The finance industry is always known to offer lucrative opportunities to aspiring candidates. But as the competition in this industry is so tough, it becomes important to pursue a professional course and stand ahead of the crowd. When looking for such an option, ACCA is a genuine choice that offers a promising career. If you aspire to have a career in the accounting field, you should check out what ACCA is and its related details.
The Association of Chartered Certified Accountants body offers one of the most lucrative accounting courses that is globally recognized and popular in the accounting field. The ACCA course has its roots in the UK but soon it traveled to get recognition in about 180 countries worldwide. Though ACCA professionals in India cannot practice currently in the country but can work for different multinational companies operating in India.
Why is ACCA popular in India?
Today, many aspiring candidates are eager to know what is acca in India, due to its various benefits.
- Easier than CA:
CA is considered one of the most highly esteemed accounting courses in India. However, it is not easy to crack the exam and only 4% to 5% of candidates pass through the exam in one go. Candidates who are not sure of passing the CA exam have a great opportunity through ACCA. ACCA can also get difficult for those who are not dedicated, but it is easier than the CA course because the passing rate of ACCA is about 40% to 50%. So, many aspiring candidates today are pursuing ACCA in India.
- Globally recognized Course:
ACCA is a globally recognized course that offers a platform for candidates to seek job opportunities worldwide. ACCA is operational in as many as 180 countries so ACCA-qualified candidates have an opportunity to work in all of these countries. It is because of this feature that even the CA-qualified candidates in India pursue ACCA courses to get global recognition.
- Multinational Companies in India:
India is now a hub of some of the top-notch multinational companies like KPMG, EY, and Grant Thornton. These companies understand the value of ACCA-qualified candidates and so prefer them over other candidates. So, if you are an ACCA-qualified candidate in India, you have an immense opportunity with the multinational companies operating in India.
- Smart Curriculum and Syllabus:
When you get to know what ACCA is, you also understand how intelligent the syllabus is. ACCA syllabus is a combination of accounting knowledge and professional strategic skills to train the candidates to meet international standards.
How to Pursue ACCA in India?
When you understand the importance of ACCA in the global market, it is time to know the ACCA course details, duration, and fees in India.
- ACCA Eligibility:
ACCA has three levels that you have to cross one by one. The minimum eligibility is Class 12th and these eligible candidates will have to pass 13 exams. But ACCA also offers exam exemptions for candidates with higher educational qualifications. For example, Bcom graduates get 4 exam exemptions while CA candidates enjoy 9 exam exemptions.
- ACCA Duration:
Usually, it takes 2 to 3 years for a candidate on average to complete the ACCA course, but there are exceptions available. For example, candidates who get exam exemptions can complete the course in a much shorter time than those who are appearing in all 13 exams. Also, there are situations when candidates are not dedicated enough or may not be able to devote proper time due to their professional commitments. For such candidates, ACCA offers to complete the course at a maximum duration of 7 years.
- ACCA Fees:
Once you know what ACCA is, you should also check the ACCA fee structure before you pursue the course. Similar to the curriculum, the ACCA fee structure also has several layers and is flexible. You have to start with the initial registration fees and the annual subscription. Next, you need to get exam registration whenever you think you are ready to appear in a level exam. Apart from these, there are also many other elements like exemption fees, permanent subscription fees, and membership fees.
At times understanding the fee structure can get difficult. So, one of the best ideas is to get in touch with a reliable and professional coaching center. Zell Education guides aspiring candidates in understanding what ACCA is and its related details like the syllabus, fee structure, and career opportunities.
Conclusion
If you are aiming at having a career in finance and accounting, pursuing the ACCA course can help you get a lucrative job opportunity and a high-end salary package. The global recognition and reputation in the finance world are some more reasons why ACCA is getting so popular even in India today. Get in touch with Zell Education to understand what ACCA is and get guidance to complete the course efficiently.
