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How to Convince Your Parents to Get ACCA Qualification

How to Convince Your Parents to Get ACCA Qualification

OVERVIEW:

Although the ACCA qualification is considered a very prestigious and competitive qualification, each person has their perspective especially when it comes to career pathways, your parent’s preference of career pathway can completely contradict yours. It is important to convince your parents of your chosen career pathway, for their moral support. This blog provides you with all the effective ways to convince your parents to accept the ACCA qualification.

TELL THEM ABOUT THE ACCA QUALIFICATION:

Before diving into the process of convincing your parents for ACCA qualification. Firstly, you need to tell them about what this qualification is about, how long it takes to complete the qualification, and what it offers. You can explain these things as follows:

  • ACCA is one of the most prestigious and highly regarded qualifications in accounting and finance, this qualification is recognized globally and offers many career opportunities in various roles and industries.
  • This qualification is divided into three parts (Applied knowledge, Applied skills, and strategic professional), there are a series of 13 papers on ACCA qualification. 
  • ACCA exams are taken quarterly or in four sessions in a year (March, June, September, and December).
  • This qualification provides in-depth knowledge about audit, taxation, management accounting, financial reporting, etc.
  • It usually takes around 3 to 4 years to complete this qualification.

EXPLAIN THE SCOPE OF ACCA QUALIFICATION:

Most people are unaware of the scope of ACCA qualification, so it is important to explain to your parents the scope of ACCA qualification. You can highlight the points given below:

  • Tell them about ACCA’s global recognition, and how this recognition opens the door to numerous international career opportunities for ACCA professionals. 
  • Highlight the career prospects, ACCA professionals are more valued than non-certified accounting, and finance professionals. The employability rate of ACCA-qualified professionals is much higher.
  • ACCA-qualified professionals have higher earning potential as compared to other qualifications.  
  • ACCA offers a progressive career, with efficient experience and skill set ACCA professionals can progress to higher management roles like CFO, finance director, etc.

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EXPRESS YOUR COMMITMENT AND DEDICATION TOWARDS THE QUALIFICATION: 

The question ‘how to convince your parents of ACCA qualification’ itself shows your interest and dedication towards the qualification. If you are willing to convince your parents of it, you need to give them reasons to believe in your dream. Following are the discussions that can be fruitful in convincing your parents:

  • Explain to your parents how eager and passionate you are for this qualification and how this qualification aligns with your long-term career goals 
  • Highlight your interest and dedication towards studies, let them know you will ace the ACCA exams and are interested in diving into the complex accounting syllabus of ACCA qualification.
  • Create a study plan to show them how you are going to manage time, balance work and studies, etc.

ADDRESS FINANCIAL CONCERNS:

Another major factor that can influence your parent’s decision to choose a qualification is financial concerns. Following are some tips that can help you out in this matter:

  • Perform a Cost-benefit analysis, comparing the cost included in ACCA qualification (registration fee, tuition fee, exam fee, etc) to the potential long-term benefits of the qualification (expected salary, job security, continuous professional growth, etc).
  • Mention Financial aid options for ACCA students, such as scholarship opportunities, part-time jobs, employer sponsorships, etc. Explain that these things contribute to reducing the cost of ACCA qualification.
  • Lastly, elaborate properly on the return on investment (ROI) of this qualification. 

HIGHLIGHT THE FLEXIBILITY OF THE ACCA PROGRAM:

It is important to elaborate on the flexibility of ACCA qualification to your parents, as this can add value to convince your parents. You can highlight it in the following points:

  • Explain the flexible study modes (part-time and full-time) to your parents. ACCA offers the option of part-time studies for students to make the qualification manageable for working students and allow them to balance work and studies.
  • Flexible study options (virtual/online tuitions, in-person classes, and self-study). ACCA offers the option of online classes as well which makes it easier for the students to learn with just a click of a button. This option reduces additional conveyance costs and time to travel. Students can also do a self-study by buying study material through a reliable source.
  • Students can study at their own pace and take exams when they are fully prepared, ACCA exams take place in four sessions every year in the month of March, June, September, and December.
  • It also offers career flexibility, which means that ACCA professionals are not bound to work in a similar role or sector. 
  • ACCA professionals can work as auditors, financial analysts, financial reporters, management accountants, tax consultants, etc. They can work in different industries or sectors.

PROVIDE EVIDENCE OF SUCCESSFUL OUTCOMES:

Highlighting Success stories of ACCA qualifications and students can convince your parents. Share stories of people who chose this path and attained highly reputed positions in the field of accounting and finance. You can also include success stories of alumni of your school, or college as it can be more effective. 

CONCLUSION:

This is how to convince your parents to ACCA qualification, by providing in-depth insights about the qualification, scope, career prospects, flexibility, financial considerations, long-term career goals, return on investment, dedication, etc of this qualification. By preparing a well-aligned case on this concern and showcasing your dedication you will be able to convince your parents for ACCA qualification.

FREQUENTLY ASKED QUESTIONS:

Q1: What is ACCA and why is it important?

Answer: ACCA is a prestigious, highly regarded, and globally well-acknowledged professional qualification in accounting. This qualification provides comprehensive training in subjects like finance, accounting, taxation, auditing, and management. It is a highly in-demand qualification amongst the aspirants of accounting and finance because it opens the gate to numerous career opportunities.

Q2: How long does it take to complete ACCA qualification?

Answer: Normally it takes 3 to 4 years to complete this qualification, however, the duration of completion may differ depending on every student’s study pace.

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