What is ACCA? Full Form, Course Details, Subjects, Certificate, Jobs, Salary, and More
In the realm of finance and accounting, the Association of Chartered Certified Accountants (ACCA) stands as a globally recognized professional qualification. ACCA equips individuals with the necessary skills and knowledge to succeed in the dynamic world of finance. This blog aims to provide a comprehensive overview of ACCA course subjects, including its full form, certificate, job prospects, salary, and more.
ACCA stands for the Association of Chartered Certified Accountants. It is a professional accounting body that offers a globally recognized qualification in finance and accounting.
ACCA Course Details
The ACCA course is structured in a modular format and consists of three levels: Applied Knowledge, Applied Skills, and Strategic Professional. Each level covers a specific set of subjects that build a strong foundation in accounting and finance principles. The ACCA course structure ensures a comprehensive understanding of key areas, including management accounting, financial reporting, taxation, audit and assurance, and more.
a) Applied Knowledge: This level introduces candidates to the fundamental principles and concepts of accounting and finance. The subjects covered include Accountant in Business (AB), Management Accounting (MA), and Financial Accounting (FA).
b) Applied Skills: At this level, candidates delve deeper into specific areas of accounting and finance. The subjects covered include Corporate and Business Law (LW), Performance Management (PM), Taxation (TX), Financial Reporting (FR), Audit and Assurance (AA), and Financial Management (FM).
c) Strategic Professional: The final level focuses on developing strategic thinking and leadership skills. It consists of two modules: Essentials and Options. The Essential module includes subjects such as Strategic Business Reporting (SBR), Strategic Business Leader (SBL), and Advanced Financial Management (AFM). Candidates can choose two subjects from a range of options, including Advanced Audit and Assurance (AAA), Advanced Taxation (ATX), and Advanced Performance Management (APM).
Know more about the ACCA professional level fees & other ACCA course details.
Eligibility and Registration
To pursue the ACCA course, candidates must have completed their 10+2 education or its equivalent. There are no specific subject requirements at the 10+2 level. Alternatively, candidates can join ACCA after completing the Foundation in Accountancy (FIA) qualification, which serves as a stepping stone to ACCA.
ACCA Course Fees and Coaching
The ACCA course fees vary depending on factors such as location and training provider. It is advisable to check with accredited institutions or the official ACCA website for accurate and up-to-date fee information. For students seeking guidance and support, ACCA coaching centres and online platforms offer preparatory courses and study materials to enhance their understanding of the subjects.
ACCA Online Classes and Learning
In response to the growing demand for flexible learning options, ACCA online classes are now-a-days a growing option. These online classes offer convenience and accessibility, allowing students to study at their own pace and from anywhere with an internet connection. Online resources, video lectures, and interactive platforms facilitate effective learning and preparation for ACCA professional level examinations.
ACCA Subjects List
ACCA covers a wide range of subjects that provide a holistic understanding of finance and accounting. These subjects include Accountant in Business, Management Accounting, Financial Accounting, Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, Financial Management, and more. The comprehensive range of ACCA subjects ensures that candidates develop a diverse skill set to excel in their careers. Some of the key subjects include:
- Accountant in Business (AB)
- Management Accounting (MA)
- Financial Accounting (FA)
- Corporate and Business Law (LW)
- Performance Management (PM)
- Taxation (TX)
- Financial Reporting (FR)
- Audit and Assurance (AA)
- Financial Management (FM)
- Strategic Business Reporting (SBR)
- Strategic Business Leader (SBL)
- Advanced Financial Management (AFM)
- Advanced Audit and Assurance (AAA)
- Advanced Taxation (ATX)
- Advanced Performance Management (APM)
Jobs and Salary
Upon completion of the ACCA qualification, candidates receive the globally recognized ACCA certificate. This certificate validates their proficiency in finance, accounting, and business management. ACCA qualification opens doors to a wide range of career opportunities in finance, accounting, and business management. Some of the job roles that ACCA professional level candidates can pursue include:
- Financial Accountant
- Management Accountant
- Auditor
- Tax Consultant
- Financial Analyst
- Risk Manager
- Business Advisor
- Finance Manager
- Chief Financial Officer (CFO)
Salary Range
The salary of ACCA professionals varies based on factors such as experience, job role, industry, and geographical location. However, ACCA qualification is often associated with competitive salaries. Entry-level ACCA professionals can expect a starting salary in the range of INR 4-6 lakhs per annum. With experience and career progression, the salary can significantly increase, reaching six-figure salaries in senior positions.
Global Recognition and Opportunities
One of the key advantages of ACCA is its global recognition. The qualification is recognized in over 180 countries, enabling ACCA professionals to explore international career prospects and global mobility. ACCA’s global network also provides networking opportunities, professional support, and access to a vast community of finance and accounting professionals.
Conclusion
ACCA, or the Association of Chartered Certified Accountants, is a prestigious qualification that equips individuals with the skills and knowledge needed for a successful career in finance and accounting. With its modular structure, comprehensive subjects, and global recognition, ACCA opens doors to diverse job opportunities and promising salary prospects. By obtaining the ACCA qualification, individuals can embark on a rewarding professional journey, making valuable contributions to the finance industry on a global scale.
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