7 Common Myths About ACCA That Prove It’s a Top Career Choice After 12th Commerce

What We'll Discover Is Here!

After 12th commerce, are you still not convinced if ACCA is the best course of action? A lot of parents and students have common misconceptions about this subject that may be preventing them from choosing wisely.

Many traditional job possibilities are finding it difficult to remain relevant in the fast-paced, digitally-driven corporate environment of today.

However, accounting? That's another matter entirely.

This occupation is becoming stronger rather than weaker. Globally renowned accountants are becoming more and more in demand. Even though technology is transforming the financial industry, accounting's function is timeless. To handle their financial operations, businesses of all sizes will always need qualified experts.

Any company, especially smaller businesses and start-ups to large companies and global conglomerates, depends on a competent finance team to manage essential functions like bookkeeping, compliance, and reporting. Certified accountants are constantly in demand, whether the company is in retail, finance, or even tech behemoths like Google.

The accounting industry has changed dramatically over time, and the ACCA certification is now a widely accepted international standard for professional excellence.

If you’re a student—or a parent considering job choices beyond 12th commerce—this could be the perfect route to a flourishing career in finance. Decision-making is frequently hampered by ACCA myths and uncertainties, though.

Let's dispel seven common misconceptions about ACCA and examine how this certification can lead to long-term professional advancement and worldwide chances.

ACCA: What is it?

Some of the most famous credentials in the auditing and finance sectors is provided by the Association of Chartered Certified Accountants (ACCA), a globally renowned company that established itself in 1904. An ACCA accreditation, which is well-known for its worldwide reputation and professional credibility, can open up a variety of fulfilling employment options in a range of industries. Some ACCA professionals start their own profitable consulting businesses, while others advance to high leadership positions as chief financial officer (CFO).

The ACCA curriculum blends the development of practical skills with extensive theoretical understanding. Students receive instruction in professional procedures, analytical tools, and contemporary accounting methods, equipping them to make wise career decisions and function well in any type of corporate environment. Graduates are proficient, self-assured, and globally competent accountants.

The 7 Common myths about the ACCA

The 7 Common myths about the ACCA

MYTH 1: Only those who intend to work overseas should take the ACCA

This belief is partially misleading and partially true. With the ability to work in more than 180 countries, ACCA is widely acknowledged as a global standard for accounting excellence. An Indian accountant with ACCA certification can easily explore employment abroad without requiring further certificates. Using ACCA-certified experts is highly valued and frequently preferred in countries like the UK, USA, Australia, and Singapore. However, owing to its high recognition in the marketplace and demand across sectors, the credential can be relevant for establishing an excellent livelihood in India.

MYTH 2: There is no placement assistance provided by ACCA

There is no truth to this at all. In addition to a specialized job portal where recruiters from India and outside frequently post openings for roles ranging from entry-level to senior positions, the official ACCA website offers a strong worldwide network of qualified professionals. The site also provides users with useful tools to assist them improve their abilities and maintain their competitiveness in the labor market.

Groups that offer thorough placement aid, such as iProledge, reinforce this support even further. Students receive individualized advice to help students secure the best chances and realize their career objectives, from creating resumes and practicing interviews to setting up meetings with possible companies.

MYTH 3: Professionals in ACCA Make Less Money Than Other Accountants

This presumption is false. Prominent companies aggressively seek out ACCA-qualified experts and pay them according to industry norms, including the Big Four enterprises. Annual packages for freshmen with little to no experience can range from INR 3 to 6 lakhs, depending on the company's profile and the position's location. Even while the starting salary could be marginally less compared to that of certified public accountants, the difference closes considerably with experience, and eventually both degrees might fetch comparable compensation.

The starting salary of skilled ACCA experts typically ranges from INR eight to fifteen lakhs, while precise amounts depend on training, specialization, and negotiating abilities. Income potential keeps increasing as one advances into senior roles.

MYTH 4: This is Very difficult to Pass the ACCA Accounting Exams

Although ACCA tests are meant to uphold a high level of professionalism, passing them is by no means a guarantee. The first four multiple-choice exams are available for on-demand study, so students can get ready at their own speed before taking them. Planning a systematic study program is made easier by the fact that the remaining tests are scheduled four times a year and that candidates may take up to four papers in a single session.

As ACCA exams don't include grouping-based papers like CA exams do, there is less pressure to retake the whole class if a single topic fails. Many students pass their papers the first time around if they have a solid grasp of the material, a well-organized schedule, and diligent preparation.

MYTH 5: Only Graduates Can Take the ACCA

It's a misconception. If they achieve the requirements, which include receiving 65% in English and mathematics and an aggregate average of 50% in the other disciplines, students who have finished their tenth or twelfth grade can also apply to the ACCA program.

The ACCA provides an entry-level Foundation program as a means of obtaining the primary qualification for individuals who do not fulfill these prerequisites. It's even feasible to obtain your ACCA certification by the time you graduate with the right preparation and commitment, which will save you time and effort while establishing a professional career.

MYTH 6: There Aren't Many Career Opportunities with ACCA

The actual situation is completely different. With its extensive and globally applicable curriculum, ACCA prepares students for a range of careers in finance, accounting, and business management. In order to succeed in the corporate cultures of global corporations, such as the Big Four enterprises, the training also emphasizes the development of adaptability.

You can examine a variety of job profiles as an ACCA member, including:

• Analyst of Finance

• The auditor

• Tax Advisor

• Accountant for Management

• Manager of Risk

• Manager of Finance

• Consultant for Business

  
  

The qualification is a crucial credential for long-term professional progress because it not only increases job alternatives but also offers global mobility.

MYTH 7: The cost of ACCA is too high

Many people believe that earning the ACCA certification is quite expensive, frequently without checking the true costs. When compared to other professional programs, such as earning an MBA or even a CA license, the costs are actually rather affordable. Additionally, the investment is a cost-effective option for long-term career progression because it closely matches the income potential that ACCA-qualified individuals can attain early in their careers.

Details of the iProledge ACCA Course

• A well-designed ACCA program with 13 subjects spread across three progressive levels is available from iProledge:

• Useful Information

• Useful Skills

• Professional in Strategy

• To ensure that students can easily adjust to corporate contexts, an extra Ethics and Professional Skills program is added to assist them build critical professional competencies.

• Available Exemptions:

• Eligible for specific paper exemptions are graduates and holders of pertinent certificates.

• Graduate students are exempt from the first four papers.

• Candidates who meet CA requirements are exempt from the first five papers.

• Candidates with a CMA certification: Up to seven papers may be waived.

• Those who hold a BMS degree are exempt from the first four papers.

To sum up

Particularly for students who are enthusiastic about accounting and finance, ACCA stands out as one of the most fulfilling professional programs offered following 12th grade commerce.

The curriculum gives students the tools they need to successfully navigate a competitive employment market with its thorough training and emphasis on both technical knowledge and practical abilities. Graduates are globally trained accountants who are prepared to establish themselves and have a prosperous career in the field.