All about ACCA in 2024! Subjects, Package, Fees, Companies etc | ACCA course full details| ACCA

Summary

This video provides an in-depth overview of the ACCA (Association of Chartered Certified Accountants) qualification, highlighting its global recognition, ease of completion, and potential career opportunities. The speaker compares ACCA with CA (Chartered Accountant), emphasizing its shorter duration, broader international scope, and higher pass percentage. With a minimum eligibility of just passing the 10th grade, the ACCA program is accessible and offers various job profiles in finance, accounting, and taxation. The video promotes JAL Education, offering support such as career counseling, flexible learning, and placement assistance, making ACCA an attractive and viable option for aspiring professionals.

Takeaways

• 😀 ACCA (Association of Chartered Certified Accountants) is a globally recognized qualification, available in over 180 countries, and can be pursued with just a 10th-grade qualification.
• 😀 The ACCA course is easier and faster to complete compared to other professional courses like CA (Chartered Accountancy), taking around 2 years for completion with a higher pass percentage.
• 😀 ACCA provides a wider career scope internationally, offering opportunities in taxation, auditing, finance management, and accounting, with job prospects in over 180 countries.
• 😀 The ACCA qualification involves clearing 15 exams across 3 levels: Knowledge, Skill, and Professional. The exams are relatively easy to pass, with a pass percentage of around 40%.
• 😀 ACCA can be pursued alongside a degree (e.g., BCom or BBA) or even after completing CA Inter or CA Final, making it easier to gain both national and international recognition.
• 😀 The minimum eligibility for ACCA is simply passing the 10th grade, making it accessible for a wider range of candidates.
• 😀 The average time to complete ACCA is 1.5 to 2 years, depending on the individual's prior qualifications and study pace.
• 😀 ACCA holders can work with top global companies like Morgan Stanley, KPMG, Barclays, and Standard Chartered, with over 64,000 jobs available worldwide for ACCA professionals.
• 😀 While CA holders can sign financial reports only in India, ACCA holders can provide financial services globally, especially in regions like the UAE, where ACCA professionals can sign financial documents.
• 😀 On average, an ACCA holder can expect a salary of around 10 to 12 lakhs in India, with higher salaries (up to 25-30 lakhs) in regions like Europe or the US, due to currency conversion and demand.
• 😀 The course offers various EMI options for students and includes a comprehensive support system, with free career counseling, placement assistance, and access to exclusive study batches.

Q & A

What is the ACCA certification and why is it considered a good career choice?

The ACCA (Association of Chartered Certified Accountants) certification is a globally recognized qualification in the field of accounting. It is considered a good career choice because it offers high employability across over 180 countries, provides access to a wide range of job opportunities, and allows for a higher earning potential. The qualification also opens doors to international job markets, making it a popular choice for those seeking to work abroad.

What is the minimum eligibility to enroll in the ACCA course?

The minimum eligibility to enroll in the ACCA course is to have passed the 10th grade (secondary school). This makes it accessible to a wide range of students who are looking to pursue a career in accounting.

How long does it take to complete the ACCA certification?

On average, it takes around 1.5 to 2 years to complete the ACCA certification. However, the actual duration can vary depending on the student's pace and prior qualifications.

What are the three levels in the ACCA certification process?

The ACCA certification process consists of three levels: the Knowledge level, the Skills level, and the Professional level. Each level consists of various exams that need to be cleared to achieve the certification.

What is the passing percentage for the ACCA exams?

The passing percentage for ACCA exams is typically around 40%. This indicates that while the exams are not overly difficult, they still require significant preparation and understanding of the material.

How does the ACCA certification compare to the CA (Chartered Accountant) qualification?

While both the ACCA and CA qualifications are highly respected in the field of accounting, ACCA offers broader international recognition. Unlike CA, which is mostly recognized within India, ACCA is recognized in over 180 countries. Additionally, the ACCA exams are considered less difficult compared to CA exams, with a higher passing percentage and a more flexible structure.

What career opportunities are available for ACCA holders?

ACCA holders can pursue a wide variety of roles including finance management, accounting, auditing, taxation, and consulting. They can work in multinational companies, banks, financial institutions, and government organizations. There are also opportunities to work as tax consultants or financial controllers, with roles available worldwide.

What are the potential salary expectations for an ACCA graduate?

For an ACCA graduate, the starting salary typically ranges from 10 to 12 lakh INR per year. However, depending on the country, the experience, and the company, the salary can go up to 25-30 lakh INR or even higher, especially when working in foreign markets such as Europe and the US.

Can ACCA holders sign financial documents or reports like CA holders?

No, ACCA holders cannot sign financial documents or reports in India as only CA holders have the authority to do so. However, ACCA holders can provide services to clients worldwide and offer financial advice and consulting, especially in countries like Dubai where ACCA holders can sign reports.

What companies hire ACCA holders, and what roles do they typically fill?

Many top companies, such as Morgan Stanley, KPMG, Standard Chartered, and Barclays, actively hire ACCA holders for roles in finance, accounting, auditing, and taxation. ACCA holders can work in diverse profiles like auditors, finance controllers, tax consultants, and management accountants in multinational organizations across the globe.