#cfa acca exemptions

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Wegyde ACCA Coaching Institute in Kerala, Cochin

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Charting a Global Career in Finance

Introduction

Aspiring professionals in accounting and finance often consider globally recognized qualifications like ACCA and CFA. Comparing CFA vs ACCA, the former emphasizes investment management and analysis, while the latter focuses on accounting, taxation, and auditing. ACCA's comprehensive curriculum makes it an excellent choice for those seeking versatile roles in financial management across various industries.

A Globally Recognized Accounting Qualification

The ACCA course is designed to provide students with a strong foundation in accounting and finance. The program consists of three levels: Applied Knowledge, Applied Skills, and Strategic Professional. ACCA course details also include an Ethics and Professional Skills Module, which helps students develop practical expertise and ethical judgment. Candidates are also required to complete three years of relevant work experience to qualify as ACCA members.

The ACCA course offers flexibility, allowing students to work while studying. Additionally, exemptions are available for candidates with prior academic qualifications, enabling them to fast-track their learning journey.

Eligibility and Enrollment

Understanding ACCA eligibility is crucial for prospective students. To enroll, candidates typically need three GCSEs and two A Levels, including Mathematics and English. However, exemptions are provided for graduates with degrees in accounting, business, or finance.

The ACCA registration process is straightforward. Students need to pay the ACCA registration fees, which currently stand at £89. Annual subscription fees of £137 help maintain active student status, while exam fees vary depending on the level and exam entry period.

Exploring Career Options

When deciding between qualifications, many professionals weigh the benefits of CFA vs ACCA. ACCA is ideal for those pursuing careers in auditing, taxation, and financial reporting, while CFA is better suited for investment analysis and portfolio management. Both qualifications are globally recognized, offering excellent career opportunities.

For those contemplating combining ACCA with an advanced business degree, such as an MBA, the benefits are significant. An ACCA MBA combination offers both technical expertise in finance and strategic business acumen, making candidates highly competitive in global markets.

Compensation and Opportunities in the UK

ACCA salary in the UK varies by role, experience, and location. Entry-level professionals, such as junior accountants, typically earn between £25,000 to £35,000 per year. Mid-level roles, such as financial analysts or audit managers, command salaries of £40,000 to £60,000. Senior roles, like finance directors, can earn upwards of £80,000, with top positions in London reaching £120,000 or more.

The demand for ACCA-qualified professionals in the UK remains high, particularly in industries such as financial services, consulting, and corporate management.

Opportunities and Compensation in Dubai

The Middle East, particularly Dubai, is a thriving hub for finance professionals. ACCA salary in Dubai is highly attractive, with entry-level roles offering approximately AED 10,000 per month. With experience, professionals in roles such as finance managers or auditors can earn AED 30,000 to AED 40,000 monthly.

A key advantage of working in Dubai is the tax-free income, which significantly increases the net take-home salary. The ACCA qualification is highly regarded in the region, with employers valuing the technical and ethical skills it instills in candidates.

Cost of Pursuing ACCA

Understanding the financial investment involved in pursuing the ACCA qualification is essential. ACCA registration fees are the first step, followed by annual subscription fees to maintain active student status. Examination fees vary depending on the exam level and the timing of registration.

While the overall cost of the ACCA program might seem significant, the long-term career benefits, including competitive salaries in the UK and Dubai, make it a worthwhile investment.

Conclusion

The ACCA qualification offers a world of opportunities for finance professionals, equipping them with skills in financial management, auditing, and taxation. By understanding ACCA eligibility requirements, exploring ACCA course details, and budgeting for ACCA registration fees, aspiring accountants can embark on a rewarding career journey.

Whether you aim to earn a competitive ACCA salary in the UK or enjoy the lucrative opportunities in Dubai, this qualification provides the foundation for long-term success. Additionally, combining ACCA with an MBA can further enhance career prospects, blending technical expertise with strategic business leadership.

For those comparing CFA vs ACCA, the decision ultimately depends on your career goals. However, with its global recognition and practical focus, ACCA remains a top choice for ambitious professionals worldwide.

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US CMA EXEMPTIONS

For eligible applicants, the US CMA (Certified Management Accountant) program provides a few exemptions that speed up the certification procedure. Certain educational requirements may not apply to people who possess accredited professional certificates, such as ACCA (Association of Chartered Certified Accountants), CPA (Certified Public Accountant), or CFA (Chartered Financial Analyst). Furthermore, applicants may be eligible for exemptions if they hold postgraduate degrees, such as an MBA with a finance or accounting specialization. These provisions, which allow seasoned professionals to accelerate their route to becoming CMAs while upholding strict standards for management accounting certification, are intended to recognize the skills and knowledge acquired through extensive professional training and study.

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ACCA places a strong emphasis on practical skills and regulatory compliance while concentrating on accounting, auditing, and financial management. Financial theory, portfolio management, and investment analysis are the three main focuses of CFA. Accountants can benefit from ACCA, whilst investment professionals looking for financial markets experience can benefit from CFA.

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ICAI Releases Self-Paced Online Modules (SPOM) SET A and SET B on Digital Learning Campus Portal

ICAI ANNOUNCEMENT on 07 MAY 2024

The Board of Studies of the Institute of Chartered Accountants of India (ICAI) has taken a significant leap forward in enhancing the learning experiences of the students with the introduction of Self-Paced Online Modules (SPOM). It provides an enriched and flexible learning experience to our students in alignment with the New Scheme of Education and Training wherein students are required to complete the minimum prescribed 40 learning hours of Self-Paced Online Modules in both SET A: Corporate and Economic Laws and SET B: Strategic Cost & Performance Management as available on the ICAI Digital Learning Campus https://lms.icai.org/login. The students may note the following: -

Students who have registered for the Final Course can only undergo SPOM courses at their own pace, anytime and anywhere.

No separate fee is payable for Self-Paced Online Modules.

Students can monitor their learning journey and track the completion status of SPOM on the dashboard of the ICAI Digital Learning Campus.

After completing the prescribed number of hours of learning students have to appear for the SPOM test to be conducted by the Examination Department. (A separate announcement in this regard will be web-hosted by the Examination Department in due course).

Students may refer to the Examination announcement-https://resource.cdn.icai.org/75658exam61200.pdf for exemption(s) in SPOM.

Students can log in to the ICAI Digital Learning Campus Portal by using the following methods: -

1. Login at https://lms.icai.org/login with OTP (OTP will be received on registered Mobile no. with Self-Service Portal (SSP, ICAI only)

2. Sign in with SSP (Login details)

Important Instructions: -

Students are advised before logging in to read the FAQs carefully. Click here to read the FAQs.

Students must have a Desktop/Laptop with a webcam for undergoing Self-Paced Online Modules.

Students need to have an internet connection with a minimum speed of 2 to 5 Mbps to effectively engage with the topics available on the ICAI Digital Learning Campus.

Students should ensure proper light for face detection since this platform automatically compares the student's face detection with the SSP profile photo.

During Self-Paced Online Module (SPOM) learning, students are advised to remain within the webcam's frame throughout the SPOM duration.

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Best online courses for accounting and finance

Webinars How to Pursue CFA without a Base in Finance! Know all about CFA and how to go about it without a base in finance. 17 MAR 6:00 PM Register Now ;ACCA Exemptions Are Bad' - Truth or Myth? Get an understanding of exemptions you can avail with ACCA integrated programs and whether you should

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How Difficult is it to Pass the ACCA Exam?

ACCA is an internationally recognized qualification and is one of the most sought-after courses as clearing the ACCA exams makes you a Certified professional, it will also help you gain ACCA membership. It opens up a wide array of opportunities as it is an accepted qualification across the globe (Across 180 countries) Many students have a false notion that ACCA exams have complicated syllabi, which are very vast thus making it difficult for students to clear the exam. This cannot be further from the truth. ACCA is comparatively much easier and more flexible when you compare it with other professional courses such as CA or CFA. The exam holds high value in a global environment due to its rigorous testing that showcases credibility. Students have to attempt 13 exams which are based on a well-curated curriculum that builds industry-relevant knowledge and skills and professional values. The ACCA exams will equip you to carry out strategic tasks at the highest level of management. 

ACCA course details and structure: ACCA exams can be completed in a very short duration successfully is you have a strategy in place. ACCA aspirants just need to focus on their syllabus and have a structured study plan with the recommended study materials and be a part of a good coaching institute that can guide them strategically. In order to be a qualified ACCA member they need to meet the following criteria. 

Attempt and clear 13 papers (ACCA allows up to 9 papers exemption for those who have to meet the exemption criteria)

Recorded experience of at least 36 months

Subjects in the ACCA syllabus

The ACCA exam is subdivided into 3 levels which include Applied Knowledge, Applied Skills, and strategic professional levels. 

The subjects for these 3 levels are 

For Applied Knowledge

Business Accounting

Management Accounting

Financial Accounting

For Applied Skills

Corporate and Business Laws

Performance Management

Taxation

Financial Reporting

 Audit and Assurance

Financial Management

For Strategic Professional

Compulsory

Strategic Business Leadership

Strategic Business Reporting

Optional

Advanced Financial Management

Advanced Performance Management

Advanced Taxation

Advanced Audit and Assurance

How can I clear ACCA on my first attempt?

As mentioned earlier ACCA has a very flexible exam format/structure which makes it much easier to clear ACCA on the first attempt compared to other professional commerce courses. The key element that one needs to focus on when preparing for ACCA is to have a well-structured plan and a concrete study routine. Enrolling in a well-established institute will help streamline this process. In this blog, we will discuss some pointers that are essential in you clearing your ACCA exam on the first attempt. • Have a proper study plan - The first step to getting started with the exam preparation is by going through the entire syllabus and developing a comprehensive study plan which will cover all the important topics. The first four exams can be attempted during the 4 windows throughout the year, the next four exams can be taken in March, June, September, and December. If you focus on one paper every quarter you can clear one subject at a time, this strategy is especially beneficial when it comes to higher-level papers as they have more to cover and are more difficult compared to the earlier papers. 

Do not skip topics - Do not skip topics thinking that the portion is difficult. Spent more time on weak areas, divide your time and effort in a manner so that you are able to answer questions across all aspects

Attempt mock exams - Mock exams are an effective and proven method to analyze your strong and weak points. It is vital that students take well-planned mock exams and similar simulations in the exam environment to better understand the exam. Once you have attempted 4-5 tests then you will feel confident on the day of the exam. The first 4 exams are computer-based, in an MCQ format. The subsequent papers have a combination of multiple-choice questions and subjective questions which require practice and technique. Attempting the exam in the prescribed time duration will also help you to be more familiar with the exam structure and format. You will also be able to understand difficulty levels and questioning tendencies by attempting the previous year's question papers. 

Use a mind map to go through the syllabus - ACCA as mentioned earlier is a hands-on, application-oriented qualification that necessitates more practice than memorization. In order to let all the information sink into your long-term memory than relying on short-term memory you need to give it some time. It's always a good idea to revise all the topics you have covered so that you have a better chance of clearing the papers. It is also recommended to make notes of acronyms and other important notes, and connect with your classmates and instructors to come up with ways to remember your topics. 

D-Day advice (What to keep in your mind right before your exams)

Do not cramp your mind or revise right before your exam day. It may affect your confidence if you are unable to answer some questions. Also do not compare your past mock test scores with your friends. 

Do not experiment with new food items before your exam. Stick to your normal food and routine. 

Always start with the question you are confident of, it would boost your confidence and will put forth a good impression in front of your invigilator. For MCQd there are no negative markings, so even if you make a guess you still have a 25 percent chance of getting the right answer. 

Do not waste your time on just one question. You can get back to the unanswered question when you have finished attempting the other questions, as time will become increasingly important for you.

When answering a question do not rush yourself. Give yourself the time to process the question and put in the work needed to recollect portions you have studied. 

Is it possible to study and clear ACCA if I am working?

You can explore our earlier article which dives deep into this topic. If you are someone who wants to pursue their education in ACCA along with their work, you can do so by enrolling in an online program. But we are aware that you will be willing to make social sacrifices and be able to manage time effectively. At Lakshya, we have flexible modes of delivery by which you can attend classes either in the physical class or attend our online classes led by industry experts who will teach you topics in depth. It will help you to comprehend the subjects and topics in a better manner without hampering your work schedule. We also offer recorded classes if you wish to explore and brush up on certain topics. 

FAQ’s     1. How difficult is it to pass ACCA on the first attempt?

ACCA considers an attempt successful if we receive at least 50% of the marks, which is pretty feasible to score. It's always a great idea to get proper training from an experienced and certified ACCA faculty member, this will exponentially increase your chances of clearing the paper. 

How can I clear all my ACCA papers on my first attempt?

Study on a day-to-day basis. Try and cover portions along with your lecture. Do not wait till the last minute. The revision course will ensure that you are completely prepared on the day of your exam. Ensure that you are very familiar with the exam structure, and regulations along with other things. Have a proper structure for your preparation and set achievable smart goals for each day. 

How can I clear the ACCA f8 if I attempt to do self-study?

The ACCA f8 as you are aware has a history of having one of the lowest pass rates. This paper will put your technical knowledge and audit principles to the test. It will also test your comprehension ability of the assurance engagement process and its application to a professional regulatory framework. You should try and work on at least 5 MCQ questions a day, which will enable you to complete 300 MCQ questions. This will help with retention and overall understanding of the concepts. 

What are the tips to clear the SBR paper on your first attempt?

In order to clear the SBR papers you should not only have the technical know-how you should also be able to apply and explain that knowledge during the exam. Be strategic, do not just write down whatever you know, choose the most relevant point and state that for the question. Answer in points instead of writing in long paragraphs, it will not help you to get marks.

Conclusion

With flexible modes of learning clearing your ACCA should not be a challenge. Explore the best method that will suit you. At Lakshya we have more than a decade of experience in teaching, we have specially curated teaching materials and a dedicated platform that will help you to have the best learning experience. We also provide regular exams, discussions, and more to ensure that you are well accustomed to the subject. If you have any further questions about the course or wish to attempt a demo class to know more please feel free to connect with our career experts. 

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Differences Between ACCA and CPA USA

Differences Between ACCA and CPA USA What is CPA (Certified Public Accountant)?

A Certified Public Accountant or CPA is a respectable credential that is given to one by the American Institute of Certified Public Accountants (AICPA). One can achieve this credential by successfully passing the Uniform CPA Examination and also by meeting certain educational and experience requirements. All over the world, different countries have certifications equivalent to that of CPA like the CA designation in India. The US CPA is one of the most highly respected credentials in the field of accounting and finance.

What is ACCA (Association of Chartered Certified Accountants)?

The Association of Chartered Certified Accountants or ACCA is a leading global professional accounting body founded in 1904, which offers the Chartered Certified Accountant qualification to learners who want to build a career in finance. Individuals who are Chartered Certified Accountants must be members of the ACCA and also they must comply with certain additional regulations such as carrying liability insurance, having a practicing certificate etc.

Differences between ACCA & US CPA

Application & Qualification:

This is one of the most crucial and vital differences between CPA and ACCA.

CPA USA

To appear for the CPA qualifying exam, the candidate must have any of the following qualifications.

Member of the “Institute of Costs & Works Accountants in India.” Member of the “Institute of Chartered Accountants of India.” Member of the “Company Secretaries in India.” MBAs. Master of Commerce. B.com graduates, pursuing Masters. The basic requirement for a candidate to become eligible for the CPA exam is that one must have 120 or 150 credits and the total must include 30+ in accounting and 24+ in business-related subjects. However, these requirements may vary according to different states. Once you are approved to give the exam, the preparation method depends completely on you. For the CPA exam, the state board would not provide any study material; candidates have to take commercial review courses. That is a decision that would need to be made according to one’s level of comfort. CPA USA can be pursued from various accredited institutions.

ACCA

The entry-level qualification for the ACCA is much lower than that of the CPA as the minimum requirements for the qualification are as follows.

Two A-Levels and three GCSEs (or their equivalent). These need to be in five separate subjects, including English and Maths. You can decide to do ACCA right after the 10th, graduation is not really a necessity here. Another notable piece of information is that if you have a bachelor’s degree in the relevant subjects, you can certainly apply for exemption on the part of all the papers at the fundamental level. Apart from this, there would be certain documentation that needs to be submitted to write the ACCA exam.

Related Article: Which is better? ACCA, CFA, or CPA Course Details:

CPA USA

CPA USA consists of four parts/papers which are related to Audit, Business Environment, Financial Reporting and Regulations. As mentioned above previously, CPA USA requires a student to study for at least 150 semester hours which is usually a graduate degree, before entering a CPA program. There are 4 parts of the CPA exam: Financial Accounting & Reporting (FAR), Audit & Attestation (AUD), Regulation (REG) and Business Environment & Concepts (BEC). These papers are tested the same irrespective of the state or institute. Finally, another important particular is that one also needs to pass or get an exemption from an ethics paper.

ACCA

The ACCA consists of three important particulars which are: 4 entry-level papers, 13 ACCA papers and also two outline modules which are based on professional ethics. There are four papers of the FIA or Foundation in Accounts which is an entry-level certificate and three initial papers of the ACCA. Then there are 13 ACCA papers which are further divided into two main groups – nine fundamental 4 professional papers. The candidate has a choice of whether he/she wants to finish off with the FIA or further pursue the ACCA qualification.

Exam Format & Content:

US CPA

The US CPA examination content involves these four parts in detail:

Auditing & Attestation (AUD) Business Environment & Concepts (BEC) Financial Accounting & Reporting (FAR) Regulation (REG) To become a CPA, one needs to pass all the four sections within an 18-month testing window. Each part of the Uniform examination is a 4-hour paper that covers different subsets of topics and concepts related to business and finance.  

The CPA exam is 100% computerized, and each part of the exam is arranged into test-lets. These testlets consist of several multiple-choice questions followed by many task-based simulations. There are also written communication test-lets in the exam.

One can choose to take four parts, one at a time or two at a time or even all four at once. That can be decided accordingly; you can sit for the exam at any of the Prometric centres and at any time during the first two months of every quarter.

ACCA

ACCA covers the following subjects at the knowledge and professional level:

Financial Reporting Cost and Management Accounting, Financial Management, Performance Management etc Auditing Taxation Law Ethics and other relevant theories As mentioned before there are 13 papers which are divided into Fundamental Level consisting of 9 papers and Professional Level consisting of 4 papers. Candidates can also apply to waive off part or all of the given papers but only at the Fundamental Level. You basically first have to give the four FIA (Foundation in Accounts) papers as an entry-level certificate and then proceed to giving the 13 ACCA papers.

The ACCA exam isn’t computerized although some papers might be computerized but not all. This particular examination is offered about four times in a year.

The ACCA exam is also computerized in India and during the pandemic there is remote proctoring.

Duration & Passing Criteria:

CPA USA

Usually, candidates need to pass the CPA USA examination within 12 to 18 months, but if you are highly committed and passionate about this, you can choose to take all the four parts of the exam in a single go which will indeed be a great achievement. In this case, the course would be completed within 3 to 6 months. The passing criteria for the CPA papers are 75%.

ACCA

Given that the number of papers in the ACCA course are a lot and also the fact that these exams are held only twice a year, candidates usually complete all the papers and become an ACCA member within almost 4 years which is definitely a long time when compared to CPA. The passing criteria for the ACCA papers are 50%.

Job Description:

CPA USA

The job of a CPA is related to finance and accounting service for the public. The designation of a CPA is highly respectable and Internationally recognized all over the globe. A CPA can work for large and small public accounting firms. A Certified Public Accountant is a trusted financial advisor who diligently helps various individuals, businesses, and other organizations to reach their financial goals. The CPA license is not required for corporate or private accountants, but it is necessary for public accountants who work either solo or for companies that provide accounting services to others.

CPAs specialize in many areas like:

Financial Analysis Internal Auditing Management Accounting Information Technology Auditing Tax accounting ACCA

There are multiple career options available for ACCA professionals too. An ACCA can work as a management consultant, financial planner and so on. Their work is related to the inspection of the accounting service of public and private entities. They usually also deal with international accounting standards. They need to have the certification before the inspection. Other than auditing, taxation, etc. ACCA can mark their presence globally across the field of finance, controlling, and financial analysis. ACCA India has no authority for signing, and hence he cannot mark his signature on audit reports. Similarly, he cannot set up his auditing firm as well. However, an ACCA India professional can carry out auditing jobs in the UK.

Key Differences between ACCA and CPA USA CPA USA ACCA CPA is organized by American Institute of CPA ACCA is organized by Association of Chartered Certified Accountants. Requires Master’s level of qualification for eligibility. Requires post-secondary level of qualification for eligibility. Can be completed in 18 months. Can be completed in 3 to 5 years. Passing criteria is 75% Passing criteria is 50% Feasible because it consists of 4 exam papers in total to be completed. Is complicated since it has about 13 exam papers to clear. It is an American accountancy diploma therefore is recognized internationally. It is a UK based study and is also equivalent to a UK Master’s degree. Why should one pursue ACCA? The ACCA certification prepares you for both financial and management roles; this will help you choose careers in different industries. ACCA is definitely recognized all over the globe, and since it is a UK based study, it might not be possible for an ACCA India to run its own auditing firm in India. But ACCA India professionals can carry out an auditing job in the UK successfully.

Though the exams are lengthy and there are a lot of papers for the ACCA qualification, exams can be attempted twice in a year with around 300+ locations to choose from around the globe which just makes it easier for the candidate to find the nearest exam location. One can appear for the exam right after completing their 10th, unlike CPA, ACCA doesn’t require graduation to be completed.

Why should one pursue the CPA? AICPA is an extremely prestigious body for Certified Public Accountants, and the Uniform CPA exam that is conducted by the AICPA is looked upon with high regards since it is the highest qualification that a CA (Chartered Accountant) can achieve. Therefore, CPA is a very prestigious credential. CPA receives the valid license that allows them to practice in the USA successfully. They also enjoy other advantages of getting to work with large organizations, public accounting departments, and also in various reputable American MNCs.

Earning a CPA license demonstrates a commitment to the profession and often shows potential candidates for management and leadership positions. The CPA is less confusing and feasible as compared to the ACCA, and this is computerized. CPAs are multi-talented professionals as they get to perform various specialized jobs like international financial reporting, tax advisory services, business and management, and also information technology.

CONCLUSION:

ACCA and CPA are both very well-recognized all around the globe. One has to choose between the two qualifications based on their individual study on various aspects like future plans, background, career interest, jurisdiction, country preference, and many more. The decision depends completely on the individual, but this article will help understand both the courses in every way which will help make a more informed decision. Requirements also might vary in different cases when it comes to one qualification or another and even state-wise.

Hope this article will be of help as it contains all the required basic information for both the courses ACCA and CPA. Despite this, if any more queries need to be dealt with, you may drop your comment below.

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Learn how to clear your CPA exams with extremely satisfying results by getting proper guidance and knowledge through our online courses and video tutorials taught by Industry Experts. We’re here to provide you with all the help that you need in order to ace your CPA, CMA exams. We are just a call away for any assistance. Simandhar Education is the leading training provider for the CPA Exam in India. Contact us@ 91 9390584166.

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In Christ Direct BBA Finance & Accountancy Admission

In Christ Direct BBA Finance & Accountancy Admission

The undergraduate programmes of the department are benchmarked with international professional bodies through a meticulous mapping of the curriculum and innovative evaluation patterns. Get In Christ Direct BBA Finance & Accountancy Admission for 2020 Session.

Contact TRUMP® Career Solution [AN ISO 9001:2015 certified Company].Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) || 9632226036 (Shekhar) Visit our website-http://www.trump.net.in/ or email us: contact@trump.net.in

Introduction

(Get In Christ Direct BBA Finance & Accountancy Admission for 2020 Session)

Established in the year 2002 as Centre for Career Advancement (CCA)and upgraded to Department of Professional Studies (DPS) in 2007. The Department offers some of the most unique and specialized programmes in the field of commerce and management.

Bachelor of Business Administration (Finance and Accountancy) –

Integrated with ACCA (Association of Chartered Certified Accountants has accorded 9 paper exemptions)

Bachelor of Commerce (Finance and Accountancy) – Facilitates CPT and IPCC of CA exam

Bachelor of Commerce (Professional) – Integrated with CIMA (Chartered Institute of Management Accountants has accorded 10 paper exemptions)

Bachelor of Commerce (International Finance) Syllabus mapped with CPA (first four semesters) and CFA Level 1(fifth and sixth semesters)

B Com (Morning Track)

Master of Business Administration (Leadership and Management)

Specialization in Education Management/ Corporate Social Responsibility/ Healthcare Management/Entrepreneurship

Master of Science (Strategic Management)

Also Read

Christ University Direct BA-LLB Management Quota Admission

Admission in Top 10 Law Colleges Delhi Directly

Direct Law Admission With Low CLAT Score

Top 5 Law Colleges Pune Direct Admission

Get In Christ Direct BBA Finance & Accountancy Admission for 2020 Session

Contact TRUMP® Career Solution [AN ISO 9001:2015 certified Company].Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) || 9632226036 (Shekhar) Visit our website-http://www.trump.net.in/ or email us: contact@trump.net.in

To know latest news of Coronavirus click on https://www.mohfw.gov.in/ for number of cases in India and also see Coronavirus India Live Updatesor contact us on the above given contact numbers

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中国留学生成长园 – How Changwei became a Senior Investment Consultant

Changwei studied MSc International Business at Queen Mary, and graduated in 2015. He is currently working as a Senior Investment Consultant at Zhongtai Securities Asset Management (Shanghai). We asked him to blog about how he got to where he is today, and his advice for fellow Queen Mary students and graduates. 

A little about the industry

To work in this industry, professional and efficient training mechanism for stocks, bonds, derivatives and quantitative model trading are needed. This is a highly competitive industry, especially now, as it has a lower acceptance rate for graduates, but it offers a better average salary across the financial industry. There are not enough Chinese brokers at present, presenting opportunities for determined and competitive applicants!

My experiences

I would like to shed some lights on two roles I have been involved in the past years. The first one is Securities and Fund Researcher. This role focuses on in-depth research in areas involving stocks, bonds or derivatives. It is an incubator for fund managers, and with professional research team guidance. For graduates, it’s better to focus on the area you are good at for researching. Strengthened communication with other researchers and listed companies in the same area will improve your research ability. Macro Analysts are suitable for consulting if you want to pursue a consulting career and stock capital management professional analysis is of different professional skills.

The other area is Wealth Management. These roles focus on research in each area including stocks, bonds, derivatives, and quantitative investment; looking for correlations and making reasonable asset allocation judgments based on the macro market. At the same time, this role will be acting as an investment consultant for high net-worth clients.

It tends to be customer-facing. While doing asset allocation research, you should always pay attention to service innovation and service attitude, which can effectively accumulate high-net-worth customer resources. This role offers small chances for graduates from macro management-learning courses, and prefers applicants with a strong financial background.

My advice for soon-to-be-graduates

There are front, middle, and back office roles in each industry, so select departments according to your strengths, and then use your strengths to get to where you want to go!

During the application process, stock-trading experience and programming skills will be prioritised. I strongly recommend CFA/FRM/CPA/ACCA. I learned each type of strategy force by myself in advance, and if you are studying accounting related courses, some of the ACCA tests will be exempted. Professional books are the best shortcut to improve yourself! I would like to welcome you to join my company. Here is the link to Zhongtai Securities Asset Management. Feel free to check through it and find any opportunities that suit you.

If you would like to pose any questions to Changwei, email us at careers@qmul.ac.uk and we will make sure to forward it on for you!

If you would like to find out more about how Careers can help you during the current Covid-19 situation, take a look at the new #AdaptToSucceed section of our website.

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ACCA Course Details: Everything You Need to Know in 2024

The Association of Chartered Certified Accountants (ACCA) qualification is a highly respected professional credential that prepares individuals for careers in accounting, auditing, finance, and business management. With global recognition, ACCA-certified professionals find employment opportunities across industries and regions, including the UK, Dubai, and beyond. This comprehensive guide will walk you through the course structure, eligibility, fees, and benefits of ACCA in 2024. Additionally, it will explore comparisons with other popular qualifications, such as CFA, salary prospects, and how pairing ACCA with an MBA can further boost career opportunities.

1. What is ACCA?

The ACCA qualification offers more than just technical accounting knowledge. It builds a combination of financial expertise, business acumen, and ethical values, equipping candidates with the skills needed to thrive in complex business environments. One of ACCA’s main attractions is the flexibility it provides—students can complete it at their own pace, balancing study with work.

ACCA is accepted by regulators, employers, and governments worldwide, opening career opportunities in sectors like banking, consulting, auditing, and financial services. The program also emphasizes practical experience, requiring candidates to complete at least 36 months of relevant work experience to become full members.

2. ACCA Course Structure

The ACCA qualification comprises 13 exams split across three levels: Applied Knowledge, Applied Skills, and Strategic Professional. Students also need to complete an Ethics and Professional Skills module to improve their ethical decision-making and business communication skills.

2.1 Applied Knowledge Level

These introductory papers build a foundation in accounting and business principles:

Business and Technology (BT)

Management Accounting (MA)

Financial Accounting (FA)

2.2 Applied Skills Level

At this level, students explore advanced concepts across accounting and finance:

Corporate and Business Law (LW)

Performance Management (PM)

Taxation (TX)

Financial Reporting (FR)

Audit and Assurance (AA)

Financial Management (FM)

2.3 Strategic Professional Level

This level develops strategic decision-making and leadership abilities:

Strategic Business Leader (SBL)

Strategic Business Reporting (SBR)

Students must also choose two out of four optional papers:

Advanced Financial Management (AFM)

Advanced Performance Management (APM)

Advanced Taxation (ATX)

Advanced Audit and Assurance (AAA)

The structure allows students to develop both technical knowledge and real-world problem-solving skills, preparing them for high-level roles.

3. ACCA Eligibility Criteria in 2024

The ACCA program is accessible to individuals from diverse academic backgrounds, with multiple entry routes available:

Direct Entry (After High School):

Minimum 65% marks in Mathematics or Accounts and English.

At least 50% in other subjects.

Graduate Entry:

A bachelor’s degree in commerce or related fields may exempt students from some of the Applied Knowledge or Skills-level exams.

Foundation in Accountancy (FIA):

Candidates who do not meet the minimum requirements can pursue this foundation course, which serves as a pathway into the main ACCA program.

Professional Route:

Holders of professional qualifications such as CA or MBA may also receive exemptions.

4. ACCA Registration Fees and Exam Costs

The total cost of pursuing ACCA varies depending on the number of exemptions, exam attempts, and registration requirements. Here’s an estimated breakdown of fees for 2024:

Registration Fee: ~£89

Annual Subscription Fee: ~£122

Exam Fees:

Applied Knowledge: £100 per paper

Applied Skills: £125 to £145 per paper

Strategic Professional: £185 per paper

Additional costs might include study materials, coaching classes, and rescheduling fees. Planning for these expenses is essential to ensure smooth progression through the qualification.

5. ACCA Salary Prospects in the UK and Dubai

Completing ACCA provides access to well-paying jobs in various financial hubs worldwide. Let's explore the salary expectations for 2024:

5.1 ACCA Salary in the UK

Entry-level: £30,000 to £35,000 annually.

Mid-level roles (3–5 years of experience): £45,000 to £60,000 annually.

Senior positions (Finance Manager or Director): £70,000 to £100,000 or more.

5.2 ACCA Salary in Dubai

Entry-level: AED 7,000 to AED 10,000 per month.

Mid-level roles: AED 15,000 to AED 20,000 per month.

Senior roles (Finance Manager or CFO): AED 30,000 or higher.

Salaries in both regions reflect the value ACCA members bring, and professionals often enjoy additional perks such as bonuses, healthcare benefits, and relocation allowances.

6. CFA vs ACCA: Which Qualification Should You Choose?

Both CFA (Chartered Financial Analyst) and ACCA are highly respected in the finance world, but they cater to different career paths:

ACCA:

Ideal for those pursuing careers in accounting, auditing, and corporate finance.

Offers flexibility in career choices, from financial management to taxation and auditing.

Requires practical work experience for membership.

CFA:

Focuses on investment management, financial analysis, and portfolio management.

Designed for professionals in the investment and banking sectors.

Requires passing three levels of exams and gaining relevant work experience.

Ultimately, the choice between CFA vs ACCA depends on your career goals. ACCA suits those interested in broader finance roles, while CFA is more focused on investment and financial markets.

7. Benefits of Combining ACCA with an MBA

An MBA complements ACCA by enhancing leadership, business strategy, and managerial skills. Many universities offer accelerated MBA programs to ACCA-qualified professionals, allowing them to fast-track their business education.

Why Combine ACCA with an MBA?

Enhanced Career Prospects: Opens doors to C-suite roles such as CFO.

Broader Skill Set: Blends financial expertise with business management skills.

Networking Opportunities: MBA programs offer exposure to global business networks.

This combination is particularly beneficial for professionals aspiring to take on leadership roles that require both financial acumen and managerial capabilities.

8. Practical Experience Requirements

To become a fully qualified ACCA member, candidates must complete a minimum of 36 months of relevant work experience. This practical experience ensures that candidates apply the knowledge gained from their exams in real-world situations. Employers value this aspect of ACCA because it produces professionals who are job-ready from day one.

9. Career Opportunities with ACCA in 2024

The demand for ACCA professionals remains strong in 2024 across industries like banking, consulting, auditing, and corporate finance. Some common roles for ACCA members include:

Financial Analyst

Internal Auditor

Tax Consultant

Chief Financial Officer (CFO)

Finance Manager

Given ACCA’s global recognition, professionals can easily work abroad or transition between industries, adding further flexibility to their careers.

10. Conclusion

The ACCA qualification continues to be a top choice for aspiring finance and accounting professionals in 2024. Its comprehensive course structure, focus on practical experience, and global recognition make it an excellent pathway for those seeking a rewarding career. With competitive salaries in the UK and Dubai, flexibility to pursue dual qualifications like an MBA, and opportunities across diverse industries, ACCA is a powerful credential for building a successful career.

Whether you are assessing the registration fees, exploring the eligibility requirements, or comparing CFA vs ACCA, the ACCA program provides the tools and knowledge necessary to thrive in today’s dynamic financial environment. If you are ready to embark on this journey, ACCA offers a clear path to achieving your professional goals.

[isfsschool-blog]

                     Becoming a CMA - ISFS College 

Obtaining the CMA certification shows not only a high level of competence in management accounting, but also a Strong commitment to continuous improvement and high ethical standards. Many leading international companies consider the CMA certification as the ultimate mark of excellence. The CMA certification leads to faster career advancement. Salary surveys have shown that a certified professional will earn nearly $500,000 more than a non-certified professional over the course of a career.

Top MNCs in India require advanced accounting professionals in long run and thus, CMA training helps you to fit their requirements. Check out your eligibility below and take your first step to your career.

Eligibility

: To sit for the CMA exam, the candidate must meet or is expected to meet one of the following:

Education

Bachelor’s degree from an accredited College or University.

If Bachelor’s degree is not available or the experience, you can sit for the exams and fulfill the educational and experience requirements within 7 years.

Institute of Cost Accountants of India (ICAI)

IMA has an active Mutual Recognition Agreement with the Institute of Cost Accountants of India (ICAI)

.Upon payment of the annual IMA membership fee and the one-time CMA entrance fee, ICAI’s certified members may waive both parts of the CMA exam.CMAs interested in obtaining the ICAI credential may waive the ICAI exam. ACCA  course (Association of Chartered Certified Accountants) ACCA’s fully certified members are automatically recognized as having met the education requirement for entrance to the CMA program ACCA members must complete and pass both parts of the CMA Exam.CMAs are eligible for exemptions of 7 of the Fundamentals level examinations in the ACCA Qualification. Experience Two continuous years of professional experience in management accounting and / or financial management.This requirement may be completed prior to or within 7 years of passing the examination.Continuous part-time positions of 20 hours per week (at a rate of one year of experience for every two years of part-time employment)

For more information about the acca course, cima course, ca course, CFA course etc, visit: www.isfs.edu.in. or call us: 9949222244.

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BBA Finance & Accountancy Direct Admission in Christ

BBA Finance & Accountancy Direct Admission in Christ

The department offers some of the most unique and specialized programmes in the field of commerce and management. The Department also supports the M Sc Actuarial Science programme for the Department of Mathematics and Statistics. Get BBA Finance & Accountancy Direct Admission in Christ for 2020 Session.

Contact TRUMP® Career Solution [AN ISO 9001:2015 certified Company].Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) || 9632226036 (Shekhar) Visit our website-http://www.trump.net.in/ or email us: contact@trump.net.in

Introduction

(Get BBA Finance & Accountancy Direct Admission in Christ for 2020 Session)

Established in the year 2002 as Centre for Career Advancement (CCA)and upgraded to Department of Professional Studies (DPS) in 2007. The Department offers some of the most unique and specialized programmes in the field of commerce and management.

Bachelor of Business Administration (Finance and Accountancy) –

Integrated with ACCA (Association of Chartered Certified Accountants has accorded 9 paper exemptions)

Bachelor of Commerce (Finance and Accountancy) – Facilitates CPT and IPCC of CA exam

Bachelor of Commerce (Professional) – Integrated with CIMA (Chartered Institute of Management Accountants has accorded 10 paper exemptions)

Bachelor of Commerce (International Finance) Syllabus mapped with CPA (first four semesters) and CFA Level 1(fifth and sixth semesters)

B Com (Morning Track)

Master of Business Administration (Leadership and Management)

specialization in Education Management/ Corporate Social Responsibility/ Healthcare Management/Entrepreneurship

Master of Science (Strategic Management)

Also Read

Christ University Direct BA-LLB Management Quota Admission

Admission in Top 10 Law Colleges Delhi Directly

Direct Law Admission With Low CLAT Score

Top 5 Law Colleges Pune Direct Admission

Get BBA Finance & Accountancy Direct Admission in Christ for 2020 Session

Contact TRUMP® Career Solution [AN ISO 9001:2015 certified Company].Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) || 9632226036 (Shekhar) Visit our website-http://www.trump.net.in/ or email us: contact@trump.net.in

To know latest news of Coronavirus click on https://www.mohfw.gov.in/ for number of cases in India and also see Coronavirus India Live Updatesor contact us on the above given contact numbers

[annubs-tcs]

Christ Direct BBA Finance & Accountancy Admission

Christ Direct BBA Finance & Accountancy Admission

The Department of Professional Studies was established in the year 2002 as Centre for Career Advancement (CCA), and later upgraded to Department of Professional Studies in 2007.The department offers some of the most unique and specialized programmes in the field of commerce and management. The Department also supports the M Sc Actuarial Science programme for the Department of Mathematics and Statistics. Get Christ Direct BBA Finance & Accountancy Admission for 2020 Session.

Contact TRUMP® Career Solution [AN ISO 9001:2015 certified Company].Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) || 9632226036 (Shekhar) Visit our website-http://www.trump.net.in/ or email us: contact@trump.net.in

Introduction

(Get Christ Direct BBA Finance & Accountancy Admission for 2020 Session)

Established in the year 2002 as Centre for Career Advancement (CCA)and upgraded to Department of Professional Studies (DPS) in 2007. The Department offers some of the most unique and specialized programmes in the field of commerce and management.

Bachelor of Business Administration (Finance and Accountancy) –

Integrated with ACCA (Association of Chartered Certified Accountants has accorded 9 paper exemptions)

Bachelor of Commerce (Finance and Accountancy) – Facilitates CPT and IPCC of CA exam

Bachelor of Commerce (Professional) – Integrated with CIMA (Chartered Institute of Management Accountants has accorded 10 paper exemptions)

Bachelor of Commerce (International Finance) Syllabus mapped with CPA (first four semesters) and CFA Level 1(fifth and sixth semesters)

B Com (Morning Track)

Master of Business Administration (Leadership and Management)

specialization in Education Management/ Corporate Social Responsibility/ Healthcare Management/Entrepreneurship

Master of Science (Strategic Management)

Also Read

Christ University Direct BA-LLB Management Quota Admission

Admission in Top 10 Law Colleges Delhi Directly

Direct Law Admission With Low CLAT Score

Top 5 Law Colleges Pune Direct Admission

Get Christ Direct BBA Finance & Accountancy Admission for 2020 Session

Contact TRUMP® Career Solution [AN ISO 9001:2015 certified Company].Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) || 9632226036 (Shekhar) Visit our website-http://www.trump.net.in/ or email us: contact@trump.net.in

To know latest news of Coronavirus click on https://www.mohfw.gov.in/ for number of cases in India and also see Coronavirus India Live Updatesor contact us on the above given contact numbers

[annubs-tcs]

BCom Finance and Accountancy Direct Admission in Christ

BCom Finance and Accountancy Direct Admission in Christ

Established in the year 2002 as Centre for Career Advancement (CCA)and upgraded to Department of Professional Studies (DPS) in 2007. The Department offers some of the most unique and specialized programmes in the field of commerce and management. Get BCom Finance and Accountancy Direct Admission in Christ for 2020 Session.

Contact TRUMP® Career Solution [AN ISO 9001:2015 certified Company].Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) || 9632226036 (Shekhar) Visit our website-http://www.trump.net.in/ or email us: contact@trump.net.in

Introduction

(Get BCom Finance and Accountancy Direct Admission in Christ for 2020 Session)

Established in the year 2002 as Centre for Career Advancement (CCA)and upgraded to Department of Professional Studies (DPS) in 2007. The Department offers some of the most unique and specialized programmes in the field of commerce and management.

Bachelor of Business Administration (Finance and Accountancy) –

Integrated with ACCA (Association of Chartered Certified Accountants has accorded 9 paper exemptions)

Bachelor of Commerce (Finance and Accountancy) – Facilitates CPT and IPCC of CA exam

Bachelor of Commerce (Professional) – Integrated with CIMA (Chartered Institute of Management Accountants has accorded 10 paper exemptions)

Bachelor of Commerce (International Finance) Syllabus mapped with CPA (first four semesters) and CFA Level 1(fifth and sixth semesters)

B Com (Morning Track)

Master of Business Administration (Leadership and Management)

specialization in Education Management/ Corporate Social Responsibility/ Healthcare Management/Entrepreneurship

Master of Science (Strategic Management)

Also Read

Christ University Direct BA-LLB Management Quota Admission

Admission in Top 10 Law Colleges Delhi Directly

Direct Law Admission With Low CLAT Score

Top 5 Law Colleges Pune Direct Admission

Get BCom Finance and Accountancy Direct Admission in Christ for 2020 Session

Contact TRUMP® Career Solution [AN ISO 9001:2015 certified Company].Call @ 9742479101 (Ankit Mishra) || 9742886036 (Anis) || 9035556036 (Mayur Gautam) || 9632226036 (Shekhar) Visit our website-http://www.trump.net.in/ or email us: contact@trump.net.in

To know latest news of Coronavirus click on https://www.mohfw.gov.in/ for number of cases in India and also see Coronavirus India Live Updatesor contact us on the above given contact numbers