Chartered Accountant is one of those flagship qualifications that are very difficult to clear. It
is like a dream for many students who work hard and sacrifice many years in order to
become a CA.
After qualifying the Chartered Accountancy, you become eligible to hold the most
prestigious positions in Big 4 and top multinational firms.
Although passing the ICAI’s CA exam lands you in the most respected profiles in India but
when it comes to recognition and opportunities on a global level, Chartered Accountancy
has extremely limited career possibilities.
So if you are looking for global opportunities and eventually want to settle abroad then you
need to step up your game.
‘ACCA’ or “Association of Chartered Certified Accountants” is a UK based global accounting body. It is globally recognized and is valued at par as the ICAI’s local qualification in India.
Being a CA, if you are seeking better career opportunities outside of India then you must
look into ACCA.
Most of the international firms require an accountant with proper knowledge of
international accounting laws and qualifying ACCA gives you the knowledge and opportunity
to work with these companies.
Besides that, there are also many other benefits of qualifying ACCA after CA
- Multiple Exemptions: An Indian Chartered Accountant can get up to 9 exemptions out of
14 papers of ACCA (from F1 to F9). You can directly start your qualification at the
professional-level and become an ACCA by only passing the 5 papers.
- Global Recognition: Qualifying ACCA after CA helps the candidates by opening new doors
of opportunities for them.
As a member of ACCA, you are eligible to work on various profiles in multinational firms.
ACCA is recognized in nearly 180 countries worldwide as compared to CA which is only
acknowledged in India. Henceforth, qualifying ACCA can gradually expand your career
- Flexibility: ACCA is quite flexible when it comes to exemptions and work experience. As a
qualified Chartered Accountant, you already get exemptions from 9 papers in ACCA. Not
only that, your articleship after the IPCC group 1 also counts as the Practical Experience
Requirement (PER) for ACCA.
Furthermore, there is no group system in ACCA exams that means you only need to reappear
for those papers that are not cleared.
- Exams: ACCA exams are held 4 times a year. That gives you sufficient time to prepare as
per your convenience thus there is a higher chance of passing. Also, the passing percentage
of ACCA averages around 40 percent that is considerably high in comparison to CA.
- Eligibility: After qualifying the ACCA you get the knowledge of International accounting
laws and standards that are required by the firms on a global level. ACCA qualified
candidates are highly preferred in accounting roles, forensic accounting, business valuation,
tax and treasury management and many more.
Since it provides deep knowledge in core accounting principles, It mostly suitable for Tax and
Well taking the ACCA exam after qualifying the ICAI’s Chartered Accountant totally depends
upon your career preferences. If you are planning to settle abroad and seeking career
opportunities outside of India, then ACCA can be a very effective choice for you. But if you
have no such plan of moving outside of India and want to continue your career as an
accountant here then ACCA will be of little to no value to you.