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  • Have You Failed the ACCA EXAM

    Have You Failed the ACCA EXAM

    Have You Failed in the ACCA Exam? These Habits might be the Reason…

    Qualifying for an ACCA exam is quite tough. Hence, failing the ACCA exams is not uncommon. However, if you study actively and smartly and avoid procrastination, there are numerous strategies to improve your odds of qualifying for any ACCA exam on your first attempt. The secret is to become proficient in the subject, become accustomed to the format and time limits of the exam, and develop your abilities and self-assurance so that you can demonstrate them successfully on exam day. By committing to habit monitoring and regularly using general knowledge, you can avoid failing the ACCA exam. Let’s look at some of the major habits that might be the reason you failed the ACCA exam.

    Start Studying Anywhere 

    Students’ capacity to absorb and retain information can be greatly impacted by the setting in which they study. An hour spent studying in a library is more productive than four hours spent studying in the TV lounge. A setting that is busy or noisy might be distracting and make it hard to concentrate.

    To build the right environment for study, establish a focused and well-structured study space, make sure there is adequate lighting, locate a peaceful area away from interruptions, and keep all required study supplies close at hand. Efficiency and concentration can be improved by a neat workspace.

    Getting Excessive Amounts of Information

    Many students try to commit a lot of knowledge to memory without really understanding it. A lot of students try to commit a lot of information to memory without really grasping the ideas. Students cannot learn well if they attempt to absorb too much knowledge at once. It might cause misunderstandings and hinder memory recall.

    Focus on comprehending the fundamental ideas and concepts and consider quality precedence over quantity, consider dividing the content into manageable portions, and concentrating on a single subject at a time. Make use of study resources that provide succinct, simple explanations of subjects. To help you retain what you’ve learned, take breaks.

    Always Overburden

    Since ACCA students have a lot of material to learn, it’s easy to feel overwhelmed by the sheer volume of information covered in ACCA exams. You must avoid becoming overburdened by the amount of work you have to accomplish.

    Divide the content into smaller, easier-to-handle portions and a lots enough time for every subject. Making a study plan will enable you to go over everything without being overburdened. Set priorities for your study topics and work on each one separately.

    Recall that it is preferable to move slowly and steadily rather than quickly.

    Examining Responses Before Attempting the Question 

    It’s common for some students to go over the answers before trying to answer exam questions. However, it is a common student inclination to view answers before attempting the question; this disrupts the learning process and can result in poor performance. As a result, it is not a good method for students like you to learn or remember knowledge. Start by giving the questions your best effort and exploring the areas for improvement. Go back and review your responses later and contrast them with the sample responses you wrote. This will strengthen your comprehension of the subject matter and assist you in identifying areas in which you need to improve.

    Procrastination

    A lot of students see ACCA as a qualification, much like other college or university courses, especially those who are just beginning their program. Exams can be passed with only a little extra effort near the exam. But this is not how you pass the ACCA exam. I’ll finish it later, tomorrow. Guys, set a schedule and follow it. Later on, when you have months of lectures to learn in a week, the “pain of sitting down to revise for a few hours and following your schedule is a lot less pain than you will feel.“

    Ignoring the Theory Portions of the Syllabus

    ACCA exams often consist of both descriptive and numerical questions (some exams have just theoretical questions). However, it has been observed that a large number of students spend most of their preparation time practicing numerical problems and do not take the theoretical portions seriously. It is among the main causes of low passing scores on exams like the MA, PM, FM, and others. As you study for your tests, be sure to practice descriptive questions. Keep in mind that reading about the subject is not enough; you also need to practice writing about it.

    Last Verdict

    These are a few habits that might be the reason why you failed the ACCA exam. No doubt, ACCA examinations are difficult, but with the right study techniques, you can pass them. Trust yourself and keep working. Anything you set your mind to, you can accomplish. Mirchawala is there to support you in your ACCA learning journey. Our expert teaching can guide you throughout the journey. Contact us to know more!

    Frequently Asked Questions (FAQs)

    Q: Why do people fail in ACCA?

    Ans: It might be that you were not diligent about your study time, that you tried question spotting, which doesn’t work, or that you wasted time taking notes without learning anything. According to experts, students who pass generally devote 150 hours or more to their studies for each paper.

    Q: How to deal with ACCA failure?

    Ans: On the ACCA Global website, you can receive insightful examiner reports after failing an exam that will change the way you approach every subject. You can adjust your approach by using the feedback to gain insight into what the markers are seeking.

    Q: Why is ACCA so hard to pass?

    Ans: The extensive breadth of the certification is reflected in the sizeable amount of study material included in the ACCA curriculum. Comprehensive Reading Materials: There are study guides, revision aids, and practice questions specific to each of the 13 exams.

    Q: What is the fastest way to finish ACCA?

    Ans: Working and studying together is the fastest approach to qualifying for the exam. You might be eligible in as short as three or four years if you do. 

  • A Step-by-Step Guide on How to Start ACCA After 12th

    A Step-by-Step Guide on How to Start ACCA After 12th

    Starting a valid career in your teenage years offers you privilege and many advantages throughout the journey. Does such a career exist that you can start after completing 12? Yes, careers in accounting and finance. ACCA gives students an opportunity to start their journey before a certain age. This article will give you a complete guide on how to do ACCA after 12, requirements, and benefits.

    Prerequisites to start ACCA after 12th

    Certain points need to be considered before starting your ACCA Ireland.

    • Age limit

    Students must be eighteen or above 18.

    • Education

    High school education must be completed with the minimum percentage of 65% in English, Accountancy, and Mathematics. In addition, candidates must have a minimum 50% score in every subject to start ACCA.

    • No subject specialty needed

    Students from different streams can do ACCA  after  12th. Whether you have a science, arts background, and commerce background. One thing that is needed to know is that students with non commerce and science backgrounds have to put in more extra effort. In that way, students can get a grasp of accounting fundamentals in the initial stage but once it is done ACCA journey becomes easy.

    • ACCA Level Insights 

    Tuition centers must be joined by students in the early stages to get a complete grasp of the subjects and awareness about the ACCA Ireland 

    ACCA exam levels and subjects 

    After 12th students need to pass through 3 levels. This will prepare them for professional and theoretical development.

    Applied knowledge level

    It is the foundation level and has 3 exams. Students have to secure 50% marks to pass through these exams. All  three exams are based on OTQ(Objective type questions)

    Applied skill level

    The applied skill level is level 2 of ACCA and it contains 6 subjects and the same requirements of 50% passing marks as the applied level. The subjects included in this level are 

    • Taxation(TA)
    • Financial reporting(FR)
    • Audit and Assurance(AA)
    • Financial Management(FM) 
    • Corporate and Business Law (LW)
    • Performance management(PM)

    The subjects like FM, FR, AA, PM, and TX include 60% objective types and 40% Subjective type Questions. Corporate and business law includes objective-type questions only. 

    Strategic Professional level

    At this level, you have 4 exams in total and choose two exams from the optional subject. All of these 4 exams are subjective types and you need 50% marks to pass through these exams. 

    Essential 

    Strategic Business Reporting(SBR)

    Strategic Business Leader(SBL)

    Options 

    Advanced Performance management (APM)

    Advanced Financial Management( AFM) 

    Advanced Taxation(AT)

    Advanced Audit and Assurance (AAA)

    Start your ACCA Journey With Mirchawala Hub of Accountancy 

    Mirchawala Hub of Accountancy is an excellent approach to start your ACCA after 12 and put your efforts on the right path. We help you by creating awareness about the ACCA study, unmatchable study approach, and guidance from expert teachers. Mirchawal goes beyond the limit to make you confident enough in your preparation so you may make it through the ACCA journey. So now!

    Learn smarter, succeed faster. 

    ACCA Course Fee

    ACCA course fees for the complete duration of ACCA after 12 are different in different regions. However, the fee depends upon the number of attempts and any tuition and coaching fees. You can check the fee for ACCA exams here: Fees | ACCA Global

    The tuition fee for the ACCA course is here; Admissions.

    Mirchawala's Hub of Accountancy CALL TO ACTION

    How to start with ACCA

    Here are a few steps you can follow to start with your ACCA preparation.

    • Check Eligibility 
    • Registered with ACCA.
    • Choose an appropriate entry path
    • Direct entry
    • Foundation in Accountancy
    • Choose a learning partner/Self-study.
    • Plan exams 
    • Pay fee
    • Prepare for exams 
    • Gain practical experience 
    • Achieve membership 

    Advantages of pursuing ACCA after 12 

    Below are the few benefits that comes when you choose ACCA after 12 

    • Early career Advantage 

    Starting a career early in ACCA leads to early finish of your exams. Early career advantage can uplevel employment opportunities more for early comers. 

    • Career clarity 

    Instead of hoping into different careers students become inclined towards a single career.Mind becomes more clear when one is more focused on a single thing.

    • Future security 

    Selecting a career path early brings security about the future. Moreover, ACCA qualification itself is a sign of a stable future.

    • Skill development 

    ACCA qualification brings skill development. Now students do not have to worry about skill learning as ACCA teaches them a lot of things. 

    Conclusion

    The dream of becoming a successful accountant in the present era is a good career decision. But, not only deciding on that is not enough. The necessary step has to be taken to start your journey of becoming a successful accountant by doing ACCA after 12th. Dig out all the necessary information on the syllabus and subjects and start your journey of becoming a qualified accountant. 

    FAQs (Frequently Asked Questions)

    Do ACCA qualifications need more time after the 12th?

    No, ACCA duration after 12 have completion time of two to three years 

    Does ACCA seem difficult after 12?

    Yes, it can feel difficult initially but after syllabus and subject awareness, the journey becomes easy.

    Can students across different educational backgrounds join ACCA?

    Yes, students from different backgrounds can join ACCA. Basic knowledge needed to be gained in order to build the foundation for preparation ahead.

    How many times can one attempt ACCA exams?

    ACCA exams happen for the fourth time in a year, so students can attempt according to their desired will.

  • Networking Opportunities for ACCA Students in Maldives.

    Networking Opportunities for ACCA Students in Maldives.

    ACCA study needs command of every subject and a wise approach towards preparation. But certain things that can add to the ACCA preparation of students are networking and in short words connecting with people in the same domains. This article will reflect on the networking opportunities for ACCA students in Maldives. Also, few benefits of networking that give advantages to their preparation to some extent.

    ACCA students networking opportunities  

    Building a network as an ACCA student plays a very critical role in the professional development of students, particularly in qualifications like ACCA(Association of Standard Chartered Accountants). 

    Virtual networks/ Online networks

    There are several online networks through which students can connect and see opportunities. 

    Reddit and Quora groups

    Quora and Reddit have groups that give student support, answers to queries, and discussion forums for students. These groups address the queries of global-level students. 

    Webinars

    Many ACCA bodies and organizations let students attend webinars on exam updates, industry trends, and career guidance. This is helpful for students to let them connect with industry experts for guidance. 

    Facebook Groups 

    Different Facebook groups in Maldives are a golden chance for ACCA Students in Maldives

     It will allow them to connect with people who share common goals with each other. 

    Linkedin groups 

    LinkedIn groups are professional groups that give students a chance to connect with mentors and take part in discussions. Moreover, on this professional platform, students can connect with people who are already a part of the ACCA job market.

    Physical networking opportunities for ACCA members in Maldives

    There are different physical networking opportunities which students in Maldives can find helpful. 

    Workshop

    Different educational institutes organized workshops for students. These workshops are in-person workshops and students can interact with each other and experts as well. 

    Tuition centers

    Tuition centers are another unique means of networking, where many like-minded people come and study the same things for a specific period. Tuition networking gives more like friendships. 

    Seminars and Conferences

    ACCA networking events in Maldives Accounting, finance, and professional development events are excellent opportunities to network with industry professionals and other students.

    Types of people you can network with 

    There are certain categories of people  for ACCA students in Maldives, to connect with them. 

    Mentors 

    These are professionals people students can connect with on a professional level via their Gmail and personal contact numbers. Having a mentor by your side improves your preparation and also you get the best insights from their personal experience. That will eventually increase your learning.  

    Peers in the same batch and class 

    Students can learn a lot from people in the same class. Connecting with your age mates develops respect and mutual support for learning. Moreover, discussing things on the same level can immediately improve learning. 

    Seniors who have completed ACCA 

    There are seniors and alumni from the previous class who have completed their ACCA journey. They can give you the best advice and suggestions because they once passed through that stage. 

    Juniors study ACCA 

    Students below you starting their fresh journey can teach you many things. In addition, you can learn their perspectives about study and exams.

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    Benefits of networking for ACCA students in Maldives 

    Supportive networks for students give huge support to the students in their preparation and personal development. Here are the different benefits of networking

    • Increased awareness about studies 

    Having a network increases awareness about exam patterns, study trends, and current updates. More border networks means plenty of current information. In this way, students do not miss any current updates related to their studies. Moreover, the exchange of ideas also happens while networking.

    • Motivation

    You can keep up the spark for a study that gives you the best. People with the same thinking push you enough to study more. Motivation and consistency are essential for ACCA’s success.

    • Exposure to Different Preparation Tactics

    Interacting with other ACCA students in Maldives to discover new ways to approach tests and assignments, which can help them improve their tactics.

    • Clarification on Difficult topics

    Some ACCA students struggle with specific areas. Networking allows you to seek assistance, exchange ideas, and obtain clarity from individuals with a greater understanding of the subject.

    • Career Opportunities

    Networking can lead to internships, job offers, and referrals. Professionals in your network may alert you of job openings or refer you for positions.

    • Personal Development

    Networking allows students to develop soft skills like communication, teamwork, and problem-solving, all of which are necessary for job advancement.

    Conclusion

    ACCA students networking in Maldives is essential. There are several possibilities to connect with mentors, classmates, and professionals, both virtual and in person. Students can receive knowledge, inspiration, and job chances by actively participating in networking events, as well as building important skills. As the world grows more interconnected, taking advantage of these opportunities will significantly enhance academic and career achievement.

    FAQs(Frequently asked questions)

    Are physical networking events worth attending?

    Yes, physical networking opportunities like webinars and workshops give face-to-face interaction with people and increase the learning experience in return.

    How can I find ACCA study groups online for ACCA students in Maldives?

    You can search ACCA study groups on Facebook, Reddit, and Linkedin. Search with keywords like ACCA study groups and ACCA tips. 

    How to network as an ACCA student in Maldives?

    Networking can help students with exam attempts, guidance in studies, and grabbing opportunities.  Explore groups on facebook, Reddit, Quora and connect with people in person.

    Can juniors benefit from networking?

    Absolutely yes, Juniors can benefit from networking opportunities and get enough clarity from the seniors.

  • What is the difference between an ACCA Affiliate and a Member?

    What is the difference between an ACCA Affiliate and a Member?

    OVERVIEW:

    If you are an ACCA aspirant or enthusiast you might have come across terms like ACCA Affiliate or ACCA member. One thing that is common in both of these terms is that individuals belonging to either of them have to go through ACCA exams and training. However, certain key differences set them apart. Read the blog to know the benefits of each title, what they have to offer, what makes them different, and which one is better in terms of career progression or professional security. 

    WHAT IS AN ACCA AFFILIATE?

    An ACCA Affiliate is an individual who has completed their academic journey of ACCA (cleared all the required exams) and achieved the required work experience for ACCA qualification. But, the membership is still in process, hence, he won’t be considered a fully qualified ACCA member but an ACCA Affiliate. In easier words, an individual who completed all the requirements of ACCA Qualification and is in the process of waiting for ACCA membership approval is called an ACCA affiliate.

    ACCA affiliates however have all the required knowledge and practice about the qualification and they can work under numerous financial or accounting roles but they do not have all the rights or benefits an ACCA member carries. Following is a breakdown of steps you need to follow to become an ACCA affiliate:

    1. Achieve success in all the ACCA exams, which cover a wide range of financial and accounting topics. For achieving this step get admission at Mirchwala’s hub of Accountancy.
    2. Complete the relevant work experience in the accounting or financial sector for 36 months, and record your professional accomplishments.
    3. Now submit your record and application to the body of ACCA’s Global and wait for the approval of becoming an ACCA member.

    WHAT IS AN ACCA MEMBER?

    An ACCA Member is someone who has completed all the academic and practical requirements of ACCA qualification, including the relevant work experience and approval of membership application. ACCA members are considered fully qualified professionals in the finance and accounting sector. And they can enjoy all the perks or privileges that come along with the title of an ACCA member. The following are the key features of an ACCA member:

    1. An ACCA member has completed all the steps like completing exams, practical training, relevant work experience, submission of work record along with membership application, and approval of membership application. 
    2. Now, ACCA members can use the prestigious designation of ‘ACCA’ after their names, this is a big achievement in the accounting and financial world.
    3. ACCA members have numerous perks and rights such as voting in ACCA elections, get benefit from Continuous professional development (CPD), etc. 
    4. Fully-qualified ACCA member their worth increases in the professional world, which may lead to higher potential salary and better roles.

    Mirchawala's Hub of Accountancy CALL TO ACTION

    KEY DIFFERENCES BETWEEN AN ACCA AFFILIATE AND A MEMBER:

    Both, an ACCA affiliate and an ACCA member have strong knowledge and technical skills acquired from the qualification and practice. But the status of their title sets them apart in the professional world. Following are all the key differences between an ACCA affiliate and a member:

    • Status:

    While ACCA affiliate are considered to be in a transitional phase, waiting for the membership approval. ACCA member is considered a fully-qualified, accredited and recognized professional in the industry.

    • Professional Title:

    An ACCA affiliate is not allowed to use ACCA designation as of now. On the other hand, an ACCA member can use the ‘ACCA’ designation after his name. 

    • Voting Rights:

    An ACCA affiliate can not vote in ACCA elections. Whereas, an ACCA member can participate in voting.

    • Career Prospects:

    Although an ACCA affiliate have all the skills and knowledge and can work under several professional roles but doesn’t career prospects as a member. ACCA members are likely to get paid higher and may be eligible for senior roles. 

    • Professional Benefits:

    An ACCA affiliate have limited access to the professional development resources. Whereas, ACCA members have full access to the Continuous professional development (CPD) as well as other networking opportunities.

    WHY DOES THE DIFFERENCE MATTER?

    The achievement of becoming an ACCA member isn’t limited to getting the title or distinction of ‘ACCA’ after your name only. Rather it also brings numerous professional perks, one of which is that an ACCA-qualified member tends to have higher salary potential and career exposure than an ACCA affiliate.

    ACCA members also have a perk to stay updated with any changes in trends, regulations, or global accounting standards, this leads to professional development or career progression. Employers usually seek and prefer ACCA-qualified members over non-qualified accountants because of the fact that they are more likely to stay updated with current industry trends and changes. 

    CONCLUSION:

    The main difference between an ACCA affiliate and an ACCA member is that one is an approved member of ACCA while the other is not or yet to be. Both, an ACCA affiliate and a member have cleared the ACCA exams and acquired academic knowledge and practical skills, completed relevant work experience (36 months). An ACCA affiliate is someone waiting for the approval of a membership application or is in the process of it while an ACCA member is someone who submitted relevant work records and applications and got approval of membership from the ACCA’s Global.

    ACCA affiliates can work under various roles in the accounting and finance sector however, ACCA members are more likely to get high-paying jobs as compared to ACCA affiliates, and might as well get a senior position. Numerous other perks are enjoyed by ACCA members only, such as continuous professional development and networking opportunities, better job prospects, a distinction of ‘ACCA’, voting rights, etc. Nevertheless, ACCA membership takes you a step ahead in your career and is highly valued and appreciated by employers in the accounting and finance sector.

  • What Does ACCA Do? The Essential Role of ACCA in Accounting and Finance

    What Does ACCA Do? The Essential Role of ACCA in Accounting and Finance

    OVERVIEW:

    ACCA (Association of Chartered Certified Accountants) is a very prestigious and well-rewarded certificate of accounting and finance, recognized worldwide. The qualification of ACCA plays a significant role in the accounting and finance sector, it is highly valued and offers various career opportunities within the industry. The syllabus of ACCA qualification not only shapes students’ knowledge academically but also prepares them with technical and ethical skills to start their professional journey efficiently. Employers usually seek accounting professionals having ACCA qualifications. Read the full blog to know more about the importance of ACCA in the accounting and Finance sectors.

    GLOBAL RECOGNITION AND CREDIBILITY:

    ACCA is a globally acknowledged qualification for accounting and finance aspirants, it has members from over 180 countries around the world. The qualification of ACCA is in accordance with the global standards of accounting and finance. Apart from that, ACCA qualification provides its members with the credibility to work under numerous financial roles (from foundational to advanced managerial roles). Global recognition also allows professionals to have career mobility across borders. This is one of the most essential points which sets ACCA apart from other accounting qualifications. 

    COMPREHENSIVE SKILLSET:

    ACCA qualification starts from fundamental knowledge to advanced knowledge about accounting and finance. The comprehensive and well-structured syllabus of ACCA covers different aspects of the financial world, preparing their students to thrive in their professional journey. It covers a wide range of courses such as financial management, Management accounting, auditing, taxation, financial reporting, etc. The qualification also teaches how to incorporate or follow global financial standards and regulations in their work.

    ETHICS AND INTEGRITY:

    Another important reason why ACCA is considered prestigious amongst other accounting and finance qualifications is the emphasis of the qualification on professional ethics. Along with academic and technical skills, ACCA also emphasizes ethical and professional considerations. ACCA professionals are trained to showcase transparency and integrity in their financial reporting. This practice builds trust and accountability amongst stakeholders towards the financial systems. ACCA qualification includes an ethical and professional module, it is a very important part of the qualification and candidates can not become fully qualified ACCA members without completing this module. 

    CONTINUOUS PROFESSIONAL DEVELOPMENT:

    Continuous professional development (CPD) is just another benefit ACCA gives to its members, unlike other accounting and finance qualifications. ACCA encourages its members for lifelong learning and professional development. Through CPD it ensures that ACCA members stay updated with the current changes in regulation and global accounting and finance standards, industry trends, etc. This updated knowledge about all the changes helps professionals to stay ahead in their work, adapt to the changes, and make progress in their professional journey. Mirchawala's Hub of Accountancy CALL TO ACTION

    CAREER ADVANCEMENT: 

    Qualification of ACCA online and physically plays a significant role in the accounting and finance sectors, as it doesn’t restrict the professionals to work under a specific role. Rather, the qualification opens the door to various accounting and finance roles such as financial reporting, tax consultant, auditor, management accountant, etc in both public and private sectors. Other than this, ACCA offers a very progressive career, which means that professionals can thrive forward in their career towards higher management roles such as CFO, with required experience and skillsets. Hence, for aspirants in the accounting and finance sector looking for a progressive career, ACCA is the right choice. For further information read this article by clicking this.

    SUPPORTING ECONOMIC GROWTH:

    ACCA professionals with the right skill set, knowledge, and determination can benefit the economy and be a part of the economic growth of the world. ACCA professionals help businesses manage their finances more efficiently contributing to economic growth. Apart from that, they can also ensure that the organization complies with tax laws, better decision-making process based on financial considerations, etc. These factors can contribute to maximizing business growth and profitability which will eventually lead to a stronger economy or economic growth. 

    IMPORTANCE OF ACCA IN ACCOUNTING AND FINANCE SECTOR: AN OVERVIEW:

    Numerous factors make ACCA stand out amongst the other accounting and finance qualifications. Some of the factors contributing to the idea are as follows:

    • Global recognition
    • Credibility, Transparency or accountability
    • Employer demand
    • Networking opportunities
    • Diverse roles and career flexibility
    • Continuous development program

    CONCLUSION:

    ACCA qualification shapes the accounting and finance sector by producing professionals with technical skillsets, academic knowledge, compliance with global standards, and ethically & professionally responsible individuals. ACCA professionals can take over various roles from financial reporting to strategic planning. ACCA plays a vital role in the accounting and finance sector because of its structured and comprehensive education, global recognition and credibility, ethics and integrity, continuous professional development program, progressive career, and the role it plays in supporting economic growth. 

    FREQUENTLY ASKED QUESTIONS:

    Q1: What does ACCA do for professionals?

    ACCA provides a well-structured and comprehensive accounting and finance-related education to its candidates. It equips them with in-depth academic knowledge, technical skillsets, compliance with global accounting standards, and ethical considerations. These skills and knowledge help them start the professional journey in accounting and finance without any hindrances. 

    Q2: What makes ACCA different from other accounting qualifications?

    The factors that contribute to making ACCA stand out from other accounting qualifications are its global recognition, networking, and career opportunities, flexibility both in academics and professional matters, etc.

    Q3: What career opportunities does ACCA open up?

    ACCA offers various career opportunities locally as well as globally, from small startups to large MNEs. ACCA professionals can work under diverse roles such as auditor, tax consultant, CFO, internal auditor management accountant, etc. 

    Q4: How long does it take to complete ACCA qualification?

    The qualification of ACCA typically takes around 3-4 years to complete. However, the time of completion can differ from individual to individual depending on factors like study pace, number of exemptions availed, passing ratio, etc.

  • Mastering ACCA Subjects in the UAE

    Mastering ACCA Subjects in the UAE

    Mastering ACCA Subjects in the UAE: Tips, Career Opportunities, and Benefits

    The ACCA (Association of Chartered Certified Accountants) qualification is a well-recognized qualification that serves as a springboard for a prosperous career in the financial industry and is more than simply a certificate. 

    The realistic and practical curriculum of ACCA provides students with the relevant skills needed to succeed in real-world situations. Given that the United Arab Emirates is gradually positioning itself as a dynamic financial hub and one of the best destinations to pursue ACCA.

    Thus, if you are one of those willing to start your ACCA journey, it is important to know the ACCA subjects in the UAE first to have a clear idea about the ACCA syllabus.

    The following article sheds light on the ACCA subjects, tips for excelling in the ACCA subjects, along diverse career opportunities that come along after the completion of the prestigious ACCA course in the UAE.

    Overview of ACCA Subjects in the UAE

    The objective of the ACCA syllabus is to ensure that students acquire extensive understanding and proficiency in various aspects of business, such as accounting, taxation, auditing, or business law.

    Following is the list of ACCA subjects in the UAE, divided into three primary tiers of the overall ACCA course:

    1. Applied Knowledge

    This is the foundational level that familiarizes students with key concepts in accounting and business. It includes:

    • Business and Technology (BT): This relates to studying business structures and the accounting part
    • Performance Management (PM): Teaches advanced costing techniques and performance analysis.
    • Management Accounting (MA): Includes key costing methodologies and decision-making concepts.

    Financial Accounting (FA): The fundamentals of financial reporting and recordkeeping.

          2. Applied Skills

    This level emphasizes technical and professional abilities while expanding upon fundamental knowledge.

    • Corporate and Business Law (LW): Covers essential legal principles related to business operations.
    • Performance Management (PM): Teaches advanced costing techniques and performance analysis.
    • Taxation (TX): Provides insights into taxation laws, particularly applicable in the UAE’s VAT framework.
    • Financial Reporting (FR): Explores international financial reporting standards (IFRS).
    • Audit and Assurance (AA): Focuses on audit principles and practices.
    • Financial Management (FM): Mainly focuses on financial forecasting and credit management

    3. Strategic Professional

    This is the final level that cultivates the specific professional skills required for leadership roles:

    • Strategic Business Leader (SBL): Uses integrated case studies to evaluate strategic thinking.
    • Strategic Business Reporting (SBR): SBR is centered on ethical and intricate financial reporting.
    • Options (choose any two):
      • Advanced Financial Management (AFM)
      • Advanced Performance Management (APM)
      • Advanced Taxation (ATX)
      • Advanced Audit and Assurance (AAA)

    Tips for Excelling in ACCA Subjects in the UAE

    Below are some tips that will help you excel.

    • Set a Clear Schedule: Plan your studies around your personal and professional commitments.
    • Use Official Resources: Make use of study guides and practice kits that have been authorized by ACCA.
    • Join Study Groups: Work together with other students to tackle complex questions and share knowledge.
    • Practice Time Management: Revision of past papers and appearing for mock exams to evaluate where you are academically standing, which will help to identify the areas of improvement.
    • Seek Professional Guidance: For organized mentoring and advice, sign up with an ACCA learning provider or enroll in the best ACCA institutes in the UAE, offering top-notch ACCA learning institute like Mirchawala’s Hub of Accountancy.

    Career Opportunities After Passing ACCA Subjects in the UAE
    After passing ACCA subjects in the UAE, one would experience the doors of numerous opportunities opening up, some of which include:

    • Auditor: Ensuring financial compliance and accuracy.
    • Tax Consultant: Advising on VAT and other tax-related matters.
    • Financial Analyst: Evaluating financial data to guide strategic decisions.
    • Chief Financial Officer (CFO): Leading financial strategies for corporations.

    With the UAE’s focus on attracting global businesses, ACCA-certified professionals are in high demand.

    Why is studying the ACCA course in the UAE an excellent choice?

    The UAE is renowned for its vibrant economy, thriving financial sector, and strong demand for skilled accountants. Here are some reasons why studying ACCA in the UAE is an excellent choice:

    • Global Recognition: The ACCA qualification is respected in over 180 countries, and the UAE’s international business landscape values this accreditation.
    • Career Opportunities: With a booming economy, the UAE offers lucrative roles in auditing, taxation, and financial consultancy, along with many others.
    • Flexible Learning Options: There are several recognized educational institutions in the UAE that provide both online and in-person ACCA courses in the UAE.

    Key Highlights of ACCA Learning in the UAE

    • Flexible Study Options: Both online and in-person options are available, which means one can study ACCA subjects in the UAE online and in person.
    • Experienced Tutors: Certified tutors, especially those with work experience, are some of the key learning providers of the ACCA course in the UAE.
    • Supportive Learning Environment: Numerous educational establishments in the UAE provide extensive resources, such as practice tests, study groups, and personalized guidance.

    Conclusion

    Studying ACCA subjects in the UAE is one of the most exciting experiences that provides you with the knowledge and skills needed in the financial sector. Career opportunities in auditing, taxation, and financial management are just matters of choice after passing the ACCA qualification. With dedication and the right resources, you can achieve your goals and thrive in the UAE’s dynamic market.

    By mastering the ACCA subjects in the UAE, you can not only position yourself for success but also contribute to the ever-evolving financial sector in this global hub. Start your journey today and unlock a world of opportunities.

    Happy learning!

    Frequently Asked Questions (FAQs)

    Q: What are the ACCA subjects in the UAE?

    Ans: The ACCA curriculum is divided into three levels: applied knowledge, applied skills, and strategic professional, covering a total of 13 subjects.

    Q: How long does it take to complete ACCA in the UAE?

    Ans: It takes most students 3–4 years to complete, depending on the pace at which students study along with their prior qualifications.

    Q: Are there ACCA learning providers in the UAE?

    Ans: Yes, several accredited institutions like Mirchawala’s Hub of Accountancy are offering flexible study options and expert guidance throughout the ACCA journey. That helps students pass their ACCA exams on the first attempt.

  • ACCA Top Scorers for December 2024 Attempt 

    ACCA Top Scorers for December 2024 Attempt 

    ACCA Exam Results Out! Meet Our ACCA Top Scorers for December 2024 Attempt 

    Finally, the ACCA exam result 2024 (December) is out! A big congratulations to all the students, especially the top scorers. Your hard work and determination have paid off! The entire Mirchawala team is proud to be a part of your success story. 

    ACCA (Association of Chartered Certified Accountants) has just released the ACCA exam results and scores for the December 2024 exam session. For the December sitting, 113,910 students registered, and 130,898 exams were finished. In total, 4734 students finished their final exams and became ACCA Affiliates.  Thanks to the guidance of our expert tutors and their expertise, aspirations from across the world increasingly choose Mirchawala and always excel in their exams. Mirchawala would like to sincerely congratulate all of the students who completed their exam in this attempt. 

    We are pleasantly sharing here our top ACCA scores from different nations that placed first in the December 2024 ACCA examinations in accounting, auditing, and finance.

    Meet Our Top ACCA Scorers 

    Students Guided by Owais Mirchawala

    • Sohaib Khan (BT top scorer): 77 marks
    • M. Abdul Hai (LW Top Scorer): 82 marks
    • Shakeeb Ur Rehman (BT top scorer): 73 marks
    • M. Kareem Uddin (AAA Top Scorer): 68 marks
    • Shamsh Uddin (ATX top scorer): 82 marks
    • Ahmed (AAA Top Scorer): 67 marks

    Students Guided by Mustafa Mirchawala

    • Zeeshan (TX Top Scorer): 97 marks
    • Abdul Mujeeb (TX Top Scorer): 95 marks
    • Anup (TX top scorer): 86 marks
    • Moeed (FR Top Scorer): 87 marks
    • M. Hasnat (FR Top Scorer): 86 marks
    • Ahmad Siyal (FR Top Scorer): 86 marks

    Students Guided by Ahmad Shafi

    • Ali Murshid (PM top scorer): 78 marks
    • Warisha (PM Top Scorer): 76 marks
    • Ammar (PM Top scorer): 76 marks
    • Kanza Batool (AFM Top scorer): 70 marks
    • Talha Khan (AFM Top Scorer): 73 marks
    • Abdul Wahab (AA topscorer): 72 marks

    Students Guided by Shaikh Abdul Basit

    • Mussab (SBL top scorer): 73 marks
    • Shruti SBL Top scorer) 73 marks
    • Zainab (SBL Top Scorer): 67 marks
    • Aneeq (PM Top scorer): 68 marks
    • Sarah (PM top scorer): 63 marks
    • Anas (APM Top Scorer): 66 marks

    With these impressive results, which demonstrate our tutors’ top-notch guidance and commitment to our students, we’ve gotten off to a great beginning in the new year.

    The ACCA exam focuses on assessing the fundamental information, talents, and skills needed by contemporary accountants, standing firmly on its foundation of professionalism and ethics. It prepares students for rewarding careers as knowledgeable and morally upright financial professionals. To the bright brains who aced the ACCA examinations in December 2024, well done, and keep moving towards your goals. 

    We also want to congratulate all the students who have successfully finished all of their exams and will be promoted to affiliate status. When they join the more than 250,000 dedicated ACCA members worldwide who are pursuing prosperous careers and having a good influence, will be excited to join them. Further,  the thriving accounting and financial industry is looking forward to welcoming them as future industry leaders.

    Quick Tips from Top ACCA Scorers 

    This was a complete overview of our top ACCA scorers in the December 2024 session. To those who could not qualify for the exam this session, do not worry. The journey does not end here but a new path toward improvement and growth opens.  To assist you on your path, we have included some of the best tips from ACCA toppers. 

    • While perseverance and hard work are important, remember to take care of yourself as well. 
    • Be in the company of a strong support system, mentors who can aid you along the way, or an organization like Mirchawala. It is a top ACCA institute with globally renowned tutors who help you from the admissions consultation until you qualify for your exam.
    • There are obstacles in the way of becoming an ACCA topper, but you can overcome them with commitment and astute planning. 

    We tried to cover as many points as possible besides providing our ACCA top scorers. Let us know if you need any more doubt. We will be glad to help you!

    Frequently Asked Questions (FAQs)

    Q: How can I check my ACCA exam results?

    Ans: You can easily check your ACCA  result with the following easy steps:

    • Visit the ACCA website 
    • open myACCA account 
    • Click on the “Exam Results” section 
    • The Result will be visible 

    Q: What should I do if I fail an exam?

    Ans: Check your performance report, consider scheduling a retake, and consider the examiner’s comments if you fail an exam. To help you get ready for your next attempt, ACCA offers several such support services, so use them smartly.

    Q: How long do I have to access my results?

    Ans: You can always view your results on your myACCA account. For your records, it is advised that you download and keep a copy.

    Q: What do the different pass marks mean?

    Ans: A score of 50 indicates a pass in the ACCA’s rigorous marking system. Every exam component is given a thorough performance analysis.

    Q: Can I request a review of my exam?

    Ans: Yes, ACCA provides an administrative review service in case you think your results might be inaccurate. After the results are released, there is a deadline for requesting this service.

    Q: Which institute is best for scoring high in the ACCA exam?

    Ans: While the list of ACCA institutes is very long, Mirchawala has created a notable impact in the market because of its unique teaching approach, expert tutors, and top-notch facilities. The latest scorers perfectly testify to Mirchawala’s excellence. 

  • ACCA Career in the UAE

    ACCA Career in the UAE

    The Definitive Guide to Starting an ACCA Career in the UAE

    Blog Structure 

    • Introduction 
    • Industry Insight: Market Demand 
    • ACCA Basic Details and Syllabus Overview 
    • Eligibility Criteria 
    • ACCA Duration 
    • Step-wise Process to ACCA Qualification 
    • ACCA Career Opportunities 
    • Best ACCA Jobs in UAE
    • Salary Insights 
    • Tips/Mirchawala Promotion 
    • Conclusion 

    INTRODUCTION

    Are you a finance aspirant and looking for a career guide? Or you are wondering how to secure your future in accounting? This blog is a savior for you.  Explore through this complete guide on starting an ACCA career in the UAE to ensure a lucrative and fulfilling career in accounting, finance, and company management.

    ACCA certification opens a door of opportunities for aspirants: global recognition, flexibility, and a variety of job options across industries.  It helps you gain proficiency in auditing, taxation, and leadership, as well as financial management, and provides you with the tools you need to succeed in today’s progressive world.

    As the finance profession’s code of conduct, regulations, and laws become more stringent, the demand for financial professionals with high levels of competence and ethics is increasingly going high. Hence, ACCA-qualified professionals are becoming more and more important to clients and potential employers.

    Before choosing to enroll in this specific course, it is important to understand the opportunities and options that may arise. Hence, in the next section, we will discuss the importance and latest insights on ACCA. 

    Is ACCA Worth It? Significance and Industry Insights 

    ACCA is one of the most prominent and well-known course in the world. You get access to great ACCA career opportunities all over the world as an ACCA member. Because there is so much freedom, ACCA is not that hard. The course can be finished at your own pace.

    The need for accountants is growing daily. This suggests that opportunities for becoming a chartered accountant, or a global chartered accountant, are also increasing. Data says that the need for certified public accountants has increased by 37%. Several multinational corporations, such as the Big Four consulting firms, employ Chartered Certified Accountants with alluring benefits packages for consulting, finance, and taxation. You can also think of starting your own business after ACCA and offering consulting services.

    If you are still not sure about your decision to choose ACCA, check this article on – Is ACCA worth it? Find the Actual Answer with Key Advantages & Disadvantages 

    Now, you have clarity on the benefits of pursuing a career in ACCA. In the next section, we will cover the fundamentals of ACCA and the syllabus, followed by the ACCA course duration.

    ACCA Basic Details and Syllabus

    ACCA (Association of Chartered Certified Accountants) is the premier organization for professional accountants worldwide. ACCA is the biggest and most well-liked credential that equips you with the leadership, ethical, and technical abilities required to succeed in the financial industry. The aspirants need to qualify for 14 papers, a professional ethics module, and professional objectives spanning three years of work experience to pass the ACCA. The four sections of the 14 exams are as follows:

    • Applied Knowledge
    • Accountant in Business (AB)
    • Management Accounting (MA)
    • Financial Accounting (FA)
    • Applied Skills
    • Corporate and Business Law (LW)
    • Performance Management (PM)
    • Taxation (TX)
    • Financial reporting (FR)
    • Audit and Assurance (AA)
    • Financial Management (FM)

    While the details have been crafted with all the new updates. Still, for an in-depth overview, check: ACCA Syllabus Changes 2024: A Complete Study Guide on the Latest ACCA Syllabus.

    You may be excluded from some or all of the fundamental papers, depending on your current level of education, and you can begin working on the professional papers right away. 

    • Strategic Professional
    • Strategic Business Reporting (SBR)
    • Strategic Business Leader (SBL)
    • Advanced Financial Management (AFM)
    • Advanced Performance Management (APM)
    • Advanced Taxation (ATX)
    • Advanced Audit and Assurance (AAA)
    • Professional Ethics Module

    To receive the ACCA certification, you must complete the Professional Ethics Module. After finishing papers F1, F2, and F3 in Fundamentals Knowledge, you can take it whenever you like. The module now takes about 20 hours. 

    Requirement for Professional Experience

    You need three years of professional experience to become an ACCA-chartered accountant. During this period, you must accomplish four or more Options performance objectives in addition to nine Essentials. These goals help you apply your technical knowledge by connecting to various topics in the ACCA syllabus. 

    To learn more about practical experience requirements, read this blog: What Is PER In ACCA? How To Complete Your PER?

    ACCA Course Duration

    Many students could get qualified in about three or four years if they study for the ACCA while working. It will take longer if you choose to enroll in full-time classes before fulfilling your professional experience requirement. Before this modification, you had to finish the ACCA certificate within ten years. After completing your first professional-level exam, you have seven years to complete the ACCA. The Fundamentals papers can be finished at any time.

    Any passes you have earned thus far are void, and you will need to retake them to obtain the ACCA qualification if you fail all of your professional papers within seven years.  To help you better grasp the topic, check: ACCA Degree Duration.  Hopefully, now that you are clear on ACCA, how many years to complete? 

    The following information explains eligibility, the step-wise process to obtain ACCA certification, and the best ACCA career options.

    Eligibility Criteria for ACCA 

    Candidates must fulfill the eligibility requirements listed below to pursue the ACCA qualification. 

    • Educational Requirements: Candidates usually need three GCSEs (or comparable qualifications) in five disciplines, including English and mathematics, and at least two A-levels. ACCA does, however, provide exemptions for specific credentials, such as accounting degrees or similar degrees, which may exempt various ACCA exams.
    • English Proficiency: ACCA exams are administered in English; thus, unless they have finished their schooling in the language, candidates must show that they are proficient in it using accredited assessments such as the TOEFL or IELTS.
    • Age Requirement: ACCA is open to people at all stages of their professions because there is no minimum or maximum age requirement to enroll.
    • ACCA registration: After fulfilling the requirements for eligibility, applicants can sign up as ACCA students and start the process of becoming qualified.
    • Exemptions: You might qualify for exemptions from some ACCA exams based on your previous educational background. 

    ACCA qualification

    The ACCA (Association of Chartered Certified Accountants) credential is ideal for students who have a strong interest in accounting and finance. The internationally recognized ACCA degree in finance and accounting equips you for work in the audit, accounting, and finance industries. However, becoming an ACCA professional is not a simple process. It calls for commitment, diligence, and a love of the subject. Here is the step-wise process to obtain the ACCA certification:

    Step 1: Understanding the Fundamentals.

    Knowing the basics of the ACCA qualification is crucial before you start your journey. The Applied Knowledge tests are the first of three levels in the ACCA qualification, which leads to the Strategic Professional exams. Employers worldwide favor ACCA experts due to the qualification’s international recognition.

    Step 2: Sign up for an ACCA course.

    Enrolling in an ACCA program is the next stage in your ACCA journey. Get a comprehensive overview of the ACCA courses offered by the Mirchawala.

    Step 3: Focus on Studying 

    It takes a great deal of commitment and effort to study for the ACCA tests. The difficult, practically oriented tests need a thorough comprehension of accounting ideas and principles. As a result, you will have to invest time in reading and understanding the study guides, practicing test questions, and attending webinars or workshops. There are many tools to support you, including study groups, online discussion boards, and ACCA YouTube channel. 

    Step 4: Get Work Experience 

    The ACCA requires you to obtain practical experience (PER) in pertinent accounting and finance in addition to completing the tests. Before you may join ACCA, you must finish 36 months of supervised experience. The ACCA qualification requires practical experience since it enables you to put the concepts and principles into practice you have learned.

    Step 5: Obtain ACCA Membership

    It’s time to apply for ACCA membership after you’ve completed all the requisite coursework and accumulated the required amount of real-world experience. Numerous advantages are available to you as a member, such as career assistance, networking opportunities, and tools for ongoing professional growth. 

    This was the five-step guide for starting an ACCA career in the UAE and any other regions. Now, let’s explore the best career options after the ACCA course. 

    Best ACCA Career Options: What Jobs Can You Do After ACCA?

    Globally, the ACCA credential is accepted and acknowledged. Your career will soar when you become a chartered accountant. Here are a few significant career opportunities:

    • Finance Accountant 

    As a financial accountant, your duties will include monitoring budgets, making sure regulations are followed, and creating financial statements. Senior roles like Chief Financial Officer (CFO) or Financial Controller may follow from this function.

    • The Internal or External auditor

    An auditor guarantees the accuracy of financial accounts and the efficacy of internal controls. With prospects to advance to positions like manager or partner in an accounting firm, you can specialize as an internal or external auditor.

    • Accountant for Management

    Forecasting, budgeting, and assisting with strategic decision-making are the main responsibilities of management accountants. This position is essential for boosting company performance and offers prospects for advancement into positions like director or finance manager.

    Explore more ACCA job options in the UAE: 10 Best Jobs in Dubai for ACCA Qualified Professionals.

    ACCA Salary in the UAE: Expected Pay

    An ACCA professional’s pay might vary greatly depending on several criteria, including work function, industry, location, and experience. However, because of their experience and widespread recognition, ACCA experts earn competitive wages. 

    For instance, entry-level ACCA practitioners in the UAE can anticipate making between AED 120,000 and AED 150,000 annually. In contrast, ACCA members with years of experience may make between AED 180,000 and AED 240,000 or more depending on their seniority and area of expertise. 

    Bottom Line 

    Starting an ACCA career is not a piece of cake, but you can transform your prospects in the global market by earning the ACCA certificate if you set your goals, put in the necessary effort, and acquire the required tools. The ACCA qualification is the key to the future, whether you are a recent graduate just beginning your career or an experienced professional hoping to advance in your field. 

    Begin your ACCA adventure now. Mirchawala’s Hub of Accountancy is there to help empower you and educate you through the journey. To know more about our courses and support, contact us NOW! 

  • 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
  • What Are the Best MBA Options for ACCA Students in Ireland?

    What Are the Best MBA Options for ACCA Students in Ireland?

    Getting an MBA can overwhelming for  your career as an ACCA in Ireland. The ACCA education mainly focuses on accounting and finance, but adding an MBA to your academic education equips you with a wide skill set in business, leadership, and strategic movement. 

    This article will explore the best MBA options for ACCA students in Ireland, the skills they can need, key MBA subjects duration, and top institutions offering MBA programs. 

    What is the MBA study and what is the duration of the ACCA in Ireland?

    Most Ireland MBA programs for ACCA career advancement have a duration of one to two years. These programs are typically divided into core subjects and electives, allowing students to specialize in areas that align with their career goals.

    Most MBA programs for ACCA career advancement have a time completion of one or two years. These programs are typically divided into main subjects and electives, allowing students to specialize in areas that align with their career goals. 

    These common subjects include:

    • Financial Management
    • Marketing Strategy
    • Operations Management
    • Organizational Behavior
    • Strategic Management
    • Business Ethics
    • International Business

    Electives might cover specialized areas like business analytics, innovation management, or sustainability.

    Mirchawala's Hub of Accountancy CALL TO ACTION

    How ACCA Students in Ireland Can Complete Their MBA Studies

    ACCA in Ireland students can pursue MBA programs through various formats.

    • Full-Time MBA is Ideal for students who can commit to a year or two of intensive study.
    • Part-time MBA is suitable for working professionals who want to balance work and study.
    • Online MBA offers comfort and flexibility for students so that they can study from anywhere.
    • Executive MBA (EMBA)Tailored for experienced professionals looking to advance into senior leadership roles.

    What Skills MBA Covers for ACCA Students in Ireland

    An MBA for ACCA students covers a variety of crucial business and management skills that complement their accounting expertise and complement their skills. These skills include:

    Leadership and management skills 

    Management and leadership skills are necessary for driving long-term success and growth in an organization. Team management involves creating a positive work environment, promoting collaboration, and guiding team members towards their shared goals.  

    Human resources(HR)

    The function of human resources is to build and maintain a high-performance workforce. Talent acquisition and talent retention strategies focus on attracting skilled professionals. It is necessary to keep them engaged. Useful organizational development and change management enable businesses to adapt seamlessly to evolving market conditions.

    Entrepreneurship and Innovation 

    Entrepreneurship along with innovation is the best way to scale up a business. MBA for ACCA focuses on entrepreneurship skills which are required for business success and development. Implementing innovation strategies helps companies to stay ahead in the marketplace and grab and create good business opportunities. 

    Financial and analytical skill 

    To sustain business financial and business analytical skills is quite important. Businesses need structured and clear thinking to make their mark in the competitive markets. Moreover, problem analytical thinking promotes problem solving which is the basic work of every business.

    Read More https://mirchawala.com/blogs/what-are-the-requirements-for-international-students-for-acca-in-ireland/

    Marketing and Branding 

    Marketing and branding play a very important role in reaching a targeted audience and retaining customers. This understanding of customer behavior aids companies to improve their products and services. Branding is the need of today’s business as effective branding helps in maximizing online visibility and engagement.

    Institutes in Ireland Offering MBA Degrees

    Ireland is the home to different popular institutions offers MBA specific to the needs of ACCA career aspirants:

    Technological University Dublin(TUD)

    It offers affordable MBA programs with a prime focus on business analytics and management strategies.

    Trinity College Dublin (TCD)

    It gives a globally recognized MBA with a strong focus on innovation and leadership and financial statements.

    University College Dublin (UCD) – Michael Smurfit Graduate Business School

    It is renowned for its MBA programs with a wide range of specializations.

    Dublin City University (DCU) Business School

    Dublin City University (DCU) Business School offers flexible MBA programs, including part-time options.

    Griffith College Dublin

    This institute offers a very good curriculum for MBA and focuses on analytical skills. 

    Conclusion

    MBA degree offers a wide variety of skills that help accountants in growing their field even more. So, getting an MBA in Ireland is a very forward-moving and strategic step for students. MBA along with ACCA in Ireland improves leadership and even shapes individuals more excellently in the accounting field. With flexible and comprehensive study options and top institutes offering them. ACCA students in Ireland can pursue this opportunity.

    Frequently asked question(FAQs)

    1. What is the cost of doing an MBA in Ireland?

    The total expense of doing an MBA in Ireland varies from institution to institution and it ranges from €20,000 to €35,000 for full-time programmes. For MBA in Ireland scholarships and flexible study payment options are also available. 

    2. Is an MBA in Ireland only concerned with HR(Human Resources)

    No MBA is not only concerned with the skill of HR instead, it covers a wide range of topics such as business acumen. Making individuals more versatile and competitive in the job market.

    3. MBA enhances the skills of an accountant in Ireland how?

    ACCA professionals doing MBAs improve leadership skills, management, finance, operations management, and entrepreneurship skills. 

    4.What is a Diploma in IFRS and how can it benefit MBA professionals?

    The Diploma in IFRS is globally accepted certification offered by ACCA, it will improve the financial expertise and financial decision making of the MBA professionals.