Have you always wondered how to become a chartered accountant? Many people are looking into how to become a chartered accountant for the opportunities it presents. Experts in the field are constantly sought after by nearly all companies and organisations, opening many possibilities for aspiring accountants. They’ll also be able to provide for themselves and their family, as a chartered accountant’s salary is an average of S$82,000. Here are the three tips for becoming a chartered accountant.
1.) Get your education.
It’s crucial to get a proper foundation through education. Not only will this help you with the basics of accountancy, but it can also provide you with on-the-job training. You need to go through three years of training before you’ll be able to take the certification exams. You must complete several modules in your education to become a chartered accountant. Look into finance, business, or accounting certification. Try to find a certificate that can cover all three to have an even stronger foundation.
2.) Professional and ethical development.
To become a chartered accountant, you need at least three years of on-the-job training to build up your experience. There will also be tests and training for your ethics, so you’ll become more confident in making the right decisions. It is especially crucial as chartered accountants make critical financial decisions for the company.
3.) Complete the ACA qualification.
The ACA qualification puts together all of these requirements in one course, which makes becoming a chartered accountant even more accessible. To pass the ACA qualification, you must complete 450 hours of practical work experience, complete 15 exam modules, undertake professional development, and advance your ethical understanding. By completing this qualification, you will only have to take one route to become a chartered accountant.
Are you looking to complete your modules to become a chartered accountant? ICAEW offers the CFAB Qualifications, which covers six of the fifteen modules of the ACA qualification. ICAEW also provides the ACA qualification, which makes becoming a chartered accountant easier than ever. Visit their website for more information.
