ACCA: Course Details, Eligibility, Admission, Fees

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ACCA full form stands for Association of Chartered Certified Accountants, which is a global organisation of successful financial and accounting professionals. ACCA course deals with fundamentals that will assist students in gaining competency in a number of business and accounting disciplines and aspects. Accountants, Internal Auditors, Forensic Accountants, Compliance Officers, and more employers are accessible following this training.

About ACCA Course

ACCA qualification is highly valued by employers because it reflects honesty, commercial acumen, and financial understanding, all of which are desirable qualities in any organisation. It is also recognised by the European Union and the United Nations, therefore you may use it to travel all around the globe with this ACCA global certificate.

ACCA has 13 courses in total, which are all divided into 3 levels: Knowledge, Skills and Professional. ACCA course duration usually lasts for 3 years, with a further 2 to 3 years of additional training. ACCA duration depends on your level of education. ACCA course actively seeks to enhance the value of accounting in society through international research.

Also Read: ACCA after CA

Eligibility Criteria for ACCA

ACCA eligibility criteria for candidates demands that they must have finished Senior Secondary Education with Mathematics or an undergraduate degree in Commerce or the applicants must have completed the 10+2 programme with a minimum of 65% in Accounts, Mathematics, and English for qualification through grade 12 examinations.

ACCA course duration is 3-7 years and the minimum age to apply for this course is 18 years. Students can appear for entrance exams such as AIMA UGAT, CUET, SET, etc.

Who Should Pursue an ACCA Course?

ACCA is a large professional organisation with members from over 170 countries. In the accounting profession, an ACCA qualification is highly regarded. It's an excellent choice for someone who enjoys accounting and wants to work in a worldwide setting. 

You do not need to be a CA to take this course, and it is best suited for someone who is good at maths and has an accounting background, as well as a bachelor's or master's degree in commerce.

When to do ACCA Course?

ACCA course applicants should apply as soon as they have passed their 10+2 test or graduated with a bachelor's degree in commerce. This course is also open to people with a few years of professional experience in the field of accounting.

How To Get Admission to ACCA?

ACCA admission process is mainly related to the student's ability to satisfy the eligibility criteria. Most Indian universities select students based on merit or admission tests that they or a government body administer.

How to Apply?

Admission to the ACCA course requires passing entrance tests. Applicants must fill out an online application and provide all required documents. Forms may be required to be filled out online or offline by visiting the proper institution, depending on the candidates' preferences.

Selection Process

Students get admitted to institutions based on the results of their entrance exams as well as their past academic performance. The chosen candidates are contacted for the next step after completing the admission tests. To compete with other applicants, once selected for the interview and evaluation process, one must showcase the expertise, experience, and skills that are essential in the field.

Popular Entrance Exams for ACCA

Candidates interested in pursuing an ACCA course can take national and state-level admission tests to apply to top colleges and universities. Admission will be granted based on a candidate's merit list position, which is decided by the candidate's entrance exam and graduation or post-graduation grades. The following are some of the most common entrance exams that students may encounter:

• AIMA UGAT
• CUET
• SET
• SUAT

A Quick Glance at the ACCA Entrance Exams

If you want to become an expert accountant, the ACCA is one of the best courses to take. Here are the most common patterns for admission tests.

• Research aptitude, logical reasoning, and computer skills are the topics on which maximum questions are asked.
• Depending on the type of admission test, the exam lasts two to three hours.
• There are two versions of the test: online and offline.
• Exam patterns differ based on the universities you apply to.
• The MCQ format is used for the bulk of exam questions.
• For incorrect responses, there will be a negative marking.

Top ACCA Colleges in India

India is home to some of the world's best ACCA institutes. Candidates have a number of alternatives when it comes to picking the best ACCA programme because India is recognised for having a huge population of persons trained in commerce and accounting. The following are some of the best universities that provide an ACCA course in India:

Below is the list of the 10 best colleges for ACCA in India:

Top ACCA Colleges in Delhi

Delhi is home to some of India's best ACCA institutions. The best institutions for an ACCA in Delhi are given in the table below:

Top ACCA Colleges in Pune

Pune, Maharashtra's educational hub, is home to some of the state's top ACCA colleges. The following is a list of the top ACCA colleges in Pune:

Top ACCA Colleges in Chennai

Chennai is home to some of India's greatest ACCA schools. The following is a list of the best colleges for an ACCA course in Chennai:

Top ACCA Colleges in Bangalore

Bangalore is home to some of Karnataka's greatest commerce institutions, several of which offer ACCA programmes. Following is a list of the best ACCA colleges in Bangalore:

Study ACCA Abroad

Students can study for an ACCA in another nation if they have the necessary financial means and guidance. An ACCA programme completed outside of India requires the same length of time as one completed in India, ranging from 3-7 years depending on the coursework, institution, and place. Some of the greatest ACCA colleges in the world, along with their fees, are listed below:

Top ACCA Colleges Abroad

The table below contains the list of some of the best colleges abroad for ACCA:

Fee Structure for ACCA

In India, ACCA course fees range from INR 25,000 to 2 LPA at various colleges. The fee structure is influenced by a variety of underlying elements. The ACCA fee structure is decided by the college's facilities, institutional services provided, teachers, placement options, and other contributing factors. The plan at numerous colleges for ACCA fees in India is as follows:

Syllabus and Subjects for ACCA

Here you'll find information about the most popular ACCA course details. Commerce fundamentals are taught at every college and university and the students are evaluated through the ACCA exams. Some of the subjects that students have to study include:

• Corporate and Business Law 
• Taxation
• Financial Reporting
• Performance Management 
• Financial Management
• Audit and Assurance 

Read More: ACCA Syllabus and Subjects

Why Choose ACCA Course?

Students should check the course details before enrolling in the ACCA course to ensure that they comprehend the curriculum. "What is an ACCA?" "How many papers are there in ACCA course?" and "Why ACCA course?" are questions that students regularly ask. To help you understand the course, we can break down the answers to these questions into smaller parts:

What is ACCA All About?

ACCA course full form is "Association of Chartered Certified Accountants". The major goal of the ACCA course is to give students a thorough understanding of advanced accounting and commerce topics. As part of this curriculum, the student will acquire a variety of advanced approaches and concepts from both a national and international perspective.

After completing this course, students will be able to better handle clients/patients and challenges in this sector, allowing them to advance to higher positions in various businesses.

What Does an ACCA Graduate Do?

Students who finish the ACCA course have access to a network of other accountants who may offer advice and support throughout their studies and careers, as well as forums and resources to help them progress. An ACCA certificate is a great asset to have on a CV, and it may lead to a successful job in accountancy. A common job role available after finishing the qualification is of an Accounting Manager.

Accounting Manager: The accounting Manager creates and executes processes for acquiring, analysing, validating, and reporting financial data. They are solely responsible for all matters relating to accounting and associated operations in the organisation for which they work.

Reasons Why ACCA Can Fetch You a Rewarding Career?

The ACCA curriculum offers a lively and active learning environment. Because of the comprehensive curriculum, an ACCA is a degree that is seldom pursued. It is a professional programme with a few graduates who have worked in this field. As a result, students who can apply their knowledge and expertise to this field will have a variety of work opportunities.

Diversity in Job roles: Graduates of this programme can choose from a variety of jobs. In their careers, they can take on a variety of duties, allowing them to become specialists in their chosen subject.

Read More: ACCA Jobs and Scope

ACCA Course Comparison

ACCA course gives students in-depth information and insight in the commerce domain, allowing them to build experience in it. The following is a comparison of ACCA to other courses:

ACCA vs CFA

The table below showcases the differences between ACCA and CFA:

Preparation Tips for ACCA Course

Students must be fully prepared to satisfy all of the prerequisites before enrolling in an ACCA course. They must ensure that they are well-versed in the course's core ideas and subjects, as the course is hard and time-consuming. The following are some ACCA preparation tips:

Professional Advice: Throughout the course, keep in touch with the numerous specialists in the field. Because of the nature of the course, having expert assistance on a regular basis is essential if you want to make the greatest progress.

Mental Preparation: Being Mentally ready for such a thorough course is as important as actual preparation for the course

Regular Practice: Students will have a complete understanding of the course material by practising the major themes and key areas on a regular basis.

Scope For Higher Education

After finishing their education, ACCA course students have a range of choices. Graduate students with an ACCA have a choice of opportunities for continuing education that might help them better comprehend the business world. Students that are passionate about working full-time in research can do so provided they are self-motivated. Students can enrol in a variety of courses, including:

• CFA
• MBA
• LLB

Salary of an ACCA Graduate

After graduation, qualified ACCA students can pursue a variety of occupations. With the rapid privatisation, a growing number of businesses require trained accountants to manage their finances.

ACCA course graduates are considered professionals in the field of commerce. They make between INR 3.5 and 7 LPA on average. (Source: Glassdoor)

Read More: ACCA Salary

Career Options After ACCA Course

In comparison to the demand and prospects in the field, ACCA specialists are in short supply. As a result, ACCA graduates have a wide range of career options. Some of the employment options available to graduates of this degree include:

• Accounts Manager
• Chief Financial Officer
• Accounts Executive
• Audit Partner

Skills That Make You The Best ACCA Graduate

Applied skills are necessary for success in the accounting and finance fields. Students should try to broaden their horizons and gain as much experience as they can. Some of these skills are as follows:

• Analytical Skills
• Decision Making Skills
• Pressure Handling Skills
• Multi-tasking Skills