There are several comparisons between the ACCA and CA curricula. The single most noticeable distinction between them is that CA is a local qualification while ACCA is a foreign qualification or a global professional degree. Here are some differences between the two:
• CA stands for Chartered Accountancy while ACCA stands for Association of Certified Chartered Accountants and is globally recognized.
• The CA course mainly focuses on Finance and Financial Accounting. At the same time, the ACCA course focuses on Taxation, Auditing, Accounts Handling, Management Accounting, etc.
• Depending on the level of complexity of the CA program and the eligibility of the applicants, it may be completed with an additional year of training within three to five years. With ACCA, candidates are expected to complete the course with two to three more years of training in three years.
Eligibility for CA:
o The total percentage of Class 10 should be 60 percent in mathematics and 65 percent in English.
o The total percentage in Class 12 should be a minimum of 65 percent in English and Accounts
o No work experience is required
Eligibility for ACCA:
o Senior secondary level education in Mathematics or an undergrad in Commerce
o Work experience required
• The curriculum for CA includes three levels: Foundation, Intermediate, and Final The curriculum for ACCA includes two levels: Fundamentals and Professionals
• ACCA aspirant has to attend a total of 20 papers, and an ACCA aspirant has to attend a total of 14 papers.
• When it comes to flexibility, The CA curriculum is not versatile, and a minimum of one group at a time must be attempted by students. ACCA can be much more versatile than the CA course, as each attempt encourages students to try a single paper.
Which is tougher?
It is no surprise that the CA course is commonly considered to be harder than ACCA, considering the number of years, the number of papers, course levels, and the versatility of both courses. But, this is a completely subjective topic, and the results can differ from case to case.
The flexibility in terms of tests and papers is one of the reasons why ACCA is slightly easier to handle than CA. Subjects are grouped in CA. So, you will have to rewrite all the subjects in that group again if you fail a subject in that group. On the other hand, in ACCA, you will only have to retake the specific subject if you fail an exam and attempt it at your convenience.
Which is better?
Both courses have their unique features, making them one of the most common finance and professional accounting courses. However, both courses can be put at distinct levels when it comes to job opportunities in India vs. abroad.
Who earns more CA or ACCA?
So, the initial salary offered to Chartered Accountants is usually higher than that of ACCA. The average initial salary of a CA in India is up to INR 8 LPA or above and for an ACCA, it is up to INR 5.7 LPA.
Which has more job opportunities CA or ACCA?
But since CA is a local qualification, it is well-recognized in India and offers relatively more when it comes to local career opportunities. However, when it comes to global recognition and career opportunities, ACCA has the upper hand in comparison to CA.
Is ACCA easy after CA?
Conclusion. The ACCA Qualification is a global one. Its entry requirements and study options are very flexible. The level of difficulty is medium compared to the CA course.
Is ACCA high in demand?
ACCA professionals are highly in demand to fill the job roles in the field of Finance and Accounting, including Financial Accountants, Financial Analysts, Financial Controllers, etc. ACCA professionals can find jobs as Commercial Finance Managers, Associates, Finance Directors, etc.
Which field of ACCA is best?
Accountant (practice)
Working in accountancy practice provides a broad experience across different industries, companies, and sectors. This variety makes it a popular ACCA career opportunity for many students.