ACCA 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? Platinum Approved Learning Partners such as Finplan Edu 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:-
- 1. Strategy development
- 2. Leadership Management
- 3. Entrepreneurial Business thinking.
- 4. International professional outlook.
- 5. Communication.
Must Read: ACCA Exams Preparation - How Should I Prepare for ACCA Exams?
