What is ACCA? Know all about ACCA

by

 What is ACCA?

ACCA (Association of Chartered Certified Accountants) is one of the most sought-after and globally recognized courses in the field of commerce. ACCA provides the fundamental as well as professional knowledge of Business, Accounting, Financial Accounting, and similar fields. The course is offered by several colleges and universities in India. The duration of ACCA is not constant its varies depending upon the previous qualifications of a candidate.
The ACCA certificate program is important for candidates who are forward to pursuing a career in banking, chartered accountancy, financial services, consulting, etc. The program provides students with in-depth knowledge for understanding theoretical, as well as, practical aspects of financial accounting, capital management, risk management, acquisitions, mergers, business valuation, etc.

ACCA program Duration:

the ACCA course is different from any other regular commerce course, the duration of ACCA depends on the previous education of a candidate. check the below table for a better understanding

Educational Qualification

Duration

10+2 in Commerce Stream

3 years

Graduation in Commerce  Stream

2 years-2.5 years

IPCC

2 years

CA (Chartered Accountant)

1 year

B.Com + IPCC

1 year
 
What is ACCA? all about ACCA

ACCA Eligibility Criteria

  • The minimum educational requirement for the ACCA course is the candidate passing completing class 12 in Commerce stream from a recognized board.
  • Candidates are required to score at least 50% marks in class 12 examinations.
  • They must have studied Mathematics and English as compulsory subjects in 10+2.
  • Candidates who hold a B.Com degree or CA certificate or IPCC can also apply for the course availing of reduced course duration. 

ACCA Programme Admission Process

  • The admission process of the ACCA program varies for different colleges.
  • Some institutes conduct merit-based admission selecting candidates based on their performance in the recently acquired education.
  • Some colleges or universities are offer candidates for admission through entrance exams. 
  • The Candidates who perform well in these exams then he is added to the merit list and then called to further the selection process.
People also see:

ACCA subjects for two years

The following table contains the year-wise syllabus of the ACCA program.

YEAR-1

YEAR-2

Audit and Assurance

Business Analysis

Corporate and Business Law

Corporate Reporting

Financial Reporting

Advanced Financial Management

Performance Management

Advanced Taxation

Management Accounting

Advanced performance management

Taxation

Advanced Audit and Assurance

Financial Management

Governance, Risk, and Ethics

Accountant in business

                      /////

Financial Accounting

                     /////

 Average Annual Fees

The fee of ACCA is varying from institute to institute if you are doing ACCA from a top institute then the annual fee is more than two lakhs. It normally ranges from INR 28,000 to INR 2,60,000

Top colleges fees and placements

These are some top colleges of ACCA course with fee structures and salary packages

College Name

Average Annual Fees

Average Placement Offer

Global Center for Entrepreneurship & Commerce, Jaipur

INR 65,000

INR 7,00,000

Christ University, Bangalore

INR 2,20,000

INR 6,85,000

Symbiosis College of Arts & Commerce, Pune

INR28,000-68,000

INR 4,00,000

Apeejay St University, Gurgaon

INR 2,60,000

INR 4,68,000

Sharda University, Noida

INR 1,64,000

INR 11,00,000

 Top Entrance exams for the ACCA Programme

Some of the major entrance exams for the ACCA program that are accepted in reputed universities are:
  1. GATA 
  2.  AJEE
  3. GGSIPU
  4. JEE Main
  5. LPU NEST

Employment area

These are some job areas of ACCA which are given below
  • Banking Sector
  • Accounting Firms
  • Financial Sector
  • Consultancies
  • Market Research
  • Budget Planning
  • UPSC
  • SSC
  • Educational Institutions

Job profile

These are some job profiles of ACCA which are given below
  • Accountant
  • Auditor
  • Chartered Accountant (CA)
  • Chief Financial Officer (CFO)
  • Financial Accountant
  • Management Consultant
  • Finance Manager
  • Equity Research Analyst
  • Corporate Analyst
  • Investment Banker
  • Cashier

ACCA Salary Programme

Salary after completing the ACCA course depends upon one’s work experience and the organization she/he is working with. In India, the salary of an ACCA certificate holder can range from INR 3LPA to INR 80LPA. check out more details below.

Job profiles

Salary

Accountant

INR 3 LPA – INR 8 LPA

Auditor

INR 8 LPA – INR 13 LPA

Financial Accountant

INR 4 LPA – INR 9.5 LPA

Management Consultant

INR 10 LPA – INR 20 LPA

Chief Financial Officer (CFO)

INR 40 LPA – INR 80 LPA

Finance Manager

INR 12.5 LPA – INR 34 LPA

Chartered Accountant (CA)

INR 10 LPA – INR 25 LPA
If you have any doubts or any queries then please feel free to ask in the comments or contact us on the contact page.

Frequently asked questions about ACCA

What is the full form of ACCA?

The full form of ACCA is the Association of chartered certified accountants.

What are the top institutes for ACCA courses?

These are some top institutes for ACCA courses, the Indian school of commerce, Gitam institute of management, and the Vidyabharti group of institutions.

Is the ACCA course hard?

ACCA is easy if you have a clear mindset and you know what you are doing, if we talk about difficulty then the difficulty will increase when you progress in the ACCA course.

Leave a Comment