What Are The Requirements For ACCA Membership?

What Are The Requirements For ACCA Membership?

To become a full member of the Association of Chartered Certified Accountants (ACCA), candidates must meet specific requirements that demonstrate their competence, professionalism, and commitment to the accounting profession. ACCA membership is globally recognized and signifies a high level of expertise in accounting, finance, and business management. Explore here the key requirements for ACCA Dubai membership:

ACCA qualification:

The primary requirement for ACCA membership is successfully completing the ACCA qualification. This involves passing all the required exams, including the Applied Knowledge, Applied Skills, and Strategic Professional exams. Candidates must also complete the Ethics and Professional Skills module, which covers essential ethical principles and professional behaviors expected of ACCA members.

Practical experience requirement (PER):

Along with passing the exams, candidates must fulfill a Practical Experience Requirement (PER). This requirement ensures that members have practical, hands-on experience in applying their technical knowledge and skills in a real-world work environment. Candidates need to complete at least three years of relevant work experience in a role that aligns with ACCA’s Performance Objective areas. These areas include financial reporting, management accounting, taxation, audit and assurance, financial management, and business analysis.

Ethics and professional skills module:

Candidates must complete the Ethics and professional skills module, which is part of the ACCA qualification. This module focuses on developing ethical behaviors, professional skills, and competencies required of ACCA members. It covers areas such as professionalism, ethics, personal effectiveness, and leadership and management.

Continuing professional development (CPD):

ACCA members are required to maintain their professional competence through Continuing Professional Development (CPD). CPD ensures that members stay updated with industry developments, regulatory changes, and emerging trends in accounting and finance. Members must complete a minimum number of CPD units each year, which can include attending seminars, workshops, training courses, and engaging in professional activities relevant to their role.

Professional ethics and conduct:

ACCA members are expected to uphold high standards of ethical conduct and professional behavior. They must adhere to ACCA’s Code of Ethics and Conduct, which sets out principles such as integrity, objectivity, and professional competence and due care, confidentiality, and professional behavior. Members are required to apply these ethical principles in their daily work and decision-making processes.