The ACCA Exam (Association of Chartered Certified Accountants) is a globally recognized professional accounting body that plays a pivotal role in the field of finance and accounting. Founded in 1904, ACCA is headquartered in London, United Kingdom, and boasts a presence in over 180 countries, with a vast network of members, students, and affiliates.ACCA offers a comprehensive and rigorous qualification program designed to equip individuals with the skills and knowledge required to excel in the accounting and finance profession. This qualification, often referred to as the ACCA qualification, is highly regarded and sought after by employers worldwide.
The ACCA qualification comprises a series of examinations and practical experience requirements that cover various aspects of accounting, finance, taxation, audit, and business management. It is a pathway to becoming a Chartered Certified Accountant, a prestigious designation recognized globally.ACCA members and affiliates adhere to strict ethical and professional standards, making them valuable assets in financial and business settings. They contribute to financial strategy, risk management, and decision-making processes in organizations, ensuring financial integrity and compliance with regulations.Furthermore, ACCA actively engages in research, advocacy, and thought leadership, influencing policy and supporting the development of international accounting standards. As a result, ACCA plays a pivotal role in shaping the future of the accounting profession and fostering global financial stability.
|Establishment||Founded in 1904, a globally recognized professional accounting body.|
|Global Reach||Presence in over 180 countries with a vast network of members and students.|
|Qualification||Rigorous ACCA qualification program covering accounting, finance, taxation, audit, and business management.|
|Chartered Certified Accountant||ACCA qualification leads to the prestigious designation of Chartered Certified Accountant.|
|Ethical Standards||Members adhere to strict ethical and professional standards, ensuring financial integrity.|
|Industry Impact||ACCA professionals contribute to financial strategy, risk management, and decision-making globally.|
|Thought Leadership||Active engagement in research, advocacy, and international accounting standards development.|
|Influence and Advocacy||ACCA influences policy and supports global financial stability.|
|Headquarters||London, United Kingdom, serves as the global headquarters of ACCA|
Who should pursue the ACCA program?
With its flexible learning and student-friendly examination systems, it gets you off the block. It also equips you for roles beyond accounting to build a long-term career.Since you get several exemptions, the ACCA program is a faster and cheaper way for you to prepare for multiple roles and to open doors of multinational companies.
Why should you pursue ACCA?
Becoming a member of the ACCA and a chartered accountant has tremendous benefits. ACCA certification is a gold standard in accountancy that rewards you with exciting global exposure and a great salary package.
Countries where ACCAs have signing authority
As a member of the ACCA, you have signing authority in most countries. You can sign audit reports and do self-practice in countries such as:
- The United Kingdom
- New Zealand
- The UAE
- South Africa
|Qualification||Exams to give||Exempt|
|12th standard completion||13||0|
|CA IPCC (Both groups)||8||5|
|ACCA Qualification Levels||Subjects|
|Applied Knowledge Level||– Business and Technology (BT) – Management Accounting (MA) – Financial Accounting (FA)|
|Diploma Award||ACCA Diploma in Accounting and Business (RQF Level 4) is awarded upon successful completion of BT, MA, and FA exams (at least one passed), plus Foundations in Professionalism.|
|Applied Skills Level||Subjects in this level include: – Corporate and Business Law (LW) – Performance Management – Taxation (TX) – Financial Reporting (FR) – Audit and Assurance (AA) – Financial Management (FM)|
|Diploma Award||Students receive the Advanced Diploma in Accounting and Business after successfully completing (passing or exempting) the Applied Skills exams. At least two papers must be passed.|
|Strategic Professional Level||Students prepare for 4 subjects out of 6, divided into essentials and options: – Essentials: – Strategic Business Leader (SBL) – Strategic Business Reporting (SBR) – Options (Choose 2): – Advanced Financial Management (AFM) – Advanced Performance Management (APM) – Advanced Taxation (ATX) – Advanced Audit and Assurance (AAA)|
|Foundations Level||– Exam Duration: 2 hours – Passing Marks: 50% – Total Marks: 100|
|Applied Knowledge Level||– Exam Duration: 2 hours – Passing Marks: 50% – Total Marks: 100|
|Applied Skills Level||– Exam Duration: 3 hours – Passing Marks: 50% – Total Marks: 100|
|Strategic Professional Level||– Exam Duration: 4 hours – Passing Marks: 50% – Total Marks: 100|
Scope Of ACCA in India
Most of the ACCA-qualified professionals in India are employed with the Big 4s or MNCs. Employers in India have now become aware of ACCA qualifications and are hiring them eagerly. The leading employers in India for ACCA are Price Waterhouse Coopers, Ernst and Young, Deloitte, KPMG, TATA Communications, Embassy Group, Grant Thornton, etc. CA and ACCA members are increasingly offered similar job profiles, designations and salary packages.
India has taken another step closer towards globalisation by introducing Ind-AS drafted and implementing principles identical to IFRS. ACCA covers IFRS broadly in its syllabus, giving ACCA members in India an edge.
In India, the salary offered to ACCA fresher students or members is between INR 3,00,000 to INR 8,00,000.
ACCA salaries: India and worldwide
Over the past few years, the scope of the ACCA qualification has increased tremendously. Candidates who complete ACCA and demonstrate the necessary skills are usually hired by companies such as:
- Grant Thornton
|country||Entry level||Mid-level||Senior level|
|India||INR 7.00 lac||INR 11.17 lac||INR 19 lac|
|UK||GBP 39,000||GBP 52,500||GBP 68,200|
|UAE||AED 60,000||AED 1,20,000||AED 2.40|
|china||HKD 17,400||HKD 22,800||HKD 31,900|
Between INR 3,00,000 to INR 8,00,000.
You can take upto a maximum of four papers per examination cycle. There are 2 examination cycles per year which are 1st February to 31st July and 1st August to 30th January. Papers/examinations must be taken in the following order of modules (Knowledge/Skills/Professional) order. Within each module, you can attempt papers in any order. However, ACCA recommends that papers within a module should be attempted in that order as the syllabus has been developed to teach the subjects in a definite order.
Students are allowed to take a maximum of 4 exams during each exam cycle across a maximum of 8 distinct exams over the course of a calendar year. These can be any combination of computer-based and paper-based exams
The students who have scored 65% in English & Maths and 50% in the remaining subjects in 10+2 are eligible for ACCA qualification.which is an entry level qualification towards ACCA. 12th pass students who have scored below 65% need to give only 3 exams in Foundation level: FBT, FMA, FFA.