#ACCA EXEMPTIONS

[sumitsahu999]

[dhruvmishra]

The Association of Chartered Certified Accountants, or ACCA, is a worldwide professional accounting organization that grants certifications in company management, auditing, finance, accounting, and taxation. With an emphasis on morality, real-world experience, and technological know-how, ACCA prepares individuals to succeed in a variety of financial industries across the globe. Numerous job prospects in more than 180 countries are made possible by its internationally recognized accreditation.

[nikhil999997]

ACCA VS CPA

In the accounting field, the qualifications of Certified Public Accountant (CPA) and Association of Chartered Certified Accountants (ACCA) have different functions. With an emphasis on strategic corporate leadership, worldwide financial management, and ethical standards, ACCA provides a global viewpoint. Acknowledged in more than 180 nations, this program trains professionals for a wide range of positions in different sectors with a focus on global accounting procedures. The CPA, on the other hand, emphasizes American accounting, auditing, and taxation standards and is specifically designed for the American market. It offers competence in regulatory compliance particular to US regulations and is crucial for professions in the country. For individuals who want to work in the U.S. accounting system, CPA certification is essential even if ACCA offers global adaptability.

[massydaniel99998]

ACCA Course Fees

The level of study and registration type are two of the many variables that affect the ACCA (Association of Chartered Certified Accountants) course prices. A one-time registration cost, yearly membership fees, and examination fees for every paper are usually included in the fees. The annual subscription price is required to keep membership status, whereas the registration fee is a one-time payment. Exam fees are assessed for each paper, and retakes may incur additional expenses. Additional costs may also apply to study materials and resources for course preparation. To obtain an accurate idea of the overall cost for your particular study path, it is important to check the most recent pricing structure on the official ACCA website or speak with certified learning institutions.

[harry999997]

ACCA Jobs

Discover a plethora of employment options in the accounting and finance areas by obtaining an ACCA qualification. Financial analysts, auditors, management accountants, compliance officers, and other professionals work in a broad variety of industries and international marketplaces as ACCAs. Having an ACCA degree gives you advanced understanding in ethical business leadership, financial management, and strategic business leadership, which makes you a great asset to employers. Whether corporate finance, public practice, or advisory services are your areas of interest, ACCA opens opportunities to exciting and demanding jobs. Use your ACCA certification to further your career and land meaningful jobs that will help you achieve your goals. Take the next step in your career by looking into ACCA job opportunities right now.

[zelledu]

Online ACCA course in India | Connect now for details on eligibility, subjects, exemptions, faculties. Get 100% placement assistance

[accountcoaching]

Top 5 Rewarding Career Options after Completing ACCA

Want to make a flourishing career in Global finance & accounting industry and need a path to get there? Go ahead and read on. 

Employers all over the world consider ACCA affiliates and members as perfect F&A professionals with the skills & ethics required to support a sustainable business. They are considered employable because of their innovative and sustainable decision-making capability backed with ethics and professionalism. 

ACCA qualification embeds all the key skills (apart from the concepts of Finance & Accounting) expected by Employers from an F&A professional, such as 

Effective communication skills

Financial modelling

Stakeholder management

Commercial awareness and business acumen

Business partnering

Attention to detail.

Strong analytical skills. 

What is ACCA?  

ACCA stands for the Association of Chartered Certified Accountants, and they grant Chartered Certified Accountant degree. It is a UK based professional accountancy body. ACCA qualification is internationally recognized.  

ACCA is an International Qualification 

The ACCA Qualification is recognized all over the world. It is also known as “Global CA” and opens the world of unlimited opportunities in the fields of Finance & Accounting (F&A).    

It has offices in more than 180 countries. ACCA has built relationships with multinational organizations, overseas accounting bodies, educational institutes, governments, and organizations such as the World Bank and the United Nations. This ensures that an ACCA member has opportunities in any part of the world. 

Top 5 Career Options you can Choose after ACCA 

ACCA concentrates on international accounting and auditing standards that help its members develop the knowledge and skills needed to evaluate the business and provide effective solutions to the management. Following are some of the roles an ACCA Affiliate can take up after completing the ACCA Qualification: 

Financial Planner & Analyst 

Accountant – Financial & Management  

Financial Controller / Corporate Treasurer 

Auditor

Tax Specialist 

Financial Planner & Analyst 

A financial analyst makes business recommendations for an organization based on analyses of market trends, the financial status of a company (or companies) and the predicted outcomes. They give insights to increase the profits and decrease the financial risk.  

Financial Accountant & Management Accountant 

A financial accountant evaluates financial information with the help of financial statements and balance sheets. Their reporting is aimed to answer questions from external stakeholders like investors, shareholders, bankers, creditors, regulators, etc.  

Management accountants identify, measure, evaluate and report about the financial information of an entity. They help management make essential business decisions through critical analysis of data.  

Financial Controller  

It is a popular career path for an ACCA.  They oversee all of the day-to-day operations in the finance department. Their role is to manage the company’s transactions, such as accounts payable, receivable, payroll, control accounts and general operational finance, they also prepare compliance audits, assess financial data and assist in the budget-making process. 

Corporate Treasurer 

The corporate treasurer is responsible for securing the capital funds to fulfil the entity’s financial obligations. They formulate financial policies and strategies to organize funds, maintain liquidity, invest in best opportunities, and manage financial risk.  

Auditor 

An Auditor checks and certifies the accuracy of financial and operational data and reports. Auditors ensure that the financial statements are consistent with the regulatory framework. 

Tax specialist 

Tax expert advises on national and international tax law issues and implications. They ensure the entities meet their tax obligations without superseding the statutory compliances. 

Salaries & Employers 

ACCA-qualified students earn more than graduates by 50% to 70%. The ACCA salary ranges from INR 6 to 10 lakhs per annum after completing the ACCA qualification, depending on the profile of the job, the candidate’s experience; size, and the location of the company.  

ACCA affiliates and members are hired by MNCs and Big4s like PwC, Deloitte, KPMG, EY, Grant Thornton. 

ACCA Qualification Eligibility 

ACCA is a student friendly body. ACCA Qualification has student entry requirements which are very flexible. It allows the students to enter the path as early as after 10+2, during and after graduation and as late as during work. The ACCA eligibility requirement –  

Before Graduation: marks in 10+2 as given below: 

65% in Math’s or Accounts; and  

65% in English; and  

50% in rest of subjects

During Graduation: ACCA has entered into tie-ups with certain universities, to enroll students at such universities pursuing graduation into ACCA qualification based on their accredited programs. 

After Graduation: Students of B.Com can enroll for ACCA qualification based on their graduation certificate or professional course completion certificate (e.g.: CA; CMA) 

ACCA Course – Syllabus 

ACCA syllabus is spread over 13 papers across 3 ACCA levels. ACCA papers are as given below Level 1 – Applied Knowledge (3 papers) Level 2 – Applied Skills (6 papers) Level 3 – Professional (First 2 Essential & 2 Electives) Business & Technology (BT) Corporate & Business Law (LW) Strategic Business Leader (SBL) Management Accounting (MA) Performance Management (PM) Strategic Business Reporting (SBR) Financial Accounting (FA) Taxation (TX) Advanced Financial Management (AFM)  Financial Reporting (FR) Advanced Performance Management (APM)  Audit & Assurance (AA) Advanced Taxation (ATX)  Financial Management (FM) Advanced Auditing & Assurance (AAA) 

Detailed syllabus for each of the papers can be found here.  

ACCA Exams 

ACCA exams are all Computer Based Exams (CBEs), this is one of reasons why ACCA qualified are employable as they are equipped to provide solutions through technology.  

The ACCA Exam structure allows a good balance between ACCA preparation and study / work. Exam pattern includes both  

On-demand (any time of the year) and  

Session based (scheduled exams held every quarter – March, June, September and December).  

One can attempt 0 (skip an attempt if not up to it) to maximum 4 papers in each session. One can study on one’s own or take coaching. Though ACCA recommends taking classes from learning partners as they provide continuous guidance, quality tuition and placement assistance and it is not compulsory, the choice is completely on students. 

ACCA Exemptions 

ACCA believes that a student should not be tested for any subject/topic twice if the skill and knowledge attained are the same. Thus, it permits exemptions for equivalent papers at the first two levels. Minimum 3 upto to a maximum of 9 papers can be exempt for a candidate based on the existing qualification (use the exemption calculator know your eligibility.  

Knowledge level is fully exempt for B.Com undergraduates and CAs (inter and final passed).  

Skill level is fully exempt for CA finalist and CMA (India) finalist with 5 years’ experience, who have completed those respective papers.  

This understanding of ACCA with other institutions around the world helps students get the best out of it. It saves a lot of time in obtaining a professional qualification.  

ACCA makes a student equipped with Professional Skills and Job Ready 

Comprehensive Syllabus 

ACCA syllabus includes subjects like taxation, auditing, law, business studies, professional and ethical issues, financial management, financial reporting, and management accounting. It is based on international accounting and auditing standards. Therefore, an ACCA member is equipped with skills to work across the world.  

Analytical skills 

ACCA exams involve scenario based or case study-based questions which require analytical skills. This equips its members with skills for evaluating financial requirements, formulating business solutions and proactive forward thinking, making an ACCA member a niche professional. 

Partnerships with Employers 

The ACCA has partnered with employers all over the world. ACCA has its own Approved Employers, who are formally recognized partners of ACCA. They provide a working environment that is designed to support ACCA members and/or trainees. There are over 8,500 approved employers approved by the ACCA that offer opportunities to the members and students. The ACCA ensures along with approved employers to give better career prospects to members. 

ACCA & CA 

Both CA and ACCA are highly qualified Accounting & Finance courses designed for professionals who aim for a career in Accounting, Taxation, Auditing, and Finance. CA degree in India is given by The Institute of Chartered Accountants of India (ICAI) and ACCA certification is given by Association of Certified Chartered Accountant (ACCA). 

They have similar subjects and a common syllabus to a large extent (spread across Levels I & II of ACCA but the exam patterns are completely different. CA tests mostly conceptual understanding but ACCA emphasizes analytical skills and scenario-based practical application. CA insists on articleship on before completing the final exam, but ACCA keeps exams and practical experience requirement (PER) mutually exclusive. 

Compulsory ACCA Subjects for CA Finalist: 

Strategic Business Leader (SBL) 

Strategic Business Reporting (SBR) 

Elective ACCA Subjects for CA Finalist 

Advanced Financial Management (AFM) 

Advanced Performance Management (APM) 

Advanced Taxation (ATX) 

Advanced Auditing & Assurance (AAA) 

Passing 4 ACCA exams – 2 compulsory subjects, and 2 from elective subjects in ACCA, CA Finalist can acquire ACCA certification from the organization. 

What Next After ACCA? 

Work in Industry as ACCA – Your chosen profession is in demand; you could join any industry as long as the company has a place for accounting/taxation/auditing. You can take up roles of management accountant, finance manager, treasury, auditor, CFO, etc. ACCA-qualified can work in India and outside India. Many ACCA professionals from India work in countries like the UK, Australia, Singapore, Germany, etc. There is demand for ACCAs in 180 countries where ACCA is recognized. Foreign companies with establishments in India have a huge demand for ACCA professionals. They hire professionals who are qualified for international work and know about international accounting. 

Join an Accounting Firm – you can be part of the team which provides solutions for clients in all sorts of industries. This gives a broader perspective to your learnings in ACCA. They specialize in services like audit, tax, management consulting, mergers and acquisitions, forensic accounting, etc. It’s a high-growth and rewarding career. 

Continue Studying – ACCA is a great foundation for many advanced specialisms within professional services like MBA, CFA, etc. Which course is better for you depends on your future goals. If you want to venture into business administration then an MBA would be good, but if you want to excel in investment management then you should pick CFA. If you want to just upskill, you can as well do ACCA Diploma in IFRS (DipIFR), which enables your proficiency in accounting. 

Start your own Consultancy – Since ACCA equips you with an overall knowledge of finance and accounting, you can comfortably run your own business enterprise of consulting as freelance accountant or advisor to small and medium sized entities. 

To Do or Not To Do 

The ACCA Qualification is a very cost-effective way to become a finance professional. The fee payments are spread across the levels. The technical knowledge in accounting and finance and professional skills learned on the course together increases the career prospects of the members. A member is employable immediately after the completion of level 3 exams at very attractive pay. The costs can be recovered in less than 6 months. 

If you want to become a professional at the youngest age possible with international job opportunities and attractive pay packages this is the course for you.  

Article Source: Top 5 Rewarding Career Options after Completing ACCA

[audreyracher]

ACCA Exemptions: How to Apply & What You Qualify For

At CFO NeXT, we help students and professionals navigate the process of applying for ACCA exemptions. If you hold relevant qualifications or experience, you may be eligible for exemptions that can fast-track your ACCA certification. Our expert guidance ensures you understand which exemptions apply to you and how to complete the application process. With years of experience in training professionals for ACCA, we provide all the support you need to streamline your ACCA journey and achieve your goals. Let CFO NeXT guide you through the complexities of ACCA exemptions and set you on the path to success. For More Information: https://cfonext.co.in/acca-exemptions-and-how-to-apply-for-exemptions/

[finplaneducation01]

ACCA vs. CMA: A Comprehensive Comparison

Choosing between ACCA (Association of Chartered Certified Accountants) and CMA (Certified Management Accountant) can be a daunting decision for aspiring finance professionals. Both qualifications offer unique advantages and career opportunities, but understanding their differences is crucial in making an informed choice. This blog will explore the key aspects of both qualifications, including ACCA pass rates, exemption fees, and their overall value in the job market.

Understanding ACCA and CMA

ACCA is a globally recognized accounting qualification that focuses on financial and management accounting, taxation, law, audit, and financial management. It is ideal for those who wish to work in various accounting roles, including public accounting, corporate finance, and auditing.

On the other hand, CMA is more focused on management accounting and financial management. This qualification emphasizes strategic management, performance management, and decision-making, making it suitable for professionals aiming for roles in financial planning and analysis, budgeting, and cost management.

ACCA Pass Rates: What You Need to Know

One of the first things prospective ACCA students should consider is the ACCA pass rates. Understanding these rates can provide insight into the qualification’s difficulty and the commitment required to succeed.

In recent years, ACCA pass rates for various exams have varied, generally ranging from 40% to 50% for professional level papers. This means that while passing is achievable, students must be diligent in their studies and preparations. Many find that a combination of proper study techniques, such as revision courses and practice exams, can significantly improve their chances of success.

ACCA Exemption Fees

When considering ACCA, it’s essential to understand the ACCA exemption fees. These fees apply to candidates who have prior qualifications that allow them to skip certain exams. For example, students who have completed specific university degrees or other accounting certifications may be eligible for exemptions, reducing both the time and cost required to obtain the ACCA qualification.

The exemption fees can vary depending on the level of exemption granted. It’s advisable to check with ACCA’s official website or a local ACCA representative to get the most accurate information on eligibility and associated costs.

ACCA vs. CMA: Which is Better?

The question of whether ACCA or CMA which is better largely depends on individual career goals and interests. Here are some factors to consider when making this decision:

Career Focus: If your goal is to work in general accounting, auditing, or taxation, ACCA may be more beneficial due to its comprehensive coverage of various accounting topics. However, if you aim for a career in management accounting or financial strategy, CMA’s focus on management principles might be more suitable.

Global Recognition: ACCA is recognized in over 180 countries, making it a strong choice for those looking to work internationally. CMA is also respected but is particularly valued in the U.S. and among multinational corporations.

Job Opportunities: Both qualifications open doors to numerous job opportunities. However, ACCA holders may find broader opportunities in public accounting, while CMA holders are often sought after in corporate finance roles.

Conclusion: Making the Right Choice

Ultimately, the decision between ACCA vs CMA depends on your career aspirations and personal preferences. Consider factors such as ACCA pass rates, ACCA exemption fees, and the focus of each qualification. Both paths offer lucrative career opportunities in the finance industry, but understanding their differences will help you make the best choice for your future.

If you’re still unsure, reach out to professionals in the field, join forums, and consult educational resources to gather insights from those who have pursued either qualification. By doing thorough research, you can confidently choose the path that aligns best with your goals and aspirations in the world of finance.

[sumitsahu999]

ACCA Course Details

A worldwide recognized qualification for prospective accountants and finance professionals is the ACCA (Association of Chartered Certified Accountants) course. There are thirteen tests in total, broken down into three categories: Strategic Professional, Applied Knowledge, and Applied Skills. In order to obtain practical experience, candidates must also fulfill the Practical Experience Requirement (PER). Important subjects including taxation, auditing, financial management, and performance management are covered in the course. Students also have to follow the professional and ethical standards of ACCA. Candidates can choose to continue the flexible course at their own speed by enrolling in online or in-person classes offered by recognized training providers across the globe.

[dhruvmishra]

ACCA Course Details

The ACCA curriculum is divided into three primary levels: Strategic Professional, Applied Knowledge, and Applied Skills. The Applied Knowledge level covers topics like Financial Accounting and Business Technology and presents fundamental ideas in accounting and business management. The Applied Skills level explores particular topics in greater detail, such as audit, taxation, and management accounting. Lastly, the Strategic Professional level concentrates on more complex subjects and requires applicants to finish two Strategic Professional tests in addition to a Strategic Business Leadership module. A combination of academic knowledge and real-world application is used throughout the course to prepare students for a variety of worldwide career options in accounting and finance.

[nikhil999997]

What Is ACCA?

The International Association of Chartered Certified Accountants, or ACCA, is the global association for accountants. Offering a distinguished credential, it gives people the tools they need to become proficient in accounting, financial management, and strategic company leadership. Globally renowned, ACCA offers demanding education and moral guidance, opening doors to a wide range of accounting and finance employment options.

[massydaniel99998]

What Is ACCA?

The Association of Chartered Certified Accountants (ACCA) is a prominent international organization for professionals in accounting. It provides a highly esteemed qualification covering important subjects such as audit, taxation, and financial management. With a focus on accounting and finance, the ACCA curriculum prepares students for a wide range of influential roles in the international financial industry.

[harry999997]

ACCA Course

A program with international recognition, the ACCA course offers comprehensive information and useful skills in accounting, finance, and business management. There are thirteen tests total, broken down into three categories: Strategic Professional, Applied Knowledge, and Applied Skills. A broad range of subjects are covered in the course, such as taxation, auditing, financial reporting, and strategic management. The ACCA qualification gives students the flexibility to study at their own pace and gives them the knowledge and skills necessary to excel in a variety of accounting and finance professions across the globe.

[certifiedmanagementaccounting]

Your Complete Guide: How to Apply for the ACCA Course in India

The Association of Chartered Certified Accountants (ACCA) is one of the most sought-after global certifications for aspiring finance and accounting professionals. It is internationally recognized, making it a top choice for students looking to build a successful career in finance, accounting, and auditing. If you're in India and are interested in pursuing the ACCA course, here’s a step-by-step guide on how to apply.

Step 1: Check Eligibility Criteria

Before applying, ensure that you meet the eligibility requirements for the ACCA course. Typically, candidates who have completed their 10+2 with a minimum of 65% in Mathematics/Accounts and English and 50% in other subjects are eligible. Graduates in commerce or related fields may also be eligible for exemptions from some exams, depending on the university they attended.

Step 2: Register for ACCA

To apply for the ACCA course in India, you first need to register on the official ACCA Global website. The registration process is straightforward:

Visit the ACCA official website.

Navigate to the ‘Apply Now’ section and fill out the registration form.

You will need to provide personal details, educational qualifications, and other relevant information.

Once the form is submitted, you will receive a confirmation email with details of your ACCA student account.

Step 3: Submit Required Documents

To complete your registration, you will need to upload scanned copies of the following documents:

Proof of Identity: Passport, Aadhaar card, or any other government-approved ID.

Educational Certificates: Marksheets and certificates from your 10+2 and graduation (if applicable).

Passport-sized Photograph: A recent digital photo.

Make sure all documents are clear and meet the specifications mentioned on the ACCA website.

Step 4: Pay the Registration Fee

After submitting your documents, the next step is to pay the ACCA registration fee. The fee can be paid online through a secure payment gateway on the ACCA website using a credit/debit card or other accepted payment methods. Once payment is made, you will receive an official confirmation of your enrollment in the ACCA program.

Step 5: Start Your ACCA Journey

After completing your registration and fee payment, you can access your ACCA account, where you’ll find details about the exam schedule, study resources, and more. You can then plan your study schedule and register for the ACCA exams.

NorthStar Academy: The Best Option for ACCA Coaching

Choosing the right coaching institute is crucial to your success in the ACCA course. NorthStar Academy is the best option for ACCA coaching in India, offering comprehensive study materials, expert faculty, and flexible learning schedules. With a proven track record of success, NorthStar Academy ensures that students are well-prepared for their ACCA exams and can confidently pursue their career in global finance.

In conclusion, applying for the ACCA course in India is a simple, step-by-step process. With the guidance and support of NorthStar Academy, you can ensure a smooth application process and be on your way to achieving your ACCA certification.

[learneducation]

Unlocking Your Potential: Discovering the World of ACCA Courses and Course Details

Are you passionate about finance and accounting? Do you dream of becoming a skilled and globally recognized finance professional? If so, you may want to consider embarking on an exciting journey with the Association of Chartered Certified Accountants (ACCA) course. Whether you are a recent graduate or an experienced professional seeking to enhance your skills, the ACCA course offers a gateway to a world of opportunities in the finance industry. In this article, we will explore what the ACCA course entails and delve into the essential details you need to know before enrolling.

What is the ACCA Course?

The Association of Chartered Certified Accountants (ACCA) is a leading international accountancy organization that provides a comprehensive and globally recognized qualification for finance and accounting professionals. Established in 1904, ACCA has evolved into one of the most respected accounting bodies worldwide, with a presence in over 170 countries and a network of 227,000 members and 544,000 students.

The ACCA course is designed to equip individuals with the knowledge and skills necessary to thrive in the finance industry. It covers a wide range of topics, including financial accounting, management accounting, taxation, audit and assurance, corporate and business law, and more. The course is tailored to meet the demands of the modern business world, ensuring that candidates are well-prepared to face the challenges of a dynamic and ever-changing financial landscape.

ACCA Course Details

Eligibility Criteria: To enroll in the ACCA course, there are no specific academic prerequisites. Anyone with a high school diploma or its equivalent can register as an ACCA student. However, to qualify as an ACCA member, candidates must complete the required examinations, gain relevant practical experience, and adhere to the professional ethics module.

Examination Structure: The ACCA course is divided into several levels, each consisting of a series of examinations. The main levels include the Applied Knowledge, Applied Skills, and Strategic Professional levels. These examinations assess candidates' knowledge and skills at different stages of their journey, progressively becoming more challenging as they advance.

Flexibility: One of the significant advantages of the ACCA course is its flexibility. Students have the freedom to choose their study pace and sit for examinations at their convenience during four exam sessions held throughout the year. This flexibility allows candidates to balance their studies with work or other commitments.

Practical Experience: In addition to passing the required examinations, students must complete a minimum of three years of relevant practical experience to become a fully qualified ACCA member. This practical experience ensures that ACCA members possess the necessary skills and competencies to excel in real-world scenarios.

Global Recognition: ACCA is a globally recognized qualification, respected by employers and financial institutions worldwide. Obtaining the ACCA qualification opens doors to international job opportunities, allowing you to work in diverse industries and regions.

Professional Ethics Module: As part of its commitment to maintaining the highest ethical standards, ACCA requires students and members to complete the Professional Ethics module. This module fosters a strong sense of ethical responsibility and integrity, which are crucial traits for finance professionals.

Conclusion

The ACCA course is a powerful platform that enables individuals to pursue rewarding careers in finance and accounting. With its global recognition, comprehensive syllabus, and emphasis on professional ethics, ACCA equips students with the knowledge and skills to thrive in the competitive finance industry.

If you are ready to unlock your potential and embark on a journey to becoming a respected finance professional, the ACCA course is the ideal path to follow. Take the first step today by enrolling in the ACCA course and embrace a world of opportunities that await you in the fascinating realm of finance. Remember, the journey may be challenging, but the destination is incredibly rewarding.