What Are the Benefits of ACCA Qualification?

Attempting professional exams is the best next step to advancing your accounting and finance career. However, there are several to choose from, and it is a significant decision. So, you want to make sure you're making the right decision. We at FINPLAN understand that the ACCA exams are well worth taking for any accounting professional looking to advance their career. Employers all over the world recognize the ACCA as a global qualification.

What is the advantage of doing ACCA?

Recognized Globally

ACCA is a globally recognized professional certification that has 200 000 members from 181 countries. (https://www.shptraining.com/acca/) Furthermore, thousands of employers from all over the world have recognized the ACCA qualification. Therefore, it is one of the most sought-after professional accounting certifications globally.

Learn a Wide Range of Knowledge and Skills

ACCA encompasses a wide range of skills and competencies from which you can learn. The syllabus covers law, taxation, financial management, financial reporting, auditing, management accounting, strategic planning, and ethics, among other topics. At FINPLAN we cover all these subjects under the mentorship of industry experts.

Create a Lucrative Career

The ACCA is a highly valued certification that recognizes you as a genuine professional in accounting. Because the certificate is recognized globally, you can begin a promising career in Europe, Africa, and other regions that provide attractive employment opportunities and high quality of life.

Begin Your Own Business

The ACCA course introduces you to the world of business and financial management. The knowledge and insights you gain from the course will help you lay the groundwork for running a business. Members of the ACCA can start auditing, taxation, and other accounting business practices. We at FINPLAN have seen many entrepreneurs emerging after successfully completing the ACCA certification from our batches. ACCA can help a person who wants to become an entrepreneur chart the right path.

Adaptable Study

ACCA does not necessitate any special academic arrangements because the course can be completed online and in person. You can select any study model that meets your specific needs based on your preferences. Furthermore, the examination structure is extremely adaptable, as you can take the papers based on your needs. You are enrolled in ACCA for ten years once you are admitted. Thus you have enough time to finish your certification. Moreover, if you have the helping hand of a learning partner like FINPLAN then things get easier.

Pocket-friendly

ACCA is one of the most affordable professional certifications that can lead to a promising career. ACCA provides highly valuable professional certifications for those wishing to make a name for themselves in accounting and finance.

Discover New Perspectives on Professional Work

To join the ACCA accounting professionals, you must have at least three years of work experience. The prerequisite is required to assist students in mastering the professional complexities of accounting. As a result, when a student completes the course, he is academically and professionally qualified to perform his job as an accounting professional.

Is ACCA worth doing?

We at FINPLAN guarantee that the ACCA exams are well worth taking for any accounting professional looking to advance their career. Employers all over the world recognize the ACCA as a global qualification. Taking professional exams is the best next step to growing your accounting and finance career.

Is ACCA good for the future?

The ACCA can help you get a job in consulting, advising, fund management, and taxation in the USA, the United Kingdom, Dubai, and Singapore. Financial or consulting positions in top-tier MNCs. Another career option for the ACCA is to start your own business for advising, consulting, tax filing, etc.

What is the salary of ACCA?

There are numerous benefits to pursuing the ACCA course to become a global chartered accountant. One of these benefits is a higher salary. An ACCA trainee can currently earn around INR 19,00,000 per year, while an ACCA part-qualified can earn around INR 25,00,000 per year. ACCA finalists earn an average annual salary of INR 30,40,000. (https://www.accaglobal.com/an/en/student/sa/features/what-salary-should-you-be-earning.html)

Why ACCA Over ICAI?

The ICAI has no such activity of obtaining employer approval for the CA course. ACCA is better suited for students and learners who want to work in non-Indian Audit & Taxation and pursue a professional career in an MNC. International auditing and taxation, as well as all other areas of finance, are appropriate. Because ICAI conducts both training and examinations for its courses, it lacks an approved training provider mechanism. ACCA allows students to write up to four exams per quarter and eight papers per year, giving them more flexibility. In terms of competence, the ICAI-issued Chartered Accountant degree is equivalent to the ACCA, though the content differs slightly.

Which is better, CIMA or ACCA?

According to industry evidence, the ACCA will provide you with a stronger foundation in accounting principles than the CIMA, but at the expense of management reporting and corporate strategy. As opposed to ACCA, CIMA combines business knowledge with financial management, cost management, and financial management.

Is ACCA a prestigious qualification?

The ACCA collaborates with business leaders worldwide to ensure that the qualification helps you develop the skills, thinking, and judgement you'll need in the workplace to add the most value to the company you work for. This means that the ACCA is a well-regarded qualification that is very appealing to employers.

Final Thoughts

The ACCA is worthwhile if you're willing to put in the effort, make certain sacrifices, and persevere through the occasional rough patch. You may experience some setbacks, but you will learn from your mistakes and persevere. Furthermore, you will gain fantastic benefits such as a global career and higher earnings if you pass. However, with the helping hand of a learning partner like FINPLAN you can sail easily on this journey. Enquire today and start your ACCA journey with us.