What is ACCA accreditation and how can it benefit your career?

Sound financial management is at the core of all businesses. The ACCA Qualification is structured to be versatile and bring a level of expertise to all sectors so Chartered Certified Accountants are always in demand.

The average salary of an ACCA Chartered Accountant in London is £52,000. A part-qualified ACCA Chartered Accountant (ie, a Bloomsbury graduate who is continuing to pursue ACCA Chartered Accountant status) can expect to earn around £28,000 – £33,000.

The ACCA qualification is one of the most prestigious and widely acknowledged accountancy qualifications. Once you have completed the qualification and become a Member, you are entitled to use the post-nominal letters ACCA (Associated Certified Chartered Accountant), and, after five years of membership, you may be eligible to use FCCA (Fellow Certified Chartered Accountant).

Accountancy is constantly evolving, so staying current with the latest developments across the profession is essential. As an ACCA Member/ Student, you will be required to complete Continued Professional Development (CPD) to retain your Chartered Accountant status and many courses and conferences will be provided by the ACCA as part of your membership.

Our Accounting & Finance undergraduate degrees are accredited by both ACCA and CIMA (the Chartered Institute of Management Accountants). Though the bodies’ focuses differ slightly, both organisations are highly respected internationally and membership of either will help you to succeed in the accountancy profession.

The ACCA Qualification is ranked Level 7, the same level as Master’s degrees. Officially, you can begin the ACCA Qualification with two A-levels and three GCSEs, however, you do need three years of accountancy work experience in order to complete the qualification and you are much more likely to be offered a relevant role with an Accounting and Finance degree.

There is no definite amount of time to complete the ACCA Qualification. For most people, the ACCA is completed in three years, as it requires three years’ experience in a relevant role, but the examinations themselves can be completed in two years. There is a 7-year limit to completing the ACCA Qualification.

To be a part qualified ACCA you must be enrolled as an ACCA Student and have passed 9 of the 14 papers required to become an ACCA Member. If you have successfully completed the relevant modules of our BA Accounting & Finance course, and enrolled as an ACCA Student, you are already a part qualified ACCA.

ACCA Membership costs £122 for a full year (January – January). When you first enrol as an ACCA Student, you will also be charged an Initial registration fee of £89.

The ACCA also charges £143 – £365 for examinations and £98 – £123 for exemptions.