The Association of Certified Chartered Accountants (ACCA) is an internationally recognized accounting body with over two million qualified professionals worldwide. The ACCA qualification Q2022 trains the individual to become certified accounting competent with extensive knowledge of bookkeeping practice, devices, and measures.
Though it may seem similar to AAT levels, both qualifications are different from each other. The AAT consists of three levels, whereas ACCA comprises 14 exams to open the gateway to more profitable career opportunities. The AAT accounting qualification Q2022 does not require previous knowledge of bookkeeping and related skills. In contrast, ACCA demands previous skills and levels of degrees.
Key Takeaways
Introduction
Understand the importance of the ACCA qualification in the current and future business environment.
ACCA Qualification Structure
- Explore the structure of the ACCA qualification and how it is designed to develop skills and knowledge for finance professionals at every stage of their careers.
- Discuss the levels of the qualification and the subjects covered at each level.
Future Connect Program
- Learn about the Future Connect Program, designed for students and graduates to help them achieve their career goals in finance.
- Discover the program's benefits, including networking opportunities, career guidance, and practical experience.
Entry Requirements
- Understand the entry requirements for the ACCA qualification and the Future Connect program.
- Review the qualifications and experience needed to start the ACCA qualification and be eligible for the Future Connect program.
Exam and Professional Experience Requirements
- Explore the exam and professional experience requirements for the ACCA qualification and the Future Connect program.
- Learn about the different exams and the professional experience needed to become a fully qualified ACCA member.
Benefits of ACCA Qualification and Future Connect
- Discover the benefits of the ACCA qualification and the Future Connect program, including increased employability, higher salary potential, and global recognition.
- Understand how these programs can help individuals advance their careers in finance and achieve their professional goals.
Conclusion
Summarize the importance of the ACCA qualification and the Future Connect program for individuals seeking a career in finance.
What are the requirements for the ACCA accounting course in 2021?
The ACCA Qualification course Q2022 comprises three levels: Applied Knowledge, Applied Skills, And Strategic Professional. The five years accounting course requires three GCSEs and two A levels in subjects, namely Mathematics and English, then you qualify for it. You need to have relevant work experience before applying for the qualification.
After enrolling on the ACCA qualification course Q2022, you must clear 13 exams in three years to take a relevant role in the company.
What is the structure for the ACCA accounting course in 2021?
The ACCA qualification course Q2022 consists of three levels: Applied Knowledge, Applied Skills, And Strategic Professional.
Applied Knowledge level
Applied knowledge facilitates your understanding of accounting roles within the working atmosphere and builds an accountant's technical and practical expertise in a business.
It takes six months to one year to complete and makes you eligible for the jobs as an account clerk and associate with a salary up to £23,000. To improve your job designation and pay, you progress to the applied skills level of the ACCA course.
Applied Skills level
Applied skills level broadens your accountant's role and understanding in the business and teaches the interpretation of financial information. Applied skills level course takes around one year to 18 months, and after completion of six subjects of this level, your qualification gets equal to a bachelor's degree. It also qualifies you for the Strategic Professional level of ACCA. The partial capability allows one to become a junior accountant or finance officer and earn up to £25,000.
Strategic Professional level
The course content of strategic professional level involves advanced skills, techniques, and professional ethics needed for consultants or accountants working at the senior level. It requires studies for 12 months to 18 months and earns you the title of professional ACCA. Fully qualified ACCA professionals have plenty of job opportunities in various sectors and countries.
In the ACCA final stage, you will work as a financial analyst or assistant supervisor and earn around £45,000. An accountant can earn up to £62,000 annually along with other benefits. After working as a chartered accountant for five years or more, you can take up more senior roles in business, such as head of finance, partner, director, or chief financial officer.
What are other courses in ACCA Q2022?
Foundation ACCA Qualification Course
The foundation ACCA qualification course Q2022 informs you about accounting fundamentals and is ideal for individuals who are new to accountancy or lack formal accountancy qualifications. It does not require any qualification; however, starting at the introductory level can help you grasp the concepts better.
It starts at the GCSE level and becomes equivalent to a bachelor's degree in the first year. It takes one year to complete higher subjects. If you begin with a diploma in management accounting and finance, the time limit to complete the course can change. After completing this course, you can start applying your skills.
BSc (Hons) in Applied Accounting
After completing the Applied Knowledge and Applied Skills level and Professional and Ethics module, you can submit your Research and Analysis project to the university. University will assess the project to give you a degree of BSc (Hons) in Applied Accounting.
Conclusion
Future Connect Training is the best training provider offering ACCA qualification which is an internationally recognized degree and opens the gateway to numerous managerial and senior-level job opportunities for you. You can uptake the qualification after completing your AAT levels to have a more qualified job.
FAQs
Q1. What are the benefits of the ACCA accounting course Q2022?
- ACCA accounting course Q2022 enables you to become a Chartered Certified Accountant to take a senior position in a business board or company.
- It is the quickest and leading accounting body worldwide and has job prospects in more than 170 countries.
- The qualification showcases your aptitude and skills in different sectors of banking, business, counselling, and evaluation.
Q2. How is AAT differentiated from ACCA?
- AAT is the initial level for accountants, to begin with, whereas ACCA has the higher capability for individual accountants.
- AAT provides three bookkeeping levels: foundation, advanced, and professional. · ACCA has expert-level capabilities, and AAT has specialized-level abilities and skills. ACCA, on the other hand, has 14 exams to clear.
Q3. Can I do ACCA after O levels?
Having three O levels, matric or intermediate, you can opt for ACCA qualification with Foundation Diploma. Foundation diploma leads towards ACCA.
Q4. What is the duration to complete the ACCA qualification?
It depends upon the hard work and capability of the individual who can complete ACCA qualification within two years or take up to five years.
Q5. How Difficult is ACCA?
Every student is different, but ACCA recommends an average of 150 hours of study per paper. You're looking at about 900 hours of study per year for three years while maintaining a full-time job. Under these circumstances, it isn't easy to study for ACCA, even if you are familiar with accounting.
Q6. Can ACCA be completed in three years?
You need three years of practical experience before becoming a member of ACCA and being considered a qualified accountant. The qualification takes at least three years to complete.
Q.7. Why is the ACCA qualification important in the current and future business environment?
The ACCA qualification is important because it equips finance professionals with the skills and knowledge needed to succeed in the global business environment. It is designed to help individuals at every career stage, from entry-level to senior management.
Q.8. What is the structure of the ACCA qualification?
The ACCA qualification consists of several levels: Applied Knowledge, Applied Skills, and Strategic Professional. Each level covers different subjects and skills needed to become a well-rounded finance professional.