Tag: ACCA Scope

  • ACCA Scope in India: Answering the Frequently Asked Questions

    ACCA Scope in India: Answering the Frequently Asked Questions

    ACCA in India is a well-known and increasingly popular certification. However, it is still regarded as a relatively young one. A growing number of commerce students are learning about the professional qualifications that are in their future.  Many of them are considering to pursue ACCA as a means of becoming well-known throughout the world in the accounting and finance industries. Furthermore, everyone understands the value of application-based learning, particularly in the accounting and financial sectors.

    Students are therefore interested in learning more about it, including whether ACCA is challenging, ACCA scope in India, what careers are available to them following ACCA, and how much ACCA pays in India. In this article, we will answers all the common questions related to the ACCA future, covering the range of career options and earring potential  available in different sectors.

    Frequently Asked Questions on ACCA Scope in India

    Q: Does ACCA have a future?

    Ans: The future of ACCA seems quite bright. The need for ACCA specialists will increase as companies grow internationally, particularly in fields like risk management, sustainability, and digital finance. Excellent job progression options are offered by this certification.

    Q: What is the scope of ACCA in India in the future?

    Ans: ACCA is expanding throughout India. As businesses become more globalized and there is a greater need for qualified finance experts, ACCA’s extensive curriculum and international recognition have drawn in prospective accountants and finance professionals from India. Indicating the increasing recognition and popularity of ACCA as a desired qualification, the number of ACCA members and students in India has been rising consistently. 

    Q: Does ACCA have any value in India in 2025?

    Ans: In India, ACCA holds a great reputation, job options, and earning potential/The typical yearly salary for an ACCA with no experience is between 3 and 6 lakhs. However, when you gain professional experience, especially in areas like financial management, auditing, taxation, etc., you can start earning around 10 lakhs to 20 lakhs annually.

    Q: Can I get a job in India after ACCA?

    Ans: Following ACCA, you can find jobs in a variety of sectors, including public accounting, corporate finance, banking, and multinational organizations, in positions like financial analyst, internal auditor, tax consultant, management accountant, financial controller, and more. Check the best ACCA jobs in India and give your career a new height. 

    Q: Can I get a job in the Big 4 after ACCA?

    Ans: Indeed, the ACCA certification improves employment opportunities worldwide, especially for multinational corporations like the Big 4. Deloitte, PwC, EY, and KPMG are among the financial consulting firms that greatly respect ACCA’s worldwide recognition and state-of-the-art curriculum. 

     Q: Is ACCA highly paid?

    Ans: Because of their extensive skill set and worldwide recognition, ACCA (Association of Chartered Certified Accountants) practitioners can achieve excellent pay. Experience, work function, sector, and location are some of the variables that affect earning potential and ACCA scope in India. Members of the ACCA frequently land lucrative jobs in consulting, finance, and accounting businesses, and their salary tends to rise as they advance in their careers. However, starting salary for ACCA affiliates typically ranges from INR 5- 7 lacs.

    Q: Is ACCA a stressful job?

    Ans: ACCA is a worldwide professional credential rather than a job. The ACCA qualification, which is highly respected in the business and finance industry, is offered by this internationally recognized professional accounting organization.. ACCA gives people thorough knowledge and abilities in a variety of subjects, including business & strategy, taxation, auditing, financial accounting, and management accounting. 

    Q: What is the ACCA salary in India per month?

    Ans: Many professionals who hold ACCA certifications earn from INR 40,000 to  INR 60,000 a month, which is more than their peers who are not certified.

    Q: Which is the highest-paying job after ACCA?

    Ans: There is a need for financial accountants in the public, nonprofit, and corporate sectors, thus, their employment prospects are good. ACCA-degreed professionals can progress to higher-level positions like chief financial officers (CFOs) or financial controllers.

    Q: What is the highest package in ACCA?

    Ans: ACCA experts hold high management positions, which earn the highest ACCA salary package ranging  from INR 20 lakhs to INR 30 lakhs per year. Learn about the ACCA salary in detail with this guide on ACCA salary in India. 

    Q: Can ACCA make money in crores? 

    Ans: Yes, an ACCA professional in India may earn crores. Senior-level ACCAs with experience may earn between ₹30 and ₹60 lakhs per year. Executive positions such as CFO may earn more than ₹100 lakhs.

    Q: Who earns more in India, CA or ACCA?

    Ans: A chartered accountant typically makes between 8 and 9 lakhs a year. An ACCA student typically makes between 6-7 lakhs a year. Because they are familiar with Indian laws and their terms and conditions, Indian companies prefer candidates who have earned an ICWA, CA, ACS, or MBA.

    Q: Do Indian companies hire ACCA?

    Ans: Those with ACCA qualifications are frequently hired by Big 4 firms such as EY, PwC, Deloitte, and KPMG. MNCs that hire ACCA India specialists include Tata Grant Thornton, Embassy Group, and Pepsico. For better understanding, check this blog on can I get job in big four after ACCA qualification? 

    Q: Which field is best after ACCA?

    Ans: After earning an ACCA, being a chartered financial analyst is one of the greatest degrees to pursue. A CFA is more focused on money than management. You will delve deeply into asset management, portfolio management, investing, and financial analysis.

    Q: After ACCA, is it hard to find a job?

    Ans: There is no need to fear if you are new to the workforce; you can find respectable entry-level positions that pay well. Having an ACCA course certification also makes it easier to climb the success ladder.

    Q: Which MNC hires ACCA?

    Ans: International banks that operate in India, including HSBC, Citi, Barclays, and Standard Chartered, hire ACCA specialists for positions in financial analysis and risk management.

    Q: Can ACCA work in the government sector?

    Ans: ACCA experts are hired by the government and public sector in addition to multinational corporations. Because of their high degree of expertise, ACCA professionals are in high demand across all industries.

    Q: Can I settle in the UK after ACCA in India?

    Ans: After you have completed the ACCA course in India and looking to move to the UK for better careeroptions, you need to fulfill certain criterias. You first need to obtain an immigrant visa as a prerequisite to live in the UK permanently. Read more on how to get a job in the UK after ACCA in India .  

    Q: Is the demand for ACCA declining?

    Ans: Global demand for the ACCA certification is expected to remain strong, especially in nations that use International Financial Reporting Standards (IFRS). Professionals with an understanding of global financial systems are becoming more and more important as organizations expand globally.

    Q: Is ACCA jobless in India?

    Ans: If you don’t just rely on your qualifications, there are hundreds of ACCA job opportunities available. This also applies to any other qualification. ACCA offers options such as a virtual career fair and a comprehensive careers portal.

    Q: What are the disadvantages of the ACCA qualification?

    Ans: Because ACCA is globally recognised, you will be up against a large number of applicants from around the globe. This may make finding an ACCA  job more challenging. 

    Q: Which institute is best for ACCA in India?

    Ans: Among a long list of ACCA institutes in India, Mirchawala’s Hub of Accoutancy has established itself as the leading name for online ACCA coaching. 

    Q: Can an average student pass ACCA?

    Ans: Yes, with the correct guidance, efficient study methods, and dedication, even the average student may pass the ACCA (Association of Chartered Certified Accountants) exam. Even though ACCA tests can be difficult, their purpose is to evaluate practical abilities and applicable knowledge. An average student can succeed in ACCA with regular practice, planning, and a laser-like focus. 

    Summing Up…

    Overall, the scope of ACCA in India is only growing with each day that goes by. These days, an increasing number of companies use ACCA as a tool to implement financial management and obtain international certifications. Because of the high caliber of the ACCA qualification, one can learn all the skills needed to work and thrive in various sectors, including banking, technology, consulting, and many other businesses. There are also plenty of opportunities for growth for those who want to obtain this esteemed certification can look forward to a future in India as an ACCA.

    We tried to cover as many questions as possible related to the ACCA scope in India. Hopefully, you have found this post helpful and interesting. Stay tuned for more such exciting content!  Contact us to know more! 

  • How to Convince Your Parents to Get ACCA Qualification

    How to Convince Your Parents to Get ACCA Qualification

    OVERVIEW:

    Although the ACCA qualification is considered a very prestigious and competitive qualification, each person has their perspective especially when it comes to career pathways, your parent’s preference of career pathway can completely contradict yours. It is important to convince your parents of your chosen career pathway, for their moral support. This blog provides you with all the effective ways to convince your parents to accept the ACCA qualification.

    TELL THEM ABOUT THE ACCA QUALIFICATION:

    Before diving into the process of convincing your parents for ACCA qualification. Firstly, you need to tell them about what this qualification is about, how long it takes to complete the qualification, and what it offers. You can explain these things as follows:

    • ACCA is one of the most prestigious and highly regarded qualifications in accounting and finance, this qualification is recognized globally and offers many career opportunities in various roles and industries.
    • This qualification is divided into three parts (Applied knowledge, Applied skills, and strategic professional), there are a series of 13 papers on ACCA qualification. 
    • ACCA exams are taken quarterly or in four sessions in a year (March, June, September, and December).
    • This qualification provides in-depth knowledge about audit, taxation, management accounting, financial reporting, etc.
    • It usually takes around 3 to 4 years to complete this qualification.

    EXPLAIN THE SCOPE OF ACCA QUALIFICATION:

    Most people are unaware of the scope of ACCA qualification, so it is important to explain to your parents the scope of ACCA qualification. You can highlight the points given below:

    • Tell them about ACCA’s global recognition, and how this recognition opens the door to numerous international career opportunities for ACCA professionals. 
    • Highlight the career prospects, ACCA professionals are more valued than non-certified accounting, and finance professionals. The employability rate of ACCA-qualified professionals is much higher.
    • ACCA-qualified professionals have higher earning potential as compared to other qualifications.  
    • ACCA offers a progressive career, with efficient experience and skill set ACCA professionals can progress to higher management roles like CFO, finance director, etc.

    Mirchawala's Hub of Accountancy CALL TO ACTION

    EXPRESS YOUR COMMITMENT AND DEDICATION TOWARDS THE QUALIFICATION: 

    The question ‘how to convince your parents of ACCA qualification’ itself shows your interest and dedication towards the qualification. If you are willing to convince your parents of it, you need to give them reasons to believe in your dream. Following are the discussions that can be fruitful in convincing your parents:

    • Explain to your parents how eager and passionate you are for this qualification and how this qualification aligns with your long-term career goals 
    • Highlight your interest and dedication towards studies, let them know you will ace the ACCA exams and are interested in diving into the complex accounting syllabus of ACCA qualification.
    • Create a study plan to show them how you are going to manage time, balance work and studies, etc.

    ADDRESS FINANCIAL CONCERNS:

    Another major factor that can influence your parent’s decision to choose a qualification is financial concerns. Following are some tips that can help you out in this matter:

    • Perform a Cost-benefit analysis, comparing the cost included in ACCA qualification (registration fee, tuition fee, exam fee, etc) to the potential long-term benefits of the qualification (expected salary, job security, continuous professional growth, etc).
    • Mention Financial aid options for ACCA students, such as scholarship opportunities, part-time jobs, employer sponsorships, etc. Explain that these things contribute to reducing the cost of ACCA qualification.
    • Lastly, elaborate properly on the return on investment (ROI) of this qualification. 

    HIGHLIGHT THE FLEXIBILITY OF THE ACCA PROGRAM:

    It is important to elaborate on the flexibility of ACCA qualification to your parents, as this can add value to convince your parents. You can highlight it in the following points:

    • Explain the flexible study modes (part-time and full-time) to your parents. ACCA offers the option of part-time studies for students to make the qualification manageable for working students and allow them to balance work and studies.
    • Flexible study options (virtual/online tuitions, in-person classes, and self-study). ACCA offers the option of online classes as well which makes it easier for the students to learn with just a click of a button. This option reduces additional conveyance costs and time to travel. Students can also do a self-study by buying study material through a reliable source.
    • Students can study at their own pace and take exams when they are fully prepared, ACCA exams take place in four sessions every year in the month of March, June, September, and December.
    • It also offers career flexibility, which means that ACCA professionals are not bound to work in a similar role or sector. 
    • ACCA professionals can work as auditors, financial analysts, financial reporters, management accountants, tax consultants, etc. They can work in different industries or sectors.

    PROVIDE EVIDENCE OF SUCCESSFUL OUTCOMES:

    Highlighting Success stories of ACCA qualifications and students can convince your parents. Share stories of people who chose this path and attained highly reputed positions in the field of accounting and finance. You can also include success stories of alumni of your school, or college as it can be more effective. 

    CONCLUSION:

    This is how to convince your parents to ACCA qualification, by providing in-depth insights about the qualification, scope, career prospects, flexibility, financial considerations, long-term career goals, return on investment, dedication, etc of this qualification. By preparing a well-aligned case on this concern and showcasing your dedication you will be able to convince your parents for ACCA qualification.

    FREQUENTLY ASKED QUESTIONS:

    Q1: What is ACCA and why is it important?

    Answer: ACCA is a prestigious, highly regarded, and globally well-acknowledged professional qualification in accounting. This qualification provides comprehensive training in subjects like finance, accounting, taxation, auditing, and management. It is a highly in-demand qualification amongst the aspirants of accounting and finance because it opens the gate to numerous career opportunities.

    Q2: How long does it take to complete ACCA qualification?

    Answer: Normally it takes 3 to 4 years to complete this qualification, however, the duration of completion may differ depending on every student’s study pace.