With businesses and industries becoming increasingly global and converging at a very fast rate, ACCA has emerged as one of the most desirable qualifications for anyone willing to build up a career in the business world of accounting, auditing and finance.
Career Opportunities after ACCA
ACCA offers the globally recognized, updated and industry-relevant content making it a truly global degree. Thanks to its well-designed course that updates and gets revised almost every session to reflect the latest developments in accounting standard and includes the emerging topics and skills that actually matters in the workplace. For instance, trending concepts of sustainability accounting, data analytics and even Block chain have been included in the syllabus.
Moreover, ethics modules and three years compulsory Practical Experience Requirement (PER) for all students equips them with the required technical expertise, organizational skills and other ethical aspects that makes ACCA as one of the most sought-after degrees by the employers. The requirement for Continuous Professional Development (CPD) for the members adds up to the relevance and reputation of ACCA in the job market.
Here is the listing of some of the reputable job roles that offer impressive profiles and handsome salaries after ACCA;
- Audit and Assurance Services
Their job role is to perform an independent, objective assessment of financial statements or compliance efforts. Many ACCAs are working in reputed audit firms in Nepal and even in BIG 4s around the world.
Another area in audit is – Internal Auditor
They add value and improve operations in the organization by bringing a systematic and disciplined approach to the effectiveness of risk management, control, and governance. They also analyze reports, develop annual plans, identify loopholes, recommend risk aversion measures etc.
- Finance Manager
Their responsibility is, but not limited to, monitoring the day-to-day financial operations within the company, such as payroll, invoicing, and other transactions, tracking the company’s financial status and performance, researching market trends, identifying areas for potential improvement and producing financial reports.
- Tax consultant/Advisor
They are experts in tax law, planning and compliance. Preparing tax returns, conducting research on tax laws, strategizing with clients to minimize tax liability, communicating with clients to explain tax issues preparing tax returns, estate planning, keeping clients compliant with their tax obligation etc. are the responsibilities as a tax consultant.
- Management accountant
They aid managerial planning and commercial decision-making tasks by providing appropriate financial information and undertaking related accounts and administration. Preparing reports, budgets, commentaries and financial statements, variance reports, forecasting budgets, supervising accounting technicians are some of their job responsibilities.
- Business Analyst
Developing technical solutions to business problems, or to advance a company’s sales efforts by defining, analyzing and documenting the business requirements. They also perform variance analysis, prepare financial models, make forecasts and assist in pricing strategies.
- Finance planner
They research and develop strategies on investment, risk management and tax planning. They also draft consolidated forecasts and budgets and analyze trends in revenue, expense, capital expenditures and other related areas.
- Investment Banking
Though not explored much by ACCAs, this is one of the most well-respected and highly paid domains in the field of banking. One can provide support in the treasury related accounting, balance sheet accounts which would include cash as well and check for the accuracy of capital market pricing. They can also support financial reporting around valuations and assist in the research of investment opportunities.
- Credit Control Manager
Credit Manager has a vital role in the finance department to ensure that invoices are paid on time to assist the organization. They manage team of credit control officers, formulates credit policies for the company, prepare credit notes, negotiate terms with third party debt collection agencies, review and report on aged debtors, ensure creditworthiness etc.
- Risk Manager
Their job is to ensure that the company secures its reputation and profitability by identifying and advising on various types of risks (business, financial and legal) and potential threats and create plans to prevent and mitigate these problems.
- Compliance/Governance officer
A Compliance Manager ensures a company functions legally and ethically while meeting its business goals. They are responsible for developing compliance programs, reviewing company policies, and advising management on possible risks.
Chief financial officer, Treasurer, Business Advisor -The list goes on and on. Apart from these lucrative career options to choose from, the other perk of ACCA is that it is well recognized and can help student land on these jobs in the renowned MNCs and in any part of the world.
Besides, those who wish to specialize on other areas of their interest, ACCA opens doors to many other qualifications like MBA and CFA and also provides with relevant skills and expertise to successfully start, operate and manage their own business.
Strategic Professional Level Student at Seed Financial Academy