ACCA is a global qualification that creates professionals that are capable to represent themselves in diverse sector in the world of accounting and finance. There are 13 different papers within the qualification which covers areas including taxation, financial and management accounting, audit,corporate law, finance and general business practices. An exam is conducted for each paper to test your knowledge on the respective paper. However, to become an ACCA member there is more to be done than just passing the 13 different papers—it also involves fulfilling the Practical Experience Requirement (PER).
To become an ACCA member, aspiring professional needs to understand what it is, how the PER is achieved and the importance of it.
PER, a criteria to become ACCA member is an supervised experience requirement with an aim that the students should possess both theoretical understanding and the practical skills necessary to succeed in their relevant professional positions. To complete PER, one should have 36 months of relevant work experience. While having the work done, one should fulfill different performance objectives. The objectives range from technical competence to professional skills with ethical demonstration in mind. Governance, stakeholder management, strategy, innovation and sustainable value creation are amongst other. The work experience should be recorded and verified through ones ACCA portal.
In regards to your PER, starting early and gaining exposure to different areas of accounting and finance is suggested. Do not wait until you pass all your exam. Choose your mentor wisely, he/she should be someone senior with relevant experiences who can guide you thoroughly with clarity to record your PER and verify your work experiences. It is essential that you keep your records up to date through MyExperience tool present itself in your ACCA portal.
Many of the aspirants take PER as a challenging task or see PER as a burden. However, completing your ACCA PER is in itself a transformative journey that will shape you with skills to be a competent global professional. By integrating theory with the practical experiences, you prepare yourself for the world of accounting and finance. ACCA members are held to high professional standards, and the PER ensures that you meet those expectations, making you a valuable asset to employers worldwide.
