Tag: ACCA Studies

  • Benefits and Eligibility Criteria of ACCA Exemptions for CA

    Benefits and Eligibility Criteria of ACCA Exemptions for CA

    ACCA Exemptions for CA: Benefits, Claiming Process, and Eligibility Criteria Explained 

    In India, the Chartered Accountancy (CA) degree is highly competitive. Whether you have earned one already or are pursuing one now, you may be thinking about how you could boost your career scope overseas. Despite having considerable significance in India, the Association of Chartered Certified Accountants (ACCA) provides access to a worldwide accounting profession due to its recognition in more than 180 countries.

    Let’s start with some good news. As a CA professional or student, you can take advantage of significant ACCA exemptions, so you don’t have to start from zero. This blog has all the information you require related to the ACCA exemption for CA candidates, including requirements, expenses, and the application procedure.

    Is ACCA Worth Doing After CA?

    Since ACCA has a passing percentage of 40–50% and CA has a 4-5% passing percentage, chartered accountants are in higher demand than ACCAs. It is always worthwhile to do ACCA after CA. Your skill set would grow as a result, and you would gain international recognition. You would have several opportunities as a result. You will need to pass four papers because you have nine exemptions.

    Many people believe that ACCA is solely for people who want to live overseas. In actuality, ACCA offers a fantastic career scope both outside and in India. Pursuing a globally recognized certification such as the ACCA is the only way to attain such global competitiveness.

    To assist you in finding internships and career placements, ACCA maintains a specialized job portal with over 7300 approved organizations. There are hundreds of positions listed on jobs.accaglobal.com, which may be viewed by sector, job role, and nation. Bookkeepers, business analysts, financial accountants, management accountants, tax consultants, forensic accountants, treasurers, finance business partners, and many more are included in this broad category of occupations. Additionally, occupations are found in a wide range of industries, including public practice, banking and financial services, digital, healthcare, education and training, and defense and military.

    How to Claim ACCA Exemptions for CA

    When looking to take advantage of the ACCA exemptions for CA, consider the following crucial factors:

    1. Check Your Qualifications & Work Experience

    If you work as a CA or have recently obtained a CA qualification, you may be eligible for exemptions. This is because every topic will be new to you. 

    2. Time Passed Since Qualification

    If you haven’t held the relevant position for a while and your qualifications have expired, don’t claim exemptions. A lengthy lapse may have caused you to overlook certain crucial subjects. Studying for the ACCA exam would be more sensible in this case since it would allow you to brush up on your knowledge. 

    3. Assess Your Preparation

    If you can’t decide, try looking at previous exam papers and trying to answer the questions.

    Compare your responses to the mock paper answer; if you are sure that you can pass the exam, apply for the exemption or think about studying for every paper. 

    4. Consider the Costs 

    Filing for exemptions can result in savings on tuition and study materials. Nonetheless, the ACCA still requires payment of an exemption fee equal to the exam fee for the paper.

    5. ACCA Exemption For CA and CA Inter Students 

    ACCA exemptions

    As a CA student, you can claim 9 exemptions out of 13 papers. The exempted subjects are

    1. Business and Technology (BT),
    2. Management Accounting (MA),
    3. Financial Accounting (FA),
    4. Corporate and Business Law (LW),
    5. Performance Management (PM),
    6. Taxation (TX),
    7. Financial Reporting (FR),
    8. Audit and Assurance (AA),
    9. Financial Management (FM).

    CA inter students are eligible for five ACCA exemptions. Only after passing both CA IPCC groups can you take advantage of these exemptions. Business and Technology (BT), Management Accounting (MA), Financial Accounting (FA), Taxation (TX), and Audit and Assurance (AA) are among the exempt disciplines.

    For CA foundation students, there are no exceptions. 

    Additionally, you receive four exemptions in the following subjects: Business and Technology (BT), Management Accounting (MA), Financial Accounting (FA), and Corporate and Business Law (LW) if you have a BCom or MCom degree.

    How to Request ACCA Exemption

    Exemptions can be applied for in two ways. First, when registering on the ACCA website, candidates can request exemptions. Another choice is to send materials to ACCA via email.

    Along with award certificates or academic transcripts, you will need to present official documentation of your CA qualification. The ICAI should sign the paperwork.

    The ACCA will evaluate your qualifications and decide whether or not you qualify for exemption based on the evidence you provide.

    You can request a renewal exemption if, after enrolling in the ACCA course, you have obtained additional certifications. You must, however, submit your application for the exemption at least 20 days before the exam entrance deadline.

    ACCA Exemption Benefits Following CA

    These  are some key benefits the ACCA exemptions for CA: 

    • Time Savings: Students can speed up their ACCA learning journey and save a lot of time by claiming exemptions in specific courses.
    • Cost-Effective: CA students can save money on study materials, tuition, and examination costs for particular papers by using exemptions to bypass some exams. This cost-effectiveness is advantageous, particularly for individuals with limited funds or looking to reduce financial stress while pursuing their ACCA studies.
    • Morale Boosting: Exemptions acknowledge the knowledge and skills acquired by CA certifications. Students’ confidence is greatly boosted by this alone.

    Bottom Line

    CA-qualified professionals and students have an excellent opportunity to expedite their journey to becoming globally renowned chartered accountants through ACCA exemptions for CA. By taking advantage of these exemptions, aspirants can save time and money while simultaneously increasing their career opportunities worldwide.

    Students need to just make sure they understand all of the prerequisites, including charges and exemptions, if they intend to apply for ACCA after CA. Take ACCA admission at Mirchawala’s Hub of Accountancy for personalized guidance and support. As an ACCA-certified learning partner, we can help you expedite the exemption and registration process so you’re ready for success on your ACCA journey.

    Frequently Asked Questions (FAQs)

    Q1: Is ACCA Worth Considering After CA? 

    Ans: Pursuing ACCA in India is the best decision for those professionals looking to work for multinational corporations (MNCs) or pursue opportunities outside of India. Certified accountants (CAs) are among the most respected accounting professionals in the country. Professionals with CA certificates can complete the ACCA qualification more quickly and affordably by using the applicable ACCA exemptions for CA.

    Q2: Can you do ACCA during your CA Article ship?

    Ans: Of course, you can complete both your CA and your articles! It will also benefit your studies for your CA course. You will receive your ACCA membership as soon as you complete the course because the CA article ship will be regarded as practical experience in ACCA as well.

    Q3: What are CA’s ACCA exemption fees?

    Ans: Students need to pay a fee for each subject exemption they request. The applied knowledge level test has an exemption cost of £84 per paper, whereas the applied skill exam has an exemption fee of £114 per paper.

    Q4: Is ACCA better than CS?

    Ans: The responsibilities of a CA(SA) above are mostly the same for those who pursue an ACCA qualification. The ACCA and CA(SA) syllabi share a lot of commonalities. The primary distinction between the two is that an ACCA is a worldwide qualification or a global professional degree, while a CA(SA) is a local qualification. 

    Q5: What are the 4 papers for ACCA after CA?

    Ans: Out of the 13 ACCA papers (F1 through F9), an Indian chartered accountant is eligible for up to nine exemptions. By just passing the four papers, you can begin your professional qualification with ACCA exemptions for CA.

    Q6: Which is the best online ACCA institute in India?

    Ans: While there are many leading names for the ACCA courses in India, Mirchawala’s is an ACCA-approved premium provider with a notable industry reputation and a huge number of students worldwide. 

     

  • Tips from Experts on Resuming Studies After a Prolonged Break

    Tips from Experts on Resuming Studies After a Prolonged Break




    Introduction:

    A long study break can sometimes be needed for personal growth, mental well-being, or handling life responsibilities. Resuming studies after a long break can be a little tough. However, when it is time to study after a break, many students find it difficult to set up in new study plan. But with the right strategies, you can achieve momentum and achieve your academic goals smoothly. 

    Why it is not easy to get on track after a long study break

    Returning to study after a break presents multiple challenges. As our minds find it difficult to get back to the constant routine and keep on distracting. Moreover, it takes some time to adjust to a new routine. Here are factors that show why it isn’t easy to resume studies again.

    Difficulty in recalling concepts 

    Memory fades over time, making it difficult to review past lessons. And, it is also difficult to absorb new concepts.

    Reduce focus

    Your focus will be lost when you take a study break. Staying engaged and focused on the study material needs re-training of the brain.

    Lack of motivation 

    When there is a change in constant routine motivation will decrease. It is sometimes difficult to regain enthusiasm, especially after a prolonged study break.

    Difficulty in managing time for studies 

    After a long study break it becomes difficult to manage time and allocate hours to different subjects. A disrupted schedule makes it tough to divide study hours effectively.


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    Fortunately, there are actionable steps you can take to study after a break and make the transition smoother. 

    8 Helpful Tips to Get Back on Track After a Lengthy Study Break

    Here are a few tips that will help students to get back on track after a long study break. 

    • Set practical goals and create a study timetable

    Start by setting clear yet achievable goals. Break down your study subjects into manageable sections and design a study timetable that fits your daily routine. Prioritize tasks based on urgency and importance to make certain a balanced work-life study.

    • Ease into Studying with a Gradual Approach

    Jumping straight into intense exam preparation tips can create mental pressure. Instead, start small by studying for short intervals and gradually increase the duration. Implement effective study tips to maintain a steady pace. 

    • Use Online Study Resources for Assistance

    Accessing study material in the form of online study resources is highly valuable. These include educational videos, practice quizzes, research articles and discussion forums. Whether you are preparing for professional exams like ACCA or some else exam, online platforms offer valuable insights and interactive learning experiences. 

    • Review Study Material from Previous Sessions

    A refresher of past lessons is of utmost importance when it comes to strengthening your memory. Give specific time to review study material before diving into the topics. Flashcards, summary notes and mind maps are excellent tools for revision. 

    • Develop a Strategic Study Plan

    An effective study plan should incorporate time for revision, practice tests, and breaks. For retaining what you study apply different techniques. Additionally, the pomodoro technique, spaced repetition can help in retaining information more. 

    • Stay Consistent with a Routine for Study

    Remaining constant is the key to returning to study after a break. This can be done by having a daily study routine by setting fixed study hours. Over time, your brain will adapt, making study a natural habit.

    • Find Study Motivation and Accountability

    Staying motivated after a long study break can be difficult. You can easily get lost and drained. Set personal small rewards after every study session. Joining study groups and seeking a mentor help to keep you accountable. Understanding your “why” behind the study can also help in building a passion for learning more and more.

    • Manage Time Effectively and Balance Commitments

    Use planner apps to organize your day effectively and make a to-do list. Avoid distractions, set specific study goals and make the best out of available time. Balancing studies with work and personal life requires proper time management for study.

    Techniques that can amplify the study

    Different techniques can make study easy and more structure 

    • Spaced repetition 
    • Peer teaching 
    • Rewriting notes 
    • Flash cards

    Conclusion 

    Getting back into a study routine after a long break is a challenge but it is entirely possible. Setting realistic goals, using study tips, and maintaining a structured study timetable can help in the transition. But staying constant and taking action with these tips are necessary for every studies globally. Without actions, nothing is useful. By applying these smart study methods and techniques, you can regain focus and move forward with your studies. 

    Frequently Asked Questions

    How do I regain focus after a long study break?

    Start with small study sessions, use study strategies, and remove distractions. Gradually increase study time while implementing focus-enhancing techniques like the Pomodoro method.

    What are the best study tips to get back into routine?

    Create a study timetable, set specific goals, use online study resources, and maintain a routine for study to develop consistency.

    How can I stay motivated while studying?

    Find a study motivation strategy that works for you, such as rewarding progress, joining study groups, or setting career goals linked to your studies.

    What is the best technique after a break to retain information?

    The most effective study tips include active recall, spaced repetition, and summarizing notes. Reviewing past lessons before starting new topics helps reinforce learning.

    How do I balance work, life, and study?

    Efficient time management for the study is key. Prioritize tasks, set realistic goals, and schedule study hours that align with your personal and professional responsibilities.

  • Part-Time Jobs That Complement Your ACCA Studies

    Part-Time Jobs That Complement Your ACCA Studies

    Keeping a job with studies is a difficult task but still many companies and countries in the world encourage students to do jobs with their studies. Why? Because part-time jobs can pay students so well in the long term, not only in terms of money but also in learning and experience. They can open a world of new opportunities for themselves. Let’s read the type of Part-time Jobs and ACCA Studies and see the benefits of part-time jobs.

    What does a part-time job mean?

    A part-time job is a type of employment that consumes less than 30 hours per week. Part-time work often comes in shifts and work is organized in such a way that professionals and students can manage their personal lives and studies.

    Part-time jobs that complement your ACCA studies

    There are plenty of job sectors that offer jobs in the finance domain to the students.

    Audit intern 

    Students can get hands-on experience in both external and internal audits by working as part-time audit interns. In this role, the employer will examine financial records, collect data, and summarize findings under the guidance of a senior assistant. This role is suitable for ACCA students as Auditing is a major part of the ACCA qualification.

    Accounts Payable 

    This role is focused on transactional accounting and managing finances This role involves task accounts receivable, accounts payable, and reconciliation. By handling the inflow and outflow of the money ACCA students can develop practical skills in managing company finances and delays and errors in payments.

    Read More https://mirchawala.com/blogs/explore-the-benefits-of-studying-with-the-acca-approved-learning-partners/

    Tax Assistant

    This is the best part-time opportunity for ACCA students. This job role might include responsibilities such as filing tax returns, tax compliance, and filing tax returns. This role provides enough exposure to taxation, the core subject of ACCA studies. 

    Junior Accountant 

    A Junior account plays a very valuable role in managing the financial matters of business. As a part-time junior assistant, students do tasks like financial data entry, reconciliation, and bookkeeping. 

    Financial analyst support 

    One of the Part-time  jobs in finance is financial analysts develop the decision-making and analytical skills of the students. As a part-time role of junior financial analyst key tasks comprise financial modeling, data analysis, and market research.  

    Benefits of part-time jobs

    Part-time jobs give huge benefits to employees. The scope of the job may vary surely, part-time work is beneficial for students. Let’s see what benefits it gives.

    Firm your productivity

    Part-time jobs give solid productivity while having financial gains. Students are using their time in meaningful jobs rather than wasting it on other useless activities. In addition to that, part-time ACCA accountant jobs make students  punctual and disciplined.

    Flexibility and convenience 

    One of the attractions of part-time jobs is their flexibility and comfort. Students and individuals with personal responsibilities( families and personal responsibilities) can easily manage these jobs. Scheduling a part-time job is often rotational and gives huge favor to students. They can work in shifts and on different schedules.

    Skill development

    One more benefit of a job in finance is skill development. It will make students confident enough in themselves for actual full-time employment. Moreover, it will improve finances and communication is developed on a professional level.

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    Factors to look upon before joining part-time jobs

    Here are certain factors to keep in mind before starting a ACCA accountant jobs

    • Checking the location too far from your place consumes more time.
    • Prefer remote jobs over physical jobs.
    • Join jobs that offer great work ethics without over-pressurizing for work.
    • Look hours before the jobs and see hours do not exceed more than 30 hours.

    Conclusion

    Part-time jobs should be joined by every student who wants to upskill and improve their communication skills. Moreover, it will have a great future impact on your resume when you go for full-time employment. Combinedly factors such as locality, job role, and the intent of the job to get an easy start with your part-time job. Keeping in mind all the factors it is easy to manage part-time jobs and ACCA studies.

    FAQs

    Do part-time jobs need a resume and CV?

    Yes, a very excellent CV is not needed but, a CV reflecting your long-term goals and highlighting your interpersonal skills like communication is enough to get the part-time role.

    How do I get a part-time job?

    Many websites like LinkedIn, indeed list many part-time jobs for students. You can also get a part-time job with networking and referral by a senior or some known mentor. 

    What factors are needed to look for a part-time job? 

    See your location and match the job timings with your daily routine and look upon the hours of job. 

    Is it difficult to get a part-time job?

    No, it is not difficult to get a part-time job continuously and, seek referrals if you can to get the job.

    Do ACCA accountant jobs affect my studies?

    No, it completely depends on how you manage your schedule and align your priorities with your job.

    Are part-time jobs preferable?

    Yes, part-time jobs are preferable for students and working professionals to get experience in job domains.

  • How to Balance Full-Time Work with ACCA Studies in Ireland

    How to Balance Full-Time Work with ACCA Studies in Ireland

    Overview:

    Working during your study period makes you professional enough to see career challenges and deal with them. It’s not mandatory to do your field jobs, but a job that develops your skills is an excellent option. While working, soft skills such as communication, professional ethics, and logical thinking count. For students studying ACCA in Ireland and working along with that need tips to balance profession and study. In this blog, you will see some practicable tips on how to manage ACCA studies while working.

    Brief of ACCA Syllabus

    ACCA syllabus consists of 13 exams with three main levels: Applied knowledge level, Applied skill and strategic professional level. Students must pass all these 13 exams to achieve the ACCA(Association of Standard Chartered Accountants) certification. These modules consist of three, six and four exams respectively.

    Tips to Balance ACCA Full Time-Work with ACCA Study in Ireland

    If you are working full-time or part-time other than ACCA studies globally or in Ireland you can follow these tips to create a balance in your life without disturbing your personal commitments.

    Create Discipline

    Discipline is essential for achieving success. Make your routine wisely, and it will reflect your daily tasks. Stick to that routine daily, wake up early, and fit into your job and study routine. Keep track of your weekly and daily progress related to study and work. Discipline helps you beat procrastination and stay focused on the end goal. 

    Define Your Priorities

    When working along with studies, you have to define your priorities. See which tasks are most important and prioritize them, then move towards the moderately important ones. Set aside a specific time for each piece of work. For ACCA study strategies for working professionals, in Ireland, it’s important to master the syllabus  without neglecting your job opportunities. 

    Minimize Social Gatherings 

    Social gatherings are important for your mental well-being, but prioritizing them for the sake of your studies is not a good approach. Say polite no to social events that are no less important than your studies. Avail, this time of social gathering to recharge, rest, and save energy for learning things.

    Brief Your Study Notes

    It’s easy to study notes rather than from thick books. Take time from your daily routine to assemble notes into flashcards, and bullets and write them in separate notebooks. It’s handy to carry these notes with you everywhere, also learning becomes easy with brief notes without draining your brain.

    Join Online Options for ACCA Studies 

    Jobs already consume a lot of your time of day, so it’s highly preferable to join online tuitions for ACCA studies in Ireland. Online tuition providers like Mirchawala’s Hub of Accountancy give customized lectures on each subject of ACCA to fit into your work life. Now you can easily prepare for ACCA with your job without feeling tense and anxious. You can explore their website for further information Mirchawala’s Hub of Accountancy.

    Time Management

    Managing time is surely a way to success because time is the best asset. Students can manage time with the following tips for time management for ACCA Students, balancing full-time work with ACCA studies in Ireland.

    • Never rely on memory: Write down chores and set reminders to help you remain on track. A thorough list helps you stay organized and decreases stress.
    • Front-load priorities: Take on the most critical chores early in the day or week, when your energy and focus are at their highest.
    • Begin small: Completing lesser things first develops momentum and frees up brain space for larger ones.
    • Decluttering: A tidy workstation promotes clarity and decreases feelings of overwhelm.
    • Plan. Create a to-do list for the following day before leaving work to ensure a productive start.
    • Single-tasking: Concentrate on completing one activity at a time, as multitasking reduces attention.

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    Maintain Healthy Lifestyle

    Keep up a healthy lifestyle at least during your ACCA studies. Connect with like-minded people, exercise, and pick up healthy foods. These habits increase your study and working stamina. Seek success stories of successful ACCA people and connect with peers more often. This will save you from exhaustion.

    Conclusion

    Managing ACCA Studies in Ireland with a full time job is difficult, but work is important for professional development or collecting cash for bills or supporting study. The above tips if followed thoughtfully aid so much in your studies and give results as well. In addition, you can also infuse your own tips that align with your schedule and time of the day. In this way, you can easily find success for ACCA in Ireland and become a successful being in your professional life as well.

    Frequently Asked Question( FAQs)

    What is the greatest time management approach for balancing work and ACCA studies?

    The ideal time management approach is determined by individual tastes. However, a mix of prioritization, disciplined procedures, and efficient utilization of available resources is often effective. Effective tactics include generating daily to-do lists, using digital planners, and setting explicit deadlines.

    I’m working during the day. Is it possible to select classes at night?

    Yes, several ACCA training schools and online platforms provide evening and weekend programs geared toward working people. These classes offer flexibility, allowing you to continue your education while maintaining your employment schedule.

    Are online ACCA Study Resources for Busy Professionals. beneficial?

    Yes, online ACCA programs are quite effective, providing the freedom to learn at your own speed. They frequently feature video lectures, practice quizzes, and interactive sessions geared toward busy professionals.

    What are the greatest resources for ACCA preparation while working full-time?

    Use ACCA-approved study books, online tools, and tuition providers, and provide flashcards and practice examinations. These tools are concise and useful for saving time.

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