ACCA vs CPA: Similarities and Differences for Accountancy Aspirants
Updated On
-
Copy link
Limited-time offer : Access a free 10-Day IELTS study plan curated for you
Table of Contents
Choosing between ACCA vs CPA is a common decision for aspiring finance and accounting professionals aiming for global recognition. The ACCA (Association of Chartered Certified Accountants) is a UK-based qualification with 252,500 members and presence in 180 countries. In contrast, the CPA (Certified Public Accountant), primarily from the USA, has over 670,000 active licensees worldwide and is widely recognized internationally.
Both certifications offer high career value, but differ in focus; ACCA emphasizes IFRS and global finance, while CPA is grounded in GAAP and taxation. The eligibility, exam structure, and work experience requirements also vary significantly. To help you make the right choice, this blog compares the key differences between ACCA and CPA.
What is ACCA?
ACCA is a globally recognized accounting body in the UK, offering a comprehensive course in accounting and finance covering areas like financial accounting, management accounting, taxation, audit, and business ethics.
Aligned with international standards, this course provides flexibility in study options and allows career choices based on existing qualifications. ACCA certification enhances career prospects in diverse sectors, including accounting firms and multinational corporations, as it signifies high professional expertise.
What is CPA?
CPA, or Certified Public Accountant, is a designation for professionals specializing in accounting and finance, primarily in the United States. To attain CPA status, candidates must successfully pass the CPA examination, evaluating their knowledge of US Generally Accepted Accounting Principles (GAAP), auditing standards, taxation, and business laws.
CPA is a highly esteemed profession in the US, requiring extensive expertise in accounting. Obtaining a CPA degree is crucial for pursuing careers in public accounting, corporate finance, government agencies, and other related fields.
Also Read: MS in Accounting in the USA in 2025
ACCA vs CPA: Key Differences
When choosing between ACCA and CPA, understanding their structure, recognition, and suitability for your career goals is crucial. Each qualification has its own set of requirements, exam patterns, and international focus. Here are the major differences to help you decide which fits your profile best.
|
Differences |
ACCA |
CPA |
|
Eligibility |
Students can enrol for ACCA at various levels. Those who have completed 10+2 with at least 65% in Maths/Accounts and English, and 50% in other subjects are eligible. There are also routes to apply after the 10th or after graduation. |
To be eligible for CPA, candidates must have a bachelor's degree or an equivalent qualification with core subjects in accounting, business administration, and finance. |
|
Pattern of Examination |
ACCA exams are split into two main levels: Fundamentals and Professional. The Fundamentals level includes Knowledge and Skills modules, while the Professional level includes Essential and Options modules. |
CPA has four standardized exams, each lasting four hours, covering key areas of the USA accounting and regulatory frameworks. |
|
Course Duration |
The ACCA qualification can be completed in 2 to 10 years, depending on the entry point and the pace at which exams are cleared. |
Most candidates complete the CPA course within 8 to 12 months, making it a faster qualification for some professionals. |
|
Recognition |
ACCA is globally recognized, with acceptance in over 180 countries, making it ideal for international finance careers. |
CPA holds strong recognition in the United States and select international markets, particularly in firms with USA compliance needs. |
|
Examination Dates |
Knowledge-level ACCA exams can be taken anytime online, while Skill and Professional-level exams are held in March, June, September, and December each year. |
CPA exams are offered on demand across several months: January, February, April, May, July, August, October, and November. |
|
International Standard |
ACCA follows IFRS (International Financial Reporting Standards), which is widely used globally. |
CPA focuses on GAAP (Generally Accepted Accounting Principles), which is primarily used in the United States. |
|
Organizing Body |
ACCA is governed by the Association of Chartered Certified Accountants, a UK-based global body. |
CPA is managed by the American Institute of Certified Public Accountants (AICPA) in the USA. |
|
Job Profiles |
Graduates can pursue roles such as Accountants, Tax Managers, Internal Auditors, Finance Managers, and Financial Consultants. |
CPA holders often work as Public Accountants, Forensic Accountants, Financial Analysts, and Internal Auditors. |
Explore: Finance Courses in Canada
ACCA vs CPA USA Eligibility Requirements
Understanding the eligibility criteria for ACCA and CPA is essential before you begin your application journey. While ACCA offers multiple entry points for students from different academic backgrounds, CPA has stricter academic and credit-based requirements governed by the USA state boards. Below is a detailed breakdown of the eligibility requirements for each.
ACCA Eligibility
ACCA is open to a wide range of learners, making it accessible to both beginners and experienced professionals interested in finance and accounting. Here are the common qualifications accepted for ACCA.
- Completion of Class 10 from a recognized board
- Completion of Class 12 from any stream with basic subject requirements
- Undergraduate degree holders from any discipline
- Postgraduates, such as MBA or M.Com graduates
- Professionals with CMA or CA credentials and at least 5 years of experience
- CA Inter-qualified candidates
- Anyone with a strong interest in accounting or finance, regardless of academic background
CPA Eligibility
CPA eligibility varies across the USA states but generally involves specific academic qualifications and work experience. Here is an overview of what you need to appear for the CPA exam and obtain the license.
CPA Exam Eligibility:
- A bachelor’s degree in accounting, finance, or a business-related field
- Minimum of 120 credits to take the CPA exam (an Indian bachelor’s degree usually gives 30 credits per year; additional study needed)
- Evaluation of foreign academic credentials through authorized agencies
- Requirements set by the 55 U.S. State Boards of Accountancy
CPA License Eligibility:
- A total of 150 credits
- At least 2 years of relevant work experience
- Completion of the 4 Es: Education, Experience, Examinations, and Ethics
- The license must be secured within 3 years of passing all CPA exams.
Quick Read: Accounting Jobs in Canada (2025)
ACCA Vs CPA Jobs and Salaries
When comparing ACCA vs CPA jobs and salaries, both qualifications open doors to high-paying roles in finance, accounting, and consulting. Salary ranges vary by role, industry, and experience, offering strong career growth for both certifications. Here are the popular job roles for both ACCA and CPA with their average salaries.
Job Roles After ACCA Certification
ACCA certification opens doors to diverse roles in accounting, finance, and corporate management across global industries. Below are some popular job roles and their respective salary ranges.
|
Job Role |
Average Salary Range (INR) |
|
Financial Accountant |
1,00,000 - 12,00,000 |
|
Management Accountant |
3,00,000 - 24,70,000 |
|
Corporate Treasurer |
2,20,000 - 87,50,000 |
|
Financial Controller |
6,00,000 - 60,00,000 |
|
Finance Manager |
3,50,000 - 32,40,000 |
Job Roles After CPA Certification
Earning a CPA certification qualifies professionals for a variety of roles in accounting, auditing, and financial management. Here are some key job roles along with their average salary ranges.
|
Job Role |
Average Salary Range (INR) |
|
Corporate Controller |
4,50,000 - 98,80,000 |
|
Public Accounting |
1,10,000 - 3,50,000 |
|
Tax Examiner |
1,00,000 - 13,30,000 |
|
Business System Analyst |
4,00,000 - 22,50,000 |
|
Forensic Services |
3,00,000 - 13,00,000 |
Seek GetGIS Guidance to Choose Your Right Fit: ACCA vs CPA
For personalized advice on choosing between ACCA or Certified Public Accountant (CPA), 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 US Financial System with a CPA or exploring the global opportunities of ACCA, our assistance team provides the guidance needed for your professional journey.
Useful Links for Further Reading:
Limited-time offer : Access a free 10-Day IELTS study plan curated for you
Frequently Asked Questions
Is ACCA better than CPA?
Which is difficult ACCA or CPA?
Which CPA exam is considered the most challenging?
Is pursuing ACCA worthwhile in the USA?
Is it beneficial to pursue ACCA after becoming a CA?
