ACCA stands for the Association of Chartered Certified Accountants, which is an institute formed in 1904 and is a global professional body of accounting professionals. ACCA offers the chartered certified accountant qualification, and today it is a fast-growing global accountancy body with more than two lakh members. Over 4, 85, 000 qualified ACCA students are spread across 180 countries. If you are interested in exploring a career in finance and accounting or getting prepared for the ACCA exams, read on to learn what to expect your career prospects to be like.
What are your career prospects after the ACCA exams?
An ACCA qualification can open up a world of opportunities for you.
Some of the most popular and desirable roles that you can work for with an ACCA qualification are:
1. Financial Advisor or Accountants – Financial accountants record, summarise, read and interpret every transaction that occurs inside a business. Usually, this data is collected over a specific time and worked upon. These professionals are also qualified and equipped with the preparation of financial statements of an organisation to be shared with third parties like the shareholders, tax regulation authorities, investors et cetera. They can also create business strategies from the revenue and profit perspective.
2. Corporate Treasurer – A corporate treasurer is a professional who ensures that the organisation has the required capital to meet all its obligations. Corporate treasurers are key in shaping the financial strategies and policies of the organisation. They also advise the management on investment plans, arrange funds for expansion, as well as manage any financial risk. Under this job role, professionals also manage the liquidity and cash flow department, risk management, and keeping up to date with all the financial developments of the organisation.
3. CFO – The chief financial officer is a senior executive who manages all the major financial operations of an organisation. The CFO’s major responsibilities include budgeting for various projects and departments, monitoring the budgets, salaries, cash flows as well as investments. They are also eligible to oversee budget allocation across departments and decide on the pay scale of the employees.
4. Tax Specialists – With an ACCA certification, graduates can work as tax specialists in any service firm. These professionals specialise in tax law and can advise a company’s clients both locally and internationally. Tax specialists can also manage the taxation requirements of an organisation.
5. Financial Controller – A financial controller is a senior executive who is in charge of the accounting department of an organisation. They ensure that the records and bookkeeping of the company have been maintained as per all business and legal standards. Financial controllers can also perform duties related to auditing, processing of budgets etc.
Other than these roles, one of the greatest benefits of having an ACCA qualification is that you will be eligible to work in any industry. There is no single sector without the need for qualified finance professionals or accountants. Join a program today.