1. What is the difference between CA and ACCA?>
CA (Chartered Accountancy) is an India-focused qualification governed by ICAI, with deep emphasis on Indian taxation, law, and auditing standards. ACCA (Association of Chartered Certified Accountants) is a global qualification from the UK, recognized in over 180 countries, with a curriculum aligned to international accounting standards (IFRS). CA is mandatory for signing statutory audits in India, while ACCA opens global career options.
2. Is ACCA harder than CA?
Generally, CA is considered tougher because of its very low pass rates and lengthy articleship requirement in India. ACCA has a more flexible exam structure, on-demand exam options for early levels, and modular progression. Many students find ACCA more manageable, especially if they prefer structured learning and international standards.
3. Who earns more: ACCA or CA?
It depends on the role, location, and experience. In India, CAs often command higher pay for India-specific roles, especially in practice or statutory audit. However, ACCA-qualified professionals often earn more in multinational firms or international roles. Both qualifications can lead to lucrative careers with experience.
4. Which is better for working abroad: CA or ACCA?
ACCA is more widely recognized globally, especially in the UK, Europe, Middle East, and parts of Asia. CA India is respected abroad but often requires additional local exams or recognition. ACCA is the better choice if you're planning to work internationally.
5. Does ACCA have value in India?
Yes! ACCA is gaining strong recognition in India, especially with MNCs, Big Four firms, and companies working with IFRS. It's particularly valuable for roles in global finance, auditing, and consulting where international accounting standards are used.
6. How long does it take to complete ACCA vs CA?
CA typically takes 4-5 years (including articleship). ACCA can be completed in as little as 2-3 years if planned well. ACCA also allows flexible exam scheduling, making it easier to balance with work or other studies.