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 Admissions 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.
ACCA Course Highlights
Some of the important ACCA course highlights are mentioned below:
| Feature | Description |
|---|---|
| Duration | 36 months (approx.) |
| Structure | Three levels: Foundation, Skills, Strategic Professional |
| Focus | Blend of theoretical knowledge and practical skills |
| Skill Development | Covers accounting, finance, taxation, management accounting, auditing, and business law |
| Flexibility | Can be pursued alongside a degree |
| Global Recognition | Valued qualification in 178 countries |
| Exam Format | Computer Based Exams (CBEs) for most exams |
| On-demand Exams | Skills level exams can be scheduled flexibly |
| Exemptions | Possible exemptions for prior qualifications |
| Career Prospects | Opens doors to various accounting and finance roles |
| Earning Potential | ACCA graduates command higher salaries ranging from INR 8 – 20 LPA |
What is ACCA Qualification?
The ACCA Qualification, which stands for the Association of Chartered Certified Accountants, is a professional accounting certification that has global recognition. It gives people essential abilities in accounting, auditing and financial evaluation as well as strategy and budgeting. Having more than 200,000 members along with 600,000 students around the world makes ACCA an organization offering chances for career advancement across different fields. This study usually needs 2-3 years and has difficult tests. It can lead to good jobs all over the world, particularly in big international companies and respected businesses.
ACCA Course Duration
ACCA course takes around 2 to 3 years to complete. This can vary based on different aspects like your previous education and how much time you dedicate to studying. The course has three levels: Knowledge, Skills and Professional; it consists of a total number of 13 exams altogether. You might not have to take all these if you already possess suitable qualifications. For instance, students who hold a Bachelor’s or Master’s degree in Accounting or Finance could be exempted from certain tests as well as professional credentials such as CPA (Certified Public Accountant), CMA (Certified Management Accountant), CFA (Chartered Financial Analyst) and CA (Chartered Accountant). ACCA is a very respected qualification in the accounting world, giving students thorough study material, tough tests and a symbol of high level professionalism.
Why Choose ACCA Course?
ACCA course is a professional qualification for accounting and finance that has good standing around the world. This course gives you complete knowledge of worldwide accounting and auditing rules. It offers many advantages like worldwide experience, solid base in money handling plus current info with better job chances to those who have passed the ACCA exam. Getting this qualification can help you get a higher salary as employers all over the world value ACCA greatly and see it as proof of your financial expertise. The convenient timing of exams and learning resources could be an appealing factor for those aiming to enhance their job opportunities in accounting and finance, such as students or professionals. Furthermore, the ACCA learning path includes many areas like financial management, taxation, law, business administration knowledge as well professional morals along with management accounting plus auditing – this makes it a flexible qualification fitting different kinds of work roles.
ACCA Eligibility Criteria
The requirements set out by the ACCA (Association of Chartered Certified Accountants) for eligibility differ based on educational background. For individuals who have completed their 12th standard education, it is necessary that they have obtained at least 65% in two subjects – Accounts and Mathematics, as well as no less than a minimum of 50% across the remaining three subjects.
If someone has graduated with a degree in Commerce they are able to take up ACCA exams directly, however those who hold other types of degrees will need to complete the ACCA Foundation diploma first. Course is open for CA students, where chartered accountants are exempted from 9 of 13 exams.
Minimum age for candidates should be not less than 18 years old. Exemptions are available to candidates with existing qualifications or training, allowing them to start their studies at the right level based on their current knowledge and skills.
To become an ACCA member, you must finish 36 months of suitable job experience and the Practical Experience Requirement (PER). The ACCA qualification is placed at Master’s level and contains four levels: Foundation in Accountancy, Knowledge Level, Skill Level as well as Professional Level.
Aspirants need to finish 13 ACCA papers that are dependent on their qualifications and previous experience. Aspirants also have a requirement of work experience in a practical role related to accounting for nearly three years, along with completing the module of Ethics and Professional Skills for fitting into this membership category.
Skills Required To Pursue ACCA Course
For the ACCA (Association of Chartered Certified Accountants) course, students need to have various skills. They must be good in technical accounting knowledge, analysis and critical thinking, communication as well as leadership and teamwork.
Students who are pursuing ACCA should have a strong understanding of accounting principles and practices. They must be skilled in financial reporting, taxation, audit and assurance along with management accounting.
Students preparing for this exam need to possess analytical and critical thinking skills which are important when it comes to solving complicated financial problems or making choices based on data. In ACCA, we know how important it is to communicate well when sharing financial details with different interested parties.
Also, abilities like leading and working in a team are useful for advancing in careers. For boosting these skills there can be workshops, webinars, hands-on tasks, internships, case competitions, data analysis projects; study groups; online forums; public speaking clubs as well as leadership positions within college organizations or community initiatives for ACCA students.
ACCA Course Fees
ACCA course fees in India have a range of around INR 1.2 lakh to INR 2.6 lakh. This cost will cover the one-time registration fee, yearly subscription and every exam’s fee (in GBP). Below mentioned is a breakdown of ACCA course fees for Indian subcontinent; it’s always best to check the official website for precise fee data.
| Level | Registration Fee | Exam Fee (per exam) | Additional Fees |
|---|---|---|---|
| Foundation | Rs. 11,292 | Rs. 7,794 | Exemption Fee: Rs. 3,897 |
| Skills | Rs. 11,292 | Rs. 7,794 | Exemption Fee: Rs. 3,897 |
| Professional | Rs. 11,292 | Rs. 7,794 | Exemption Fee: Rs. 3,897 |
| Additional | – | – | Re-registration Fee: Rs. 22,584 |
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) |
|---|---|
| India | Rs. 6,00,000 – Rs. 10,00,000 (approx.) |
| United Kingdom | GBP 35,000 – 55,000 (approx.) |
| United States | USD 60,000 – 90,000 (approx.) |
| Canada | CAD 50,000 – 80,000 (approx.) |
| Australia | AUD 70,000 – 100,000 (approx.) |
| Singapore | SGD 60,000 – 90,000 (approx.) |
| UAE (Dubai) | AED 120,000 – 180,000 (approx.) |
| South Africa | ZAR 400,000 – 600,000 (approx.) |
| Malaysia | MYR 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.