2-3Year

Commerce & Banking

Association of Chartered Certified Accountants

Commerce & Banking• 2-3 Year• 4.7 Average Rating

Starting From

₹80,000 /- Per Year

About Course

The Association of Chartered Certified Accountants (ACCA), founded in 1904, is a global professional accounting body offering the Chartered Certified Accountant (ACCA) qualification. Here's a detailed breakdown of the ACCA:

Mission and Recognition:
ACCA is a leading international accounting organization with over 247,000 members and 526,000 future members worldwide.
It operates under a Royal Charter, demonstrating its commitment to acting in the public interest.
The ACCA qualification is recognized in over 180 countries, granting ACCA members the ability to work in various accounting, audit, tax, and finance roles.

Membership Benefits:
Earning the ACCA qualification signifies expertise in accounting, finance, and business.
ACCA members gain access to a global network of professionals, offering potential career opportunities and support.
The association provides continuous professional development (CPD) resources to ensure members stay updated with industry developments.
ACCA membership can enhance earning potential and career progression within the accounting and finance fields.

Qualification Pathway:
The ACCA qualification is achieved through a combination of exams, relevant work experience, and completing an ethics and professional skills module.
It offers a structured learning path that equips individuals with the necessary knowledge and practical skills for a successful accounting career.

Global Presence:
ACCA has a network of over 110 offices and centers in 51 countries, providing local support to its members and aspiring accountants.
They collaborate with approved learning providers worldwide to deliver the ACCA qualification, making it accessible to a diverse range of students.

Key Areas of Focus:
ACCA prioritizes technical accounting expertise alongside broader business acumen.
The qualification emphasizes ethics, corporate governance, and strategic skills, preparing members for leadership roles within the finance industry.

Here are some additional resources you might find helpful:

ACCA Global Website: https://www.accaglobal.com/gb/en.html

ACCA Qualification Information: https://www.accaglobal.com/gb/en/qualifications.html

Benefits of ACCA Membership: https://www.accaglobal.com/gb/en.html

Course Scope

The Association of Chartered Certified Accountants (ACCA) offers a comprehensive course scope that equips individuals with a well-rounded understanding of accounting, finance, and business. Here's a breakdown of the key areas covered:

Technical Expertise:

Financial Accounting: This forms the foundation, covering core principles, international financial reporting standards (IFRS), and the preparation of financial statements.

Management Accounting: You'll delve into cost accounting, budgeting, forecasting, and performance management techniques used by businesses.

Audit and Assurance: This section equips you with the skills to assess the accuracy and reliability of financial statements.

Taxation: Gain an understanding of corporate and personal tax principles, allowing you to navigate complex tax regulations.

Financial Reporting: Learn to analyze, interpret, and communicate financial information to various stakeholders.

Business Acumen:

Corporate Governance: Explore best practices for managing organizations ethically and responsibly.

Risk Management: Develop skills to identify, assess, and mitigate risks faced by businesses.

Performance Management: Learn how to set goals, measure performance, and implement strategies for improvement.

Business Law: Gain essential knowledge of legal frameworks that impact business operations.

Professional Skills:

Ethics and Professional Conduct: ACCA emphasizes high ethical standards, ensuring you can operate with integrity in the accounting and finance profession.

Communication: Develop strong communication skills to present complex financial information clearly and concisely.

Leadership: The course fosters leadership qualities necessary for career progression within organizations.

Strategic Thinking: Learn to analyze situations, make sound financial decisions, and contribute strategically to business goals.

Additional Considerations:

The ACCA qualification is structured in a modular format, allowing you to progress at your own pace and focus on specific areas of interest.

The course curriculum is regularly updated to reflect the evolving needs of the accounting and finance industry.

Practical work experience is an essential component of the qualification, allowing you to apply theoretical knowledge to real-world scenarios.

Course Syllabus & Subjects

The ACCA qualification consists of 13 exams divided into three sections: Knowledge, Skills, and Essentials. Here's a breakdown of the subjects you'll encounter:

Knowledge (3 Exams):

Business and Technology (BT): This exam covers the fundamentals of business organization, technology in business, corporate governance, and accountability.

Financial Accounting (FA): This exam focuses on the core principles of financial accounting, including double-entry bookkeeping, preparation of financial statements, and accounting standards.

Management Accounting (MA): This exam delves into cost and management accounting techniques, budgeting and forecasting, performance management, and decision-making.

Skills (6 Exams):

Corporate and Business Law (LW): This exam covers the legal framework for businesses, including contract law, company law, employment law, and regulatory compliance.

Taxation (TX): This exam explores the principles of taxation, including corporate tax, personal tax, value added tax (VAT), and international tax.

Performance Management (PM): This exam focuses on performance measurement techniques, strategic planning, risk management, and organizational change.

Financial Reporting (FR): This exam delves into the preparation and analysis of financial statements, including advanced accounting concepts and international financial reporting standards (IFRS).

Audit and Assurance (AA): This exam covers the principles and practices of auditing, internal controls, risk assessment, and professional ethics.

Financial Management (FM): This exam explores financial decision-making, investment appraisal, cost of capital management, working capital management, and financial risk assessment.

Essentials (2 Exams - Choose 2 from 4):

Advanced Financial Accounting (AFA): This exam delves deeper into advanced accounting topics like intangible assets, leases, and consolidation.

Advanced Taxation (ATX): This exam builds upon the TX exam, exploring corporate tax in more detail, including group taxation and international tax planning.

Advanced Audit and Assurance (AAA): This exam builds upon the AA exam, focusing on advanced auditing techniques, audit risk models, and forensic accounting.

Advanced Performance Management (APM): This exam builds upon the PM exam, exploring advanced performance measurement frameworks, strategic management accounting, and value creation.

Additional Notes:

You can find detailed information about each exam, including the syllabus and study resources, on the ACCA website: https://www.accaglobal.com/gb/en/student/exam-support-resources/fundamentals-exams-study-resources/f1/syllabus-study-guide.html

Some exemptions from certain exams might be available depending on your prior qualifications.

The recommended order for taking the exams can vary, so it's advisable to consult the ACCA website or an approved learning provider for guidance.

By successfully completing these exams and meeting the experience requirements, you'll earn the prestigious ACCA qualification, which opens doors to a rewarding career in accounting, finance, and business.

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Course Eligibility

The Association of Chartered Certified Accountants (ACCA) offers a globally recognized qualification for aspiring accountants and finance professionals. Here's a breakdown of the eligibility criteria to register for the ACCA course:

Minimum Requirements:

Age: You must be at least 18 years old.

Education:

Minimum qualification: Completion of 10+2 (higher secondary education) in India.

Higher scores preferred: A minimum of 65% in Mathematics/Accounts and English in your 10+2 examinations is ideal.

Alternative entry route: Students who haven't completed 10+2 can enter through the Foundation in Accountancy (FIA) route offered by ACCA.

Course Level

The Association of Chartered Certified Accountants (ACCA) qualification is considered to be at the postgraduate level in terms of its difficulty and knowledge covered.

Here's a breakdown of why it's considered postgraduate level:

Content Depth: The ACCA exams delve into complex accounting principles, taxation frameworks, financial reporting standards, and strategic business topics. This depth of knowledge aligns with postgraduate accounting programs.

Skill Development: Earning the ACCA qualification equips individuals with advanced skills in auditing, financial analysis, risk management, and corporate governance. These skills are typically developed in postgraduate accounting programs.

Equivalency: In some countries, the ACCA qualification is recognized as equivalent to a Master's degree in Accounting or a related field.

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Recruiters

Here are some of the top companies that recruit ACCA qualified candidates across the globe:

Big Four Accounting Firms: These include
1. PricewaterhouseCoopers (PwC)
2. Deloitte
3.KPMG
4. Ernst & Young (EY).
They are all multinational professional services networks that offer a wide range of accounting, tax, consulting, and advisory services. These firms are known for their global presence, prestigious reputation, and competitive salaries.