ACCA AT A GLANCE

The ACCA certification, offered by the Association of Chartered Certified Accountants, is a globally recognized course focusing on accounting, finance, and business management skills. Those who obtain this certification not only gain expertise in finance and accounting but also develop professional competencies such as communication and decision-making.

Absolutely, the ACCA qualification enjoys global recognition, including in India. ACCA members, affiliates, and students secure positions in both multinational corporations such as IBM, Accenture, and Big 4 firms, as well as local enterprises like the TATA Group and Hindustan Unilever. Unless one aims to practice in India specifically and sign audited financials, holding an ACCA certification opens doors to various job opportunities.

Certainly, the ACCA course structure allows students to schedule exams at their convenience, typically held quarterly. Additionally, weekend classes offer flexibility for working professionals to balance their job commitments with their studies.

The salary for ACCA-certified individuals varies depending on factors such as skills, experience, location, and company reputation. Generally, starting salaries range from Rs. 5-7 lacs per annum, with potential increases based on various considerations.

Depending on your study plan, you can register for up to four exams per session and up to eight unique exams per calendar year.

The decision to take one or multiple exams per session depends on your available study time and other commitments.

After five years of ACCA membership and completion of Continuing Professional Development (CPD) requirements, individuals are automatically conferred the title of Fellow (FCCA).

ACCAGlobal Careers provides a platform to explore job opportunities suitable for ACCA professionals. For detailed information on various job profiles, visit https://jobs.accaglobal.com/

Indeed, the ACCA course holds international recognition and operates in over 180 countries, including prominent locations like the UK, Ireland, Canada, Singapore, and more. Many international accounting bodies establish mutual recognition agreements with ACCA, facilitating career mobility. Employers, especially multinational corporations, favor ACCA-certified individuals due to their comprehensive knowledge, strategic abilities, and adherence to ethical standards.

On average, students take 2-3 years to pass all ACCA exams, including Knowledge, Applied Skills, and Professional levels. However, the actual timeline may vary depending on any exemptions claimed.

No, completing the ACCA course does not necessitate an internship. However, a 3-year Practical Experience Requirement must be fulfilled before becoming an ACCA member. This experience can be acquired before, during, or after completing the ACCA exams.

In India, candidates must have passed Class 12th with 65% in English, Accounts, and Mathematics, along with 50% in other subjects, to pursue the ACCA course. Alternatively, candidates not meeting these criteria can opt for the Foundation in Accountancy program, which covers the initial three ACCA levels.

ACCA offers options for taking exams at home as well as centre-based sittings.

ACCA Global pass rates for individual papers typically range between 30% to 40%, with a minimum score of 50% required to pass each paper permanently.

ACCA members do not possess signing authority in India and cannot sign audit reports or establish audit firms. However, they can work in audit firms (including Big 4) as part of the audit team, with the audit report signing authority resting exclusively with members of the ICAI. Outside India, ACCA members typically have signing authority in various countries, including the UK, EU, Canada, Australia, and the Middle East.