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ACCA BRIEF

What is ACCA

What is ACCA

The Association of Chartered Certified Accountants (ACCA) Institute, formed in 1904 is the global professional accounting body offering the “Chartered Certified Accountant” qualification. The ACCA Qualification is the world leading accountancy qualification for aspiring financial professionals - providing students with the skills, knowledge and values to have successful careers and lead the organizations they work with into the future. As a globally recognized course and updated/Industry relevant content, ACCA qualification is a great way to build a career in Accounts and finance. Students can pursue this along with their graduation. Its flexible examination scheme makes this qualification more attractive. ACCA is a globally-recognized accounting qualification that provides a strong foundation to students and professionals for careers in Accounting, Tax Consulting, Auditing, Business Valuation, Treasury Management, etc.

ACCA Course Duration

It takes 2 years to complete all the exams of the ACCA course and 3 years of work experience. If the candidate has prior work experience, he can complete the ACCA course in 2 years.

To Appear

Eligibility: ACCA

For entry to ACCA's qualification, you should have completed 18 years of age and qualified the 10+2 exams with an aggregate of 65% in Mathematics/Accounts and English and a minimum of 50% in other subjects. The ACCA professional examinations are offered worldwide twice yearly, in June and December.

ACCA Eligibility

ACCA Subjects

The topics covered in ACCA course are Business Accounting, Management Accounting, Financial Accounting and Management, Corporate and Business Law, Performance Management and Analysis, Taxation, Financial Reporting, Audit and Assurance on an advanced level. Students’ progress through three elements of the ACCA Qualification on their journey to ACCA membership, these are:

  • ACCA exams
  • An Ethics and Professional Skills module
  • A Practical Experience Requirement
Exam Detail

ACCA Exam

Applied Knowledge:

Applied Skills:

Strategic Professional:

Rules and Regulations

ACCA Examination Regulations

ACCA Regulatory Board

Maximum of four exams to be taken in one sitting. The two Essentials and two Optional exams do not have to be sat together. Exams within a module may be sat in any order. Exams from a variety of levels may be sat at any one time i.e. Applied Knowledge and Applied Skills or Applied Skills and Strategic Professional Essentials.

The two Essentials ACCA exams do not have to be sat together. Under the new rules a seven-year time limit will be introduced at the Strategic Professional level. Therefore, there are no time limits for passing the Foundation level exams as part of Foundations in Accountancy or for taking exams BT-FM at the Applied Knowledge and Applied Skills of the ACCA Qualification. From early 2016 students will have 7 years to pass the exams at Strategic Professional level (SBR, SBL and two of the options paper AFM-AAA). The 7 year time limit starts when a student passes their first Strategic Professional level exam. The pass mark for all examinations is 50%. In addition to the above 13 exams, students are required to study and sit an on-line module in Professional ethics. It is recommended that this is studied at the same time as SBL.

ACCA-Eligibility, Duration and Exemptions

ACCA Exam Pattern

When are the ACCA exams held?

ACCA has a flexible study approach. ACCA has two types of computer-based exams. On-demand CBEs: BT, MA, FA and LW: These exams can be taken at any time of the year. Session CBEs: PM-FM : These exams are held in four exam sessions: March, June, September and December. Strategic professional CBE exams: Essentials and 2 options: These exams are held in four exam sessions: March, June, September and December.

Fees paid to the ACCA body

Exam Fees
£108 - £140

+

Registration Fees
£30

+

Subscription Fees
£111

Difference between CA and ACCA

Parameters CA ACCA
Signing Authority in India Yes No
Signing Authority Overseas No Yes
Recognition in India & Overseas India India & Overseas
Time Taken for Full Course 5 years 2.5 years
Exam Pattern Group system One paper at a time
Frequency of Attempts 6 monthly 3 monthly
Salary Packages ₹5 – 8 lacs p.a. ₹5 – 8 lacs p.a.
Companies Hiring All companies Big 4, MNCs
Countries Recognised India 180+ countries
ACCA JOBS

ACCA Job Opportunities and Salary in India

Over the past few years, ACCA India job opportunities have increased exponentially. With the growth of more and more MNCs and Big 4 companies, there has been a steer rise in jobs for ACCA professionals. Likewise, as a greater number of students are becoming aware of ACCA and its benefits, the demand for the certification exam has increased in the industry. With such an influx, it is being predicted that 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.