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  • Top ACCA Job Roles in the UK

    Top ACCA Job Roles in the UK

    Top ACCA Job Roles in the UK: Key Responsibilities and Salary Insights

    Do you need clarification about what I can do after ACCA in the UK? What are the top ACCA job roles in the UK?  Your answer is right here. Stay tuned!

    ACCA is a widely accepted accounting and financial certification. It allows you to become a finance expert and enter the prestigious accounting profession.  With an ACCA Certification in the UK, you get the opportunity to participate in strategic decision-making and anticipate being presented with intriguing opportunities. Additionally, you will acquire the abilities required to become a creative accountant with a firm understanding of global financial regulations. 

    In this article, we will discuss five ACCA job roles after ACCA in the UK, each of which has different challenges, opportunities for advancement, and paths to career fulfillment. Before delving into the various career choices, let’s quickly review the requirements for ACCA. 

    ACCA Qualification Overview

    The ACCA Certification in the UK is well known for its extensive coursework, demanding exams, and real-world application. ACCA holders are highly sought after in today’s competitive job market because they give professionals the knowledge, abilities, and ethical foundation they need to succeed in a variety of professions across industries and sectors. The top five careers that ACCA graduates can pursue are as follows:

    1: Accounting Assistant 

    Junior accountants, known as accounting assistants, work under the direction of the finance manager or director of an organization. The duties of an accounting assistant can differ depending on the organization. An accounting assistant with ACCA certification in the UK may be in charge of the following duties: 

    • handling the finances of a company.
    • putting together financial reports.
    • accounting reconciliation. 

    2: Tax Specialist

    A tax specialist is an expert in subjects related to taxes. A tax expert mainly works for an accounting or professional services firm. A tax specialist counsels clients on matters about their personal and professional lives as well as national and international tax law. Tax specialist is one of the best ACCA job roles; he assists organizations in fulfilling their tax-related duties.

    A tax specialist’s duties consist of the following: 

    • ensuring that the clients follow all applicable tax rules and regulations. 
    • Assist customers in maximizing their tax benefits. 
    • Give guidance on how to best organize the clients’ financial matters 

    3: Financial Accountant

    Being an accountant can be the first step on the ACCA career path. However, you can look for financial accounting job options after obtaining an ACCA certification in the UK. Recording, summarizing, and analyzing business transactions during a given period is the process of financial accounting. 

    The duties of a financial accountant consist of: 

    • evaluating financial data through balance sheet and financial statement analysis. 
    • prepare financial statements for external stakeholders, including shareholders, creditors, tax authorities, and regulators.

    4: Auditor

    An auditor is an expert who looks over and confirms the accuracy of a company’s accounting and financial records and it is considered one of the top ACCA job roles. The accuracy of the organization’s financial and operational data and reports is verified by the auditor. Large accounting firms generally employ auditors. Consequently, the organizational record aligns with the regulatory structure. Additionally, audited financial statements reduce organizational risk and foster confidence among shareholders and investors.  An auditor’s duties and responsibilities include:

    • confirming that the financial records and papers of an organization are accurate. 
    • confirming that the company complies with all relevant laws and rules. 
    • ensuring that the financial statements of the organization accurately and fairly depict its financial situation. 

    5: Credit Controller

    Another outstanding profession that an ACCA candidate can undertake after completing the ACCA course is credit control. A credit controller’s main duties include managing debt and making sure credit management services run smoothly. The significant role a credit controller plays in a company makes it among the best ACCA job roles. Among their responsibilities are:

    • assessing fresh credit applications
    • verifying clients’ credit scores with the bank managing corporate debtors and credit collection
    • creating customer status reports.

    An Overview of ACCA Salary in the UK

    An accountant with ACCA certification in the UK makes between £30,000 and £50,000 annually. Individuals with better credentials and expertise can make up to £100,000 or more annually. 

    According to Talent.com, the starting salary for an Entry Level ACCA position in the UK is £21,700 annually. The top companies for chartered accountants in the UK are PwC, Deloitte, KPMG, and EY, and their annual salary ranges from £45,000 to £65,000.

    Enroll at Mirchawala to Obtain your ACCA certification.

     On the successful completion of the ACCA Course, you can go for these ACCA job roles in the UK. 

    All things considered, ACCA in the UK has produced profitable job opportunities for individuals who possess the required training and credentials. Individuals who possess ACCA certificates are likely to receive higher-paying positions.

    If you are all set to grow your career in ACCA, take admission at Mirchawala and complete your course from the comfort of your home. We offer a comprehensive ACCA learning course with expert guidance, mock exams, previous papers, and much more. 

    We are here to support you in achieving your career objectives in your way, contact us now!

    Frequently Asked Questions (FAQs)

    Q: How much is the average ACCA salary in the UK?

    Ans: For qualified persons, the ACCA salary in the UK is around £48,500 (48 lakhs INR) per year for different ACCA job roles.

    Q: What is the minimum ACCA salary in the UK?

    Ans: In the UK, there is no minimum ACCA pay. The starting salary of an entry-level ACCA job in the UK is around £21,700.

    Q: What other benefits are included in different ACCA job roles?

    Ans: A lot of businesses provide ACCA professionals with extra benefits such as flexible work schedules, healthcare coverage, and more vacation days. Employers must be consulted to check other benefits. 

    Q: What are the best job roles after ACCA in the UK?

    Ans: While there is a long list of job roles for ACCA-qualified professionals, some leading options include:

    • Audit Manager
    • Financial Analyst
    •  Tax Consultant
  • ACCA Jobs Salary Expectations in Maldives

    ACCA Jobs Salary Expectations in Maldives

    Overview:

    ACCA jobs salary expectations are always higher why? Accountants are responsible for managing the organization’s operations and performing detailed reports on how well the organization is doing. In every sector, where accountants are needed, this responsibility will grow in coming times. 

    Moreover, economic turbulence also needs finance professionals to develop a flourishing economy. ACCA(Association of Certified Chartered Accountants) qualifications equip students with all the skills they need to excel in the job market. But, apart from that it will also give them well-paid jobs that are enough to sustain them. Let’s look into the ACCA in Maldives job salary expectations. 

    ACCA Careers Options after Becoming a Certified Accountant

    A variety of professional paths are offered once students complete their education for ACCA which include ACCA careers as:

    Financial Accountants

    Ensures accurate financial reporting and adherence to international standards.

    Management Accountants

    Responsible for budgeting, forecasting, and making strategic decisions.

    Auditors

    Examine financial documents to verify correctness and avoid fraud.

    • Tax consultant

    Advises firms on tax strategy and compliance.

    Financial Analysts

    Financial data to inform investment decisions and corporate plans.

    The Chief Financial Officer (CFO)

    Provides strategic financial leadership to corporations.

    These positions demonstrate the diversity and advancement opportunities accessible to ACCA professionals in Maldives.

    ACCA Job Salary Expectations in Maldives 

    Expecting salaries for the ACCA jobs market in Maldives depends upon different circumstances, for instance, what company hires you, in which locality you are, and what your experience and skills regarding that job.

    Entry-Level Salaries

    New ACCA graduates typically get a salary between MYR 10,000 and MYR 18,000 initially per month. These positions are frequently found in audit firms, junior accounting positions, or financial support functions. While the compensation may appear low by global standards, it provides a solid basis for the average salary for ACCA professionals in the Maldives and shows professional advancement in the Maldivian employment market.

    Mid-Level Positions

    With three to five years of experience, the ACCA jobs salary can be  MVR 20,000 to MVR 40,000 per month. Professionals of this level frequently work as accountants, financial analysts, or audit associates for reputable firms, banks, or large resorts. The Maldivian tourist sector, which accounts for a sizable component of the economy, offers lucrative prospects for financial specialists to handle resort finances and large-scale operations.

    Senior-Level Roles

    Senior ACCA-qualified individuals with more than 5 years of experience can expect to earn between MVR 50,000 and MVR 100,000 per month. High-level professionals such as finance managers, financial controllers, and chief financial officers (CFOs) are in demand in both the public and commercial sectors. These roles include additional responsibilities such as strategy planning, regulatory compliance, and stakeholder management.

    Industry-Specific Factors

    Given the huge financial stakes and multinational collaborations, the Maldivian tourism business pays some of the highest incomes for ACCA professionals. Similarly, positions in global enterprises or international organizations may pay a greater ACCA jobs salary and provide better benefits than those in local firms.

    Factors that are involved in Salary Fluctuation and Growth

    In every career domain salary can vary and fluctuate depending upon the individual. However, individual personalized skills, efforts of professional development, and curiosity of learning something new place a high impact on their salary package. A good salary package also demonstrates how much a person is useful to the company as an employee. Here, are some factors that escalate salary 

    Mirchawala's Hub of Accountancy CALL TO ACTION

    Work Ethics and Competence

    Showing abilities related to excellent  working such as critical thinking, attention to detail, understanding government and non-government businesses, and ability to analyze data in depth to determine the ACCA jobs salary

    Experience

    Newcomers in the accounting industry receive modest salaries. However, professionals with experience who expand their skills with time and polish them according to up-to-date trends get more lucrative pay.

    Accounting Skills 

    The ability to apply accounting knowledge to solve real-world problems also affects the salary range of an individual. Accounting skills also need some knowledge of capital markets, both international and domestic, and financial instruments.

    Continuous Professional Development 

    Continuous professional development(CDP) includes certifications and learning some new skills related to the job. This will not increase your ACCA jobs salary but enhance your job prospects for you in the future. 

    Final Thoughts 

    ACCA jobs salary can vary according to experience from newcomers to experience in the accounting field. Students who are studying ACCA aim to grow their professional skills related to accounting with time. Moreover, people who are already in their jobs also target to learn and grow in their profession. All these factors combined do not give just mere hopes instead it will step ahead to your bright career. 

    Frequently Asked Questions(FAQs)

    How can ACCA graduates increase their ACCA jobs opportunities in Maldives?

    Graduates can increase their employability by earning relevant experience, obtaining extra credentials, and remaining current with industry trends.

    Is ACCA recognized in the Maldives?

    Yes, ACCA is well-known in the Maldives, with many firms recognizing its international reputation and thorough curriculum.

    Which industries in Maldives have a strong demand for accountants?

    Tourism, fishing, finance, and government are all key industries that require qualified accountants.

    What are the career chances for ACCA professionals in the Maldives?

    ACCA experts can rise to top positions such as Financial Controller, and CFO, or even create their consulting firms by exploiting their knowledge and networks.

    What is the average ACCA salary for finance professionals in Maldives?

    Entry-level ACCA practitioners typically earn between MVR 10,000 and MVR 20,000 per month. Experienced accountants can earn more than MVR 50,000, depending on their specialization and employment.