OVERVIEW:
ACCA is a highly regarded and well-acknowledged qualification not only in Zimbabwe but around the globe. Various factors make ACCA the best accounting qualification, some of which are discussed ahead in the blog.
WHAT IS ACCA QUALIFICATION?
ACCA is one of the best accounting qualifications, recognized and regarded globally. It helps the aspirants build their careers in accounting, finance, and business sectors. The qualification consists of a series of 13 exams, these exams are further divided into three levels (Applied knowledge, Applied skill, and Professional Strategic level). ACCA qualification provides accounting understanding from the fundamental level to the Advanced level, preparing students for the complex professional world of accounting and Finance. The qualification doesn’t limit itself to academic understanding but also has a strong emphasis on Professional and ethical considerations and it demands 3 years of work experience to complete the qualification officially.
WHY IS IT CONSIDERED THE BEST ACCOUNTING QUALIFICATION?
There are numerous benefits of ACCA qualification in Zimbabwe, from its flexibility to the rising demand for ACCA-qualified professionals. However, some of the benefits of this qualification are discussed below:
GLOBAL RECOGNITION:
Global recognition of ACCA qualification plays a vital role in making it the best accounting qualification, it is a gateway for accounting aspirants seeking global career opportunities. ACCA qualification offers global exposure for professionals. ACCA-qualified professionals in Zimbabwe can work locally as well as internationally, as the demand for accounting-qualified professionals is always seen in the international job market.
COMPREHENSIVE CURRICULUM:
ACCA provides a very versatile yet in-depth syllabus, rather than bounding student’s knowledge to a specific subject it offers students various aspects of accounting, finance, and business sector enabling them to handle complex financial and strategic issues easily. The aspects included in the ACCA curriculum are; Accounting, taxation, auditing, law, financial reporting, etc. Nevertheless, the comprehensive curriculum adds value to the ACCA professionals and makes ACCA the best accounting qualification.
HIGH-QUALITY RESOURCES:
The global recognition of the qualification makes ACCA qualification easily accessible, there are various local course providers in Zimbabwe. Apart from that, many tuition providers are available online from various countries that offer Online courses, reliable study material, and personalized study plans for the students of ACCA. The facility of these online ACCA institutes brings forward multiple options for students to choose from and gives them a chance to network with ACCA members around the world. The accessibility of ACCA study material is just another reason why ACCA is considered to be the best accounting qualification.
EMPLOYER RECOGNITION:
Another major reason ACCA is the best accounting qualification is that many multinational organizations in Zimbabwe seek qualified professionals of ACCA as the qualification’s strong curriculum and ethical standards instill all the skill sets in the ACCA member required for an organization’s business growth and financial transparency. These professionals are highly in demand locally as well as in the international job market. ACCA-qualified professionals are offered handsome salary packages as compared to non-qualified accountants. The financial stability and career opportunities that this qualification offers are highly remarkable.
PROFESSIONAL DEVELOPMENT AND NETWORKING:
ACCA offers continuous professional development (CPD) opportunities to its members, which helps the members stay updated with industry changes, trends, accounting standards, regulations, and best practices. ACCA also offers global networking opportunities to its members, they can network with their peers, alumni, employers, etc. This global networking opens the door to various global career opportunities and career advancement opportunities.
FLEXIBILITY:
ACCA qualification is considered very flexible as it allows the students to learn at their own pace and preferences. Students can take exams in various sittings and learn by their chosen study mode (online, part-time, self-study, etc). This flexibility encourages the working students to avail this qualification. Other than that, the qualification doesn’t bind the professionals to work under a specific role, rather opens numerous pathways such as tax consultant, auditor, financial analyst, management accountant, etc. It is a very progressive career that offers advancement to high management roles such as CFO, Career advancement completely depends on an individual’s skill set and experience.
SUPPORTIVE COMMUNITY:
A supportive community of ACCA is available in Zimbabwe as well, these communities help the students and young professionals to navigate their journey of ACCA with ease. These communities offer mentorship programs and professional networking with mentors and student associations. These communities not only guide the students but also help them stay motivated towards their studies. The presence of such communities can not be witnessed in some other accounting qualification, hence, it can be considered another reason why ACCA is the best accounting qualification.
ECONOMIC RELEVANCE:
Zimbabwe has a very dynamic and complex economic situation which demands Skillful ACCA professionals to navigate through the complex economic and financial landscape of Zimbabwe. ACCA professionals are prepared for these situations with the help of local and international financial reporting standards. Through these standards, ACCA professionals help organizations and businesses perform business activities in compliance with these regulations while contributing to the sustainable economic growth of the region.
CONCLUSION:
Hence, it is concluded that ACCA is considered one of the best accounting qualifications. The factors that make it the best amongst the rest are the global recognition enabling professionals to avail international career opportunities and a dynamic job market, a comprehensive curriculum concentrating not only on the academic side but also prepared with the required skills to dive into the complexities of the financial sector, accessibility to high-quality and reliable study material or resources, employer recognition around the world as the ACCA-qualified professionals are highly in-demand, handsome salary packages, career advancement, professional development, and networking, flexibility, supportive community and economic relevance, etc.
FREQUENTLY ASKED QUESTIONS:
Is ACCA recognized internationally?
ACCA qualification is well-acknowledged in around 180 countries of the world, making it the best internationally recognized qualification for finance, accounting, and business professionals.
What career opportunities are available for ACCA members in Zimbabwe?
ACCA members in Zimbabwe can work from small startups to large multinational organizations in various industries, these professionals can work in the role of auditor, financial accountant, taxation, financial analyst, management accountant, etc.