Accounting geek question - ACCA or ACA?
- Thread starter alex_tank
- Start date
Does that not depend on your current qualifications Fox?
I mean, If you have a Degree/A Levels/GSCE's i guess you can go straight into ACA/ACCA training via an employer.
If not, take up the AAT route.
Complete that and fast track into ACA/ACCA.
Though, do ACCA actually support AAT? or was it CAT that they supported.
I mean, If you have a Degree/A Levels/GSCE's i guess you can go straight into ACA/ACCA training via an employer.
If not, take up the AAT route.
Complete that and fast track into ACA/ACCA.
Though, do ACCA actually support AAT? or was it CAT that they supported.
ACCA support AAT and is the prefered non accountancy degree route.
If you have an Approved Accountancy/Finance Degree then you will exempt the first 3 modules of the foundation stage of the ACCA, the same is true of the AAT, the same three foundation modules would be exempted.
You can check the exemption on the ACCA wesite.
Susie.
Not entirely correct, AAT-> AC(C)A is preferred route for non any degree in my experience.
Again not entirely correct. The foundation stage of the AAT is not compulsory at all - as long as you can write your name you should be fine.
As for the ACCA no clue, my firm stopped supporting it long ago in favour of ICAEW and ICAS.
![[TW]Fox](/data/man-of-honor/2009.png){kind=avatar}
I have a degree in (2:1) Business of which 30% of the modules were accountancy based.
Thanks for the heads up
I am planning to start on the AAT with Kaplan Financial next month, Full time course.. Looking at around 3 years to complete and fast track into ACA hopefully.
It's a commitment at my age that i have to make, having messed up back in school.
Feels weird at 21 (22 in a couple of days) to be in education, while others at my age are in work
I'm not even sure I mind.
[TW]Fox;17138634 said:
Haha, I know that feeling, well if it helps this is the way I viewed it (bearing in mind I work in practice and so am probably biased).
One of the major benefits from working in practice is the breadth of what you see in your day to day activities. You'll see different types of accounts under different standards frequently (although the standard thing won't matter for too much longer), going to clients will expose you to different ways of workings and if auditing different ways to implement controls as long as you don't work for a small firm. It's a lot easier to transfer the experience you gain from practice to industry than vice versa - although that has no evidence to support it
The negative side of working in practice is that unless you're lucky or that special sort of person who enjoys it, most likely you will be auditing. And that sucks.
Screw that, do Tax. Far more interesting.
I am sorry but you are incorrect. Not all degrees will give you an exemption from the F1/2/3 parts of the ACCA (you can gain up to 9 exemptions depending on your degree status). You can check your eligibility on the ACCA website here:
https://portal.accaglobal.com/accrw...ations/enquiry/main/EnqInstitutionsTable.jspx
It would all depend on what route you take and which employer you are with. Not all can offer the ACA.
You misunderstand, the AAT gives you the three Foundation exemptions TO THE ACCA
Susie
Castiel's Wife.
[TW]Fox;17138598 said:
You can check your elegibility here:
https://portal.accaglobal.com/accrw...ations/enquiry/main/EnqInstitutionsTable.jspx
Good Luck in whatever you decide.
If you are looking at working industry (not an accountancy firm) then the AAT-> ACCA route would probably be the recommended route, especially if you wish to continue in your current employment if it is not an accountancy practice.
If you are able try to get onto the Graduate programmes of PWC/KPMG or similar. This was the route I took with an Economics and Math degree from LSE.
Susie
Castiel's Wife.
Last edited:
Ok, your original comment was bizarre and made no mention of exemptions.
What I mean is, if you have no degree you do AAT first. If you have a degree then in my experience employers will take you on to do AC(C)A straight away regardless whether it's accountancy based.
Again I'm confused (I intentionally removed the reference to the ACCA as I don't know). I was saying the foundation of the AAT isn't compulsory. I think we're both getting confused over what the other is saying.
Oh, and if it helps, the AAT gives 5 exemptions and 1 partial exemption from the ACA depending on which exams you take at the Technician level.
Blimey, really feel like I'm arguing with you here
I agree, if industry do ACCA, if practice ACA.
However, unless the company you go to makes you do AAT, DO NOT DO IT! It is absolutely not necessary and is not that useful in the longer term.
So why the moan about accountancy firm training being boring audit? I've steered well clear, and (nearly) got two qualifications out of it. CTA done, TPE to go before CA's done.I'll have you know I do do Tax
Then I get to decide what I actually want to do...
Because larger accountancy firms can have seperate departments and as audit tends to be larger than the rest it recruits the most. Which means you could end up in the audit department doing audits which is dull as hell.
I started out working in the audit department, then got a transfer to tax. Where I'm a lot less bored. That's what I mean, not that accountancy firms are training you in boring audits.