ACCA vs CA - What is the Difference? Which is Better in India?

Both CA vs ACCA are highly qualified Finance courses offered for the Accounts and Finance professionals who want to make a career in Accounting, Taxation, Auditing, and Finance.

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Created By Admin Last Updated Sat, 04-Jul-2020

ACCA vs CA - What is the Difference? Which is Better in India?

Both CA vs ACCA are highly qualified Finance courses offered for the Accounts and Finance professionals who want to make a career in Accounting, Taxation, Auditing, and Finance.

ACCA course is an accounting qualification offered globally by the Association of Chartered Certified Accountants of the UK, a global body for professional accountants. While CA is a course offered by the Institute of Chartered Accountants of India. Both of these courses are quite popular among students who want to build a career in the accounting and finance field.

ACCA is an internal professional accounting body with over 200k members worldwide. It is recognized in over 186 countries. There is an increase in demand for professionals who have done this course not only in India but also in the international job market.

ICAI is the sole body that gives the Chartered Accountancy degree and is quite competitive and tough.

Below are the main differences between these two courses:

Parameters

CA

ACCA

Recognition

India and outside, Some countries prefer additional qualification on top of CA

Global

Flexibility

Low as it is a structured course with a defined process and steps

High, as it offers computer-based exams and also written exams which can be taken individually

Also it gives exemption to qualified CA’s to give only 4 papers

Option to practice in India

Available

Not available

Duration of course

4-5 years

2-3 years

Core subjects

Indian laws and Taxation

International laws and IFRS

Passing percentage

Average 3 to 9 %

40 to 50% internationally

Preference by employers in India

Yes

Yes for functions other than Legal and Tax

Fees

Approx. INR 70,000

Approx. INR 2- 3 lacs

In light of the above, it is difficult to place one course on the other as both have some advantages as well as limitations. It is up to students who have to decide which area do they want to go for. If someone wants to set up his/her own business, then opting for CA is suitable and else, if S/he wants to be in service, then both are equally rewarding. Some CA also get the ACCA qualification to increase their career options. This also gives them opportunities to explore jobs outside India.