Between the age of Genx and Millennials only IT, technology, or science students dreamt of going abroad for career progression, higher perks, and new life. But since the rise of crypto, data analytics, and the use of AI(Artificial Intelligence) businesses need advanced and agile human forces in every department. The commerce or accounting or finance industry is no exception for that. Among many recognized qualifications Association of Chartered Certified Accountants can offer vibrant career Avenues. Here We will discuss ACCA job opportunities around the world in detail.
ACCA qualification is smart enough to provide you with the most up-to-date skills and leadership qualities to lead teams, as well as global accounting and finance knowledge.
But even so, in India, commerce students continue to strive for the most common and predictable qualifications.
That is why we strongly advise ACCA. In a Commerce career, you can pursue courses such as ACCA and CPA. These courses will prepare you to become industry experts in your field.
In this article, we will be discussing core questions related to ACCA Job opportunities and scope in the international market. In short the careers avenues after ACCA
What exactly is ACCA?
ACCA is a finance and accounting qualification that chisels you to become a professional Auditor, Accountant, Finance Manager, Corporate treasurer, Tax specialist or CFO.
Association Certified Chartered Accounting is a 100 years old respected and recognized accounting body in the United Kingdom. ACCA has many recognized partners or approved employers around the world. In India, ACCA has more than 90 approved employers including Big4. This means that ACCA has huge scope and job opportunities in India. There are more than 3,00,000 ACCA members around the world which makes ACCA a True global qualification.
ACCA is nothing but UK CA in the Indian context. ACCA’s syllabus includes everything that an Indian CA offers, but it has been enhanced with case studies and a simulation-based approach which makes the study of ACCA more exciting and not rote.
Furthermore, ACCA covers IFRS, so you will be job ready for the international market.
ACCA course structure
The syllabus is divided into 13 papers. ACCA guarantees a comprehensive knowledge base in the field of accounting and finance.
- Also Read: 5 Productivity tips for commerce students to prepare for ACCA exam
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ACCA Knowledge level:
This is the first level in ACCA. This has 3 papers Business & Technology (BT or ACCA F1), Management Accounting (MA or ACCA F2), and Financial Accounting (FA or ACCA F3). Commerce graduate, CA IPCC and CA can avail exemption from knowledge level. After knowledge level, students will progress to skill level.
Knowledge level develops your understanding of finance and helps understand the techniques of Accounting.
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ACCA Skill Level:
The second level in the ACCA course. The skill level has 6 papers in it.
- Corporate & Business Law (LW or ACCA F4)
- Performance Management (PM or ACCA F5)
- Taxation (UK-Tx or ACCA F6)
- Financial Reporting (FR or ACCA F7)
- Audit & Assurance (AA or ACCA F8)
- Financial management (FM or ACCA F9)
Skill level is aim to provide in-depth and practical application of finance and accounting concepts.
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ACCA Professional level:
At this level, students can choose their specialization. Professional level empowers students to become Future leaders and strategic professionals. This level is designed to impart the professional and ethical skills necessary in areas of finance and accounting.
ACCA Essential:
- Strategic Business Reporting (SBR)
- Strategic Business Leader (SBL)
ACCA Professional Level Optional:
- Advanced Financial Management (AFM)
- Advanced Audit & Assurance (AAA)
- Advanced Performance Management (APM)
- Advanced Taxation (ATX)
Job opportunities after ACCA
Accounting is truly a global profession. And once you have obtained a rigorous qualification such as ACCA, you will be prepared for both Indian and international opportunities. ACCA opens up a world of opportunities for you.
ACCA Job Opportunities
- Financial Accountant
- Management Accountant
- Finance Controller
- Corporate treasurer
- Forensic Accountant
- Auditor
- Tax consultant
- Tax Specialist
ACCA has more than 100 multinationals as approved employers worldwide including Big4.
ACCA members have signing authority in Canada, Singapore, UK, Japan, Dubai, Australia, Malaysia, Germany, New Zealand, European Union, Ireland, Switzerland, and South Africa except for India. (But that should not stop you from setting up practice or consultancy in Accounts and Finance in India)
ACCAs are working in leading firms and MNCs in India.
Many mid-sized organizations in India also hire ACCA-qualified candidates.
The simplest way to check this is to search on LinkedIn, Naukri, and the ACCA job portal.
Rather IFRS in ACCA makes your profile more desirable for hiring companies.
ACCAs globally approved employer’s region-specific employers are on their portal.
As an ACCA coaching institute in Pune, we can provide you with a list of our students who started working at a very young age with MNCs as ACCA affiliates and members.
One the most important benefit of ACCA is you are not stuck in attempts like CA. You can plan your papers and studies along with work and college and get placed at right age
Our rankers are holding respected job titles with the highest pay grade in BIG 4 and multinationals.
Also read: Career scope for Indian Commerce Students in ACCA Course
Overseas or international work opportunities after ACCA
If you desire to live outside of India, ACCA is the course for you.
In India, ACCA is recognized for its overseas work opportunities. Because ACCA is UK based accounting body Students have job opportunities in 4 main countries of the UK i.e Great Britain (England, Wales, and Scotland), and Northern Ireland.
ACCA has legal and mutual recognition with 180 countries
ACCA members can also work in Canada, Singapore, Japan, Dubai, Australia, Malaysia, Germany, New Zealand, European Union, Ireland, Switzerland, South Africa, Brazil, Hong –Kong, All middle eastern countries, and Israel.
ACCA is truly a Global accounting qualification.
Also read: Career in ACCA Certification Before B.Com
Conclusion:
So if you are planning to choose ACCA as the next step in your career then don’t even think twice. Choose ACCA.
AKs Training academy is known as the Best ACCA Coaching institute in Pune for the last 11 years. We have seen our students getting placed in BIG4 and MNCs. We can assure you to guide you through this journey with our intensive, result-oriented personal coaching. Our faculties are qualified CA, and CPAs with rich industry exposure.
Please get in touch with us for complete guidance.