ACCA

What is ACCA?

ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

The ACCA qualification proves to employers that you have ability in all aspects of business. It is the largest and fastest growing qualification in the world, with over 500,000 members and students in 170 countries.

Practical Experience Requirement

Being a confident, inspiring and trusted professional comes with experience so to qualify as an ACCA member you must complete a minimum 36 months’ relevant work experience and achieve 9 performance objectives.

Your time in a relevant role and performance objectives need to be signed off by a practical experience supervisor. The practical experience requirement allows you to put the knowledge learnt through your studies into practice in a real work environment.

Benefits of the ACCA qualification

• enables you to become a Chartered Certified Accountant, use the designatory letters ACCA, and work in any aspect of finance or management in any business.
• better employment prospects as a result of having shown an ability in all areas of business.
• assures an employer that you have the skills necessary to progress to more senior management positions.
• higher status in the eyes of an employer, and also your clients
• It is the largest and fastest-growing global professional accountancy body in the world, with over 320,000 members and students in 170 countries
• gaining such a qualification is evidence that the holder possesses skills and knowledge which are in high demand by employers in industry, banking, auditing, consulting as well as other professions like taxation and law.
• candidates not only gain specialist knowledge in finance and accounting, but also acquire valuable skills in organisational management and strategy
• the qualification does not concentrate only on theory, and unlike Universities prepares a graduate for practical usage.
• the qualification is based on international accounting and auditing standards and is IFAC compliant
• The Professional qualification is of a high standard and is equivalent to completing full University Degree
• with exams twice a year students can work while they study
• personal satisfaction of having acquired the business skills

Three things you should know about ACCA

1. The ACCA (“Association of Chartered Certified Accountants”) is a global professional body issuing highly respected and valued international qualifications in business. It is recognised by member states of the European Union and the United Nations.
2. How to get the qualification? You have to pass a maximum of 13 exams in English and have relevant practical experience which you can gain in any business sector you are working in.
3. You can take up to 4 exams each session, and you have 10 years to do it! Normally it takes 2 or 3 years to qualify.

Eligibility for ACCA

• Al-level with 2 passes and 0-Level with 3 passes in subject including English and Mathematics
• American Higher School Certificate with at least 50% marks
• Graduation, B.A, BSc, B.com or Equivalent bachelor qualification
• Foundation Diploma
• Matric and inter students can also join the ACCA through FIA route

For further details relating to ACCA

Career route for Matric students