The Association of Chartered Certified Accountants (ACCA) institute, formed in 1904 is the global professional accounting body offering the “Chartered Certified Accountant” qualification. ACCA is fast growing international accountancy organisation with 2,00,000 members and 4,86,000 students in 100+ countries. ACCA has formed mutual recognition agreements with several other prestigious global accountancy bodies around the world: AAA United Arab Emirates (UAE), CA Australia and New Zealand, CGA Canada, HKICPA Hong Kong, MICPA Malaysia
What is Scope of ACCA in India ?
We’ve built partnerships throughout our history – they’re central to our ability to deliver our qualifications and services internationally.
Through our global network, students can study for the ACCA Qualification all over the world.
We have 16 joint exam partnerships with national accountancy bodies around the world that allows their trainees to qualify using the ACCA Qualification structure. And we’re working with accountancy bodies in Cyprus, Malawi, Botswana and Zambia to establish joint continuing professional development programmes.
We also have more than 80 global partnerships with accountancy bodies, universities and international donor communities.
Our partnerships allow our members to work internationally, complying with regulation in marketplaces worldwide.
- Globally Recognized in over 78 markets
- Has more than 80 international accountancy body partnerships.
- Well Designed Curriculum that is continuously updated to industry requirements relevant knowledge, skills and professional values.
- Pass Rate for this exam is 30% to 40%, as compared to 5% in the CA exams.
About ACCA Qualification
All over the world, employers seek out ACCA members to lead their business to sustainable success.
That’s because they know that ACCA members are strategic thinkers with high ethical integrity, strong financial know-how and the right business acumen.
To become an ACCA member, you have an exciting journey ahead: The ACCA Qualification. Work out where you start your journey and take a look at our Start Your Journey chart in the related document at the bottom of this page.
This journey will take you through a combination of exams, ethics and experience. Which means you’ll enter the workplace ready to make a difference in today’s fast-paced business world.
When you qualify, you…
- Become a member of the world’s most forward-thinking accountancy body – the ACCA letters after your name are globally recognised and show employers that you work to the highest professional and ethical standards.
- Open doors to opportunities all over the world – the ACCA Qualification is respected globally, and will help you to open doors wherever your career path may take you. It also gives you the flexibility to branch out into new areas and develop new skills throughout your career.
- Make the world a better place – Ethics are absolutely fundamental to your studies and the whole ACCA approach. Which means that when you go out into the world, you’ll be able to set and maintain the high standards the organisations you work with need to move into the future.
- Get support throughout your journey – you get access to world-class resources, forums, insight and advice all the while you’re studying and throughout your professional life.
- Develop your skills – you’ll have opportunities to learn new skills and gain many other qualifications along the way – including a BSc and an MSc
How long does it take to qualify?
This completely depends on what qualifications you have before you register with us. The quickest way to become a member is to work and study at the same time. If you do, you could qualify in as little as three or four years.
Is there a time limit?
There’s no limit on how long you can spend on the Fundamentals level. Once you pass your first Professional level exam, you have seven years to pass the rest of the papers.
Exams are important. But part of what makes the ACCA Qualification so valuable is that it gives you real-world experience. As well as completing exams and the ethics module, you need three years’ practical experience in a relevant role to qualify.
Having the highest standards in ethical accounting and reporting is absolutely fundamental if societies and organisations are to flourish. This is why professional ethics are at the heart of the ACCA Qualification. Ethics underpin your studies and inform your practical experience. They are covered in most of our training – and we also have a specific Professional Ethics module which you complete in your own time.
What are my Career options after completing ACCA?
ACCA members in India work as Accounting Advisory, Corporate Finance, Audit and Assurance, Taxation,Internal Audit, Investment Advisory, Risk Advisory, etc.
What salary can I expect after completing ACCA Course?
In India, average salary offered to ACCA fresher is between INR3,50,000 to INR 4,00,000. ACCA members from India with 5 years’ work experience can apply for for jobs in Australia, Singapore, Canada, Oman, Qatar, Saudi Arabia, etc.
Do ACCA members have signing authority in India?
As an ACCA, you would not have signing authority, and consequentially, not sign audit reports and practice audit by setting up your own firm. However, there are ACCAs working in audit firms in India (including the Big 4) who can work as part of the audit team. The partner signing the audit report must be a member of the ICAI.
What is difference between ACCA and Indian CA?
- ACCA is charted accounting body of UK.
- ICAI – CA is charted accounting body of India
- The job offers for ACCA are the same designation, profile offered to Indian CAs.
Is there an internship requirement for ACCA?
- The internship requirement is 3 years. This can be pursued before, during or after completing the ACCA exam.
- If a student is working in India, he or she would need to have the work experience certified by a Professionally Qualified Finance Manager such ACCA, CA, CWA, ACS, etc.
- ACCA also expects 3 years’ work experience in the field of finance. Along with some performance objectives and a professional module to be attempted (Don’t worry about this for now, We are here to guide you for this).
What is the Eligibility Criteria for joining ACCA?
- Minimum entry requirements which is: A Senior Schools Certificate 10 + 2/CBSE/ICSE and A pass in five subjects is required, including English and mathematics
- Students pursuing graduation in Commerce i.e. B. Com, BBA, BMS, etc.
- BA/B.Sc. graduates from a recognized university (no marks restrictions), through a foundation in Accountancy.
- CA, CMA Members & Students can pursue ACCA for added credibility and a global edge.
What is the minimum marks to enrol for ACCA?
(providing passes are held in 5 subjects (at least 3 in Year XII) including English and Mathematics / Accounts, mark of 65% in at least 2 subjects and over 50% on the others)
(For the Higher Secondary Certificate the marks are out of 200, so over 130 meets the 65% requirement and over 100 meets the 50% requirement.)
Below is a breakdown of the grades in terms of percentage and actual grade.
50%-60% = Satisfactory = C1
60%-70% = Good = B2
85%+, 80%-85%, 70%-80% = A1–A2, B1
How many papers can I give per attempt?
You can appear for 4 exams per attempt, and a total of 8 exams each year.
How often are the ACCA exams held?
- ACCA has two types of computer-based exams (CBEs):
- F1-F4 papers: On-demand CBEs – you can appear for these exams at any time of the year.
- F5-F9 papers: Session CBEs – you can appear for these exams in any of the four sessions held in March, June, September & December.
- Professional Level papers – written exams – you can appear for these exams in any of the four sessions held in March, June, September & December.
How many Subjects do I have in ACCA?
- F1 – Accountant in Business (AB)
- F2 – Management Accounting (MA)
- F3 – Financial Accounting (FA)
- F4 – Corporate and Business Law (LW)
- F5 – Performance Management (PM)
- F6 – Taxation (TX)
- F7 – Financial Reporting (FR)
- F8 – Audit and Assurance (AA)
- F9 – Financial Management (FM)
- SBL – Strategic Business Leader
- SBR – Strategic Business Reporting
- Choose Two out of the following:
- P4 – Advanced Financial Management (AFM)
- P5 – Advanced Performance Management (APM)
- P6 – Advanced Taxation (ATX)
- P7 – Advanced Audit and Assurance (AAA)
What is the passing rate for the ACCA exams?
- F1 to F4 = 60% (Approximately)
- F5 to F9 = 45% (Approximately)
- Professional Level = 35% (Approximately)