ACA vs ACCA

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:08AM in AAT student discussion
Hope someone can help with this.<BR><BR>I'm currently working for a manufactoring firm and will hopefully soon be completing AAT. If I stick with the same company they'll put me through ACCA, but I think I want to do ACA, as it seems to be the most highly regarded.<BR><BR>I just wondered if other people have found it hard to get jobs in practice? As it seems the bigger accounting companies look to take on graduates (which I'm not).<BR><BR>So I'm not sure if should stay put and do ACCA or take a gamble and try to do ACA.

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    ACA vs ACCA

    Your firm put you through ACCA because it is better suited to industry. ACA is perceived as the better qualification for practice which ACCA also qualifies you to do. If you want to do ACA then you need to move jobs and find one with a company that will give you a training contract and they need to be registered with ICAEW too. I think I have read recently that you can qualify ACA without working in an approved practice but you can't become a member without the work experience there.<BR><BR>I would imagine that you would be able to get in without being a graduate with full AAT as you only have to do a few top up papers. It may be worth looking at ICAEW's website.<BR><BR>Annette
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ACA vs ACCA

    Hi<BR><BR>Annette is right, you can do ACA without working for an approved employer except for the final level. Completeing all exams except the final level results in what the ICAEW call the Professional Accountnacy Certificate (PAC).<BR><BR>It is possible to train for ACA in industry/commerce, but the majority (about 91% i believe) of approved employers are accounting practices.<BR><BR>Neil
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ACA vs ACCA

    Thank you for that its appreciated.<BR><BR>If a company is registered with ICEAW does that mean you can study ACA there if they are willing to offer you a training contract. ICAEW is basically what you become a member of upon completion of ACA right? One last question, to become ACA qualified am I right in thinking you have to have 3 years work experience in practice?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ACA vs ACCA

    Hi<BR><BR>ACA (Associate Chartered Accountant) is the qualification awarded to you when you become a member of ICAEW, having completed all of the exams and the work experience.<BR><BR>You're right that you need 3 years experience in a training contract. This is mostly done in accounting practices, but as i mentioned in my other post, there are some aproved employers in industry/commerce.<BR><BR>One thing to bear in mind, the tuition and exam fees are much higher for ACA than any other of the chartered qualifications. Also, at present you cant do distance learning courses for ACA, only attendence ones, usually in blocks of a weeke or two at a time.<BR><BR>Neil

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