ACCA Archives - Seed Financial Academy

ACCA as a career after plus two | what are the scope of ACCA

Have you Completed your plus two study and wondering what should you study further?

ACCA can be a better choice for you in your future endeavors. Choose ACCA as a career after plus two and get worldwide opportunities.

ACCA is the world’s leading and fastest-growing professional accountancy organization with over 200,000 plus members and 500,000 plus students across 181 countries. ACCA qualification has its presence in 181 countries throughout the world, which means that you can successfully build your career as a Chartered Certified Accountant after completing ACCA.

The ACCA qualification helps in developing successful careers in various industries like banking, auditing and consulting. ACCA qualified professionals may also think about careers in the field of taxation.

Why study ACCA?
There are various reasons to pursue ACCA as a qualification. Some of the top reasons are as follows:

Global Recognition
The ACCA qualification is recognized worldwide as a prestigious qualification which helps an ACCA student to move around the globe to pursue ACCA, sit the exams and also make way for ACCA members to work in any part of the world.
Flexibility – anywhere, anytime, in your own time
ACCA qualification is very flexible in terms of entry requirements, sitting exams and gaining Practical Experience Requirements which makes the qualification more interesting and enjoyable.
International Accounting & Auditing Standards
ACCA qualification is based on international standards which are accepted by most of the countries in the world and help students to be well equipped with the skills to work on those countries.
Cost effectiveness
ACCA is one of the most cost effective qualifications in comparison to others. Anyone can gain the qualification without much financial hardships.
Partnerships with Employers
ACCA has a network of more than 8,500 Approved Employers who are ready to offer high paid jobs to ACCA Members.
Practical Experience
It is mandatory to have 3 years of practical experience in relevant industries to become ACCA members which help them become more demanding in corporate sectors and make themselves a more complete package.
Professional Status
ACCA members are respected worldwide by employers and trust the skills & professionalism which further increases the demand of an ACCA member.

How to be an ACCA?

To be an ACCA, you must go through the following phases:
1. Register with ACCA. (You may visit the official website of ACCA or visit an approved learning partner to know about the eligibility of ACCA registration)

Pass 13 papers including Ethics and Professional Skills Module (EPSM)
Complete 3 years of relevant work experience

Know More about The ACCA course and ACCA degree

The ACCA (Association of Chartered Certified Accountants”) is a global professional body issuing highly respected and valued international qualifications in business. It is recognised by the member states of the European Union and the United Nations.
How to get the qualification? You have to pass a maximum of 13 exams in English and have relevant practical experience which you can gain in any business sector you are working in.
You can take up to 4 exams each session. Normally it takes 3 or 4 years to qualify
ACCA professional qualification covers all areas of business, from financial statements, management accounting, business taxation & law to audit and also business ethics!
Many multinational and local firms seek or require their employees to study for this prestigious qualification.

Want to Get a Free consultation : Register Here

Seed Financial Academy is a GOLD Status Approved Learning Partner of ACCA. Gold Status is only awarded to institutions that deliver the highest quality of education, reflecting the high-quality tuition that we provide to our students.

Career after ACCA/Scope of ACCA course

- Finance manager
- Finance analyst
- Forensic accountant
- Management accountant
- Internal Auditor
- Management Consultant
- Tax consultant
- Audit and assurance officer
- Finance officer
- Project manager
- Financial planner

ACCA is not a cup of tea for you, No worries we offer different other courses. Find the best for you or Contact us we will guide you to achieve the best career.

Question based day – Acca Practice Exam

Seed Financial academy timely organizes a practice tests for different courses we offer, the tests are held weekly, monthly or daily on the requirement basis. In acca practice exam we aim that students get more and more confidence in the test process of the course. Recently On 10th August 2019, we organised a Question Based Day (QBD) for TX Students taking their exams this September.

Courses we offer : Courses at SEED

ACCA Practice Test

Practice Tests are an interactive study support resource, which will replicate the format of all the exams which are available as on-demand computer-based exams (CBEs). They will help you to identify your strengths and weaknesses before you take an exam.

What is QBD ?

Question Based Days are a chance for students to practice exam questions under exam conditions with immediate one to one feedback.

What is the Format of QBD at SEED ?

The format of the day is generally:

The tutor gives a short set up for each question including question technique
Students do the questions to time
The scripts are handed to a marker to mark whilst students do the next question
Tutor gives back scripts and debriefs the question with students
Over the day the question set ups decrease as the student gains confidence in their own ability.

The last session will be either short form questions or a quiz whilst the marker completes the marking for the last question. The final scripts are given back with the mark for that question plus the overall percentage for the day and the student’s class position.

QBDs HAVE BEEN KNOWN TO BE HIGHLY EFFECTIVE IN TAKING A MARGINAL FAIL TO A PASS.

Want to appear practice test : Contact us

How can practice tests help you?

Practice Tests are a great revision aid. They are developed to the same quality standards as live exams and will provide you with:

- a realistic reflection of your performance
- a personalized feedback diagram to help you plan and focus your final revision activity
- experience of the exam environment, so you know what to expect in advance of a live exam.

Practice Tests are available online instantly anytime, anywhere and should be used once you’ve studied the full syllabus.

Faqs about acca practice tests : Get Here

How did I end up choosing ACCA as a Career?

Ujjwal Ghimire, Student of Seed Financial academy shares his experience how did he end up choosing ACCA as a career and how he find during his study.

I was an academically bright student from my childhood. At least that’s what everybody told me. I passed school with good grades, joined science, Biology. I believe with the completion of the high school lies the major turning point of student life and a very confusing moment for choosing the right career.

As a child, I was unsure about my future career with changing aims for the future. It was in grade 8 when I first got introduced to an accounting subject. It was completely new for me and boring at first sight and also for the whole of class 8. For a moment, I regretted choosing Accounting over computer science. These trial balances and memorizing definitions of banks didn’t make sense to me at all. Thanks to my second account teacher who changed my perspective towards accounting in class 9. Balancing numbers, classifying items suddenly became a fun thing to do and involved thinking. He made us grasp the concepts and basics of accounting, where I began to find myself interested.

It really amazed me when teacher talked about how thousands of people are the owners of the bank and not a single person, how a paper money can buy me a valuable gold, how big companies manage their capital, assets and how accounting is the backbone of any organization, how outstanding expense and accrued income were just different than simple other expenses and incomes. Well, I loved doing it, learning it. After SLC, I read some of the bestsellers like ‘Think and grow rich’, ‘Rick Dad, Poor Dad, Warren Buffet’s biography, etc. This inspired me to understand more about the business world.

However, I still wasn’t sure, if accounting was what I will choose as my ultimate career and didn’t choose a management stream in 10+2. The +2 science was all exciting nevertheless, but my core interest lied in accounting, business and numbers.

During my desk research and college visits for my career after +2, I discovered an enticing professional qualification ACCA. I was positively driven by its wide and real-world syllabus firstly and its global recognition. It seemed to cover almost all aspects of the corporate world and beyond. The course of 13 subjects (papers) is so precisely designed into fundamentals, skills, professional and experience part. ACCA takes us step by step to develop our mindset and prepare us mentally and skillfully for the real-world scenarios.

Let’s not even get started with its flexibility. After fundamentals, any paper can be given without any particular order and four exam sittings in a year. They are constantly challenging other local accounting qualifications whose exam structures make them unnecessarily complicated. You study the paper you want and sit for the exam you think you are prepared for in the time you want. ACCA is concerned about our feasibility and wants the best from us. It publishes useful articles and reports for students about exams, updates timely, and has a dedicated online platform to help students all at an affordable cost.

So, my ACCA journey. I joined one of the established colleges for ACCA in Nepal. First three papers fundamentals were quite easy. But that took quite longer than it should have as I over-utilized its flexibility. After fundamentals and a couple of skill papers, I joined SEED financial academy.

With my experience what I can say is ACCA has never been so much fun and understandable before joining SEED. SEED’s teachers seem to have some secret recipe for us ACCA students that makes us enjoy the complex subject matter along with the very high probability of our success.

ACCA is a walking contradiction, it’s hard but easy.

It should be provided with our time and dedication as it deserves. The success of any Skills paper’s exam has been dependent on my grasping of concepts and being comfortable to apply in real-world scenarios. And absolutely no colleges in Nepal know this better than SEED. The wisest decision in ACCA journey was to be part of this amazing team.

ACCA is full of highs and lows. One needs to stay positive in life, no matter what. It feels that sometimes our hard work isn’t paying us but we shouldn’t forget the failures are preparing us for the real world and unleashing our potential we are unaware of ourselves. Life is not always a bed of roses. If it’s worth doing it will be hard, if it’s not hard, then it’s probably not worth doing.

Find ACCA recourses : Here

Yes, of course, there are exceptions, but the overwhelming rule I have come to learn is that all things that are important and good, are hard to achieve.

They just are, which is why so few do them, the hard things. Why so few risks, stick their necks out and struggle to make a difference?

The journey is mid-way and a lot to go on.

Also Read ACCA Experience by Asmita : Her Journey with ACCA

Ujjwal Ghimire

Student at Seed Financial Academy

My Journey with ACCA – Experience by Asmita Thapa

Our student shares her ACCA Journey an Experience in study.

A lot of young people are stuck, not knowing their purpose in life. They lack direction and often times, even a destination. They’re desperately worried for their career and future. Every career option seems fascinating, at the same time none seems convincing enough. Fresh out of high school, I was no different. Then ACCA rescued me from this dilemma.

I was referred into ACCA by a close family member who is an economist and a successful businessman. Neither I nor my parents had ever heard of ACCA before, but he convinced us that it is a very forward looking course and the right kind of course to suit my needs of a practical knowledge-oriented education. Initially I was lured by the foreign certificate I would attain, but what actually got me enrolled into ACCA was the flexibility it had to offer in its exams: the three months exam cycle, the computer based format and multiple choice questions. For a girl who believes she has big things in store for her and is willing to work hard for it, but is heavily struck by exam anxiety, I was relieved. Now I could pace my exams so as to fit my own needs of rebuilding my exam confidence.

In the first week itself, I knew accounting definitely was my field of interest, with logical and factual topics, even more interesting to me than what I learnt in +2 Science. I thoroughly enjoyed studying F1. Even amidst the chaos of my anxiety, I knew one thing for sure- all that matters eventually is knowledge and exams are secondary. When I learnt that in exams we were even given a formulae sheet including hard-to-memorize relations, I asked the teacher in utter disbelief why ACCA was being so lenient. He told that ACCA needs us to know how to apply the formulae, not rot-learn something one can google, copy and paste anytime. With that conversation, I knew I had not only chosen a professional course, but a way of life. I had found my passion. And all ACCA expected of me was to have a head full of concepts and be able to pour at least 50% of what I know in the exams. And even if I scored only the bare minimum to pass, I would still be treated with the same respect as those who score a 100%. When all the lecturers, fellow students and ACCA team itself are so motivating, uplifting, helpful and humble, it becomes easier to pick up the same traits of wanting to learn more, share more and treat everyone with reverence. It has helped me boost up my confidence a great deal, and I have been able to regain my esteem with every passing exam. Now I am aiming well above mediocrity in life, dreaming big and as ACCA suggests, “thinking ahead”.

Courses offered By Seed academy : See courses

ACCA on its part, never fails to show that it truly cares for us students- be it by regularly publishing articles and study resources on its website or by sending emails and newsletters reminding us to prepare well for exams or by organizing various events to equip us with skills required in future accountants. ACCA keeps regularly updating its syllabus to make it more relevant with time and to incorporate emerging topics in accounting. It has very well embraced digitalization through its CBE exam format. Not only that, it highlights the importance of ethics and emotional intelligence, the knowledge of which is very important to this generation of professionals that is slowly losing core human values and empathy to a money-minded business culture. ACCA has been constantly grooming us for real-life scenarios, not just for the workplace but for every walk of life.

I am amid my journey to being an ACCA and after completion, I am secure that I will become a responsible accountant and a worthy citizen of the globe. I hope to be able to give back to the ACCA fraternity in substantial ways by living up to the spirits of ACCA and advocating for proficient, ethical, humanitarian practices of accounting.

Want to know more about acca course : Resources of ACCA

Asmita Thapa

Student Seed Financial Academy

CA, ACCA and CPA… misconceptions and facts

“Chartered Accountant (CA)” is a very popular designation in Nepal and mostly in South Asia. However most of us might be unaware that there are so many other designations in the world such as Certified Public Accountant (CPA), Chartered Certified Accountant (ACCA), Public Accountants (PA) which are similar to CA designation and persons having those designations perform similar works as those done by Chartered Accountants. To clarify the misconceptions and spread the awareness of facts about these designations and the qualifications, I, hereby, have made some common and distinguishing points about some popular professional accountancy qualifications and related designations around the world.

Common Responsibility:

Whether called CA, CPA or ACCA, they all are Professional Accountants or Public Accountants whose primary responsibility is to act in the best interest of public. CA, ACCA or CPA is also the name given to the Qualification to become a Professional Accountant. There are many other names such as Public Accountant, General Accountants used to refer professional accountants in different countries.

Umbrella body:

These designations refer to the membership of professional accountancy bodies and those professional bodies are the member of international body called IFAC (International Federation of Accountants), also known as the mother body of accountants.

Auditing Right:

All designations mentioned above have the Public Practice Right (what we understand as audit in general sense) in the country of their origin. However for audit practice, the members need to hold Certificate of Practice (or other similar certificate) awarded by their professional body. Gaining public practice rights in other foreign countries is only possible if there is pathway. The pathway may exist as per the Mutual Recognition (bilateral) Agreement of the particular body with the local body or unilateral recognition/exemptions provided by body of the respective country.

Minimum requirement, different structure:

The criteria for awarding membership and practicing certificate vary from body to body but in common, all designation at least requires completion of Specified Examination and Practical Experience. However the structure of qualification, rules, subject matters, examination pattern, experience eligibility etc. of each body are different.

Employers viewpoint

Employers who have at least little awareness about these designations treat them as Par. For reference, here are extracts of two vacancies:

Announced by WTO (World Trade Organization) for the Internal Auditor:
REQUIRED QUALIFICATIONS (Education):
An advanced University degree in Auditing, Accounting or other related field with a financial orientation or a combination of a basic University degree with either a professional certification or proven professional expertise. A professional certification such as Certified Internal Auditor (CIA), Chartered Accountant (ACCA/CA), or Certified Public Accountant (CPA).

Announced by NRB (Nepal Rastra Bank) for Officer 3^rd Level:

Varied Recognition :

Though CA, CPA and ACCA are similar qualifications, in each country the value and recognition of one may supersede the other depending upon the market, market share of bodies, awareness amongst & preferences of employers, the legal status and the relationship with the national body, agreement with employers/govt. bodies/universities etc.

Awarding Bodies:

The most interesting fact is there is only one body (UK based Association of Chartered Certified Accountants) providing ACCA qualification all around the world whereas CPA and CA qualifications are provided by local bodies in various countries (for eg. CPA qualification is provided by American Institute of Certified Public Accountants (AICPA) in USA and by CPA Australia in Australia, likewise CA is provided by Institute of Chartered Accountants of India in India and Institute of Chartered Accountants of Pakistan in Pakistan)

No. of bodies in a country:

In some country there is a sole body which provides its members right for statutory audit however interestingly in some countries, there are two or more than two bodies having access to such right. For instance, in USA only AICPA is recognised for having statutory auditing right whereas in UK ACCA, Institute of Chartered Accountants of England and Wales (ICAEW), Institute of Chartered Accountants of Scotland (ICAS) and Chartered Accountants Ireland (CAI) have public practice right.

CA, CPA and ACCA in Nepal:

In Nepal, large no. of CAs from Institute of Chartered Accountants of Nepal (ICAN) & Institute of Chartered Accountants of India (ICAI), hundreds of ACCA members from ACCA, UK and very few CPAs from AICPA are working in industry and in practice. Only the members of ICAN have public practice right in Nepal. As of the date of publication of this article, there is no pathway for new members of ICAI and members of AICPA to get the membership of ICAN. However ICAN has mutual collaboration agreement with ACCA, UK which has provided pathway for members of ACCA for ICAN membership and public practice right. CA education is imparted by coaching centres accredited by ICAN whereas ACCA qualification is imparted by the Approved Learning Providers of ACCA. No tuition providers exist for CPA qualification.

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Category: ACCA