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Key Factors to choose the best ACCA Learning Provider

When you scroll through the list of Approved Learning Providers on ACCA’s website and come across the never-ending names, your immediate reaction is how do I choose the one – the one which would be the best for me. If you are one of those, you have come to the right place. In this article, I am going to discuss the important factors which one must keep in mind while choosing the Approved Learning Provider for themselves. Read on!

1.      Research and Analyse the Institute

Online research will definitely help you find a list of ACCA Learning Providers who provide online or face-to-face or blended classes in your place or other location where you wish to pursue your ACCA coaching. After your initial analysis, shortlist some of the leading institutes you consider and do further assessment to find out the best one. Remember, now-a-days most of the institutes have marketing wings to promote their institution. So, don t get confused or misguided by reading the internet.

2.      Screen the Track Records of the Institute

While choosing the learning provider for your ACCA Knowledge / Skills / Professional level, analyse the track records of the learning provider and ascertain that the learning provider where you intend to pursue the coaching has a good track record. The number of candidates joining the institutes and those who have cleared the ACCA exam matters the most while evaluating the quality of training of the learning provider. If your analysis shows that the learning provider has a good pass percentage, it indicates that it is suitable to consider. The higher the pass percentage, the more preferable it is.

3.      Enquire and Verify the Institute Credibility

Call up the institute, talk to the person concerned and clear your doubts. Make sure that the learning provider renders all the services, quality, suitability and functioning mentioned on their website. It would be better if you could find out students of the previous batches who have undergone training in your shortlisted institutes and ask their opinion about the institute.

4.      Course Completion

Timely completion of the coaching is necessary to get ample time for your self-preparation. The common trend we see today is that the learning providers continue their classes even in the last week before the exam. This might adversely affect your studies. So, make sure that the learning provider you choose will complete their course in time prior to the exam so that you get enough time for the revision and self-preparation. Therefore, it is always advisable to choose the best ACCA learning provider which completes the training in a timely manner.

5.      Study Materials, Aids & Amenities

Try to get a set of study materials from the seniors or those who study with the learning provider and determine the effectiveness of the content for your own. Make sure that the study materials are periodically updated and include model questions and answers. Also, analyse the teaching aids and facilities provided by the institute for your intensive ACCA preparation. Make sure that the learning provider provides internet facility and is equipped with a well-managed resource gallery which has a good collection of reference books, journals and magazines related to accountancy, taxation, auditing, business management, finance and so on.

6.      Infrastructure

If the learning provider is delivering face-to-face classes, make sure that the infrastructure is adequate and supports effective learning. If the classes are going to be digital, take information about the mode of learning – whether live or recorded, and make sure it suits your schedule.

7.      Experienced Faculty

The faculty team of the learning provider is a decisive factor while choosing the best ACCA coaching institute. Check whether your institute faculty has long years of experience as an ACCA or other professional qualification or training students in ACCA. By contacting a former or currently pursuing student of the learning provider, you can ascertain the quality of their teaching, teaching methodology and strategies.

8.      Proper Guidance

Every student works hard to clear his exam but hard work is not enough until you are following a correct pattern or correct strategy. Teachers play a very important role in giving you a successful life. If your learning provider is giving you the correct guidance and you are following his philosophies properly, then you will never have to face failures in life. Even if you do, the teacher will make you learn from it and push you to strive for success.

9.      Demo Class by the Institute

A good number of coaching institutes nowadays offer demo/ trial classes to students. Getting a demo class will help to make an independent assessment of the quality of training. Select a subject and convenient time and ask for them to give a trial class so that they cannot plan to influence you with some other lecture by their best trainer.

10. Soft Skill Development Training

A professional accountant is supposed to have good personality, effective communication skills, managing ability and soft skill. Note that a good institute provides proper training in personality development and help you with stress management, confidence building, language proficiency and more. Learning providers which impart quality training will definitely assign outside faculty or subject matter experts to provide these services along with interview preparation training and mock tests.

11. Fee Structure of the Coaching Institute

It is highly recommended to compare the fees structures of the preferred institutes and find the best one. Don t rush into the discount offered by the institutes. Analyse the normal fees for the course and determine the best institute focusing on the quality of the training provided by the institute. Since it is not possible to discontinue the course during a session, take a wise decision.

Therefore, we can conclude that, while making a decision on a learning provider, you should verify that they are equipped with qualified and experienced trainers, compatible learning environment, updated learning materials, library and internet facilities, mock tests and interviews and quality infrastructure.

Author: CA Anushka Jain, ACCA Affiliate, VG Learning Destination ACCA student

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How hard is it to clear CPA relative to CA

Most difficult part of the CA exams is the levels involved in these exams. The CA exams have 3 stages

1) Foundation: This level includes 4 papers

2) CA Inter: This level includes 8 subjects which are divided into 2 groups. To clear these groups , a minimum score of  50% is required in aggregate in addition to getting a minimum score 40% in each of the individual subjects. Most of the students are not able to achieve the aggregate score of 50 %.

3) CA Final: The toughest of all levels, this level also includes 8 subjects which are divided into 2 groups. To clear these groups, a minimum score of  50% is required in aggregate in addition to getting a minimum score 40% in each of the individual subjects.

The complex structure and the vast coverage make these exams really difficult to crack.

Though Indian CA is the most reputable and honourable achievement for any individual, CPA is the highest accounting qualification of US. Students who find CA challenging can look for alternative options in field of accounting like US CPA.

The CPA exams are multiple choice based exams where answers are present right in front of the students. There are three things to the US CPA exams

1) Understanding of the concept

2) Application of the concept and

3) Time management

Understanding of the concept comes from the Becker books and videos that form a part of the package that is provided by Vinod Gupta Learning Destination (VGLD) and the online classes provided by the Grant Thornton (GT) faculty on every Saturday and Sunday. It is advisable to attend the online live lectures as it can help to clarify the doubts in the class itself.

Application of the concept:

This is a very important part of CPA exam preparation. There can be a possibility that one feels his/her understanding of the concept is very good but does that does not necessarily mean they can apply the concept well to the questions. This can be achieved through the online test bank. The online test bank has questions for each topic,  both Mcqs as well as Simulations. It is advisable to practice a few questions after going through the concept videos / books. This helps in assessing how well you have grasped the concept. As the multiple choice questions have 4 answer options, each question can be considered as equivalent to 4 questions, one for the correct answer option and 3 for the incorrect answer options. It is very important to understand the reason not just for the correct answer option but more importantly for the incorrect answer option. This is because the testing on the CPA exams is really hard.

Time Management:

Time Management is of utmost important as once the paper times out once the exam time is over. The online test bank can be used not only for improving the concept clarity but also for time management. Initially the time taken is not of much importance as that is the time to focus on concept clarity. However, gradually one should start keeping an eye on the time taken. As 50% of the paper is mcq based and remaining 50% Simulation (case study) based, it is important to ensure that ample time is left to crack the simulations. On the Becker’s test bank offered by VGLD, you can take tests to improve your timings. Also two full 4 hour tests are available for each subject. Once preparation for a subject is complete, one must attempt these test as they give a hands on experience about the challenges that you can face on the examination day. Also, it can help you assess the weak areas in terms of preparations so that preparation level can be improved by focusing on weak topics. Apart from that, the online test bank also keeps track of the performance levels and you can mark question that you might wish to revisit.

If these things are taken care, it bcoes mush easier to achiee your goal of being a CPA. As CPA exams have no levels, If you clear one paper, you get 18 months’ time to clear the remaining papers which is a reasonable time to clear all four papers. As exams are now in India, the CPA goal becomes even more achievable

VGLD offers complete game plan assistance for the benefit of the candidates to assist them not just in preparation but also other aspects related to the CPA program.

Please contact VGLD at www.vglearningdestination.com!

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Career Choice after 12th Commerce

With the CBSE just announced the Class 12th results, a lot of students like you with Commerce background are looking for Career Guidance for Courses after 12th Commerce stream.

I myself did my 12th in Commerce and can very well relate to your present uncertainty and ambiguity in mind.

Everywhere you must be heading, you would be asked the same question, “So what next….?”

Some students are very clear of what they want to pursue as a Career choice- by grace of God they have been able to secure the marks for it too and are kind of sorted.

But, where majority of the students lie is with ambiguity about what should they choose after Class 12th and what options are actually available based on their marks in Class 12!!!!

I’m writing this article to help students like you to be able to make the right career choice…

“AMBITION is the first step to success, second is ACTION!!!”

So, as a Commerce student, you need to evaluate what is your ambition, what excites you as a person, where do you see yourself in 10 years from now?

Choose your AMBITION wisely, then take ACTION to materialise your ambition!

It’s a well-known fact that if we choose a career that matches our aptitude and our ability, we have already taken the first right step!

So how to make the right choice?

How to find out what excites you?

The best way to do so is to do a lot of HOMEWORK- do good amount of research and then decide where to head!!!

Just to help you, I have collated a few career options that you can look into!

1.   B.Com ( Bachelor of Commerce)

Most Commerce students want to pursue this course simply because of the high value this qualification holds when done from a reputed University/college.

Under BCom, there are three most popular courses, namely BCom or BCom-General, BCom (Honours) and BCom LLB. The BCom or BCom-General is also referred to as BCom-Pass by many universities.

In the BCom course, candidates are taught core subjects related to commerce and finance. In the three-year duration, the candidates are given options to choose from a few elective subjects too. The programme is usually spread over six semesters during which the student is taught topics like financial accounting, corporate tax, economics, company law, auditing, business management, etc.

 The course also opens up the avenue to go in for further higher courses like M.B.A( Master of Business Administration) and/or other Vocational courses.

Many Universities offer this course and getting an entry depends on you being shortlisted by the college. It is generally a 3 year program.

 

 

2.   B.B.A  (Bachelor of Business Administration)

It is a 3 years long Degree course offered by many Private colleges.

BBA can be pursued in full-time as well as correspondence mode. There are various BBA specializations one can choose from like Human Resource Management, Finance, Sales & Marketing and Information Technology.

The worth of the Qualification again depends upon from where the course has been done. Post completion, one may also follow it up with an M.B.A. (Master of Business Administration) Degree too!

 

3.   B.M.S.( Bachelor of Management Science)

It is a 3 year long degree course  involving an advanced study of the management practices used in business/corporate firms, as also basic concepts in human resource education, such as employee retention, labor relations, and similar problem solving.

 

The program is spread over 6 semesters, lasting over 6 months each, and as for minimum eligibility, aspiring candidates need to attain the Higher Secondary (10+2) qualification with a minimum aggregate score of 50%, for applying to the course.

 

Admission to the course is offered on the basis of the candidate’s performance in a relevant entrance test.

 

Successful graduates of the course in the country can explore lucrative employment opportunities in leading public and private sector organizations as Bankers, Budget Planners, Quality Specialists.

 

 

4.   LAW

 Traditionally only Graduates were allowed to pursue L.L.B. But, now some colleges are offering a 5 Year Integrated Law course coupled with other Qualifications for Law to be taken up by student’s right after 12th standard.

These Integrated courses are combination of a Degree course and traditional L.L.B. course. For example- B.Com.& L.L.B./ B.A.& L.L.B. etc.

 There are many job opportunities after taking up Law beginning from job in any law firm at or to start up on one’s own private practice, start a consulting firm or even start an own law firm!

 

5.   CHARTERED ACCOUNTANT( C.A)

 

C.A. stands for Chartered Accountant, one of the most reputed courses in India. 

To become a C.A., one has to successfully complete CA Exams along with Internship required under the ICAI (Institute of Chartered Accountants of India).

 12th Commerce pass students may start off by applying for CPT (Common Proficiency Test) conducted by ICAI.

 Studying involved in becoming C.A. is tough. It does require a lot of perseverance from the student. But at the same time, the career prospects are plenty!

 After becoming a C.A, job opportunities open up in Finance departments in Private companies as well as Government Enterprises or even start working independently, offering consultation services as well as operating as a private auditor who may be hired by companies and businesses!

                                                                          

6.   CMA( Cost Management Accounting)

 

At present ICWA course has been renamed to CMA which stands for Cost Management Accounting. This course provides you an in-depth knowledge to manage business within the available resources. As a cost accountant, you have to collect and analyze the financial information from all the areas of a company.

 

This course comprises of three stages, i.e. CMA Foundation, CMA Intermediate and CMA Final. You can pursue this course through correspondence or through online from an accredited university.

 

7.   C.S. (COMPANY SECRETARY) COURSE

 For Statutory Compliance, a company secretary is needed! And to become a C.S., one has to appear for Company Secretary Course run by ICSI (Institute of Company Secretaries of India) The ICSI provides training and education to lakhs of aspiring Company Secretaries.

In case of 12th Commerce passed students, to get selected for the C.S. course offered by ICSI, they must go through a 3 stage program. The three programs are- 

Foundation Program

Executive Program

Professional Program

 

Talking about job opportunities, without any doubt, private sector provides plethora of job opportunities under Compliance department.

INTERNATIONAL QUALIFICATIONS

 

With the present GLOBAL opportunities available to students, it would be incomplete if I don’t talk about International Qualifications which are now available in India !!!

 

 

1. CPA US (Certified Public Accountants)

 

Just like Chartered Accountants (CA’s) are granted a license to practice the profession of Accountancy & Taxation in India, similarly Certified Public Accountants (CPA) are granted the license to practice in US. In some countries, these qualified accountants are called Chartered Accountants (CA’s) and in some countries these are called as Certified Public Accountants.

This Accounting qualification is called Certified Public Accountant in the US and to become a CPA, a Candidate is required to fulfil the 3E’s i.e.

 

1.       Education

2.       Examination

3.       Experience

 

To become a Certified Public Accountant, a candidate has to successfully clear all the exams conducted by the American Institute of Certified Public Accountants (AICPA). This is a uniform exam conducted by the AICPA and is the same across all the 55 states in the US.

 

However, the eligibility requirement and the experience required to become a Certified Public Accountant varies from state to state and different states have mandated different eligibility requirements as determined by their respective state boards of accountant and is only valid in US.

 

2. CPA Canada

Similar to the states in the US, Canada has provinces, and each province has its own regional accounting body. Canada has taken a bold move by merging its accounting qualifications (CA, CMA and CGA) into one big “CPA “designation. The process has been completed with much success.

In order to get started, candidates should follow the rules applicable to their status.

Prerequisite for CPA PEP( Professional Education Program)

·         Complete a bachelor degree in relevant concentration, e.g. B.Comm with an accounting major

·         Complete the prerequisite learning defined in The CPA Competency Map

·         Complete at least 120 credit hours or equivalent of education

However, like CPA US, CPA Canada is also Province wise and is valid only in Canada !!!

3.   CIMA(Chartered Institute of Management Accountants)

Just like CMA in India, CIMA is an International professional body of management accountants based in UK.

CIMA is a management accounting qualification which focuses more on costing, finance accounting, and strategic business skills it is an international qualification in many countries.

CIMA focuses on the overall success which includes Corporate Strategy, financial management, organizational management, etc.

However, CIMA can be an add on and might help if you are working with a British company in area of Accounting or Controlling. Otherwise investing time in CIMA first without pursuing any Indian Qualifications will not help much.

 

4.   ACCA (ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS)

ACCA (Association of Chartered Certified Accountants) is a UK Based Accountancy body which is recognised in 181 countries.

It is the global body for Professional Accountants.

In layman’s language, it is called a GLOBAL CA!

It boasts of a Global Reputation which is more than 100 years old and spread across 181 countries across the globe with over 7,110 approved employers across the globe.

What’s particularly interesting about the qualification is that it gives the students complete flexibility.

The first 4 papers are On –Demand CBEs which means the students can appear for these exams anytime they are prepared for the same by just booking at a licensed CBE Centre for the same.

The next 5 papers are Session CBE’s , happening 4 times a year with complete flexibility to choose from between 1 paper to a maximum of 4 in a single attempt !

Unlike CA, there is no aggregation, no grouping in ACCA and that’s particularly the reason why it boasts of an overall higher pass percentage.

Students can pursue ACCA after 12th but there is certain prerequisite about 12th qualification which are as follows:

In Accounts or Maths you must have 65% and in English you must have at least 50%.

There are 3 levels in ACCA:

1.       Applied Knowledge level

2.       Applied Skills level

3.       Strategic Professional level

If you don t meet the above criteria don t panic you can apply to ACCA through FIA Route and for this you must have 60% in maths and English and 50% in other subject.

What is unique about this Qualification is that it is a very progressive Qualification making students “Job Ready”

Talking about job opportunities, with the Global opportunities that the Qualification provides with big names like KPMG, Deloitte, PWC, EY,GT etc …. It sure is a winner of a Qualification that will give you the wings to fly in both India and abroad!!!

Hope this helps!!!

I wish you good luck in making your career choice after 12th!!!

Remember, “PASSION is the difference between having a career or having a job”!!!

 

Thanks

Shilpi Jain

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ACCA After CA: Become a GLOBAL CA !!!

Chartered Accountant (CA) is one of those flagship qualifications that are very difficult to clear. It is like a dream for many students who work hard and sacrifice many years in order to become a CA.

After qualifying the Chartered Accountancy, you become eligible to hold the most prestigious positions in Big 4 and top multinational firms.

Although passing the ICAI s CA exam lands you in the most respected profiles in India but when it comes to recognition and opportunities on a global level, Chartered Accountancy has extremely limited career possibilities.

So if you are looking for global opportunities and eventually want to settle abroad then you need to step up your game.

ACCA or "Association of Chartered Certified Accountants" is a UK based global accounting body that is globally recognized (183 countries) and is valued at par as the ICAI s local qualification in India.

Being a CA, if you are seeking better career opportunities outside of India or looking to bridge your existing knowledge of IndAS then you must look into ACCA as a comprehensive qualification based on IFRS.

With the implementation of IndAS’s in India, most of the international firms require an accountant with proper knowledge of International Financial Reporting Standards ( IFRS) and qualifying ACCA gives you the knowledge and opportunity to work with these companies.

Besides that, there are also many other benefits of qualifying ACCA after CA such as:

1. Multiple Exemptions: An Indian Chartered Accountant can get up to 9 exemptions out of 13 papers of ACCA (from F1 to F9). You can directly start your qualification at the professional level become an ACCA by only passing the 4 papers.

2. Global Recognition: Qualifying ACCA after CA helps the candidates by opening new doors of opportunities for them.

As a member of ACCA, you are eligible to work on various profiles in multinational firms. ACCA is recognized in 183 countries worldwide as compared to CA which is only acknowledged in India. Henceforth, qualifying ACCA can gradually expand your career options.

3. Flexibility: ACCA is quite flexible when it comes to exemptions and work experience. As a qualified Chartered Accountant, you already get exemptions from 9 papers in ACCA. Not only that, your articleship after the IPCC group 1 also counts as the Practical Experience Requirement (PER) for ACCA.

Furthermore, there is NO GROUPING   , NO AGGREGATION in ACCA exams that means you only need to reappear for those papers that are not cleared.

4. Exams: ACCA exams are held 4 times a year. That gives you sufficient time to prepare as per your convenience thus there is a higher chance of passing. Also, the passing percentage of ACCA averages around 60 percent that is considerably high in comparison to CA.

5. Global Opportunities: After qualifying the ACCA you get the knowledge of International accounting laws and standards that are required by the firms on a global level. ACCA qualified candidates are highly preferred in accounting roles, forensic accounting, business valuation, tax and treasury management and many more.

6. EXCLUSIVE SCHOLARSHIP from VG Learning Destination: VGLD is a GOLD Approved Learning Partner of ACCA and is the biggest and the oldest ALP in entire North India. We offer our students who have passed their CA Qualification, 9 exemptions in ACCA which means fully qualified CA’s only have to appear for the remaining 4 papers of Professional level of ACCA. Also, VGLD provides a Scholarship of upto Rs 86,000 to qualified Chartered Accountants.

 

Conclusion:

Well taking the ACCA exam after qualifying the ICAI s Chartered Accountant totally depends upon your career preferences. If you are seeking career opportunities outside of India or looking to work for Big 4s and MNC’s in India that need IFRS (IndAS) knowledge, then ACCA can be a very effective choice for you.

It will help you expand your wings and become a GLOBAL CA- an ACCA!

 

For further enquiries, please reach out to VG Learning Destination, a GOLD Approved Learning Partner of ACCA run under the guidance of Tax Guru CA Vinod Gupta Sir   at 9599983113/115/117 or 8527697921 or 9540999103 or email acca@vglearningdestination.com .

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ACCA MASTERCLASS TO CLEAR EXAMS IN FIRST ATTEMPT

ACCA is a global qualification that is recognized in over 170 countries and unlike others is a most sought after course by Big 4s and other MNCs because of the extensive technical skills and knowledge possessed by ACCA professionals in the areas of IFRS, Finance, Business and management.

Completing a professional qualification like ACCA requires a rounded skill set, so you need to understand the theory, be able to apply in the exam BUT also have the right technique so you maximise your marks. ACCA students who are falling below the pass mark of 50% are usually struggling due to a lack of examination technique. The exams are tough and candidates who pass have followed a rigorous programme of study in order to demonstrate comprehensive knowledge as well as the ability to apply this knowledge in a business context.

 

ACCA Student Exam Issues

Exams are difficult for a multitude of reasons. Nerves can play a part (although a small amount of nerves can be a good thing to keep you alert!) but they are difficult to control. So the one thing YOU can control is how you approach your next ACCA exam and what technique you will apply.

Do you find yourself facing these issues below?

§  Comfortable with the ACCA syllabus theory but still fail to pass the exam?

§  Filling your exam answer scripts but scoring less than 50%?

§  Running out of time in the exam hall?

§  Struggling with calculation questions?

 

We will discuss some common mistakes that contribute to the failure of candidates:

§  Poor Planning – A lot of students do not properly plan for their studies and don’t take some time out to decide how to plan to prepare for the exams.

 

§  Failure to familiarize with syllabus and exam structure - Some students do not familiarize themselves with the syllabus and structure of exams. This can result in two grave mistakes. First mistake is that students might waste their time on topics which are not examinable. The second mistake is that the students might skip some of the important examinable topics.

 

§  Poor understanding of concepts - One of the biggest reasons of failure in ACCA examinations is lack of understanding of the concepts. Students spend too much time on memorizing the rote knowledge instead of understanding the underlying concepts.

 

§  Lack of Practice - Many students spend all their time in studying the notes, study texts, and other study material. They make a grave mistake of not practicing for their exams under exam conditions. Practicing for the exams is just as important as studying and preparing for the exams and it also helps in identifying one’s strengths & weaknesses.

 

§  Not answering all of the questions - Another common reason of failure is that students make the mistake of not answering all of the questions. They either skip part of the requirements due to extreme carelessness or exam stress.

 

ACCA Master Classes

VG Learning Destination (Gold ALP) in association with their knowledge partner “Grant Thornton Bharat” (also an Approved Employer of ACCA) provides world-class ACCA coaching support to their students under the guidance of well-known industry experts.

Students who are self-studying the ACCA qualification are missing out on the benefits of classroom tuition. In our classes the ACCA qualified faculties will run you through the tips on how to pass the exams and what the examiner is looking for – as well as exam technique. Meanwhile, a substantial amount of time is devoted to cover the tougher areas of the syllabus to ensure students are ready for exam day.

With the availability of Recorded and Online Lectures, VGLD ensures the availability of quality education to its students who are sitting in different parts of the nation and abroad!

Here is what you can expect:

§  The specialist ACCA tutor will guide you through the most examinable topics and how to pick up easy marks.

 

§  There is a specific focus on difficult past questions ensuring you are ready for whatever the exam has in store.

 

§  It will include how to improve your exam technique which can score you those important extra marks in the exam.

 

§  Interactive questions and answers session with the tutor (including practice on CBE platform)

 

§  Mock exams before your actual exam day – this is one of the final step in tackling the exams. There is no use is having pages and pages of pristine study notes if you don’t have enough mock exam practice under your belt.

 

Generally speaking, the biggest difference between passing and failing exams is down to practicing technique and getting feedback on how you fared when taking mock exams.”

Contact VG Learning Destination at 9599983117/113 to know more or email at acca@vglearningdestination.com

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ACCA- Millions of Opportunities, One Global Qualification!!!

The Association of Chartered Certified Accountants (ACCA) is a UK based prime accounting body that was established in1904. ACCA is a global qualification for Chartered Accountancy that is recognized and treated equally as the local qualification in 183 countries like UK, UAE, Singapore etc.

The qualification itself is proof that you have the required skills in multiple aspects of a business.

Just like the CA qualification which is the local Accountancy Qualification in India, qualifying ACCA makes you a GLOBAL Chartered Accountant. You can use “ACCA” as the designatory letters and work in every aspect of the business, finance, or management.

 It enables you to take up the higher positions in a business and you can even climb your way up among the top-level management.

While these are only a few of the examples, when it comes to career and growth opportunities after ACCA, you can say that the sky is the limit!!!

 

Here we have listed a few of the lucrative career options after completing ACCA:

 

* Chartered Accountant: A Chartered Accountant is someone that manages and takes care of all the Accounts, Audits, and Taxes. As soon as you pass the exam, you are qualified as an ACCA and you can immediately start your practice from home, or you may join a firm, or you may start one of your own.

Accountancy is one of the most prestigious and respected designations wanted across the globe.

The only difference being that in India, you cannot sign on accounts of companies as an ACCA unlike a CA !

For the rest of the world, you are the signing power !

 

*Financial Accountant: A Financial Accountant s job is to manage all the funds & finances of a firm and taking care of its financial accounts. His set of responsibilities also includes advising the firm on financial matters. After completing the ACCA, you become eligible to apply as a Financial Accountant in Big 4’s and MNCs in India and every company in 181 countries!

 

*Auditor: An Auditor is a person who is appointed by a company to review and look after the already prepared accounts and balance sheet for any kind of mistake. He is like an investigator who reviews the accounts and balance sheets and confirms its authenticity.  The ACCA trains and specializes in Auditing and you can work for any Audit firm with your skills and knowledge!

 

*Management Consultant: A Management Consultant is one of the most essential components of a firm. His duties include taking managerial decisions and making sure that the instructions coming from the top level are fulfilled by the delegates. He is the answer to all the existing problems in the firm. And after completing ACCA you are automatically qualified to take up the position of a Management Consultant in Big 4, MNCs and other firms.

 

*Tax Consultant: A Tax Consultant takes care of matters related to corporate tax and other types of taxes. He is supposed to coordinate all the tax-related matters of the firm with the government tax policies.

The qualification of ACCA guarantees that you are more than eligible to work with MNC s and SME s as their Tax Consultant.

 

*Chief Financial Officer (CFO): The CFO of an organization is responsible for managing the financial operations. He is a senior executive and sits among the top dogs of a firm. His major responsibilities include Management and Budgeting, Accounting and Reporting, & Strategy planning to improve the productivity and efficiency of the organization. With ACCA Qualification, you can climb up the Corporate ladder and reach the top most positions !

 

*Tax Specialist: This profile is usually found in professional accounting firms. They advise tax at local and international levels and they are also responsible for assisting the firm in meeting its Tax demands.

These are only a few of the respected positions that you can land in after qualifying ACCA. There are even more career options available like Forensic Accountant, Finance Manager, Financial Controller, Assistant Accountant, Corporate treasurer, etc.

ACCA is a flagship qualification that opens multiple doors of opportunities for you both on domestic as well as international level.

Is ACCA a good career choice in India?

Definitely Yes! ACCA is a global qualification for Chartered Accountant which has a similar value as the local qualification.

Even the salary packages for both CA and ACCA are identical and competitive in India !

A well-qualified person can easily grab a package of 6-8 lacs right after completing the ACCA as they get immediate placement in MNCs and Big 4 companies.

Since many students are becoming aware of the perks of ACCA, India is speculated to become one of the largest countries for ACCA in upcoming years.

The Indian economy is achieving growth at a phenomenal pace. And globalization has motivated many MNCs & international organizations to operate their business in India so they are also seeking professional accountants and finance experts with knowledge of GLOBAL accounting!

ACCA is gaining popularity because it provides deep insights into IFRS (International Financial Reporting Standards) which is again is very essential on a global level. This is why ACCA offers a great career opportunity and scope in management, financial, and accounting sectors not only in India but all across the globe.

 

Why Should You Choose VGLD For ACCA?

1. Gold Approved ACCA Learning Partner: This is a formal recognition given to the excellent learning providers by ACCA. It helps the students by making the programme globally available through the prestigious learning institutes which are approved for quality education and meets the rigorous standards of ACCA Global body.

 

2. Study From Experts: VG Learning Destination has Grant Thornton as their knowledge partner. Grant Thornton is one of the leading assurance, tax, and advisory firms in India. The collaboration between the two giants ensures excellent tuition for ACCA to the students.

 

3. 100 Percent placement: ACCA from VG Learning Destination can get you placed into the top MNC s like Intel, KPMG, Cipla, Kotak Mahindra Back, Dell, Grant Thornton, Citi Bank, J.P. Morgan and many more. VGLD provides 100 Percent placement assistance to its ACCA qualifiers at a very lucrative annual package.

 

4. ACCA qualified faculty: The ACCA faculty at VGLD are expert professionals who themselves are ACCA qualified and have many years of experience in practicing and teaching ACCA You will not only learn about ACCA from the most qualified faculties in the industry but also gain a lot of practical knowledge from their experience that will serve you for the rest of your life.

 

5. Mock Exams and Practical Questions Training: VGLD provides regular Mock exams and practical questions training based on the actual past papers to improve your learning capacity and helps students retain what they have learnt in their classes.

 

6. Recorded and Online Lectures: Apart from Mock Tests and excellent faculties, VGLD also provides its students with all the necessary resources that are required by them to pass their ACCA papers.

With the availability of Recorded and Online Lectures, VGLD ensures the availability of quality education to its students who are sitting in different parts of the nation and abroad !

Success is waiting for you !!!

What are you waiting for !!!

Enquire now about the ACCA qualification at VG Learning Destination.

Drop in an email to acca@vglearningdestination.com or call 9599983117/115/113.

For further details, click on the link below:

[...] Read more

Career Option for CA Dropouts- ACCA !!!

Hello Friends!!!

Being part of the most prestigious Institute for CA students for Direct tax classes, we often get a lot of career counselling queries from students pursuing CA!!!

For the ones who are progressing in their CA exams, it is different level of self-esteem altogether.

But the challenge is for the ones who have given several attempts in CA and are now doubting themselves.

It is an extremely depressing situation for the ones who have given so much of their time, money and hard work in CA and are now contemplating whether this is in fact their right career choice or not !!!

I completely empathise with such students as I know how demotivating it can be for someone to doubt the choice after so much has already been invested, and when I say invested I don’t just refer to the monetary aspects- I’m referring to the emotional investment that a candidate has already made whilst trying to clear CA!!!

For such students and for many more, ACCA seems to be the best bet.

ACCA (Association of Chartered Certified Accountants) is a UK Based Accountancy body which is recognised in 181 countries.

It is the global body for Professional Accountants.

Key features of ACCA

1.       Global Reputation- It has 2, 28,000 members and 5,27,000 students across the globe.

2.       Great Opportunity- It has 7,571 Approved Employers across the globe.

3.       Global Influence- It has over 80 accountancy partnerships worldwide opening global avenues for students.

4.       Robust Support System- Student contact centre is available 24*7

Apart from the features recognised above, the most important for CA Pursuing/Drop outs/ qualified students is that it RECOGNISES your level in Indian CA and awards you EXEMPTIONS accordingly.

The CA Internship is also recognised as part of the Practical Experience Requirement (PER) of ACCA of 36 months.

For someone who is IPCC level pass , he gets a total of 5 Exemptions out of Total 13 papers in ACCA.

Moreover, if someone is a B.Com(H) and also got 40+ marks in CA Final level papers of SFM, Costing and FM, he/she can claim additional 4 PAID exemptions.

This puts them at PAR with someone who is CA Qualified and wants to pursue ACCA- only needs to attempt the remaining 4 Papers of Strategic Professional Level.

Now that surely gives an immense boost to the self-confidence of the students and gives them a career choice which is still relatable to their CA and just to add a cherry on the cake is that it makes the students a GLOBAL CA!!!

Moreover, studying ACCA from VG Learning Destination gives students an attractive Scholarship of more than Rs 60,000/-

Therefore, an ACCA Qualification not only does it opens up GLOBAL avenues for students but also recognises the efforts put in so far!!!

 

So now that’s definitely a win –win situation for the students!!!

[...] Read more

ACCA leads the way by introducing Remote Invigilation Computer Based Exams!

“It is not the strongest of the species that survive, nor the most intelligent but the one most responsive to change” – Charles Darwin

The COVID-19 pandemic has changed everything and made the world a gloomy place. This has been a more challenging time for students who have been working hard with online classes to keep progressing towards their professional qualification!

 With many professional level exams getting cancelled/postponed due to COVID-19, many students undertaking professional level qualifications found themselves stuck in the middle!

ACCA also had two options – to cancel the exams in Sep’20 or to rise up to the occasion, take the challenge and introduce change!

Leading from front:

With COVID-19 and the unprecedented times it has brought about, everybody started talking about reinventing our education systems. We needed to craft an education system that imparts a whole new set of dynamic skills for students. With the new measures that Covid-19 has brought in, we should shift the focus of education away from content, to a skills-based programme. What should these skills be? The famous author Yuval Noah Harari enlightens us in this regard. He identifies the 4Cs of critical thinking, communication, collaboration and creativity as the skills which will be indispensable in the future.

However, even though teaching was possible online, the bigger challenge was then about undertaking EXAMS!

Surely, with the current situation, bringing students to the Centre was not at all safe.

This led to many exams at all levels getting cancelled.

However, ACCA took the challenge and have introduced REMOTE INVIGILATION EXAMS across all Levels (Skills as well as Professional level exams) in specific locations (Countries) including India.

Below are a list of FAQ’s regarding the same:

1.   What is remote invigilation and how does it work?

Remote invigilation uses technology to allow students to take exams online at home, or place of their choice. This could be in their office or another quiet space.

Students will be given an exam start time, just like our centre exams, and they will complete the exam in the allocated time, under the same conditions as an exam centre.

The exam will be invigilated remotely by a real person who will invigilate a number of students via each student’s webcam. The invigilator will monitor what the student is doing, as well as checking that the room is quiet with just the student in the room. During the exam they will remain in the background so will not disturb students when they are completing their exam.

2.   Any prerequisites for Booking Remote Invigilation Exams?

Please note, only students who have entered for centre-based exams before the standard entry deadline will have the opportunity to take their exams remotely for the September 2020 session.

ACCA will then be contacting students by email to advise that they shall be cancelling their centre exam booking and crediting their myACCA account with exam fees. ACCA will also provide information on how to book a remote exam in September, should the student wish to do so.

 

For those who are unable to sit the September exams remotely, the next opportunity to take centre-based exams may be during the December 2020 exam session.

3.   What equipment do students need to take remotely invigilated exams?

Students taking remotely invigilated exams need to have internet access and for their equipment to meet the minimum specification requirements in order to run the exams successfully.

Students will need the necessary technology, equipment and exam environment to sit these exams. For more information about remote invigilation, please click here.

 

4.   Are remotely invigilated exams secure?

Remotely invigilated exams are very secure due to the checks performed before and during the exam.  The exam regulations will be available to students ahead of booking, to allow them to familiarise themselves with what they are permitted to have and do during the exam.

Once the exam has started, the invigilator will continue to monitor the student for the duration of the exam. They will also be able to assist you with any technical issues that you face.

 

5.   Can the student take a break during a remotely invigilated exam?

No. For exam security purposes, breaks are not permitted during remotely invigilated exams. 

6.   Can the student use a calculator in the session?

Yes, calculators are allowed and you will be asked to show the same to invigilator at the start of the exam.

7.   Can the student use scrap paper?

No paper is allowed on your desk. We encourage you to practise before the live exam using the scratch pad functionality on the practice platform.

8.   How will VG Learning Destination support me in this?

VG Learning Destination has always been the pioneer in providing its students maximum support.

We understand that the change can be exhilarating for the students and can add to anxiety amongst the students.

During these challenging times too, we shall be offering maximum support to our students in terms of familiarising them with the exam concept and also providing a series of insightful webinars from ACCA and familiarising students with the various study resources offered by ACCA and VGLD!

Students are also advised to visit the ACCA microsite for great study support resources made available by ACCA- Click here

The trainers from Grant Thornton India LLP shall be focusing on conducting specific classes only on Exam technique for REMOTE INVIGILATION COMPUTER BASED EXAMS!

It’s show time!

Surely, ACCA has been able to show us how to lead the front by accepting this challenge and making sure that at no points do student’s suffer in their academic journey !

We are sure that students will too rise up to the occasion and embrace this change!

 We don’t know when this pandemic will end, we don’t know when our lives will ever be back to normal again…but since adaptability is a great human asset, we must learn, we must adapt and emerge as the winners that the human race has always been!

 

For more details regarding remote exams please visit ACCA’s website (Click here) or reach out to VG Learning team at acca@vglearningdestination.com or call 9599983117,113 or 9540999103

 

Thanks

Shilpi Jain

Head- ACCA at VG Learning Destination

[...] Read more

Comparison between ACCA VS CA

CA and ACCA are two of the most honoured qualifications that are both very difficult to clear. Both ACCA and CA have similar value in India and can land you in one of the most respected and well-paid profiles. But since CA is a local qualification, it is well-recognized in India and offers relatively more when it comes to the local career opportunities. However, when it comes to global recognition and career opportunities, ACCA has the upper hand in comparison to CA.

As advantageous ACCA might be when it comes to career opportunities and recognition, a significant part of the population is still unaware of its perks and know only a little about ACCA.

If you are one of those students who are getting confused between CA and ACCA and don t know which one is better then this post is for you.

 

Why is ACCA Better than CA?

 

There are many perks of doing ACCA over CA such as:

 

  1. Globally Recognized – ACCA is a globally recognized qualification that enables you to work with giant multinational corporations and Big 4 in around 180 nations where ACCA is recognized such as UK ,UAE, Singapore and many more. In comparison to ICAI s CA, qualifying ACCA can significantly broaden your career options from just one country to 180 foreign nations on respected profiles.

 

  1. International Laws and IFRS – The course is much similar to Chartered Accountancy but it gives you additional knowledge of globally accepted International Financial Reporting Standards (IFRS). Since most of the firms and corporates are seeking professionals who are aware of the International Financial Standards and laws, it is very beneficial to qualify ACCA if you are aiming to build a career and settle abroad.

 

  1. Flexibility – When it comes to examinations, ACCA is quite flexible in comparison to CA. There is no grouping system in exams so one can also attempt a single paper at a time. In contrast, ICAI s CA has a grouping system that consists of 4 papers and to pass the group, you need to qualify all 4 papers .So, there is NO AGGREGATION, NO GROUPING in ACCA making it completely flexible option.

 

  1. Less Duration of the Course – The duration of completing ACCA is relatively less when compared to CA. Out of 13 papers in ACCA, one can attempt a maximum 4 papers in a single attempt and exams happen every Quarter. Thus, the whole course can be completed within 2 years.

 

  1. Exemption of Papers – ACCA recognizes the skills you already have. So you can get exemptions from the papers based on your level of qualification. For example, if you are a qualified CA, you can claim up to a maximum of 9 exemptions and complete your ACCA qualification within 6 months.

 

Even a part Qualified CA, after IPCC can avail upto 9 exemptions in ACCA making the qualification a life saver for CA dropouts or students who have been struggling to clear their CA even after multiple attempts.

 

  1. Higher Pass Rates – ACCA has higher qualification rate in comparison to CA. While the global pass rate rate of ACCA can be as much as 60 percent, the passing rate of ICAI s CA usually lies around 10 percent.

 

 

 

Conclusion

 

 

 

Because of the huge career push and wider in-depth knowledge ( of IFRS) which ACCA can give to you, a lot many qualified CA’s are also now pursuing the ACCA Qualification even after qualifying CA.

Choosing between ICAI s CA and ACCA totally depends upon your career preferences.

If you are planning to settle abroad and seeking career opportunities outside of India, then ACCA can be a very effective choice for you. Also, if you are seeking to work in Big 4’s and MNC’s like BDO, Cipla, Intel, Grant Thornton ,American express , Citibank etc ; then ACCA is definitely a better choice for you.

 

For more information on ACCA, please feel free to reach out to the ACCA Team at VG Learning Destination at 9599983117/115/113 or email acca@vglearningdestination or click on link http://vglearningdestination.com/vgldlanding/acca/acca-enquiry?adspart=ca_club

[...] Read more

ACCA leads the way by introducing Remote Invigilation Computer Based Exams!

“It is not the strongest of the species that survive, nor the most intelligent but the one most responsive to change” – Charles Darwin

The COVID-19 pandemic has changed everything and made the world a gloomy place. This has been a more challenging time for students who have been working hard with online classes to keep progressing towards their professional qualification!

 With many professional level exams getting cancelled/postponed due to COVID-19, many students undertaking professional level qualifications found themselves stuck in the middle!

ACCA also had two options – to cancel the exams in Sep’20 or to rise up to the occasion, take the challenge and introduce change!

Leading from front:

With COVID-19 and the unprecedented times it has brought about, everybody started talking about reinventing our education systems. We needed to craft an education system that imparts a whole new set of dynamic skills for students. With the new measures that Covid-19 has brought in, we should shift the focus of education away from content, to a skills-based programme. What should these skills be? The famous author Yuval Noah Harari enlightens us in this regard. He identifies the 4Cs of critical thinking, communication, collaboration and creativity as the skills which will be indispensable in the future.

However, even though teaching was possible online, the bigger challenge was then about undertaking EXAMS!

Surely, with the current situation, bringing students to the Centre was not at all safe.

This led to many exams at all levels getting cancelled.

However, ACCA took the challenge and have introduced REMOTE INVIGILATION EXAMS across all Levels (Skills as well as Professional level exams) in specific locations (Countries) including India.

Below are a list of FAQ’s regarding the same:

1.   What is remote invigilation and how does it work?

Remote invigilation uses technology to allow students to take exams online at home, or place of their choice. This could be in their office or another quiet space.

Students will be given an exam start time, just like our centre exams, and they will complete the exam in the allocated time, under the same conditions as an exam centre.

The exam will be invigilated remotely by a real person who will invigilate a number of students via each student’s webcam. The invigilator will monitor what the student is doing, as well as checking that the room is quiet with just the student in the room. During the exam they will remain in the background so will not disturb students when they are completing their exam.

2.   Any prerequisites for Booking Remote Invigilation Exams?

Please note, only students who have entered for centre-based exams before the standard entry deadline will have the opportunity to take their exams remotely for the September 2020 session.

ACCA will then be contacting students by email to advise that they shall be cancelling their centre exam booking and crediting their myACCA account with exam fees. ACCA will also provide information on how to book a remote exam in September, should the student wish to do so.

 

For those who are unable to sit the September exams remotely, the next opportunity to take centre-based exams may be during the December 2020 exam session.

3.   What equipment do students need to take remotely invigilated exams?

Students taking remotely invigilated exams need to have internet access and for their equipment to meet the minimum specification requirements in order to run the exams successfully.

Students will need the necessary technology, equipment and exam environment to sit these exams. For more information about remote invigilation, please click here.

 

4.   Are remotely invigilated exams secure?

Remotely invigilated exams are very secure due to the checks performed before and during the exam.  The exam regulations will be available to students ahead of booking, to allow them to familiarise themselves with what they are permitted to have and do during the exam.

Once the exam has started, the invigilator will continue to monitor the student for the duration of the exam. They will also be able to assist you with any technical issues that you face.

 

5.   Can the student take a break during a remotely invigilated exam?

No. For exam security purposes, breaks are not permitted during remotely invigilated exams. 

6.   Can the student use a calculator in the session?

Yes, calculators are allowed and you will be asked to show the same to invigilator at the start of the exam.

7.   Can the student use scrap paper?

No paper is allowed on your desk. We encourage you to practise before the live exam using the scratch pad functionality on the practice platform.

8.   How will VG Learning Destination support me in this?

VG Learning Destination has always been the pioneer in providing its students maximum support.

We understand that the change can be exhilarating for the students and can add to anxiety amongst the students.

During these challenging times too, we shall be offering maximum support to our students in terms of familiarising them with the exam concept and also providing a series of insightful webinars from ACCA and familiarising students with the various study resources offered by ACCA and VGLD!

Students are also advised to visit the ACCA microsite for great study support resources made available by ACCA- Click here

The trainers from Grant Thornton India LLP shall be focusing on conducting specific classes only on Exam technique for REMOTE INVIGILATION COMPUTER BASED EXAMS!

It’s show time!

Surely, ACCA has been able to show us how to lead the front by accepting this challenge and making sure that at no points do student’s suffer in their academic journey !

We are sure that students will too rise up to the occasion and embrace this change!

 We don’t know when this pandemic will end, we don’t know when our lives will ever be back to normal again…but since adaptability is a great human asset, we must learn, we must adapt and emerge as the winners that the human race has always been!

 

For more details regarding remote exams please visit ACCA’s website (Click here) or reach out to VG Learning team at acca@vglearningdestination.com or call 9599983117,113 or 9540999103

 

Thanks

Shilpi Jain

Head- ACCA at VG Learning Destination

[...] Read more

Comparison between ACCA VS CA

Comparison between ACCA VS CA

 

CA and ACCA are two of the most honoured qualifications that are both very difficult to clear. Both ACCA and CA have similar value in India and can land you in one of the most respected and well-paid profiles. But since CA is a local qualification, it is well-recognized in India and offers relatively more when it comes to the local career opportunities. However, when it comes to global recognition and career opportunities, ACCA has the upper hand in comparison to CA.

As advantageous ACCA might be when it comes to career opportunities and recognition, a significant part of the population is still unaware of its perks and know only a little about ACCA.

If you are one of those students who are getting confused between CA and ACCA and don t know which one is better then this post is for you.

 

Why is ACCA Better than CA?

 

There are many perks of doing ACCA over CA such as:

 

  1. Globally Recognized – ACCA is a globally recognized qualification that enables you to work with giant multinational corporations and Big 4 in around 180 nations where ACCA is recognized such as UK ,UAE, Singapore and many more. In comparison to ICAI s CA, qualifying ACCA can significantly broaden your career options from just one country to 180 foreign nations on respected profiles.

 

  1. International Laws and IFRS – The course is much similar to Chartered Accountancy but it gives you additional knowledge of globally accepted International Financial Reporting Standards (IFRS). Since most of the firms and corporates are seeking professionals who are aware of the International Financial Standards and laws, it is very beneficial to qualify ACCA if you are aiming to build a career and settle abroad.

 

  1. Flexibility – When it comes to examinations, ACCA is quite flexible in comparison to CA. There is no grouping system in exams so one can also attempt a single paper at a time. In contrast, ICAI s CA has a grouping system that consists of 4 papers and to pass the group, you need to qualify all 4 papers .So, there is NO AGGREGATION, NO GROUPING in ACCA making it completely flexible option.

 

  1. Less Duration of the Course – The duration of completing ACCA is relatively less when compared to CA. Out of 13 papers in ACCA, one can attempt a maximum 4 papers in a single attempt and exams happen every Quarter. Thus, the whole course can be completed within 2 years.

 

  1. Exemption of Papers – ACCA recognizes the skills you already have. So you can get exemptions from the papers based on your level of qualification. For example, if you are a qualified CA, you can claim up to a maximum of 9 exemptions and complete your ACCA qualification within 6 months.

 

Even a part Qualified CA, after IPCC can avail upto 9 exemptions in ACCA making the qualification a life saver for CA dropouts or students who have been struggling to clear their CA even after multiple attempts.

 

  1. Higher Pass Rates – ACCA has higher qualification rate in comparison to CA. While the global pass rate rate of ACCA can be as much as 60 percent, the passing rate of ICAI s CA usually lies around 10 percent.

 

 

 

Conclusion

 

 

 

Because of the huge career push and wider in-depth knowledge ( of IFRS) which ACCA can give to you, a lot many qualified CA’s are also now pursuing the ACCA Qualification even after qualifying CA.

Choosing between ICAI s CA and ACCA totally depends upon your career preferences.

If you are planning to settle abroad and seeking career opportunities outside of India, then ACCA can be a very effective choice for you. Also, if you are seeking to work in Big 4’s and MNC’s like BDO, Cipla, Intel, Grant Thornton ,American express , Citibank etc ; then ACCA is definitely a better choice for you.

 

For more information on ACCA, please feel free to reach out to the ACCA Team at VG Learning Destination at 9599983117/115/113 or email acca@vglearningdestination or click on link http://vglearningdestination.com/vgldlanding/acca/acca-enquiry?adspart=ca_club

[...] Read more

Global MOUs in Place by ACCA With Other Educational Bodies

 

ACCA or the Association of Certified Chartered Accountants as we all know is a body of qualified professional accountants which currently has over 228000+ members along with half a million students enrolled making it the largest body of such kind for accounting professionals. The ACCA is accepted worldwide in over 180+ countries for its quality of course and professional development activities and now has engaged with over 300+ institutions of learning worldwide to enhance the high standards of learning.

One may question what is it that makes ACCA a globally accepted course as there are separate courses in specific regions imparting similar financial knowledge and technical skills. The answer to this question lies in two points-

·        The course of ACCA is not focused on accounting practices of a particular region but involves understanding and mastering internationally accepted accounting principles and international corporate laws

·        ACCA also has a wide range of tie-ups with region-specific institutes imparting similar courses. This in itself makes it the most sought after course in the accounting domain as it easily allows a candidate having attained a similar level of expertise to perform accounting practice in a global work environment. This has been enabled with a large number of MOUs signed by ACCA with other similar institutes providing the candidates flexibility in choosing the courses.

Membership agreements for ACCA members

In line with allowing flexibility to ACCA members to practice the accounting profession in other regions without any extra effort, ACCA has entered into MOUs with apex institution of specific regions so as to avoid duplication of qualifications and allow ACCA members to hold dual membership. This allows for creating a joint professional task force which can work on improving the accounting practices in the region and also aligning the accounting regional accounting practices with the globally accepted accounting practices. Some of the MOUs signed by ACCA are:-

·        UAE - AAA (Accountants and Auditors Association) – ACCA members can become members of AAA (UAE)

·        Chartered Accountants Australia and New Zealand – Both institute members can apply for dual membership

·        Certified General Accountants Association of Canada (CGA-Canada) – Both institute members can apply for dual membership

·        Hong Kong Institute of Certified Public Accountants (HKICPA) - Both institute members can apply for dual membership

·        Malaysian Institute of Certified Public Accountants (MICPA) - Both institute members can apply for dual membership

MOUs with other bodies to become a member of ACCA

This partnership approach of ACCA which accepts other courses in line with ACCA course and grants exemption either full or partial to appear in certain subjects, allows finance professionals to attain a dual degree and also work in a global firm without starting the course from ground zero. The ACCA apex body performs a very strict check on the courses of other accounting bodies before the agreement is signed and ensures sufficient coverage of topics and fair exemptions are given to candidates based on their competencies. Some of the indicative MOUs signed by ACCA are:-

·        Institute of Singapore Chartered Accountant – ACCA membership is awarded to members of this institute who have cleared the examinations and have three years of experience post completing the course.

·        UK based institutes - ACCA membership is awarded to members of the below-mentioned institutes who have cleared the examinations and have held membership for five continuous years post completing the course.

o   Institute of Chartered Accountants of Scotland

o   Chartered Institute of Public Finance and Accountancy

o   Institute of Chartered Accountants in Ireland

o   Institute of Chartered Accountants in England and Wales

·        European Communities (Recognition of Professional Qualifications) Regulations 2015 – ACCA membership is awarded to those who are currently members of a body of professionals or is presently holding a qualification under the above Regulations.

·        Joint Examinations – ACCA has tied up with institutes and have modelled the examinations in such a way that any candidate passing the examination will be eligible for membership for both the accounting professional bodies such as Institute of Chartered Accountants of Barbados, Institute of Chartered Accountants of Trinidad and Tobago and many more.

·        Other accountancy bodies – Exemption of maximum 9 papers are allowed for other accountancy bodies such as Institute of Chartered Accountants of India (ICAI)

 

Enhancing Overall Qualification

ACCA endeavors to enhance the knowledge not only in the accounting domain but multiple other aspects of finance. To further this, it has entered into MOU with other bodies which provide both academic and professional qualifications as mentioned below:-

·        Academic Qualification

o   MSc (Professional Accountancy), University of London – This is allowed for ACCA students, affiliates and members and certain exemptions are allowed based on your ACCA qualification

o   MBA (Global), Oxford Brookes University – They have a part time, online MBA which is only allowed for ACCA members who have completed at least three years of professional work.

·        Professional Qualification – These courses allows an ACCA member to enhance their skills in a particular domain and become subject matter experts. Some of the courses on offer are as follows:

o   Advanced Diploma in International Taxation (ADIT) with the Chartered Institute of Taxation (CIOT)

o   Certified Internal Auditor (CIA) certification with the Institute of Internal Auditors (IIA)

 

[...] Read more

Exemptions in ACCA

Are There Exemptions in ACCA Course

 

As a finance professional you must be wondering that after going through years of rigour in attaining the professional qualification and passing numerous subjects, will you have to start again from the very scratch to take up an additional degree?Thankfully ACCA allows you to enhance your CV and knowledge by gaining global financial knowledge while minimizing the time and efforts required in attaining the same. Being a globally recognized course which is accepted in 170 countries worldwide, ACCA course helps in boosting your chances of landing coveted finance jobs in top-notch global firms.

The exemptions allowed in ACCA course is based on the understanding that the candidate has recently gone through the basic subjects of the ACCA course and have mastered them in their respective professional qualifications. The apex body provides various exemptions based on the course students have completed thus making it consistent with their knowledge and learning. Below are some of the salient features of the exemptions:-

1. Exemptions Applicability – Exemptions are available for the entire level of Applied Knowledge and Applied Skills examinations depending on the candidate’s qualification, but no exemption is allowed for Professional module or based on one’s work experience. In the spirit of imparting the best professional knowledge, the ACCA apex body does not allow to avail exemptions if the candidate has attained the previous qualifications long time back or has worked in any field except finance/ accounting. Also, existing students who have already enrolled for ACCA course can claim fresh exemptions if you have attained additional qualifications in other courses subsequent to joining ACCA course and have now become eligible for exemptions in ACCA course.

2. Exempt Subjects – Exemptions are offered based on the previous qualifications and can maximum reach 9 subjects out of the total 14 subjects which one needs to pass to complete the ACCA course. An indicative list of courses which are allowed exemptions include CA, CMA, B.Com, M.Com, MBA among many more. This is more helpful for candidates who have just passed CA but also for applicants who are currently pursuing CA course. Below is a list of exemptions for CA course:

a)      Passed Foundation (CPT) level of CA course – No exemption

b)      Passed Intermediate (IPCC) level of CA course – Exempt to appear the below 5 papers

·         Accountant in Business (AB)

·         Management Accounting (MA)

·         Financial Accounting (FA)

·         Taxation (TX)

·         Audit and Assurance (AA)

c)   Passed Final level of CA course – Exempt to appear the below 4 papers (in addition to 5 papers exempt on passing Intermediate (IPCC) level of CA course i.e total of 9 subjects are exempt)

·         Corporate and Business Law (LW)

·         Performance Management (PM)

·         Financial Reporting (FR)

·         Financial Management (FM)

Exemptions are also allowed based on partial completion of particular levels of CA course based on the subjects passed.

3. Process of claiming exemptions – The ACCA course regulatory body has made it very easy to claim exemptions for various courses. The important requisites are understanding which courses are exempt based on your previous qualification and having necessary qualification certificates in English. Post having all necessary paperwork, one can apply for claiming exemptions on the website as well as by emailing them.

4. Fees for claiming exemptions – It is important to note that claiming exemption is complete only when one has successfully completed the paperwork and has made the requisite payment. The payment required to be made is based on the level of course i.e Applied Knowledge or Applied Skills. Also one has to make payment for each paper exemption sought.

By allowing exemptions, ACCA course not only respects the prior hard work of the candidate in obtaining the said skills and knowledge but also acts as a boost to expedite the process in obtaining the dual degree which helps the candidate in steering their career, not to forget the saving in cost (fees for exemption is less than exam cost). An important thing to remember for all candidates is that ACCA regulatory body performs very strict scrutiny before allowing exemptions and any wrongdoing is treated sternly so as to not allow any false claims.

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TIPS FOR ACCA EXAM PREPARATION

Today we are going to talk about how to prepare for an ACCA exam. There is a typical approach which we can apply in all the exams. There are two approaches we can use. One is self study and another one is to take classes from an ACCA approved tuition provider and then do self study. We will talk about one by one for both.

ACCA APPROVED TUITION PROVIDER:-

First we will talk about the other approach; Coaching from an ACCA approved tuition provider and self study.

To pass any exam, we require patience, practice, hard work and time management. Firstly decide a subject and find an ACCA approved tuition provider, then they will teach you the topics of the subject. On the day the topic is done, read that and make notes throughout the session. ACCA approved tuition provider will assign you the homework; do that on a regular basis. When you reach in the middle of the subject, means to say you get to know the subject and half of the syllabus has been completed then start the revision by yourself. There is a thing, whether you take a coaching or not, self study is necessary. Lots of practice is required.

For example, there are 7 sections in a subject. In a week if Section A is completed, then start doing the questions of that section. Don’t wait for the completion of syllabus. Start practicing on the very first day of the start of the subject.

Assign yourself a target of doing the practice of questions of at least 2 to 3 times. In the first time, we understand the overview of the subject, what the subject is all about. In second revision, we understand how to tackle the questions with the techniques and start highlighting the weak points. Do work on them in the third revision.

There’s a phrase, do not do 100 books 1 time, do 1 book for 100 times to get perfection, because every time you read a topic, you will alwaysfind something different.

Do the past papers to get familiar with the exam questions. Past papers have some interesting and useful questions. Make notes and revise them as much as you can.

If you are weak in a topic and you are struggling with it, just leave it for the day and next day read it with the beginning and repeat the sentences in your mind and try to think what the writer wants to say.

Focus more on the basic rather than on difficult areas, having knowledge of basic will simplify the difficult topic.

There are so many ACCA approved tuition providers like VGLD, Finaco Pro, Zell education etc. I took class for FM. I qualified that exam in One go. My experience with VGLD was good. You get the study text in the form of PPTs which are easy to read. Tutor support is also good and they respond very quickly for your doubts/queries. Their student support is also good, they actually take care of their students so that the students don’t get distract from other ACCA functions and can focus on their studies.

The main point is that, STAY CONSISENT AND DO THE HOMEWORK REGULARLY, YOU WILL DEFINITELY PASS THE EXAM. Whether it is self study or coaching, practice, hard work and consistency is required to achieve a goal.

SELF STUDY:-

Now we talk about self study. Without a mentor it is difficult to do something, as you are the mentor and you are the student. So only you can find your weakness and only you can work on them.

First of all self study is time consuming and you will face many difficulties in doing that. But if you are consistent and you have persistence then you can clear the exam with self study as well. It depends from subject to subject. If you want to clear a P level exam with self study then it will be most difficult thing in the world to do. Firstly, decide the subject you want to prepare and then choose wisely whether to take tuitions or self study.

The question is how to work on them. First of all, read the book, either BPP or KAPLAN, that’s your choice. Make notes to simplify the long topics. Just read the book for the very first time to get the overview of the subject and finish this reading as soon as possible, like within a week or two weeks (vary with the subject).

Then re read the book, now with the motive of understanding the topics and tries to do the practice of questions. Start with the MCQs as these are short and these take less time.

Start doing long questions, for the first time just try to understand the format and how to do a long question. At this step don’t focus on the speed. Try to understand how the concepts have been applied in the answer and search for the easy points.

During self study we feel like to give up because it is hard to do questions and find mistakes by you and assess yourself. But this hard work turns in to good marks (of course passing marks).

Read the study text 2-3 times and do the revision kit 2-3 times to get fluency. First of all evaluate how much left to the date of the exam. Then divide the first revision including kit in that time period. During first revision, do the study text first then pick the kit after reading. Do the study text for the second time and then try to solve questions from the kit section by section. Read a section, and then do the questions of that kit.

By the time you complete two revisions of study text and one time revision kit and by this time you may not feel confident (again vary with the subject). When you do the kit, make the favorite questions which you feel difficult in solving. Try to work on weak topics by reading the concepts again.

Third revision.

You are just 7-14 days away from the exam. During this time, focus more on concepts and do the past papers in this phase. The past papers help in doing only important questions rather than wasting time on less important topics. Go through the concepts again and again and try to remember them.

For subjects like AA, learn the knowledge base areas by revising them again and again.

For subjects like taxation, learn the dates and provisions, exemptions, deductions.

One day before the exam, read the theoretical parts and weak topics in theory so that you can remember them till the exam date.

Don’t study on exam day as if you study on that day, you will feel like you know nothing and will panic at that time. It’s better to leave the books on the night before the exam (depends upon the exam time).

It’s the exam day and you are going to apply all the knowledge you have gained so far during that time.

ALL THE BEST!

Name: Harigovind Pandey

(ACCA student)

VG Learning Destination

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WHY ACCA QUALIFICATION MAKES YOU JOB READY?

WHY ACCA QUALIFICATION MAKES YOU JOB READY? 

 

Most of the youngsters these days are pursuing professional courses so that they can start working as soon as they graduate. But even after completing courses like MBA, many of them remain unemployed. The reason is, a vast majority of students from different streams go on to pursue the same qualification thus there are a lot of MBA pass-outs from different colleges and universities but there are only a handful jobs in these sectors. So many are left unemployed, or highly underpaid for their qualification.

 

If you are a student and want to build a successful career full of growth opportunities, then Id recommend you to do something different than what everyone is already doing.

ACCA is one of the best options for someone looking to build a dynamic professional career. It is a global qualification that is recognized in over 180 countries and can land you in respectable profiles in Big 4 and multinational companies.

 

Unlike any other course, ACCA helps you develop advanced technical and professional skills that are required to drive an organization forward. ACCA qualified professionals are always sought after by MNCs because of their extensive knowledge of finance, business, and management.

 

Here are the main reasons why ACCA makes you job-ready:

 

1.