ACCA from Scratch: A Complete Guide for 10+2 Students

Completing the 12th is one of the most significant achievements in your academic career. While there is a lot of excitement in the air, it is the time to make your career decision. Also, with the growing popularity of ACCA, a number of Nepalese students are attracted to this qualification and want to launch a successful career. However, many do not know how to begin ACCA from scratch after 10+2.

This comprehensive blog explores the key aspects of starting an ACCA course and how to embark on your journey for the past with flying colours. By the end, we also cover the topics, including why you should enrol in it after the 12th, along with the career options that ACCA brings to the table.

Why Choose ACCA After The 12th?

Why Choose ACCA After The 12th

The Association of Chartered Accountants is a professional course that is designed to equip you with the comprehensive knowledge, skill and professional value needed to excel in the field of accounting, finance and business management. That said, following completion of +2 students have plenty of advantages of joining ACCA, which are as follows.

1. Global Recognition and Opportunities

As ACCA is recognised on a global level, this qualification ensures your value in many countries. Becoming a graduate of ACCA, you are well-prepared to succeed in the desirable role of accounting, financial management, auditing, consulting and more. This opens a door of opportunities for international placement and working in multinational companies.

2. Self-learning or coaching mode

One of the major benefits of choosing ACCA after 12 is its flexibility to choose either self-learning or coaching. The goal of this curriculum is to provide fundamental concepts and techniques of finance and accounting, including auditing, taxation, reporting and business analysis. ACCA also allows study at your pace and balances education with other commitments.

3. Potential for Higher Earnings

After completing ACCA from scratch, you obtain the qualification equivalent to a Master’s degree. The individuals with this certification are in greater demand and can also expect higher earnings. Furthermore, companies seek to tie themselves with ACCA professionals due to their in depth- knowledge, skill and a high level of expertise and commitment to succeed in their long-term careers.

How to start ACCA from Scratch After The 12th?

How to start ACCA from Scratch After The 12th

By now, you must be crystal clear as to why choosing ACCA benefits you for a rewarding career in accounting and finance. However, the ACCA course is a structured and extensive program that requires a systematic approach to succeed. If proper processes are followed and you dedicate yourself, rest assured about a bright future. Now, let's get into some more specific details of the steps for starting ACCA from scratch right after the 12th.

1. Confirm your Eligibility Criteria

There is no specific degree requirement to be considered eligible for ACCA. As you pass your 12th from a recognised board, meet certain age criteria, and have a good command of the English language, you can directly enrol in the program. Besides, you might also need a strong mathematical understanding to overcome challenging financial concepts.

2. Establish Core Concept

Given the ACCA covers a wide range of topics, it is recommended to establish a strong foundation early. To do this, you do a thorough study of the fundamental concepts and calculations across all subject areas. As prospective students, proceed to the advanced case studies part only after the fundamentals are properly understood.

3. Register Early

After completing 12th, it is a fair idea to register for ACCA as soon as you can. By registering early, you can prepare for exams and take applied knowledge level exams in your late teens while the concepts are still clear in your mind. As you attempt the ACCA exam during your undergraduate years, it can help lessen the burden of workload and stress later on. Securing exemption is also a wise choice.

4. Understand Exam Module

Another requirement here is to figure out the exam module. This means you must know aspects of initial Applied Knowledge examinations before you try out the six applied skill papers that utilise case study approaches, which necessitate the use of technical knowledge. In general, there are two levels of qualification, made up of a total of 12 exams. The first level is Applied Knowledge, which includes three exams; Applied Skills, with 6 exams; and Strategic Professionals, which has two mandatory exams and two optional exams.

5. Decide on Self-study or Coaching Options

When preparing for the ACCA, you have the option to learn independently or through coaching. This means the schedule of the class and timing can be adjusted as per your needs. Here, you can opt for self-study if assured about your abilities, while coaching classes are recommended to clear the tough, skilled-based applied paper.

6. Prioritise Mock Test

Last but not least, regardless of your chosen study method, make sure you attempt past ACCA exam papers within the time settings. If you prefer the self-learning method, then you can go for the online mock exam through the ACCA’s network of approved content providers. By doing this, you can comprehend your preparedness for exams and areas for improvement while enhancing your test-taking speed and preventing the repetition of the same errors.

ACCA Eligibility After 12th Grade

Once you understand what benefits ACCA offers, you might want to know the ACCA eligibility criteria, which is undoubtedly the first step toward joining this globally recognised course. The following breakdown is the step-by-step requirement for ACCA.

1. Educational Qualification

ACCA doesn't have such a degree requirement; thereby the course is available to all the students who have cleared their 12th or equivalent from the recognised board. The minimum score requirement is 65% in two subjects in two subjects out of five, while 50% is considered to be enough in the remaining three topics, such as Accounting and Mathematics.

2. Minimum Age Requirement

Similar to educational qualifications, ACCA after 10+2 also doesn't have a specific age requirement in Nepal. However, candidates need to be of minimum working age in many countries. This is crucial to meet the requirement to gain practical experience and a pathway to becoming a full member.

3. English Language Proficiency and Mathematical Skills

Proficiency in the English language is another requirement here. As all the exams and study materials are in English, meeting a good level of English ability is essential. In case your English is not your first language, then you might have to demonstrate your proficiency through IETLS or PTE. Besides English language proficiency, the ACCA curriculum involves the usage of complex concepts and heavy financial calculations thereby a good mathematical foundation is crucial.

ACCA Qualification Structure

After the eligibility requirement, the next aspect of ACCA that you need to know is its qualification structure. The course is categorised into three stated parts: applied knowledge, applied skills and professional level. These levels again consist of their own subjects. Let's take a look at the divisions and subjects associated with it.

I. Applied Knowledge level

Applied knowledge level presents you with the core area of financial accounting techniques along with the fundamentals of business and technology. It is essential to sit in the exam and pass all three exam modules for this module, which is as follows.

MA(Management Accounting) Paper F1
BT(Business and Technology) Paper F2
FA(Financial Accounting) Paper F3

II. Applied Skill level

Another aspect of the ACCA qualification structure is the applied skill level. This module helps you further build the knowledge and skills you gained during your applied knowledge level. In order to pass this level, you need to attempt six exam papers and acquire a passing Grade. We have provided an Applied skill level subject list.

Financial Reporting(FR)
Taxation(TX)
Corporate and Business Law(LW)
Performance Management(PW)
Financial Management(FM)
Audit and Assurance(AA)

III. Professional level

Finally, professional-level papers play a vital role in developing a unique blend of technical, ethical and professional skills. Students must pass the 4 exams to finish this level successfully. The subjects at this level are categorised into two types: essential (which are mandatory) and options(which allow the students to choose any two based on preference).

Essential: The essential papers involve papers that you need to clear to complete the course. Its two types are as follows.

Strategic Business Leader(SBL) Paper P1
Strategic Business Reporting(SBR) Paper P2

Optional: The optional paper primarily has four papers in this category. This level is split into four subjects.

Advanced Financial Management(AFM),
Advanced Taxation(ATX),
Advanced Performance Management(APM),
Advanced Auditing Assurance(AAA).

Recommended Blog: ACCA Subjects and Syllabus in Nepal

ACCA Course Fees and Duration After 12th

After learning the key aspects of starting ACCA from scratch, you might want to know about the course fees and duration to study the ACCA course in Nepal. We have prepared detailed information to help you make the most of your academic journey.

1. ACCA Course Fee

When it comes to course fees, the total ACCA course fee can typically differ between colleges and institutions for ACCA. Regardless, we have provided transparent and up-to-date costs for studying ACCA at Seekshya Academy in the detailed comparison table below.

Details	College Fee	Exam Fees (Pound)	Exam Fees in NPR	Remarks
Admission fee	10,000
Registration fee		45	7,200
Applied Knowledge Level	85,000			6 Months
Business and Technology (BT)		123	19,680	Includes admission fee, Knowledge level fees, the registration fee for the Seekshya app, study materials like books, kits and 3 sets of mock exams for each 1-level paper
Management Accounting (MA)		123	19,680
Financial Accounting (FA)		123	19,680
Applied Skills Level	84,000			18 Months
Corporate and Business Law (LW)		132	21,120	Includes study materials like books, kits and access to 3 exams typed mocks for each 2nd-level paper.
Performance Management (PM)		142	22,720
Taxation (TX)		142	22,720
Financial Reporting (FR)		142	22,720
Audit and Assurance (AA)		142	22,720
Financial Management (FM)		142	22,720
Strategic Professional Level	48,000			12 Months
Compulsory
Strategic Business Reporting (SBR)		185	29,600	Includes study materials like books, kits and access to 3 exams typed mocks for 3rd level paper
Strategic Business Leader (SBL)		252	40,320
Optional
Advanced Financial Management (AFM)		185	29,600
Advanced Performance Management (APM)		185	29,600
Advanced Taxation (ATX)
Advanced Audit and Assurance (AAA)
Total	227,000	2,063	330,090
Lump Sum Payments	175,000	2,063	330,090	505,080

2. ACCA Course Duration

Another important aspect of the ACCA study is the duration of the course, which might take three to four years to complete. However, the exact duration can vary depending on several factors that range from the prior qualification of a student, the pace of exam completion and whether you study part-time or full-time.

Career Opportunities After Completing ACCA

Now that you are familiar with ACCA eligibility and qualification structure, along with the course fee and duration after the 12th formalities, you might be wondering if this qualification is worth it. The simple answer to this is yes. ACCA offers a wide range of career opportunities across various fields. However, some of the popular ACCA jobs in Nepal and worldwide include.

Audit
Consultancy
Financial management
Risk Management and Compliance
Entrepreneurship
Chief Financial Officer
Corporate Finance
Taxation
Account Payable Assistant

These are just some of the areas where you can enhance your career opportunities as a graduate of ACCA. There are many other ACCA jobs that you can land besides the ones we mentioned here.

Tips for Success in ACCA

The ACCA exam can be a challenging and extensive accounting qualification. In fact, they are considered to be more tough as compared to other qualifications. However, you can pass it with a good percentage. Besides, there are some best strategies and tips to study and ace, including.

Manage your time for ACCA properly with a practical ACCA study schedule covering reading, self-analysis, and module revision the month before your exam. You can benefit from the scheduling tool.
Plan your study and other commitments. Be dedicated and consistent with a structured strategy and divide equal time for all the topics.
Attempt online mock tests to simulate the exam environment from closer proximity. This can help identify your weak point and work on that area to focus on achieving the goal.
Join study groups, seminars, workshops or revision classes. You can also attend free counselling sessions at an accredited institute. This helps build critical thinking imporatnt for the best solution to the problem.
Allocate time for preparation based on the level of difficulty. Furthermore, balance your preparation with the proper break to prevent burnout.
Look for a calm place that suits your study. Also, sleep is a must, as you require energy for rejuvenation.

Regardless of the challenges ACCA students face, with the right mindset, resources and preparation, and tips above, passing each exam can be feasible.

Conclusion

After passing 12th, choosing a career is important; if you are interested in finance and accounting, ACCA could be the ideal option. This prestigious certification is open to students from various backgrounds, whether it be science, commerce, humanities or another stream. In case you didnt study commerce, then you might require taking more time to catch up with the basic accounting concepts.

Begin your journey for ACCA from scratch and achieve your professional goal today. We hope you find this helpful. If you seek further insight into the world of ACCA studies, then do check out some of our other blogs. If you want to pursue ACCA and build a career in accounting and finance, then contact Seekshya Academy, the best ACCA college in Nepal. Thank you for reading till the end!

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Frequently Asked Questions

1. How fast can you complete ACCA?

ACCA course requires a minimum of three years equivalent supervised training in order to complete ACCA fast.

2. How many hours should I study for the ACCA?

The specific hours that you should study for the ACCA depend on your comprehension level and approach. However, the recommended hour of study is eight hours per week.

3. Can I pursue ACCA without a commerce background?

Yes, of course, you can pursue ACCA without a commerce background. In fact, this accounting qualification is open for every student completing +2, regardless of the streams. However, you need to put in extra effort to grasp the fundamentals of accounting concepts if you dont have strong accounting knowledge.

4. What are the benefits of Seekshya Academy for ACCA preparation?

The following are the benefits of Seekshya Academy for ACCA preparation.

We provide extra classes in accounting and economics if you are from a non-commerce background.
We take three mock tests before the exam.
We offer revisionary classes exam tips before their examination
We provide counselling and motivational classes routinely

5. Is coaching necessary for ACCA?

ACCA can be a challenge, particularly for non-commerce backgrounds, to grasp the fundamental concept. However, coaching is highly recommended for the tough, skilled-based applied papers.