Accountancy is 1 of the most preferred professions which present a lot of prospects in unique fields such as auditing, tax consultancy, administration consultancy, organization secretarial services, economic management and so on. Accountants work in all organization sectors these kinds of as private sector, public sector, banking and commerce.
Individuals can examine at a higher education and learning university or college for several of the specialized qualifications provided by the expert associations. There are various expert bodies in accountancy which provide internationally recognized skills, for instance, ACCA, CIMA, ICAEW and so forth.
Adhering to are the most prestigious accountancy bodies which are broadly acknowledged and regarded worldwide:
-ACCA (Association of Chartered Qualified Accountants):
Established in 1904 and has evaluation centres in more than 130 nations around the world. ACCA college students are now in a position to receive a double qualification throughout their research – (1) The ACCA Expert Qualifications, and (2) a Bachelor of Science (Hons) in Applied Accounting from Oxford Brookes College, a top rated new college in the United kingdom. Examinations are held 2 times a 12 months (June and December).
-CIMA (Chartered Institute of Management Accountants):
Established in 1919 with around fifty centres all over the world, CIMA is the main management accountancy entire body in the globe. It contains fifteen test papers at four ranges: Certification Degree, Managerial Stage, Strategic Level and TOPCIMA (Closing Exam of Skilled Competence in Management Accounting). Examinations are held two times a yr (May well and November).
To attain a experienced membership from the earlier mentioned accountancy bodies, pupils are necessary to pass all the association’s examinations and get hold of a least of three several years appropriate teaching or authorized get the job done practical experience.
A huge array of study alternatives are out there to cater for the requires of all learners. Pupils can pick out from learning full-time, portion-time by day-launch, household review, distance understanding, correspondence or a combination of these approaches. Today several universities in the United kingdom are providing expert accountancy application this kind of as the ACCA and CIMA. Even so students might want to go after a diploma in accountancy from a prestigious college and then utilize for exemptions from specific expert examination papers.