Global professional accounting body, the Association of Chartered Certified Accountants formed in 1904, offers the Chartered Certified Accountant qualification. ACCA qualification builds a strong base to develop a global career in Accounts and Finance. The international organization is fast growing with 2,00,000 members and 4,86,000 students in 180 countries. The ACCA qualification settles your career in the roles of Management Accountant, Finance Manager, Financial or Business Analyst, Financial Consultant, Management Consultant, Financial Planner, etc. The paper exemption and the examination scheme, make ACCA more attractive even after your Graduation.
Even after post-graduation, students need to do more certification courses to get a good job due to less opportunity, competition, acceptance, poor scope, and many other reasons. MBA, M.Com are the most demanding courses nowadays.
MBA/ M.Com along with ACCA
Focusing on business administration and management, the Master of Business Administration, MBA qualification sets an excellent business leader in you. An MBA specialization in finance brings the career opportunities of Financial Manager/Analyst, Credit Analyst, Accounting Manager, Risk and Insurance Manager, Treasurer, Finance Manager, Cash Manager, etc.
Combining ACCA and MBA creates a unique ability to manage accounts, people, and organizations across the world. The ACCA requires a minimum of 4 years to complete the course, while 2 years for MBA. Both need a minimum of 6 years to complete the course. And the notable thing is that an MBA along with ACCA can be completed within 2 years. By having a common syllabus for an average of 9 papers, it is preferably easy to crack the papers.
Paper Exemption & Reverse Exemption
ACCA along with post-graduation courses provides the advantage of paper exemption and reverse exemption. ACCA along with MBA or M.Com gives the highest number of exemption, 9 paper exemption in the Knowledge and Skills Module.
If you are an ACCA student, you will get an advantage of the reverse exemption. If you complete a certain number of papers, then you don’t need to write it in the papers again. For instance, if you completed 5 out of the first 9 papers in ACCA, you don't need to write the remaining 4 papers. You will get an exemption for these 4 papers by paying the exemption fee.
Attaining global recognition along with your post-graduation makes you job-ready for the market. The key fields after the course are investment banking, management, and consulting, and technical areas such as Audit and Assurance, Corporate Reporting, Financial Management.