The evolution of the accountancy professional

Posted: March 13, 2017 in Ndzavi Derrick

We know the world is changing at a rapid pace and the role of professional accountants is more important than ever before.

ACCA (the Association of Chartered Certified Accountants) through its qualification is developing dynamic professional accountants who are strategic forward-thinkers, who thrive in a world of constant technological change and growing globalisation.

ACCA’s Professional accountants – the future research programme answers the following questions:

  • What skills and qualities do professional accountants need to be successful?
  • What changes will impact the future of the profession?
  • How do young professionals see their future in finance?
  • What changes will impact the future of the public sector?

ACCA is truly global organization with members living and working in over 180 countries worldwide.

ACCA Fundamentals level teaches you essential financial and management accounting techniques, in addition to providing a strong, broad and practical knowledge of the world of finance.

What opportunities could it lead to?

Studying at Fundamentals level gives you a wide range of opportunities to choose from, such as finance traineetrainee business analyst and internal auditor.

What will it involve?

There are three valuable awards that can be achieved at the Fundamentals level:

  • Diploma in Accounting & Business:Students progressing from ACCA Foundations level will already have this qualification, but it’s an important first step for those starting at Fundamentals level. The Diploma consists of three papers: Accountant in Business; Management Accounting; and Financial Accounting. You also need to take the online ethics module, Foundations in Professionalism.
  • Advanced Diploma in Accounting & Business:Take your knowledge further with the next six papers: Corporate and Business Law; Performance Management; Taxation; Financial Reporting; Audit and Assurance; and Financial Management. You also need to take the online ethics module, Professional Ethics. On completion of the Advanced Diploma, you can move up to ACCA Professional level.
  • BSc (Hons) Degree Applied Accounting:You also have the opportunity to further your knowledge and skills with our degree in Applied Accounting, which has been created in partnership with Oxford Brookes University. Holding both a professional accounting qualification and an accounting degree is a powerful combination that can greatly increase employment opportunities with employers.

How long will it take?

ACCA Fundamentals level can be completed in as little as 12 to 18 months, but a range of flexible study options are available to suit your lifestyle.

To gain the ACCA Qualification and become an ACCA member, you also need to study at the Professional level in addition to completing three years’ work experience. If you study while you work, you could complete everything in just three years.

On completion of the Fundamentals level, students can progress to our Professional level.
What will you learn?

At the Professional level of the ACCA Qualification, you’ll learn the dynamic skills and strategic vision that all great businesses and financial leaders need. It also gives you the opportunity to specialise in areas that best suit your career ambitions.

What opportunities could it lead to?

Becoming an ACCA member unlocks the widest number of career opportunities, and gives you a mark of distinction that lets you drive your career to greater success. It could lead to very senior positions such as a financial managerchief financial officer or a partner in a professional firm.

What will it involve?

ACCA Professional level requires you to undertake:

  • 5 exams:This includes three compulsory courses of Governance, Risk and Ethics; Corporate Reporting; and Business Analysis. Choose two further courses that suit your career ambitions from Advanced Financial Management; Advanced Performance Management; Advanced Taxation; or Advanced Audit and Assurance.
  • 1 ethics module:We believe that finance professionals should be ethical, which is why our Professional level includes a compulsory ethics module.
  • 3 years’ work experience:Our exams provide the theory, but you also need practical experience in a relevant workplace role.

How long will it take?

If you combine your studies and work experience, you could gain your ACCA Qualification and be an ACCA member in as little as three years. However, we think your studies should fit around your life, which is why a range of flexible study options are available.

Member benefits services

ACCA keeps you at the leading-edge of the profession with a range of benefits and services which include:

  • The ACCA designation – the choice among employers
  • The chance to be a global influencer and build your professional network
  • Supporting you in your continuing professional development
  • Keeping you informed-online, in print and on the move
  • Round the clock customer care and careers service

This is only a snapshot of the many benefits members enjoy! More can be viewed on the website by clicking this link

Wondering if you are eligible?

To start at Fundamentals level you need a relevant secondary school education covering five separate subjects, which must include English and maths.

Take the first step in your journey towards ACCA membership,  Simply “Click here for more info”:


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