ACCA vs CA: Which Path Paves Success For Your Aspirations?

Caught in the timeless dilemma of ACCA vs. CA, unsure which road leads to your finance career dreams? Bid farewell to confusion with our specially curated article.

Brace yourself for an insightful knowledge-sharing and learning that unveils the enigma of ACCA vs CA

What is ACCA?

ACCA (Association of Chartered Certified Accountants) is a global organization for accounting and financial professionals providing a premier qualification for aspirants worldwide who intend to excel in accountancy, finance, and management careers.

It is also considered the fastest-growing pathway for the accountancy profession, which supports ambitious students in achieving success in the relevant fields. ACCA job opportunities are abundantly available across countries like Australia, Singapore, the UK, Dubai, etc.

What is CA?

A CA (Chartered Accountant) is a professional accountant with advanced training, recognized by a professional body, and authorized to offer expert financial and business advice.

These individuals undergo rigorous education and examination, gaining expertise in areas such as auditing, taxation, and financial management, making them key players in ensuring financial integrity and compliance.

Having understood the definition of Chartered Accountant vs ACCA, let us delve into the topic or rather the most searched queries by finance enthusiasts/aspirants, i.e. “Is ACCA better than CA?” or “CA vs ACCA, which is better?”

ACCA vs CA Which is Better?

Pursue your dream of becoming a Chartered Accountant through the ACCA or CA courses, enabling practice in India and abroad.

Both programs carry significant prestige in the accounting field, opening doors to lucrative job opportunities in the corporate sector. For a detailed comparison between CA and ACCA, explore the distinctions to make an informed decision.

ACCA vs CA - Difficulty Level Comparison

Comparing ACCA and CA involves assessing the complexity of their respective courses. Both demand a deep understanding of accounting principles and rigorous examinations.

ACCA covers a broad range of global accounting and finance topics, requiring determination and analytical aptitude. In contrast, CA focuses on theoretical and practical knowledge within the Indian financial and legal framework, adding to the diversity of subjects.

Aspirants should carefully consider personal aspirations and career goals, seeking guidance before embarking on either challenging certification journey.

ACCA vs CA Syllabus

When comparing the syllabuses of ACCA and CA, we see that both offer unique pathways in professional education.

Both courses encompass financial accounting, management accounting, audit and assurance, taxation, financial management, and business law. However, the intriguing distinction lies in the depth and complexity of these subjects, shaping the expertise gained through each qualification.

A helpful tip when deciding between ACCA and CA is to evaluate your career goals and aspirations thoroughly. Your choice may be influenced by the industry dynamics and geographic preferences, as one qualification could offer a strategic advantage over the other in specific contexts.

Also Read: A Guide To Canada PR for Indian Chartered Accountants

ACCA vs CA Course Duration

The average duration for ACCA completion is 2-3 years, extending to 3-4 years for those incorporating the mandatory 3-year work experience.

In contrast, CA students typically take 6-8 years to finish the qualification, with those passing in the first attempt completing it in 5 years(including the articleship)

ACCA vs CA Exam Frequency

CA exams occur twice a year, in May and November. In contrast, ACCA exams take place quarterly, offering opportunities in March, June, September, and December.

ACCA vs CA - Exam Pattern

One of the major distinguishing factors of CA from ACCA lies in their exam structures. While CA mandates a group-wise exam approach at Foundation, IPCC, and Final CA levels, with exams divided into Group 1 and Group 2, ACCA allows flexibility, permitting students to take exams one at a time or up to four exams concurrently, based on individual preferences.

Aggregate System of CA vs ACCA

CA's low pass rates (40% globally) result from the aggregate system, where failing any exam in a group leads to the entire group being deemed unsuccessful.

In contrast, ACCA lacks such stringent rules; a student failing one exam can still pass others and reappear for the failed exam with the next set of papers, facilitating a faster qualification process.

Also Read: Accounting Jobs in Canada: Scope, Eligibility and Salary

CA vs ACCA Articleship/Internship

CA students need to complete a 3-year articleship mandatorily, initially after passing IPCC Group 1 and preceding the Final CA exam. This period is predominantly spent working in a CA firm.

In contrast, ACCAs have flexibility in starting their 3-year work experience before, during, or after exams. The timing is at the student's discretion, and there is no mandatory requirement to work in a CA firm, although it is recommended. Ideally, students are advised to commence work towards the end of their Skill Level.

Working under a CA or an ACCA is also recommended but not obligatory. Following 36 months of work experience, fulfilling Performance Objectives and the Ethics Module is essential to meet ACCA requirements for a comprehensive experience.

*CA articleship, or articled training, is a compulsory hands-on training program that aspiring Chartered Accountants must complete as part of their professional education.

ACCA vs CA Exemptions

ICAI (Institute of Chartered Accountants of India) offers no exemptions for CA students. However, ACCA provides various exemptions based on academic background:

• Graduation: Eligible for 4 exemptions out of 13 ACCA exams
• IPCC passed + Graduate: Eligible for 6 exemptions out of 13 ACCA exams
• CA qualified: Eligible for 9 exemptions out of 13 ACCA exams

CA vs ACCA Salary & Prospects

The typical annual salary for a Chartered Accountant (CA) in India is approximately INR 8-9 lakhs, whereas the average salary for an Association of Chartered Certified Accountants (ACCA) falls within the range of INR 6-7 lakhs.

The salary variations exist based on factors like experience, industry, and location. Indian companies often favor CAs for their proficiency in the domestic taxation system, whereas ACCA professionals are highly sought after by multinational corporations, particularly in sectors with high demand, offering international job prospects.

Seek GetGIS Guidance to Choose Your Right Fit, Chartered Accountant or ACCA?

For personalized advice on choosing between Chartered Accountancy and ACCA, turn to GetGIS Guidance. We offer tailored insights to help you make the right decision, considering your aspirations and career goals.

Whether leaning towards expertise in the Indian taxation system with CA or the global opportunities of ACCA, our assistance team provides the guidance needed for your professional journey.

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