6 Myths that Stop You from Pursuing the ACCA Course in India

Finally, you decided to pursue ACCA, a widely known professional degree, as your career! You did your research and discussed it with those pursuing it or who have already passed it. They have responded positively. This degree seems to meet your career aspirations with its great recognition, flexibility, engaging curriculum, and wide range of career options.

While you consider pursuing an ACCA course in India, you start hearing from many people and digital platforms about common myths and misconceptions regarding the ACCA qualification. You are not able to avoid it, and you are now confused about whether or not to pursue ACCA. It is a fact that negative reviews affect us more than positive reviews, by nature.

Are these myths also affecting you and discouraging you from achieving your ideal career option? Let’s check through the top myths related to the ACCA course in India.

Myth 1: The Indian market doesn’t have demand for ACCA qualification.

ACCA maintains strong connections with governments, opinion leaders, educational institutions, and small and major Indian business organizations. Therefore, the certification offers a specialized career platform with over 7,500 recognized firms to assist you in locating internships and positions. The BIG 4 (KPMG, E&Y, Deloitte, and PWC) and other MNCs in India are looking for ACCA-qualified professionals because of their practical and global skill sets. An ACCA affiliate can choose from varied opportunities in financial reporting, auditing, corporate finance, taxation, Treasury, banking, and other related fields. The best part about the ACCA course in India is that it does not limit its members to any specific industry.

Myth No. 2: ACCA is an expensive certification.

When you spend money on learning or earning certification, it is not an expense but an investment. Learning something new and mastering it will always pay off in the long run if you put in the necessary time and effort. For a better understanding of the situation, let’s check out the cost of the top financial courses in India:

• Accountancy (CA): 4–4.5 lakhs
• Master of Business Administration (MBA): 15-20 lakhs (based on the caliber and capacity of the B-school you select)
• Chartered Financial Analyst (CFA): 4 to 4.5 lakhs
• Association of Chartered Certified Accountants (ACCA): 4.5–5 lakhs

ACCA investment is comparable to other financial courses, with beginning pay packages ranging from 4.5 to 6 LPA.

It shows that there is a one-year payback period and endless career and advancement opportunities.

Myth No. 3: It’s difficult to clear ACCA Exam.

Pursuing an ACCA course in India allows you to become the most sought-after business management and finance professional in just three years, at the age of 20. This is what encourages thousands of commerce students in India to take ACCA with B.Com, BMS, or BAF following their 12th grade. Many students who qualify as CAs, CMAs, MBAs, or other certifications also pursue ACCA after graduation. They get numerous exemptions based on their most recent degree.

Over 50% of candidates qualify for the ACCA exam. This is because online exams are application-based, focusing on concepts and comprehension above memorization and presentation. Additionally, the tests’ four exam sessions per year and the option to select how many papers to appear based on preparation help candidates be completely focused on the paper they plan to write. 

Myth No. 4: ACCA is for only jobs, not businesses. 

The ACCA course structure prepares candidates to avail themselves of difficult opportunities by fostering sophisticated, versatile, and integrative thinking for dynamic business solutions. The ACCA syllabus covers topics like professional ethics, financial strategies, and strategic decision-making. It also includes papers on strategic business leaders (SBL) and strategic business reporting (SBR), etc. 

Besides offering knowledge in finance and accounting, these disciplines improve vital abilities in corporate management and strategy. Your ability to think creatively and imaginatively is supported by your ACCA certificate, thanks to its global curriculum and case study-based simulated test environment.

Myth No. 5: You need to go foreign for the ACCA Exam

It is quite a popular myth. You can take the ACCA exam in any Indian city. Some Indian cities have exam centers that are approved. ACCA now even allows you to take a remotely administered exam from the comfort of your home. Therefore, it is not necessary to fly overseas to sit for the ACCA exam.

Myth No. 6: There’s not much benefit to doing ACCA after CA.

If you are looking to reach senior positions worldwide, the ACCA provides you with a distinct advantage over other candidates upon completion of the CA. The goal of ACCA is to equip you with the pertinent analytical financial skills and creative thinking needed for leadership and strategic roles in varied international functions. It prepares you to meet the ever-evolving demands of the world’s top major companies.

So these are the top myths about the ACCA course in India. This blog has helped you know more about ACCA. Many people believe that there are no good ACCA institutes in India. It is not true. There are some of the most renowned institutions. Besides, you can think of pursuing an ACCA course online from a globally renowned ACCA institute like Mirchawala’s Hub of Accountancy and give your dream wings. 

Do not let these myths discourage you from pursuing your dream career. To learn more about the ACCA course, contact us