Association of Chartered Certified Accountants is the name of the organisation. Acca is a worldwide accounting organisation that was founded in 1904 and provides “Certified Chartered Accountant” accreditation.  The length of an ACCA course varies depending on the students’ educational background. The ACCA programme lasts three years for students who have finished their 12th grade, two to two and a half years for commerce graduates, two years for IPCC groups, and one year for B.Com and CA graduates.

Students must be at least 18 years old, have passed the 10+2, have an overall math/accounting and English score of 65%, as well as an overall score in all other disciplines of at least 50%, to be eligible for the ACCA. Students who are graduating with a BCom, BBA, BMS, or other degree in business or commerce may also apply to take the ACCA course at the same time. All universities and institutes recognise and adhere to the same ACCA qualifying standards.

Given below are the important details of the ACCA course program:

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The Association of Chartered Certified Accountants, or ACCA as it is more often known, is a certification curriculum that is highly renowned. It has more than 200,000 members and 600,000 students in more than 180 countries.

The ACCA, one of the most esteemed credentials in the field, is highly prized by students who want to pursue a fruitful career in accounting.

Since ACCA is one of the most well-known degrees, it applies to all countries.

The ACCA is a high-level professional qualification that is equivalent to completing a full university degree and is based on international accounting and auditing standards.

The student may continue their degree programmes, such as B. Com, BBA, etc., while also taking the ACCA course. Even the degree programme itself could include it.

For applicants seeking or possessing a graduate degree, the ACCA test framework is a good option due to its considerable flexibility.

A maximum of 7 years may pass the 13 required ACCA examinations.

The ACCA certification covers financial statements, managerial accounting, business taxation and laws, audit, and business ethics.

The ACCA syllabus offers students an excellent opportunity to begin a career in accounting and finance because it is both industry-relevant and widely acclaimed.

The following criteria must be met in order to enrol in the ACCA course:

Students need to be at least 18 years old.

Students must at the very least have completed the 10+2 requirement in order to be eligible for an ACCA course.

The minimum passing grade for both English and Accounts/Mathematics is 65%.

All other subject grades need to be at least 50% in order for students to be qualified for the ACCA course.

There are two modes for admission into ACCA Course, which are as follows:

1. Merit-based
2. Entrance Exam Based

ACCA Entrance Exams

ACCA frequently waives admission exams. On the other hand, several colleges conduct entrance exams to provide ACCA admittance. The tests needed to be taken in order to be admitted to ACCA courses are listed below:

Merit Based Admission Process

The following provides a full description of the admissions process followed by organisations like Apeejay Stya University in Gurgaon, which provides merit-based ACCA admissions:

Step 1 – Fill out the application form completely and submit it. Some universities only take online applications, while others allow both. Online or offline application forms must be completed by students.

Step 2: Upload documents: After completing the application form’s mandatory fields, students must scan and upload the essential paperwork to the admissions portal in order to be admitted and verified.

Paying the application fee, which varies from college to college, is the third step. They will then receive their application number via SMS or email.

Step 4: Reviewing applications and shortlisting applicants The university’s admissions staff will select applicants after reviewing student applications to see whether they meet the requirements. In order for these students to participate in group discussions and rounds of personal interviews (PI), they will now be contacted.

 Step 5: Individual interviews and group discussions (GD) make up.In order to learn more about a candidate’s past and character in relation to the expectations the university has for its students, some universities conduct GD and PI rounds.

Below is a full description of the admissions process followed by institutions like Christ University, Bangalore, which accepts applicants for the ACCA through an entrance exam:

Start by filling out and submitting the application.

Step 2 – Upload the necessary files in step two.

Step 3 – Pay the application fee in step three.

Step 4 –  is to sign up for the admission exam. If the institution to which they have applied does not automatically register them, the student must do so before the deadline.

Shortlisting candidates in stage five: The results of the entrance tests will be used by the university to choose the students. For further confirmation, the people on the short list will be contacted.

Step 6: Only those candidates who have been selected for personal interviews and document verification will be contacted. Candidates who are deemed eligible will be allowed to enrol in the programme.

The syllabus for ACCA is divided into 13 exams and 3 course levels, which are:

1. Knowledge
2. Skills
3. Professional

The detailed ACCA subjects for each level are given below:

ACCA Subjects: Knowledge Level

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ACCA Subjects: Skills Level

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ACCA Subjects: Professional Level

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After passing all 13 ACCA exams, candidates must demonstrate that they have 36 months of relevant experience. Additionally, candidates should complete the Ethics and Professional Capabilities Module, which aids candidates in developing all of the skills that employers need.

Given below is the list of the ACCA papers, which candidates must clear to earn ACCA certification:

1. Audit and Assurance (AA)
2. Taxation (TX) 
3. Performance Management (PM)
4. Financial Reporting (FR)
5. Financial Management (FM)
6. Advanced Audit and Assurance (AAA)
7. Advanced Taxation (ATX)
8. Advanced Performance Management (APM)
9. Strategic Business Reporting (SBR) 
10. Advanced Financial Management (AFM)
11. Strategic Business Leader (SBL)
12. Advanced Taxation (ATX)
13. Corporate and Business Law (LW)

Depending upon the qualifications, there are certain exemptions for ACCA Exams for students, which are listed below:

ACCA Course Comparison

This section contrasts the requirements, duration, price, eligibility, admission, and other key features of the ACCA course with those of related programmes like CA, CS, and CPA.

• ACCA vs CA

The ACCA is a certification for accounting education that is widely regarded. The ICAI’s Chartered Accountancy (CA) programme in India grants comparable accounting qualifications. You can choose which is preferable for you by understanding the distinctions between ACCA and CA.

ACCA vs CS

While the ACCA course trains students to become financial officers and accountants, the Company Secretary (CS) degree concentrates solely on the legal and financial aspects of a firm. Here, the two courses are carefully compared with regard to prerequisites, duration, cost, entrance requirements, and other factors:

ACCA vs CPA

The tabled form below provides specific information about the differences between the ACCA and Certified Public Accountants (CPA) programmes in the USA based on requirements, exams, duration, fees, typical incomes, and more: 

ACCA Scope 

Both domestically and abroad, notably in India, ACCA professionals are in high demand.

Employing graduates with an ACCA degree are renowned organisations like Ernst & Young, PricewaterhouseCoopers, KPMG, HSBC, Standard Chartered, and others.

Accounting advisory, risk advisory, corporate finance, audit and assurance, internal audit, taxation, and investment advisory are just a few of the careers offered to ACCA-qualified students in India.

The job offers given to Indian CAs with the same title, profile, and pay are comparable to those made to foreign CAs.

Students can continue their education in India or overseas after completing their ACCA course. The following higher education choices are available to students after they complete the ACCA course:

“Chartered Financial Analyst” (CFA USA) is a postgraduate degree in finance that is available anywhere.

With a focus on accountants who are already employed in the field, the Chartered Institute of Management Accountants (CIMA UK) offers training and certification in management accountancy and related fields. It also offers members continual training and assistance.The Institute and Faculty of Actuaries (IFoA) test is regarded by many as the world’s most challenging finance exam. It is the only formally recognised professional body in the UK whose sole mission is to educate, advance, and oversee actuaries working both domestically and abroad.

The most prestigious certification for risk managers, Financial Risk Management (FRM US), is sought after by practically every major bank and enterprise in the world. It is only given to individuals who can show that they have the skills and knowledge necessary to foresee, manage, and adapt to urgent risk situations.

• Students who obtain an ACCA-accredited chartered account are prepared for senior management positions and can swiftly rise to more senior posts like Chief Financial Officer (CFO).
• Initial ACCA salaries may range from INR 3.5 to 4 LPA, and there is a great deal of opportunity for future financial reward.
• One can select from up to 18 different employment profiles after completing an ACCA course, each of which offers a variety of positions. Nevertheless, there are numerous employment options in the accounting industry.

ACCA Salary in India

Given below is a list of ACCA job profiles and ACCA salary in India in a tabular form:

Here is a list of the top recruiters that hire ACCA course graduates:

• Ernst & Young (EY)
• Deloitte
• Klynveld Peat Marwick Goerdeler (KPMG)
• Pricewaterhousecoopers (PwC)
• Grant Thornton
• BDO

In addition to being an accountant, an ACCA professional can operate as a management consultant, financial planner, and in other roles. Aspects of Chartered Accountancy including Accounting, Financial Reporting, Auditing, Taxation, Business Finance, and Financial Management are covered in the ACCA course.

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