What is ACCA?
ACCA stands for Association of Chartered Certified Accountants, which was originated from London and mainly focuses on Accounting and Finance. This course has been recognized in 180 countries throughout the world but mainly in the UK and European countries which means that you can join a Chartered Firm or successfully built your career as a finance professional after completing ACCA in such 180 countries. Although, if you are dreaming to do the audit and attestation work in India, CA is the only option.
ACCA is set to promote the excellence in Accounting and Finance globally and hence covers knowledge of UK GAAP, Laws and IFRS which opens the doors of many International and National companies handling the overseas clients.
ACCA course has been organized by ACCA (Association of Chartered Certified Accountants) UK professional body and it is also considered easier than Chartered Accountancy.
One of the most impressive things of ACCA course is that it recognizes the other qualifications you attained. It recognizes your graduation, post-graduation CA Inter and CA Final Qualification also. Out of the total of 14 papers in the ACCA course, a graduate or a CA Inter pass out has to appear in only 9 papers while after becoming CA you have to attempt just 5 papers.
ACCA: association of chartered certified accountant is a professional degree course.
This exam is one of the most highly reputed exams in India. Over the past few years, ACCA India has managed to garner much recognition across the country. As the ACCA certification is new here in India, students are finding it difficult to decide whether it is a good career option or not.
ACCA certification in India:
The ACCA qualification is equivalent to CA (ICAI) certification in India. However, the CA qualification is a bit too difficult to get through. However, the CA qualification is a must if you wish to work in one of the Indian firms, start your own business, or become a partner in a CA firm. That’s so because an Indian CA would have thorough knowledge about the taxes, laws, Indian economy, policies, etc.
Similarly, if you aspire to work abroad, then ACCA becomes a compulsory qualification. ACCA job opportunities are available across Australia, UK, Singapore, Dubai, etc. Besides, students who would like to have experience and comprehensive knowledge within the finance domain, ACCA works big time.
The ACCA career opportunities:
There are multiple ACCA career opportunities available worldwide. Apart from an accountant, an ACCA professional can work as a management consultant, financial planner, and so on.
It is not possible for an ACCA to pursue auditing in India. That’s because an ACCA India has no authority for signing and hence he cannot mark his signature on audit reports. Similarly, he cannot set up his own auditing firm as well. However, ACCA India professional can carry out auditing job in the UK.
Acca India job opportunities:
It is predicted that in India could easily become one of the biggest global markets for ACCA. As such, the Indian economy is on the path of growth and globalization. Due to which, even MNCs and larger international companies are turning towards India to seek professional accountants and ace finance experts.
ACCA salary in India is considerably equivalent to that of a CA professional. An individual with ACCA qualification can earn an average salary of up to INR 8 lac p.a. The pay scale generally ranges between INR 4 lac p.a. To INR 15 lac p.a. It could go higher too, depending upon candidate’s skills, company’s demands, competition, etc.
Which companies are hiring ACCA in India?
ACCA qualified individuals get easily placed at Big 4 companies like EY, PwC, Deloitte, and KPMG. MNCs including Tata Grant Thornton, Embassy Group, and PepsiCo as well recruit ACCA India professionals. Apart from that, Accenture, HSBC, and Shalimar Paints also do look for accountants having ACCA certification.
ACCA India – Scope and opportunities
ACCA exam is a globally recognized exam. In recent years its recognition has increased exponentially among Indian students. Since the certification of ACCA in India is new, students have a dilemma whether to opt for it or not.
However, if one has an aspiration to work in other countries also, apart from India, where ACCA is coveted then he must opt for ACCA. These countries include UK, Dubai, Singapore, etc. If the student is looking to gain experience and knowledge in the finance field, this qualification shall help.
ACCA can work as an accountant, financial consultant, management consultant, financial planner, etc. However, an ACCA cannot practice auditing in India. The ACCAs working in audit firms in India (including the Big 4) can work as part of the audit team. However, the partner signing the audit report must be a member of the ICAI.
Some basics things about acca :acca courses mainly focuses on accounting and finance ,acca not easy but not hard as ca ,acca has a global coverage therefore it is based on uk tax laws,
|Multinational companies who are handling the work of overseas clients or companies outside India prefer ACCA.|
After reading this above article, you must be sure about how to start your career in association of chartered certified accountants (acca).