Imagine getting an offer letter to work for a big 4, or maybe even a chance to work for a Multinational company abroad. Wouldn’t that be amazing? No, you are not daydreaming. It is now possible to get a good job abroad with the help of the ACCA course. Let’s get started and understand the ACCA course full form, what is the ACCA course in India, the ACCA course syllabus, ACCA course structure , and ACCA course eligibility.
I’m sure many of us already know the full form of the ACCA course. But for those who don’t, ACCA course full form stands for Association of Chartered Certified Accountants, and it is the world’s most forward-thinking accountancy body. And that’s the main reason why ACCA is the number one choice for accountancy students worldwide.
Let us now understand what is ACCA course in India
- The ACCA course is a great way for professionals to build a successful career in the field of accounting and finance and is one such course that can be pursued after completing 10+2.
- What makes ACCA so attractive is the flexibility that it offers to its students. Flexibility in terms of scheduling examinations and completing the entire ACCA course. The ACCA examinations can be taken four times a year, which is normally scheduled in March, June, September and, December. However, the first level which is the knowledge level can be taken anytime during the year since it is demand-based.
- What makes ACCA different from a CA is that ACCA is a globally recognized course, whereas CA is only recognized in India. Moreover, ACCA as a course gives you the freedom to write papers in any order. One must however keep in mind that the Skills level can be attempted once the Knowledge level is cleared, and similarly, Professional-level papers can be attempted only after completing the Skills level. This option is not available while preparing for CA exams. You need to attempt for the entire group, and hence, the difficulty level is quite high in CA as compared to the ACCA course.
- The best part about the ACCA course is that a maximum of 8 papers can be taken in a year, which means to complete the 13 papers and one Ethics module would take around 2-3 years. Whereas, CA can take up to 5-7 years depending on the time and the efforts invested. As discussed earlier, it takes more time to complete CA because of the difficulty level and lower pass rates.
- Apart from the Diploma and Advanced Diploma certificate in Accounting and Business, one can get an opportunity to earn the BSC (Hons) degree in Applied Accounting which is awarded by the Oxford Brookes University. You can also earn the MSC degree in Professional Accountancy from the University of London.
Now that you know about the ACCA course in India, let us now have a look at the ACCA course syllabus:
The ACCA course has three different levels and the syllabus for the same is as follows:
The Knowledge level consists of three papers which are:
- Business and Technology
- Management Accounting
- Financial Accounting
The Skills level has a total of six papers, which are as follows:
- Corporate and Business Law
- Performance Management
- Financial Reporting
- Audit and Assurance
- Financial Management
The syllabus of the Professional level papers are as follows:
- Strategic Business Leader
- Strategic Business Reporting
These two are the mandatory papers that candidates must opt for.
These are the optional papers out of which two papers are mandatory:
- Advanced Performance Management
- Advanced Financial Management
- Advanced Taxation
- Advanced Audit and Assurance
These are the subjects that will be covered under the ACCA course syllabus. This can also be called the ACCA course structure. The ACCA course structure includes three levels which are the Knowledge level, Skills level, and Professional level.
Let us also now have a look at the ACCA course eligibility:
- If you have just completed your 10+2 then unfortunately you will not be eligible for any exemptions.
- If you have completed your B.com then you will be eligible for four papers exemption which are F1, F2, F3, and F4.
- If you have completed your B.com and IPCC both the groups then you will be eligible for six papers exemption which F1, F2, F3, F4, F6, and F8.
- If you have completed B.com and CA, then you will be eligible for maximum exemptions which are from F1-F9.
- If you have pursued any other course then you can check the exemption calculator or get in touch with our counselors who would be more than happy to guide you at every step.
With all the points covered above, if you complete the ACCA course, you have better and higher chances of getting a job abroad. This is because ACCA professionals work in over 180 countries and there are plenty of job opportunities available for ACCA professionals in India as well as abroad. The best part about the ACCA body is that they also provide multiple opportunities to their students through the ACCA portal.
- You can work anywhere in the world. After becoming an ACCA, you can join more than 219,000 members and 527,000 students in 179 countries.
- The ACCA body works closely with more than 7000 approved employers and 80 accountancy partnerships worldwide, and hence, can provide multiple job opportunities to the students in India and abroad.
- With a network of approved learning partners, all the students can find quality tuition as per their budget and lifestyle. However, we recommend taking support from those institutes which are focused on student success and that provide students with placement assistance. One such institute is EduPristine.
We hope now you are all ready and excited to start your journey with ACCA. We wish you the best going forward. Happy learning and all the best.