ACCA practicle experience

betonit

Is it possible to gain the practicle experience requirement (ACCA) without having to sign a trainee contract.

Could you work for in Industry and gain experience. Pay for your own exams?

Could you work eg 3,2,1 day(s) a week just to be able to tick the boxes for the PER?

Also a number of the requirements seem generic enough. Is it possible to get exemptions on the PER eventhough coming from a different industry.

EG
4. Manage self
5. Communicate effectively
6. Use information and communications technology


Has anyone done it like above or is it even possible.

Cookie_Monster

Yes, you can complete the PER through industry. I'm working in the finance dept of a large (non financial) multinational company and all experience is counted. The company in question does have links with ACCA however, ie recognised as a valid company to pick up training/experiance. I am not in any special role and am doing the course as poart of career progression.

The various requirements you just fill in yourself and a workplace mentor signs them off if they are good enough. ACCA can then spotcheck these further to decide if valid

swanvill

One of the reasons I selected ACCA instead of ACA was to avoid signing a training contract. I completed my PER with three different employers, a year in London (small practice) half way through my exams, two years in small practice in Dublin & one year in industry.

JKM

You should read the 'Practical Experience Trainee Guide' on the ACCA website. This is a comprehensive guide to your PER, achieving performance objectives and recording your performance objectives on your TDM. Even though some of the titles are fairly generic the relevant activites you need to have achieved can be quite extensive. All the performance objectives are linked to exams you will have to sit or have already sat. You will have to demonstrate your knowledge and experience in your TDM and answer challenge questions which will have to be reviewed and signed off by your mentor. It is essential that you keep your TDM up to date as you can be chosen for audit by ACCA at any time. So unfortunately it is not as simple as just ticking the boxes. But as long as you have an idea of whats needed (read article mentioned above) and have a good workplace mentor it should be fairly painless.
As far as I know you cannot get exemptions from the performance obgetives. However, if you are starting in a new positions and feel that you can prove to your mentor that you are competant in certain P.O.'s he/she may well be willing to sign you off on them. Remember you will still have to answer the challenge questions.
Hope that helps. Good luck with everything.