CA Vs. ACCA- All you need to know

CA Vs. ACCA- All you need to know

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General
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Created By Admin Last Updated Thu, 27-Aug-2020

The fundamental differences between two sought after qualifications:

Criteria

ACCA

CA

Core concept behind the courses

Hones a very strong base of core accounting principles for tax and auditing profiles.

This provides in-depth knowledge of accounting principles, taxation and auditing along with Indian company law.

Professional supporting body-

It is regulated by the Association of Chartered Certified Accountants (U.K).

This adheres to regulations of Institute of Chartered Accountants of India (ICAI)

Exams

Total of 13 papers

Total of 19 papers.

Eligibility

10+2

10+2

Duration

Approximately 2-3 years

Approximately 5-6 years

Levels

Knowledge, skills, Professional essentials, professional options.

Common Proficiency Test (CPT), integrated professional competence course (IPCC) and CA final.

Pattern of exam

Maximum exams are 2-3 hours based on the subject.

Group-wise subject allocation. Each is for 2-3 hours based on level.

Re-Exam Pattern

If you fail in a single paper, only that particular paper needs to be reattempted.

If you fail in a single subject, you are required to reappear for the entire group exam.

Fees

Training + Exam fees Rs.2 Lakh -Rs.3 Lakhs

Training + Exam fees below Rs.1 Lakh

Pass percentage

Approximately 30% – 40 %

Approximately 5% – 10 %

Accreditation

Globally accepted

Accepted only in India

Exemptions

You can be exempted up to a maximum of 9 papers.

No Exemptions

Salaries

If you are a fresher, you may expect Rs.5 LPA – Rs.6 LPA. You earn higher with learning and experience.

If you are a fresher, you may expect Rs.5 LPA – Rs.6 LPA. You earn higher with learning and experience.

Opportunities in India

It is considered as a globally respected degree for core accounting roles, forensic accounting, valuation of business, tax and treasury management. Although, there is a limited scope of ACCA professionals in tier-2 cities or remote locations in India, it is highly preferred by Multinational organizations.

It is a sought after and highly preferred degree in core accounting roles, taxation, financial analysis, company laws and business advisory or consulting. There is vast scope in national private organizations and the financial auditing space.

Professional Experience pre-requisite

A professional experience into any the finance-related job role is mandatory for 3 years, during or after your ACCA Course.

An Articleship of mandatory 3 years is taken as a part of your course. It needs to be completed while you pursue your degree.