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Is ACCA equal to Indian CA???

Jasmin (student) (185 Points)

18 October 2009

Is ACCA equal to Indian CA? Do they both have the same volume to study?

Experts & students pls post ur opinions...

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14 Replies

(Guest)

no ACCA is at global level has recognisation in more than 130 countries.

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(Guest)

syllabus is similar but not same.moreover a person can claim for exemption of some papers in. ACCA.

Sushil (CA Final Student) (2571 Points)
Replied 19 October 2009

Indian CA is tougher than ACCA.

J Abrahams (ACCA Student) (31 Points)
Replied 01 December 2009

One difference I can point out that makes ACCA "easier" is that it doesn't require you to do articleship while you are studying. You can do it before you are studying, after studying or during your studies.

ACCA introduced IFRS way before ICAI introduced it to the syllabus, moreover, it is a well respected qualification, which you can use to work across Europe and Mid.East Asia/China/HK/Singapore/Malaysia etc.

The exams are more towards the application than rote learning.

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DEEPU K.R. (Auditing) (29 Points)
Replied 22 December 2009

Compulsory Articleship in Indian CA is the Plus point of ICA. But when u compare the exam questions, quality of study materials and other guidence provided by the institutes ACCA is far ahead of Indian Institute. ACCA questions are more practical oriented. Moreover ACCA also requires practical experiance. But the difference is ACCA recognize experiance in all types of industry giving freedom for the student to decide their career. I wonder why CA institute do not recognize the experiance in oversea CA firms. Now India is going to adopt IFRS on 2011. So it should be adptive to that.

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JTM1988 (student) (57 Points)
Replied 10 September 2010

The above post by Deepu k, is a very good one. It highlights the advantages of chosin ACCA. possibly the best response i have seen so far.

from my part, i can say that ACCA is far more flexible than indian C.A ( thus som peopl clearly refer this as being easier, it aint true.), and ICAI making its C.A students to concentrate only on the audit side or the regulatory side like taxation etc, is a big disafvantage for those students, who try to add other qualifications like CFA, FRM etc etc. These qualifications unlike cma, cpa, cwa or cs (wer most of the subjects are related) requires a different approach, for instance the effort that u put in for cfa is clearly huge compared to ca.

I can clearly vouch for this, as i m doing both, so far so good.

After graduating from Loyola Colg, Chennai,,,, I opted for ACCA as i wanted to have a career in the fin services or investment banking sctr...... and i was confused on optin indian CA or ACCA.....but a lot of efforts put into queries, to people who actually hav don both acca and CA , hav made me to opt for ACCA.... evryon pointed to the fact that indian CA s not tat application orientd and ICAI is not friendly enough to students,to hav a career in I.B...or F.S...........besides such internationally certified courses are more uptodat.... eg: ACCA sylbs(new) includes Islamic Banking too.....

Besides ACCA is a globally accepted professional certification. thus for a person lookin for a career in I.B sec or BFS sector( ast mangt, valuations, M&A, advisory, portfolio mgmt etc etc), he/she should chos a globally accepted cours as this will help the student, to go work in developed markets lik U.K , U.S, Singapor etc.... wer the industry is already matured, and bring back tat knowledge to india wen our fin sectr becoms more deregulated.

Sreejith (Tech Lead - IT consultant) (21 Points)
Replied 03 May 2011

Hi, I am interested to learn ACCA in the UK.

Can someone do public practise in India after completing ACCA ?

All I could find on this topic in google is :

"With the advent of globalization, development and integration of professional standards, negotiations are underway between Institute of Chartered Accountants of India and ACCA for reciprocal recognition for their membership for public practice in both countries after undergoing a proficiency course in Taxation and Corporate laws of the respective country. "

Is this reciprocal recognition in place now ? If so, How many papers should an ACCA person pass to do public practise in India?

Ramkesh Kaushal (Tax consultant) (26 Points)
Replied 14 November 2013

I am interested to do acca uk, can i practice in india as a chartered accountant after completion of acca uk.

divyashree (bangalore) (21 Points)
Replied 04 November 2014

What is the eligibility criteria for ACCA

Varun Kamal (CA Job) (23 Points)
Replied 16 December 2014

ACCA is a Chartered Accounting course of UK and having Auditing right in UK and other countries.

Samilar Indian CA having Auditing rights in India.

But for Jobs Indian CA and ACCA are equil.Indian CA. ACCA qualified are geting good jobs in big 4 and International banks in India.

ACCA With LSBCA INDIA Frequently Asked Questions (FAQs)

Q : ACCA FACTS? :

A : Members -162,000 students – 428,000, Countries – 173, Approved employers – 8,500

Q: Why ACCA?

A: GLOBAL:
ACCA is globally recognised which means opportunities around the world. And our unrivalled network of 89 offices means that you’ll get local support where you need it.
RIGOROUS:
ACCA qualifications provide you with the fundamental skills all accountants should master and required by employers before specialising in the area relevant to your employment.
RESPECTED:
We’ve been around for over 100 years and have a reputation for developing ethical finance professionals with the skills and knowledge to grow businesses.
FLEXIBLE:
You can study full-time or part-time, through face-to-face tuition or distance learning. We give you the Flexibility to choose the right study options for your situation.
OPPORTUNITY:
The breadth of the syllabus means that you will have skills to work across a range of sectors including corporate, practice, public and financial services, creating more career opportunities.

Q : Why ACCA in India ?

A : The ACCA Qualification is widely recognised in and outside India. We believe that the success of our members is what makes us a coveted qualification globally. Many of our members work with leading Indian and multinational organisations in and outside India. You can read some of the Indian member profiles here https://www2.accaglobal.com/india/members/members/

The ten key competencies:

• Leadership and management,
• Law and taxation
• Sustainable management accounting,
• Corporate reporting,
• Strategy and innovation
• Financial management,
• Audit and Assurance
• Stakeholder relationship management
• Governance, risk and control
• Professionalism and ethics

ACCA helps you develop the 10 key competencies (as shown above) which are required by employers today. Each of these areas are covered in the ACCA Qualification syllabus, which allows you to become a complete finance professional and work your way to the top of an organisation.

Q: I HAVE NO PREVIOUS FORMAL QUALIFICATIONS – CAN I STUDY ACCA ?

A : If you have no formal qualifications, you can begin the ACCA qualification by enrolling as Foundations In Accountancy Student.

Q I HAVE JUST COMPLETED MY SCHOOLING.
CAN I STUDY ACCA?

To begin studying ACCA after school, you must have the following

• Two A Levels and three GCSEs (or their equivalent)
• These need to be in five separate subjects including English and Mathematics

OR
If you hold any of the following certificates providing passes are held in 5 subjects (at least 3 in Year XII) including English and Mathematics / Accounts, mark of 65% in at least 2 subjects and over 50% on the others.

• 10+2
• India School Certificate
• Intermediate Certificate
• Higher School Certificate
• Higher Secondary Certificate
• All India Senior School Certificate
• Pre-University Course

Q I HAVE COMPLETED AN UNDER GRADUATE/POST GRADUATE/OTHER PROFESSIONAL QUALIFICATIONS – CAN I GET ANY EXEMPTIONS?

A: If you have completed your bachelors, masters or hold qualification from other bodies, then you will be entitled to exemptions. To check how many exemptions you can claim, please click on the link below and enter your institute name. Follow the steps thereafter to find out your exemptions. However, please note that until you are registered with ACCA as a student the exemptions will not be finalized or reflected on your account.

www.accaglobal.com/exemptions

Indian CAs :

If you are an Indian CA since May 2003 or a passed finalist then you are exempted from 9 papers out of the 14 in the ACCA qualification. You are directly eligible to begin your ACCA qualification at the professional level and progress to your ACCA membership through just 5 papers. If you are an IPCC cleared student then you are eligible to get
exemptions from F1-F3 papers of the ACCA qualification.

Q: WHY SHOULD INDIAN CA’S STUDY ACCA?

A: The ACCA qualification helps Indian CA’s in the following ways International recognition – Indian CAs also studying the ACCA qualification broadens their career options. As an ACCA member, they are able to undertake more diverse roles, work in more diverse industries as well as work with multinational organizations that require expertise of finance professionals who are trained with international standards. Flexibility – an Indian ACCA needs to give only 5 papers (professional level) of The ACCA Qualification in order to gain their ACCA membership. The CA articleship counts towards the ACCA Practical Experience Requirement (PER). Exams – exams are not held in groups. You will only reappear for modules you haven’t cleared when appearing for ACCA exams.

Q: WHERE CAN I STUDY ACCA IN INDIA?

A: London School of Business & Certified Accountants ( LSBCA ) is teaching ACCA in India at Chandigarh and Delhi since 2006. For more details visit www.lsbca.com / mailto: info @ lsbca.com / call to 09541120113

Q WHAT IS THE TIME FRAME TO COMPLETE ACCA?

A: The ACCA qualifications have 14 papers in total. You can take exams twice a year and up to 4 exams in each session. Keeping this in mind, you can finish your exams in a minimum of 2.5 years. You may also get some exemptions depending on your previous qualifications which mean you can also complete
the qualification sooner. However, in order to attain the ACCA membership, you should
also complete the Ethics modules and have 3 years or 36 months practical work experience which you can gain before, alongside or after your studies.

Q : DO I HAVE TO GIVE EXAMS IN INDIA OR UK?

A: Exams can be taken in India at any/nearest British Council. LSBCA is a ACCA approved computer base exam centre since 2008 in Chandigarh.

Q: WHAT ARE COMPUTER BASED EXAMS?
WHY SHOULD I GIVE THEM?

A: Computer-based exams (CBEs) are available for the first seven Foundation-level exams. These are the exams required for the Introductory Certificate in Financial and Management
Accounting (FA1, MA1); the Intermediate Certificate in Financial and Management Accounting (FA2, MA2); and the Diploma in Accounting and Business (FAB, FMA and FFA).
These exams are also required for the Certified Accounting Technician qualification. CBEs are also available for the ACCA Knowledge module exams (F1, F2 and F3) and F4 of the ACCA Qualification.

Q : WHAT DO I HAVE TO DO ON TOP OF THE ACCA QUALIFICATION TO ACHIEVE THE BSc DEGREE FROM OXFORD BROOKES?

A: If you didn’t study an undergraduate degree course at university, then you can still have the chance to gain a degree while studying to become a qualified accountant with ACCA. We have a partnership with Oxford Brookes University. This means you can gain a BSc (Hons) degree in Applied Accounting while you work towards achieving your ACCA Qualification. And you won’t have to double your workload. It is the perfect way to enhance your ACCA Qualification and broaden your skills set.

To attain your BSc degree, you must:

• Be registered with Oxford Brookes University ie opted-in to the BSc degree scheme before passing any of the three ACCA Fundamentals papers, F7, F8 and F9. You are not eligible for the degree if you have claimed exemptions from any of these papers.

• Pass the three ACCA Fundamentals papers F7, F8 and F9 and pass the other papers as required to successfully complete all nine Fundamentals level papers.

• Complete the ACCA Professional Ethics module according to the Research and Analysis Project submission dates.

• Complete and pass the Oxford Brookes University Research and Analysis Project.
Membership

Q CAN I BECOME AN ACCA MEMBER ONCE I COMPLETE MY ACCA EXAMS?

A: To become an ACCA member, you must

• Clear all the 14 papers (in case you are not entitled to exemptions)
• Complete the online professional ethics module. This can be done during or after the course
• Complete your practical experience requirement (PER) – 36 months of relevant work experience in finance or accountancy role.

Q: What is Additional support from ACCA office ?

A: When you register as an ACCA student you will get access to a range of resources and support, including:
• Student Accountant digital magazine
• Syllabuses and study guides
• past exam papers
• face to face events
• Guidance and support for finding and recording relevant work Experience

What is cost of ACCA in India ?

Cost tuition fee and Books:

Full time students: Rs. 37,500 per paper ( classes 5 days in a week and 4 -5 months in a semester.

Part time and working students: Rs. 22,500 per paper (classes 2 days in a week and 4 -5 months in a semester)

Other cost :

ACCA Registration fee: GBP 79, Annual subscripttion GBP 81, any exemption and exam fee estimated GBP 90 to GBP 111 per papers

Q: I have so many other questions ?

A: Please call us 09541120113 / mail us info @ lsbca.com / talk skpe : narendra.kamal2 / contact in person at

London School of Business & Certified Accountants
SCO. 843 NAC,Manimajra,
Chandigarh 160101,
India

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Varun Kamal (CA Job) (23 Points)
Replied 16 December 2014

I am Varun Qualified ACCA in 2010 and working in International Bank in Gurgoan. I can share my experinces with you for ACCA qualification. I can give best answers of your qoestions.You are free to call me 09541120113 on Saturday and Sunday or mail me to varun @ lsbca.com. I will must reply for you.

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ACCA Varun Kamal