How and why I helped my company become an ACCA Approved Employer

theaccablog —  1 July 2014 — Leave a comment

approvedemployer1July

by ACCA student blogger Adhitya Fadriansyah

One year ago, I assisted my employer to become one of the first ACCA platinum approved employers in Indonesia. While it is usually initiated by the employer, we as the students can in fact contribute to the process. In this article I would like to share the benefits the can be gained from it, as well as the process required.

Why? What’s the benefit?

For the student, we can get the ACCA qualification faster by applying for the Performance objective exemption. This does not mean that you did not need to complete the performance objective – it is only a faster track to obtain membership by removing record keeping effort to demonstrate that we have met the minimum requirement. Bear in mind however that this is at your employer’s discretion.

For the employer, the approved employer program means that your company will gain a formal recognition complying with global standard and exclusive branding without any cost at all. ACCA approved employers can also get various discounts from ACCA as well as timely news and developments within the accounting profession.

How. What is the process?

First, make sure you get support from your local management and assess whether your employer fulfils ACCA’s rigorous standard. You can contact your supervisor / manager / finance leadership team or human resources department within your organization to get concurrence to proceed. You may also need to talk to your local ACCA representative to know whether your organization is eligible to apply for the approved employer program.

Once you have support and alignment with your local management and ACCA representative, the process is very straightforward. Your employer will need to apply online or complete a form containing background information about your company. Once it has been submitted, the ACCA representative will start the corroboration process, either through an interview or via email. After that, your employer will receive a notification on the outcome of the request via email.

The approved employer status will be valid for three years. After three years, ACCA will need to reconfirm that the details for your organization are still valid.

What are you waiting for? 

Are you nearing the completion of your ACCA program? Does your company support your study? Have you completed the Practical Experience Requirement established by ACCA? If the answer to all these questions is yes; I would suggest you begin to discuss with your management and to engage your local ACCA representative now, to start the process. From what I can see, it is a three way win-win-win situation for all – you, your company and for ACCA as well.

Further information on the approved employer program can be found on this page.

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