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To be a qualified accountant in today’s world, we are no longer limited to registering ourselves in universities to earn an Accounting Degree. Several professional accounting qualifications are available and the ACCA Qualification by the Association of Chartered Certified Accountants is a popular option among these.
Formed in 1904, ACCA is the world’s leading global body for professional accountants which can earn you the Certified Chartered Accountant years as early as within 3 years.
The ACCA qualification is well-recognised globally. Even in India, many employers have become increasingly aware of the ACCA qualifications, and they are hiring them eagerly – top employers include PriceWaterhouseCoopers, Ernst and Young, Deloitte, KPMG, Shell and TATA Communications.
So how does taking ACCA continue to help professionals grow in reputation and influence? This is an overview of how ACCA enables students/ professionals to have an enhanced competitive edge and lead the role change in the accounting profession.
Many in the accounting profession have realised and unanimously agreed that ACCA enables them to excel in their job functions. There are several valuable reasons as to why ACCA is sought after by as many as 503,000 students in 179 countries.
The top reason is because ACCA constantly revolutionises its range of learning opportunities through a continually evolving professional programme. ACCA regularly updates its syllabus based on industry feedback and its own research and insights and ensures its course remains fully relevant to the developing trends in the field of accounting.
The Strategic Professional and related components of ACCA (such as Ethics and Professionalism Module) provide a structure for students and professionals to reflect upon the skills needed to be leaders in their workplace. The introduction of ACCA’s stimulating Strategic Business Leader case study examination is a prime example of adaptation to such demands.
Another important reason is effective professional development, mentoring and coaching. As a professional body, ACCA recognises the vital role that students/ professionals have to play and has a robust continuing professional development in place that helps facilitate workplace mentors and mentees to connect on a professional level as well as help individuals self-learn and adapt to changes even after their core qualifications are complete. Thus, it is safe to say that what awaits students/ professionals will be a continual revolutionary and exciting journey of professional success.
New age applications offer a full-featured suite of accounting solutions that can easily track cash flow, scan receipts, send quotes, track sales and expenses as well as handle many other accounting needs. Add-ons such as payroll and HR systems, Customer Relationship Management (CRM) and Point of Sale (PoS) software are also more common and can be easily integrated with clients’ inventory control and warehouse management solutions.
This notable effect technology has had on the profession is already transforming the way accountants work today, allowing them to work from virtually anywhere. In fact, the Internet of Things (IoT) is all about connections.
In the long run, accounting software and enterprise programs will probably be more automated and this, in turn, will open up new opportunities for the professional accountants to engage with clients, focusing better on business strategies, customer services and relations, and other business planning services that were previously out of reach.
In summary, the future of the accounting profession is full of many exciting possibilities and ACCA helps to ensure that students/ professionals stay ahead of technological trends and on top of the game, staying agile and relevant to serve the various accounting needs of local and international organisations. It is a globally recognised qualification that any individual can use to secure a great career, pay package and professional growth anywhere in the world.