ACCA in Nepal, What is in it for me? It may be the first thing to strike on mind of young aspirants or professionals wandering around for stability and a well-paid career. With, rapid modern development some jobs are getting redundant while others are gaining importance. The advent of technology and other means are taking humans off work and many fret about finding a stable career. ACCA, might be the answer for those who are really looking for a serious career opportunity or growth. ACCA is a field of professional study offering a stable career and economic stronghold for ages and its acceptance along with popularity has accelerated over years.
As Multinational companies, cross border transactions and global trade expands – the demand of ACCA in Nepal and world, isn’t going to dACCA in Nepal, What is in it for me? It may be the first thing to strike on mind of young aspirants or professionals wandering around for stability and a well-paid career. With, rapid modern development some jobs are getting redundant while others are gaining importance. The advent of technology and other means are taking humans off work and many fret about finding a stable career. ACCA, might be the answer for those who are really looking for a serious career opportunity or growth. ACCA is a field of professional study offering a stable career and economic stronghold for ages and its acceptance along with popularity has accelerated over years. As Multinational companies, cross border transactions and global trade expands – the demand of ACCA in Nepal and world, isn’t going to dry up any time soon.
What’s in ACCA for Nepali aspirants?
The aspirants wishing to pursue a prestigious position in finance, auditing, taxation, investment analysis, management consulting, funds management and numerous sectors. The number of possibilities, it opens up for those willing to dedicate time are countless. The ACCA for Nepali aspirants can be a gateway path to securing positionsat international non-governmental organizations (INGOS) and multinational companies (MNCs) gradually establishing presence in Nepal and neighbouring INDIA. The range of different career choices and increasing amount of global trade can be seen as a positive for those pursuing ACCA in Nepal.
ACCA or Association of Chartered Certified Accountant is an accounting body with global recognition and capacity to provide Chartered Certification to anyone wishing to complete its Examination. The body carries an aim to become the world’s largest body in field of accounting and is an accepted qualification in more than 100 countries. There over 7000 approved employers and large numbers of learning partners under ACCA’s wings. The tremendous boom of ACCA across international borders, since its inception in 1904 proves it’s a top notch qualification.
How to become an ACCA in Nepal?
Gainingthe right to attach, ACCA as a designation to your name is same for everyone in the globe.The ACCA aspirants must have a set qualification eligibility demanded through a mandate set by Association of Chartered Certified Accountants (ACCA). The student must also complete the various levels along with respective examination to become an ACCA in Nepal or any destination where they wish to pursue it.
Eligibility for joining ACCA for Nepali Students
The Qualification required to pursue ACCA in Nepal or anywhere in the globe is 3GCSEs and 2 A levels during their schooling education. The requirement system translates to clearance of +2 examination held by National education Board of Nepal. Furthermore, it is mandatory for aspirants to have studied maths and English in their schooling levels. Aspirants of any educational background above high school education can join ACCA and enjoy benefits of getting their papers exempted with an exemption fee. The facility is available for those with Bachelor’s and Master’s degree holders.
Numbers of Examination to appear
The total number of papers for an aspirant high school degree holders (+2 and A level students) to appear in ACCA are 13. ACCA for Nepali students with bachelors and master’s degree allows skipping three papers – they are granted ACCA title subsequent to clearance of only 10 papers. The ACCA curriculum is designed and divided in three modules; knowledge, skill, and professional Level. The knowledge and skill level are jointly called the foundation level and is designed to teach fundamentals set of skills required to move on to professional problem solving. The professional level appearing subsequent to completion of skill level or second half of knowledge level also contains two sections. An essential section and Knowledge Level
The level consist of three papers in total for ACCA appearing hopefuls to complete. The exemption mentioned above are only available for these three papers.
Codes Paper Name
F1 Accounting in Business or AB in short.
F2 Management Accounting or MA in short.
F3 Financial Accounting or FA in short.
The skill level seeks to impart technical skills associated with the general management and technical skills taught in knowledge level. These are the bare bone technical areas and the accountant is expected to carry knowledge on.
Codes Paper Name
F4 Corporate and Business law or LW in short.
F5 Performance Management or PM in short.
F6 Taxation or TX in short.
F7 Financial Reporting or FR in short.
F8 Audit and Assurance or AA in short.
F9 FinancialManagement or FM in short.
Strategic Professional Level
The professional as the word outlines is required for a higher level of works at firms and seeks to impart accountancy knowledge of higher degrees via. its curriculum. The essential module mandates completion of 2 papers whereas optional module allows students to pick 2 papers from a choice of 4.
Codes for Essential Level Paper Name
P1 Strategic Business Level or SBL in short.
P2 Strategic Business reporting or SBR in short.
Codes for Optional Level
P3 Advanced FinancialManagement or AFM in short.
P4 Advanced PerformanceManagement or APM in short.
P5 Advanced Taxation or ATX in short.
P6 Advanced Audit and Assurance or AAA in short.
The Final Module and PER
The Ethics and Professional Module is the last of the thirteenth module required to successfully conquer ACCA qualification under their belt. The exam as per current qualified and working ACCA in Nepal is better, when appeared right after completion of the Knowledge Level. However, the students are allowed to completer this module which opens up after completion of the foundational level. Additionally, students need to complete the PER (Professional Experience Requirement) for becoming an ACCA member. The students are required to gain practical experience of 3 years and present it for becoming a member of the ACCA. The astounding benefit of joining ACCA is that the students can complete practical training required or PER during their time of study or after passing all the examinations.
Information on examination
The course duration for completion of ACCA students in Nepal in three years if the student passes all the papers with flying colors. However, the course can be completed in a time span of 10 years after joining ACCA at the ease of the examinee. The students are allowed to appear four examinations during each cycle and in each calendar year, students can appear exams of distinct categories. The examinee or students can appear examinations – Paper Based or Computer Based (CBE) – during one of the four cycles available in a year to students.
Cycle General period of Exam
March Session Start of January to End of March.
June Session Start of April to End of June.
September Session Start of July to End of September.
December Session Start of October to End of December
Cost of ACCA in Nepal
The cost of ACCA for Nepali aspirants along with aspirants all over the world is to be fulfilled in Great Britain Pounds. Approximate cost of completing ACCA for Nepali students lands in-between the range of 4 to 4.5 Lakhs depending on the exchange rate and capability to pass exams without back papers. The ACCA fees are subject to change and students are advised to follow ACCA global’s fee section.
Learning more about ACCA in Nepal
TheACCA students in Nepal can contact the information desk at any of the Approved Learning Partner (ALPs) and CBE institutes registered with ACCA for fees. For further information, students can also contact theACCA Office in Nepal’s information desk.
ACCA Office in Nepal
Phone number: +977 – 01 – 4416767
Address : Moksh Apartment, Naxal Narayanchaur, 122 Bhagwan Marga