Extra qualifications piggybacking on the ACCA?

Having achieved or studying ACCA there are other quals/diplomas etc out there for "Free"

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A junior accountant in my firm recently came to me to discuss getting his AAT quickly so he could get a pay rise. He was being provided study support for ACCA and doing fine. He said that he has spoken to AAT and they said he was already exempt from most of their exams and only had to do a few more to get their diploma. Which does come with a pay bump in my firm. His current role is fine for an AAT but comes with a ceiling if he doesn't do ACCA. He knows this. 

It got me thinking, and researching, that with the study of one qualification, how many others can you pick up for no or little extra work. The ACCA for example gives you a "ACCA Diploma in Accounting and Business (RQF Level 4)" and "Advanced Diploma in Accounting and Business" pretty much for nothing. A "BSc (Hons) degree in Applied Accounting" for a bit of extra academic work. You can get the AAT pretty easily. Probabaly get exemptions from CICM, CIMA, ICAEW, CFA, etc

For qualification junkies, what else can you think of? What about international ones too?

Replies (9)

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By David Ex
05th Apr 2024 13:41

No idea but if a “qualification” is easy to obtain, I’d be questioning its value. I’d also have a rather jaundiced view of anyone who had a string of letters after their name for such qualifications.

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Stepurhan
By stepurhan
05th Apr 2024 13:43

A lot of qualifications come with annual subscription costs to maintain them. Even when an employer pays those, that will normally be restricted to one professional body. I'd also check the qualification for a pay bump, if the firm is only expecting them to be studying one qualification.

If you want to grab an extra qualification, you could try getting MMC like Mark Lee of the Tax Advice Network. It is one that not many accountants will have, though apparently very few people asked him what it was.

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Replying to stepurhan:
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By FactChecker
05th Apr 2024 14:24

Is that the Disney imprimatur?

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Replying to FactChecker:
Stepurhan
By stepurhan
06th Apr 2024 18:34

FactChecker wrote:

Is that the Disney imprimatur?

If Mark chooses to advertise support of a cartoon rodent, who are we to question his choices? :-)
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Replying to stepurhan:
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By RetiredTax
06th Apr 2024 09:44

I think Mark is a Member of the Magic Circle

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Replying to RetiredTax:
Stepurhan
By stepurhan
06th Apr 2024 18:32

RetiredTax wrote:

I think Mark is a Member of the Magic Circle


That is correct.

He puts the qualification on his introduction slides for his accountancy lectures, but almost no-one asks what it means.

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By B Roberts
05th Apr 2024 15:59

I don't know about ACAEW, however it is possible to get through AAT then ACCA or CIMA quite quickly - at that point, they could spend another year to qualify with the other body, then another year p/t for a degree, then another year p/t for an MSc

A person working full-time could probably do all of the above in 5-6 years and can then put on their CV : J Bloggs AAT, ACCA, CIMA, BA(Hons), MSc

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Replying to B Roberts:
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By FactChecker
05th Apr 2024 17:22

... but it might not all fit on a standard tombstone (which may be the only place where it might draw an admiring glance)?

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Pile of Stones
By Beach Accountancy
09th Apr 2024 22:37

ICAEW gave me three more letters totally out of the blue about 10 years ago - I can't even remember what they are. BMA? BMC?

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