You found the fascinating professional degree known as ACCA. You researched the topic while seated in front of your laptop and spoke with those who are pursuing or have previously completed it. They give a favorable response. This certificate just appears to meet your professional ambitions with its widespread recognition, flexibility, engaging curriculum, and wide range of job prospects.
You can achieve a successful financial profession by taking the ACCA course. You could have doubts or concerns about this certification. You may have even heard that it is inappropriate for a number of reasons. Below, we refute five ACCA fallacies to clear the air. We also discussed how this degree might open up a lot of lucrative prospects for your child.
Myth 1: The ACCA Is Expensive
To be clear, money spent on any qualification is an investment rather than an expense. Prospects are negligible in relation to the ACCA fees’ original investment. Learning something new and mastering it will always benefit you if you put in the necessary time and effort. This indicates that there is a one-year payback period and infinite returns in terms of professional development and prospects.
Myth 2: Only professionals wanting to relocate abroad should pursue ACCA certification.
This myth is paradoxically both true and untrue. The international standard for accounting excellence is ACCA accreditation. Yes, an ACCA accountant would not need to renew for certification in order to obtain employment anywhere on the globe. The US, UK, Australia, and Singapore are among the nations that favor ACCA-certified accountants. You are, nevertheless, just as employable in Pakistan. Numerous international businesses and multinational firms have established offices here in our country. Even the Big Four accounting firms—KPMG, PWC, Deloitte, and E&Y—have offices around the nation.
Myth 3: The ACCA is a tough exam.
Thousands of students in Pakistan take ACCA following their 12th grade to turn into the most sought-after business management and finance experts. Over 50% of people worldwide pass these tests. This is due to the fact that the tests are administered online via applications, emphasizing conceptual knowledge and comprehension over memorization and delivery. Additionally, the ability to choose how many papers to appear in based on preparation and the tests’ four exam sessions per year allow candidates to devote all of their attention to the paper they plan to write.
Myth 4: ACCA is only Accessible to Graduate Students
The ACCA program is open to students who have completed their exams for the tenth or twelfth year. As long as they have an average of 50% in the remaining disciplines and 65% in math and English. If they don’t fit the requirements, students can enroll in the foundation course at the entrance level to be eligible for the main program. With careful planning and strategic card playing, your chances of graduating with the ACCA certification are very good. Consider the time that was spared.
Myth 5: Taking ACCA after CA is not beneficial
Having completed CA, you will undoubtedly have an edge with ACCA since it opens up a world of professional options in senior positions worldwide. With ACCA, you will acquire the analytical financial skills and creative thinking needed for leadership and strategic roles in a variety of global operations. It equips you to handle the shifting demands of the world’s major wage employers.
We can help you get started if you’ve decided to enroll in this course and are thinking about your next move. For courses like ACCA, CMA (USA), and CA.
Avoid letting these fallacies prevent you from attaining your objective. To prevent missing out on the tremendous employment chances that the ACCA course offers to aspirant finance students and professionals, spend adequate time conducting research and speaking with peers and seniors before making a decision.