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Do you have a knack for mathematics and would love to pursue a career in the world of numbers? Well, if you’re here, you’re probably wondering what’s the difference between the Association of Chartered Certified Accountants (ACCA) and an Accounting Degree.
Well, keep scrolling as we distinguish both of these highly sought-after accounting programmes for you!
Do you know what it takes to be a future accountant? Find out during Taylor’s International Accounting Day Fest 2022 here.
Association of Chartered Certified Accountants (ACCA)
Awarded by a global professional accounting body, ACCA that’s based in the UK.
Awarded by a university or a partner university of the institution.
Which should you pick?
The ACCA is a prestigious accounting qualification and is widely recognised in the world with over 500,000 students. Your qualification will be accepted in 179 countries which means you’ll get to work abroad!
A Taylor’s Bachelor of Arts in Accounting and Finance degree programme graduate will be eligible to receive accreditation and/or exemptions from recognised professional bodies such as ACCA, CIMA, CPA Australia, ICAEW, CTiM, FPAM, MICPA-CAANZ, MIA.
Which should you pick?
An ACCA qualification would be the faster route when you undertake the ACCA Foundation in Accountancy programme (1 year) immediately upon completion of SPM.
For entry requirements, click here.
An Accounting Degree may take slightly longer to complete depending on which pre-university programme (eg. Cambridge A Level, SACE International, Diploma) you choose. It can take up between 1-2 years.
For entry requirements, click here.
Association of Chartered Certified Accountants (ACCA)
Find out the fees for the ACCA programme at Taylor’s here.
Find out the fees for Taylor’s Bachelor of Arts in Accounting and Finance degree programme here.
Which should you pick?
An ACCA programme is considerably more affordable than an Accounting Degree programme.
However, you would NOT be eligible for a PTPTN loan.
Studying an Accounting Degree programme would cost more than the ACCA programme.
However, you would be eligible for a PTPTN loan.
The ACCA programme is divided into 3 stages:
1. Applied Knowledge (3 papers)
AB: Accountant in Business
MA: Management Accounting
FA: Financial Accounting
2. Applied Skills (6 papers)
LW: Corporate and Business Law
PM: Performance Management
TX: Taxation
FR: Financial Reporting
AA: Audit and Assurance
FM: Financial Management
3. Strategic Professional Essentials (4 papers)
SBR: Strategic Business Reporting
SBL: Strategic Business Leader
And options to choose 2 out of these 4:
AFM: Advanced Financial Management
APM: Advanced Performance Management
ATX: Advanced Taxation
AAA: Advanced Audit and Assurance
Here are some of the core subjects that will be covered throughout an Accounting Degree programme:
Accountant in the Global Age
Accounting Information System
Advanced Management Accounting
Introduction to Accounting
Introduction to Finance
Introduction to Management
Economics (Microeconomics and Macroeconomics)
Business Law
Audit & Assurance
Quantitative Methods for Business
You will also be able to select elective subjects whereby you get to study modules in a related or unrelated field through Taylor’s Complementary Studies component.
For a full list of subjects offered at Taylor’s Bachelor of Arts in Accounting and Finance degree programme, click here.
Which should you pick?
Completing an ACCA programme will give you a robust skill in accounting as the programme is heavily focused on the technical aspects of accounting to propel you to become a professional accountant.
An Accounting Degree would cover a broader range of subjects other than Accounting itself, such as other business subjects, giving you a more comprehensive academic exposure.
Depending on your interest, with the elective subject options, you can even choose to study subjects which are non-related to the accounting field as well — allowing you to gain a different perspective.
We hope that this guide helps you in selecting the best accounting programme to pursue. Don’t forget to make your own survey and find out about each programme and institution thoroughly before making your decision!
If you need help, feel free to seek out secondary opinions by speaking to experienced education advisors for more insights! Here are also some helpful questions to ask education counsellors during your appointment!
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