ACCA Course

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Jan 05, 2024 11:48AM IST

ACCA Course Overview

ACCA full form stands for “Association of Certified Chartered Accountants” which is a recognized organization that awards the prestigious 'Certified Chartered Accountant' certification to students. The ACCA Syllabus covers a range of subjects, including Business & Technology Management Accounting, Financial Accounting, Corporate and Business Law, Taxation, Performance Management, Financial Reporting, Audit and Assurance Financial Management, Strategic Business Leader, Strategic Business Reporting, Advanced Financial Management, Advanced Performance Management, Advanced Taxation and Advanced Audit and Assurance.

ACCA Admission can be done through two ways, one is a merit-based admission process and another one is entrance-exam based admission procedure. Some of the top ACCA jobs include auditor, financial analyst, tax consultant, finance manager, etc. The ACCA program is divided into three levels; Knowledge, Skills and Professional. Depending on their background students may be eligible for exemptions from certain exams. For example; those with a B Com or M Com degree only need to take 9 exams out of 13. Similarly, CA qualified individuals are required to sit for 4 exams instead of 13.ACCA exams are held four times a year in March, June, September, and December. 

ACCA course fees range around Rs. 1,70,000 (Indian Rupees) with the fees being denominated in GBP (British Pounds) so the exchange rate of the Rupee becomes an important factor to consider. Upon completion of the course, ACCA salaries ranges between Rs. 7,50, 000 and Rs. 10,00,000 per annum.

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ACCA Course Highlights

ACCA Course Highlights

Here's a table summarising the crucial highlights related to the ACCA (Association of Chartered Certified Accountants) course:

ParticularsDescription
Global RecognitionRecognized globally, allowing professionals to work in various countries and industries.
Qualification LevelsDivided into three levels: Knowledge, Skills, and Professional.
Flexible LearningFlexibility in study modes - self-study, online courses, and in-person classes offered by approved providers.
ExamsComputer-based exams for most papers; available at various times throughout the year.
Work ExperienceRequires a minimum of three years of relevant work experience to become a full member.
Ethics and ProfessionalismEmphasises ethical behaviour and professionalism in accounting and finance.
Career OpportunitiesOpens doors to diverse career paths in accounting, finance, audit, and consulting roles.
CPD RequirementsOngoing Continuing Professional Development (CPD) to maintain membership and stay updated.
NetworkingOpportunities to network through local chapters, events, and online forums.
CostCosts associated with exams, study materials, and registration fees vary by country and level.
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What is ACCA Qualification?

The ACCA Qualification is one of the preeminent accountancy certification for individuals aspiring to become financial professionals. It functions as a distinctive educational program that empowers students with a comprehensive repertoire of competencies, erudition, and ethical principles, enabling them not only to attain prosperous careers but also to spearhead their respective organizations towards a progressive trajectory. Serving as a compass, it facilitates their mastery of their roles and assumes responsibility for steering the direction of their workplaces.

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ACCA Course Duration

The time it takes to finish getting the ACCA (Association of Chartered Certified Accountants) qualification can change based on what kind of school you went before, how much time in a day or week you set aside to study and if there are any topics that don't need additional studying because some parts have been already learned.

Usually, it takes about 2 to 2.5 years to finish all the needed ACCA test. But, if you meet the right exclusion rules, then this can be made shorter. For example, people with a good knowledge of accounting or those who have finished school to learn about money and business stuff might not need to take some parts of the ACCA tests that come after basic ones. This might cut the total time spent studying down to only one year.

You have up to seven years total time limit for finishing all ACCA tests. That means you can't take more than seven years to complete all the 13 tests needed for ACCA certification.

Typical ACCA Course Duration

Usually, it takes about 2 to 2.5 years to finish all the needed ACCA test. But, if you meet the right exclusion rules, then this can be made shorter. For example, people with a good knowledge of accounting or those who have finished school to learn about money and business stuff might not need to take some parts of the ACCA tests that come after basic ones. This might cut the total time spent studying down to only one year.

Maximum Duration for ACCA Exams

You have up to seven years total time limit for finishing all ACCA tests. That means you can't take more than seven years to complete all the 13 tests needed for ACCA certification.

Factors Affecting ACCA Course Duration

Several factors can influence the time it takes to complete the ACCA course:

Prior Education: Individuals with a strong background in accounting or business may find the ACCA exams easier and require less study time.

Study Habits and Dedication: Dedicated students who can commit to regular study sessions are likely to progress faster than those who study sporadically.

Work-Life Balance: Balancing work and study commitments can be challenging. Individuals with a demanding work schedule may need to adjust their study pace accordingly.

Exemptions: Exemptions can significantly reduce the overall study time. Individuals should check their eligibility for exemptions based on their prior qualifications.

Practical Experience Requirement

People who want the full ACCA qualification need to pass all ACCA tests. They also have to get three years of professional work experience in accounting or finance fields when they do this job. Don't forget, for success in the ACCA study you need to always work hard. Good ways of studying are important too. Also remember it is helpful to use books made specially for learning and online lessons together with helping friends or groups when needed on this course. With hard work and staying strong, you can get your ACCA certification. This will make it easier for you to move up in the field of accounting.

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Why Choose ACCA Course?

The Association of Chartered Certified Accountants (ACCA) is a global professional accounting body with over 236,000 members and students in 181 countries. The ACCA qualification is one of the most respected accounting qualifications in the world and is recognized by employers worldwide.

There are many reasons why you might choose to study for the ACCA qualification. Here are a few of the main advantages:

  • Global recognition: Worldwide employers recognise the ACCA qualification. This means that you will be able to work in a variety of industries and countries with your ACCA qualification.
  • Career advancement: The ACCA qualification can help you to advance your career in accounting, finance, and business. ACCA members earn higher salaries than non-members and are more likely to be promoted to senior positions.
  • Skill development: The ACCA qualification will provide you with the skills and knowledge you need to succeed in a variety of accounting and finance roles. You will learn about financial reporting, taxation, management accounting, and auditing.
  • Flexibility: The ACCA qualification can be studied flexibly, so you can fit it around your existing work and commitments. You can study full-time, part-time, or online.

If you are interested in a career in accounting, finance, or business, then the ACCA qualification is a great option for you. It is a globally recognized qualification that will help you to advance your career and earn a higher salary.

Here are some additional reasons why you might choose to study for the ACCA qualification:

  • You want to work in a variety of industries: The ACCA qualification is relevant to a wide range of industries, so you will not be limited in your job choices.
  • You want to work in a variety of countries: The ACCA qualification is recognized by employers worldwide, so you will be able to work in a variety of countries.
  • You want to be a certified chartered accountant: The ACCA qualification is the only way to become a certified chartered accountant. Chartered accountants are in great demand and are regarded as highly skilled professionals.

Why Choose ACCA Course?

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ACCA Eligibility

The ACCA eligibility criteria vary depending on your educational background and experience. However, there are some general requirements that all candidates must meet.

To be eligible to register for the ACCA qualification, you must:

Be at least 18 years old.
Have a minimum of two years of relevant accounting experience.

10+2 with minimum aggregate score of 65% in Maths/ Accounts and English, and 50% minimum marks in other subjects

In addition, you must have one of the following:

A recognized degree or diploma in accounting or a related field.
A-levels or equivalent qualifications in five subjects, including English and mathematics, with a minimum grade of C or equivalent.
A pass in the ACCA Foundations in Accountancy (FIA) exams.
Relevant accounting experience and qualifications that are deemed to be equivalent to the above.
If you do not have a recognized degree or diploma in accounting or a related field, you will need to take the ACCA Foundations in Accountancy (FIA) exams. The FIA exams are a suite of three exams that cover the basic knowledge and skills of accounting.

Skills Required for ACCA

To excel in the ACCA (Association of Chartered Certified Accountants) course and in the accounting and finance profession, several key skills are essential:

Financial Acumen: Understanding financial concepts and being able to analyse and interpret financial data is crucial for success in ACCA.

Analytical Skills: The ability to analyse information, identify trends, and make informed decisions is vital, especially when dealing with complex financial scenarios.

Communication Skills: Effectively conveying financial information, both in writing and verbally, is essential for collaborating with colleagues, clients, and stakeholders.

Time Management: ACCA involves a significant amount of study and exam preparation. Effective time management is crucial to balance work, study, and personal life.

Ethical Judgement: The course places a strong emphasis on ethical behaviour. The ability to make ethical decisions and act with integrity is fundamental in the accounting profession.

Problem-Solving Abilities: Accountants often encounter complex issues. The capability to identify problems, develop solutions, and implement them is a valuable skill.

IT Proficiency: A good understanding of accounting software and general IT skills are necessary in the modern accounting landscape.

Attention to Detail: Accuracy is critical in accounting. Having a keen eye for detail ensures that financial records are precise and error-free.

Adaptability: The accounting profession evolves with changes in regulations and technology. Being adaptable allows professionals to stay relevant and navigate changes effectively.

Teamwork: Collaborating with colleagues and other professionals is common in the workplace. Good collaboration abilities support a happy and effective work atmosphere.

Leadership Qualities: As you progress in your career, leadership skills become increasingly important. This includes the ability to guide and inspire others in a team or organisational setting.

Developing and honing these skills alongside the technical knowledge gained through the ACCA course can significantly enhance one's success in the accounting and finance field

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ACCA Course Fees

Here is am in-depth overview of ACCA fees in India and globally:

ACCA Course Fees in India

The ACCA fees in India vary depending on the specific exam level and the mode of registration. Here's a breakdown of the approximate fees for each exam:

Foundation Level:

Registration Fee: Rs. 11,292

Exam Fee (per exam): Rs. 7,794

Skills Level:

Registration Fee: Rs. 11,292

Exam Fee (per exam): Rs. 7,794

Professional Level:

Registration Fee: Rs. 11,292

Exam Fee (per exam): Rs. 7,794

Additional Fees:

Exemption Fee (per exam): Rs. 3,897

Re-registration Fee: Rs. 22,584

Payment Options: ACCA fees in India can be paid online through the ACCA website or through authorised payment partners. You can use debit cards, credit cards, or net banking to make payments.

ACCA Course Fees Globally

ACCA fees are standardised globally, with minor variations based on currency exchange rates. The following table outlines the current ACCA fees in selected countries:

CountryRegistration FeeExam Fee (per exam)
United Kingdom£134£180
United States$220$290
AustraliaAUD250AUD320
CanadaCAD250CAD320
SingaporeSGD260SGD330


Factors Affecting ACCA Course Fees

Several factors can influence ACCA course fees, including:

Currency Exchange Rates: Fluctuations in currency exchange rates can impact the overall cost of ACCA fees in different countries.

Exam Mode: Computer-based exams (CBEs) may have slightly higher fees compared to paper-based exams.

Exemptions: Claiming exemptions for previously completed exams can reduce the overall cost of the ACCA qualification.

Payment Plans and Scholarships

ACCA offers various payment plans and scholarships to help students manage the cost of the qualification. Payment plans allow you to spread the cost of your fees over a longer period, while scholarships are available based on academic merit or financial need.

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ACCA Syllabus

The ACCA syllabus is designed to help students develop the knowledge and skills they need to become successful certified chartered accountants. The syllabus is divided into three levels: Foundation, Skills, and Professional.

Foundation Level

The Foundation level exams assess the basic knowledge and skills of accounting. The three exams are:

  • Business Accounting (AB)
  • Management Accounting (MA)
  • Financial Accounting (FA)

Skills Level

The Skills level exams assess the technical skills of accounting. The seven exams are:

  • Corporate and Business Law (LW)
  • Applied Accounting (AA)
  • Taxation (TX)
  • Financial Reporting (FR)
  • Performance Management (PM)
  • Auditing (AU)
  • Ethics and Professional Skills (EPS)

Professional Level

The Professional level exams assess the strategic and professional skills of accounting. The four exams are:

  • Business and Technology (BT)
  • Strategic Business Reporting (SBR)
  • Strategic Global Finance (SGF)
  • Advanced Financial Management (AFM)
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ACCA Exams

The ACCA exams are a series of 14 professional exams that lead to the Chartered Certified Accountant (ACCA) qualification. The exams are designed to assess the knowledge and skills of accountants who want to work in a variety of industries and countries.

The ACCA exams are divided into three levels:

Foundation level: 

This level consists of three exams that assess the basic knowledge and skills of accounting.

Business Accounting (AB)

Management Accounting (MA)

Financial Accounting (FA)

Skills level:

This level consists of seven exams that assess the technical skills of accounting.

Corporate and Business Law (LW)

Applied Accounting (AA)

Taxation (TX)

Financial Reporting (FR)

Performance Management (PM)

Auditing (AU)

Ethics and Professional Skills (EPS)

Professional level: 

This level consists of four exams that assess the strategic and professional skills of accounting.

Business and Technology (BT)

Strategic Business Reporting (SBR)

Strategic Global Finance (SGF)

Advanced Financial Management (AFM)

ACCA Exam Format

The ACCA exams are offered in two formats:

Computer-based exams (CBEs): These exams are taken on a computer and are offered at authorised test centres around the world.

Advantages of CBEs:

Flexibility in scheduling

Immediate results

Consistent marking

Disadvantages of CBEs:

Can be more stressful than paper-based exams

Requires familiarity with computer-based testing

On-demand CBE: These exams are also taken on a computer but can be taken at home or at a place of your choosing.

Advantages of on-demand CBEs:

Convenience

Flexibility in timing

Disadvantages of on-demand CBEs:

Requires a reliable internet connection

Must have a suitable environment for testing

ACCA Exam Preparation Tips 

Preparing for ACCA exams requires a strategic approach. The following tips will help you succeed:

  • Understand the Syllabus:
    • Know what topics are covered in each exam.
    • Focus on understanding the key concepts outlined in the syllabus.
  • Create a Study Plan:
    • Develop a realistic study schedule that considers your work or other commitments.
    • Set aside specified times for every topic and follow your schedule.
  • Use Official Study Materials:
    • Utilise ACCA's official study resources and textbooks.
    • Practice questions provided by ACCA are often representative of exam content.
  • Practice Regularly:
    • To become familiar with the format of the exam, practise answering previous exam papers.
    • Time yourself during practice exams to improve time management.
  • Focus on Weaker Areas:
    • Identify your weaker areas and allocate more study time to these topics.
    • Seek additional resources or assistance for challenging subjects.
  • Stay Updated with Changes:
    • ACCA syllabuses may be updated, so stay informed about any changes.
    • Check for updates on the official ACCA website regularly.
  • Join Study Groups:
    • Consider joining study groups or forums to discuss concepts with peers.
    • Teaching others can reinforce your understanding of topics.
  • Take Breaks:
    • Avoid burnout by taking regular breaks during study sessions.
    • Short breaks can improve focus and retention.
  • Use Exam Techniques:
    • Familiarise yourself with the exam format and requirements.
    • Practice writing answers concisely and clearly.
  • Review and Reflect:
    • Go over your notes often, making sure to underline key ideas.
    • Evaluate your development and modify your study schedule as necessary.
  • Stay Healthy:
    • Ensure you get adequate sleep, exercise, and maintain a balanced diet.
    • Physical well-being contributes to better cognitive performance.
  • Mock Exams:
    • Take full-length mock exams under exam conditions to simulate the real experience.
    • Examine your performance and note any areas that need work.
  • Seek Support:
    • If you encounter difficulties, seek guidance from tutors, mentors, or fellow students.
    • Never be afraid to seek clarification on unclear issues.

Please know that success in ACCA exams is not just about memorization but understanding and applying concepts. Consistent and focused preparation will increase your chances of performing well on exam day.

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ACCA Exemptions

The Association of Chartered Certified Accountants (ACCA) offers exemptions to students who have already completed relevant qualifications or have gained sufficient work experience. This can significantly reduce the time and cost of completing the ACCA qualification.

Who is Eligible for ACCA Exemptions? 

To be eligible for ACCA exemptions, you must have completed one of the following:

  • A relevant accounting or finance qualification from a recognized institution
  • An appropriate degree or diploma from an accredited college
  • At least two years of relevant accounting or finance work experience

What ACCA Exemptions are Available? 

ACCA offers exemptions for all levels of the qualification:

  • Foundation level: You can be exempt from all three Foundation level exams if you have completed a relevant qualification such as AAT or CIMA.
  • Skills level: You can be exempt from up to five Skills level exams if you have completed a relevant qualification such as ACCA Diploma or CIMA Certificate in Business Accounting.
  • Professional level: You can be exempt from up to three Professional level exams if you have completed a relevant qualification such as ACCA Advanced Diploma or CIMA Professional Qualification.

How to Apply for ACCA Exemptions 

To apply for ACCA exemptions, you will need to submit your application form and supporting documentation to ACCA. The application form can be downloaded from the ACCA website.

Supporting documentation may include:

  • Transcripts of your qualifications
  • Certificates of your qualifications
  • Letters from your employers

ACCA Exemptions Fees 

There is a fee for each exemption you apply for. The fee is £50 per exemption.

Benefits of ACCA Exemptions 

There are many benefits to claiming ACCA exemptions, including:

  • Reduced study time: You can complete the ACCA qualification in a shorter amount of time if you are eligible for exemptions.
  • Reduced cost: You will pay less in fees if you are eligible for exemptions.
  • Increased employability: You will be more employable if you have completed the ACCA qualification quickly and efficiently.

How to Find Out More About ACCA Exemptions 

You can find out more about ACCA exemptions on the ACCA website. You can also speak to an ACCA advisor for more information.

Additional Tips 

  • Start planning for your ACCA exemptions early. The sooner you start, the easier it will be to gather the necessary documentation.
  • Make sure you have all of the required documentation before you apply for exemptions.
  • If you are unsure whether you are eligible for exemptions, speak to an ACCA advisor.
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ACCA Subjects

There are three levels to the 13 exams that make up the ACCA Qualification:

Level 1:

Accountant in Business (AB)

Management Accounting (MA)

Financial Accounting (FA)

Level 2:

Corporate and Business Law (LW)

Performance Management (PM)

Taxation (TX)

Level 3:

Financial Reporting (FR)

Audit and Assurance (AA)

Financial Management (FM)

In addition to the exams, ACCA students must also complete an Ethics and Professional Skills Module and a Practical Experience Requirement (PER).

Here is a brief overview of each of the subjects:

Accountant in Business (AB): This exam covers the fundamental principles of accounting and business. It is designed to assess a student's ability to understand and apply accounting concepts to business situations.

Management Accounting (MA): This exam covers the role of management accounting in providing information to support business decisions. It is designed to assess a student's ability to prepare and interpret management reports, and to make recommendations based on those reports.

Financial Accounting (FA): This exam covers the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS). It is designed to assess a student's ability to understand and apply accounting principles to the preparation of financial statements.

Corporate and Business Law (LW): This exam covers the legal framework in which businesses operate. It is designed to assess a student's understanding of the legal principles that govern business transactions.

Performance Management (PM): This exam covers the techniques and tools used to measure and manage performance. It is designed to assess a student's ability to develop and implement performance management systems.

Taxation (TX): This exam covers the principles of taxation, with a focus on UK taxation. It is designed to assess a student's ability to calculate and advise on tax liabilities.

Financial Reporting (FR): This exam covers the preparation of financial statements in accordance with International Financial Reporting Standards (IFRS). It is designed to assess a student's ability to understand and apply IFRS to the preparation of financial statements.

Audit and Assurance (AA): This exam covers the principles of auditing and assurance. It is designed to assess a student's ability to plan, conduct, and report on audits.

Financial Management (FM): The fundamentals of financial management are covered in this exam. It is designed to assess a student's ability to make financial decisions that maximise shareholder value.

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ACCA Levels

The ACCA (Association of Chartered Certified Accountants) qualification is structured into three main levels:

1. Applied Knowledge:

 This level focuses on developing a strong foundation in accounting concepts and principles. It consists of three exams:

a) Business Accounting (AB1): This exam covers the fundamentals of financial accounting, including bookkeeping, double-entry accounting system, and preparation of financial statements.

b) Management Accounting (MA1): This exam delves into the principles of management accounting, including cost accounting, budgeting, and performance management.

c) Financial Reporting (FR1): This exam focuses on the application of accounting standards and principles in the preparation of financial statements.

2. Applied Skills: 

This level emphasises the practical application of accounting knowledge and skills in real-world business scenarios. It consists of six exams:

a) Corporate and Business Law (LW): This exam covers the legal framework of business operations, including contracts, corporate law, and intellectual property law.

b) Taxation (TX): This exam explores the principles of taxation, including income tax, corporation tax, and value-added tax (VAT).

c) Performance Management (PM): This exam focuses on the application of management accounting techniques to measure, analyse, and improve organisational performance.

d) Financial Reporting (FR2): This exam builds upon the knowledge acquired in FR1, delving into more complex financial reporting issues.

e) Audit and Assurance (AA): This exam covers the principles of auditing and assurance, including risk assessment, internal controls, and audit evidence.

f) Financial Management (FM): This exam focuses on the application of financial principles to make sound financial decisions for organisations.

3. Strategic Professional: 

This level develops the strategic thinking and leadership skills required for senior-level positions in accounting and finance. It consists of two compulsory exams:

a) Strategic Business Reporting (SBR): This exam focuses on the role of financial reporting in supporting strategic decision-making and creating value for stakeholders.

b) Strategic Business Leader (SBL): This exam integrates and applies all the knowledge and skills gained throughout the ACCA program, assessing an individual's ability to lead and manage in a dynamic business environment.

In addition to the compulsory exams, candidates can choose two optional exams from a selection of four:

a) Advanced Financial Management (AFM): This exam focuses on advanced financial concepts and techniques, including risk management, investment appraisal, and working capital management.

b) Advanced Performance Management (APM): This exam delves into advanced performance management techniques, including strategic performance management, business process management, and change management.

c) Advanced Taxation (ATX): This exam explores the complexities of taxation, including international tax planning, corporate tax compliance, and tax dispute resolution.

d) Advanced Audit and Assurance (AAA): This exam focuses on the intricacies of auditing and assurance in today's dynamic business environment. It covers topics such as internal controls, corporate governance, and fraud prevention.

Completing all 13 exams and fulfilling the three years of practical experience requirement leads to the full ACCA qualification, recognized as a world-class accounting qualification.

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Types of ACCA Certifications

The Association of Chartered Certified Accountants (ACCA) offers a range of certificates that recognize the achievements of students and members at various stages of their accounting journey. These certificates provide valuable credentials that can enhance employability and demonstrate expertise in specific areas of accounting.

ACCA Qualification Certificates

The ACCA Qualification is a globally recognized accounting qualification that equips individuals with the skills and knowledge required for a successful career in accounting. The three stages of the qualification are as follows:

ACCA Certificate in Financial Management (RQF Level 4):

This certificate is awarded to students who have successfully completed the Foundations in Professionalism module and passed the Financial Management (FM) exam. This certificate demonstrates a basic understanding of financial accounting and reporting concepts.

ACCA Diploma in Financial and Management Accounting (RQF Level 2):

This diploma is awarded to students who have successfully completed the Foundations in Professionalism module and passed two of the first three exams in the ACCA Qualification: Financial Accounting (FA1) and Management Accounting (MA1). This diploma demonstrates a more in-depth understanding of financial and management accounting concepts.

ACCA Professional Certificate

This certificate is awarded to students who have successfully completed the Foundations in Professionalism module and passed all nine exams in the ACCA Qualification. This certificate is the final step towards achieving the ACCA Qualification and demonstrates a comprehensive understanding of accounting principles and practices.

ACCA Membership Certificates

In addition to qualification certificates, ACCA also offers membership certificates that recognize the ongoing commitment of its members. These certificates demonstrate a commitment to professional development and adherence to ACCA's ethical standards.

ACCA Affiliate Certificate

This certificate is awarded to ACCA students who have successfully completed the Foundations in Professionalism module and passed at least three of the first six exams in the ACCA Qualification. This certificate provides provisional membership status and allows individuals to use the designation "ACCA Affiliate" after their name.

ACCA Member Certificate

This certificate is awarded to ACCA students who have successfully completed all nine exams in the ACCA Qualification and fulfilled the Practical Experience Requirement (PER). This certificate grants full membership status and allows individuals to use the designation "ACCA Member" after their name.

ACCA Fellow Certificate

This certificate is awarded to ACCA Members who have maintained their membership for five consecutive years and have demonstrated a commitment to continuous professional development (CPD). This certificate is the highest level of recognition within ACCA and is held by the most experienced and qualified ACCA professionals.

ACCA Practising Certificate

This certificate is required for ACCA members who carry on public practice in a designated territory or in a territory where there is some local legislative and/or regulatory requirement to hold an ACCA practising certificate. The certificate demonstrates that the member meets the ACCA's standards for professional practice.

These are the main types of ACCA Certificates. Each certificate serves a specific purpose and demonstrates the holder's level of achievement and commitment to the accounting profession.

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Types of ACCA Course

ACCA (Association of Chartered Certified Accountants) offers various types of courses to cater to the diverse needs of individuals pursuing a career in accountancy and finance. Here are some common types of ACCA courses:

Full-Time ACCA Courses:

These are traditional classroom-based courses where students attend lectures in person.
Full-time courses are often offered by universities, colleges, or private institutions.
Students have the opportunity to interact with instructors and peers in a physical classroom setting.

Part-Time ACCA Courses:

Designed for individuals who are working or have other commitments, part-time ACCA courses offer a more flexible schedule.

Classes are typically held during evenings or weekends, allowing students to balance their studies with work or other responsibilities.

Online ACCA Courses:

Online ACCA courses provide flexibility for students who prefer remote learning or cannot attend traditional classes.

Lectures, study materials, and assessments are delivered through online platforms, allowing students to study at their own pace.

Interactive features such as forums, webinars, and virtual classrooms may be included to enhance the learning experience.

Distance Learning ACCA Courses:

Similar to online courses, distance learning ACCA programs allow students to study remotely.
Materials are sent to students via mail or electronic means, and communication with instructors is often facilitated through email or virtual meetings.

Blended Learning ACCA Courses:

Blended learning combines both traditional and online methods. The majority of the curriculum is done online, with some classes held in person. This approach offers the benefits of face-to-face interaction while providing the flexibility of online learning.

Revision Courses:

Revision courses are designed for individuals who have already completed the primary ACCA syllabus and want to review and reinforce their knowledge before taking the exams. These courses often focus on exam techniques, past paper practice, and addressing specific challenges faced by students.

In-House Training:

Some organisations provide in-house ACCA training for their employees. This is common in larger firms where a group of employees may pursue ACCA qualifications together.

ACCA Professional Courses:

Beyond the foundational ACCA qualification, there are specialised professional courses and certifications that individuals can pursue to enhance their expertise in specific areas of accounting and finance.

When considering an ACCA course, individuals should assess their learning preferences, schedule constraints, and career goals to choose the most suitable option for their needs. Additionally, it's important to select an ACCA Approved Learning Provider to ensure the quality and relevance of the education provided.

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ACCA Specialisations

The ACCA (Association of Chartered Certified Accountants) offers four specialised advanced courses that allow individuals to develop in-depth expertise in a particular area of accounting and pursue specialised career paths. These courses cover advanced topics and provide a competitive edge in the accounting profession.

Advanced Financial Management (AFM): This course delves into advanced financial concepts, including risk management, investment appraisal, and working capital management. It equips individuals with the skills to make sound financial decisions and contribute to the strategic financial planning of organisations.

Advanced Audit and Assurance (AAA): This course focuses on the complexities of auditing and assurance in today's dynamic business environment. It covers topics such as internal controls, corporate governance, and fraud prevention, enabling individuals to conduct rigorous audits and provide assurance to stakeholders.

Advanced Taxation (ATX): This course explores the intricacies of taxation, including international tax planning, corporate tax compliance, and tax dispute resolution. It equips individuals with the expertise to navigate complex tax issues and provide valuable tax advisory services to businesses.

Advanced Performance Management (APM): This course examines advanced performance management techniques, including strategic performance management, business process management, and change management. It empowers individuals to develop effective performance management systems and drive organisational success.

Pursuing these advanced ACCA courses demonstrates a commitment to professional development and positions individuals for senior-level positions within the accounting profession. With specialised knowledge and expertise, individuals can command higher salaries and enjoy greater career opportunities.

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ACCA Course Comparison

Here's a table comparing the ACCA (Association of Chartered Certified Accountants) with CA (Chartered Accountant), CPA (Certified Public Accountant), and CFA (Chartered Financial Analyst):

ACCA vs CA

ParticularsACCACA (Chartered Accountancy)
Global RecognitionRecognized and respected worldwidePredominantly recognized in India
Course StructureDivided into Knowledge, Skills, and Professional levelsComprises Foundation, Intermediate, and Final stages
FocusEmphasizes both accounting and finance, offering a broader skillsetPrimarily focuses on accounting and auditing
ExamsComputer-based exams for most papers, except for a few subjectsWritten and oral exams for all stages
DurationFlexible study options with no fixed durationRequires a minimum of 4.5-5 years of study
Eligibility CriteriaOpen to students after class 10th, with diploma requirementsRequires a higher secondary education
ExemptionsPossible based on prior qualificationsLimited exemptions based on graduation
International CareerOffers global mobility and opportunitiesFocused on career prospects in India
Professional BodyManaged by the Association of Chartered Certified AccountantsAdministered by the Institute of Chartered Accountants of India (ICAI)

ACCA vs CPA

ParticularsACCACPA
Full FormAssociation of Chartered Certified AccountantsCertified Public Accountant
CertificationGlobal recognition and acceptancePrimarily recognized in the USA
ScopeInternational career opportunitiesFocused mainly on the US job market
SubjectsEmphasizes broader accounting knowledgeFocuses on US Generally Accepted Accounting Principles (GAAP)
Professional BodyAssociation of Chartered Certified AccountantsAmerican Institute of CPAs (AICPA)
Exam StructureConsists of Knowledge, Skills, and Professional LevelsUnified exam structure
Experience RequirementTypically requires three years of relevant experienceUsually demands one to two years of supervised experience
Regulatory BodyRegulated by various national accounting bodiesRegulated by individual state boards in the USA
Continuing EducationRequires completion of CPD (Continuing Professional Development) unitsMandates continuing education hours as per state requirements
Focus AreaIncludes a broader range of finance and business topicsFocuses primarily on accounting and taxation aspects
Global AcceptanceRecognized in many countries around the worldLimited recognition outside the USA

ACCA vs CFA

ParticularsACCACFA
Full FormAssociation of Chartered Certified AccountantsChartered Financial Analyst
FocusAccounting and FinanceInvestment Analysis and Portfolio Management
CredentialChartered Certified AccountantChartered Financial Analyst
Global RecognitionYesYes
SpecializationDiverse finance and accounting areasInvestment analysis and portfolio management
Exam StructureDivided into Knowledge, Skills, and Professional levelsThree levels: Level I, Level II, Level III
Number of Exams133
Exam FormatObjective and Subjective questionsMultiple-choice questions and essays
Work ExperienceRequired after completing examsRequired after passing Level II exam
Focus AreasTechnical skills and knowledge of accounting principles and practicesInvestment tools, asset valuation, and portfolio management
Career OpportunitiesDiverse finance and accounting rolesInvestment analysis and portfolio management roles
Time to CompletionTypically 2-3 yearsVaries, but often takes 2-4 years
Suitable forAspiring accountants and finance professionalsAspiring investment analysts and financial professionals
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Career Options After ACCA

After completing ACCA, individuals unlock a wide range of global career opportunities. They can pursue roles such as financial analyst, auditor, tax consultant, management accountant, or even aspire for leadership positions like CFO. ACCA qualification enhances employability, providing a solid foundation for success in the dynamic fields of accounting and finance.

ACCA Jobs 

ACCA (Association of Chartered Certified Accountants) is a global professional accounting body offering the premier Chartered Certified Accountant qualification (ACCA). ACCA members are equipped with the skills and knowledge to work in a wide range of finance and accounting roles across various industries.

Here are some of the common ACCA jobs:

Accountant: Accountants are responsible for preparing and analysing financial statements, managing financial records, and providing financial advice to businesses or individuals.

Audit Manager: Audit managers lead teams of auditors in conducting financial audits of businesses or organisations to ensure the accuracy and compliance of their financial statements.

Financial Analyst: Financial analysts gather and analyse financial data to identify trends, make investment decisions, and prepare financial reports.

Business Analyst: Business analysts gather and analyse data to understand business processes, identify areas for improvement, and develop solutions to improve efficiency and effectiveness.

Financial Controller: Financial controllers oversee the financial activities of a business, including financial reporting, budgeting, and forecasting.

Tax Manager: Tax managers are responsible for managing the tax affairs of businesses or individuals, including tax compliance, tax planning, and tax dispute resolution.

Chief Financial Officer (CFO): CFOs are the senior financial executives of businesses, responsible for overseeing all financial activities, including financial reporting, budgeting, forecasting, and strategic financial planning.

These are just a few examples of the many ACCA jobs available. With an ACCA qualification, you will have the skills and knowledge to work in a wide range of accounting and finance roles across various industries.

Here are some additional tips for finding ACCA jobs:

  • Network with other ACCA professionals: Attend ACCA events and join ACCA online forums to connect with other professionals in your field.
  • Tailor your resume and cover letter to each job you apply for: Highlight your ACCA qualification and any relevant experience you have.
  • Use online job boards: There are many online job boards that list ACCA jobs, such as LinkedIn, Indeed, and Monster.
  • Contact recruitment agencies: Recruitment agencies can help you find ACCA jobs that match your skills and experience.

With an ACCA qualification and the right job search strategies, you can be well on your way to a successful career in accounting and finance.

ACCA Salary 

ACCA salaries vary depending on experience, location, and the specific job title. However, ACCA professionals typically earn higher salaries than non-ACCA professionals. Since these are only averages, individual incomes may differ based on the previously listed variables. However, ACCA professionals are in high demand around the world, and they can expect to command competitive salaries.

Location

Average ACCA Salary (Annual)

IndiaRs. 6,00,000 - Rs. 10,00,000 (approx.)
United KingdomGBP 35,000 - 55,000 (approx.)
United StatesUSD 60,000 - 90,000 (approx.)
CanadaCAD 50,000 - 80,000 (approx.)
AustraliaAUD 70,000 - 100,000 (approx.)
SingaporeSGD 60,000 - 90,000 (approx.)
UAE (Dubai)AED 120,000 - 180,000 (approx.)
South AfricaZAR 400,000 - 600,000 (approx.)
MalaysiaMYR 50,000 - 80,000 (approx.)



 


 

ACCA Recruiters

There are a lot of reputed firms across the globe hiring Certified Chartered Accountants in India and globally. Following is a list of a handful of them:

ACCA Recruiters in India:

Big Four Accounting Firms:

Deloitte

PwC (PricewaterhouseCoopers)

EY (Ernst & Young)

KPMG

Corporate Sector:

Tata Consultancy Services (TCS)

Infosys

Wipro

Reliance Industries

Aditya Birla Group

Financial Services:

HDFC Bank

ICICI Bank

Axis Bank

Kotak Mahindra Bank

Bajaj Finance

Consulting Firms:

Accenture

Boston Consulting Group (BCG)

McKinsey & Company

Capgemini

IT Sector:

Tech Mahindra

Cognizant

HCL Technologies

ACCA Recruiters Abroad:

United Kingdom:

Grant Thornton

RSM

BDO

United States:

Goldman Sachs

J.P. Morgan

Morgan Stanley

Canada:

Deloitte Canada

Toronto-Dominion Bank (TD Bank)

Royal Bank of Canada (RBC)

Australia:

Commonwealth Bank of Australia

Macquarie Group

ANZ Banking Group

Singapore:

DBS Bank

United Overseas Bank (UOB)

Singtel

UAE (Dubai):

Emirates NBD

Dubai Islamic Bank

Etihad Airways

South Africa:

Standard Bank

Nedbank

Old Mutual

Malaysia:

Maybank

CIMB Bank

Petronas

These are just a few examples, and ACCA-qualified professionals are sought after by a diverse range of employers across industries and geographies. The qualification's global recognition opens doors to varied career opportunities in finance, accounting, consulting, and more.

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Courses After ACCA

Completing the ACCA qualification opens doors to a wide range of career opportunities in accounting, finance, and business. However, many individuals seek further education to enhance their skills, specialise in a particular area, or pursue leadership positions. Here are some popular courses to consider after ACCA:

CFA (Chartered Financial Analyst) Institute Designation: The CFA designation is a globally recognized credential for investment professionals. It assesses candidates' knowledge of investment analysis, portfolio management, and ethical and professional standards. Pursuing the CFA designation complements the ACCA qualification and enhances employability in investment banking, asset management, and financial advisory roles.

CIMA (Chartered Institute of Management Accountants) Professional Qualification: The CIMA qualification focuses on management accounting and operational finance. It complements the ACCA qualification by strengthening skills in business planning, performance management, and risk management. CIMA professionals are often sought after by organisations seeking expertise in strategic financial planning and decision-making.

MBA (Master of Business Administration): An MBA provides a comprehensive understanding of business management principles, including marketing, operations, strategy, and leadership. It equips ACCA professionals with the broader business acumen necessary to advance into senior management or executive roles.

Master's Degrees in Accounting or Finance: Specialised master's degrees in accounting or finance allow ACCA professionals to delve deeper into specific areas of interest, such as taxation, financial reporting, or corporate finance. These degrees provide advanced knowledge and expertise, enhancing career prospects in specialised roles.

Data Analytics and Business Intelligence Courses: Data analytics and business intelligence are becoming increasingly important in the accounting and finance profession. Courses in these areas equip ACCA professionals with the skills to collect, analyse, and interpret data to gain insights and inform business decisions.

Risk Management Courses: Risk management is a critical aspect of accounting and finance. Courses in risk management provide ACCA professionals with the skills to identify, assess, and manage various types of financial and operational risks.

Corporate Governance and Compliance Courses: Corporate governance and compliance are essential for organisations to operate ethically and legally. Courses in these areas equip ACCA professionals with the knowledge to understand and implement corporate governance principles and compliance requirements.

Digital Technology and Fintech Courses: Digital technology and fintech are transforming the accounting and finance profession. Courses in these areas provide ACCA professionals with the skills to leverage technology to automate tasks, enhance data analysis, and develop innovative financial solutions.

Leadership and Management Development Courses: Leadership and management skills are crucial for career advancement in accounting and finance. Courses in these areas equip ACCA professionals with the skills to lead teams, manage projects, and navigate organisational change.

Foreign Language Courses: In today's globalised business environment, foreign language proficiency is an asset. ACCA professionals who can communicate effectively in multiple languages can expand their career opportunities and work with international clients.

These are just a few examples of the many courses that ACCA professionals can pursue to enhance their skills and advance their careers. The specific course of study will depend on individual career goals, interests, and experience.

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FAQs about ACCA

Does Big 4 hire ACCA in India?

The ACCA qualification offers extensive opportunities both in India and internationally. While ACCA members may not have signing authority in India, they are eligible to perform audit work within their employing firms. Notably, major firms, including the Big 4 and numerous other multinational companies, actively hire ACCA professionals in India and worldwide. As a result, the scope of ACCA is broad and promising in both the Indian and global job markets.

Can an average student crack ACCA?

Yes, an average student can crack ACCA with dedication, consistent effort, and a strategic study plan. ACCA's comprehensive curriculum allows individuals to learn and progress at their own pace, providing ample opportunities for improvement. With perseverance and hard work, even average students can achieve success in the ACCA qualification.

Which is tougher, CS or ACCA?

The difficulty level of CS and ACCA can be subjective and depends on individual strengths and interests. CS focuses on corporate laws and governance, while ACCA covers a broader range of accounting and finance topics. Both qualifications require dedication and hard work to succeed in their respective areas of specialization.

Which country gives highest salary to ACCA?

The country that offers the highest salaries to ACCA professionals can vary based on several factors such as the cost of living, demand for ACCA skills, and the overall economic conditions. Countries like the United States, the United Kingdom, Canada, and some countries in the Middle East are known for providing competitive salaries to ACCA-qualified individuals. However, it is essential to note that salary levels can change over time, and the highest paying countries may vary based on economic fluctuations and industry demands.

What is the monthly income of ACCA?

The monthly income of ACCA professionals in India can vary depending on factors such as experience, job role, location, and the size of the company. On average, ACCA-qualified individuals can earn starting monthly incomes ranging from Rs. 40,000 to Rs. 80,000 or more. With experience and career progression, ACCA professionals can expect higher monthly incomes, ranging from Rs. 1 lakh to Rs. 2 lakh or more in senior roles.

Which country is best for ACCA jobs?

The ACCA qualification is widely recognized and holds equivalence to its Indian counterpart, CA, making it globally accepted. Indian ACCAs often find attractive overseas job opportunities in popular destinations like the UK, USA, Canada, and Australia. The qualification's international recognition opens doors to diverse and rewarding career paths worldwide.

Is ACCA job stressful?

The level of stress in an ACCA job can vary based on the specific role, company, and individual's ability to manage workload and deadlines. Some positions may involve high-pressure situations, especially during audit periods or financial reporting deadlines, while others may offer a more balanced work environment.

Is ACCA expensive in India?

The ACCA course fees for the Foundation Level typically amount to approximately Rs. 35,000 - 37,000, covering exam papers, registration, and tuition expenses. For the Professional Level, the course fees can vary from Rs. 72,000 to Rs. 1,00,000, depending on the selected papers and the chosen institute for tutorials and support.

Is it easy to get a job in India after ACCA?

ACCA qualified professionals find ample placement opportunities in renowned Big 4 firms such as EY, PwC, Deloitte, and KPMG. Additionally, multinational corporations like Tata, Grant Thornton, Embassy Group, and Pepsico also actively recruit ACCA professionals in India. The qualification's global recognition opens doors to diverse career prospects in esteemed organizations.

Which is better CA or ACCA in India?

The choice between CA and ACCA depends on individual career goals and preferences. CA is highly regarded in India and well-suited for those seeking local-focused expertise. On the other hand, ACCA offers global recognition and opportunities, making it a better fit for those aspiring to an international accounting and finance career.

What is the highest package of ACCA in India?

The highest reported salary offered to ACCA graduates is Rs. 50,00,000 per year. The top 10% of employees earn over Rs. 46,00,000 annually, while the top 1% earn an impressive Rs. 60,00,000 per year. These figures demonstrate the potential for lucrative earnings and career growth for ACCA professionals.

What is the fresher salary of ACCA in India?

As a fresh ACCA affiliate, you can anticipate a salary ranging from INR 4 to 6 lakhs per annum. With growing experience and demonstrating your skills in the field, this figure is likely to rise significantly over time.

Is ACCA in demand in India?

Yes, ACCA is in demand in India. The qualification's global recognition, comprehensive curriculum, and diverse skill set make ACCA professionals highly sought-after in various industries. Employers value ACCA's expertise in finance, accounting, and business management, leading to significant demand for ACCA-qualified individuals in the Indian job market.
 

Is ACCA higher than CA?

While the Chartered Accountant (CA) qualification is highly regarded and well-recognized within India, its primary focus is on local career prospects. On the other hand, the Association of Chartered Certified Accountants (ACCA) offers a distinct advantage in terms of global recognition and international career opportunities. While CA holds significant value in the Indian job market, ACCA's broader scope opens doors to diverse and rewarding career paths on a global scale.

What is ACCA pass rate?

The pass rate percentages for different levels of the ACCA qualification are as follows:

Applied Knowledge

Business & Technology: 79
Financial Accounting: 68
Management Accounting: 61

Applied Skills

Corporate and Business Law: 82
Taxation: 52
Financial Reporting: 49
Performance Management: 43
Financial Management: 51
Audit and Assurance: 40

Strategic Professional - Essentials

Strategic Business Leader: 49
Strategic Business Reporting: 47

Strategic Professional - Options

Advanced Audit and Assurance: 32
Advanced Financial Management: 41
Advanced Performance Management: 33
Advanced Taxation: 39
 

Is ACCA exam tough?

The ACCA exam is considered challenging due to its comprehensive syllabus and rigorous assessment process. It requires extensive study, practical application of knowledge, and critical thinking skills. However, with dedication, preparation, and perseverance, many individuals successfully pass the ACCA exams and achieve their qualification.

What is the salary of ACCA in India?

The salary of ACCA professionals in India can vary depending on factors such as experience, location, job role, and the size of the company. On average, ACCA-qualified individuals can earn starting salaries ranging from Rs. 6 lakhs to Rs. 10 lakhs per year. With experience and career progression, ACCA professionals can expect higher salaries, ranging from Rs. 10 lakhs to Rs. 20 lakhs or more per year in senior roles.

How much ACCA cost in India?

Pursuing ACCA course in India can approximately cost you anywhere from Rs. 28,000 - Rs 3,00,000. The aforementioned figures are just estimates and may tend to change, therefore, it is advisable to keep checking the official website for precise information.
 

Is ACCA a high paying job?

ACCA-qualified accounting professionals tend to command higher salaries compared to those without the qualification. This is attributed to the ACCA's broader career opportunities in various sectors and locations. On average, auditors without ACCA earn Rs 8.2 lakh per year, while ACCA-qualified auditors earn Rs 12.4 lakh per year.

Is ACCA respected in India?

The ACCA qualification's global recognition and respect make it a valuable asset for individuals aspiring to thrive in the fields of finance and accounting. As an Indian Chartered Accountant seeking to advance your professional growth, opting for the ACCA qualification can be a wise decision to further elevate your career prospects.

Is ACCA highly paid?

On average, ACCA graduates can secure starting salaries of up to INR 20 lakhs per year, with the potential for even higher earnings in senior positions within larger companies. In comparison, other certifications like CMA or CPA may offer lower earning potential in entry-level roles.
 

Is ACCA better than MBA?

ACCA and MBA are distinct qualifications catering to different career paths. ACCA is ideal for those aspiring to become professional accountants with global recognition, while an MBA is suitable for individuals seeking broader business management knowledge and leadership roles. The choice depends on one's career goals and interests.

Is ACCA equal to CA?

ACCA and CA are both prestigious qualifications in accounting and finance, but they are not equal. CA is a local qualification in India, while ACCA is a globally recognized certification. Each has its focus and benefits, offering distinct career opportunities and international recognition.

What is ACCA degree?

The ACCA Qualification is a prestigious and respected accountancy qualification. To earn the designation of a qualified chartered certified accountant and have the privilege of using the letters "ACCA" after one's name, the following requirements must be fulfilled: completion of 13 exams (with the possibility of claiming exemptions for nine exams) and meeting the practical experience requirement of three years in a relevant field.

Is ACCA more difficult than CA?

When considering passing rates, curriculum complexity, subject matter, and adaptability, the CA course is regarded as more challenging compared to the ACCA course. The CA course in India is known for its significantly low passing rate, making it one of the most demanding qualifications in the country. On the other hand, the ACCA course, while still challenging, is perceived as relatively more manageable and adaptable, offering a comprehensive global curriculum.

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