The below article will explain How ACCA Qualifications can benefit Employees and Employers.
Being an ACCA member since 2017 I do have a little inside that I would like to share with you here.
If you are unfamiliar with the ACCA certification, it is essentially an accounting qualification that stands for Association of Chartered Certified Accountants. The ACCA qualification is recognized globally and is great for those looking to level up in their accounting career or those that are passionate about accounting & Finance. Let’s understand why the ACCA certification is important and what the benefits are for those looking to pursue it.
Why Study ACCA?
Employers are looking for highly skilled and trained financial professionals to fill positions in their companies. The ACCA certification will showcase your skillset, enabling you to stand out among other job-seekers by showing off your diverse range of technical and soft skills. Additional skills, like business acumen and ethics, help position you as the most suitable candidate for a wide variety of roles on the market today.
Pro 1. Accounting Qualifications
The ACCA curriculum is a comprehensive program that enables members to hone a vast skillset across accounting, Finance, and other critical topics required to thrive in any chosen sector of accountancy. The program comprises modules in managerial, strategy, and analytics. As a Finance professional, you will be required to stay up to date on the newest regulations, legislation, and revisions. The ACCA keeps you up to date with the newest tax laws, new rules, and regulations required to execute all accounting positions.
Pro 2. Global Certifications
Given that ACCA has a global accreditation and is accepted across 180 countries, you can get placed in any country and domain of your choice. ACCA also trains you across a diverse array of domains in corporate Finance, including accounting, budgeting, tax & strategic planning, giving you a broad range of career choices in Finance. As an ACCA certified member, you have the choice of various positions in the industry, including as a Compliance Officer, CFO External or Internal Auditor, Financial Analyst, Tax Accountant, and Treasurer.
Pro 3. Career Opportunities
Given the global ubiquity of the certification and its recognition by major corporate & government employers, the ACCA certification will likely prove to be a big boost to your CV. Furthermore, as an ACCA member, you will have access to exclusive job boards that are chalk fall of opportunities. The organization has partnered with over 7,400 employers worldwide, who need to go through an approval process before posting jobs. This ensures that members have the opportunities to work with the best-certified employers globally.
Pro 4. Networking Opportunities
The Association of Chartered Certified Accountants (ACCA) has a vast global member infrastructure that acts as a support for all aspiring financial professionals. Once you qualify for ACCA certification, you will be able to find help in support among your peers in this group. ACCA has more than 233,000 qualified members working in every sector imaginable—in addition to over 536,000 future members indicates that it is poised for growth. A community of equals and like-minded professionals could be a career boost for those looking at a career switch or those aspiring for international opportunities.
ACCA for Employers
While the ACCA Certification can be beneficial for students by helping them progress in their career, enabling them to network with a large community of members & helping them dive into a broad set of accounting qualifications, it is also equally beneficial for employers. Not only do employers have access to a highly trained workforce who are equipped with accounting and managerial credentials, but ACCA-certified employees also give businesses a leg up in other areas. Let’s look at a few points that give employers an edge when hiring an ACCA-certified employee.
Pro 1. Helps Improve Business Processes
ACCA certifications equip professionals with practical knowledge of accounting, taxation, and financial management. Organizations hiring ACCA-certified professionals can expect flawless functioning of their company finance domains—from tax to audits, budgets, reporting, and book-keeping.
Pro 2. ACCA is a Forward-Looking Qualification
ACCA qualifications are always the most up-to-date on the market. ACCA also works with employers in all sectors to meet their needs by updating its syllabus annually. This is doubly true in an increasingly digital world, where finance professionals need to be equipped with a holistic approach to ensure that they can succeed. Certified members are experts in data analytics, big data, and cyber security, as well as other disruptive technologies. This ensures that ACCA-certified members stay current on most of the accounting, digital, and management skills required, thereby adding value to your organization from day one.
Pro 3. The Most Comprehensive Accounting Course
The ACCA Qualification has the most comprehensive syllabus of any accountancy body, giving your employees a broad knowledge of business fundamentals and allowing them to specialize their studies in areas that are relevant to their field. The ACCA qualification helps your employees obtain the knowledge and skills needed to work in a global environment, with access to an unparalleled network of international partnerships, including business leaders, governments, and opinion formers. This will give you insight into what the future holds for accountancy professionals and thus add real value to your business.
Pro 4. Flexible Schedule and Value Addition
ACCA’s four exam sessions allow businesses to train their team without affecting priorities or workflow. ACCA offers extensive support resources, including quality assured training partners and a large network of study options that help companies manage their schedules.
Conclusion on How ACCA Qualifications Can Benefit Employees and Employers
An ACCA Qualification can be immensely beneficial for both employees and employers. For employees, it gives them the opportunity to get access to a global network of like-minded professionals, change their career trajectory, and hone their vast skill set in accounting and business. On the other hand, businesses that are looking to hire ACCA-certified employees have the advantage of hiring highly-skilled, up-to-date employees who have comprehensive theoretical and practical knowledge in accounting, business, and Finance.
Thank you for reading. Here are some other blog posts you may be interested in
The journey I went on to becoming an ACCA accountant
Is Accounting the Right Career for You
Finding Accounting Jobs in the UK
