Association of Chartered
Certified Accountants
ACCA is one of the qualification which is constantly anticipating and adapting the challenges for the professionals of tomorrow with regular research on required new skill set by employers.
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What is ACCA?
The Association of Chartered Certified Accountants is referred to as ACCA. With more than 2,20,000 members and 5,20,000 students, ACCA Course is the fastest-growing and most forward-thinking professional accounting body in the world. With its headquarters in London, the ACCA has a network of more than 100 offices around the world. With over 7,100 approved employers worldwide, ACCA has a presence in more than 180 nations, making it a Global Qualification that is widely recognized by numerous MNCs throughout the world.
ACCA is the oldest and most reputable certificate in the world for building the crucial strategic accounting infrastructure, which is necessary for the expansion of any organization, regardless of its size and sector. The largest and oldest accounting association in the world, ACCA was founded in the UK in 1904 and stands for Association of Chartered Certified Accountants. It is the first and quickest route to enter the crucial field of managerial and financial accounting.
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Key Highlights of ACCA
Eligibility for ACCA Course
To sit for the ACCA course exam, a candidate must:
- Passed the 10th or 12th Class.
- A minimum of 50% in all other disciplines and a combined score of 65% in English, Mathematics, and Accounting
- Three years' worth of related experience (Delete)
- Starting your ACCA course preparation while in Class XI or XII will allow you to graduate with your degree in hand.
- In addition to graduating, students seeking bachelor's degrees can also complete the ACCA. (Delete)
- Graduates (B.com/B.com H) students, CA IPCC students, and CA Final students may also pursue this, and they may be eligible for a number of exemptions while doing so.
- CA Qualified Professionals are also eligible to pursue ACCA and can receive up to 9 ACCA paper exemptions.
In March, June, September, and December, the applicant may show up for the ACCA course tests for the Skills Level and Professional Level. Exams are scheduled as needed for the Knowledge level (On-Demand Exams).
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ACCA Course Syllabus
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (FA)
- Corporate and Business Law (LW)
- Performance Management (PM)
- Taxation (TX)
- Financial Reporting (FR)
- Audit and Assurance (AA)
- Financial Management (FM)
- SBL – Strategic Business Leader
- SBR Strategic Business Reporting
Two out of the following:
• Advanced Financial Management (AFM)
• Advanced Performance Management (APM)
• Advanced Taxation (ATX)
• Advanced Audit and Assurance (AAA)
• B. Com & M. Com: Full Knowledge level and Corporate and Business Law (LW) from Skills Level
• MBA (Finance): Full Knowledge Level
• CA/IPCC both groups cleared: Full Knowledge Level, Taxation(TX)& Audit and Assurance (AA) from Skills Level
• CA/ICWA: Full Knowledge Level and Full Skills Level
ACCA Course Fees
The ACCA Course Fees may differ based on a number of variables, including the nation or region in which you reside, the tuition provider you select, and the particular ACCA qualification level you wish to pursue.
The student must pay three different sorts of fees for the ACCA course:
- Initial registration; costs £30 (about 2,700 rupees). Suppose 1 £ equals 90 INR.
- Student annual subscription costs: £116 = 10,440 Indian rupees
ACCA Examination Fees
Knowledge Level |
Skill Level |
Professional Level |
|
1. Fees per paper |
£84 = 7,560 INR for each paper |
£129 = 11,610 INR for each paper. |
SBL £227 = 20430 INR Rest 3 tests £162 = 14,580 INR each So (14,5803 x 3) = 43,740 INR |
2. No of Papers | 3 Papers | 6 Papers | 4 Papers |
3. Total Fees in INR | 7,560 x 3 = 22,680 INR. | 11,610 x 6 = 69,660 INR. | 20,430 + 43,740 = 64,170 INR |
- Total cost: 2,700, 10,440, 22,680, 69,660, and 64,170 rupees, or 169,650.
- This excludes tuition and textbook costs because they rely on the learning provider you pick. Additionally, ACCA reserves the right to adjust the prices and currency rates
Frequently Asked Questions
The ACCA Qualification is the industry’s top accounting certification for aspiring finance professionals. It equips students with the abilities, know-how, and moral principles needed to succeed in the workplace and guide their organizations into the future.
ACCA is regarded as superior to CA because it is widely recognised. Although CA is a fantastic fit for India because it works with the country’s accounting, financial, and tax systems, it is not the best option for someone who wishes to relocate abroad.
The entire ACCA course can be finished in two to three years. To receive the ACCA course certificate, a candidate also needs to have 3 years of relevant job experience.
In India, an ACCA makes an initial average salary of INR 8 LPA. The ACCA remuneration is quite comparable to that of a professional Chartered Accountant (CA).
Jobs for ACCA experts have increased steadily as the number of MNCs and Big 4 firms has increased. The demand for the certification exam has also increased in the market as more students become aware of ACCA and its advantages.
Sure, the ACCA course material is challenging. Professional accounting is not supposed to be simple. But it’s not that hard to crack. With the right coaching and professional guidance, one can surely ace it.