Aca
kjg-kj
Registered Posts: 68 Regular contributor ⭐
If I pass AAT, I plan to continue studying and move on to ACA.
If my employer was to pay for this and I study over say three years, does anyone know roughly what this would cost my employer per year?
If my employer was to pay for this and I study over say three years, does anyone know roughly what this would cost my employer per year?
0
Comments
-
about £11000 over 3 years!0
-
Depending on their level of support, £11k and some! For me, the second level exams are costing my bosses at least £1,300 each by the time you add up tuition and accommodation and that doesn't even consider my salary! Six exams at £1,300 is £7,800, plus six exams from the previous level (of which I was exempt from five) - I could argue £700 each when a BPP course and hotel is considered, so another £4,200 and then you have the advanced stage, for which I don't want to even estimate a cost for!
But as you can see, I've made £11k in just two years if done from scratch and as I said, there's also 2+ weeks per exam in time off that I still get paid for - all in all it's an awful lot of money! But while they want to pay it I'm not complaining!
Hope this helps0 -
You may be very lucky to find an employer that will pay for ACA study. I was under the impression that practices only pay for ACCA as it is more relevant to practice. I wanted to study ACA at one point but was told at interview that they don’t fund ACA as it more orientated to banking and large PLC firms.
I believe that you are actually eligible for ACA membership after being an ACCA member for five years with three years practical experience and two referees. You also have to sit a competency exam. Details should be on the link below. :thumbup1:
http://www.icaew.com/index.cfm/route/125720/icaew_ga/en/Home/Join_us/Join_as_a_CCAB_member/Follow_pathways_to_the_ACA0 -
You may be very lucky to find an employer that will pay for ACA study. I was under the impression that practices only pay for ACCA as it is more relevant to practice. I wanted to study ACA at one point but was told at interview that they don’t fund ACA as it more orientated to banking and large PLC firms.
I believe that you are actually eligible for ACA membership after being an ACCA member for five years which three years practical experience and two referees. You also have to sit a competency exam. Details should be on the link below.
Funding for training varies from practice to practice and can depend on what the practice wants you to do - some prefer ACCA others prefer ACA. Two of my previous bosses were ACA, one trained in a mid tier firm the other trained in a small/medium sized firm. A previous employer's audit firm preffered ACA, this firm was a small to medium sized firm, but no where near the "Big 4" size.
ACA training can be expensive, however. Colleges tend to operate a different format whereby there may be a tuition, revision and practice phase combined into one longer course per paper - thus higher costs!
Don Juan is right in that you can apply for ICAEW/ACA once you have been CCAB qualified for a minimum of five years. The exam consists of a work profile to demo. competances equivalent to the ACA final case study. However, it isnt an exam in the sense of a sat examination - rather the ICAEW examine (in the wider sense of the word) what your work experience has included.
Neil0 -
Thank you all for this information, it has been very helpful!0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership