Acca vs CA. Which is better?
Acca vs CA. Which is better?
Should I pursue CA or ACCA?
The most confusing question of every commerce background student.
But you don’t need to worry. In this article, You will finally decide, which course you need to choose.
Hello, guys I love people. I enjoy encouraging them and helping them grow.
So lets begin-
Many people yearn me to advise which qualification is good, if there was one mighty answer, only one would have survived. So you have to make that conclusion based on what you expect to do in your life and where you expect to be in your future and not count on anyone else to propose the best plan. And as we all know any course become best beacuse Of opportunity in it.
So, before mentioning the difference between ACCA AND CA lets you know what is ACCA and CA!
ACCA – the Association of Chartered Certified Accountants
The ACCA Qualification enhances accounting proficiency and mastery as well as trained standards. You can build a prosperous career as a finance expert in any region or you can open you Chartered Firm after successfully equipped ACCA.
ACCA exams are carried twice per year, June and December.
The ACCA exams are allotted into two levels: Fundamentals and Professional.
The Fundamentals phase is divided into two Knowledge and Skills.
FUNDAMENTALS (NINE PAPERS IN TOTAL)
This phase carries 9 paper.
In which 3 paper comes under knowledge and rest of 6 paper comes under skills.
- F1 Accountant in Business
- F2 Management Accounting
- F3 Financial Accounting
- F4 Corporate and Business Law
- F5 Performance Management
- F6 Taxation
- F7 Financial Reporting
- F8 Audit and Assurance
- F9 Financial Management
PROFESSIONAL (FIVE PAPERS IN TOTAL) This phase contain 5 paper
- P1 Governance, Risk and Ethics
- P2 Corporate Reporting
- P3 Business Analysis
- P4 Advanced Financial Management
- P5 Advanced Performance Management
Start any employment in finance or accounting as soon as feasible once you are accomplished with ACCA exams. Dont look at earnings at the start to gain experience.
Job profile –
1. Finance & consulting sectors
2. Banking Sectors
5. Public Sector
7. Business Management
8. Hospitality & management and more
Salaries of ACCA
The standard income of an ACCA in India is 5.9 lakhs
CA stands for Chartered Accountants.
A chartered accountant (CA) is an international accounting designation consented
to accounting professionals in many nations around the planet, aside from the United States. In the United States, the counterpart to the CA designation is a certified public accountant (CPA).
The least qualification required to pursue CA course is Class 12. The candidates who have passed Class 12 can take up CPT course. Common Proficiency Test (CPT) is the entrance phase to start a career in Charted Accountancy. The second phase is IPCC (Intermediate) and the final phase is CA Final.
If you go for CA, you can then give rise to your livelihood in accountancy, finance, audit or taxes. Job Profile –
1. A CA can work on the multiple Job Profiles such as –
2. Statutory Audit.
3. Internal Audit
4. Advisor in Direct or Indirect Taxation 5. Handling Transfer Pricing
6. Financial and Accounting Management 7. Investment Decisions
8. System Audit (after clearing DISA/CISA)
9. Handling the Companies Legal Matters etc…
Salaries of CA
The average income of a CA in India is 7.4 lakhs
SO, after knowing the brief description about ACCA AND CA lets discuss the difference between two–
Differences between CA and ACCA:
The key differences between CA and ACCA have been listed below:
CA is a professional certified as a chartered accountant by the jurisdictional accounting board.
ACCA is experienced certified with global accounting credential by Association of Chartered Certified Accountants in London
CA is nationwide certification and its materiality and tribute is generally limited to the certifying nation.
ACCA is a global credential and is acknowledged in over 170 countries. 3. Certifying authority
CAs are certified by regional accounting boards such as Institute of Chartered Accountants in India and Institute of Chartered Accountants in England and Wales.
ACCA certification is given by Association of Chartered Certified Accountants in London.
4. Work experience requirement for enrolling:
A person can enrol for the CA project without any work experience.
An individual can enrol to benefit ACCA certification only if he has at least work experience of 3 years.
Conclusion – CA vs ACCA:
Both CA and ACCA credential are highly respected in the professional world as professionals in the finance arena. While CA’s are commonly given more importance as well as audit signing authority in their regional area, ACCA’s are more globally comprehended. The tendency for one credentials over the other would rely on the people working intention i.e., whether he/she is peeking to work in their nation or glancing to analyze work areas across the earth.
For more information contact varanasi no. 1 commerce class – LILHA EDUCATION CENTRE