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FAQ's

What is ACCA?

The Association of Chartered Certified Accountants popularly known as ACCA is a globally recognized course with over 200,000 members and 600,000 students across 180+ countries.

Can I start ACCA After 12?

Yes, To be eligible to register for ACCA qualification, students should have qualified their 10+2 examinations with an aggregate of 65% in Mathematics / Accounts and English, and a minimum of 50% in other subjects.
Other students (not having 65% aggregate as above) are eligible to join ACCA through Foundation in Accountancy Route, which is an entry-level qualification for ACCA.

Does ACCA member have signing Authority ?

As an ACCA, you do not have signing authority in India and hence cannot sign audit reports and practice audits by setting up your own firm in India. However ACCA jobs are very much available in all MNCs and Big 4s where you can join as a qualified professional accountant.

How many Exams are there in ACCA?

There are 13 Exams which student needs to be pass for qualifying ACCA. However you may get some exams exempted basis your current qualification.

What are ACCA Exemptions?

If you already have some qualifications then you may not have to take all of the exams in the ACCA Qualification. These are called ACCA exemptions and mean that you will start your studies at the right level for your knowledge and skill.

What exemptions are there for class 12th students?

NONE. You have to attempt all 13 papers for ACCA.

What exemptions are there for B.Com students?

For students who have already qualified B.Com / M.Com, they have the exemptions of ACCA knowledge level i.e. F1 to F3 and ACCA Skill level i.e.F4 subject.

What exemptions are there for CA students?

An Indian Chartered Accountant can get up to 9 exemptions out of 13 papers of ACCA (from F1 to F9). You can directly start your qualification at the professional level and become an ACCA by only passing the 4 papers.

What is Fee Structure for ACCA?

Registration fee (one-time), Annual subscription fee and per exam fee has to be paid to ACCA.

What are ACCA Exemption Fees?

Exemption fees can go up to £1,000, depending on one’s academic qualification. However You can reach out to FinTram to get the reduced exemption fees under their scholarship program.

Fee Structure for ACCA Diploma in IFRS?

Initial registration £89 and Dip IFR (Global) exam fees £123.Please reach out to FinTram to get the scholarship program for ACCA Dip IFR Course.

What is the fee benefit which FinTram can provide?

FinTram Global being the Approved Learning Partner with ACCA provided various scholarships to students. Benefits include:-

Initial Registration of the ACCA will be waived off to all Fintram Students
Exemption fees can be reduced to 10GBP to 30 GBP per exam basis current qualification of the student.
These waivers/Exemptions may change time to time and are at sole discretion of FinTram Global & ACCA.
In addition to above various benefits are provided with FinTram Classes once registration is completed.

What all Exams are there in ACCA?

To be Qualified as ACCA one needs to clear 13 Exams divided into 3 levels-
Knowledge level
Business & Technology (BT)
Management Accounting (MA)
Financial Accounting (FA)

Skill Level
Corporate and Business Law (LW)
Performance Management (PM)
Taxation (TX)
Financial Reporting (FR)
Audit and Assurance (AA)
Financial Management (FM)

Professional Level
Strategic Business Leader (SBL)
Strategic Business Reporting (SBR)

Any Two out of the following:
Advanced Financial Management (AFM)
Advanced Performance Management (APM)
Advanced Taxation (ATX)
Advanced Audit and Assurance (AAA)

When are ACCA exams conducted?

ACCA Exams are very flexible. First 4 Exams – BT, MA ,FA ,LW are known as on demand exams. These exams can be attempted at any time of the year. Student can book them anytime and appear for the exam.
All other exams of skill and professional level are conducted by ACCA four times in a year: March, June, September and December. Student can plan for any exam (one by one) and appear basis his preparation.

What is the Passing Rate for ACCA Exams?

Globally the average passing rate for ACCA exams is approx. 40 %.

What is the Exam Format in ACCA ?

First Four Exams (BT, MA, FA & LW)
100% Objective ( MCQs)

For (PM, TX, AA, FR & FM)
60% Objective ( MCQs)
40% Subjective (Case Study based Questions)

For Professional Level
100% Subjective (Case Study based Questions)

What is the scope of ACCA in India and overseas?

The scope of ACCA in India & abroad is growing at an exponential rate. ACCA members are securing professional jobs all across the countries in various multinationals and banks. Like, EY, PwC, Deloitte, KPMG, Grant Thornton, BDO, Accenture, Credit Suisse, Barclay’s, Standard Chartered etc. are namely few. Job Profiles for ACCA members include Corporate Finance, Audit and Assurance, Risk Advisory, Internal Audit, Taxation, Investment Advisory, etc. These job offers are for the designation, profile and salary packages very much comparable to the Indian CA’s. Also, ACCA is globally recognized and there are a lot of ACCAs, who have secured jobs overseas in countries such as the UK, Dubai, Canada etc.

How much Salary I can get as in ACCA ?

Starting salary for an ACCA affiliate in India can be in the range of 4 Lakhs to 8 Lakhs per annum. Once you become an ACCA member the salary increases to over 10 Lakhs annually and can be more depending upon the experience and skill set of the candidate.

What is different between CA and ACCA?

ACCA CA
1.Recognition Global Recognition Recognized in India only
2.Levels 3 Levels-Knowledge, Skill & Professional 3 levels-CA Foundation, IPCC& CA Final
3.Time 2-3 years depending on  your entry point (current education) 4 to 8 years
4.Group System No Group System- Appear for individual exams as per your convenience. If a student fails an exam, they just need to appear for that particular exam Minimum 4 exams per group to appear for. If a student fails an exam, they need to appear for all exams in that group
5.Syllabus Follows IFRS (International Financial Reporting Standards)- applicable in India as well as overseas Follows Ind-As (Indian Accounting Standards)- applicable only in India
6.Work Experience Requirement 36 months of work experience in any field of Accounts and Finance-related roles to become an ACCA Member  (However you still become an ACCA Affiliate after completion of the course) 36 Months of Articleship experience in the field of accountancy
7.Signing Authority Signing authority in countries such as the UK, Dubai, Singapore, etc Signing authority in India only
8.Passing Rate  Passing rate of 40% Passing rate of 3-5%
9.Cost Rs 3.5-4 lac including training. Exam and registration fees Rs 3-3.5 lac including training. Exam and registration fees
10.Expected Salary 4-8 Lacs INR pa 4-8 Lacs INR pa

Are both CA and ACCA considered equivalent?

ACCA and CA certifications entail almost similar course curriculum and training and both are considered more or less equivalent in the term of knowledge and Salary: Rs 4 – Rs 8 Lacs INR pa for both.

Are subjects in CA are same as of ACCA?

With the exception of Taxation and Law, CA and ACCA subjects have overlapping concepts such as Accounting (IFRS & Ind -AS), Auditing, Financial Management. Costs Accounting. This is also one of the reasons that CA Students gets various exemptions in ACCA.

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