In this present financial world, ACCA is considered one of the most prominent accounting degrees. The ACCA qualification is accepted in more than 180 nations. It is among the best professional accounting degrees available worldwide. It is preferred by many students who wish to pursue prosperous careers overseas.
In this blog, we will be talking about ACCA in detail: what is the ACCA course? What are its eligibility criteria? Best ACCA jobs and much more. So, if you are an ACCA aspirant and looking for a one-stop solution for all the ACCA related information, then stay tuned.
What is the ACCA Course?
The Association of Chartered Certified Accountants, or ACCA for short, is a worldwide recognized course with 600,000 students and 200,000 members in 180+ countries.
Accounting used to involve working with mountains of paper a few years ago. Today, though, the situation is very different. Technology-driven approaches have replaced manual bookkeeping in the finance and accounting industry. You can learn all you need to know about these new technology-driven approaches with ACCA.
ACCA Scope in India: Career Opportunities and Growth
ACCA provides a golden chance to aspirants for career growth. The Big 4s or MNCs employ the majority of India’s ACCA-qualified professionals. Price Waterhouse Coopers, Ernst & Young, Deloitte, KPMG, TATA Communications, Embassy Group, Grant Thornton, and others are among the top employers in India for ACCAs. Members of the ACCA are increasingly being offered comparable job descriptions, titles, and compensation ranges.
India is now a major outsourcing hub for accounting and financial activities due to the large number of financial KPOs there. Professionals with ACCA qualifications are preferred by employers to do these tasks.
The ACCA salary for freshers in India ranges from INR 300,000 to INR 800,000.
ACCA Course Syllabus and Paper
Qualifying for the ACCA exam in India or worldwide seems like going through a demanding training program that shapes you into a financial expert. Every ACCA paper is designed to assess your understanding and practical application of your information.
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Exams in Applied Knowledge Level:
- Business and Technology (BT)
- Management Accounting (MA),
- Financial Accounting (FA)
These exams lay the foundation, testing your understanding of basic financial and business principles.
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Exams in Applied Skills Level:
- Corporate and Business Law (LW),
- Performance Management (PM),
- Taxation (TX),
- Financial Reporting (FR),
- Audit and Assurance (AA),
- Financial Management (FM)
These exams are more complex, requiring an in-depth understanding and the ability to analyze and interpret knowledge.
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Exams in Strategic Professional Level:
- Strategic Business Leader (SBL),
- Strategic Business Reporting (SBR)
and two of the four Optional papers –
- Advanced Financial Management (AFM),
- Advanced Performance Management (APM),
- Advanced Taxation (ATX),
- Advanced Audit and Assurance (AAA)
These are the most advanced exams, requiring strategic thinking and professional judgment.
To become an ACCA graduate, you must pass these papers. However, depending on your prior qualifications, you might be eligible for waivers. The number of exemptions you receive depending on your qualifications, the field, and the institutions you attend. Now you are clear on what the ACCA course is, the syllabus and its scope.
ACCA Course Eligibility
After deciding to enroll in the course, you need to understand what ACCA course eligibility is and if you meet the criteria, like:
- To be eligible for an ACCA course in India, you must have completed Class 12 with at least 50% of the possible points. A minimum of 65% in mathematics, English, and accounting is required.
- You must finish the Foundation in ACCA Diploma if you don’t meet the above requirements.
Structure of ACCA Courses Fees
The ACCA fee structure in India includes the cost of exams, registration, and exemptions:
Registration Fee for ACCA
- A one-time registration cost of about ₹8,400 is required.
Annual Subscription Fee for ACCA
- Maintaining registration and continuing to use ACCA benefits, tools, and services requires paying an annual subscription fee of around 11,400.
ACCA Exam Fees
- Applied Knowledge Level—Each exam costs approximately ₹ 9,200.
- Applied Skills Level—The exam costs approximately ₹ 13,700.
- Strategic Professional Level—Exam fees for this level range from approx. ₹ 17,400 to ₹ 24,200.
- Ethics and Professional Skills Module: ₹ 7600
Exemption Fees
- You might be able to apply for exemptions from some exams depending on previous qualifications, but there will be a charge.
- Exempt from each knowledge exam: around ₹ 8,500
- About ₹11,300 is exempt for each skill exam.
ACCA Exam in India: Quick Details
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Foundations Level |
Applied Knowledge Level |
Applied Skills Level |
Depending on Professional Level |
|
|
Exam Duration |
2 hours |
2 hours |
3 hours |
4 hours |
|
Passing Marks |
50% |
50% |
50% |
50% |
|
Total Marks |
100 |
100 |
100 |
100 |
Best ACCA Jobs in India
ACCA is renowned for its excellent career opportunities. Let’s explore a few of the positions you can pursue:
Account Manager
When it comes to the best ACCA career options, account manager is probably the first name that comes to the mind:
- They are responsible for finding, assessing, and quantifying the organization’s operational and business expenses.
- They provide vital information the company needs to make important decisions and stay on course.
Finances Accountant
Many ACCA aspirants aim to begin their careers as finance professionals.
- Their primary duty is to document and examine an organization’s financial activities.
- Creditors, investors, and other stakeholders may see these disclosures.
Credit Controller
Credit controller is another popular career option after the ACCA course in India.
- Credit controllers manage corporate debtors and ensure credit recovery.
- They examine the bank’s clients’ credit scores and assess and approve new credit applications.
Finance Manager
It is one of the best ACCA jobs in India that ensures you a thriving career.
- As an FM, you will be in charge of overseeing every facet of the finance division in your role as finance manager.
- You will be expected to create financial statements and company reports to perform management accounting and financial analysis.
- To locate investment opportunities, you might also need to evaluate market trends and look for ways to cut costs.
That’s it for now, we tried to touch on all the major information related to ACCA like what the ACCA course is, the ACCA full form, its syllabus, career scope and eligibility. Hopefully, you have found them helpful and insightful. Often visit our website for such informative content. To know more about the ACCA course, contact us now!
Frequently Asked Questions (FAQs)
Q: What does ACCA stand for? What is the ACCA course?
Ans: ACCA stands for Association of Chartered Certified Accountants. The ACCA course is a professional, recognized qualification offered by the ACCA.
Q: How many levels are there in the ACCA Course?
Ans: The Association of Chartered Certified Accountants (ACCA) course is divided into three levels: Strategic Professional, Applied Knowledge, and Applied Skills. Every level aims to advance your technical, moral, and professional abilities while building on the knowledge from the one before it.
Q: How long does it take to complete the ACCA course?
Ans: If you’re studying regularly, the ACCA course in India takes two to three years to finish on average. The length of time, however, may differ depending on your academic schedule, work obligations, and the quantity of exemptions you are granted.
Q: Can ACCA work in India?
Ans: Yes! ACCA members can work in India for accounting firms like KPMG, Deloitte, EY, PwC, etc. The fresher ACCA salary in India is around as high as 7-9 LPA.
