Here are the reasons Why should an Indian CA pursue ACCA?
CCA complements the CA course and is not a competition to the CA. The academic background of ACCA is highly focused on the fundamental aspects of accounting, reporting and business. Each subject of the professional level (last level) of ACCA has a complete focus on leadership and the strategic approach to the technical subject matter and links business with the requirement of leadership and strategy. Hence, doing ACCA after CA will benefit Indian accountants with extra curriculum knowledge of accounting, auditing, taxation, leadership, and strategy.
Are you wondering which is the best ACCA institute in Mumbai? Gold Approved Learning Partners such as Finplan Institute is considered to be the best institute for ACCA.The Indian CA has an academic background that is completely focused on the key aspects of Accounting, Auditing and Taxation. The Chartered accountant course is highly reliant on the aspects of the domestic regulatory and compliance framework. Therefore, professions in audit and taxation in the country are dominated by CA professionals.
Where in CA course there are three levels of examination and three years of practical training commonly called articleship, CA students undergo rigorous practical work exposure towards the practical aspects of the theoretical course.
However, in the current business world there are certain skills which are required by each and every finance professional in the world. The critical point to note is that CA as a course covers various aspects of Accounting, Auditing, Taxation, Law, Costing and Finance there are also certain areas which the program lacks.
Some of the important aspects which the Indian CA program lacks and that is where ACCA plays a major role for them to consider after CA are as follows:-
The passing percentage of CA lies between 4-5% whereas ACCA is 40-50%, which makes the Chartered Accountants more demandable compared to ACCA. Always, it is definitely worth it to do ACCA after CA. This would add additional skills to your repertoire and you would be recognised globally as well. This would open up several opportunities for you. Considering you get 9 exemptions, you will have to pass 4 papers.
There are many myths about ACCA is only for those who are willing to settle abroad. But the truth is that ACCA has amazing job opportunities in India as well as abroad. Not only do a lot of Multinational Companies (MNCs) and global consulting firms like E&Y, PWC, Deloitte and KPMG have their offices in India, but also, a lot of Indian companies have global operations. It means that a considerable number of companies in India want to hire talent who have global skills and applications. Such global competitiveness can be achieved only by pursuing a globally recognised qualification like ACCA.
ACCA has a dedicated job portal with 7300+ approved employers to help you find internships and job placements. At jobs.accaglobal.com, thousands of jobs are listed and these can be browsed on the basis of country, job roles and sectors. These jobs encompass various diverse roles, including bookkeepers, business analysts, financial accountants, management accountants, tax consultants, forensic accountants, treasurers, finance business partners and so on. Further, jobs span across various sectors like public practice, banking and financial services, defence and military, digital, education and training, healthcare and so on.
Strategic Professional level
Essential Level