ACCA – The Association of Chartered Certified Accountants (ACCA) is a global professional accounting community with 219,000 members & 517,000 Aspirants in 179 countries. In 1974, it was granted a Royal Charter, which requires it to operate for the public good. ACCA has a global network of 110 offices & centres, 7,571 Certified Employers, & 328 approved training providers who provide high-quality learning and development opportunities. The ACCA has statutory audit recognition in the United Kingdom, Ireland, and Zimbabwe, as well as tax recognition in Australia and South Africa.
The length of your ACCA varies on your educational level a 12th graduate will study for 3 years, a commerce graduate will study for 2 to 2.5 years, IPCC (both groups) for 2 years, B.Com, & IPCC, as well as CA grads, would study for 1 year. All of India’s top ACCA colleges have the same ACCA eligibility requirements.
What is ACCA?
The Association of Certified Chartered Accountants (ACCA) is a global organisation that awards learners the title of “Certified Chartered Accountant.” ACCA is working just like a CA which maintains as well as certifies Audit reports (Balance sheets, Financial reports) of any company, Globally in more than 50+ countries. That exactly means who has ACCA have the power to certify the financial report of companies in more than 50+ countries.
ACCA – Important Links
Here is given ACCA important link for the convenience of aspirants.
| Title | Links |
|---|---|
| Official Website | Click Here |
| Registration | Click Here |
| FAQ | Click Here |
| Helpdesk | Click Here |
ACCE – Eligibility Criteria
The minimum eligibility for ACCA course is Aspirants have the right to register themselves after passing class 10 or equivalent qualification from any recognised board or university.
ACCA – Durations and Course structure
To become an ACCA member, Continue reading to find out what a candidate must do. Make an effort to clean the area. 13 exams (based on the candidate’s previous qualifications, ACCA may grant exemptions from some of the tests). Maintain a record of 36 months in a related position. The candidate can gain experience before, during, or after the qualification is completed. Complete the session on Ethics and Professional Skills. The 13 ACCA courses and tests are grouped into three levels: knowledge, skills, and professional.
Knowledge Level
Knowledge Level contain 4 papers whose name is given below and there is one benefit these exams are on-demand exam that means when the aspirants are prepared then they call to licensed exam centre and appeared in the exam. There are only MCQ questions will be asked and there is no negative marking at the knowledge level exam.
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (FA)
- Corporate and Business Law(LW)
When aspirants pass the Accountant in Business (AB), Management Accounting (MA), and Financial Accounting (FA) tests (at least one of which must be sat and passed), as well as Foundations in Professionalism, they are granted the ACCA Diploma in Accounting and Business (RQF Level 4).
Skill Level
After passing the knowledge level exam, Aspirants have to prepare for passed skill level exams. In skill level, There are 5 exams whose list is given below.
- Performance Management
- Taxation (TX)
- Financial Reporting (FR)
- Audit and Assurance (AA)
- Financial Management (FM)
When candidates successfully complete (either passed or exempt) the Applied Skills examinations, they are granted the Advanced Diploma in Accounting and Business. At least two of these exams had to be taken and passed.
Professional Level
Professional Level Exams have been conducted quarterly i.e. In March, June, September, and December. There are a total of 6 exams (but aspirants have to pass only 5 exams) in which 2 is essential and the rest have the choices.
Essentials
- Strategic Business Leader(SBL)
- Strategic Business Reporting(SBR)
Options (Any 2)
- Advanced Financial Management (AFM)
- Advanced Performance Management (APM)
- Advanced Taxation (ATX)
- Advanced Audit and Assurance (AAA)
When candidates have passed all of the ACCA Qualification’s Strategic Professional tests, they are awarded a Strategic Professional Certificate. Any two of the Strategic Professional Options examinations, as well as the two Strategic Professional Essentials tests.
The certificate will be provided after approx 2 or 3 years. After passing all 13 papers, Aspirants become ACCA affiliates. To become ACCA Member, They have to complete PER (Training) which is 3-year internship training. PER stands for Practical Experience Requirements.
ACCA – Exemptions and no. of Exams
In this course, There are some Exemptions according to the level of their qualifications and also reduce no. of exams which aspirants see in the given below table.
| Current Qualification | No. of Exams to be given | Exemptions |
|---|---|---|
| 12th Pass | 13* | None |
| Commerce Graduate | 09 | BT, MA, FA, LW |
| CA IPCC (Both groups) | 08# | BT, MA, FA, TX, AA |
| CA | 04# | BT-FM (9 subjects) |
*ACCA minimal entry requirements Aspirant must have completed 5 subjects, including English and Mathematics/Accounting, with a minimum of 65 per cent in two courses and more than 50 per cent in the rest. If you have better qualifications, you may be eligible for exemptions from some modules.
#Please note that if a CA Final Pursuing aspirant’s received 40+ marks in the specific subject in the CA Final Test, they may be eligible for additional exemptions. Conversely, an applicant who has not passed the CA IPCC Exams but has obtained more than 40 points in the relevant subject on a previous try at the CA IPCC Exam is eligible for additional exemptions.
ACCA – Admission/Selection Procedure
If the aspirants prepare for ACCA through college then there are merit-based & entrance-based entry options. Students are admitted to colleges like Apeejay Stya University based on their past exam scores. Colleges such as Christ University have their own admissions examinations. Written tests and PI are also used by some colleges to admit students.
ACCA – Fee structure
Here is given fee structure of the exam and college course fees (If the aspirants pursue ACCA courses from college)
Fee structure Exams
The fee will be in pounds which is not an Indian currency. The complete course will cover approx Rs. 04 Lakhs including Preparation tuition fee, Study materials, Exam fee etc. the ACCA fee structure is given below.
| Title | Fees (Approx) |
|---|---|
| Initial Registration | £ 79 (Rs. 7,000/-) |
| Annual Subscription Fee for students | £ 95 (Rs. 8,000/-) |
| Knowledge Level Exams | Rs. 20,000/- |
| Skill Level Exams | Rs. 50,000/- |
| Professional Level Exams | Rs. 50,000/- |
Fee structure of colleges
The average fee for the best ACCA colleges ranges between INR 28,000 and INR 2,60,000. Because the ACCA syllabus may be combined with either a B.Com or a BBA, these programmes are among the most preferred among commerce field candidates, despite the fact that there are many other options. some of the college’s fees are given below in the table.
| College Name | Annual Fee (per Annum) |
|---|---|
| Global Centre for Entrepreneurship & Commerce, Jaipur | Rs. 65,000/- |
| Sharda University, Noida | Rs. 1,64,000/- |
| Symbiosis College of Arts & Commerce, Pune | Rs. 28,000 – 68,000/- |
| Apeejay Stya University, Gurgaon | Rs. 2,60,000/- |
| Christ University, Bangalore | Rs. 2,20,000/- |
ACCA – Job Profiles
ACCA members work in private as well as government sectors and also work abroad. They have a lot of job profiles some are given below.
- Audit and assurance
- Business development
- business restructuring
- Commercial Finance
- Compliance and risk
- Consulting and advisory
- Corporate and business accounting
- Corporate finance
- Cyber security
- Education and training
- Finance and Administration
- Financial services
- Investor relations
- Leadership
- Project management
- Support services
- Tax
- Treasury etc.
ACCA – Scope & Salary
ACCA is a global course so the scope is also global. A fresher with an ACCA qualification can expect to earn between INR 3,50,000 to INR 4,00,00 and after taking the mandatory 3-year experience the average salary will be Rs. 06 Lakhs per annum in India & It will increase with experience as well as your qualification. For these candidates, there are a variety of additional study alternatives. They can continue their education at international colleges, such as the Chartered Financial Analyst (CFA) programme in the United States, the Chartered Institute of Management Accountants (CIMA) in the United Kingdom, and the Institute & Faculty of Actuaries (IFoA) in the United Kingdom. Here is given below average salary package of some colleges.
| College Name | Average Salary Package |
|---|---|
| Global Centre for Entrepreneurship & Commerce, Jaipur | Rs. 7,00,000/- |
| Sharda University, Noida | Rs. 11,00,000/- |
| Symbiosis College of Arts & Commerce, Pune | Rs. 4,00,000/- |
| Apeejay Stya University, Gurgaon | Rs. 4,68,000/- |
| Christ University, Bangalore | Rs. 6,85,000/- |
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Frequently Asked Questions
The ACCA Qualification is the world’s foremost accountancy qualification for aspiring financial professionals, equipping learners with the ability, knowledge, and principles they’ll need to succeed in their careers & lead the companies they work for into the future and the minimum eligibility for aspirants registration in ACCA is class 10th.
When you complete the first nine papers, the ACCA Qualifications is roughly equivalent to a bachelor’s degree (the Fundamentals level). It is equal to a postgraduate program when you complete the Professionals level.
With over 300,000 individuals and as members in 160 countries, the Organization of Chartered Certified Accountants (ACCA) is the biggest and speediest international accountancy association. Exams are administered on behalf of ACCA by the British Council.
A person with an ACCA qualification can earn up to INR 8 lac per year on average. The wage scale is usually between INR 4 lac p.a. and INR 5 lac p.a. To INR 15 lac per annum, It could even grow higher, based on the candidate’s skills, the company’s demands, the competition, and other factors.
How long will it take me to complete the ACCA qualification? Each year, we hold four exam sessions. Each session allows students to take a maximum of four exams, with a total of eight exams each calendar year. As a result, you may finish all of the tests in two years.