What is the meaning of ACCA per?

As you work towards ACCA membership, you must develop relevant skills and gain practical experience in a real work environment. This defines ACCA Practical Experience Requirement (PER).

What happens in ACCA per audit?

ACCA audits the PER process to ensure its quality and upholds the standards outlined in the performance objectives. They may select you for a PER audit before or after you become an ACCA member or during the membership admission process.

How long does ACCA per take?

You must gain 36 months of supervised experience in a relevant accounting or finance role to fulfill your PER.

How to fill ACCA per?

You will use the online MyExperience tool to plan and record your PER, ensuring your practical experience supervisor signs off on everything. Make sure to invite your supervisor to register on MyExperience, as they cannot approve anything without being registered.

How to answer ACCA per?

First, explain your work by providing one or two examples of tasks you personally handled. Next, describe the skills you developed that helped you achieve the objective. Finally, reflect on your learning experience, highlighting what went well and what you would improve.

How do you record your per?

Your supervisor can't sign off your PER until they are registered. Regularly update your PER on MyExperience instead of waiting until you complete all 36 months. This will help you track your professional progress and identify the specific performance objectives you need to achieve to become an ACCA member.

How to claim time in ACCA per?

Click on 'Claim time' in the browser. Find the role you want to claim time for on the left side of the screen. Then, click 'Claim this time' to send it to your supervisor.

How to write ACCA per statement?

To write an ACCA PER statement, clearly describe your tasks, the skills you developed, and how they helped you achieve the performance objectives.

Can I complete ACCA PER before passing all my exams?

Yes, you can gain and record relevant work experience before, during, or after passing your ACCA exams, as long as it meets the PER requirements.

Who can be my Practical Experience Supervisor (PES) for ACCA PER?

Your PES must be a qualified accountant or finance professional who oversees your work, verifies your experience, and signs off on your performance objectives.

Understanding ACCA PER: A Comprehensive Guide

The ACCA (Association of Chartered Certified Accountants) Qualification is one of the most prestigious certifications for finance and accounting professionals worldwide. One of the essential components of this qualification is the ACCA Practical Experience Requirement (PER). This blog will delve into what PER is, how you can fulfill the PER requirement, securing an internship in India for PER, and the process of filing and getting approval for PER.

What is PER?

The Practical Experience Requirement (PER) is a crucial element of the ACCA Qualification. It ensures that ACCA members have not only the theoretical knowledge but also the practical skills and experience needed to excel in the accounting and finance profession. To achieve ACCA membership, you must complete three main components: exams, an ethics module, and PER.

PER involves completing 36 months (three years) of relevant work experience and achieving 9 out of 20 performance objectives. These performance objectives are aligned with the International Federation of Accountants (IFAC) guidelines and cover various aspects of professional accounting practice, ensuring that ACCA members are well-rounded and competent professionals.

How to Fulfill the PER Requirement?

Fulfilling the PER requirement involves a few key steps:

Finding Relevant Work Experience: Your work experience must be relevant to accounting, finance, or audit roles. This experience can be gained 5 years before registering, during, or after passing your ACCA exams. You can work in any sector, including public practice, industry, commerce, or the public sector.
Recording Your Experience: You need to document your work experience in the ACCA MyExperience tool. This tool helps you track your progress and ensures you are meeting the required performance objectives.
Achieving Performance Objectives: There are 20 performance objectives divided into five areas:
- Essentials: Professionalism and Ethics, Stakeholder Relationship Management, Strategy and Innovation, Governance, Risk and Control, Leadership and Management.
- Technical: Corporate Reporting, Financial Management, Sustainable Management Accounting, Taxation, Audit and Assurance.
  
  You need to achieve nine of these objectives, including all five from the Essentials category.
- Working with a Practical Experience Supervisor (PES): Your work experience must be supervised by a qualified accountant who can verify your achievements. This supervisor, known as a Practical Experience Supervisor (PES), plays a crucial role in your PER process by validating your recorded experiences and performance objectives.

Securing an Internship in India for PER

Finding an internship that fulfills the PER requirements can be a strategic step in your ACCA journey. Here are some tips to secure an internship in India:

- Research and Networking: Start by researching firms that are ACCA Approved Employers. These organizations are familiar with the ACCA qualification and often have structured programs to support trainees. Networking through professional events, ACCA forums, and LinkedIn can also help you connect with potential employers.
- Leverage ACCA’s Resources: ACCA often provides resources and support for students looking for internships, including job boards, career fairs, and employer connections. Utilize these resources to find suitable opportunities.
- Tailor Your Application: When applying for internships, tailor your resume and cover letter to highlight your commitment to ACCA and your relevant skills. Mention your knowledge of the PER requirement and your eagerness to achieve it.
- Prepare for Interviews: Be ready to discuss your understanding of ACCA, PER, and how the internship aligns with your career goals. Demonstrating your enthusiasm and knowledge can set you apart from other candidates.

Filing and Getting Approval for PER

Once you have gained the relevant experience and achieved the required performance objectives, the next step is to file and get approval for your PER. Here’s how to do it:

Complete the My Experience Tool: Ensure all your work experience is accurately recorded in the My Experience tool provide detailed descriptions of how you met each performance objective and how your role contributed to your learning and development.
Supervisor’s Review and Sign-off: Your Practical Experience Supervisor (PES) must review and sign off on your recorded experiences. This verification process is critical to ensure your experiences meet ACCA’s standards.
Submit for Review: Once your PES has signed off on your experience, you can submit your PER record to ACCA for review. ACCA will assess your submission to ensure it meets the requirements.
Approval and Membership: If your PER submission is approved, you will have completed one of the final steps toward ACCA membership. Upon fulfilling all other requirements (exams and ethics module), you will be eligible to become an ACCA member.

Conclusion

The ACCA Practical Experience Requirement (PER) is a fundamental part of achieving ACCA membership, ensuring that candidates have both the theoretical knowledge and practical experience needed to succeed in the finance and accounting profession. By understanding what PER entails, strategically securing relevant internships, and accurately documenting and submitting your experience, you can successfully navigate the PER process and advance your career as a qualified ACCA professional. Remember, the journey requires dedication and perseverance, but the reward of ACCA membership is well worth the effort.

Feel free to reach out to us for any ACCA PER-related guidance.

Understanding ACCA PER: A Comprehensive Guide

What is PER?

How to Fulfill the PER Requirement?

Securing an Internship in India for PER

Filing and Getting Approval for PER

Conclusion

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