Hang tight while we fetch the video data and transcripts. This only takes a moment.
Connecting to YouTube player…
Fetching transcript data…
We’ll display the transcript, summary, and all view options as soon as everything loads.
Next steps
Loading transcript tools…
DON'T TAKE ADMISSION IN ACCA BEFORE WATHCHING THIS VIDEO | HARSH REALITY OF ACCA | FULL DISCLOSURE - AI Summary, Mind Map & Transcript | Commerce Specialist | YouTubeToText
YouTube Transcript: DON'T TAKE ADMISSION IN ACCA BEFORE WATHCHING THIS VIDEO | HARSH REALITY OF ACCA | FULL DISCLOSURE
Skip watching entire videos - get the full transcript, search for keywords, and copy with one click.
The ACCA qualification, while globally recognized, presents significant challenges including being time-consuming, expensive, and demanding, with potential career limitations if not approached strategically. The video aims to highlight these drawbacks and offer actionable advice for aspiring and current ACCA students.
Mind Map
Click to expand
Click to explore the full interactive mind map • Zoom, pan, and navigate
[Music]
in this video I'm going to tell you
about the Dark Side of Acca
qualification look I'm not against Acca
I've been teaching it for the last 28
years so as your Mentor it's my
responsibility to tell you not only the
advantages of Seca but the drawbacks as
well while ACCC is an internationally
recognized accounting certification
which is accepted in many countries
it has many limitations so let's explore
the challenges you'll come across while
pursuing this part the best part of this
video is that I'm not going to only talk
about the Dark Side of Acca I'm going to
give you useful suggestions how to
overcome those obstacles so if you're
considering Acca or you're currently
enrolled stick around you may want to
hear this hi I'm the Commerce specialist
welcome to my channel where I cover
learning outcomes of various academic
qualifications and professional
certifications including life-changing
business ideas and hacks the very first
drawback ACC has is that it's timec
consuming and it's
expensive now when I say timec consuming
it has 13 papers you have to pass 13
papers to get certified and the average
time for most of the students to
complete Acca is around 3 to 4 years I'm
not talking about the above average
students who may completed in 2 2 and A2
years but generally on an average
students take around 3 to 4 years to
complete this qualification the other
issue with Acca is that it's very
expensive you have to pay initial
registration annual subscription you
have to pay for the exam fees of the
paper and obviously you have to pay the
tuition fees so we are talking about
tution fees of 13
papers exam fees of 13 papers unless you
qualify you have to pay annual subscription
subscription
and if you fail in any of the papers
which is quite normal you have to pay
again for the exam fees here I emphasize
I'm not talking about those students who
do it super quick because exceptions
cannot be taken as examples so the
drawback we just talk about is that it
is expensive and timec consuming what
can you do about
it the best way to come out of it is
that there should be a minimum time Gap
between you completing the cabus and
appearing in the exam the bigger the
time gap between completing your cabus
and giving the exam the higher the
probability that you're going to fail
and if that happens it's going to extend
your Acca period you're going to take
longer to complete it and obviously it's
going to cost you more I always
recommend my students do not abuse accs flexibility
flexibility
of giving one paper at a time if you do
that you'll end up completing Acca in
Donkey years other issue with this
qualification is the passing
percentage though Acca clearly says that
the passing marks is
50% but getting this 50% is a task
understand that Acca is primarily in
English most of the Asian students find
difficult passing Acca not because of
the subject but because of the language
barrier because most of the ASN students
English is not their mother tongue for
students who have English as their
mother tongue they don't have much
difficulty but for others they really
have to work on their language skills
because if you cannot understand the
question how would you solve it let me
tell you don't get carried away with the
passing percentage which is 50% as I
told you 50% scoring 50% is a task ACC
is a tough qualific ific ation you
really have to earn it it requires
serious commitment consistency and
perseverance which most of the students
lack most of the student think that if
they enroll in Acca they will come out
certified but that's not the case you
really have to work hard to pass the
exam especially certain papers I don't
want to name them so now what you can do
to overcome the difficulty level of Seca
papers my humble suggestion to you is do
not not attempt to study Acca paper on your
your
own unless you are a super genius you
are way above average you have
accounting background now here I want to
tell you most of the students they think
they have studied Accounting in their
college or school so yes they know
accounting let me tell you the way to
approach Acca syllabus is entirely
different than what you have studied in
your school and college so even if you
have the background around make sure you
study with a specialist you have to do a
lot of research find who is the
specialist in that particular paper
obviously if you study with a specialist
it's going to cost you but don't look at
it as a cost look at it as an investment
it's an investment which will give you
lifelong returns so I'm giving you a
disclaimer I'm not promoting myself but
I'm just giving you an example here many
students contact me and in the end they
says uh sir you are very expensive so
let me tell you yes I am expensive I am
not selfposting but I'm telling you
quality will never come
cheap you may find teachers who are just
starting to teach Acca they
experimenting on you you may find
teachers who have accounting
qualification but they may not have
relevant certification to teach a
professional qualification and there are
many in the market you you won't have
difficulty finding that there are many
in the market so I want you to
decide is it right to study with an
inexperienced teacher with a
quack what happens in the end in the end
you don't finish the syllabus you don't
know the content well and finally you
end up failing the paper when you fail
the paper you not only lose your money
you lose your time you lose your
motivation and
self-confidence and by repeatedly trying
to do so you arrive at a conclusion that
ACC is not my piece of cake so my advice
to you is study with a specialist I'm
not talking about myself study with
anybody who has been there who has done
that who has the experience so that you
get rid of the paper in the first go
other issue with ACC qualification is
since the exams are very rigorous along
with it comes immense stress the
pressure to perform well is immense
especially when you're juggling with
work study and personal life and this
leads to burn out for many students and
let's not forget the stress of resetting
the exam if you fail my suggestion to
beat stress is a foolproof preparation
with a specialist make sure you have
completed your syllabus you have done
your revision kits you have done all the
practice material you have done the
three marks and never sit in an exam
unless you score 70 plus in your mock
exams one issue with Acca qualification
is that yes even after completing Acca
sometimes you may feel disconnected with
the world many students find it
challenging to apply what they learn in
books on practical situations while Seca
gives you the knowledge but the
application of that knowledge might be
difficult without hands-on experience
what best you can do is choose your
faculty choose your tutor choose the
person you're studying with and make
sure that person has been in the
industry if your tutor does not have the
Practical experience for example if
you're studying audit and your teacher
is just ACC qualified he or she has not
done audit themselves how can they tell
you about the practical application they
can only tell you what's there in the
book so research in this area is your
responsibility make sure your teacher is
from the industry and fully certified so
that you can get the best of both worlds
another problem with ACC qualification
is though it is globally recognized but
most of the time it does not match with
the local requirements of a specific
country while this qualification is
highly recognized in many countries but
at the same time other countries don't
know about Acca what is Acca some call
it AKA I mean many people tell me what
is AKA because I've traveled different
countries so I'm just telling you this
issue can limit your job prospect
especially if you're targeting a
specific local market the other problem
is the Big
Brother the big brother is you know Acca
called Chartered
Accountants Big
Brothers now most of the countries have
their own chartered account
including UK UK have Institute of
Chartered accountant of England and
Wales which produce Chartered
Accountants India has Institute of
Chartered Accountants of India Pakistan
has insur chared accountant of Pakistan
so on so forth so if you are an Acca
let's suppose you are in Acca and you're
trying to find job in
India let me tell you I'm not
demotivating you in organization where
ca means charted accountants hold top
designations and positions they never hire
hire
secs they form Lobby and they only hire
Chartered Accountants so it is difficult
for ACC to get into those
organizations if at all they hire you
they make sure that you don't get a
dominating position a top position it
will always be held by them so I'm not
only talking about Chartered Accountants
even I'm talking about CPS so
organization where there are chartered
account accountant and
CPAs if you're trying to get a job into those
those
organization bright chances are that you
will not be able to make it if at all
you are able to make it you will get you
will not get the desired position or
quick career progression because there
is always a chared accountant sitting on
top and making sure that you don't
progress I'm not against Chartered
Accountants or CPAs but I'm just telling
you the Ugly Truth so what can you do
about it on a lighter note do the same
if you are an Acca working in an
organization you dominate the finance
department make sure you don't hire CPAs
or other chared accountants on a serious
note what you can do is make sure that
you have additional skills some
additional certifications in data
analytics business modeling uh
blockchain you know the Contemporary
ones which are related to accounting and
finance so that you're able to counter
the difficulties another Dark Side of
the story is that while Acca is getting
more and more popular day by day at the
same time the supply of
accca is increasing and the basic rule
of economic if the supply is high the
demand goes less if every second person
is an
Acca obviously there are so many acas
and they're chasing fewer
jobs so there will be Cutthroat
competition and this over Supply of Acca
makes it harder to stand out especially
when you're starting out so what's my
suggestion here yes it's a reality that
there are so many accs certified
professionals already in the market and
you are about to become one what you can
do is you must work on your skill sets
now when I say skill sets I'm talking
about soft skills I'm talking about
technical skills I'm talking about
certification some courses which are
relevant to accounting and finance what
I would advise you is just hunt and
Target Target one specific industry one
specific company check what softwares
are used there what skill set are
specifically required in that industry
in that company try to polish them
before you apply there once you apply
them they look at okay this person is
not only ACC certified but has the
specific skill set whether it be soft
skills or technical skills which are
pertinent to their company their
industry and I can assure you you will
be hired other issue facing this ACC
qualification is the lack of
specialization now if you ask me last 28
in fact 28 plus years I'm into teaching
this qualification is like if somebody
tells me that he or she is an Acca the
way I look at them is they will have
expertise in audit financial reporting
and maybe taxation this is what I look
at even if you look at the optional
papers we talking about Advanced
taxation Advanced Financial Management
Advanced Performance Management and
advanced audit what about forensic data
analytics business modeling and there
are so many new niches which are coming
now which requires a lot of attention
which is catching attentions of
Industries and employers do you have
that skill set the answer is no
here you and I cannot do much Acca has
to play a role here let me tell you Acca
is also suring researching about new
trends and they're trying to incorporate
into the curriculum though you can't do
much about it but you got to be
proactive in this area and as I said
earlier you got to have additional and
contemporary skill sets as a fully certified
certified
accca sometimes you find it difficult to
get a job why because you don't have the
experience if you compare yourself with
Chartered Accountants they already have
by default 4 years of practical
experience so when you compete with
chartered accountant in fact I would say
there is no competition many employers
value experience just as much if not
more than your qualification if you're
just starting out you may find the need
to prove yourself in your organization
before advancing despite holding Acca
qualification now my recommendation how
how you can beat this Gap the Gap I'm
talking about is like you SEC having no
experience and C is having four years of
training what you can do is as soon as
you finish your first nine papers make
sure by this
time you have somebody in your network
who's working in the big four or big
seven it is mandatory for all accs
students to work in
big four or big seven audit
firms at least for a couple of years
once you are done with this you are a
hot cake now you can go into any
industry of your choice but if you ACC
qualification without experience is
nothing I'm not demotivating you I'm
just telling you the truth another issue
ACC students face is the exam structure
you know that recently all the exams are
online what about students who are
computer shy what about about students
who don't have a very high typing speed
what about students who are not very
well worse with Excel with spreadsheets
so here what you can do is make sure you
have enough practice on simulators I'm
talking about using Acca study Hub or if
you're studying with a professional
teacher they will provide you with
proper Acca marks marks with which are
on a similar software so that you you
understand on the day of exam what to
expect on the screen what tables to use
where are the tables where are the
calculators how to type where to type so
on so forth and one pro tip I would like
to give you is if you want to excel in
your ACC exams apart from knowing the
cabus you have to be very very good at
your typing speed and you should be very
Prof icient in Excel the last issue with
Acca is unclear return on
investment and what do I mean by
that look while ACC can open doors to
many opportunities the return on
investment is not always clear
especially when you look at the cost of
completing the qualification and the
amount of time invested into the
qualification so when you look at these
two it does not always guarantee a
highly paying job right away so you have
to have that patience
many Acca students find themselves
working in roles which does not justify
the time and money they have spent
earning the
certification the key here is patience
what I suggest to all my student is you
have to be very careful when you're
selecting an industry and a company
within an
industry make sure the company you're
choosing understands the value of AC CCA
has a clear progression path do not get
carried away if you get a job in a small
company even if it is high paying but
let me tell you smaller companies
doesn't have hierarchies they don't have
career progression paths they don't have
adequate succession planning so you may
get stuck in a particular role for a
long time without adequate promotions
and incentives so guys I've tried to
highlight most of the issues facing this
qualification while a CC qualification
is highly respected but it's not
sunshine and rainbows all the time my
suggestion to you is let not these
drawbacks and the darker side of Acca
scare you as every qualification has its
pros and cons what you have to do is
follow the suggestions I've given you
definitely you will overcome these
issues so guys do let me know whether
you agree with the limitations I've just
discussed with you also let me know how
you found my suggestions to overcome
these challenges guys if if you're not
yet subscribed to my Channel Please
Subscribe that's one way to show that
you value my work and you want to
support my channel don't forget to like
subscribe and hit the Bell button for
more career insights if you like this
video please share it with your dear and
near ones so that others can also
benefit thank you so very much for your
precious time love you all [Music]
Click on any text or timestamp to jump to that moment in the video
Share:
Most transcripts ready in under 5 seconds
One-Click Copy125+ LanguagesSearch ContentJump to Timestamps
Paste YouTube URL
Enter any YouTube video link to get the full transcript
Transcript Extraction Form
Most transcripts ready in under 5 seconds
Get Our Chrome Extension
Get transcripts instantly without leaving YouTube. Install our Chrome extension for one-click access to any video's transcript directly on the watch page.
