The SEED Show With Asmita Thapa and Rabin Katwal

The SEED Show With Asmita Thapa and Rabin Katwal

The SEED Show With Asmita Thapa and Rabin Katwal | ACCA Stories from Mr Rabin Katwal, ACCA Head Nepal

The following quality discussions were made in the first episode of Seed Show where the host Ms. Asmita Thapa who is also an ACCA student at Seed Financial Academy put some questions on several dynamics of ACCA qualification with our respected guest Mr. Rabin Katwal who is currently leading the role of Head-ACCA for Nepal.
Link for the full video: Youtube

1. What is ACCA qualification for a layman who does not know anything about ACCA?
From the perspective of layman there are three things to consider. First of all, ACCA is a professional qualification especially for those who wants to pursue career in accountancy, finance and audit profession in which you need to complete examinations as well meet certain practical experience requirements. ACCA is an international qualification that currently has around 206,000 members, 500,000 students, global presence in 179 countries, 100 office centres, 500 exam centres. In a nutshell, ACCA is a professional qualification, accounting and finance related qualification and an international qualification.

2. There are many mainstream courses in the market such as BBS, BBA etc then why ACCA, why not other?
I think gone are the days we talk about product like why Samsung, why I phone, why ACCA, why BBA etc., we talk about stories. So a better question would be, “ What is ACCA story?” Different individual, human beings have different sensibilities, different interests, different perceptions different inclinations. That is why every story may not appeal/attract them and ACCA story should not necessarily attract them. So, according to their sensibility and interest, they may go with different choices and we need to respect them. So, it would be wrong to say that ACCA is the best thing for them.
Talking about ACCA values,
ACCA is a Flexible Qualification
By flexible qualification, I mean you can choose the number of papers you want to opt for examinations, you can sit for examinations 4 times in a year, you can balance exams and your experience. In the current world which is fast moving, fast paced, where individuals are working, ACCA could be a best fit choice.

Diversity and Opportunity
ACCA presence is not limited to certain countries only since it has a global presence in many countries throughout the world. So people from different backgrounds are studying ACCA. Therefore, Diversity and Opportunity for All is a part of the ACCA values and ACCA story.

International Recognition and Global Mobility
Everyone would agree that the current world is a globalized world and whatever skills we gain/are gaining/supposed to gain should be globally relevant and provided that we are able, there should be opportunities across the globe for us to be mobile. So this is how ACCA as a qualification provides international recognition and helps us to be globally mobile.
So, I think these ACCA values should appeal to everybody. The current world is very Volatile, Uncertain, Complex and Ambiguous(VUCA) and we need to put a hard question onto ourselves whether the qualification we are pursuing given the investment in time, effort and resources would be adequate enough to survive/thrive in the current world and if it does not then we should be questioning ourselves.

3. Why ACCA introduced Ethics and Professional skills module as a part of curriculum?
Ethics is an important topic in the current world and there should be rigorous discussion around ethics. ACCA student and ACCA members should have a deep understanding and they should be able to demonstrate ethical skills. Apart from Ethics, they should also be able to understand professional skills such as leadership skills, motivational skills, communication skills, decision making skills etc and reflect their competency. So, whether the skillsets that we learn throughout a journey of pursuing qualification help us to stay relevant or not is also a part of ACCA story.

4. What is the difference between ACCA and CA?
ACCA, CA or CPA, they all are professional accountants. As we say Pepsi, Fanta, Sprite they all are cold drinks. The essential subject matter is the same in these qualification such as law, tax, accounts, finance, business analysis, audit and assurance, corporate governance etc. So whether you study CA or ACCA or CPA, essentially you are studying the same thing. When talking about CA, it could be from different countries such as India(ICAI), Nepal(ICAN) or other countries, essentially similar skills are being tried to develop but, difference arises in terms of rights and privileges permitted in a particular jurisdiction. ACCA is a UK based professional accountancy qualification and Financial Reporting Council is the regulatory authority in UK. Institute of Chartered Accountant of England and Wales (ICAEW), Institute of Chartered Accountant of Scotland, Institute of Chartered Accountant of Ireland along with ACCA are Recognised Supervisory Bodies and members of these bodies have audit practice rights in UK however in case of Nepal where Institute of Chartered Accountants of Nepal(ICAN) is the regulatory body, members of other professional accountant bodies are to obtain certification of practice from ICAN to exercise audit practice rights. Under the mutual collaboration agreement with ICAN entered into recently, there is a pathway for ACCA members to obtain certificate of practice. Other than that, difference could be in terms of examination patterns, number of exam papers, local accounting standards, local law and regulations and local tax etc. So, statutory recognition and technicalities could be some of the major differences between ACCA and CA.

5. Many people don’t dare to pursue CA citing the reason that there is a group system in examination technicalities where if a student fails in one of the papers in the group he/she has to attempt the entire papers again. Does the same applies to ACCA qualification?
As far as I remember there was group system in the final level of ACCA back in 2006, however ACCA has eliminated group system as of date which means student can sit for only 1 exam paper and once passed it is permanent. The rationale behind that was there should be opportunity in a sense that if someone already has reasonable knowledge in a particular subject matter, requiring them to reappear for the examination means to deprive them of other opportunities which was against what ACCA values were and that is why ACCA subsequently eliminated the group system and once again group system no longer exists in ACCA.

6. Getting along with the topic, how many papers are there is ACCA and how is the course structure?
In ACCA there are there levels namely Applied Knowledge, Applied Skills and Strategic Professional. Applied Knowledge consists of 3 papers, Applied Skills of 6 papers and Strategic professional of 2 compulsory papers and 2 optional papers (2 out of 4 papers) so essentially there are 13 papers to appear for in the examinations. There are 4 examination sessions in a year for March, June, September and December. To be an ACCA member, we call it 3 E’s which comprises of Ethics, Examination and Experience component. On part of experience, there is a requirement of 36 months relevant practical experience which could be before, during or after also resembling flexibility in ACCA qualification.

7. Who can join ACCA?
In this case as well I would like to highlight some part of ACCA stories which is Opportunity. Long back in Europe and America, when there were discussions around women to have voting rights, even before that discussion regarding women also can be professional accountants and they should be provided the opportunity to become professional accountants and should have voting rights as a member of professional body was already there in ACCA and the practice was already introduced. So keeping in mind opportunity, anyone who thinks he/she can study and become a professional accountant can join ACCA and there are no entry barriers. However, having said that what I have to admit is definitely students from management backgrounds may find it relatively easy. In case of Nepal, students after completing 10+2 in any disciplines, BBS/BBA/MBS/MBA and also professional accountants from other bodies are joining ACCA.

8. When I started pursuing ACCA, many people did not know what ACCA is and I had to introduce the ACCA qualification to others as CA from UK and people used to ask which country you want to move after completing ACCA and what do you think the answer to that should be?
First of all, the most important thing is we need to understand that skills is a universal thing. So the skills that you are acquiring as an ACCA student or other professional qualifications the relevant of those skills is not limited to geographical boundaries and we need to be crystal clear about this. Any skills we acquire if that is restricted to a particular geographic boundary then we should really reconsider our decision to pursue that particular qualification. I also hear these things that students willing to move abroad after completing ACCA and that is fine however, the skills we gain from ACCA qualification is as much relevant in Nepal as well. Nepal is at a very critical juncture and is at a very interesting phase in its history. Federalism has been implemented in Nepal, government is also trying to do things having impact on industrial growth, economic growth and these have become a matter of public discussion. Now comes the need for manpower and that is primarily to be addressed by we as Nepali citizens. So as a Nepali citizen we as a professional accountant should also think about contributing to the national economy other than thinking about working abroad. In Nepal there are around 350 ACCA members working in banking sector, insurance sector, public sector and non-governmental sectors etc. so there are whole lot of areas where ACCA as a professional accountant in Nepal can contribute.

9. What would be the right time to start fulfilling your practical experience requirement (PER)?
It is said that there is never a wrong time to do right things but a sensible decision is to be made in the sense that when you are going to work for the employer they need to feel that you are adding some value and it is not required to teach you everything. If the employer need to teach you the basics, invest more time and effort you as an employee may not be suitable from the perspective of the employer. So having said that, it would be a right decision to start fulfilling your PER after completing Applied skills level of ACCA or at least 3 paper of Applied Skills inclusive of Financial Reporting & Audit and Assurance paper. As an ACCA student studying in Nepal, you need to know that currently there is no Tax and Law variant for Nepal which in some way requires you to study local law and local tax rules and regulations. It is pleasing that some learning providers have been taking initiatives to bridge the knowledge gap. It is a part of story of that college what they are offering. Even when college is not offering, as a professional accountant it is your responsibility to get yourself familiar with Nepalese law and Nepalese tax areas while working for some employer. To sum up, after completing entire Applied skills level or at least 3 papers of ACCA as mentioned already with the knowledge of Nepalese tax and Nepalese law would be the right time to seek for an employer to fulfill your PER.

10. Is it necessary for an ACCA student to pursue academic courses such as BBS along with ACCA which is a professional course?
Personally I think and I feel that an ACCA student should study BBS along with ACCA course. In south Asia now there is a trend to pursue professional accountancy courses like ACCA after completing 10+2. But earlier, people used to join professional accountancy courses after completing Bachelor’s degree. What we need to understand is every qualification or degree has its own merit. Academic qualification is a research oriented degree where we need to pass examinations and to submit research report (thesis) on a particular topic. Compared to professional qualification where we study core things, more technical aspects, more in-depth learning backed up by practical experience requirement academic qualification helps us to develop research skills. Professional qualification and academic course are not mutually exclusive and pursuing both would definitely provide some extra mileage. So, I personally recommend to pursue professional qualification along with academic qualification which I also did at my time and think is the best course of action for all ACCA students.

11. Is it true that student can go for BSc Hons in Applied Accounting degree from Oxford Brooked University by submitting a research report after completing Applied skills level of ACCA and also students presume that there is no need to complete BBS if they can go for BSc. Hons in Applied Accounting?
I think ACCA considering the need to develop academic skills by entering into partnership with Oxford Brookes University provides the pathway for ACCA students to earn an academic degree as well. The requirement is to submit Research and Analysis project and Skills and Learning Statement to Oxford Brookes University. Also an ACCA student can earn MSc in Professional Accountancy degree after completing certain requirements and ACCA provides pathway for the same as well. Let’s not dwell into more detail. Coming to your question, although I said earlier that the current world is globalized world still there are some boundaries, some limitations that separates us. Every country has its offering, regulator, laws and regulations and we need to respect that. In Nepal, Curriculum Development Centre (CDC) provides academic equivalency for degrees/qualifications from other universities/professional accountancy bodies and currently CDC does not provide equivalency for BSc Hons degree in Applied Accounting from Oxford Brookes University. So when are studying in Nepal, looking forward to work in Nepal, BBS could be a suitable option as long as the regulatory environment is not favourable towards ACCA and BSc Hons. Also I would like to mention that we are having engagements regarding equivalency with CDC, Office of Dean of Management, Vice Chancellor, British Council, and British Embassy

12. I think we have discussed a lot about ACCA and now it’s the time to hear about your ACCA journey and about ACCA Head for Nepal as well.
I was a 10+2 science student and I never had the ambition and aspiration to become a professional accountant. I neither had the aspiration to become doctor or engineer to be very honest. I was very much into research and new developments that were coming in science as we usually talk about theory of relativity, quantum physics. I had the aspiration to complete PhD. (Doctorate) and to formulate a theory as I was very inspired with Albert Einstein, Newton, Fin Mann since childhood and I was totally obsessed with that. I came Kathmandu after 10+2 and got admission in BSc at Trichandra College. I don’t mean to complain about the education system but that was the hard reality of the situation, it was a reality shock for me to feel that studying is for passing exams only and there is no favourable environment for research and I was kind of frustrated since I had around 2-2.5 years of loss. Then I moved for pursuing Chartered Accountancy qualification and after 3-4 months, I felt dissatisfied since it was a matter of individual sensibility for me I felt caged and I thought of giving it up. When I started exploring, I came to know about ACCA as a qualification and the course structure, questions appearing in examination, flexibility with respect to exam sitting and the support ACCA was providing really impressed me and I thought about pursuing ACCA qualification. Eventually I became an ACCA member, I worked with different organisations, worked as a freelancer, worked as an entrepreneur, worked as an ACCA tutor. Before role of ACCA Head for Nepal happened to me, I was in process of applying for PR in Australia or Canada. When this role happened to me I felt like I had been doing this role of talking about ACCA, motivating others about ACCA for a long portion of my career and this role provided flexibility to me the way I am as an individual. So ultimately I took up the role of ACCA Head for Nepal.

13. Still there is a misconception that CA from ICAN or ICAI is superior to ACCA which is not true but we cannot help it. What do you think are the problems for ACCA and ACCA students in Nepal?
On the context “Superior but not true” I remember a quote from Osho that “Nobody is superior, nobody is inferior but Nobody is equal either”. Everyone is unique, everybody have something unique which they bring to the table. It is not that ACCA is superior to ICAN or ICAI, ICAN or ICAI also has something very unique and something very useful which they bring to the table that ACCA cannot bring and ACCA also has something very unique to itself which other bodies do not bring. Before addressing your question about the problems faced by ACCA and ACCA students in Nepal, I would like to go back to the uniqueness I mentioned but did not elaborated earlier which I would wish to. Let’s tie this to story, what story that an individual carries and which story appeal to that individual. If someone has a passion for audit practice in Nepal, without a doubt I would suggest that person to go for ICAN. It is not that you cannot obtain certificate of practice in Nepal after pursuing ACCA as there is a pathway for that which would be an additional journey. Unlike that, ACCA member can enjoy audit practice rights in several countries such as Canada, Australia, New Zealand etc. through mutual partnerships of ACCA with different bodies after fulfilling certain conditions. There are other global bodies as well like CIMA, CFA but in the current context on the basis of facts the global presence and the global network ACCA has is not rivalled by any other bodies. Also ACCA stands apart in terms of course dynamics, computer based examinations, future skills, research capacity, relevant skills, ethics and professional skills module, strategic business leader. So, it is up to the students what appeals to them.
Certain difficulty in audit practice rights in Nepal despite the availability of pathway and equivalency issues are the most common problems faced by ACCA in Nepal. Apart from that with respect to challenges in the workplace, certain gaps in knowledge about Nepalese law and Nepalese taxation could be the issue since that was not the part of the syllabus since we study UK variant for law and tax however continuous efforts from the learning provider, tutors, ACCA and ACCA students to fill the gap is a matter of discussion.

14. At the end, anything you would like to say to 10+2 students who would be pursuing for a better career option in their life?
Future is going to be very uncertain. We are talking about artificial intelligence, machine learning, robotics, block chain and digital disruption has tremendous impact. For those students who want to pursue ACCA, ACCA has its story and it imparts relevant skills but that is never going to be enough. Future is for those who can reinvent themselves, adapt themselves, change themselves and these abilities might reduce with age and to retain these abilities we need mental stability. ACCA students or prospective ACCA students should have these reinventing abilities and mental stability and also should think of being multi-disciplinarian. I know many ACCA members working in marketing roles, as an entrepreneur so your expertise and inclination should not be just limited to accounting and finance. If required, you should be able to work from the perspective of being multi-disciplinarian. I would say ACCA definitely help develop these skills. This is all I would like to say to all ACCA students and prospective students.[/vc_column_text][/vc_column][/vc_row]

ACCA syllabus and its structure

ACCA Syllabus and its Structure

The ACCA syllabus of Nepal consists of 13 papers divided into 3 levels:

  • Applied Knowledge – 3 papers
  • Applied Skills – 6 papers
  • Strategic Professional
    1. Essentials – 2 papers
    2. Options – 2 papers from 4

Applied Knowledge

This level is the starting point of ACCA Journey in Nepal. There are 3 papers to study and sit for exams. Once you pass all three subjects, you can continue to ACCA Skills level. For detail information, you may go through the links below.

  • Accountant in Business- AB
  • Management Accounting- MA
  • Financial Accounting- FA

Applied Skills

Comprising modules LW (F4) to FM (F9), this module examines the principle technical subjects that you’re expected to have an advanced understanding of. These subjects include law, taxation, auditing and financial management, financial reporting and performance management. You will develop knowledge and skills in these subject areas, reaching a level of knowledge equivalent to a bachelor’s degree.

  • Corporate and Business Law– LW (F4)
  • Performance Management– PM (F5)
  • Taxation– TX (F6)
  • Financial Reporting– FR (F7)
  • Audit & Assurance– AA (F8)
  • Financial Management– FM (F9)

Strategic Professional

Once your skills level is completed, you have to sit the exams of strategic professional. It comprises 4 subjects which are subdivided into 2 categories.

         a) Essentials

This module is called Essentials as it will provide you with the specialized skills and techniques required to become an expert accountant, either in a consultancy or high-level advisory role. SBL paper is assessed with a 4-hour paper-based exam while SBR with 3-hour.

 

       b) Strategic Professional (Options) – Choose any 2 from 4

You can choose any 2 from the 4 papers available. This will give you an extra choice to select the paper where you want to be more expert.

  • Advanced Financial Management–  AFM  (Formerly P4)
  • Advanced Performance Management– APM  (Formerly P5)
  • Advanced Taxation– ATX  (Formerly P6)
  • Advanced Audit & Assurance (UK or International)– AAA (Formerly P7)

Seed Financial Academy is the best ACCA Colleges in Nepal. Make your ACCA journey with us!!!

ACCA-Vs-CA.-Whats-The-Difference

ACCA Vs CA. What’s The Difference?

Before going to ACCA vs CA discussion, let’s have an introduction about ACCA and CA.ACCA stands for Association of Chartered Certified Accountants, a globally recognized qualification spreading over 180 countries, the world’s leading professional accounting body which set up in London 1904.

What is ACCA?

ACCA has more than 5,00,000 students throughout the world.  It mainly focuses on the excellence of the Accounting and Finance profession giving their students additional knowledge of UK GAAP, their Laws, and IFRS and this is the main advantage of doing ACCA.

After pursuing ACCA, one can start his career with some MNC or a local firm handling overseas and local clients. They can opt for various career options like Finance, Taxation, business consultants, Audits, Bankings and many more. Some countries which highly recognize the ACCA qualification are Australia, Ireland, the UK, Canada, and many others.

What is CA?

CA stands for Chartered Accountancy, one of the most sought and rewarding career options among the commerce students. Chartered Accountants mainly focus on Audit as their main profession. 

They are treated as an expert in various domains starting from accounting, auditing to finance, taxation, corporate laws, etc. The career options after becoming a Chartered Accountant are countless. They can join an Audit firm, or Local or Multinational Company as an Internal Auditor,  or can join some foreign or local banks to guide them in their financial and legal matters or start your own practice.

In Nepal, the profession of Chartered Accountancy is regulated by the Institute of Chartered Accountants of Nepal (ICAN) which was established by parliament under the Chartered Accountants Act, 1997. After completion of three levels of examination (CAP I, CAP II, and CAP III) with three years of articleship training under a qualified CA, one can get the membership of ICAN and with the Certificate of Practice (COP), one can practice as a professional accountant. 

What is the difference between ACCA and CA ( ACCA vs CA )?

Which one is better? Which is more flexible? If you are confused between ACCA and CA and the above questions are bothering you, then you should not miss reading this. 

Point of DifferenceACCA in NepalCA in Nepal
RecognitionRecognized in more than 180 countriesRecognized in Nepal and some other countries where ICAN has MOUs 
Established year1904, one of the oldest professional accounting bodies1997
Regulating bodyACCA UKICAN
DemandsEqually demanded by govt & private organisations, MNCs, firms, etcEqually demanded by govt & private organisations, MNCs, firms, etc
Practice in NepalNeed to pass some ICAN papers and fulfill articleship requirementsICAN members can directly go for practice in Nepal
Accounting standardsFocuses on IFRS (International Financial reporting standards). Gives additional knowledge internationally accepted accounting practices & GAAP (Generally accepted accounting practice)Focuses on Nepal Accounting standards. Recently it has started to work on NFRS (Nepal financial reporting standards)
Flexible study optionsVery flexible. one can attempt a single paper at a timeOne has to attempt at least one group at a time.
Pass percentage40% – 50%4% – 5%
No. of papers13 papers20 papers
Entry requirements+2, Bachelors, Masters+2, Bachelors, Masters
Articleship required3 years3 years
Average Salary rangeSimilar Similar

 

Summary:

Both ACCA and CA are popular choices in the market. Both courses are based on quality, learning approaches and highly respected. To decide which qualification fits more, one can visit local offices and colleges or go through the official website of ACCA and ICAN.

Official website of ACCA: www.accaglobal.com

Official website of ICAN: www.ican.org.np

References:

www.accaglobal.com

www.ican.org.np

You can even visit one of the leading colleges for ACCA in Nepal, Seed Financial Academy, to have the actual figure of these professional qualifications. Follow the website www.seedfinancial.com.np to get all the updates

Thank you Tutors by Asmita Thapa

Thank You Tutors

HAPPY FIRST BIRTHDAY TO SEED. We’ve all grown with SEED this one year, steadily and substantially. And no doubt, the major credit goes to our beloved teachers. Let’s take a moment to celebrate their contribution to our furtherance.

When the guru-shishya relationship has evolved in itself since ancient times, this, in professional studies such as ACCA has an even zestful association. Our teachers here have been doing more than just feeding us with course contents during the class hours, by being present as a constant support system. The tutor, motivate, inspire as well as guide.

The strictest teacher in the class can be candid outside of the classroom. Such friendly interactions don’t induce indiscipline; instead, that is when real talks happen. The semi-formal approach of dealing with the students facilitates better and more open communication of students’ problems. It makes it easier for students to network and create valuable connections. This I think, is mostly attributable to the fact that they are young and are a cooler presence in the classroom than a typical college dean or school principal. Thus they tend to be more relatable to the students as they can set the tone of the lectures likewise and bring to the table a fresher, progressive perspective, by giving relevant examples, throwing in a few jokes and encouraging discussion.

There’s a thin line between the classroom being fun or rowdy, which is balanced by discipline. But (most) professional students are sensible enough to realize their purpose of being in the class and be self-motivated to learn, and thus the latter is never a problem. Their young blood energy of the teachers resonates with the students. Maybe because they have gone through similar struggles of student life not very long ago, so they are really very heedful about catering to specific intellectual needs of various calibers of students. At this level, they should not have to check the class and test performances, yet they do. Their actions and gestures clearly show how much they care for us, for instance, leaving an inspiring quote at the end of test question paper or, dealing with queries and sending course relevant articles through online groups.

The panel of tutors is proof that age does not define experience or knowledge. They have acquired the competence and humbling experience because they started early. They are working professionals so even the performance of their job requires them to be updated with any new changes in the rules and regulations, including things not in the ACCA syllabus yet. They are here to give us more than the books do, and they do. They even encourage research-based study habits among the students, and to not limit themselves to the syllabus.

Our teachers definitely set an admirable example on ACCA qualified professionals should be like.  They are undoubtedly playing their role well in the flourishment of the ACCA community.

Asmita Thapa, Student at Seed Financial Academy

seed 1st anniversary

Seed 1st Anniversary

Seed 1st Anniversary

Dear Friends,
At the very outset, we would like to congratulate you all on the successful completion of the first year of SEED. It is really exciting to look one year back when few of our management team members were discussing about starting up a new venture that aims to provide quality and unique value to existing and prospective ACCA students which was not evident in the existing market.

In this short span of time, despite being the youngest of the learning providers, we have achieved many milestones and as we can sense from the market we are standing out as best amongst the learning providers in Nepal.


In the very first session, we were able to run classes for all papers of ACCA which would not have been possible without the trust and confidence of all of you being shown to our team. Breaking the history, we have got Approved Learning Provider- Gold status from ACCA UK in a very short period of our inception. As a landmark, we have entered into Memorandum of Understanding with some of the key employers of Nepal that includes audit and accountancy firms that aim to provide support to our valued students to fulfill their practical experience requirements. Considering the difficulties that the ACCA students are facing as they go into the job market, we have introduced a new paper “Employability Skills (ES)” which has been a part of ACCA qualification at SEED. Thanks to our qualified and capable team of faculties, professional management and dedicated efforts of students which helped us to produce the highest number of toppers among all learning providers in very first examination sessions. Extra support classes, Revision classes, and CBE focused sessions have been a regular part of our academic activities.


Standing on a strong base with 280+ students, we are looking forward to higher enthusiasm. We always aim to contribute to the overall personal and professional growth of our students. We will continue to work hard and smart with new innovations and ideas keeping up high with our slogan, “Grow with us” and embedding culture of continuous engagement and improvement.


Once again, we express our sincere gratitude to our students, staff and faculty members and our valued stakeholders for all that we have achieved so far and look forward to our endless collaboration in the future.


Let’s work jointly to make SEED the college of first choice amongst ACCA students.
“Work Hard in Silence; Let Success Be Your Noise” -Frank Ocean

Thank you.

acca strategic business leader

ACCA Strategic Business Leader

The Strategic Business Leader exam is designed to mirror the workplace and requires you to demonstrate a blend of technical, ethical and professional skills. It will help manage, motivate, and influence others to work towards that same spirit, to make inspire to change or create structure in business. 

Strategic Business Leader is ACCA’s case study exam at the Strategic Professional Level. ACCA introduced the Strategic Business Leader to help you develop different skills. It is especially about having strategic, technical and professional abilities to manage the business in the right direction, from the top-level down. Moreover, it gives you the skills you’ll need if you aspire to grow through the rank of business. 

This is absolutely a new examination with a leadership focus, designed based on extensive industry research. SBL builds upon the knowledge that you obtained at the Applied Knowledge and Applied Skills levels. But, it does also have its own distinct syllabus content. This provides you insight into expert skills that you can apply in your exam and in your workplace. SBL looks into the following key topics: Corporate governance, Leadership, Strategy implementation, Risk management, Organisational control, Technology, and data analysis, Finance in planning and decision making,  Innovation, performance excellence, and change management. 

Being a strategic professional exam, ACCA Strategic Business leader is one of the tough exams in the ACCA portfolio. But, passing ACCA business leaders isn’t impossible at all. The exam will focus on one main organization, and all of the question requirements will relate to this organization. You may have to take on a variety of roles, which may require you to adopt an internal or external perspective when answering questions. You will also be required to respond to a variety of people within the organization. 

Exam Format of Acca

The examination consisted of a 4-hour exam with a single section that must attend compulsorily. It includes reading, planning, and reviewing time which can be used flexibly within the examinations. The marking scheme included 80 technical marks and 20 professional skills and competencies marks. To stand the best chance of passing the SBL exam, you need to have a good understanding of the entire syllabus. It conveys to students a clear idea of the course content and the knowledge they will obtain throughout the course. 

This study will be an in-depth business situation that you might be expected to meet in your job as an accountant. Also, you’ll be given between 12 and 18 pages of mixed information in general introduction to business scenario. It includes: 

  • Media
  • Spreadsheets
  • Presentations
  • Tables
  • Pictures
  • Diagrams
  • Graphs
  • Survey results
  • Interview transcripts
  • E-mails
  • Memos
  • Briefing notes

Use these elements to perform tasks you would do in the workplace. You earn marks after completing these tasks. You might have to take on various leadership/ manager or consultant roles in relation to these tasks. So, if you were an external auditor in some reputable companies, you might have to prepare a presentation. When you get these materials in the exam, you’ve no pre-preparation time. The concept is that you spend time learning and understanding the material once you understand what the requirements are, then plan and prepare your approach before writing your answers. 

Exam Techniques for Acca

  • Professional Marks

Different from other SBL exams, 20% of total marks in the Strategic Business level are from professional exams. Professional marks test whether you have the professional and behavioral skills that you need as an expert leader and qualified accountant. They are not totally related to the syllabus content. It just shows that you have the skills to operate in the workplace as an expert strategic business leader. Knowing the fact that how these professional marks apply is crucial, you will have more chances to write your answers in the best possible way to get these extra marks in the exam. It usually falls under five main areas, which test leadership capabilities each: 

Communication, Commercial acumen, Analysis, Scepticism, and Evaluation 

In short, it is easy to gain technical marks because you could know the syllabus inside-out, but if you don’t express yourself in the proper way, you may lose your professional marks.  

  • Technical Marks

Whereas, Technical marks comprise 80% of the exam giving those who correctly apply syllabus content. But unfortunately, the Exam technique is a huge reason students fail the ACCA exam, and it also happens to those who understand the course syllabus well. Here are some principles of good exam technique for ACCA strategic business leaders, which you can apply during the exams. Good Time Management, Effective reading, Not just reading-proper analysis, Pre-Planning, Good writing skills. 

All questions will be referred to the same case materials in the Strategic Business leader’s technical exam, so make sure you understand all the topics provided to you by 40 minutes of reading and planning. Once you understand all the context, it will be easy for you to answer the questions. 

Completing these tasks successfully is how you earn good marks during the exams, you might have:-

  • Analysis of the external environment and interpret data.
  • Assess the status and performance of an organization
  • Identify strategic problems and resolve the issue 
  • Manage risks
  • Make better strategic choices
  • Evaluate strategic choices using forecasting techniques
  • Decide on possible solutions using updated technologies
  • Implement change and innovate responsibly.

We have a list of resources to help our students better prepare for the acca exam. if you have any question you can also visit our FAQs page or contact us directly.

Average salary of ACCA in Nepal

Average Salary of ACCA in Nepal

What is the Average Salary of ACCA in Nepal?

The Answers most people who are pursuing or thinking of pursuing  a career in the field of CA/ACCA would like to know is:

  • What is the salary of ACCA in Nepal?
  • What is the Salary of CA in Nepal?
  • How much does CA earn in Nepal?
  • How much does ACCA earn in Nepal?

What is ACCA?

The Association of Chartered Certified Accountants, established in 1904  is the global body for professional accountants that operate from Uk offering the ‘ Chartered Certified Accountants” Qualification. It is approved by the member states of the European Union and the United Nations and ACCA degree is applicable in 180+ countries.  ACCA works through a network of over 104 offices and centers in 52 countries – with 323 Gold Status Approved Learning Partners (ALP) and more than 7,300 Approved Employers worldwide, who provide employee development. Gold Status is only granted to the institution that delivers the highest quality of education. 

For those who would like to own experience and comprehensive knowledge of the finance sector, ACCA works big time. As a globally accepted education and Industry related content, ACCA Qualifications is a great way to build a career in finance and accountants. Apart from that, an ACCA profession can work as a financial planner, management consultant, and so.on. 

How to become an ACCA?

The courses and exams are divided into three categories: Knowledge, Skills, and Module. To become a qualified chartered certified accountant, you need to:

  • Attempt and clear 13 exams(exemption can be claimed up to nine exams)
  • 36 months of supervised relevant practical experience 
  • Complete the Ethics and Professional Skills module. 

After completing these examinations, you will become a member of ACCA. Becoming a ACCA is a dream for many accountants. It takes 10 years to complete the full qualifications but if you choose to sit 4 exams per year, you could complete it in around 4 years. Once you finished your completion, you can apply for Chartered Status with ACCA. The status does not only show your ethical and professional commitments but also offers you greater flexibility in your career. 

ACCA Colleges in Nepal provides three units that make up full qualifications which give you a broader understanding of the strategic elements of finance and audit. It includes:

  • ACCA Applied Knowledge
  • ACCA Applied Skills 
  • ACCA Strategic Development. 

Average Salary of ACCA in Nepal

Qualifying doesn’t mean you’ll get higher salaries. Rather your experience and skills growth as you continue to learn. Your salary increases concordantly as you progress through various milestones. According to research, there is an average salary of ACCA that varies according to various sectors like the industry in which he/she works, city and experience. According to the research, students get a monthly salary of 10,000 NPR during internships and the average salary of freshers ACCA range between Rs. 15,000 to 30,000 NPR (depending on the company). Moreover, there’s a considerable increment of 10k+ according to your performance and skills. Whereas an experienced ACCA may get more than 50,000 or more according to the organizations they work for. It could go higher too, depending upon the candidate’s skills, company’s demands, competition, etc. Also, there’s a good chance for those who haven’t completed the ACCA but have completed the intermediate level and done 3 years of the internship period, they can get a job with a salary of 25,000+ per month. 

With the growth of more and more multinational companies, there has been a rise in jobs for ACCA professionals. Many multinational and local firms seek or require their employees to study for this prestigious qualification. 

There are mainly 3 major areas where you can pursue your career after becoming an ACCA. They are:-

  • Auditing and Assurance Services
  • Entrepreneurship
  • Job in the related field

Also, Some of the roles performed by ACCA members: 

  • Accountant
  • Management Accountant
  • Business Advisor
  • Credit Control Manager
  • Internal Auditor 
  • Chief Financial officer
  • Tax Accountant
  • Risk Manager
  • Governance officer
  • Business Analyst
  • Treasurer
  • Financial

Want to become a qualified ACCA join us at Seed Financial Academy.

Best ACCA institute in Nepal

Best ACCA Institute in Nepal | ACCA college in Nepal

ACCA (the Association of Chartered Certified Accountants) Qualifications is a highly-regarded accountancy qualification. It is the global body for professional accountants that operate from Uk.  ACCA’s degree is applicable in 180+ countries. ACCA works through a network of over 104 offices and centers in 52 countries – with 323 Approved Learning Partners (ALP) and more than 7,300 Approved Employers worldwide, who provide employee development.

 ACCA institute in Nepal 

The qualification is designed to teach students the financing and accounting knowledge, skills, and professional values to build a successful career. It is a legally protected term. The person who introduces themselves as chartered certified accountants must be members of ACCA.  

To become a qualified chartered certified accountant, you need to complete:

While you search for ACCA training, you can find a number of institutions in Nepal that provides ACCA courses. But finding the best one is always a tough job. Being the best ACCA institute in Nepal, Seed financial Academy is dedicated to providing excellent results under the guidance of its professional management and dedicated faculty. It is a Gold Approved Learning Partner and also a Licensed Center of ACCA, UK. The careful and fastidious training and teaching-learning methodology they offer ensures that the students get quality education along with world-class technical training. 

If you want to develop a successful career in finance and accounting, you can choose Seed Financial Academy. Before joining the courses, do some research about the institute and also you can check how experienced the faculty of the institute are. 

Why study your ACCA with Seed financial Academy?

  • Dedicated and professional team of management.
  • Prominent team of the faculty members with extensive experience ranging from 3+ years to 10 years in teaching professional accountancy courses.
  • Mock exams and feedback.
  • Digital classroom and techno-savvy learning environment.
  • Dedicated support and mentorship through every step of your studies.
  • Career and interpersonal development programs that prepare you to be work-ready when you jump into your professional career. 

Apply Now

If you have any questions feel free to visit our FAQs page. If you don’t find the answers you need here, contact us.

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Our Unique Partnership With Employers Continues

As part of our unique partnership program with crucial employers, Seed Financial Academy, on 3rd October 2019 has entered into a Memorandum of Understanding (MOU) with Complete Business Solutions. Mr. Ananta Gautam ACCA, Academic Director of SEED, and Mr. Suresh Amatya FCA, Managing Partner of the Firm attended the signing ceremony and exchanged the signed MOU.

The key purpose of the MOU is to facilitate ACCA students of SEED in completing their practical experience requirement as part of ACCA qualification by providing unique opportunity to get on-the-job training in the said Firm.

ABOUT PARTIES TO THE MOU:

Seed Financial Academy is Nepal’s prominent provider of ACCA qualification. Seed is a Gold Approved Learning Partner and also a Licensed CBE Center of ACCA, UK. Led by a team of professionals with experience in providing high-quality professional accountancy education, Seed is striving continuously to offer quality education at its campus with world-class infrastructure and facilities.

Complete Business Solutions is a management consulting firm established in 2010. The firm focuses on personalized service and provides a range of services on Accounting, Auditing, Taxation, Corporate Advisory, Management Consulting, Financial Planning, and other allied services. The firm is also a Gold Approved Employer from ACCA, UK.

If you are an ACCA student of SEED or looking forward to join SEED, please forward your CV to info@seedfinancial.edu.np.

ONLY TUTORING YOU IS NOT OUR AIM. WE FACILITATE YOU TO “LIVE” THE PROFESSION YOU CHOOSE.

seed futsal tournament

Seed Intra-College Futsal Tournament

Seed Financial Academy organized 1st ever Intra-College Futsal Tournament 2019. The two days tournament took place on 13th September and 14th September 2019 at Maitidevi Futsal. Each team had 7 members.
Nepa booking took complete responsibility for the booking management of the tournament. It was built with the aim to create a convenience and well-organized place where all Futsal players and fans can count on.
One of the main aims of this tournament is to build a stronger relationship with all participating students through sports. Also, it helps to improve their cooperation skills, boosts self-confidence and lowers the risk of getting obese. Other than that, it helps to encourage a better lifestyle amongst participants and not forgetting, to relax and have fun.

Event Details:
Event: Intra-College Futsal Tournament
Venue Location: Maitidevi Futsal ground
Match date: September 13th to September 14th
Time: – Sept 13th (11:00 Am to 5 Pm) Sept 14th (10 Am to 1 Pm)


All the competitors showcased a display of true sportsmanship on and off the pitch.

A total of 9 teams participated in the tournament. There were 6 boys’ teams and 3 girl’s teams.

Among the Girls, Team Seed Sparklers won the match while Team Seed Supernovas was runner up. And, the winner among the Boys was the Team Seed Veterans & runner up was the Team Seed Thunders.

The awards were presented to the winner and runner ups by Chief Guests Mr. Rabin Katwal & Sunil Katwal.

Congratulations to the winning teams for all the hard work. You took the meaning of teamwork to a whole new level. Thank you all! We look forward to hosting future sporting tournaments to boost the spirit of sportsmanship

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