How to choose the best ACCA college in Nepal?

Many of us battle to pick a correct career path after 10+2. This is generally because until high school we don’t generally think about our career/interests and even if we did, with so many choices available we get unsure about ourselves. Once the high school studies are over, we start planning on what we want to do with our careers. This is a big life decision as a college degree helps decide what we do in our life. Thus, it is important to consider the qualification that is relevant, well-recognized globally, and in high demand which empowers you with 21st-century skills. So how do you choose the ideal best Acca college in Nepal for you with many options available?

Best college to study acca

One of the worthy choices accessible is to become a Professional Accountant with ACCA (The world’s most forward-looking professional accounting bodies in the world).

The ACCA (Association of Chartered Certified Accountants) is a global professional body providing profoundly respected and valued international qualifications in accountancy, finance, and business. ACCA is the largest and fastest-growing international accountancy body, with over 486,000 students and 200,000 members in 179 countries. The qualification is so much lucrative because the skill sets it offers through the highly relevant and updated syllabus is in growing global demand which equally applies to Nepal. In other words, there is a huge scope of ACCA in Nepal and abroad.

Now if you have chosen or thought of pursuing ACCA as a career, you will inherently have confusion on choosing the right college. Here is the important list of things you should consider as your criteria for choosing the ACCA college in Nepal to complete your professional studies and shape a beautiful career in accountancy and finance.

Is the College in Nepal approved by relevant Authorities?

The first and foremost criteria to consider is whether the College has been approved by relevant authorities in Nepal. Prior, the Ministry of Education used to grant such approval but now, it comes under the authority of the provincial government to grant these approvals. This approval guarantees you that the college is genuine and can be relied upon since there have been cases in the past where colleges have been shut down by authorities leaving hundreds of students stranded. This approval also assures you that the college has been registered and paying applicable taxes to the government. You can demand the respective college for the approval letter just for your solace. Here is a snapshot of how the approval looks like:

Is the College a registered tuition provider approved by ACCA for Nepal?

The second most criteria to consider is whether the college is a registered tuition provider approved by ACCA. Various institutes have been running ACCA courses in Nepal without legitimate approval from ACCA. They have been operating merely without proper physical infrastructure and reasonable assurance about the quality of education. The list of colleges approved by ACCA can be found on the ACCA website

Physical Infrastructure

The physical infrastructure of a college plays a pivotal role in the learning and development process. The colleges need to have a better physical infrastructure with advanced libraries, parking areas, computer lab, digitally equipped classrooms to provide a state-of-art learning environment. You must look at the classroom learning environment as this is where you will spend most of the time at the college. Make sure the learning environment is good and common spaces and study areas are adequate. The best way to find out is to take a college tour during your visit and reach out to college officials with any follow-up questions.

Pass rates

Pass rates are one of the most important indicators of how good an ACCA College and high pass rate assure the good quality of education. You may make an enquiry about previous pass rates for different ACCA papers with the college along with official evidence substantiating the same. Further, you may compare the pass rates of the college with Global pass rates from the official website of ACCA.
Alternatively, the number of Nepal rank holders and World Rank Holders produced by different colleges for various ACCA papers can be looked at to get an idea about the quality of learning. It is preferable to look at the current statistics since the more recent the rank holders are produced, the more relevant it is to identify the best college to study ACCA.
If the college fails to provide a clear representation of ‘global vs college’ pass rates or have the pass rates below the global pass rate, you should seriously reconsider the college

Management Team

The role of management starts from the first time you enter the college, i.e. when you step in to know more about the course or for admission procedures. A good management team gives you correct and proper information right from the initial stage. Do not believe in whatever you have been told, so it is best to equip yourself with enough and the right information. More information about the course can be accessed here.
Apart from the information given to you, research about the Management Team of the college and enquire about the focal point of contact and if they are qualified enough to give you proper guidance about the course and support. In a professional course, the Management Team plays an important role in guidance about how to progress with your studies and the career.

The College Faculty Team

Does the college have highly qualified Tutors, or do the Tutors seem to be amateurs?
To make sure you are getting the best possible education, you need to study with highly educated teachers that not only have experience teaching but also real-world skills. Please check the profile and teaching experience of the teachers. Sometimes it is best to get suggestions from a student who is already studying at a particular college. Also, enquire about the depth of the team and if the specialist teachers are teaching a particular paper. Avoid colleges where a number of subjects are taught by some individuals without actually being a specialist.

Learning environment and support

The learning environment, be it infrastructure-wise or support from the Management and the team of Faculties plays an important role in the overall progress of an ACCA student. As said earlier, see it for yourself if the college has adequate infrastructure like a library, study areas, availability of tutors outside the classrooms, digital support, and sound space to give students a college-like experience rather than an institute. Empirically speaking, there is a direct relationship between college infrastructure and educational performance. Therefore, you should seriously consider the support and learning environment. Get advice from seniors on support from the management and tutors on overall progression.

Fee structure and payment options

Unless you already have a large savings fund, the cost is probably an important metric for you. Some prospective students may look at pricier college, but for others, it’s important to choose a qualitative yet affordable college. It’s very important that you enquire about the total cost of the course and understand it very well. There are two components to the total cost of the course, one payment to the college as Course Fees and other the payment to ACCA as exam fees, registration costs, subscription fees etc.
You must not be fooled by colleges claiming our Fees are the lowest as sometimes they do not clearly explain to you the cost-related. They often hide the subscription fees paid to ACCA which brings down the total cost of the course by almost Rs 50,000. Also, check the payment options available, bulk fees at once (aka package-based payment) will tie you down to the same college if you are not satisfied with their quality of teaching. ACCA is a very flexible course, it is advisable to pay on instalments (paper-based payment) for the papers you are going to study so just in case if you are not satisfied you can move to a different institution without any hassle.

Learning Resources

Majority of the learning resources for an ACCA course is accessible from its official website. Many colleges provide you with just ‘Textbook and Revision Kit (Question bank) as the learning resource, which is often insufficient to pass your ACCA exams. You should enquire with the college the range of learning resources they provide to student, apart from Text-Book and Revision Kit. You should choose the college provide students with purchased exam-style simulation tests, important slides, notes and access to books of various publications without any additional charge. The more access to learning resources and learning support it is easier for you to pass your exams.

Employability and placements

If you worry about finding a job when you finish your ACCA or consider getting work experience as the course demands, i.e. 3 years of relevant work experience to qualify as a professional accountant you should consider the college you choose for your studies. A good college is where you are exposed to a great network of employers and professionals (Friends, Seniors or Tutors). You should consider the choices you have and choose the best among them to get support and relevant experience as early in your career.

Some of the colleges in Nepal have a great pool of employers connected as partners and have signed MOUs with. These colleges have excellent job placement programs, assisting their students in making the transition from student to employee, and helping them find jobs after graduation. They go as far as providing campus placement and employability skills programs. These are the colleges you must choose because they do not only limit to giving quality education but also give you the best chance of progressing with your career

Apart from these, you could also enquire about financial aid, reputation, extra-curricular activities and location. You can check the college websites and other social media handles for various information. However, the above-mentioned factors are vital and you should carefully enquire, visit and compare them before you make your final college decision.

acca qualification in nepal

Study ACCA qualification in Nepal

The Association of Chartered Certified Accountant (ACCA) is a leading global accounting body based in the United Kingdom offering ACCA qualification around the world. ACCA qualification serves as one of the best career options for students who are determined to become competent accounting and finance professionals. With the ACCA qualification, you can discover a world of opportunities on various roles in accounting, finance and business management.

ACCA qualification has 110 years of history delivering values and preparing qualified accounting professionals. That’s why employers all around the world trust ACCA qualification as a ‘seal of approval” in the field of accountancy and finance.

Reasons to choose ACCA Qualification in Nepal

1.Worldwide Recognition

ACCA is an internationally recognized global accounting body with 208,000 members and 503,000 students in 179 countries around the world. This means, once you have successfully completed the ACCA qualification, you become part of a globally recognized accounting body.

Every organization needs an accountancy and finance professionals to run them efficiently. ACCA professionals are in high demand by employers in the industry, banking, auditing, consulting and other professions like taxation and law. With ACCA qualification, you can travel and work anywhere in 179 countries. ACCA has partnered with ACCA Approved Employers who provide a working opportunity for ACCA members and trainees. ACCA has more than 7400 Approved Employers globally. Further, there are more than 80 accountancy partners worldwide that help to find the job for  ACCA professionals through the ACCA career job boards.

2.Practical work experience

The ACCA qualification not only focuses on theoretical knowledge but also on practical application of knowledge. Students must go through 3-year practical experience (internship) under certified Accountant professionals to be eligible for an ACCA qualification. By this time, students will have diverse knowledge and understanding of various areas of Financial Management, Taxation, Audit and Assurance, and Financial Reporting. In addition, students need to complete 20 hours of online training on “Ethics and Professional Skills Module”. So, ACCA professionals can carter their technical skills and professional values to drive the growth of a company. That’s why  ACCA professionals are highly qualified and regarded worldwide for their in-depth knowledge and practical work experience.

3.Flexible Study Options

Studying ACCA qualification offers many options for students. You can study full time, part-time, in-class or over the internet, at their own pace. You can study with ACCA  “Approved Learning Partner” (ALP), face to face with tutors, take an online class or choose a mix of three at your convenience.

You can enroll in an “Approved Learning Partner” as a full-time student to complete the course as soon as possible. Working professionals can organize their own time and can study part-time. Furthermore, you can study online through ACCA X.

It offers flexible options for students to learn through different channels. For example, you can attend a classroom for certain papers, and take an online class for other papers. In addition, you can get an opportunity to get additional qualifications – a BSc degree from Oxford Brookes University and an MSc degree from the University of London through your journey to ACCA qualification.

ACCA qualification exams are held quarterly. Students must pass 13 exams to get the ACCA qualification. Students have flexible options to take an exam on their preferred time and simultaneously carry out their work experience. They can also take an exam in their chosen field as there are ranges of subjects available to specialize in:

  • Advanced Financial Management
  • Advanced Performance Management
  • Advanced Taxation
  • Advanced Audit & Assurance

4.Career Progression

Research shows that building professional networks lead to more job opportunities, deeper knowledge, improved quality of work and job satisfaction. ACCA qualification gives you access to a global network and ample opportunities for career progression. Upon getting ACCA membership, you will have access to thousands of professionals globally on the ACCA LinkedIn Network, where you can connect with fellow ACCA professionals. Similarly, you will have a global networking opportunity among fellow students through the ACCA Virtual Learning Community.

Having ACCA qualification opens doors to outstanding careers in accounting, finance, and senior business management positions. ACCA qualification follows international accounting standards. Also, ACCA professionals have a better understanding of the rules and laws of accounting practice worldwide. In addition to knowledge, employers are looking for soft skills in prospective employees. Various skills such as communication skills, interpersonal skills, ability to work in a team, leadership skills among few. The best way to learn soft skills is through work experience. What sets apart ACCA members from other professionals is their 3-year work experience to get ACCA qualification. Up to this time, they have a better understanding and experience of working culture and corporate systems which is beneficial for their career progress.

ACCA qualification emphasizes continuous improvement, high performance, and consistent achievement to become a better accounting professional. Every year, ACCA professionals must do Continuous Professional Development (CPD) training as part of ACCA membership in order to keep up to date with the latest knowledge and skills in accounting and financial practices. These practice helps to bridge the skill gap and equip professionals for their career progression.

5.Quality Assurance

The resources ACCA qualification provides meet the high standard. Upon joining the ACCA course, you will have access to online resources, study guides, past papers, and study guides. You will have 24/7 support in an online learning community. Furthermore, the course is taught by highly qualified ACCA professionals.

ACCA regularly look into Approved Learning Provider(ALP) that are specially selected under ACCA supervision. Seed Financial Academy is one of the ALP’s that offers the ACCA qualification in Nepal as per the standard approved by ACCA.

Moreover, the incorporation of the concept of 3Es: Exams, Experience and Ethics as the core elements of ACCA qualification will prepare an outstanding accounting professional. No doubt, the achievement of these elements supports your professional growth.

Study ACCA qualification in Seed Financial Academy

Seed Financial Academy was established to address the need for quality and result-driven teaching of professional courses like ACCA qualification in Nepal. Students currently struggle to access the resources and support required to succeed in professional courses, with academic courses dominating the curriculum. At Seed Financial Academy, we are dedicated to the provision of eminent professional education at our state-of-the-art campus, with interactive, tech-based learning. Our mission is to coach students, not only academically, but prepare them for successful professional careers with our complimentary courses in interpersonal skills, resilience, and personal development. Currently, we offer courses on:

  • The ACCA qualification
  • Diploma in Accounting and Business Foundation in Accountancy (FIA)
  • B.Sc (Hons) in Applied Accounting
  • Diploma in International Financial Reporting Standards (Dip IFR)

If you have any questions, you can visit our Frequently Asked Questions (FAQs) page or Contact us at: +977(1)4410113.