CCA exemptions for CA
Chartered Accountants (CAs) may be eligible for exemptions from certain ACCA exams based on their prior qualifications. For detailed information, visit the CA page.
Difference between ACCA and CA
Feature
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ACCA
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CA (Indian Chartered Accountant)
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Focus
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Emphasises global accounting standards (IFRS) and broader financial management
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Concentrates on Indian accounting principles, taxation, and corporate law
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Recognition
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Recognised in over 180 countries worldwide
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Primarily recognised within India
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Career Path
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Opens opportunities in international roles and multinational organisations
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Focuses on careers in Indian firms, audit practices, and tax consultancy
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Auditing Rights
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Does not authorise signing audited financial statements in India
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Grants statutory rights to sign audits in India
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Flexibility
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Offers self-paced learning with exams held four times a year
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Follows a structured exam schedule with mandatory articleship
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Entry Eligibility
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Can be pursued after completing Class 10
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Generally requires completion of Class 12 (+2)
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5 reasons why you should do ACCA after CA
1. International opportunities: ACCA provides global recognition and opens up career opportunities in numerous countries, allowing CAs to work internationally.
2. Skill set expansion: Pursuing ACCA after CA helps in acquiring a broader skill set, including knowledge of international accounting standards and practices.
3. High compensation: ACCA qualification can lead to higher earning potential and better compensation packages compared to national qualifications alone.
4. Chance to work for top firms: ACCA is highly valued by top accounting and finance firms worldwide, increasing the chances of working with prestigious companies.
5. An accelerated learning pathway: Chartered Accountants can complete ACCA in a shorter time due to exemptions, making it an efficient way to gain an additional qualification.
Conclusion
Becoming a Chartered Certified Accountant (ACCA) offers numerous benefits, including global recognition, enhanced career opportunities, and higher earning potential. It complements the Chartered Accountancy (CA) qualification by expanding skills and opening international doors. For financial support during your studies, consider exploring a CA loan or a professional loan to manage your expenses and further your professional growth.