Association of Chartered Certified Accountants (ACCA)
ACCA (Association of Chartered Certified Accountants), also known as Global CA is the world’s fastest growing accounting professional body.
It is the world’s most forward thinking professional accounting body with more than 2,20,000 members and 5,20,000 students, ACCA has established its presence in over 180 countries across the world (such as UK, Singapore, Dubai, Australia, Canada, etc.).
In India, ACCA members have great scope in various MNCs including consulting firms like PwC, EY, KPMG, Deloitte, Grant Thornton, BDO, Accenture, Credit Suisse, JP Morgan, etc.
Who can do ACCA – One of the best part about ACCA is that anyone can pursue it.
Advantages Of Doing ACCA
ACCA is the world’s most forward looking professional accountancy body. It is also very progressive and supportive to students driving their career towards world of global opportunities.
The scope of ACCA in India is increasing multifold. Various multinational organizations are looking to hire ACCA professionals. Course curriculum covers IFRS standards and hence high in demand among various multinationals.
Some key benefits are:-
Respected by Employers
Scope Of ACCA
The scope for ACCA in India is growing at an exponential rate. ACCA members are securing professional jobs all across the countries in various multinationals including banks. EY, PwC, Deloitte, KPMG, Grant Thornton, BDO, Accenture, Credit Suisse, McKinsey, Tata, Barclay’s, Standard Chartered etc. are namely few.
Profiles for ACCA members in India include Corporate Finance, Audit and Assurance, Risk Advisory, Internal Audit, Taxation, Investment Advisory, etc
These job offers are for the same designation, profile, as well as salary packages as the Indian CAs.
Further, there have been ACCAs who have secured jobs overseas in countries such as UK, Malaysia, Australia, Singapore, Canada, Dubai, etc.
Before joining or after completing the ACCA course the biggest question in a person’s mind is how much is the ACCA salary in India?
The number of qualified CAs passing each year in India is very low because of which the demand for ACCAs is increasing.
Starting salary for an ACCA affiliate in India can be in the range of 3 Lakhs to 4.5 Lakhs per annum even though work experience is nil. Once you become an ACCA member the salary increases over 7 Lakhs annually. The ACCA salary in India has become on par with CA’s salary in several roles because of the similarity of skill sets in both qualifications.
ACCA Course Structure
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- F1 – Accountant in Business (AB)
- F2 – Management Accounting (MA)
- F3 – Financial Accounting (FA)
- F4 – Corporate and Business Law (LW)
- F5 – Performance Management (PM)
- F6 – Taxation (TX)
- F7 – Financial Reporting (FR)
- F8 – Audit and Assurance (AA)
- F9 – Financial Management (FM)
- P1 – Strategic Business Leader (SBL)
- P2 – Strategic Business Reporting (SBR)
Any Two out of the following:
- P4 – Advanced Financial Management (AFM)
- P5 – Advanced Performance Management (APM)
- P6 – Advanced Taxation (ATX)
- P7 – Advanced Audit and Assurance (AAA)