Are you facing any dilemma in deciding which professional course you should pursue after your 12th class or after completing your graduation? Then ACCA is one option for you. ACCA as a professional course holds a global value. It offers qualifications and certifications for accountants and finance professionals. The full Form of ACCA is “Association of Chartered Certified Accountants”, ACCA is a leading international accountancy body. The qualification is respected worldwide and is equivalent to local qualifications in many countries. The ACCA qualification demonstrates your ability in various aspects of business and finance. ACCA opens doors to opportunities worldwide and allows flexibility to explore new areas and skills.
When will you be eligible to pursue the ACCA course?
1. You can apply for the ACCA course just after you pass class 12th with at least 50% of marks and scored at least 65% in total across Accounts, English, and Math
2. You are also eligible to pursue ACCA after completing your graduation.
3. As an ACCA aspirant you must know that you are also granted various exemptions based on your previous qualifications,
4. So, if you are a Bcom graduate then you are eligible to get an exemption for 4 exams, out of a total of 13 exams and if you are a qualified CA then you are exempted for a total of 9 papers out of the scheduled 13 papers.
5. Entering the ACCA course with a previous qualification, is called a Direct Entry Route as you are eligible to at least get exempted from appearing in the ACCA First Level,
ACCA Examination Structure
The ACCA qualification consists of three levels; Let’s see what the three levels are and what respective exams are covered in each level: –
Certainly! Let’s explore the ACCA (Association of Chartered Certified Accountants) exams. The ACCA qualification consists of three levels, each with specific exams:
- The First Level is Applied Knowledge:
- These exams provide a broad introduction to finance and essential accounting techniques.
- The Applied Knowledge exams include:
- Business and Technology (BT)
- Financial Accounting (FA)
- Management Accounting (MA)
- The Second Level is Applied Skills:
- These exams build on existing knowledge and develop practical finance skills.
- The Applied Skills exams cover: –
§ Corporate and Business Law (LW)
§ Taxation (TX)
§ Financial Reporting (FR)
§ Performance Management (PM)
§ Financial Management (FM)
§ Audit and Assurance (AA)
3. The Last and the Third level is Strategic Professional:
o These exams prepare students for leadership positions.
o Students must complete both Essentials exams and choose two Options:
- The below exams are the mandatory exams and as an ACCA student you will not be provided with any choice for them (Essentials), however, we have stated below the list of papers from which you can choose any two depending upon your caliber.
- Strategic Business Reporting (SBR)
- Strategic Business Leader (SBL)
- Options (Choose two):
- Advanced Financial Management (AFM)
- Advanced Audit and Assurance (AAA)
- Advanced Taxation (ATX)
- Advanced Performance Management (APM)
Additional Requirements to be fulfilled by ACCA Aspirants: –
ü ACCA students must complete the Ethics and Professional Module, which develops a range of skills needed for real-world scenarios,
ü Additionally, to qualify as an ACCA member, you need a minimum of 36 months of relevant work experience that can be gathered while you prepare for your exams.
If you are looking forward to kick-starting your ACCA learning journey, then Zell Education is one of the best educational websites that provide ACCA classes with top-class faculties and study materials.
What is the ACCA registration Process?
· The Registration process for ACCA comprises majorly of two steps that include the application process where you are required to submit your proof of identity and other documents. You can apply for ACCA Registration online by visiting the official ACCA website and registering using valid email credentials.
· Next you are asked for fee payment, ACCA course fees in India comprise of the following: –
Ø Registration Fee: Pay the initial registration fee to become an ACCA student.
Ø Exemption Fees: If you’re eligible for exemptions based on prior qualifications, there may be additional fees.
Ø Exam Fees: These vary depending on the number of papers you attempt.
In total, the ACCA fees fall between 2 lakhs to 3 lakhs.
The study curriculum of ACCA might not seem like a cakewalk but with proper coaching and education, as provided by Zell Education it is 100% possible to achieve the ACCA tag at the earliest covering all the conceptual aspects. Once you become ACCA qualified you can easily be placed in the Big4s with an average salary of 16 LPA to 20 LPA. ACCA is globally recognized and provides international work opportunities. Once you qualify for ACCA you get access to world-class resources, forums, and opportunities to learn new skills. ACCA as a profession honors you worldwide, ACCAs are offered reputed jobs. It is a financially lucrative course and as an ACCA qualified you get to work in a diverse market with an attractive salary.
