Choosing between ACCA vs CA is like picking between two-star players on a winning team. Both are champions in the accounting world, each offering unique advantages.
Your decision depends on whether you aim for a global career or aspire to climb the corporate ladder in your home country. The right qualification can shape your future and open new opportunities. So, which one gives you the competitive edge? Let’s explore the strengths of ACCA and CA to help you find the best fit for your career goals.
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ACCA Course Details
ACCA full form is Association of Chartered Certified Accountants. It is a globally recognized professional body for qualified accountants. The ACCA qualification is respected worldwide, focusing on both financial and management accounting. In India, ACCA equips professionals with essential skills such as financial analysis, management consulting, with a strong emphasis on international accounting standards.
CA Course Details
Chartered Accountancy (CA) is a prestigious accounting designation awarded by the Institute of Chartered Accountants of India (ICAI). CAs are highly respected professionals specializing in accounting, taxation, and business law. This qualification holds significant prestige in India and is often linked to top-ranking roles in finance and accounting.
Difference Between ACCA vs CA
| Criteria | CA (Chartered Accountant) | ACCA (Association of Chartered Certified Accountants) |
|---|---|---|
| Recognition | Primarily in India and a few other countries | Globally recognized in over 180 countries |
| Duration | 4-5 years (if cleared on the first attempt) | 3-4 years (if cleared on the first attempt) |
| Exam Levels | 3 Levels (Foundation, Intermediate, Final) | 3 Levels (Applied Knowledge, Applied Skills, Strategic Professional) |
| No. of Exams | 20 papers across 3 levels | 13 papers across 3 levels |
| Pass Criteria | 40% in each paper, 50% aggregate in groups | 50% pass marks per paper |
| Career Opportunities | Taxation, Finance, Corporate Accounting | Finance, Accounting, Consulting, Banking |
| Eligibility | After the 12th or Graduation | After 10+2 or Graduation (with potential exemptions) |
| Geographical Scope | Primarily India | Anywhere among the 180 countries |
Both of these courses can pave the way for a successful career in accountancy. However, it’s important to note that ACCA professionals in India cannot perform services exclusively reserved for certified CA professionals. Despite this, both qualifications offer excellent career opportunities, attractive job roles, and competitive salary packages in the corporate world. To better understand the key differences between CA vs ACCA, here’s a detailed comparison.
ACCA or CA which is better for your career
The choice between CA and ACCA depends on your career goals and geographical preferences. ACCA has a strong international presence in 180+ countries, making it a great option for those looking to work abroad or join multinational corporations. It offers flexibility, allowing candidates to study and work simultaneously.
With a broad syllabus covering global financial standards, ACCA provides extensive international exposure. In contrast, CA is a highly prestigious qualification in India, making it the ideal choice for those seeking a career within the country. It offers deep expertise in local regulations and business laws, ensuring strong professional credibility in the Indian financial sector.
Benefits of ACCA and CA
| Aspect | CA Benefits | ACCA Benefits |
|---|---|---|
| Career Opportunities | High demand in domestic firms, public accounting, and regulatory bodies. Offers strong career prospects within India | Recognized in 180+ countries, providing global job opportunities with international organizations. |
| Training & Expertise | Rigorous training prepares professionals to handle complex accounting tasks with precision. | Comprehensive syllabus covering financial and management accountancy, taxation, and financial management. |
| Regulatory Knowledge | Offers in-depth knowledge of national regulations, ideal for careers in public accounting, taxation, and regulatory compliance. | Focuses on international accounting standards, making it ideal for those seeking global exposure. |
| Study Flexibility | Structured training with a fixed pathway and articleship requirement. | Offers flexible study options: online, distance learning, or classroom-based. |
| Professional Growth | Strong industry recognition within India with opportunities in finance and business leadership. | Ensures continuous professional development through a global network, enhancing career growth. |
CA vs ACCA Course Duration
| Course Level | ACCA Duration | CA Duration |
|---|---|---|
| Foundation | Applied Knowledge: 6-12 months | Foundation: Minimum 4 months study period |
| Intermediate | Applied Skills: 12-18 months | Intermediate: 8-month study period after Foundation or direct entry post-graduation |
| Final | Strategic Professional: 12-18 months | Final: 3 years of Articleship training to attempt the final exam |
| Total Duration | 2-3 years (depending on exemptions and study pace) | 4-5 years (if cleared on the first attempt) |
CA vs ACCA Eligibility Criteria
CA Eligibility
Educational Requirement: A candidate must have completed 12th grade with a minimum of 50% or possess an equivalent qualification. The entry requirements may vary based on the CA body of the respective country, such as ICAI in India.
Work Experience: To become a CA, candidates are required to complete 3 years of articleship in a relevant field.
ACCA Eligibility
Basic Qualification / Education Requirement: The minimum qualification for an entry-level candidate is a high school diploma or its equivalent. However, graduation is required to complete the ACCA qualification.
Work Experience: No work experience is needed initially. However, to achieve ACCA membership, a practical experience of 3 years is mandatory.
CA vs ACCA Exam Format
CA Exam Format
| CA Course Level | Details |
|---|---|
| CA Foundation | Total of 4 papers, each for 100 marks |
| Exams include a mix of objective and subjective questions | |
| Pass Percentage: Minimum 40% in each subject and 50% aggregate | |
| CA Intermediate | Two groups with a total of 8 subjects (4 subjects per group) |
| Each paper is for 100 marks | |
| Pass Percentage: Minimum 40% in each subject and 50% aggregate in each group |
ACCA vs CA Syllabus
| Course Level | ACCA Syllabus | CA Syllabus |
|---|---|---|
| Foundation | Business, Financial Accounting, and Management Accounting | Principles of Accounting, Business Laws, Economics, and Quantitative Aptitude |
| Intermediate | Performance Management, Taxation, Financial Reporting | Corporate and Other Laws, Taxation, Costing, and Financial Management |
| Final | Advanced Financial Management, and Strategic Business Leadership | Strategic Financial Management, and Indian Corporate Laws |
CA vs ACCA Salary
CA Salary
A newly qualified CA in India can expect an annual salary of up to ₹8,00,000. With more experience, professionals can earn significantly more, especially when working with multinational companies. The CA qualification is highly respected, offering lucrative positions in taxation, and financial management.
CAs practicing abroad, particularly in countries like the UK, Canada, and Australia, receive higher remuneration, which can vary based on the region. Senior roles or specialized expertise often command even more substantial salaries.
ACCA Salary
The starting salary for an ACCA professional in India typically ranges up to ₹12,00,000 per annum. Compensation varies depending on experience, location, and the organization. ACCA members are in high demand across industries such as banking, financial services, and consulting, with MNCs offering competitive salary packages.
ACCA professionals tend to earn significantly higher salaries abroad. In countries like the UK, UAE, and Singapore, they can expect to earn more than standard graduates. Even higher earnings are possible in senior positions or specialized fields such as investment banking or management consulting.
CA vs ACCA Opportunities
CA Opportunities
Audit and Assurance: Opportunities to work with the big four or multinational corporations, or to start your practice offering audit and assurance services.
Taxation: Specialize in roles related to tax planning, compliance, and advisory in corporations, tax consultancies, and more.
Financial Management: Careers in financial analysis, reporting, and strategic planning across various industries, including the government sector.
ACCA Opportunities
Financial Reporting: Positions focused on preparing and analyzing financial statements for multinational corporations and financial institutions.
Internal and External Audit: Opportunities in audit firms and corporate audit departments, with a focus on internal controls and compliance.
Management Accounting: Roles in budgeting, forecasting, and strategic management across various organizations worldwide.
CA vs ACCA Salary
CA Salary
A newly qualified CA in India can expect an annual salary of up to ₹8,00,000. With more experience, professionals can earn significantly more, especially when working with multinational companies. The CA qualification is highly respected, offering lucrative positions in taxation, and financial management.
CAs practicing abroad, particularly in countries like the UK, Canada, and Australia, receive higher remuneration, which can vary based on the region. Senior roles or specialized expertise often command even more substantial salaries.
ACCA Salary
The starting salary for an ACCA professional in India typically ranges up to ₹12,00,000 per annum. Compensation varies depending on experience, location, and the organization. ACCA members are in high demand across industries such as banking, financial services, and consulting, with MNCs offering competitive salary packages.
ACCA professionals tend to earn significantly higher salaries abroad. In countries like the UK, UAE, and Singapore, they can expect to earn more than standard graduates. Even higher earnings are possible in senior positions or specialized fields such as investment banking or management consulting.
CA vs ACCA Pass Rate
CA Pass Rate
The passing percentage for CA is notably lower compared to ACCA, typically ranging between 10-20% in each exam group, particularly in India. Overall, the CA course is considered highly intensive.
With a comprehensive syllabus covering three levels— CA Foundation, CA Intermediate, and CA Final — the low pass rates highlight the complexity and the depth of knowledge required to succeed. This difficulty contributes to the high prestige of the CA qualification within India.
ACCA Pass Rate
The typical ACCA pass rate across its various papers ranges from 40% to 50%. The exams are divided into three levels: Applied Knowledge, Applied Skills, and Strategic Professional. One of the reasons for the relatively higher pass rates is the flexible exam structure, which allows candidates to take exams at different times. The ACCA syllabus covers a broad range of topics, with a strong focus on ethics and professional skills, preparing candidates to be well-rounded finance professionals.
CA vs ACCA – Which is a Better Career in India?
CA holds a strong reputation in India, offering excellent career opportunities in Indian taxation, and law. On the other hand, ACCA is gaining popularity among multinational corporations (MNCs) due to its alignment with international standards like IFRS. While CA is ideal for roles focused on the Indian market, ACCA is better suited for global organizations operating in India.
CA vs ACCA – Which is a Better Career Abroad?
ACCA is recognized in over 180 countries, making it an excellent choice for those seeking international job opportunities. In contrast, the Indian CA qualification is primarily based on local law, limiting its direct value outside India unless supplemented with additional credentials. ACCA is the preferred option for individuals aiming to pursue a global career.
CA vs ACCA – Which Course is Beneficial?
CA is more suited for roles within Indian firms, as it provides in-depth knowledge of local taxation and financial systems. However, ACCA is more advantageous for those seeking international roles or positions with MNCs. Its global recognition and emphasis on IFRS give candidates a competitive edge and enhance their resumes.
How to Become an ACCA in India
1. Meet Eligibility Requirements:
● Minimum 10+2 (High School) qualification with subjects like Mathematics and English.
2. Register with ACCA:
● Apply through the official ACCA website.
● Submit required documents (academic certificates, ID proof, photographs).
3. Complete the ACCA Exams:
● Pass 13 exams across three levels: Applied Knowledge, Applied Skills, and Strategic Professional.
● Exams can be taken at your own pace.
4. Gain Practical Experience:
● Obtain 3 years of relevant practical experience, either before, during, or after exams.
● The experience must be supervised and verified by a qualified professional.
5. Complete the Ethics and Professional Skills Module:
● Complete this online module to enhance your ethical and professional skills.
6. Receive ACCA Qualification:
● After fulfilling all requirements, you will be awarded the ACCA qualification and can use the ACCA designation professionally.
