Top 5 Benefits of an ACCA Membership

 

The Association of Chartered Certified Accountants (ACCA) is the world’s fastest-growing accountancy qualification, with 208,000 members worldwide. It is rapidly increasing in popularity in the UK, with many professionals choosing to qualify with the ACCA, and consequently achieving ACCA membership.

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In order to gain membership of the ACCA, you will need to have:

 

1. Passed your ACCA exams

2. Had three years of practical experience

3. Completed the Ethics and Professional Skills course 

 

After completing these three steps, you will be invited to become a member of the ACCA, opening up a whole new world of resources and benefits that can enhance your career as an accountancy and finance professional. 

 

But what makes becoming an ACCA member so desirable? In this article, we list the Top 5 Benefits of an ACCA membership: 

 

1. The ACCA is globally recognized

The ACCA IFRS Course offers its members the opportunity to be part of a vast global network of accountancy and finance professionals. The ACCA community stretches across 179 countries, which means that there is the option to work anywhere you choose. 

The ACCA qualification is highly respected worldwide widely recognized as an association that embodies integrity, ethics, and professionalism. The qualifications are developed in line with employers’ international accounting standards. Therefore, organizations are confident that ACCA accountants are competent individuals who are aware of the financial laws and rules in their particular country.

 

2. Study is highly flexible

The study options for the ACCA are very flexible. You can choose to qualify at your own pace; full-time or part-time, through courses or at home. 

No matter how you prefer to learn, there is a range of study methods available. If you learn best with face to face tuition, you can attend courses offered by Approved Learning Providers. Equally, if you prefer working more independently, you can complete modules online.

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 For example, those who are working alongside qualifications may opt for a self-study approach if they are in full-time employment. There is no restriction on choosing your study options – you can mix and match methods from one exam to the next. The freedom to decide how and when you learn is one of the ACCA’s core benefits. 

 

3. Enhanced experience and continuous development

Part of gaining ACCA membership is completing 3 years of practical experience. A good way to really make the most of this experience is to work and study simultaneously. This allows you to develop both your theoretical and practical knowledge in a real-world setting. 

The evolving nature of finance means that being book-smart with no real exposure to the inner-workings of a business will limit your career development Many organizations provide study support and training opportunities to ACCA students, so this option for part-time study is a great way to develop your skillset in other areas. 

When you become an ACCA member, you will receive support to continue your professional development throughout your post-qualified career. You will automatically gain access to a wealth of CPD resources and training programs designed to build on your existing skills. 

 

4. There are great career prospects

An ACCA membership means that you can work in any business sector – from private practice and financial services to the public and corporate sectors. A formal qualification that is so globally recognized will set you up well for any career within accounting and finance.

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As well as the continuous career enhancement as mentioned above, there is also the opportunity to become an FCCA (Fellow Chartered and Certified Accountant). This can be achieved when you have been an ACCA member for 5 years and have completed your Continuous Professional Development modules. 

You will be instantly awarded a fellowship with the ACCA, which indicates to employers that you have significantly developed your knowledge and expertise, and that you have demonstrated a commitment to the profession. 

 

5. Higher Earning Potential

The ACCA qualification carries prestige and credibility which is widely recognized by employers. Its status means that as an ACCA Chartered Accountant, you have enhanced your career enough to be able to negotiate a higher salary. ACCA members have the opportunity to continuously develop professionally, and this are grounds for you to demonstrate a solid case for a pay rise, as both your experience and skills increase. 

ACCA membership is a great stepping stone to career development, broadening your skillset and opening the door to global opportunities. 

For more information about the ACCA qualification, check out more of our ACCA Course in India related articles below or visit the official ACCA website.