3 Requirements to be awarded ACCA Membership

Achieving ACCA membership is a prestigious milestone for aspiring accountants, signaling expertise, professionalism, and a commitment to global standards in the finance industry. To become an ACCA member, candidates must meet three key requirements: passing the ACCA exams, completing the Ethics and Professional Skills Module (EPSM), and fulfilling Practical Experience Requirements (PER). Each step is designed to ensure members possess the technical knowledge, ethical grounding, and practical experience necessary for a successful career in accounting and finance.

Source: ACCA Global

1. Pass 13 Exams in the ACCA Qualification

The first and most well-known requirement is passing all 13 exams in the ACCA Qualification framework. These exams are divided into three levels:

• Applied Knowledge: Comprising three papers (Business Technology, Management Accounting, and Financial Accounting), this level lays the foundation for understanding essential business and accounting principles.
• Applied Skills: Consisting of six papers, this level builds on foundational knowledge by focusing on areas such as Corporate and Business Law, Financial Reporting, and Performance Management.
• Strategic Professional: The final level includes two compulsory papers—Strategic Business Leader (SBL) and Strategic Business Reporting (SBR)—and two optional papers chosen from areas such as Advanced Audit and Assurance or Advanced Taxation.

These exams are rigorous, testing candidates’ ability to apply theoretical knowledge to real-world scenarios. Passing all 13 exams demonstrates a high level of technical expertise, analytical skills, and problem-solving abilities.

2. Complete the Ethics and Professional Skills Module (EPSM)

Ethical behavior and professional skills are fundamental in the finance and accounting profession. To ensure members uphold these values, ACCA requires candidates to complete the Ethics and Professional Skills Module (EPSM).

The EPSM is an interactive, online module designed to develop critical skills such as communication, leadership, and professional judgment. It also focuses on ethical decision-making, which is vital for maintaining integrity in the accounting profession.

Through real-world case studies and practical exercises, candidates learn how to navigate complex ethical dilemmas and make informed decisions in professional settings. Completing the EPSM not only enhances employability but also equips candidates with the soft skills needed to thrive in leadership roles.

3. Fulfill Practical Experience Requirements (PER)

Passing exams and completing the EPSM are significant achievements, but real-world experience is equally important. Practical Experience Requirement (PER) ensures that candidates can apply their knowledge in a professional setting.

To fulfill the PER, candidates must complete at least 36 months (three years) of relevant work experience in an accounting or finance role. This experience must cover the nine required performance objectives, including areas such as technical skills, professional ethics, and communication.

Candidates typically work with an approved employer or supervisor who mentors and signs off on their progress. This hands-on experience helps bridge the gap between theory and practice, ensuring candidates are well-prepared for the challenges of the profession.

Why These Requirements Matter

The ACCA qualification is recognized globally as a mark of excellence. By requiring candidates to pass exams, complete the EPSM, and gain practical experience, ACCA ensures that its members are not only technically proficient but also ethical and professionally competent.

These requirements prepare candidates for a wide range of career opportunities in auditing, taxation, financial management, and beyond. ACCA membership also offers access to a global network of professionals, continuous learning opportunities, and a competitive edge in the job market.

Conclusion

Becoming an ACCA member requires dedication, discipline, and a commitment to personal and professional growth. By passing the 13 exams, completing the Ethics and Professional Skills Module, and fulfilling the Practical Experience Requirement, candidates demonstrate their readiness to excel in the dynamic world of accounting and finance.

For those willing to invest the effort, ACCA membership opens the door to a rewarding career and recognition as a leader in the global financial community.

Read more on Top 3 Professional Qualifications for Accountancy in Malaysia: https://blog.fame.edu.my/professional-qualifications-for-accountancy-msia/

Read more for ACCA Qualification Structure and Requirements: https://www.accaglobal.com/my/en/student/getting-started/acca-qualification-structure.html