ACCA course plays a pivotal role in the life of accountants. The ACCA course is a recognized degree throughout the world. The professional accounts can get profitable working opportunities if they do the ACCA course. You should know about the ACCA course before taking this course.
There are two A Levels and three GCSEs in the five different subjects, which incorporate English or Mathematics and so on; these subjects are needed for the accountancy qualification. In India, the entry requirement for the ACCA course is either 10+2 or senior secondary. It is a fact that the ACCA trainees can work in distinct sizes and sectors of business firms. If you want to complete the ACCA course, you have to complete the professional ethics module. Such a module can make you aware of the ethical perspectives and it consists of different self-tests that require the students to use respective ethical values and behaviour to answer the questions. You should choose the ACCA course now if you want to work as an accountant in a famous business firm.
Fees for registration and others
You must know about the fee structure of the entire ACCA course and what payment you have to pay for appearing in the exams. You can check out the official website of the educational institution to get information about the fees of exam entry, registration, subscription. In addition, you should check out the website of the institution frequently to know about the dates of exam entry and the methods of exam entry.
Duration of the course
The duration of the ACCA course consists of only two exam sessions each year. These sessions include four papers and thereby, all your exams would be completed in a span of 2 years. You require a total of 3 years of practical experience of working in a company and after that; you can become a member of ACCA and a professional accountant.
Know about the syllabus for fundamentals
The syllabus of the ACCA course is vast and you have to plan your studies accordingly as per the syllabus. This course has 14 papers and you can get an ACCA certificate if you would be able to clear these 14 papers. 50% is the minimum passing requirement for every student. The fundamentals of the course include accounting in management and finance; business and corporate law; the business' governance and ethical issues; taxation; reporting; audit and so on.
Know about the syllabus for professional
The syllabus of the ACCA course for the professional division differs from the fundamentals division. In the professional division of this course, you would come to know about corporate reporting, risk, ethics, governance, advanced financial management, business analysis. The students can gain profound knowledge about
- Advanced taxation,
- The taxation rules of India,
- The effect of taxes on the business of companies.
The facility of exemption from fewer papers is given to students based on the previous qualification of the students. The students have to pay every fee for exemption before paying the charges for registration. The exemption is available for CA's from fundamentals 1 (F1) to fundamentals 2 (F2). The exemptions from certain exam papers are also given to the graduate students, which consists of fundaments 1 (F1) to fundamentals 3 (F3). If you have any doubts about the exemption of any paper from your 2-year session and other matters, you should talk to the employee of an institution's office on an immediate basis.
Handling of finance
The top MNCs of India are on the lookout of skilled accountants, who can handle the financial department of distinct branches of a company properly. The ACCA course can increase your chances to get the appointment letter in the reputed company soon. The professional accountants' role does not end after doing auditing of a company per year. The accountant has to find out discrepancies in the financial statements, evaluate the records of financial transactions to determine if any fraud has taken place or not. If any discrepancies in the reports are found, the accountant has the duty to inform about it to the business leader without any delay. The ACCA course can let you know about the techniques of treasury and advanced risk management, which in turn, can be useful to handle a financial crisis in a company.