ACCA, the globally recognized Institute of Chartered Certified Accountants, has 200,000+ members and 600,000+ students in 181 countries. It is a prestigious qualification for a successful accounting career abroad.

Eligibility To Attempt ACCA Exams in 2024

Candidates should thoroughly review the specific eligibility criteria for the 2024 exams on ACCA’s official website before applying.

• For ACCA after the 12th: Individuals must be at least 18 years old and have completed their higher secondary education with specific subject and aggregate score requirements.
• For ACCA after Graduation: Commerce students and graduates with any degree can pursue ACCA, with certain prerequisites and most probably you will get exempted from the knowledge level with a graduation in your hand.
• For ACCA after 10th: Foundation in Accountancy is designed for individuals without an accountancy background, with specific levels and exams to complete. Students can join the course soon after their 10th grade and start learning the FIA course.

Discover the Advantages of Pursuing ACCA

Studying ACCA (Association of Chartered Certified Accountants) offers a multitude of benefits and opportunities for aspiring professionals in the fields of accounting and finance.

Here is why opting for ACCA is advantageous:

ACCA is a respected qualification, granted by a globally known organization Association of Chartered Certified Accountants based in the UK, with influence in over 180 countries. ACCA certification is the ideal choice for aspirants looking for a global career in accounting or finance. Choosing ACCA opens doors to advancing your career and achieving the coveted status of a chartered certified accountant within a duration of two to three years. 

• Dual Degrees: By clearing 13 papers, ACCA provides the opportunity to graduate with two degrees, offering flexibility to complete the qualification alongside graduation.

• Broad Job Prospects: ACCA opens doors to diverse roles in India and abroad, including corporate financial reporting, audit, taxation, risk management, and more.

Job opportunities after completing ACCA:

Chief Financial Officer (CFO)

Financial Analyst

Auditor

Management Accountant

Tax Consultant

Forensic Accountant

Financial Controller

Risk Manager

Business Consultant

Investment Analyst

Financial Advisor

• Exam Flexibility: ACCA exams are computer-based, the pass mark for each paper is 50%. The  F1 – F4 papers are on-demand exams that can be attempted at any time of the year and for the F5-P Level, there are 4 exam windows in a year in March, June, September, and December.

• High Pass Rates: With pass rates around 50%, ACCA offers a reasonable probability of completing the qualification with proper guidance and coaching.

Learning ACCA after CA

Indian Chartered Accountants (CAs) can obtain exemptions from ACCA papers, streamlining their path to certification and providing a strong qualification. CA experience can also count towards ACCA’s real-world experience requirement.

Age Criteria:

Candidates must be at least 16 years old to enroll in the ACCA Foundation diploma course.

Course Duration:

The ACCA course typically spans 2 to 3 years, allowing individuals to embark on their professional journey after completing their degree.

Understanding the ACCA Exam Pattern and Career Opportunities

Before embarking on your ACCA certification journey, it’s essential to grasp the exam’s structure and pattern. Thorough research and preparation based on the syllabus are crucial steps for success.

Upon successful completion of ACCA certification, a wide range of job opportunities becomes available. Here are some of them:

1. Financial Accountant

Records, summarizes, and interprets commercial transactions.

Evaluates financial information using statements and balance sheets.

Prepares financial reports for external entities.

Salary: ₹4.6 LPA

2. Credit Controller

Manages company debt and credit operations.

Builds and maintains strong customer relationships.

Responsibilities include debt management and credit evaluation.

Salary: ₹4.2 LPA

3. Financial Controller

Oversees the accounting department of an organization.

Ensures accurate financial record-keeping and compliance.

Involvement in budgeting processes and compliance audits.

Salary: ₹19.8 LPA

4. Corporate Treasurer

Secures organizational capital and formulates financial policies.

Manages expansion funds and advises on investment opportunities.

Focuses on capital markets and liquidity management.

5. Auditor

Certifies accuracy of financial and operational data and reports.

Employment typically in large accounting firms.

Ensures compliance with regulatory frameworks.

Salary: ₹5.5 LPA

6. Tax Specialist

Provides advice on national and international tax laws.

Assists organizations in meeting their tax obligations.

Found in accounting or professional services companies.

Salary: ₹5.8 LPA

Conclusion

ACCA is one of the most anticipated globally accepted certifications which opens doors to watch the world around you and propel in your career. Upon completing the ACCA qualification, you can enter the professional workforce and secure positions in top-notch organizations offering competitive starting salaries. Certified professionals can even aspire to coveted roles like CFO or CEO with experience.