This was my speech to the 104 new ACCA Affiliates in Uganda on the 5th
September 2014 on value of ACCA membership. I salute and congratulate
Affiliates of 2014 once again.
I identify better with real life stories, therefore I chose to reflect
on my own journey thus far, though am a believer that my better days are ahead.
I preferred to narrow it down to 6 ways of maximizing ACCA membership as
follows.
1. Use ACCA to improve your career progression opportunities
My Journey as an affiliate was less than six (6) months. I sat my final ACCA
paper in December 2006 and was admitted to membership in May 2007. My stint was
short because from when I started studying, I would keep updating my Practical
Experience Record (PER) with every single competence I acquired. I was
fortunate that my work responsibilities exposed me to a whole range of them. I
would therefore give my supervisors to review and sign them off as soon as I
updated the PER. By the time I sat my last paper, I had acquired all the
competencies required to be an ACCA member. All I needed to do was to apply for
membership.
After completing ACCA in December 2006, In January 2007 I was promoted to
Senior Accounting Consultant having previously been an Accounting Consultant.
ACCA had warmed my appetite for challenge and so in 2008 I started looking to
moving into something different. A vacancy arose mid-year for financial
consultant and trainer position in the same organization where I worked. It was
an unchartered territory for me but I was willing to take it up.
I went through an internal interview and one of the key requirements was one
must have an accountancy qualification and I had just got my ACCA membership in
May 2007. I started on the new role as Financial Management Consultant and
Trainer in August 2008. This role entailed training non-finance managers in
understanding financial management, advising on accounting systems set-up and computerized accounting software installation and training.
A year later, August 2009, I was promoted to be the overall Finance Manager
of the organization and the Team Leader of its financial services bureau
department. This role was quite challenging, including managing staff,
customers and their donor relations, proposal writing, staff recruitment, staff
appraisal, drafting and reviewing policy manuals, contract negotiation, budget
preparation and general financial management roles. Three years later I felt I
needed more challenge and so I resigned to go hunting for one. I resigned in
September 2012 and served 3 months’ notice to my employer as required for
management positions. In October 2012, I received a call from a recruiting firm
for a job offer. They read my profile on LinkedIn and one of the key
considerations was the ACCA qualification. The long and the short, after going
through 3 interviews, a technical test an aptitude test, I got the job.
2. Use the ACCA designation and align your personal brand as well
When you are a member you can use the ACCA designation after your name – a
symbol of excellence and recognizable to employers all around the world. Having
worked in a management consultancy firm, the clients valued the qualifications
so much that we had to list all of them on our business cards. If you want to
venture into consultancy, ACCA is a recognized global brand that you can use to
be a part of your personal ID just as Doctors or Engineers do. I have sat in
several interview panels sourcing for accountants and I can proudly tell you
that the ACCA brand comes highly recommended.
However, we as individuals have to align our personal brands to the
institutional ACCA brand and be prepared to be different. Key branding areas to
consider are: How is your reputation in terms of time management,
professionalism, ethics and integrity? Area Qualified Accountant and also a
professional accountant in how you brand yourself?
3. Use the professional networks provided by ACCA to raise your
profile
Many of us aspire for positions for which we have not yet gained the necessary
work experience for. By becoming actively involved in ACCA activities and
network panels, you can raise your profile, broaden your professional networks
and learn new skills that you can transfer to the workplace.
As part of my PSR (personal social responsibility) I joined the ACCA Uganda
network panel in 2008 and was in the technical committee which was and still is
tasked to propose and organize the CPD topics. In 2009, I was nominated the
vice chair of the panel and became the chairman in 2010. This accorded me the
privilege and honor of representing ACCA Uganda members in the Annual
International Assemblies in London for two consecutive years. I also
represented Uganda in a meeting in Kenya to discuss the impact of the regional
integration to ACCA members in the Eastern Africa countries.
Apart from my first trip to London, the network panel was a very good ground
for me to gain transferrable skills. I published an article on LinkedIn on how transferable skills come in handy at the workplace when one
has no work experience. The network panel was a great forum for me to nurture
my leadership skills, team building skills, organizational skills, negotiation
skills and people management skills. I acquired writing skills because I had to
write opening remarks for every CPD and any other ACCA functions during my
tenure. I now write articles on LinkedIn, my personal blog and two Facebook pages.
4. Use ACCA CPDs, AB Magazine and other media platforms keep abreast
on new development
ACCA organizes regular CPDs to discuss topical issues affecting the
Accountancy profession but also general life issues that would enhance the life
of an Accountant to be a holistic one. This when taken advantage of can
position members to be ahead of the pack and always on top of their game. The
CPDs are challenging, thought provoking and paradigm shifting.
ACCA also keeps members up-to-date with what is happening in the accountancy
and business world through a variety of ways including, the Accounting and
Business Magazine and member focused social media platforms. These channels
avail ACCA members the opportunity to know what is happening globally and may
also provide international mobility to your career via the job postings in the
forums. When you see what your fellow members have achieved elsewhere, you get
challenged to aim higher than you would have without the exposure.
You can post your CV for free on the ACCA Careers. This is the
official global jobs portal, providing you with career guidance and free access
to browse and apply for hundreds of finance vacancies worldwide – with many
recruiters specifically looking for ACCA members.
5. Use ACCA Membership to get exemptions for MBA
The ACCA’s world-class global reputation helps you to earn exemptions for
most MBAs. I had the privilege of being awarded a Scholarship by the Canon
Collins Trust to study the Edinburgh Business School Long distance MBA. One can
be exempted up to four (4) course papers. On the Canon Collins Trust website,
one of the eligibility criteria in order to apply for an Edinburgh Business
School MBA Scholarship is having a first degree from a recognised university or
a professional qualification such as ACCA
6. Finally, Use ACCA to accomplish yourself
An accomplished ACCA according to me would be; Ambitious,
Courageous, Creative and Adaptable
Ambitious enough to take on any challenge that leads you towards
realizing your career dream or vision. This however assumes that you have
your vision for what or where you want to be and when. For instance, when I
started my first Job, I said to myself and confidants that I would like to be a
Finance Manager in 10 years’ time, and as surely as day follows night, exactly
10 years later; I was appointed to that position.
Courageous enough to stand for integrity and not be compromised
even if you are the last man/woman standing. The nature of the Accountancy
work exposes one to many opportunities for compromise. When one becomes a
member, you then subscribe to the ACCA Members Ethical Code of conduct. This is
subject to international disciplinary actions that could lead to de-registration.
Creative enough to think outside the box of accountancy, the box
of corporate jobs and explore possibilities of being a job creator instead of a
job seeker. My vision is to be an employer sooner than later and I have
started taking baby steps towards that.
Adaptable enough to change with technology. The only
constant in an ever changing world is change. You can leverage the various
social media platforms to promote your brand; you can professionalize the
social media instead of just socializing. For instance many recruiters are
sourcing candidates from LinkedIn and posting job adverts there as well. Are
you on LinkedIn? – I mentioned earlier that I got a job from there, but I have received several job
offers and consultancy work from LinkedIn as well.
I joined Facebook just recently to set up a business page for my passion – Gardening. I then started to share my blog posts on
financial management on my timeline and a business focused group as well. The
post was well received such that a member of the business group requested that
I write professional business items on the group’s page on a weekly basis. I
thence started a series #professionalizeyourbusiness and I set up a business
page The Accountancy and Business Clinic. Some of my
friends on Facebook with any accounting, financial, taxation and business
challenge now tag me in for my input.
When you do a Google search for your name, what comes up is a sum total of
what you want the world to know you for. You can use the various social media
forums to advance both your profession and your passion. What are you known?
What do you want to be known for? Do a gap analysis and take action.
Be ACCA: Be Qualified, Be Accomplished.
With best wishes,
Lilian Katiso FCCA
Image credit: ACCA ENGLAND
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