ACCA or CA The Better Qualification
ACCA or CA – The Better Qualification
ACCA - Association of Chartered Certified Accountants (ACCA), founded in 1904 offers the international accounting qualification, recognized in 180 countries across the world. It is one of the leading accountancy credentials in the world for financial aspirants. The course offers students with skills, knowledge and values required to have a successful finance career and be leaders in the organizations they work.
The ACCA qualification requires students to complete a maximum of 13 exams; this also depends on each ones’ work experience and qualifications. Students are also required to pass the Ethics and Professional Skills module and have a work experience of three years in a relevant role.
All in all, ACCA course can be comfortably wrapped up in a minimum of three years.
CA - Chartered Accountancy – is the most popular course in India among finance students. CA course is split into 3 levels – CA Foundation, CA Inter and CA Final, with a total of 20 papers to pass. Students have to clear all three levels along with 3 years of articleship under a practicing CA to be qualified as CA.
Is ACCA better than CA?
Both finance certifications are an excellent choice for an enriching finance career. ACCA and CA largely cover similar subjects and concepts; however, ACCA additionally includes UK GAAP, their Laws, and IFRS. These are the main theories that make ACCA a bit more appealing to finance aspirants with ambitions to work abroad.
CA certification makes professionals the signing authority which is not the case with ACCA. ACCA is well-suited for finance aspirants who are interested in pursuing a career in Multi-National Companies (MNCs) or international companies with offices in India. Such companies prefer ACCA qualified professionals rather than CAs while hiring.
Hence, for a global career in accounting and finance ACCA is the ideal choice. Finance aspirants who are looking to relocate abroad or work in foreign locations ACCA can open up ample opportunities.
Conclusion
Choosing between ACCA and CA is entirely based on personal career choices. Both courses are more than capable to help you carve a place for yourself in a competitive finance job market. However, combining the two qualifications is sure to widen your choices further and give you the options to not only establish a finance career in India but also abroad. Along with right course choice it is recommended to pick a reputed training institute like MyLogic Business Management School with excellent track record and faculty to make the most of your journey.