Ever wondered about pursuing ACCA after CA? Get a detailed insights on ACCA course, its requirements, fees structure and its scope in helping to shape up a better career.
Many students who have opted for commerce and accounting often wonder what to choose when it comes to career development courses. Plenty of students opt for CA, but the majority of the students don’t know how to enhance their careers after CA. To their surprise, plenty of courses are available after CA.
ACCA offers more value to the CA degree and helps in boosting the job scopes and opportunities for CA graduates. ACCA or the Association of Certified Chartered Accountants is a short term certification course that’s offered in the field of finance and accounting.
Let us look at what ACCA is and why it is beneficial for graduates to pursue after CA.
ACCA after CA - What is it about?
The Association of Chartered Certified Accountants (ACCA) Institute, was established in 1904. It is the world that acknowledged the professional accounting body extending the “Chartered Certified Accountant” qualification. ACCA is a fast-paced leading international accountancy profession with 2,00,000 members and 4,86,000 learners in 180 nations. As a globally acknowledged education and modernized/Industry related content, ACCA qualification is an excellent method to make a career in Accounts and Finance. Learners can continue this simultaneously with their graduation. Its adaptable examination mode makes this qualification more charming.
Students seeking ACCA can:
- Receive a diploma/advanced diploma in Accounting & Business and proceed on to get an ACCA Member rank.
- Gain a B.S. (Hons) degree in Applied Accounting granted through Oxford Brookes University.
- Obtain an M.Sc in Professional Accountancy conferred by the University of London.
Why ACCA after CA?
All across the globe, employers seek out ACCA members to manage their enterprise to sustain progress. That’s because they understand that ACCA members are strategic masterminds with the great ethical mundane, strong economic know-how, and the appropriate business intelligence. To fit as an ACCA member, one should have an inspiring journey onward: The ACCA Qualification.
This course will take an individual over a compound of exams, ethics, and practice. This means they will access the workplace equipped to create a difference in today’s quick-paced business environment.
- Become a member of the world’s most progressive-thinking accountancy group
- Open access to opportunities all over the globe
- Make the world a more solid place
- Get assistance during their journey
- Refine individual skills
ACCA after CA Course Details
To be an ACCA member, a candidate will be expected to perform the following which is said to be like Attempt and clear 13 exams (ACCA does give exceptions in some exams depending upon the applicant’s past qualification). One will have to record 36 months’ expertise in a related position. The candidate can get the experience before/while/after the conclusion of the qualification. lastly to complete the Ethics and Professional Skills module.
Here are some Course details listed below:
ACCA Courses
Below is the list of ACCA Courses:
| Skills | Courses |
| Knowledge Level |
|
| Skill Level |
|
| Professional Level | Essentials
|
| Ethics and Professional Skills | Students must complete the Ethics and Professional Skills module which develops a complete range of skills that is demanded by employers. |
| Professional Experience | To qualify as an ACCA member, students must complete 36 months’ relevant work experience and achieve 9 performance objectives. |
ACCA Eligibility, Duration And Exemptions
Below is the list of ACCA eligibility, durations, and exemptions
| Current Qualification | No. of Exams | Duration | Exemptions |
| 12th Pass | 13 | 3 Years | None |
| Commerce Graduate | 9 | 2 to 2.5 years | F1, F2, F3, F4 |
| IPCC (Both groups) | 8 | 2 years | F1, F2, F3, F6, F8 |
| B.Com. + IPCC | 7 | 1 Year | F1, F2, F3, F4, F6, F8 |
| C.A. | 4 | 1 Year | F1 to F9 |
ACCA Exam Pattern
Below is the list of ACCA exam patterns below:
| ACCA Foundation Level Exams |
|
| ACCA Applied Knowledge Exams |
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| ACCA Applied Skills Exams |
|
ACCA Course Fee Structure
Below is the list of ACCA course fee structures:
| ACCA Exam FEES(per exam) | September 2023 | December 2023 | ||||
| Deadline | Early | Standard | Late | Early | Standard | Late |
| Fee Structure | $106(11 May 2023) | $111(27 July 2023) | $285(3 August 2023) | $111(10 August 2023) | $117(2 November 2023 ) | $299(9 November 2023) |
| ACCA Qualification | ||||||
| Initial Registration | $79 | |||||
| Annual Subscription | $112 | |||||
| *Re-registration Fee | $79 | |||||
| Exemption Fees | ||||||
| Each Knowledge Exam Exempted | $80 | |||||
| Each Skill Exam Exempted | $106 | |||||
ACCA After CA Career
Surely the ACCA qualification has achieved wider attention among Indian firms over the last several years and is recognized to be on a level with the Indian CA qualification because of related experiences, learning, and employability. Awareness regarding the ACCA course has progressed as an outcome of which the number of ACCA jobs in India has grown exponentially. An ACCA qualified person is extremely in demand at Big 4 audit firms, international banks, IT companies, KPOs, and several other Indian companies because all of them want a CA.
As an effect of the IFRS union in India, the need for people with IFRS expertise has grown multifold in the year 2023. This demand has consequently boosted the number of ACCA jobs in India. An increment in the number of certified employers registered with ACCA has also encouraged producing more ACCA jobs to aspirants in India. ACCA jobs portal also helps registered ACCA students to seek ACCA jobs in India as well as overseas.
Job roles gained after the completion of ACCA are as below:
- Accountant
- Internal Auditor
- Forensic Accountant
- Compliance/Governance Officer
- Management Accountant
- Chief Financial Officer
- Group Accountant
- Business Analyst
- Business Adviser
- Tax Accountant
- Risk Manager
- Treasurer
- Credit Control Manager
- Insolvency Practitioner
- Funds Manager
- Financial Analyst
ACCA After CA Salary
Before registering or after achieving the ACCA course the biggest inquiry in a person’s mind is how great is the ACCA salary in India? The number of qualified CAs progressing each year in India is quite blue because of which the need for ACCAs is raising. The beginning salary for an ACCA member in India can be in the scope of INR 3 Lakh to 4.5 Lakh per annum even though work expertise is nil. Once an individual becomes an ACCA member the payroll jumps over INR 7 Lakh yearly. The ACCA salary in India has shifted on the level with CA’s salary in various positions because of the identity of skill sets in both qualifications.
Well taking the ACCA exam after passing the ICAI's Chartered Accountant entirely depends upon graduates career choices. If you are trying career opportunities outside of India or seeming to work for Big 4s and MNC's in India that need IFRS (IndAS) knowledge, then ACCA can be a highly productive option for you. It will help you extend your wings and become a GLOBAL CA- more specifically ACCA!