ACCA Salary in Nepal
ACCA, or Association of Chartered Certified Accountants, is a global professional accounting body. It offers the Certified Accountant qualification and is, therefore, a highly sought-after professional. However, despite its popularity, many students in Nepal do not have a clear idea regarding the course, the career prospects, and the salary one can get by enrolling in an ACCA course. So, how much can you earn after graduating from the ACCA course in Nepal?
In this blog, we explore ACCA salary in Nepal, discussing this course and the average sum you can earn across multiple jobs. So, with this in mind, let's get started!
About ACCA Course
The Association of Chartered Certified Accountants, or ACCA for short, is a global professional accounting body that offers the Chartered Certified Accountant qualification. This qualification is recognized and respected globally. Furthermore, ACCA provides education, training, and professional development for accountants, helping them acquire the skills and knowledge needed to excel in their careers in Finance, accounting, and business. The ACCA qualification covers a wide range of subjects, including financial reporting, taxation, auditing, business management, and more, making it a comprehensive credential for accounting professionals
Key Points of ACCA Course
• ACCA is a leading international accountancy body with over 233,000 fully qualified members and 536,000 students globally.
• ACCA qualifications are recognized by employers across all sectors, including public practice, the corporate sector, the public sector, and academia.
• The ACCA qualification covers areas such as accounting, taxation, auditing, financial management, corporate law, professional values, and ethics.
• ACCA has over 110 offices and centres globally and works closely with various regulatory authorities and educational institutions.
• It promotes public value skills such as strategic thinking, communication, and leadership, along with technical accounting expertise.
ACCA Salary in Nepal
The specifics regarding ACCA salary in Nepal vary based on many factors. That said, your career choice and your position are among the major factors that determine the overall aspect of how much you will earn. Although we cannot provide you with a specific salary, we can provide you with a rough estimation. According to payscale, the average salary of ACCA graduates as per their post are as follows:
Chartered Accountant
CA is one of the key careers you can enrol in after ACCA. In this profession, you typically need to work in the public practice industry and provide a wide range of financial services such as auditing, taxation, financial reporting, and advisory services. As a CA, you ensure compliance with laws and regulations, analyse financial data, and provide strategic financial advice. The average salary you can earn from this career field is around 10,17,000 Npr per year.
Auditor
As an auditor, you would be responsible for examining financial records and ensuring accuracy and compliance with relevant laws and regulations. As an auditor, you also conduct audits to assess the financial health of organisations, identify areas of risk or inefficiency, and make recommendations for improvement. You may also work internally within organisations as internal auditors or externally as external auditors for accounting firms. The average yearly income of this career in Nepal is 16,50,000 Npr.
Finance Manager
A Finance Manager oversees the financial operations of an organisation, including budgeting, financial reporting, and strategic financial planning. As a finance manager, you analyse financial data, monitor cash flow, manage investments, and develop financial forecasts. Furthermore, you also provide leadership and guidance to finance teams, ensure compliance with financial regulations, and contribute to decision-making processes to drive organisational growth and profitability. The yearly earning of this position in Nepal is around 7,00,000 Npr.
Internal Auditing Manager
As an Internal Auditing Manager, you would be responsible for leading the internal audit function within an organisation. You develop and implement internal audit plans, conduct risk assessments, and perform audits to evaluate the effectiveness of internal controls and processes. Furthermore, you also identify areas for improvement, provide recommendations to management, and ensure compliance with internal policies and external regulations. The approximate yearly income for this position after ACCA in Nepal is around 7,32,000 Npr.
Senior Accountant and Accountant
As an accountant, you are responsible for recording, analysing, and reporting financial transactions within an organisation. You maintain accurate financial records, prepare financial statements, and ensure compliance with accounting standards and regulations. As a senior accountant, you are essentially responsible for financial reporting, budgeting, reconciliations, and analysis of financial data. You may also supervise junior staff, assist with audit preparations, and contribute to strategic financial planning initiatives. The approximate annual earnings for an accountant is 4,32,000 Npr, and for a Senior Accountant, it is 24,00,000 Npr.
Finance Assistant
As a finance assistant, you provide support to finance teams with various administrative and clerical tasks. You may also assist them with processing invoices, reconciling accounts, and maintaining financial records. You may also help with routine tasks such as data entry and filing and contribute to the smooth operation of the finance department. You can earn an approximate yearly sum of 7,00,000 Npr after graduating from ACCA.
These are some of the popular career paths you can join after graduating from ACCA and their yearly earnings. Besides the ones we mentioned here, there are several other paths that you can enroll in, such as Finance officer, Internal Audit Director, and Office Manager. Regardless, we hope you understood the basic gist.
Conclusion
The Association of Chartered Certified Accountants, or ACCA for short, is a global professional accounting body that offers you a chartered accountant qualification. This course is divided into three levels, each with its own set of papers. After clearing all of the said papers, you can earn a wide range of careers and earn anywhere from 2,00,000 Npr per annum to 16,50,000 Npr per annum.
In this blog, we discussed what an ACCA course is, the papers involved in it, and the approximate ACCA salary in Nepal. We hope you found this helpful. If you want further details regarding ACCA or want the best ACCA course in Nepal, feel free to visit us at Seekshya Academy, also know as the ACCA college in Nepal. Thank you for reading to the end.
FAQs on ACCA salary in Nepal
Can ACCA get a job in Nepal?
Yes, you can get a wide range of jobs in Nepal after completing the ACCA course. Some of the careers you can enrol in after ACCA course in Nepal are as follows:
•Chartered Accountant
• Auditor
• Finance Manager
• Internal Auditing Manager
• Senior Accountant
• Accountant
• Finance Assistant
What is the highest salary in ACCA?
You can earn anywhere from 10,17,000 Npr to 16,50,000 Npr after ACCA in Nepal.
Is ACCA worth it in Nepal?
Yes, ACCA is worth it in Nepal. After completing an ACCA course in Nepal, you can enrol in many lucrative courses that can provide you with a high salary.
Is CA greater than ACCA?
Both CA and ACCA have their own pros and cons. CA is a local degree that provides a better scope for specialised local careers, while ACCA is a broader course that provides more career options and global scope.
What is the scope of ACCA in Nepal?
The job prospects for ACCA in Nepal include the following:
•Chartered Accountant
• Auditor
• Finance Manager
• Internal Auditing Manager
• Senior Accountant
• Accountant
• Finance Assistant
• Finance Officer
• Financial Accountant
• Internal Audit Director
• Office Manager
Can ACCA do audits in Nepal?
Yes, ACCA can do audits in Nepal as auditing is one of the paths after ACCA in Nepal.
Who is eligible for ACCA?
As long as you have graduated from 10+2 in any stream, you are eligible to study ACCA in Nepal at Seekshya Academy.
How many exams are in ACCA?
There are 15 exam papers that you need to clear to become fully qualified for ACCA.