• Mon. Jun 24th, 2024

North East Connected

Hopping Across The North East From Hub To Hub

ACCA vs an accounting degree – which should I take?

ByDave Stopher

Aug 7, 2019

If you’re interested in working in the finance sector, then a career in accountancy might be a good option. However, finding the right degree can be a bit of a challenge. It’s important that you determine which route is most appropriate for you in terms of getting an accounting qualification. Usually, students will choose between studying an accountancy degree at university or learning with an ACCA course. This article will hopefully give you some insight into which one is better for you.

Accounting degrees are provided by a university which means at the end of your studies you will have an undergraduate degree. The degree will provide you with academic knowledge of the accountancy field which is extremely valuable if you’re hoping to acquire a job in this industry. Finding the right job won’t be a walk in the park but there are lots of opportunities, particularly for candidates who have potential.

Alternatively, you could consider studying the ACCA. ACCA is a body for professional accountants which offers a qualification that is recognised globally. By contrast to studying an accounting degree, the ACCA takes less time to complete and therefore, you’ll be qualified quicker. However, it should be noted this is not recognised as a degree. Therefore, having an accounting degree will probably provide you with more job opportunities than studying the ACCA course, but if you’re looking for an entry-level job in the accountancy world, the ACCA course will stand out to potential employers.

Having a degree is very highly regarded in the job market, however, the ACCA course will focus specifically on the principles and technical aspects of accounting. This is good for a lot of people because you can gain professional accountancy skills. The ACCA means you will still have the opportunity to work in the industry and although there will be challenges that come with this, as long as you tackle them head on and show initiative, you will have a great experience which is what matters most at the end of the day.

Ultimately, it all comes down to what you want to achieve in the industry and how ambitious you want to be. Perhaps university is not for you and you want to earn your qualification quickly. Alternatively, you may want to study for a longer period and learn more about accountancy as a career. Either way, there is an option for you.