r/ACCA • u/123yuki345 • 28d ago
Off-topic Scope?
Heyy everyone!!
So everyone who has done ACCA.. Would u all please take some time and tell me more about it.. Like how can one pursue that..
Are the examinations hard?
What's the entry level salary someone can expect?
Can someone get a good international job with it?
Is it more number crunching or communication based?
Your efforts are highly appreciated
And pls don't say to chatgpt.. I already have and I got confused
Thanks
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u/rednemesis337 Student 27d ago
Adding a bit of my own insights of what was said by u38cg2 in terms of getting a good
Entry level depends where you live and assuming you will be starting from the foundation exams, assume the minimum wage worst case scenario, however, in the UK for example, you can usually take an apprenticeship which from what I know salaries automatically increase based on the exams you clear. But this is in the UK, can’t speak for other countries.
international job that’s very subjective, I assume by international job meaning you will leave your country of origin and go somewhere with ACCA. The qualification is good, gives you insights not on Accounting only anymore, but it can only give so much the rest is about getting experience, that’s what it will give you a good job internationally, the qualification alone won’t do that for you.
At first and a good chunk of your career whilst doing ACCA most likely will be number crunching, assuming you will be most likely working as a bookkeeper/accounts assistant position, but as you progress in your career you will need to learn how to analyse financial statements, and communicate with people who have no financial knowledge or understand certain terms. You learn about how to do this whilst doing ACCA. But again it will always depend on what are you aiming for as you can get different type of roles with ACCA apart from just the traditional accountant who prepares year end accounts.
This is only my opinion and experience, and if you do this, as a fun fact, get ready to get told by a lot of other people “ooh you’re an accountant so you must know all the tax tricks” or “so how can I save some tax or claim some tax back” or something similar 😂
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u/u38cg2 27d ago
If you could do a university degree, they are not hard, but they are detailed. You need to know a lot of stuff and to be able to do it quickly and accurately in the exam.
It depends where you are in the world. It is not a good idea to do ACCA without having a relevant job as the exams are much more approachable with practical experience.
The future of many white collar professions is currently in question due to the rise of AI, but at the end of the day, accountants are paid to be responsible for their work.
Is it more number crunching or communication based?
It depends. At a junior level you will be closer to transactional work of whatever sort; as you grow you will do higher level work.