As the business environment in Nepal is changing, the students graduating from BBS face the most important decision in their life: which way to go. One of the most sought-after options is the Association of Chartered Certified Accountants, or ACCA, a globally recognized professional qualification.
But is the ACCA the right pathway for students who have pursued their Bachelor of Business Studies? In this blog, we consider some advantages or considerations that make ACCA stand out to be a good option in ensuring career development in BBS graduates and help you make a justified decision in your career pathways.
Business Fundamentals
The BBS provides a broad, holistic understanding and skill in common concepts and practices core to business management: accounting, finance, marketing, and operations. Knowledge gained while pursuing the BBS will be an asset in pursuing this qualification.
The BBS course covers the foundation of most subjects in the ACCA examination; therefore, students will be at an advantage once they start preparations. Similarly, the problem-solving, critical thinking, and decision-making abilities developed through the BBS course match the competencies that would enable one to deliver well in the ACCA course.
Such synergy will go a long way to ensure better learning and increase success chances for BBS graduates who are willing to become ACCA-certified professionals.
ACCA Requirements
The ACCA course has been designed to be inclusive for all graduates from different educational backgrounds, and BBS passed students are no exception. BBS students in Nepal basically qualify for exemptions in all the ACCA Fundamental level exams that cover core subjects such as accounting, management accounting, and financial management.
This provides the avenue for the BBS graduate to study directly for the ACCA Professional Level and go further into advanced fields of strategic business reporting, advanced taxation, audit, and assurance. Besides, the flexible modular structure of the ACCA program means that a BBS graduate will find it easier to tailor an individual study plan to personal needs and at their speed, thus allowing effortless transition from BBS into ACCA.
Career Opportunities
It is also one of the most sought-after qualifications amongst the graduates of BBS in Nepal; thus, ACCA opens immense career opportunities locally and internationally.
The acquired ACCA qualification thus entitles the BBS graduate to a number of very well-paid and highly sought-after finance and accountancy jobs: financial accountant, management accountant, finance manager, auditor, tax specialist, financial analyst, and even Chief Financial Officer.
The versatility of the ACCA course makes its graduates sufficiently capable of performing these multifaceted roles, and hence, they are very sought-after talent in the Nepalese corporate arena and internationally. Moreover, with the global recognition of ACCA and a wide network of industry partners, BBS graduates have a wide opportunity for international mobility.
Conclusion
This strategic decision that BBS graduates make in Nepal can unleash a whole new world of opportunity. These aspiring professionals, drawing on the foundational business knowledge during their BBS course, can then transition with seamless ease into the ACCA program and thereby capitalize on this competitive advantage.
The comprehensive curriculum of the ACCA, flexibility in studying, and global recognition make it a very great avenue for BBS graduates to excel in dynamic and changing finance and accounting fields. Gaining exemptions, fast-tracking their studies, and entering a wide array of lucrative career fields, the pathway of ACCA presents an opportunity to take the professional journey higher.
Consider the ACCA as a strategic step that can propel you toward your aspirations, both within Nepal and onto the global stage, as you navigate the next phase of your career. With the right mindset, determination, and support from this highly regarded accounting body, the future of your finance and accounting career is set for greatness.
