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ACCA practising certificate application

Is it worth it?

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I'm applying for an ACCA practising certificate and have been told by the ACCA authorisations team that my unpaid experience won't count towards the time-served requirement. Other ACCA departments have suggested otherwise. Erring on the side of caution, I need to find at least 8 months of paid employment with an ACCA approved employer as an employee or subcontractor to complete all the practising certificate requirements. Working in a practice is preferable but not essential. 

I'm struggling to get any response from ACCA about subcontracting. Does anyone know if I can subcontract through a Ltd company which I'm the sole director of? Would any work undertaken in this way be eligible under the new practising certificate requirements?

There are other options I could pursue but it would mean I would have to resign my membership from ACCA which seems a real shame given all the commitment, time, sacrifices and expense I've already incurred to this point.

 

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By rockallj
19th Mar 2020 11:11

I qualified under ACCA 20 years ago. Although having the necessary skills and experience I couldn't have my PCTR signed off to their satisfaction.

After years of deliberation and only limited to bookkeeping, VAT and payroll work I resigned. It was a tough call for ages and I was loathed to give up my hard worked for letters. You should have seen the snotty tone of the reply from ACCA telling me to give back my membership certificate which I have never done.

Once I made up my mind about 10 years ago, I’ve since been licenced under AAT and never regretted it. in fact, I rue the years that I prevaricated! Good luck!

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By kate_1834
19th Mar 2020 11:57

Thank you for your honesty. Is your business mainly SME focused?

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By rockallj
19th Mar 2020 16:18

@kate_1834.

You're welcome. Yes all my clients are SMEs and not being ACCA hasn't held me back whatsoever. I do occasionally have to say I am qualified, or I qualified 20 years ago, but no client has ever asked what professional body I belong to.

BTW it is an all or nothing thing. You can't just have a practising certificate with another body instead and stay an ACCA member, it's full resignation.

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By kate_1834
19th Mar 2020 17:50

Everyone has been very upfront about the implications so far, at least with me anyway. Your experience echos that of others which is useful to know. It's clearly not a decision to be taken lightly.

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