ACCA is an acronym for the Association of Chartered Certified Accountants. The ACCA qualifications that attract the most enquiries from students and members are the ACCA Qualification, Foundation-level awards and Diploma in International Financial Reporting (DipIFR). For example, a holder of the ACCA could practice as an accountant in all member countries of the European Union, European Economic Area and Switzerland, describing himself/herself as ACCA or Chartered Certified Accountant. (ACCA Foundation Diploma), 2) A professional qualification enabling members to reach the top level in accountancy (ACCA), 3) A bachelors of science in applied accounting which fulfills the needs of employers for professional practical accounting (Bsc honors), 4) Masters in professional accountancy enabling to enhance business understanding and decision making (MSc). With this, you can apply for the job with an exemption of Canadian accounting certification which is CGA(Certified General Accountant). If you are a member in good standing of ACCA, U.K. you may qualify for admission to membership in CPA Ontario under the Mutual Recognition Agreement (the “MRA”) between CGA Canada and ACCA, U.K. save. Canada, US, Australia, UK Immigration, Study Visa, Travel Visa, Business Visa, Settlement Services. Global recognition is the main feature of ACCA. 'Chartered Certified Accountant' is a legally protected term. At the end of 2016 there were 12,521 members and 42,000 students in Malaysia. Many universities and educational providers recognize ACCA as equivalent to at least a Bachelor’s Degree in accountancy, to obtain credit towards a local master’s degree or an advanced study program. The ACCA qualification can help students acquire skills […] Well, it is a very crucial decision to make and more so if you have a credited certification like ACCA, you must be having doubts, where it will bring some value to your profile in Canada or not. ACCA Canada receives many inquiries from ACCA members and student members worldwide who have an interest in working or studying in Canada. The Canadian branch of ACCA is pursuing recognition for statutory audit purposes in the province of Ontario under the province's Public Accounting Act of 2004. Also, you can even get an exemption from this course, if you have passed from a recognized institution of Canada with an equivalent course. This MoU shall facilitate students and members of ACCA and ICMA Pakistan to earn dual qualification and membership on a fast track basis. I have heard cases where 3 years equivalency was awarded for the Membership of ACCA as well. These courses are available for the first seven Foundations level exams and hosted on edX, with content developed by Epigeum. Professionals with CCAB certification are highly sought after. All member countries of the European Union recognize ACCA under Mutual Recognition Directive. Please visit http://www.cic.gc.ca/english/index.asp for the department of citizenship and immigration (CIC) in Canada. CPA Australia and Institute of Public Accountants recognise ACCA qualification as sufficient to obtain a skill assessment as an Accountant for the purposes of immigration. ACCA is statutorily recognised in Part II of the First Schedule of the Accountants Act, 1967. The ACCA qualification is recognized by the Malaysian Institute of Accountants (MIA). What is Expected Salary? The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence. The Higher Education Commission (HEC) of Pakistan recognises ACCA members qualifications as equal to master's degree in Commerce (MCom). At the present, a member who holds an Association of Chartered Certified Accountants (ACCA) designation, is considered to hold a Bachelors degree. HKSA later became HKICPA.[44]. Access to local professional qualifications requires a separate test. At the end of 2016 there were over 16,000 members and almost 60,000 students in Europe (excluding the UK & Ireland). Subjects include: Financial accounting, Management accounting, Financial reporting, Taxation, Company law, Audit and assurance and Financial management. It is recognized by the following countries globally. In Canada to increase your probability of getting a job in the accountancy area, you need to give just one test related to Corporate and Taxation Law if you are an ACCA qualified person. ACCA is currently legally pursuing legal accreditation in Canada. Please update this article to reflect recent events or newly available information. Is ACCA recognised in Canada, and if so, is it equivalent to CPA certification? The existing MRA will remain in place until April 30, 2021. ACCA holds the power to issue permits to chartered certified accountants to conduct insolvency appointments. On 13 August 2007, ACCA and the Malaysian Institute of Certified Public Accountants (MICPA) signed an MRA that provided a route for members to join the other body. ACCA is statutorily recognised in Part II of the First Schedule of the Accountants Act, 1967. hide. ACCA is the fastest-growing international body of accountants. ACCA firms tend to audit smaller and less complex clients. 100% Upvoted. Currently, it stands at 3,843 members. The ACCA qualification is legally recognized by all member countries of the European Union under the Mutual Recognition Directive. Members of these bodies are deemed to hold equivalent-level qualifications and advertisements for jobs often state that an organisation is looking for a CCAB-qualified individual. The United Kingdom and Ireland; ACCA holds the power to issue permits to chartered certified accountants to conduct insolvency appointments. The Tax Practitioners Board accredited ACCA as a recognised tax agent association and as a recognised BAS agent association on 12 May 2010. Outside these countries, legal recognition by government authorities and mutual recognition by equivalent overseas institutes, varies. So in this section you will find advice for studying in countries where ACCA has offices. Certified Practicing Accountant (CPA) Australia and Institute of Public Accountants recognize ACCA members to have sufficient skills as an accountant when dealing with immigration applications.
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