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Experience
To be prepared for a challenging and often demanding career as a professional accountant, it is not sufficient to solely rely on theoretical knowledge developed through an exam process. Therefore a key component of the ACCA Qualification is gaining relevant practical experience.
The ACCA Qualification closely links practical experience to the exam syllabus, reinforcing that any capabilities you develop through the exam process will have a clear application in your workplace. And this in turn provides potential employers with independent reassurance that you are the right person for the job.
It’s up to you to choose the right employer to work for and gain your practical experience, but there are lots of resources available to you to make sure you get the right type of training and development.
You will need to complete three-years’ relevant practical experience in addition to achieving 13 of the performance objectives listed below – all nine Essentials and four from 11 Options.
| ESSENTIALS (all nine to be completed) |
|---|
| Professionalism, ethics and governance 1 Demonstrate the application of professional ethics, values and judgement 2 Contribute to the effective governance of an organisation 3 Raise awareness of non-financial risk |
| Personal effectiveness 4 Manage self 5 Communicate effectively 6 Use information and communications technology |
| Business management 7 Manage ongoing activities in your area of responsibility 8 Improve departmental performance 9 Manage an assignment |
| OPTIONS (four to be completed) |
|---|
| Financial accounting and reporting 10 Prepare financial statements for external purposes 11 Interpret financial transactions and financial statements |
| Performance measurement and management accounting 12 Prepare financial information for management 13 Contribute to budget planning and production 14 Monitor and control budgets |
| Finance and financial management 15 Evaluate potential business/investment opportunities and the required finance options 16 Manage cash using active cash management and treasury systems |
| Audit and assurance 17 Prepare for and collect evidence for audit 18 Evaluate and report on audit |
| Taxation 19 Evaluate and compute taxes payable 20 Assist with tax planning |