#ACCA EXEMPTIONS

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The Chartered Certified Accountant qualification is offered by the international professional accounting organization Association of Chartered Certified Accountants (ACCA). Focusing on corporate governance, taxation, auditing, and financial management, it gives participants the tools they need to succeed in a variety of global financial roles.

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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.

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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.

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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.

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

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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

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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.

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ACCA Exemptions

Accelerate your ACCA journey with degree exemptions at Zell Education. Enroll in the top ACCA course in Mumbai and achieve your goals faster!

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A worldwide recognized credential for finance professionals is the ACCA (Association of Chartered Certified Accountants) exam. Candidates who complete it will be prepared for a variety of positions in accounting and finance with its coverage of fundamental accounting principles, taxation, auditing, and financial management.

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Studying for the ACCA exam can be a daunting task, but with the right preparation, you can achieve your goals. In this video, we'll share with you the best way to schedule your studies so you can maximise your chances of success. We've included detailed instructions and a timetable to help you get the most out of your studying!

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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.

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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.

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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.

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CA or ACCA -Which is better option?

When deciding between ACCA (Association of Chartered Certified Accountants) and CA (Chartered Accountant) as a career path, it’s important to understand the key differences, advantages, and focus areas of both certifications. Here's a more detailed breakdown:

ACCA (Association of Chartered Certified Accountants)

1. Global Recognition: One of ACCA’s biggest advantages is its global reach. It is recognized in over 180 countries, including key financial hubs such as the UK, UAE, Singapore, and parts of Europe. This makes ACCA an excellent choice for professionals aiming for an international career or planning to work in multinational corporations. The global focus of ACCA prepares candidates to work with diverse financial regulations and international standards.

2. Flexibility in Completion: The ACCA course can be completed in a relatively short time, typically within 2 to 3 years, depending on the candidate's dedication and pace of study. This flexibility makes it suitable for professionals who want to complete their certification quickly and enter the workforce. Additionally, ACCA offers flexible study options, allowing students to study part-time while working.

3. Exemptions for Relevant Qualifications: Candidates with prior relevant qualifications such as degrees in accounting, finance, or even certain business management fields may be eligible for exemptions from some of ACCA’s 14 exams. This feature speeds up the process for candidates with advanced qualifications, reducing the time needed to become fully certified.

4. Course Structure: ACCA is divided into two key levels:

Fundamentals: This level includes knowledge-based exams that cover essential topics like Financial Accounting, Management Accounting, and Business and Technology.

Professional: This level focuses on advanced topics such as Corporate Reporting, Strategic Business Leadership, and Advanced Financial Management. This blend ensures that ACCA graduates are well-rounded in both the theoretical and practical aspects of finance and accounting.

5. Career Path: With ACCA, graduates can pursue various roles, including accounting, finance, auditing, management consulting, and even corporate finance positions in multinational organizations. The certification is highly valued for finance roles that require an understanding of global markets, regulatory compliance, and international financial reporting standards (IFRS).

CA (Chartered Accountant - India)

1. Local Recognition and Prestige: In India, the CA certification carries significant prestige. The Institute of Chartered Accountants of India (ICAI) is the regulating body, and its qualifications are highly respected. CA is the most recognized qualification for accounting, auditing, and taxation professions within India. Employers, particularly in accounting firms, banks, corporate houses, and government agencies, often prefer CA-certified professionals due to their in-depth knowledge of Indian tax laws and accounting standards.

2. Duration and Rigor: Becoming a CA typically takes longer—around 4 to 5 years—owing to the structure and requirements of the course. The course is known for its rigorous exams, with a low pass percentage, which adds to its prestige. The path to becoming a CA includes completing the Foundation Course (formerly CPT), followed by Intermediate (IPCC) and Final exams, along with a mandatory 3-year articleship (practical training) under a practicing Chartered Accountant.

3. Eligibility: Students can start preparing for CA after completing their 12th grade through the CA Foundation Course. Graduates can also directly enter the CA Intermediate level, which gives some flexibility in starting the CA course at different points in their education.

4. Course Structure: The CA program consists of three key stages:

Foundation: Basics of accounting, law, and economics.

Intermediate: More detailed subjects like financial management, taxation, auditing, and advanced accounting.

Final: The final level covers advanced topics in auditing, corporate laws, financial reporting, and strategic financial management.

5. Career Path: In India, CA-certified professionals often secure top roles in accounting, auditing, taxation, and financial management. CAs are also sought after for roles in internal and statutory audits, tax advisory, risk management, corporate governance, and consultancy. They can also open their own practices or join firms that specialize in tax, accounting, and auditing services.

Comparison and Key Differences

Recognition: ACCA has a more global recognition, making it ideal for those who want international exposure. CA, on the other hand, is more regionally focused on India and is the top qualification for accounting professionals in the country.

Time and Flexibility: ACCA is faster to complete (2-3 years) with flexible exam timings, while CA takes longer (4-5 years) and requires a mandatory articleship for practical experience.

Course Structure and Specialization: ACCA’s course is divided into international accounting standards and offers flexibility in electives. CA is highly focused on Indian laws, tax policies, and accounting standards, making it ideal for those who wish to specialize in Indian markets.

Career Opportunities: ACCA graduates are likely to work with multinational companies, often in financial hubs globally, or pursue roles in international financial reporting. CA professionals are more likely to work in the Indian corporate, financial, and government sectors. However, a CA can also pursue opportunities abroad by clearing local certifications or additional qualifications like ACCA or CPA.

Which One Should You Choose?

The decision between ACCA and CA depends largely on your career goals and where you want to work:

For a global career or working in multinational companies, ACCA is a better fit. It equips you with skills and knowledge recognized worldwide and gives you flexibility in terms of specialization.

If you plan to work in India, particularly in fields like auditing, taxation, or setting up your own practice, CA has the upper hand. It’s more prestigious and widely accepted in Indian firms.

ACCA’s Flexibility vs. CA’s Rigor: ACCA offers a structured but more flexible pathway to become a globally certified accountant, while CA is more rigorous with its longer duration and mandatory practical training. If you prefer a faster certification and a career that might take you abroad, ACCA is the better option. But if you're interested in long-term stability within India, CA offers immense value.

Ultimately, the choice between ACCA and CA should reflect your aspirations, whether you aim to work in India or internation

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Don’t Get Stuck in Traditional Courses – Choose ACCA for Flexibility and Global Careers!

Don’t settle for traditional courses—choose ACCA for flexibility and a global career! Zell Education offers an ACCA certification that unlocks worldwide opportunities. Explore ACCA course details, career paths, and exemptions with us. Start your ACCA journey with Zell Education now!