Qualifications to become an accountant in the UK Case Study

Qualifications to become an accountant in the UK - discipline Study ExampleThe accounting sector has revolutionised from what it was some decades ago. With the introduction of the internet and the popularisation of e-commerce, there is a need to incorporate some versatility in this profession. Gone argon the days when accounting was thought to be something that involved numbers only. These days, accountants are postulate to be more analytical than technical. (British Expats, 2007)The Institute of Chartered Accountants in England & Wales (ICAEW) is the largest accountancy body in Europe. It is seen as a body that yields financial qualifications of a reputable level. The ICAEW has somewhat one hundred and twenty seven thousand members where twenty percent of these members happen work and live ion regions move outside the United Kingdom. This qualification is really relevant because it equips individuals with the ability to work in diverse areas of business. (ACCA, 2008)In consecra te to enrol for an ICAEW qualification, a student needs to be above eighteen years of age. On line of longitude of this, they are required to have passes in GCSE and A-level. For the latter case, they should have two of those passes but for the former, they are required to have passes in 3 subjects. This must include English and mathematics. However, there may be exceptions for this, if a student has enrolled for AAT-ACA. This is a fast track course that facilitates students who plan on enrolling for ICAEW qualifications. Sometimes some worldwide students may not have some of the above named requirements but if they have completed bachelor degrees past they may be allowed to join. Besides this, the main exemptions that exist for these particular qualifications are those students who have passed CIMA exams, ACCA finalists. This is something that has to be confirm from the ICAEW centre. Also, candidates who have passed some of the exams in the sea captain coiffure of the qualific ations may obtain credits for this. For the points required to immortalize this accounting qualification candidates must have a minimum of two hundred and twenty tax points in UCAS or in general, they can have eighteen points. Besides this, for those entering using the road of degrees, the requirement is that candidates should have a first degree.Exams are normally conducted in two stages. The first is called the professional stage. In this stage, individuals are required to do twelve exams. These exams are normally conducted through computers and on total most of them last for one and a half hours. Candidates are expected to do application found modules. Examples of subjects covered in this area of study include taxation, financial reporting, business management, business finance, audit authorisation and accounting. These are subjects that are normally based on company law,. These are supposed to be sestet in number and normally take up about two and a half hours on average. The second stage of the exams is called the advanced stage. In this latter case, candidates are required to do two exams and are also expected to do one case study. Some of the topics to be taken in this stage include