Tag: acca

  • Your Guide to the Prestigious ACCA Course in Dubai

    Your Guide to the Prestigious ACCA Course in Dubai

    Your Guide to the Prestigious ACCA Course in Dubai || Fast-track Your Dream Career 

    Blog Structure

    • Introduction
    • Why Choose Dubai for ACCA Course in 2025
    • Step-wise process to obtain ACCA qualification
    • Skills You Need to Excel in ACCA
    • Final Thoughts
    • Promoting Mirchawala
    • Frequently Asked Questions (FAQs)

    Introduction 

    Today, accountant candidates, in quest of a high-level degree, are flocking to the idea of an ACCA certification. They consider not just MBA in Finance and Accounting and CA but also ACCA courses as their top job choices. Additionally, companies, accounting training institutions, and other accounting bodies worldwide recognize ACCA. The qualification is unquestionably gaining momentum and becoming the favorite of everybody in regions like Dubai. The number of ACCA institutes has increased due to its growing popularity. Hence, choosing the right coaching for ACCA in UAE and going through the entire process can be difficult and time-consuming. Hence, in this comprehensive guide, we will explain how to pursue an ACCA course in Dubai, Sharjah, and Abu Dhabi. 

    Keep scrolling and exploring the entire journey in this single post! 

    Why Choose Dubai for ACCA Course in 2025

    Dubai has undoubtedly gained attention in recent years due to its expanding economy, which is fueled by trade, tourism, and oil. The establishment of free trade zones, the existence of two of the biggest ports in the world, and an international air freight hub have all contributed to Dubai’s advancement. You can also plan to study ACCA Course in Sharjah. This region is well-known for its career opportunities and learning potential. 

    A robust hiring trend characterized by a 20% growth in job prospects in several sectors has been sparked by the expansion of new projects and developmental activities. For professionals with ACCA qualifications, Dubai’s flourishing job market offers a wide range of prospects. The corporate headquarters and regional offices of numerous international corporations and financial institutions are located in the city.  Professionals with ACCA certification can find lucrative positions in the manufacturing, transportation and communication, construction, petroleum, and tourism sectors.

    Professionals with ACCA certification in Dubai are in great demand across banking, real estate, and government services. An ACCA qualification can provide you with a competitive edge in the job market and open up numerous doors to high-profile positions in fields like corporate finance, auditing, and financial analysis. Learn more about the ACCA qualification in Dubai.

    Step-wise process to obtain 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. 

    Top ACCA Skills: Ensure Your Success in 2025 

    To succeed with your ACCA course in Abu Dhabi or Dubai, being just a proficient accountant and mathematician is not enough. These days, companies want finance professionals to have excellent communication skills, be involved with the company, and take the initiative to build partnerships and enhance the company. Some of the key skills to ensure a growing career in ACCA in the UAE include:  

    • Analytical Proficiency: ACCA professionals are expected by employers to be more than just typical accountants. Accounting professionals with strong analytical abilities can extract patterns, insights, and trends from complicated data, assisting businesses in making more informed decisions. 

    • Knowledge of Technical Accounting: Although passing the ACCA exams shows that you understand accounting, it’s important to keep up with changing standards like GAAP and IFRS. Accurate financial reporting and compliance depend on this fundamental knowledge.

    • Technological and Digital Proficiency: Digital competency will be essential in 2025. Companies want ACCA candidates who are knowledgeable about automation platforms, data analytics tools, and accounting software. Digital tool proficiency improves decision-making and expedites processes.

    Why Choose Mirchawala?

    With highly qualified and experienced tutors, Mirchawala is among the best ACCA institutes in Dubai. Many students have benefited from the institute’s ACCA program, which has helped them reach their professional goals. From the foundation level to the advanced level, the ACCA course by Mirchawala makes your career ready. Students will always be at the core of the structure, empowering them to explore and embrace the best learning atmosphere.

    Bottom Line

    Overall, pursuing an ACCA course in Dubai is a calculated move that will open a door of opportunities. The ACCA degree gives you the abilities you need to stand out in Dubai’s dynamic financial scene, thanks to its international recognition, robust curriculum, and strong dedication to ethics and professionalism. The ACCA certification may be your key to a lucrative and fulfilling accounting profession in a city known for its fast development and global business community. Take Mirchawala’s courses in Dubai to boost your profession. Contact us to know more about the course and the team. 

    Frequently Asked Questions (FAQs)

    Q: Is ACCA worth it in Dubai?

    Ans: There are plenty of ACCA jobs in Dubai because the city is home to so many large firms. In addition to employment availability, Dubai is a great area for an ACCA professional to work because of its exceptional amenities, which include tax waivers and a high standard of living.

    Q: Is there a demand for ACCA in Dubai?

    Ans: Yes! The growing, petroleum, transportation, tourism, and industrial industries are all expanding, contributing to Dubai’s thriving economy. The need for qualified accounting and finance professionals is being driven by this expansion. Candidates with ACCA qualifications are especially in high demand due to their extensive training and widespread recognition. Dubai may therefore present you with a wealth of chances if you hold an ACCA certification.

    Q: What is the salary of ACCA freshers in Dubai?

    Ans: In comparison to more seasoned workers, the pay for new hires may be lower. AED 32,000 is the ACCA salary for freshers. It’s a good place to start, and there’s plenty of opportunity for expansion in this fast-paced sector.

    Q: Which Gulf country is best for ACCA?

    Ans: Even though ACCA is recognized in every Gulf nation, Dubai, the United Arab Emirates, stands out as the global financial center and provides a wide range of opportunities for professionals who choose to pursue ACCA.

    Q: Which institute is best for ACCA in Dubai?

    Ans: While there are many ACCA institutes in Dubai, Mirchawala is a leading ACCA institute in Dubai with a team of excellent tutors and a flexible learning structure. 

  • 7 great reasons why you should study business in Ireland

    7 great reasons why you should study business in Ireland

    Ireland is a country known for its best cultural heritage and beautiful scenery. It is also a global education hub. Ireland has emerged as the perfect destination for international students, with its welcoming atmosphere and world-class education. 

    Business education in Ireland also gained popularity with its advanced syllabus, innovative learning, and promising career paths. Whether one aims to become a certified chartered accountant or wants to understand the dynamic of international business Ireland study is the best choice. This article will give the 7 best reasons to study business in Ireland. 

    What is Business study? 

    Business study is not merely a subject study, it’s a broad term that holds many subjects in it. These broad topics include human resources, finance management, marketing, and economics. By covering all these wide subjects  business education enables students to learn in and out of business. Making them seek high-level job opportunities or start their business establishments.

    Read More https://mirchawala.com/blogs/helen-brand-leading-accas-global-finance-and-accounting-vision/

    Courses offered in Business study 

    The business study includes different courses to meet the industry demands. Students can pursue courses according to their will and interest below is the list of the following courses.

    • Bachelors and Masters degree in Business Administration
    • ACCA certification 
    • Post Graduate Diploma in Management
    • Institute of Chartered Accountants of Ireland programme
    • MBA with a focus on entrepreneurship and management 

    Mirchawala's Hub of Accountancy CALL TO ACTION
    7 best reasons you make you love study business

    There are many reasons students are inclined towards ireland study because of their interest. Below are a few reasons to read.

    • Get knowledge of different things under one degree

    Business degree is not focused on singular things, instead, it is a multidisciplinary field in Ireland. Students study different fields like finance, operations, management, business laws, project handling, etc under one degree. This diversity opens so many different career paths for students to explore. That is the ultimate advantage of studying business.

    • Business makes money 

    Unlike jobs that give 9-5 looping schedules with calculated salaries, business hugely makes a profit. But, business needs constant supervision and alertness that  makes you a millionaire. If someone is ready to put in the effort and is passionate enough soon money will flow to them.

    • Business Solves problem

    Every product we see around us is the solution to some problem. For example, the smartphones we hold in our hands are solutions for faster communication. Moreover, there is more need for people and minds who can solve the product problem of society to make people’s lives easier.

    • Business study improves communication skills

    The business syllabus includes so much idea exchange, presentations, and engaging learning. This will automatically improve the communication skills of students studying business. They will feel confident enough to communicate themselves and their ideas to the world. It will become the reasons to go to Ireland and study business 

    • Opportunities for networking while studying 

    Ireland attracts students from different cultures and different parts of the world. The mixing of different cultures and international opportunities helps students understand the global market.  Programs like ACCA careers and chartered accountancy give global chances to grow and network for students.

    • Develops analytical abilities with time 

    As students progress with their studies in Business they develop analytical and critical thinking. Business needs a different approach and, mindset on things and study makes students pay attention to details and give ideas to the world. 

    • Your entrepreneurship skills will expand.

    If you are passionate enough about doing your own business and creating job opportunities for others. International study in Ireland helps you to get closer to your dreams even more. Business subjects are designed in a manner that entrepreneurship becomes easy for you as compared to other individuals. 

    Institutions that provide business studies in Ireland

    Here, is the institute that offers business study to students in Ireland locally and internationally. Ireland has several top institutions known for their business programs.

    • Trinity College Dublin is well-known for its MBA and innovative business programs.
    • University College Dublin (UCD) provides globally recognized degrees and is home to the Michael Smurfit Graduate Business School.
    • Dublin City University (DCU) is a recognized leader in entrepreneurship and management studies.
    • The National University of Ireland, Galway offers courses with significant industrial linkages.

    Conclusion

    Business study in Ireland links industry and academia and benefits both students and industries. Students who are passionate enough to make their mark in the world must study business.Moreover, ACCA Ireland creates paths that are never there before and it is the best gateway to multiple opportunities.Business studies help you to excel both globally and locally. 

    Frequently Asked Questions

    How to become an accountant in Ireland?

    You can become an accountant in Ireland by pursuing qualifications such as ACCA Ireland or Institute of Chartered Accountants of Ireland programs. These certificates offer a clear pathway to a

    Is Ireland an appropriate place for overseas students pursuing business studies?

    Absolutely! Ireland is well-known for its hospitable culture, world-class education system, and internationally acclaimed business programs. It exposes international students to a variety of cultures and offers possibilities for networking.

    What are my job possibilities after studying business in Ireland?

    Ireland’s flourishing economy and the presence of major corporations like Google, Apple, and Facebook provide excellent job opportunities for business graduates. Popular professional paths include banking, marketing, consulting, and entrepreneurship.

    How much does it cost to study business in Ireland?

    The fee varies according to the institution and program. Tuition expenses for international students often range differently for different programs. Scholarships and financial aid are available to help with expenses.

    Are there any internship options for business students in Ireland?

    Yes, many Irish colleges have links with multinational firms that provide students with internship possibilities. These internships offer practical experience and can lead to full-time work following graduation.

  • 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.

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    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)

    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! 

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