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How an ACCA certification can benefit a CA

How an ACCA certification can benefit a CA

How an ACCA certification can benefit a CA: ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

How an ACCA certification can benefit a CA

How an ACCA certification can benefit a CA

  • The Benefits Of Getting The ACCA Certification For An Indian CA

As an Indian CA, you can get a range of benefits from pursuing ACCA. Firstly, pursuing the ACCA certification broadens the career options. You can take a variety of roles, work in a variety of industries and serve as an expert finance professional. You get a lot of flexibility since you need to sit for only 5 papers out of 14 in ACCA. The examinations are not held in groups and do not have a group cutoff unlike CA. Hence, once you clear a paper, you will not be required to sit for it again unlike CA.

  • Number Of Exemptions

If you have cleared Indian CA after May 2003 or is a passed finalist, you are exempted from 9 out of 14 papers of ACCA. In fact, you can simply start your ACCA qualification from the Professional Level and continue your ACCA membership in just 5 papers. If you have cleared IPCC, you are eligible for 5 exemptions.Depending on your previous qualifications, you may get other exemptions as well. Check the exemptions you can get on the ACCA exemption database.

  • Time Frame For Completing ACCA

There are total 14 papers in ACCA. You can take the exams four times a year and take up to 4 exams in each session with a maximum of 8 exams in a period of 12 months . Therefore, keeping this in mind, you can finish the exams within 2.5 years. An Indian qualified CA can easily complete the remaining 5 papers in 6-9 months.  However, for becoming ACCA member, you need to have a 3 year or 36 months of practical experience which can be gained during or after completing your studies.
Completing ACCA after CA can definitely benefit your career in the long run. On this website, we have detailed blog about various aspects of ACCA and CA certification. You can browse and read about the same.

How an ACCA certification can benefit a CA

ACCA stands for the Association of Chartered Certified Accountants a leading international accountancy body. The ACCA qualification is recognised and is treated in other countries as being equivalent to their local qualification.

brief history of ACCA:

ACCA traces its origin to 1904, when eight people formed the London Association of Accountants to allow more open access to the profession than was available through the accounting bodies at the time, notably the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants of Scotland. As of 2006, the goal of ACCA is to become the world’s largest global professional body.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.

ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

How an ACCA certification can benefit a CA

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