The Association of Chartered Certified Accountants (ACCA) is promoting itself as a career for the young to enhance the future
ACCA Sri Lanka said accountants are a vital part of any organisation's operations. In fact, most successful entrepreneurs started out as accountants. The knowledge they gained in this line of work eventually paid off and a majority of them have today, built successful business empires, and accounting continues to remain one of the top positions searched for by companies these days.
However, more and more employers are looking to recruit people with "employability skills” that consist of a combination of an accountancy qualification and the right technical skills and competencies. This is a result of increasing market expectations where the industry is thus demanding high quality graduates. Therefore one of the key requirements is to obtain an accountancy qualification that is respected, recognised and endorsed by the corporate world.
ACCA said it is accountancy qualification that provides opportunities for talented people, whatever their background or prior learning, to progress to become a professional accountant , is both cost effective and increases knowledge and professionalism ,where you not only gain specialist knowledge in finance and accounting, but also acquire valuable skills in organisational management and strategy?
“ACCA has become a global benchmark of accounting excellence, recently launching Foundations in Accountancy (FIA).This qualification consists of awards, including certificates, diplomas and revised Certified Accounting Technician (CAT) qualification which focuses on the core skills of financial accounting and management accounting and the wider role of accounting in business at a higher level, making it the most attractive and relevant choice for employers today,” the ACCA Sri Lanka said. The qualification was created after detailed consultation with employers, learning providers, members and other professional accountancy bodies and regulators, to meet the ever increasing demand for professionally qualified accountants who have both a practical as well as ethical knowledge required for today’s businesses.
Foundations in accountancy is divided into four parts that include: Introductory Certificate in Financial and Management Accounting, Intermediate Certificate in Financial and Management Accounting, Diploma in Accounting and Business and the Certified Accounting Technician Qualification (CAT) which includes specialist papers and work experience in audit, tax and financial management and provides a grounding in financial and management accounting with professionalism and ethical behaviour at its core – two attributes necessary in the fast moving environment in which the accountancy profession works.The syllabuses also span the key elements of financial and management accounting at all levels offered, and include an Accountant in Business exam at the Diploma level which gives knowledge into a legal, economic and regulatory context.
Foundations in Accountancy also sees certification awarded at each level, helping you to monitor your progress with flexible entry requirements, offering study options that can be planned around business needs. You can now choose which level award you wish to take, based on your past experience and level of ability.
This qualification offers so much flexibility, that with the introduction of Foundations in Accountancy; those who do not meet the minimum entry requirements for the ACCA qualification can register for Foundations in Accountancy and can start studying at any level, including the Diploma in Accounting and Business. There are no requirements to complete these papers within a given timescale in order to progress onto the ACCA qualification. In addition, they do not need to go through all the levels in any prescribed order. You can simply sit exams on demand, as computer based or paper based exams, in June and December at any of the 380 exams centers around the world.
If you wish to progress to the ACCA qualification, you may choose to take the Diploma in Accounting and Business which is an award that is suitable for anyone looking to do an introductory qualification in accounting and finance. Those who wish to become Certified Accounting Technicians and use the designatory letters CAT after their name will need to complete nine of the 10 available exams, including two of three options from Foundations in Taxation, Foundations in Financial Management and Foundations in Audit. Additionally, they need to complete the Foundations in Professionalism module and a year of practical work experience.
ACCA qualification is recognised in over 170 countries making it possible to train and work anywhere in the world. The breadth and depth of the qualification means that you develop the fundamental knowledge to work across all sectors before specializing on the core technical skills necessary for your role and any company you want to work for will know that you have the skills and knowledge to do your job to the highest standards. This will help you to become a professional accountant who is capable of building a successful career across all sectors, from practicing in accounting firms, to the corporate, financial services and public sectors and will allow you to apply to a wider selection of accounting vacancies, making you a more valuable asset to your employer and adding more variety to your work life. Therefore, as an ACCA graduate, one can look forward to a rewarding accounting career in a variety of fields such as accountancy, auditing, financial management, taxation, business development and management.
With a range of career options available, allowing you access to a broad range of challenging and interesting roles, Foundations in Accountancy maybe the stepping stone for you to a great career in accountancy, which will not only ensure a sustainable career for your future but will also provide you with a sense of accomplishment and enjoyment and a life that is authentic, vibrant, and fulfilling.