Is there excess demand for acca in China?

The demand for acca in China is not excessive. On the contrary, it can be said that the demand is growing.

1. ACCA qualification certification is called "International Certified Public Accountant" in China. In fact, the full name should be called "The Association of Chartered Certified Accountants", which was founded in the United Kingdom in 1904. Many students in China who want to enter the accounting industry, or professionals who have worked for many years and are eager to change careers, are very interested in ACCA.

2. ACCA entered China early and has a great first-mover advantage.

ACCA has been quite influential internationally since its early days. ACCA was founded in 1904 in the United Kingdom, one of the world's financial centers, and its membership is recognized by EU legislation and company laws in many countries. In 1999, the United Nations launched the "International Syllabus for Professional Education for Professional Accountants", which was based on the ACCA syllabus. There is no doubt about ACCA’s international influence.

As for the relationship between ACCA and China, it can be traced back to 1988, when ACCA sent a high-level delegation to visit China for the first time. In that year, ACCA established representative offices in Shanghai and Beijing. Two years later, ACCA officially entered mainland China. The direct result of entering China earlier is that early members of ACCA have become corporate financial managers, company CFOs, or senior officials of government financial departments in China today. The influence of this first-mover advantage cannot be underestimated.

Although only CICPA has the right to sign in China, this uniqueness does not negate the value and authority of other qualification certification examinations. Early members of ACCA now have a greater say in China, and it is very important that they recognize what ACCA represents.

3. ACCA members: high salary and big gap

According to the ACCA annual salary survey report, from the perspective of annual salary distribution, ACCA members have obvious income advantages in all income ranges above 300,000. , the proportion is much higher than that of associate members and students. The proportion of ACCA members with income between RMB 500,000 and RMB 1 million is as high as 21%. The highest annual salary of the members interviewed exceeds RMB 2 million. ACCA is a great help for individuals to pursue high salary.

However, it is regrettable that although companies currently have huge demand for ACCA talents, high salaries cannot attract enough employees. There are 370,000 ACCA holders worldwide. There are more than 22,000 ACCA holders in China, but nearly 18,000 of them are in Hong Kong. Mainland ACCA is still in an absolute "buyer's market" where supply exceeds demand.

ACCA’s goal has been very clear since its inception: to cultivate high-quality financial management talents, rather than simple basic financial accounting that can be easily replaced by machines. Under this circumstance, the desire for ACCA talents will only increase in the future. Whether you are a student or a professional, you should seize the opportunity as soon as possible and pass the ACCA exam.