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ACCA-Becoming-a-Global-CA

Introduction

ACCA stands for The Association of Chartered Certified Accountants. It’s a global body of professional accountants which provides its certified members a global accreditation. ACCA is recognized globally with over 170 countries approving it. This is a gold standard in accountancy profession as it looks to create members with most up-to-date skills. ACCA course is based on IFRS – the most advanced, detailed and adopted accounting standards in the world with over 150 countries requiring its use. Thus, this is like a perfect plan to become a Global CA with opportunities from across the world waiting your application.

Scope of ACCA course

We, now need to ensure that we understand the ACCA course, its curriculum, and exam dates.

ACCA course is divided into below three stages each testing you in a specialized field:

Applied Knowledge LevelApplied Skills LevelProfessional Level
Accountant in BusinessCorporate & Business LawStrategic Business Leader
Management in AccountingPerformance ManagementStrategic Business Reporting
Financial AccountingTaxationAdvanced Financial Management
 Financial ReportingAdvanced Taxation
 Audit and AssuranceAdvanced Performance Management
 Financial ManagementAdvanced Audit and Assurance

On top of this, students who have passed their graduation, CA-IPCC cleared and ICAI members have an option to be exempted from many papers. For more details, please reach out to VGLD mentors.

All levels of ACCA exams are conducted on the Computer-Based Method (CBE). Question format options include Multiple Choice Questions (MCQ) and Scenario-based questions. These are designed in a way to test not just the theoretical knowledge but also its practical application.

Students can appear for any paper within each level as per their choice, thus it’s a course to be done at your pace.  To be a qualified ACCA with all rights, a student must pass in all these three levels and complete 20 hours of Ethics module and 3 years of practical experience. This work experience can be gained during any time of the course including Applied Knowledge Level.

Exams are conducted throughout the year on a rolling basis across four testing windows. This provides students with ample opportunities to prepare and appear for exams according to their schedules and time needs.

Eligibility Criteria

A student should have completed 18 years of age and qualified the 10+2 exams with an aggregate of 65% in Mathematics/Accounts and English and a minimum of 50%in other subjects.

Students pursuing graduation courses in field apart from Commerce can also join in and pursue their dream of being a Global CA – Global Citizen.

Advantages of ACCA

Let us now take a quick look at the advantages of doing ACCA. We believe that this would help you take an informed decision for your future.

  • Opportunity to make an international career with 176+ countries recognizing this certification
  • Multiple options to appear in examinations – four exam sessions each year
  • Lesser papers to clear – 13 papers compared to 20 within Indian CA
  • Higher pass percentage – generally above a whopping 50%
  • Faster course timeline – become an ACCA in just 3 years including work experience
  • Modern examination pattern – MCQ and scenario-based questions to test your knowledge

Opportunities post ACCA

With growing globalization and cost benefits, many multinational corporations (MNCs) including Wall Street Giants like JP Morgan, Goldman Sachs, Citigroup etc. have set up their accounting & technical base in India. This, thereby, opens up a plethora of opportunities for candidates who have knowledge of Foreign Accounting Standards and Principles like IFRS.

Below are some of the exciting career opportunities post ACCA qualification:

  • Assurance Services
  • Foreign Accounting
  • Internal and External Auditing
  • Consulting Services
  • Tax and Financial Planning
  • Advisory services like tax, transaction (M&A) etc.
  • Forensic

Exemptions under ACCA & Scholarship by VGLD

We at VGLD aim to guide our students with the best possible scenarios and offers so that they accomplish their dreams sooner and easier.

Below are the set of exemptions and exclusive scholarships offered by VGLD at each level of ACCA:

ScenarioExemptionExempted PapersVGLD scholarship
Class 12th pass outNo exemptionN/AINR 9,800/-
Commerce Graduate (from ACCA recognized University)4 papers exemptedAccountant in BusinessManagement in AccountingFinancial AccountingCorporate & Business LawINR 43,100/-
CA-IPCC pass student5 papers exemptedAccountant in BusinessManagement in AccountingFinancial AccountingTaxationAudit and AssuranceINR 56,200/-
ICAI Member (Post 2003)9 papers exemptedAccountant in BusinessManagement in AccountingFinancial AccountingCorporate & Business LawPerformance ManagementTaxationFinancial ReportingAudit and AssuranceFinancial ManagementINR 87,600/-

Post Author: VG Learning Destination

VG Learning Destination is best institute for Classes for CA Final, ACCA, DIPIFR, CA Final International Taxation Classes. Buy CA Final Direct Tax & Other MCQ Books from VG Learning Publication to crack your exam.

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