ACCA vs CA, the two most searched courses among the commerce stream students. But, which to get enrolled in? ACCA vs CA which is a better and which is a tougher career option in India? What is the difference between ACCA and CA? Which course has the Global Standards? Which is flexible enough? Or what is their duration?
If you are in similar dilemma of which will be the best career option? Then, let us proceed with this article.
Firstly, we will understand what these two courses are about:
Association of Chartered Certified Accountants (ACCA), a global body of professional certified accountants spread over 176 countries. This is one of the world’s largest accounting associations which have been established in 1904 in London, UK.
ACCA has thriving global community of 227,000 members and 544,000 future members. It describes to uphold the highest professional and ethical values of the Accounting and Finance profession and based on UK GAAP, their Laws, and IFRS and this is definitely an advantage of doing ACCA.
After pursuing ACCA, one can start her career either with MNCs or any Indian firm working for international clients. Some countries which majorly accept the ACCA qualification are Australia, Ireland, the UK, Canada, and many others.
Chartered Accountancy (CA), the only authorized professionals who can audit the Financial Statements of an organization in India.
They expertise in multiple disciplines like accounting, auditing to finance, taxation, corporate laws, etc. The career options after becoming a Chartered Accountant are various. They can join as Internal auditors in an Audit firm, or Local or Multinational Company, or can join some foreign or local banks to mentor them in their financial and legal matters or start their own practice.
But CA has been regarded as one of the toughest course in India. One can pursue a CA course any time after qualifying 12th. There is no age limit to become a Chartered Account neither ICAI restricts students with any number of attempts to give this exam.
Even after being an Indian recognized course, the fair part of Chartered Accountancy is no reservation system neither during the study period nor at the time of placement.
Presently, 2.9 Lakh members are working as a Chartered Accountant in our country.
Difference between ACCA and CA
|Acceptance||Globally accepted||Accepted only in India|
|Professional Body||Association of chartered Certified accountants (UK)||Institute of chartered accountants Of India (icai)|
|Re-attempt||Only the paper not clearedNeeds to be re-attempted||Inability to clear one paperRequires a candidate to re-write theEntire group exam|
|Duration||2-3 years||3-4 years|
|Exemptions||Maximum of 9 papers||No exemption|
|Salary||Fresher : 3-5 lac p.a.||Fresher : 4-6 lac p.a.|
|QUALIFICATION||B.COM||CA+INTER GRADUATE||CA FINAL||COMPANY SECRATARY|
|EXEMPT PAPER||KNOWLEDGE + CORPORATE AND BUSINESS LAW (FROM SKILL LEVEL)||KNOWLEDGE + CORPORATE AND BUSINESS LAW, TAX AND AUDIT ASSURANCE (FROM SKILL LEVEL)||KNOWLEDGE + SKILL LEVEL||CORPORATE AND BUSINESS LAW(FROM SKILL LEVEL)|
CLASS X: NO EXEMPTION; HAVE TO ATTEMPT 17 PAPERS.
CLASS XII: NO EXEMPTION; HAVE TO ATTEMPT 13 PAPERS.
A CA WITH ARTICLESHIP COMPLETED CAN CLAIM FOR EXEMPTION FROM PRACTICAL EXPERIENCE REQUIREMENT (PER).
Starting salary for an ACCA affiliate in India ranges from 3 Lakhs to 4.5 Lakhs per annum – for fresher without work experience. And after becoming an ACCA member the salary increases over 7 Lakhs annually. The ACCA salary has become on par with Indian CA’s salary in several roles because of the similarity of skill sets in both qualifications.
STUDY ACCA ONLINE
ACCA with a network of approved learning partners provides you with ease of learning at every step of your journey. Either you study full-time or part-time, in a classroom environment or online, you’ll be able to find quality ACCA online tuition that is as per your comfort. And for some exams you can even use the official learning platform, ACCA-X.
WHY YOU MUST CHOOSE OUR ACCA ONLINE COURSE?
FinTram is one of the leading training providers for ACCA course to students and professionals, who want to build a career in finance. Our results and accreditations is testimony to our best quality:
- ACCA Approved Learning Provider
- Approved Facilitation Center for various Digital Literacy Courses under NIELIT – Ministry of Electronics and Information Technology – Government of India
- Experienced Faculty of those which already had a Corporate Experience
- Advanced Learning Technology
- Comprehensive Study Materials and Video Lectures
- Video Question Marathon feature https://youtu.be/qGgLG–tIBs
- Trusted Learning Partner for any and every Student Across the Globe
- Provides Assistance for placement to all our Qualified Students