What is ACCA Course?

The demand for ACCA course in India has grown ever since the need for accounting and finance jobs has been on the rise. The ACCA course, also known as the Association of Chartered Certified Accountants, is a globally recognized program. This course will help you upraise yourself in the field of accounting and finance. The ACCA course provides preference to candidates in 59 countries, thus providing better career opportunities globally. The ACCA course in Mumbai has gained a lot of popularity, and a lot of students have been inclined towards pursuing a career in ACCA. The ACCA course in Chennai has also made a mark and appealed as a secure career choice to many. The ACCA profession is upscaling and is one of the top credentials in demand for high-end professions. Candidates with an ACCA course certification are given more credibility when applying for a job.

ACCA Course Details

  • The ACCA course has 3 levels and to obtain the ACCA certificate you need to clear all the levels and meet the eligibility criteria.
  • Below are the ACCA course details:
    • ACCA Course Duration
    • ACCA Course Eligibility
    • ACCA Course Syllabus

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ACCA Course Duration:

  • The ACCA course duration is a minimum of 2-3 years. A candidate has 7 years to clear all the 3 levels and obtain the required work experience. 
  • If a candidate doesn’t pass and reach the affiliate status within seven years the candidate will lose the Strategic Professional pass that is achieved after seven years. 
  • These will need to be re-taken in order to complete the qualification. 
  • Candidates can appear for the exams twice a year and sit for a maximum of four exams per attempt and a maximum of eight exams per year.

ACCA Course Eligibility

  • The eligibility criteria for ACCA are very clear. The minimum qualification that is required to apply for the course is 10+2, I.e., 12th. To be eligible, the candidate should have completed 12th and have passed five subjects, including English and Mathematics/ Accounts, with 65% marks in at least two subjects and over 50% marks in others. 
  • If a candidate is pursuing the ACCA course after the 12th, they have to pursue the foundation course to be eligible for applying for level I. 
  • Candidates pursuing graduation in Commerce, i.e., B. Com, BBA, BMS, etc, and BA/B.Sc. graduates from a recognized university (no marks restrictions) through the foundation in Accountancy course can also pursue the ACCA course. 
  • Candidates preparing for CPT, IPCC can also opt for the course as it provides advanced training, which will help them in shaping their accounting skills. 
  • Chartered Accountants can pursue the ACCA course as it will add more credibility and allow them to practice internationally. 
  • A candidate must have relevant work experience of 36 months to obtain the ACCA course Certificate.

Exemptions of the ACCA Exams

ACCA Course Syllabus

  • The ACCA course syllabus is divided into three levels, Knowledge level, Skills level, and Strategic Professional level.
    • Knowledge Level
      • The Knowledge Level is the first level of ACCA. It’s the easiest one to clear. It covers three important topics on which the papers are based. The three topics are-
        • Accountant in Business (AB)
        • Management Accounting (MA)
        • Financial Accounting (FA)
    • Skills Level
      • The Skills Level includes six topics that cover the main aspects of the ACCA course.
        • Corporate and Business Law (LW)
        • Performance Management (PM)
        • Taxation (TX)
        • Financial Reporting (FR)
        • Audit and Assurance (AA)
        • Financial Management (FM)
    • Strategic Professional Level
      • This is the last and final level of ACCA. After the completion of this level, the ACCA certification is provided. This level has two compulsory subjects which are
        • SBL – Strategic Business Leader
        • SBR – Strategic Business Reporting
    • In the last level, the candidates have the option to select two topics out of the topics mentioned below.
      • Advanced Financial Management (AFM)
      • Advanced Performance Management (APM)
      • Advanced Taxation (ATX)
      • Advanced Audit and Assurance (AAA)
  • So in conclusion, there are 4 topics that need to be covered.

Boost Your Accounting Career With ACCA

There are a few exemptions that are given to candidates based on their qualifications.

  • The B. Com & M. Com students are exempted from all the three topics from the Knowledge Level and Corporate and Business Law (LW) from the Skills Level.
  • Candidates who have done MBA in Finance are exempted from the Knowledge Level.
  • Those who have cleared both the groups of CA IPCC are exempted from the Knowledge Level. Taxation (TX) and Audit and Assurance (AA) from the Skills Level are also exempted.
  • Candidates who have cleared CA/ICWA can directly go to the Strategic Professional Level. They are exempt from Knowledge and Skills Level.
  • The candidates who have cleared US CPA are exempt from the Knowledge Level. Corporate and Business Law (LW), Performance Management (PM), Taxation (TX), Audit and Assurance (AA), Financial Management (FM) are the other topics that are exempted from the Skills Level.

Your future is open to different opportunities with a career in ACCA that will open a lot of international doors for you. A Diploma in Accounting and Business is awarded on completion of the Knowledge level and an Advanced Diploma in Accounting and Business Certificate after the completion of Skills level. After the completion of the final level, i.e., Professional Level the candidates earn the ACCA designation and membership. EduPristine is known for its highly credible ACCA course. Every module is covered in detail, and extensive knowledge is provided to the candidates, which prepares them for real-life challenges. If you wish to know more about accounting jobs, ACCA course in India, eligibility, or all jobs that are available for candidates after the successful completion of the ACCA course, you can get in touch with EduPristine. EduPristine provides after-course placement assistance and career services that aid your career growth.