What to do After ACCA: Next Steps After ACCA
Enrolling in an Association of Chartered Certified Accountants course can be a tough decision. However, it is a decision that most of us make. That said, while making the decision many of us may not have an idea what to do after ACCA. Not just that, even if you have enrolled in this course and have completed it or are nearing completion, some of you may not have an idea about what to do next. So, what should you do after completing this course? Well, there are many options for you.
In this blog, we discuss the various things you can do after graduating from the ACCA course. So, with this in mind, let's get started!
Things To Do After ACCA Course Completion
The good news here is that after completing the Association of Chartered Certified Accountants Course, you can enrol in a wide range of activities. Some of these activities are associated with your employment, some with entrepreneurship, and some with your education. So what to do after ACCA? Some of the key activities you can enrol in after completing the ACCA course are as follows:
Continue Your Education
One of the first things that comes to mind after graduating from any course is continuing education. Well, you can absolutely do that after completing the ACCA course. There are many accounting fields you can enrol in. That said, some of the most popular courses after ACCA are as follows:
MBA
After the completion of ACCA, one of the best courses you can enrol in is MBA. This course covers the fundamentals of business areas like accounting, finance, marketing, operation management, organizational behaviour, economics, and business ethics. Additionally, you can also choose elective courses to specialize in areas such as strategic management and entrepreneurship. This course focuses on leadership development and decision-making skills through case studies and group projects. Needless to say, after completing account account-focused course like ACCA, getting a good grasp of the business world through an MBA would help you in your career a lot.
CFA
The Chartered Financial Analyst (CFA) program is a qualification that covers g investment management, financial analysis, and portfolio management. It consists of three levels of exams. This exam focuses on the following:
- Ethics
- Quantitative methods
- Economics
- Financial reporting and analysis
- Corporate finance
- Equity investments
- Fixed income
- Derivatives
- Alternative investments
- Portfolio management
Furthermore, it also emphasizes ethical conduct and practical skills, preparing you for careers in investment management and financial analysis.
These are just two of the most popular education options you can enrol in after graduating from the ACCA course. However, depending on your choice, you can enrol in a wide range of other education options as well.
Work in Industry
Although studying further to enhance your knowledge is an excellent option after graduating from the ACCA course, we understand that many of you might want to start your careers. The good news here is that after graduating from the ACCA course, there are plenty of career options you can choose from. Furthermore, as long as there is a post associated with accounting, you can work in just about any industry. It doesn't really matter if the sector of your choice is IT, Insurance, Sports, Business, Art, or Hospitality. Within these sectors, some of the roles that you can fulfill are as follows:
- Management Accountant
- Financial Accountant
- Fund Accountant
- Finance Director
- Chief Financial Officer (CF)
- Treasury
- Assistant Accountant
- Auditor
These are naturally just some of the career fields you can enroll in. Besides the ones we mentioned here, you can enroll in many other fields. Furthermore, if you spend some more time to pass CA qualification after ACCA then you can even become a Chartered Accountant. That said, there are extra steps you need to follow and criteria you need to meet to enroll in this lucrative profession.
Convert to Law
Besides commerce related courses, you can also convert to a law student or a professional. The law module in ACCA qualification provides you with a strong background in corporate and business law. Therefore, there is a crossover between the field of law and finance through ACCA.
After completing the ACCA course, you can study law and get a degree. After getting a law degree, you can either return back into the financial world and use the law degree for corporate and finance law or transition completely to the law field as a professional.
Join an Accounting Firm
ACCA is all about accounting, and thus, it would make sense to join an accounting firm after graduating from this course. These firms help identify the best solutions for clients in a wide range of industries. Therefore, if you join an accounting firm, you get the benefit of using your skills across multiple careers without the need to switch organizations.
Furthermore, you also get the opportunity to specialize in services such as tax, management consulting, mergers, acquisitions, and forensic accounting.
Although the career in an accounting firm may be highly pressured and you may need to adapt yourself to your various clients, it is a rewarding career.
Work on Your Own
Besides being engaged in dedicated career fields, you can also work on your own and offer accounting services to outsourcing companies. By this, we essentially mean that you can freelance your services. Although you may need to gain some experience or work in a specific field before you manage to get regular freelancing work, you can do it rather effectively after graduating from the ACCA course. The good aspect of working on your own is that you can be your own boss and work on your own terms. However, there is a slight risk of not finding regular work and the workflow being seasonal. That said, none of these would matter if you gain adequate experience and clientele network. Therefore, working on your own is a valid answer to "What to do after ACCA."
Start Your Own Business
Besides studying, engaging in a career, and freelancing, another valid option is starting your own business and becoming an entrepreneur. An ACCA qualification gives you a good foundation to start your own business in finance or accountancy. Therefore, with a bit of investment and some networking, you can start your own accounting firm or consulting company or start your business as an independent financial advisor to small and medium-sized businesses.
These are some of the key things you can do after ACCA. Regardless, we hope you got the overall gist of your option and the answer to the question of "what to do after ACCA."
Conclusion
Enrolling in an ACCA course can be a tough decision to make. However, once you make the decision and graduate from this course, you have a wide range of options. You can further your studies, become employed, convert to law, start freelancing, or become an entrepreneur. These are naturally just some of the things you can do. The world is your stage, and you can choose from a wide range of things to do after ACCA.
In this blog, we answered the question of "What to do after ACCA ."We hope you found this helpful. If you want further insights into the various aspects of ACCA, do check out some of our other blogs. And if you want to the best ACCA college in Nepal, Contact Seekshya Academy.Thank you for reading till the end.
FAQs on What to do After ACCA
What is the next step after completing ACCA?
After completing ACCA, you can convert to law, further your career, become an entrepreneur, or enroll in a career.
What is the next level after ACCA?
After ACCA, you can enroll in a Masters in Business Administration (MBA) or Chartered Financial Analyst (CFA) course.
What is the best option after ACCA?
One of the best options after ACCA is CFA, MBA or to start your career in financial careers. Additionally, you can also become an entrepreneur as well.
What do you get when you finish ACCA?
After finishing ACCA, you are awarded with a Strategic Professional Certificate.
What is the next step after completing ACCA?
After completing ACCA, you can convert to law, further your career, become an entrepreneur, or enroll in a career.
What career options are available after ACCA?
Some career options after ACCA include management accountant, financial accountant, fund accountant, finance director, chief financial officer, treasury, assistant accountant, and auditor across various industries.
Can I start my own business after ACCA?
Yes, an ACCA qualification gives you a good foundation to start your own business in finance or accountancy, such as an accounting firm, consulting company, or work as an independent financial advisor.
Can I work in an accounting firm after ACCA?
Yes, joining an accounting firm is a viable option after completing ACCA, where you can utilize your skills across multiple industries and potentially specialize in services like tax, consulting, mergers and acquisitions, and forensic accounting.