ACCA: Course Details, Eligibility, Exams, Exemptions, Fees, Scope, Jobs

Complete Guide to ACCA Course Details -

What is ACCA?

The ACCA, also known as the Association of Chartered Certified Accountants, is a globally recognized program that offers a qualification in accounting. ACCA aims to support accounting professionals in achieving their career goals while upholding the highest ethical standards.

It that has 600,000 students in 180+ countries and over 200,000 members. This credential is thought to be the biggest in the world for professional accounting. Students who choose to pursue their careers overseas choose this course. It is known to be one of the most prestigious accounting certifications. In India, ACCA and CA are considered equivalent to each other. Most firms including PwC, KPMG, Deloitte, EY, Grant Thornton, and BDO hire ACCA professionals at the same pay.

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ACCA Course Details

Following are the ACCA Course details -

ACCA Admission

Admission is open to ACCA students after clearing class 10th. However, before beginning the thirteen core ACCA subjects, the students must finish ACCA diploma program as a pre-requisite.

ACCA Course Eligibility

Let's discuss the pre-requisites to enroll in the ACCA course -

• ACCA course requires to to pass Class 12 with a minimum of 50%. Additionally, you had to have received at least a 65% on all of your accounts, English, and Math tests. 
• If a candidate doesn't meet the requirements listed above, he/she would require to pursue and finish the Foundation in ACCA Diploma.

Chartered Accountancy (CA): Full Form, List of Accountants in Delhi, Courses, Exams, Salary, Recruiters

Benefits of ACCA Certification

1. Global Recognition: The ACCA credential is highly valued by individuals looking for international employment prospects, since it is recognized in more than 180 countries.
2. Flexible Career Paths: Graduates of ACCA programs can work as financial analysts, auditors, tax consultants, or management accountants, among other positions.
3. Professional Development: Gaining the ACCA qualification gives you a solid foundation in taxation, auditing, and financial and management accounting. It also improves your knowledge and abilities in these areas.
4. Opportunities for Networking: Becoming a member of ACCA gives you access to a worldwide network of professionals, creating opportunities for mentoring and teamwork.

ACCA Levels

There are three levels that ACCA offers -

1. ACCA Foundation Level - The ACCA course's first level provides fundamental knowledge and information in accounting and finance. To move on to the next level, the candidate must pass this one by appearing in three exams. 
2. Applied Skills Level - At this level, strategic thinking and additional accounting skills are crucial. The modules that the student completed at the Foundation Level serve as the basis for these abilities. 
3. Professional Level - The ACCA course's last level is the most crucial one. It includes the professional abilities needed in the accounting sector in addition to a more comprehensive version of the strategic skills.

In addition to the study modules, the students have to finish about three months of work experience in a related field. This work experience can be finished during the course or even after the students have finished every level. Only after completing the work experience and passing all levels can one claim your ACCA certification.

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ACCA Exams

ACCA Exemptions

Students who hold a degree are exempt from taking some of the ACCA exams. The following lists the ACCA exemptions:

• Passing Class 12th: Students who successfully complete Class 12 will not need to enroll in the ACCA Foundational Diploma course. Students with no formal education are eligible to take this exam. 
• BCom or MCom degree: Graduates with a BCom or MCom degree are excused from taking Business & Technology (BT), Management Accounting (MA), and Financial Accounting (FA) ACCA Knowledge level exams. Additionally, they will not be required to take the Corporate and Business Law Skill Level Exam. 
• Passing the Chartered Accountancy exam: Students who pass the exam will receive a 9 out of 13 paper exemption. As a result, knowledge and skill levels will be totally excluded. The four Professional Level exams are all that students must take. 
• Passing the CA IPCC: After passing the CA IPCC, students must take the eight ACCA exams. Business & Technology, Management Accounting, Financial Accounting, Taxation, Audit, and Assurance are the only four exams that will be exempt.     
  
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  M.Com

ACCA Exam Dates

There are four cycles, or sessions, available for the ACCA exam. The following list includes the dates for the March, June, September, and December sessions -

June Session 2024 - (Events Occured)

September Session 2024 - (Events Occured)

December Session 2024 - To be Announced

ACCA Syllabus and Subjects

The ACCA Syllabus includes Foundations in Accounting, Knowledge Level, Skill Level, and Professional Level. The following is a detailed list of the ACCA syllabus:

ACCA Syllabus and Subjects 2024: Exams, Certification, Qualification

ACCA Course Fees

The entire ACCA fee comes to about 1,70,000 INR. The ACCA Course Fees in detail are listed below -

ACCA Course Comparison

Similar to CPA and chartered accountancy courses, the ACCA course is a highly pertinent financial education. The following is a detailed comparison:

ACCA vs CA

ACCA Scope

ACCA has enormous potential in the future with the rise in globalization. Businesses from all around the world are offering their services and goods. Key areas of focus for ACCA are outlined below:

• ACCA is one of the most respected certifications, recognized in more than 180 countries. The majority of Indian ACCA professionals are employed in the UK, Australia, Singapore, and Germany.
• International businesses operating in India have a great need for ACCA specialists. They employ experts who understand international accounting and are certified for work abroad. They have to be able to work with both IFRS and US GAAP. 
• The duties performed by an ACCA and a CA are identical. An ACCA specialist can also perform the same type of work.

Career Opportunities After ACCA

Obtaining the ACCA qualification allows one to pursue a variety of professional options, such as:

• Accountant: Creating financial statements, overseeing spending plans, and making sure rules are followed.
• Financial Analyst: Financial data analysis is done by financial analysts to assist firms in making wise decisions.
• Auditor: Performing audits to evaluate compliance with legal requirements and the correctness of financial accounts.
• Tax Consultant: Offering both individuals and corporations guidance on tax strategy and compliance.
• Management consultants: They offer guidance to companies on enhancing productivity and effectiveness.

ACCA Jobs

The package of ACCA depends on the amount of the work experience has a significant impact on the salary. The starting salary for ACCA students is approximately INR 7 LPA, but with experience, this can rise to more than INR 15 LPA. Among the leading firms that employ ACCAs in accounting and finance are BDO, Grant Thornton, J. P. Morgan, and Morgan Stanley.

ACCA Salary -

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