ACCA Malta: 2024 Guide + How to Apply

1 year ago

Picture this: A thriving career in Malta’s dynamic financial sector, powered by a globally recognized qualification. That’s exactly what the ACCA offers – a launchpad into a world of professional growth and diverse opportunities in accounting and finance. Whether you’re looking to switch careers or elevate your current role, ACCA is the global standard for professional accounting qualifications.

As always, feel free to reach out to our trusted course advisors here to explore the right course for your career goals and budget.

What is ACCA?

ACCA (Association of Chartered Certified Accountants) is the world leading accountancy qualification for aspiring financial professionals. ACCA offers a comprehensive programme, providing extensive knowledge and practical skills essential for careers in accounting, finance, business management, and entrepreneurship.

Its modules encompass analytical, strategic, and managerial aspects, ensuring that you gain a holistic understanding of financial operations.

By pursuing ACCA, you’ll learn how to optimize financial decisions, improve time and resource management in a business context, and acquire universally sought-after skills valued by employers. You’ll not only enhance your employability but also expand your career prospects across various roles and industries.

How to start ACCA in Malta

1) Before you apply for ACCA in Malta, get in touch with a trusted institution like Elephant & Cross who can advise you personally on next steps.

2) Make sure you have the minimum entry requirements to start your ACCA journey. The entry requirements are: 3 GCSES (‘O’ levels) and 2 A’Levels (or equivalent) including Maths & English or an MQF level 4 foundation diploma in Accounting.

3) Next, register with ACCA and The Malta Institute of Accountants (MIA) according to the Joint Scheme Agreement.

Go to the global ACCA website here
Navigate to “Apply Online”
Gather Your Essentials: Before diving in, make sure you’ve got everything you need. This includes identification like your passport or driver’s license, and if your documents aren’t in English, get them officially translated.
Qualification Check: ACCA needs to know you’re ready for the challenge. You’ll be asked to show evidence that you meet their minimum entry requirements. It’s all about making sure you’re set up for success.
Uploading Documents: It’s digital paperwork time! Upload all the necessary documents, including your qualifications and any additional forms required, like parental consent if you’re under a specific age threshold.
The registration isn’t complete without sorting out the payment. Choose your preferred payment method to seal the deal. This currently costs £89.00.
Think You Might be Exempt?: If you’ve got previous qualifications or experience that might exempt you from some exams, you can apply for these exemptions during your registration. Just make sure you’ve got the proof ready to upload.

4) Local Partnerships Matter: you need to register the MIA (Malta Institute of Accountants).

Navigate to their website here
You will be asked to fill in personal information and upload documentation (ID Card)
The yearly fee for membership to the MIA costs €80.00 for students

5) Once you have the registration, you can go ahead and enrol onto an ACCA tuition programme that will prepare you for the exams and to become an Chartered Accountant in Malta.

When are the ACCA examinations?

When it comes to the ACCA exam schedule in Malta, certain modules are flexible and can be completed throughout the year. Other modules in the ACCA examination timetable follows a set schedule – March, June, September, and December.

Why Choose ACCA for Your Accounting Career in Malta?

Job Opportunities in Malta

ACCA is a highly recognized and respected qualification in Malta and globally, offering access to a myriad of job opportunities. Every business depends on accounting and finance professionals for their existence and growth, making ACCA an ideal choice for those seeking jobs in Malta with competitive salaries.

Employers are constantly seeking professionals with ACCA qualifications, leading to an abundance of accounting jobs in Malta. We recommend looking for work via a recruitment agency in Malta, with Jobsplus, or on a job board like Keepmeposted or jobsinmalta.

Any job agency in Malta would be happy to help you if you have qualifications and/or work experience. So whether you have a Foundation Diploma in Accounting (MQF Level 4), An undergraduate Diploma in Accounting and Finance (MQF Level 5) – there are opportunities available for you.

Salary with ACCA in Malta

Let’s talk numbers: Once you’ve got your ACCA certification in Malta, you’re looking at a pretty sweet starting salary. Think in the range of €27,000 to €32,000 annually, not too shabby for just starting out, right? And here’s the best part – as you gain more experience under your belt, you could be earning over €40,000. That’s the beauty of climbing the career ladder in the accounting world!

Flexible Online Studying Options:

In today’s digital age, acquiring new skills and embarking on a career change has never been more convenient. A good ACCA programme will offer you flexible online study options, allowing you to learn at your own pace and on your terms. You no longer need to quit your job or sacrifice your work-life balance. 95% of our ACCA students are also working full time whilst studying on a part time, self-paced basis.

Continuous Professional Development (CPD) and Lifelong Learning:

Becoming an ACCA member in Malta grants you access to a wide range of continuous professional development (CPD) resources. These resources encompass seminars, workshops, webinars, and publications that keep you updated on local regulations, industry trends, and best practices. Engaging in CPD activities ensures that you stay ahead of the curve, maintain your professional edge, and enhance your career prospects within the Maltese financial sector.

What is CPD?

Continuous professional development, can be defined as any type of learning that increases your knowledge, understanding and experiences of a subject area or role. CPD is an ongoing and planned learning and development process. CPD encourages looking forward and identifying opportunities to learn something new, refresh existing knowledge, improve skills, or simply keep up-to-date with the latest developments within a particular profession or industry.

What is Lifelong Learning?

Lifelong learning is the ongoing, voluntary, and self-motivated pursuit of knowledge for either personal or professional reasons. It is important for an individual’s employability and job competitiveness, but also enhances social inclusion, active citizenship, and personal development. E&C strongly believe in lifelong learning – Whether you’re interested to further your knowledge in Accounting or something else entirely, get in touch to learn more about our lifelong learning courses 2023.

How much does ACCA cost in Malta?

You can find the up to date cost of ACCA exams on the ACCA website here.

In terms of tuition, the cost varies depending on the provider. Elephant & Cross values top quality education and affordability above everything else. We’ve partnered up with world leading ACCA providers the London School of Business and Finance (LSBF) to offer the most flexible and affordable package available.

Price for tuition, per module, including all notes, HD recorded video lectures, case studies, e-books and full exam preparation.