Are ACCA & CA different from each other?
When you talk about the difference between the two, you need to know about the fundamental of the two. What is CA, and what is ACCA? ACCA stands for the Association of Chartered Certified Accountants. The candidates deal with rules and regulations of policies internal to a company and work with financial transactions. CA is offered by the Institute of Chartered Accountants of India. Both of these courses are highly qualified finance courses that are designed for the accounts and finance professionals in the country.
But, how do they differ? Let us take a look at the key differences of CA from ACCA.
Which candidates enrol in these two courses?
The ACCA course details will include topics like taxation, auditing OR management accounting. The ACCA professionals will be handling accounts for private organizations or public firms. It is an international accreditation and can help you secure jobs even outside the country. CA professionals specialize in Financial Accounting and will cater to all fields in finance. After passing the exam, the candidates are entrusted with work in different fields.
What does the field of work entail?
ACCA professionals work in the inspection of taxation and accounting for public and private entities. ACCA courses in Mumbai help the candidates to pick the necessary skills for the job. Other than auditing or taxation, ACCA professionals can also work globally in finance controlling or analysis. The person also deals with international accounting standards. CAs work in finance positions in private entities and government concerns. They could even be working under their own firms. Also, only CA professionals are allowed to do auditing in the country.
How much time is required to complete the courses?
The ACCA course can be completed in around 2-3 years. In order to increase your chances of success and clear the exams on the first attempt, join the ACCA classes in Mumbai. The CAs are required to complete articleship of 3 years. The overall duration to complete the course is mostly between 3 to 5 years.
Do you get exemptions in the courses?
The ACCA course offers exemptions for the exams, depending on the knowledge level of the students and the degrees they hold. You need to clear a total of 13 exams to get the ACCA accreditation. You can claim exemptions in 9 exams, depending on your expertise. In CA, you will not have to appear for the first level if you have earned a degree from the recognized colleges.
What are the eligibility criteria?
The minimum criteria for enrolling in the course is 3 years of work experience along with a graduation degree. In order to start with the CA levels, you just need to complete your 12th board.
So, the courses are definitely different from each other even though they teach about almost the same topics. You can expect the CA course to be much more grinding.