Steps to Become an ACCA, Expected Salary, Eligibility, and More

Starting your journey to becoming an ACCA (Association of Chartered Certified Accountants) requires a strong understanding of finance, accounting, and management. Top global companies highly value ACCA-certified professionals. By following the right steps here, you can navigate the process smoothly with all the essential information at your fingertips.

What is ACCA?

ACCA (Association of Chartered Certified Accountants) is a globally recognized qualification in accounting, finance, and business management. It provides a structured path for individuals to become certified accountants through a comprehensive curriculum covering key areas such as financial accounting, management accounting, and taxation.

The ACCA course is well-structured, consisting of multiple levels and modules. Candidates must pass a series of exams at each stage while also fulfilling the Practical Experience Requirement (PER) under the guidance of a qualified mentor.

With global recognition, ACCA-certified professionals are highly sought after by employers across various industries. The qualification emphasizes strong ethical standards and professional values, ensuring candidates are well-prepared for diverse career opportunities.

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How to Become an ACCA Professional?

Becoming an ACCA-qualified professional is a significant milestone for those aspiring to build a successful career in accounting and finance. This globally recognized qualification offers excellent job opportunities with competitive salaries. Below is a step-by-step guide to achieving the ACCA certification.

1. Research and Understand ACCA

Before starting your ACCA journey, it’s essential to gather information about the exam structure, eligibility criteria, global recognition, and career opportunities. Understanding the qualification in depth will help you make informed decisions and plan effectively.

2. Check Eligibility

Ensure that you meet the eligibility requirements for the ACCA course. Proficiency in English is crucial, as the exam is conducted in English worldwide. For a detailed breakdown of eligibility criteria, refer to the official ACCA guidelines.

3. Register as an ACCA Student

Once you confirm your eligibility, the next step is registration. This process requires you to submit personal details and necessary documents, so keep them ready in advance to avoid delays.

4. Plan Your Study

The ACCA Syllabus is comprehensive and demands consistent effort. The self-paced nature of the course allows you to study at your convenience. To succeed, create a structured study plan, covering topics in accounting, finance, taxation, and business management. Regular practice and revision are key to mastering the subjects.

5. Pass ACCA Exams

ACCA exams are challenging, with multiple modules at different levels. To enhance your preparation:

• Study past exam papers

• Use revision kits and mock tests

• Develop time management and exam strategies

Exams are conducted at designated centers worldwide, ensuring accessibility for candidates globally.

6. Gain Practical Experience

Apart from clearing exams, ACCA mandates a Practical Experience Requirement (PER). You must gain relevant work experience in accounting, finance, or related fields under the guidance of a qualified mentor. This hands-on experience enhances your skills and makes you job-ready.

7. Apply for ACCA Membership

Once you pass all required exams and complete the PER, you can apply for ACCA membership. Being an ACCA member gives you global recognition and exclusive benefits, such as:

• Networking opportunities

• Career support services

• Access to professional development resources

8. Continue Professional Development (CPD)

To stay updated with industry trends, regulatory changes, and new financial strategies, ACCA professionals must engage in Continuous Professional Development (CPD). Participate in:

• Workshops and seminars

• Online courses

• Industry training programs

CPD ensures you remain competitive and relevant in the ever-evolving financial sector.

9. Career Progression with ACCA

With an ACCA qualification, you can explore career opportunities in accounting, finance, auditing, risk management, and taxation. Many professionals advance their careers through:

• Promotions and leadership roles

• Job rotations across industries

• Specialized finance certifications

Leverage ACCA’s global reputation to unlock new opportunities and achieve your professional goals.

10. Ethical Leadership and Professional Values

As an ACCA professional, maintaining ethical integrity, transparency, and accountability is vital. Upholding ACCA’s ethical code strengthens your credibility and ensures trust among employers, clients, and stakeholders.

By following these steps, you can successfully become an ACCA-qualified professional and build a rewarding career in the global finance industry.

ACCA Expected Salary

The salary of an ACCA professional varies based on factors such as location, industry, experience, and job role. Due to their expertise and global recognition, ACCA-certified professionals typically earn competitive salaries.

• In the UK, entry-level ACCA professionals can earn between £20,000 to £35,000 per year.

• Experienced ACCA members with several years of expertise can earn £60,000 to £100,000 or more, depending on their specialization and seniority.

• In financial hubs like London and Dubai, salaries tend to be higher due to strong demand for ACCA professionals.

In emerging markets, ACCA salaries align with local industry standards but still offer a competitive edge due to ACCA’s global reputation. 

With experience and specialization, professionals can command higher salaries in roles like Finance Manager, Financial Controller, or Chief Financial Officer (CFO), where strategic insights and financial expertise are highly valued.

ACCA Eligibility

To enroll in the ACCA qualification, candidates must meet certain eligibility requirements:

Educational Qualifications: Candidates typically need a minimum of two A-levels and three GCSEs (or equivalent) in five subjects, including Mathematics and English. ACCA also offers exam exemptions for those with relevant degrees in accounting or finance.

English Proficiency: Since ACCA exams are in English, candidates must demonstrate proficiency through recognized tests like IELTS or TOEFL, unless they have completed their education in English.

Age Requirement: There is no age limit for ACCA enrollment, making it accessible for individuals at any career stage.

Registration with ACCA: Once the eligibility criteria are met, candidates can register as ACCA students and begin their qualification journey.

Exemptions: If you have prior qualifications in accounting or finance, you may be exempt from certain ACCA exams, helping you complete the course faster. 

How to Qualify for ACCA?

Becoming a certified ACCA professional requires dedication and following a structured process. The following are the steps to achieve ACCA qualification:

1. Register as an ACCA Student

Start by signing up with ACCA and paying the registration fee. Once registered, you’ll get access to official study materials, online resources, and student support to guide you through the journey.

2. Pass the ACCA Exams

The ACCA qualification consists of multiple levels with exams covering key areas such as financial accounting, management accounting, taxation, and business strategy. Use ACCA-approved study materials and prepare thoroughly for each exam. These exams are conducted globally at designated test centers, and you must clear all required papers to advance.

3. Gain Practical Experience (PER)

Besides passing exams, you must complete the Practical Experience Requirement (PER). This involves working in accounting, finance, or related fields under a qualified mentor. Gaining hands-on experience ensures that ACCA professionals have both theoretical knowledge and practical skills.

4. Complete the Professional Ethics Module

ACCA requires candidates to complete a Professional Ethics module, which focuses on ethical responsibilities and professional conduct. This step reinforces ACCA’s commitment to integrity and prepares you for real-world ethical challenges.

5. Apply for ACCA Membership

After passing all exams, fulfilling the practical experience requirement, and completing the ethics module, you can apply for ACCA membership. This marks your official recognition as a qualified ACCA professional, respected worldwide for your expertise.

6. Continue Professional Development (CPD)

Once you become an ACCA member, learning doesn’t stop. Stay updated with industry trends, regulations, and new technologies by participating in Continuing Professional Development (CPD). ACCA offers workshops, webinars, and online courses to help you grow and maintain your professional excellence.