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ACCA Examination fees vary according to the Levels you appear for, when you decide to enter, and where you choose to take the examination - Classroom Learning Programme or #ACCA Online Study Programme.

Since the total time ACCA certification takes is a minimum of 5 years, for you to avail the lowest examination fees, you can opt for signing up for ACCA courses early on and log in to the exam window whenever possible in between that period. Below is an approximation value of the ACCA examination costs:
ACCA Initial Registration Fee (A One-Time Registration Fee is what a student must pay during joining): £79
● Annual Subscription Fee (Annual Subscription charges are due each year to retain the student status as active): £112
● Re-registration Fee (ACCA students failing to pay charges will have their names formally removed from the ACCA admissions register, so they must re-register in addition to unpaid charges for being reinstated as an ACCA student): £79
● Applied Skills Examination Fee (6 Papers): £103-307 each
● Strategic Professional Essentials (Business Leader) Examination Fee (1 Paper): £180-321
● Strategic Professional Essentials (Business Reporting) Examination Fee (1 Paper): £129-350
● Strategic Professional Options Examination Fee (4 Papers): £129-350 each
● Ethics and Professional Skills Examination: £78
Total Examinations Cost (excluding Applied Knowledge Module): £1,521-3,991
Total ACCA Cost (including subscription requirements for five years): £2,160-4,630
(Please note that the student will also need to appear for the Applied Knowledge Module at the local Centre whose price will vary by location).
Salaries for ACCA Professionals
All these figures and examinations must make you fret and bogged down with the ACCA study pressure already weighing you down, but don’t worry, there is always light at the end of the tunnel. So here below, we'll be discussing about the salaries that await ACCA professionals once they are rocket launched into their careers:
● Trainee Accountant Salary: £27,000
● Senior Accountant Salary: £45,000
● Newly-Qualified ACCA Salary: £35,000-42,000
● Experienced ACCA Accountant Salary: £60,600-97,400
● Director Level ACCA Salary: £100,000
Although salaries might vary according to location, experience and company; nevertheless ACCA Certification adds a world of difference to your CV. Once you’ve aced your ACCA Examinations, you will understand the value of certification and how it differs from an ordinary university degree in business, accounting and finance.

Career Prospects After ACCA Examinations
A world of opportunities awaits you once you have passed your ACCA Examinations. Although there is a wide range of business, management and administrative roles available for ACCA professionals, these are some of the most common departments that one can consider after ACCA Certification:
1) Audit
Auditing deals with the precision and accuracy of financial statements in business organizations. Some of the most sought after designations within the Audit departments include Internal Audit professionals, External Audit Managers, Audit Partner and Pensions Auditor, etc.
2) Taxation
Taxation Departments are some of the most respected and specialized departments that deal with the legalities of business and finance of governing bodies. They are mainly concerned with compliance issues. ACCA professionals can consider some roles: Corporate Tax Accountant, Compliance Officer, Internal Tax Specialist, Tax Advisory, Wealth Tax Specialist, etc.
3) Finance Administration
Finance Administration deals with the daily transactional or business activities of companies or organizations where an ACCA professional can fit into the roles of Assistant Accountant, Accounts Payable Clerk, Bookkeeper, Financial Controller, Finance Manager, Management Accountant and so on.

ACCA lectures; #ACCA online study; #ACCA videos; #Study ACCA with Global APC

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ACCA Examination might sound like a huge deal but don’t worry. As long as you have access to Global APC’s #ACCA lectures and #ACCA videos, you can clear the ACCA papers the first time with a refined strategy, strong determination and an effective study plan.

Here below, we have shared some expert strategies that will help you align your mind with preparation for ACCA Examinations as a first-timer:

Build a routine

However cliche it sounds, discipline is the key to success. It is most important to put oneself into a routine, and no matter what, one should follow the routine. So make sure, you build a timetable and fix particular timings for one topic each, dividing your time correctly according to what needs maximum attention and so on.

Early revision

DO NOT UNDERESTIMATE the power of early revision. This might be a tiny tip from your preschool days, but this works for literally during the most challenging phases of life. While drafting your study plan, make sure you have plenty of time for revision so you can cover the most difficult portions thoroughly when you have additional time.

Practice makes perfect
Keep yourself aware of the question patterns and answering techniques. You must know how many marks each section carries so that structuring your answers according to the marks becomes easier for you while practising. While practising writing the answers before examinations, use timed conditions and then review your answers until you finally get it all correct in the final paper.

Eat healthily

We’re not joking! As much as it is necessary to study well during exams, it is equally important to keep your stomach healthy while studying for papers. So keep yourself hydrated, eat lots of leafy veggies, and increase your fruit intake as it rejuvenates your system, leaving you energetic for more extended periods. If possible, include exercises in your morning schedule.

Stop stressing

We know that #ACCA online really frets you. Still, if you #Study ACCA with Global APC, we’ve got you covered with all study materials - right from notes, mind maps, 24/7 tutor support, mock exams, mnemonics based teaching approach and more, you ought to pass ACCA with flying colours!! So what are you waiting for? To enrol yourself with our #ACCA online program and if you’re a newbie, watch one of our demo courses at: https://www.globalapc.com/courses.

And now, we have some practical tips for setting your ACCA study plan right in place:
● Recreate exam conditions while doing practice sessions

● Do plenty of revisions of topics that you find difficult

● Do not leave anything unfinished

● Structure your answering schemes

● Carefully go through your mistakes in practice sessions and see how you can improvise

● Identify your weaknesses while in practice sessions

● Use mind maps while making notes

● Read the paper carefully before starting to attempt the answers

● Download mock papers from https://www.globalapc.com/shop and solve as many as you can

● Think about the marking scheme before starting to answer the questions

● Identify the relevant information before you write the answer

At Global APC, we provide online study materials, 24/7 tutor support, original notes, mind maps, mock papers, focused insights, and much more. So if you want to ace your ACCA as a first-timer, look no further and join www.globalapc.com to accelerate your #ACCA online studies.

ACCA lectures; #ACCA online study; #ACCA videos; #Study ACCA with Global APC

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If you have a severe interest in finance management and are waiting for that big professional jumpstart towards a gifted career, look no further and enrol to #Study ACCA with Global APC, wherein you join genuinely as a global citizen welcomed by the international community of more than 200,000 chartered accountants working in over 180 countries.

Before you know how rewarding the ACCA professional course is, let’s get you acquainted with the Certification Basis. The #ACCA online study is the most comprehensive form of certification currently available, the module consisting of 15 examinations, the Ethics and Professional Skills Level and an additional 36-month on-job training experience requirement on completion of which you join the global employees' network of 200,000 accountants.

We will now delve into the six reasons why you must pursue ACCA:

Complete Flexibility - Although ACCA needs your time and effort (read passion and interest), it is today's most flexible professional course. The learner can choose either to #Study ACCA with Global APC in online mode by attending the live classes and webinars or enrol in the offline mode to access the #ACCA lectures and #ACCA videos from experts teaching materials at their own pace.

World of Opportunities - #ACCA online study has literally opened up a world of opportunities where students can digitally connect and interact with instructors around the globe. At the same time, simultaneously apply for internships, training and jobs during the course itself, which earlier was a tedious process for learners to separately focus on the course requirements and then to adjust schedules for preparing applications for internships and so on.

Peer-to-peer Learning - The pandemic has made e-learning more popular than ever, and #ACCA online study is receiving more applications than ever. This, in turn, has made peer-to-peer learning highly advantageous, and students sitting in Malaysia can now connect with those sitting in Zambia and conduct a group study session. Learning has become more interactive, more sharing and more fun, so don’t waste your time any further and quickly enrol to #Study ACCA with Global APC.

Earn like a King - You must have seen #ACCA videos, and you’ll immediately know that it is a professional accounting and finance course that literally earns you a golden ticket to a diverse range of income opportunities. You can work in an ordinary organization and demand a higher salary than the rest owing to your ACCA credentials.

Enhanced Career Potential - ACCA is one of the handful of accounting and finance courses that actually prepares you for various strategic, administrative and business management skills at cost-effective fees, thus boosting your career potential to an extraordinary degree.

ACCA all the way - Unlike other professional courses, ACCA does not burden you with the completion of an entire course to qualify for certification. ACCA has multiple levels ranging from Foundational to Ethics and Professional Skills Level. Whether you complete the full or not, you will be awarded certification according to the level you are on. This means, if you pass the Applied Knowledge and the Exams but lag behind in the additional experiential requirements, you will still be an ACCA Associate. If you fulfil the complete certification requirements and the Levels, you’re then a chartered accountant and an ACCA member both. So whether you are thoroughly done or halfway, you’re worth as long as you are an ACCA learner.

With recognition in over 80 global councils and a robust curriculum to suit 78 long term career options, ACCA has revolutionized Accounting and Finance Studies. As the demand for e-learning services boom, now more than ever, ACCA online courses boast of a great career potential no matter where on the globe you are located.

Here's a step-by-step ACCA qualification levels guide to help you determine where to start from:

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Foundations Level: If you are a beginner with no prior knowledge of accounting and finance, you will start at ACCA's GCSE equivalent or the Foundation level.

Applied Knowledge Level: Combining 5 GCSE and 2 A-levels makes ACCA's second stage known as the Applied Knowledge level. However, having an AAT qualification is advantageous as it exempts one from the ACCA Applied Knowledge level. One can directly qualify for the Applied Skills Level if you have AAT.

Applied Skills Level: Applied Skills is a higher degree having more relevance to those who have formally studied Finance and Accounting. It is the Diploma Equivalent in ACCA Accounting and Business.

Strategic Professional Level: This is the highest and final level of ACCA studies that can be pursued after completion of Applied Skills or exemption of Applied Knowledge and Applied Skills Training Certifications.

Once you have completed the ACCA levels, you must be wondering what's the buzz surrounding it; ultimately, it's just another accountancy course. In this section, we'll tell you how ACCA online is different from the mainstream finance and accounting discipline:

Learning Flexibility- ACCA online and offline learning modules are highly student-friendly and come with greater learning flexibility equipping modern learners with adaptive schedules to manage work with education.

Global Recognition- ACCA is now recognized internationally among more than 80 accountancy partnerships and has job opportunities in the Big 4 spread across 181 countries.

Robust Curriculum- ACCA online learning curriculum is developed in an efficient manner where learners can access relevant industry knowledge and skills to gain required proficiency through real-time updates

Enhances Career Opportunities- ACCA enhances long term career opportunities as it trains one for senior strategic roles in multiple industries, including multinational corporations and others like finance, hospitality, accounting, fintech, research, etc.,

Reasonably Priced- ACCA is a rocket launcher where career opportunities at low costs are concerned. ACCA program prepares one in a faster and cheaper way for diverse roles in industrial management at extremely reasonable education fees as low as 2 to 3 lacs.

Since you have already seen the benefits of opting for ACCA online and offline courses, we'll now browse through some of the most offbeat roles among the plethora of job opportunities available for ACCA graduates:

(i)Chief Financial Officer: Tasks may include-

● Supervising the organization's quarterly and annual financial planning

● Managing organizational risk management

● Overseeing an organization's investment strategies

● Considering the organization's liabilities, liquidity and investments

Annual Salary: $393,377 (approx)

(ii) Internal Auditor: Tasks may include-

● Reviewing organizational overall business performance

● Evaluation of risks, profits, losses, assets, frauds, etc.

● Ensuring organizational compliance with relevant laws and statutes

● Making recommendations on governance processes

● Maintaining efficacy of internal audit procedures.

Annual Salary: $59,705 (approx)

(iii) Forensic Accountant: Tasks can include-

● Creating and maintaining data sheets

● Preparing forensic research assets

● Undertaking analytical interviews and accounting reports

● Attending court briefings and conducting forensic analysis

Annual Salary: $70,500

(iv) Compliance/Governance Officer: Tasks can include-

● Developing and Implementing the organization's overall legal compliance programme

● Coordinating with regional and national legal regulators

● Maintaining regional and national tribunals

● Checking implementation of industry standards in organizational product management

● Planning risk-related finance management

Annual Salary: $94,600

These were some of the most offbeat career options in ACCA. At the same time, the rest that can be explored are Credit Control Manager, Insolvency Practitioner, Management Accountant, Risk Manager, Funds Manager, Group Accountant, Business Advisor, Business Analyst, Tax Accountant, Treasurer, Financial Analyst, Accountant, and much more.

The final level, Strategic Professional, can only be started if you've completed Applied Knowledge and Applied skills or have been awarded exemptions due to other qualifications and experience.

Study ACCA qualification online

If you want to ace your ACCA studies, choose ACCA APC Online Course at www.globalapc.com

We offer highly flexible study options enabling you to pass your ACCA exams easily.

ACCA online; #ACCA lectures

My name is Steve Chen, a fellow member of ACCA and course director at APC (www.globalapc.com), teaching ACCA online courses to students from all around the world.

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Accounting students may have studied many ratios in analysing the company’s performance. When I was teaching ACCA Financial Reporting in a few years ago, one of my classroom students asked me a question and surprised me.

‘Steve, I think profitability ratio does not matter for a business. However, liquidity and gearing ratios matter as these ratios can be used to assess whether the company’s position is safe. Therefore, the value of the company derives from liquidity and gearing ratios’.

I must admit that liquidity and gearing ratios are essential to analyse whether a business is safe. However, the business share price may be primarily affected by profitability ratios rather than the other two in many cases.

Gross Margin:

Calculation: Gross profit x 100%

                Sales revenue

This is the profit of the sale of the product or rendering of service, before considering any administrative, interest and tax expenses. Here are some ways that the gross margin ratio could be improved:

Increase the selling price. However, a business must consider the potential implications for product sales if the customers are price sensitive. This means that if the price is high, this may lead to a reduction in sales volume, and hence the total sales revenue would reduce.

Reduce costs of sales by reducing the materials costs, labour costs and other production overhead such as rent expense. However, such a reduction may lower product quality, and may lead to a further reduction in sales revenue.

Reduce stock wastage. Stock waste is common in supermarkets, for instance, deli food wastage. Improving ways to manage stocks could result in fewer inventory write-offs and an increase in gross margin.

Offer bonus payments to employees. This could improve the sales revenue because more units may be sold by sales staff, given that they feel motivated by the bonus payment.

Changing the sales strategy. Businesses may change the sales mix of their existing products or strategies. For instance, some businesses may have loss-making products to attract customers, and after the customer has bought those products, higher margin products could also be sold to improve the gross margin. An example of this is Fiverr (https://www.fiverr.com/) where lots of freelancers offer their services at a super low price aiming to attract long term, higher margin customers.

Reduce the number of unprofitable customers. Some customers may be corporate customers; for instance, they usually buy products in a larger volume than individuals. Some of these may not pay on time, or haggle for a very good price, and effectively, they are reducing the business’s normal selling price considerably. Cutting the number of these customers could potentially improve gross margin.

Improve information systems. For instance, for many car agencies or real estate companies’ vehicle or property holdings information is updated quite frequently, enabling them to see the stock information regarding their cars and houses. By monitoring these closely, companies can turn those stocks more quickly into profit.

The gross margin of the company needs to be compared with other companies in the same industry to determine whether the company is performing well or not. Gross margin in service industry businesses such as accountancy and legal firms tend to be higher than those in capital-intensive companies. Gross margins of different industries can also be compared, enabling the investors to see which industry is more attractive to them. A useful website for comparing the ratios of different industries is https://csimarket.com.

Operating Margin:

Calculation: Operating profit x 100%

                Sales revenue

This is the profit ratio after considering all inventory costs and administrative costs but before interest and tax paid. Operating profit is sometimes referred to as profits before interest and tax (PBIT) or earnings before interest and tax (EBIT).

The operating margin could be improved in the following ways:

The above ways to improve gross margin could also improve operating margin.

Reduce the number of dealers. For instance, cutting the number of agents selling products on our behalf could potentially reduce the commission paid and, therefore, marketing and distribution overhead. However, the downside of this is that total sales revenue may be affected, particularly for those industries where customers would usually buy products from dealers or agents rather than from the manufacturer. Examples of these include car industry and fast moving consumer goods (FMCG) sector companies.

Reducing management remuneration. However, a lower quality management team may be recruited, and this may end up adversely affecting the business’s long-term growth.

Outsource certain functions. Many large businesses nowadays such as Huawei and Citibank have set up finance-shared service centres, cutting the management costs of not having separate finance departments in each group company, i.e., there is only one centralised, shared, service centre working for all companies in the same group.

EBITDA Margin:

Calculation: EBITDA x 100%

                Sales revenue

Many large businesses nowadays calculate ‘EBITDA margin’ or Earnings Before Interest, Tax, Depreciation and Amortisation. This is to add back depreciation and amortisation expenses to the earnings before interest and tax.

It is slightly different from the operating margin because this measure enables investors to compare the profitability of different companies. Different companies may calculate depreciation or amortisation expenses using different methods. By excluding these elements, profitability is not easily distorted by methodologies.

Pretax Margin:

Calculation: Earnings before tax x 100%

                Sales revenue

The operating margin of some businesses may be high but their pretax margin low. The difference between these two is that the pretax margin also includes the interest expense element in the calculation. Some businesses may rely heavily on debt finance to operate their businesses, and therefore, they tend to pay higher interest expense compared to others, leading to a lower pretax margin ratio.

Net Profit Margin:

Calculation: Profit after tax x 100%

                Sales revenue

This ratio measures the profit after considering all expenses in a business. The pretax margin excludes tax expenses. However, the net profit margin includes tax expenses. Tax expenses in different companies are different because of varying tax rules applied to the treatment of disallowable expenses and tax-exempted income.

TTM/5YA/3YA:

Investors’ websites, agencies, and magazines may calculate and mark company’s ratios as a TTM (Trailing 12 Months: for one year), 5YA (on average for the past five years), 3YA (on average for the past three years) or on a quarterly basis.

Vertical and Horizontal Analysis:

The above profitability ratios (gross margin, operating margin, EBITDA margin, pretax margin and net profit margin) are in percentage terms (%). The method to calculate these ratios is called vertical analysis, i.e., dividing profits (bottom figure) into sales revenue (top figure).

Another method of presenting these ratios is to use trend or horizontal analysis. This means to calculate the changes of these profit margins over time. For instance, the gross margin was 25% in year 1 and 28% in year 2, so the gross margin has increased by 3% from year 1 to year 2.

In addition to providing ACCA lectures online, I also wrote articles in ACCA AB magazine. Besides, I am the author of four accounting books. If you are interested in studying ACCA courses with me, please visit my website http://www.globalapc.com for further information, where you can find many of my ACCA demo video lectures.