
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4: HIGH DEMAND IN THE NEPALI JOB MARKET:
The business and financial sectors of Nepal are growing and expanding globally; therefore, to manage these big businesses, employers look for skilled financial managers who are proficient in international accounting standards. ACCA professionals fit in the frame of their requirements effortlessly; all the skills sought for these advanced roles are found in ACCA members. Therefore, the demand for such professionals keeps growing in the Nepali job market; with the increased demand, the potential salary packages and career progression opportunities also increase. The industries or sectors where ACCA professionals are mostly sought in Nepal are banks, INGOs, corporates, and audit firms.
5: DIGITAL SKILLS AND UPDATED CURRICULUM:
ACCA in Nepal primarily focuses on modern technological advancements in the financial world; the qualification pushes Nepali students to be highly adaptable to change when it comes to modern enhancements. This habit ensures they stay updated with any industry trends and helps them stay relevant in the fast-evolving financial market. ACCA syllabus for Nepali students with numerous technical, analytical, professional, and ethical skills, which also includes a good understanding of digital financing, automation & AI financing, and FinTech. These skills are essential to survive in the future financial world; therefore, the updated curriculum and digital skills offered by this qualification are a blessing for aspirants.
6: EXEMPTIONS ON EXAMS:
Another academic benefit proposed by this qualification is that it allows Nepali students to get exam exemptions based on their prior qualifications. If an aspirant has a degree in accounting, finance, or business-related fields, they will be eligible to apply for exemptions and may avail themselves. Exemptions are usually granted on the modules from the Applied knowledge or skills level, and the number of exempted modules depends on your qualification and the associated institute.
7: ETHICS AND PROFESSIONALISM FOCUS:
ACCA in Nepal also includes Ethics and Professional modules, which aspirants need to clear in order to complete their qualification. These modules train Nepali students to stay professional and showcase ethical practices through their work. These skills are highly regarded in the practical world as transparency and accuracy is the basic demand for this sector.
CONCLUSION:
If you are thinking about starting your career with an ACCA qualification in Nepal, know that it brings a lot of professional and academic advantages to the table. The career offered is quite promising, and the benefits are insanely impressive as they help you achieve success and stay competent. The qualification is flexible yet doesn’t compromise the quality of the education provided. Hence, choosing this qualification can be a life-changing decision for you that may help you achieve all your goals.
FREQUENTLY ASKED QUESTIONS:
Q1: What is PER in ACCA? Why is it essential?
A: PER in ACCA stands for Practical Experience Requirement; it is a mandatory requirement to complete the prestigious ACCA qualification. In this, aspirants are required to complete 36 months of work experience in the relevant sector and with an approved employer; all of this experience should be recorded and submitted to ACCA Global.
Q2: How many years does it take to complete ACCA?
A: ACCA can take 3-4 years to complete normally, some might complete it before the given period, and vice versa, depending on their study pace and passing rates.
