Introduction of ACCA

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:

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.

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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:

• Applied Knowledge Level
• Applied Skill Level
• Professional Level
• Ethics and Professional Module and Practical Experience

Q. Which subjects/papers are covered in ACCA exam?

Ans. ACCA exams test students on below 13 papers across three levels to be designated as an ACCA Affiliate.

• Commerce Graduate – Exemption from all papers in Applied Knowledge Level and Corporate & Business Law paper within Applied Skill Level (3+1 = 4 papers)
• CA-IPCC pass student – Exemption from all papers in Applied Knowledge Level along with Taxation and Audit and Assurance papers within Applied Skill Level (3+2 = 5 papers)

Q. What are the benefits of registering for ACCA course with VGLD?

Ans. ACCA course at VGLD would become an easier battle with below advantages and benefits:

• Weekend classes (Saturday & Sunday)
• Gold Approved ACCA Learning Partner
• ACCA qualified faculty
• Live online lectures
• ACCA-Pass Guarantee Program
• Mock exams and Practical Questions Training
• Mock and revision classes
• Past exam questions practice
• Licensed CBE entre for ACCA examination
• 100% placement assistance
• Exclusive scholarships up to Rs. 87,600/-
• Dedicated student counselling team

Q. What are the scholarship offers by VGLD for ACCA course?

Ans. Each student will be offered exclusive scholarships to aid them in their pursuit of dreams.

• A Class 12^th pass-out student will be offered a scholarship of Rs. 9,800
• A Commerce Graduate will be offered a scholarship of Rs. 43,100
• A CA-IPCC pass-out student will be offered a scholarship of Rs. 56,200
• An active ICAI member (post-2003) will be offered a scholarship of Rs. 87,600

Q. What are the total fees payable for ACCA course?

Ans. Students would have to below set of fees (excluding any scholarship).