The ACCA qualification is designed to provide students with the skills and knowledge necessary to build successful careers in accounting, finance, and management.
You can take upto a maximum of four papers per examination cycle. Papers/examinations must be taken in following order of modules (Knowledge/Skills/Professional) order. Within each module, you can attempt papers in any order. However, ACCA recommends that papers within a module should be attempted in that order as the syllabus has been developed to teach the subjects in a definite order
ACCA stands for Association of Chartered Certified Accountants, is a global professional accounting body that provides aspiring financial professionals with the opportunity to gain the skills and knowledge necessary to become Global CA.
The ACCA Qualification is the world leading accountancy qualification for aspiring financial professionals.
It gives you the most up-to-date skills, knowledge, and values to have successful global careers.
The fees for the ACCA (Association of Chartered Certified Accountants) course can vary depending on several factors, including the country, study method, and exam sitting.
In general the ACCA course fees includes; One time registration fees, Annual subscription, and examination, and other fees.
To get the latest and accurate idea of the ACCA course fees, you can check the official website of the ACCA –
https://www.accaglobal.com/an/en/qualifications/accountancy-career/fees/fees-charges.html
Yes, candidates get an exemption for certain papers and levels on the basis of their academic qualifications or professional certifications that are recognized by ACCA as equivalent to some of the ACCA papers.
This means that they will not have to take these papers as part of the ACCA qualification.
The ACCA course is often described as having a moderate level of complexity. ACCA is not necessarily more challenging than other professional qualifications in the accounting and finance field like CA or CFA.
The difficulty level of ACCA exams can vary from candidate to candidate, as it depends on a variety of factors, including prior knowledge, experience, and preparation.
Yes, you can work while studying the ACCA course. The ACCA qualification is designed to be flexible and accessible to students who wish to work while they study.
The duration of the ACCA course can vary depending on the study method chosen, exemptions, individual study pace, and the number of papers you need to complete.
On an average It takes 2-3 years to complete all the exams of the ACCA course and 3 years of work experience.
The ACCA exams are computer-based, some are on demand where you can apply for the exams at your own convenience and the others are conducted four times a year in March, June, September, December. They cover a wide range of accounting and finance topics, including financial accounting, taxation, audit and assurance, and more.
ACCA has an online platform called the “ACCA Practice Platform”, which is designed to help students prepare for their exams.
The platform offers a range of practice tests and exam-style questions that are based on the latest syllabus, allowing students to get a feel for what to expect in their exams.
It is available to all ACCA students and is an excellent resource for those looking to improve their exam performance.
There is a significant scope for ACCA qualified professionals in India. The qualification is recognized and respected by various employers, professional bodies, and regulators in the country.
ACCA has established partnerships with various national accounting boards in many countries, which enables certified accountants to have signatory rights in those countries.
While ACCA members have signing authority in several countries such as the UK, Australia, UAE, Malaysia, and others, they do not have signing authority in India.
Chartered Accountancy (CA) is a professional qualification that is specific to India and is governed by the Institute of Chartered Accountants of India (ICAI). It focuses on Indian accounting, auditing, taxation, and other relevant laws and regulations
On the other hand, ACCA is an international qualification that is recognized in more than 180 countries around the world. It provides a global perspective on accounting, finance, and business, and focuses on International Financial Reporting Standards (IFRS).
So if you plan to build your career in India and want to focus on Indian accounting and taxation, then CA may be a better option for you.
However, if you plan to work in a global environment or want to explore opportunities outside India, then ACCA may be a better fit due to its global recognition.
ACCA also offers more flexibility in terms of exam schedules, exemptions, and study options.
After completing the ACCA program in India, the salary range can vary from Rs. 6 lakhs to Rs. 16 lakhs or more, depending on various factors such as qualifications, work experience, locations, and other related factors.
ACCA professionals in senior roles such as finance managers, CFOs, or directors can earn salaries of INR 20-30 lakhs per annum or more.
Yes, it is worth doing ACCA after CA if you are looking for a global career in Accountancy.
A fully qualified CA will get an exemption from first 9 out of the 13 papers, leaving you to pass the strategic professional level exams of ACCA.
Yes, ACCA members can pursue a career in the United States. However, it is important to note that ACCA is not recognized as a licensed accounting qualification in the US.
Still there are many job opportunities in the US for ACCA members in areas such as audit, taxation, financial reporting, and advisory services.
Top accounting firms, including EY, PWC, KPMG, Deloitte, Grant Thornton, and others, highly value the ACCA qualification and actively seek out a significant number of ACCAs to join their teams.
ACCA members are eligible to work in India in various industries and sectors, including accounting, finance, taxation, auditing, and consulting.
The staring salary for ACCA certified candidate falls between INR 4-7 LPA in India.
The CGMA FLP is a new digital-first pathway to complete the CIMA Professional Qualification. You are assessed at each topic as you learn, all within the FLP platform.
All three levels of the FLP culminate with a Case Study Exam to test your mastery of the business concepts and your ability to apply your knowledge and skills in real-world business situations.
It is the fastest route to CIMA qualification as you have to write a maximum of 3 External Case Study Exams only.
It is for Undergraduates, Commerce Graduates pursuing B.Com, BBA, etc or non-commerce graduates including Engineers and Semi – Qualified & Qualified Professionals
CIMA’s scope in India is increasing at a fast pace with job opportunities in Big 4 & MNCs.
CIMA’s scope outside India is immense, be it Middle East, UK or Europe. CIMA students and members are working across 180 countries of the World
Every path to earn the CGMA designation is unique. The CGMA Finance Leadership Program offers different entry points, so you can start the program at the appropriate point based on your education and experience. Your entry route will determine, in part, how long it takes you to complete the CGMA Finance Leadership Program and earn the CGMA designation.
Most candidates should aim to complete each Level, including both the learning and the Case Study Exams, within 9 – 12 months maximum depending upon their qualification & work experience.
You will get to learn Technical Skills, Business Skills, People Skills, Leadership Skills & Digital Skills.
In order to take the US CMA exam, you must have a university degree. To qualify for US CMA eligibility, applicants must hold a bachelor’s degree from any stream (except humanities) or a professional accounting certification with at least two years of related experience. Institute of Management Accountants (IMA) has flexed the US CMA exam entry criteria for undergraduates who can have another seven years to produce the documents upon successful completion of two parts of the exam.
To summarize, for US CMA, you’ll need to meet the following requirements:
Membership in IMA®.
Yes, if you want to make a career in the field of management accounting, internal control, risk management, financial statement analysis, planning, budgeting & forecasting, which can be completed within a very short period of time, say 1 year, then pursuing CMA USA will be the right decision for you.
In the wake of globalization, most of the top MNC’s like KPMG, Deloitte, PWC, EY, Microsoft, IBM, Nestle, Procter & Gamble, Wipro, Tata Consultancy Services, Accenture, IBM, Microsoft prefer candidates with a global qualification like CMA USA. So, if you want to give your career, an international edge, you should definitely opt for CMA USA.
There are lot of US companies operating in India, for example- Accenture, Capgemini, Cognizant, World bank, D.E.Shaw, Genpact- majority of them hire US CMA for FP&A profile- Financial planning and analysis, US CMA enjoys global recognition, thus there is ever increasing demand for US Certified management accountants in India.
CMA professionals are finance professionals who can work as Accounts Manager, Cost Accountant, Financial Engineer, Lead Compliance and Forensics Specialist, Business Analyst, Manager Financial Reporting, Manager Accounts, Manager Costing, DGM Tax, Data Scientist, Risk Manager, Management Accountant, Senior Associate (Financial Effectiveness).
With three testing windows every year you can sit for the exam at any time or place that is feasible for you. The CMA exam is basically a computer-based exam and is administered at hundreds of Prometric testing centres all over the world.
Any part of the US CMA exam can be taken once in a testing window and retakes need a new registration along with fee payments.
IFRS certification course is quite important for you to obtain if you want to pursue a career in managing accounting standards. Both ACCA and ICWAI have their own significance. ACCA is the association that specializes basically in IFRS and other accounting roles. ICWAI specialized in IND-AS, management accounting, and costing. Both have their own significance and are different from one another.
But as per the experts are concerned, the ACCA international finance reporting standards course is much more standardized based upon the demands of MNCs.
Here are few benefits which a Diploma holder in IFRS enjoys:
Demand in industry: IFRS qualified professionals are in high demand in MNCs and Big 4s which prefer people with international certifications. They are preferred across the globe because of their expertise in area of accounts.
Career Development: IFRS Diploma gives commitment to the professional for a successful career and highlight their potential for appropriate roles.
Better salary package: Many people consider salary package as potential criteria while choosing a career. IFRS Diploma gives you opportunity to earn more than a normal accountant by proving your expertise in the field of accounts.
Diploma in IFRS qualified professionals are offered salary of INR 5 to 6 lakhs per annum as per market survey.
With a CA under your belt, DipIFR offers an additional qualification in accounting. This may increase your employability score marginally – but not by much.
More important is the fact that it gives a comprehensive exposure to IFRS, which is not there’s in the CA course currently.
Yes, it definitely gives you an upper hand if you do CPA after CA. CPA stands for Certified Public Accountant which is conferred by AICPA USA. It is the best Chartered Accountancy Course in the world. If you pursue CPA , after completing CA, you will get ample of job opportunities in MNCs and Big 4s. An Indian CA, also pursuing the CPA qualification broadens his career options. As a member of AICPA, they are able to undertake more diverse roles, work in more diverse industries as well as work with multinational organizations that require expertise of finance professionals who are trained with international standards.
In the wake of globalization, most of the top MNC’s like KPMG, Deloitte, PWC, EY, Microsoft, IBM, Nestle, Procter & Gamble, Wipro, Tata Consultancy Services, Accenture, IBM, Microsoft prefer candidates with a global qualification like CPA USA. So, if you want to give your career, an international edge after clearing CA, you should definitely opt for CPA USA.
It is advisable to take 2 papers at a time in CPA USA, since you need to travel to Dubai or USA, to appear for the CPA USA examinations. Exams are being conducted 280 days during the year. Generally students take up FAR and AUD in one examination window followed by BEC and REG in the next level.
CPA professionals are finance professionals who have achieved expertise beyond a “normal” accountant through the vigorous education requirement and training.
Accountants who wants to more hike than a normal Accountant in their careers opt for CPA. Here are few benefits which a CPA enjoys:
Respected in their field: CPA’s are often viewed as the elite group of professionals. After years of advance academics, training and passing the vigorous CPA exam, a CPA’s ethics and character is fully tested and approved. They are immensely respected by their fellow members and clients.
Demand in industry: CPA professionals are highly in demand across the globe because of their expertise in area of accounts and finance.
Career Development: CPA licence gives commitment to the professional for a successful career and highlight their potential for leadership roles.
Better salary package: Many people consider salary package as potential criteria while choosing a career. CPA licence gives you opportunity to earn more than a normal accountants by proving your expertise in the field of accounts and finance.
CPA professionals are offered salary of at least top six figures. As per the recent survey, in USA, a newly qualified CPA with less than 1 years of work experience earn average salary of $66,000/year and CPAs with more than 20 years of experience average $152,000/year. In India, the average salary of a CPA is Rs. 7,66,201/year.
CPA professionals, considering the rigorous educational requirements and stringent norms pertaining to its qualification, are in high demand by PSUs, MNCs, the Big 4 consulting firms etc offering exciting career choices as an Auditor, Public Accountant, Management Accountant etc. CPA opens up the door to lucrative jobs in India and worldwide.
