AN OVERVIEW:
Do you aspire to become an ACCA member in Zimbabwe, but are unaware of the essential requirements of the process? You are at the right place; this blog will help you explore all about ACCA membership, its process, and essential requirements. To become an ACCA member, aspirants must complete the qualification and meet all the eligibility criteria. It is a prestigious professional title that holds significant value in the accounting and financial sector, as it opens doors to global job opportunities, allowing you to expand your career internationally.
This results in enhanced work opportunities as ACCA members are even eligible to secure managerial-level roles and own a very progressive career.
To enjoy numerous other professional perks, one should become an ACCA member first and mark the completion of the qualification. Aspirants of ACCA in Zimbabwe are advised not to delay the process of membership, as it is a golden ticket to an advanced financial career.
HOW TO BECOME AN ACCA MEMBER IN ZIMBABWE? KNOW ALL ABOUT IT:
Here is a step-by-step guide leading you to ACCA membership in Zimbabwe; want to become one? Follow the steps given below:
1: UNDERSTAND THE ACCA QUALIFICATION:
ACCA is a prestigious, global accounting body well-recognized in over 180 countries around the world; it offers enhanced career progression and job opportunities in the international financial sector. The curriculum covers diverse accounting areas, skills, international accounting standards, and regulatory frameworks. It prepares aspirants to be proficient in various financial areas such as auditing, taxation, accounting, and financial management, etc.
2: MEET THE ENTRY REQUIREMENTS:
To start the ACCA qualification, you must meet the minimum entry requirements, which are five O-Level exams (including Mathematics and English) and two A-Level exams or equivalent. If an aspirant is unable to meet the minimum requirements of the qualification, then he is offered the FIA (Foundations in Accountancy) route to the ACCA qualification, in which he first needs to clear FIA modules that equip him with an understanding of basic accounting principles.
Other than that, in some cases, aspirants have a degree in finance, accounting, and business-related fields, making them eligible for ACCA exam exemptions.
3: REGISTER WITH ACCA:
After meeting the entry requirements, you can start your registration process through ACCA Global’s online portal by submitting academic transcripts, identity proof, a completed application form, and registration fees. The registration fee of ACCA in Zimbabwe is an initial, one-time fee, which is around £89. Make sure all the documents and details you submit are accurate and updated to avoid any repercussions in the future.
4: COMPLETE THE ACCA EXAMS:
Once your registration is confirmed with ACCA, you are eligible to attempt the exams. There are 13 ACCA modules, each covering a different accounting topic, making the ACCA curriculum very diverse. Each module is structured in such a way that it not only equips you with comprehensive knowledge regarding the area of study but also trains you with skills to survive in the practical world. Furthermore, the qualification of ACCA in Zimbabwe is classified into three academic levels, namely, Applied Knowledge, Applied Skills, and Strategic Professional.
a: APPLIED KNOWLEDGE: (covers 3 modules)
b: APPLIED SKILLS: (covers 6 modules)
- Financial Reporting
- Taxation
- Audit and Assurance
- Performance Management
- Business and Corporate Law
- Financial Management
c: STRATEGIC PROFESSIONAL: (covers 4 modules; 2 mandatory and 2 optional)
- Strategic Business Leadership (mandatory)
- Strategic Business Reporting (mandatory)
- Advanced Performance Management (Selective)
- Advanced Financial Management (Selective)
- Advanced Taxation (Selective)
- Advanced Audit & Assurance (Selective)
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5: COMPLETE ETHICAL & PROFESSIONAL SKILLS MODULES:
This is an important requirement of ACCA in Zimbabwe; these modules prepare you with ethical and practical skills to survive in the complicated financial world. These EPSM modules are supposed to be completed before or during the Strategic Professional level.
6: GAIN PRACTICAL EXPERIENCE:
Another essential requirement that you need to complete to become eligible for the ACCA membership is PER (Practical Experience Requirement). In this requirement, aspirants are required to gain practical experience of at least 36 months in a relevant professional role with an ACCA-approved employer. This experience should be recorded and signed by an ACCA member in an executive position and then submitted to the ACCA Global.
7: APPLY FOR ACCA MEMBERSHIP:
Once you have completed all the academic requirements of ACCA in Zimbabwe, i.e, exam success, gaining work experience, and completing EPSM modules, you are now eligible to become an ACCA member in Zimbabwe. At this point, aspirants are advised to proceed with applying for ACCA membership through their online portal by submitting the recorded PER.
CONCLUSION:
Aspirants should be quick in applying for ACCA membership, as this can accelerate their career by bringing forward enhanced job roles and opening the door for international work expansion opportunities. It allows aspirants to secure strong and senior-level roles, which is quite progressive for their professional lives.
If you want to become an ACCA member in Zimbabwe, make sure to achieve success in all ACCA exams, complete the ethical and professional modules, and gain the required work experience; once done, apply for membership through your online ACCA portal. Students are advised not to keep this process hanging and to be quick in meeting all the academic requirements.
FREQUENTLY ASKED QUESTIONS:
Q1:When is the best time to start with PER?
Answer: Aspirants are advised not to wait for the completion of ACCA in Zimbabwe to begin with the practical experience requirement; rather, start it along with your studies. This will allow you to apply your theoretical learning to real-world scenarios and also contribute to the quick completion of ACCA membership requirements.
Q2: How often can I write ACCA exams in Zimbabwe?
Answer: You can write ACCA exams four times a year, as these exams are held in four sessions in March, June, September, and December.
Q3: Where are ACCA centers located in Zimbabwe?
Answer: ACCA centers in Zimbabwe are located in Harare and Bulawayo; students can register themselves at the exam center that is closer to their residence.
