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over 9 years ago
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over 9 years ago
Hi, I have recently completed the final paper of ACA. I am an ACCA graduate and was exempted for a few papers through credit prior learning. Now I am due to apply the ACA membership. The question is, do I need to maintain my ACCA membership status in order to be successful in my application for ACA membersip?
Your advise is much appreciated. Thanks.
over 8 years ago
RE: exam exemptions
- depending on what ACCA papers you have taken, you may be eligible for credit for prior learning (exam exemptions) from some ACA exam modules. Your best option is to go onto our credit directory at www.icaew.com/cpl - this will allow you to see exactly which credits you could gain against which ACCA paper.
RE: ACCA vs ACA differences
- there are many. The ACA is unique in integrating technical learning, practical application, professional skills development and ongoing ethics throughout training. This helps provide the added-value skills that define an ICAEW chartered accountant. Unlike the ACCA, the ACA exams can be done in any order (although the Case Study must be the last one). This provides students and employers with a better match between what you are learning for the exams and what you are learning at that moment at work. Ultimately, it helps students learn more and add value to the organisation from the start. There are no optional papers at ACA, so students have to pass all the ACA exams (unless they are granted credit for some of the modules). Employers like this as it provides a consistent benchmark of success and they know that an ACA has a broad range and depth of skills and can therefore work in any part of a business. ACA has a Case Study as its final exam (ACCA has none). The ACA Case Study tests students in a real-life business scenario and across all areas of the syllabus. Again, employers love this as it is a robust exam that requires students to show strong knowledge and professional judgement; and relates to how they will be expected to work in their workplaces. There are many other differences, but another important area is the success of ACAs once qualified. 86% of FTSE 100 company boards include at least one ICAEW member. This is significantly higher than any other single qualification. (source: Boardex Jan 2010/ICAEW data). Equally, 14 of the 25 chartered accountants serving as CEO in FTSE 100 are ICAEW members. Again, significantly higher than any other body. (source: Accountancy magazine Oct 2010). In the annual Financial Power lists (produced by Accountancy Age), there are typically more ICAEW members in the Top 50 than any other single accountancy body. Hope this helps.
Happy to answer some more if you need more details.