One of the best perks of studying ACCA is the access to fast track routs towards professional, value-adding Masters Degrees from renowned universities around the world. ACCA has strategic partnerships with world’s renowned universities and because of that, students, affiliates and members of ACCA get a lot of exemptions while obtaining their Masters Degree from those universities. In Bangladesh, there is a memorandum of understanding between ACCA and Department of Finance, University of Dhaka and also between ACCA and Department of Accounting, University of Dhaka. The benefit of this memorandum is various exemptions in Master of Professional Finance (MPF) degree of Department of Finance, University of Dhaka and Master of Professional Accounting (MPA), Department of Accounting, university of Dhaka.
This is the first-ever professional masters degree in the field of Finance in Bangladesh, launched by one of the best departments of ‘The Oxford of The East’- University of Dhaka. Department of Finance has been the first choice for the business graduates of Faculty of Business Studies, University of Dhaka for a long time. To respond to the need for finance specialists in the growing economy of Bangladesh, this department is the first one to launch professional program, MPF.
MPF is a two year program comprising of 16 courses and a dissertation. Each course containing 3 credit points and the dissertation also carries 3 credit points, totaling to 51 credit points.
The entry requirement to MPF is two years of relevant professional experience along with a Bachelor Degree but for the ACCA students and affiliates, this experience requirement is waived. That means, after getting BSc Honors in Applied Accounting from Oxford Brooks University (OBU), a student or affiliate of ACCA can enroll directly to MPF, through passing the admission test.
That’s not all; an ACCA member will get exemption from 7 out of 16 courses of MPF because of the contract or memorandum of understanding between ACCA and the department. The courses exempted will not carry any exemption fees. So, it is beneficial both in terms of time as you have to complete only 9 courses in lieu of 16 and a dissertation to get MPF degree and in terms of money as you don’t have to pay for 7 courses.
The letter sent by MPF Program office to ACCA for course exemption is given as evidence below.
Department of AIS has always been producing skilled accountants since its inception. Understanding the need for professional masters’ degree in the field of Accounting, AIS has launched Master of Professional Accounting (MPA), which is a two year program comprising of 16 courses carrying 3 credits each and a dissertation paper carries 3 credits, 51 credits in total.
The entry requirement of MPA is 2 years of relevant professional experience along with a Bachelor Degree but for the students, affiliates and members of ACCA, the requirement of 2 years professional experience is waived. So, after obtaining BSc Honors in Applied Accounting from Oxford Brooks University (OBU), a student or affiliate of ACCA can enroll directly to MPA, through passing the admission test.
This is a fast track solution as 2 years of relevant professional experience is not required for ACCA students, affiliates and members to enter into MPA program.
To sum up, both MPF and MPA are professional programs offering benefits for the ACCA students, affiliates and members because of the contract between ACCA and The Departments offering the programs. But for ACCA members, MPF is a better choice in terms of time and money, compared to MPA. Because in MPF, ACCA members will get exemptions from 7 out of the 16 courses and the exemption fees will also be waived.