Should I pursue ACCA in India after B.Com? This is a question that many students have. The answer is simple: it depends on your professional goals and preferred career path. You do not even need to pursue a B.Com to join ACCA. Anyone in any stream who is finishing the 12th grade is eligible to apply for ACCA. However, because it may help one qualify more quickly, studying a B.Com in addition to ACCA may offer additional benefits, like exemptions in specific ACCA papers. The relationship between ACCA and B.COM, as well as their advantages, exclusions, and application process for ACCA exemptions, will be covered in this article.
Why should You Choose ACCA after B.Com?
You can easily boost your career by pursuing an ACCA qualification, particularly if you have a background in business or commerce. Here is a thorough examination of the reasons why graduates of particular academic programs should consider ACCA:
- The foundations established in a Bachelor of Commerce program are expanded upon by ACCA, and skills are enhanced.
- It sharpens your expertise by going deeper into important topics, including accounting concepts, financial management, and strategic planning.
- International Career Doors: Due to ACCA’s global recognition, there are many job options to work overseas.
- International job markets may benefit from a B.Com. graduate’s widespread recognition.
- The goal of ACCA is to get you ready for advanced accounting and finance professional paths. You can pursue positions like financial analyst, tax advisor, audit manager, or eventually chief financial officer with an ACCA qualification.
- It gives you the strategic thinking and technical know-how required for these high-level positions.
ACCA Exemptions: A Quick Overview
You can earn the ACCA qualification in India without taking some ACCA tests thanks to ACCA exemptions. You can be eligible for exemptions from some ACCA tests based on your past credentials.
For instance, ACCA may exempt you from part of the 13 papers if you have a background in business or have studied finance and accounting. Additionally, you might qualify for exemptions if you have relevant work experience in finance and accounting.
The exemptions calculator on the ACCA website makes it easy to determine your eligibility if you’re not sure.
ACCA Exemptions with B.Com
If you are pursuing an ACCA course in India or Dubai after B.Com, you get exemptions in five ACCA papers.
This means you would only need to take eight of the thirteen papers in the ACCA program, which speeds up the process of earning the ACCA certificate. These exemptions save time and effort for students, even those in their second year of BCom.
ACCA exemption after B.Com is offered for individuals who aspire to work in finance and accounting. You are excluded from certain ACCA exams depending on the subjects you have already studied because of your BCOM degree. This speeds up the advanced-level papers and advances your career by reducing the number of courses and, thus, the cost.
The following five papers can be skipped if you qualify for ACCA exemptions after B.Com:
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (FA)
- Corporate and Business Law (LW)
- Taxation (TX)
How to Apply for ACCA Course Exemption?
There are two ways to apply for ACCA course exemptions:
- When registering as a student on the ACCA website, you can submit a request for an exemption.
- To find out about exemptions, you can also email ACCA your supporting documentation.
Conclusion
It is crucial for students seeking the ACCA qualification to understand the potential exemptions and their associated costs. This will make it easier and less expensive to get the ACCA qualification.
To assist interested students in beginning their ACCA journey, Mirchawala provides a thorough ACCA course.
This course is perfect for you if you’re looking for classroom or online ACCA coaching to study and hone your abilities for the ACCA qualification.
Begin preparing for ACCA with Mirchawala.
Frequently Asked Questions (FAQs)
Q: Is there any exemption for a BCom in ACCA?
Ans: Students can get exemptions from five ACCA Qualification papers after earning their BCom degree. However, the ACCA Exemption Calculator is the perfect tool to check the precise amount.
Q: Which is better, ACCA or BCom?
Ans: While ACCA offers specialized skills in accounting, auditing, taxation, and financial management, BCom gives you a general theoretical grasp of business operations. Therefore, combining ACCA with B.com would help you land jobs around the world.
Q: What is the B.Com with ACCA salary?
Ans: A professional with B.Com and ACCA can initially earn ₹5-8 LPA. Professionals in the middle earn around ₹10–20 LPA, and experienced professionals can earn ₹25–40 LPA.
