The association of certified chartered accountants(ACCA) is one of the most wounderful accounting organisation in the world with more than two million members stretch across 179 couyntries.An ACCA qualification can unfold a myriad of career opportunities such as open your business,entering aconsultancy or choosing for a master’s degree in accountancy
Variuos roles
Taking up ACCA needs effort and devotion of time and to be uncertain of what you’d eligible for, after finishing the course is a mistake. Thus, as soon as you are done with your ACCA exams you are qualified to take up any of these careers:
Chartered Accountant: A Chartered Accountant is one that handle all the accounts of the company, audits and also takes care of taxation.Normaly he is an all-rounder. You pick up the course to become one and as soon as you clear all the papers you become one. You are free to proceed it from home or join a company or set up your own company. You have been certified and recognised as one of the most wonderful and respected Chartered accountant of all time. An accountant is a designation no one can tow from you now!
Financial Accountant: A financial accountant’s work is to handle accounts and all the financial outcomes and incomes of a firm along with advising the company on finance related topics. Accountancy is on the tip of your hands and utilise them in the financial sphere is a great scope to enhance your career. Once you are done with the ACCA you can solicit and take up financial accountancy designating yourselves as a financial accountant.
Auditor: An auditor move through the made accounts and the balance sheets of a firm and reviews it for any mistakes. He is same as a editor of accounts. He too has to perform as an investigator so as to try and find the least of mistake. After solve the gazillion questions on auditing you are more than better enough to become an auditor, irrespective of being an external auditor or an internal auditor. The ACCA trains you and specialises in auditing so any work that does not need you to audit (except signing off documents) is not for you.
Management Consultant: A person who employ as a management consultant aims at solve the management problems or any other existing issue in the firm. It advices and provide his suggestion on vital matters in the company. He perform as an answer to all problems. The company seek its advice while formulating the plan for the firm. After utilising your intelligence and intellect to such a high level, you are qualify to become a consultant. You can depart knowledge and assist people decide what is better for them. Management being an vital section of your ACCA course, you can now follow consultancy as a job.
Tax Consultant: A tax Consultant deals with matters according with corporate tax and other kinds of taxes are taken to him. He co-ordinates all the matters relating to taxes and subsidies along with all government ancillary matter. Tax is a important section of the whole program and to not focus in it would be a blunder by the students that enjoy taxation. You can very easily become a tax consultant, employ with MNC’s or SME’s and create a great future using taxation as the base.
Step-by-Step ?
Before taking up any course you must know what topics you would be exposed to and if you are comfortable with learning ACCA. It is compulsary that you and the subject feel comfortable with each other. So first of all we are going to tell you about your subject and the topics that you should be covering to become an ACCA.
You have to clear for 2 levels of exams called Fundamentals and Professionals.
The Fundamental level
It consists of 2 modules: Knowledge and Skills.
The Knowledge module:
There are 3 papers in the Knowledge module which focuses especially on financial and management accounting.
• Accounting in Business
• Management accounting
• Financial Accounting
The Skill Module:
There are 6 papers in the skill module that involves all technical areas that all accountants must know.
• Corporate and Business Law
• Performance Management
• Taxation
• Financial Reporting
• Audit and Assurance
• Financial Management
The Professional level
It consists of 2 modules essentials and options.
The essentials module:
You have to pass all the 3 papers
• Governance, Risk and Ethics
• Corporate Reporting
• Business Analysis
The Options module:
You have to opt 2 papers out of the 4 subjects. Any 2 can be taken.
• Advanced Financial Management
• Advanced Performance Management
• Advanced Taxation
• Advanced Audit and Assurance
Your career path
As we all know that, the ACCA qualification is same as CA (ICAI) certification in India. However, the CA eligibility is a bit too tough to get through. However, the CA eligibility is a must if you wish to employ in one of the Indian companies, open your own business, or become a partner in a CA company. That is so because an Indian CA would have good knowledge about the laws, taxes, policies, Indian economy, etc.
Similarly, if you aspire to employ abroad, then ACCA becomes a must qualification. ACCA job prospects are available across UK, Australia, Dubai, Singapore, etc. Besides, candidates who would like to have expertise and comprehensive knowledge within the finance sector, ACCA works large time.
ACCA India job opportunities and salary
Over the past few years, ACCA India job prospects have increased exponentially. With the enhance of more and more MNCs and Big four companies, there has been a steer increase in jobs for ACCA professionals. There are multiple ACCA career prospects available worldwide. Apart from an accountant, an ACCA experts can work as a financial planner, management consultant, and so on.
Likewise, as more number of candidates are becoming aware of ACCA and its advantages, the demand for the certification exam has raised in the industry.
With such an undercurrent, it is being predicting that India could easily become one of the largest global markets for ACCA. As such, the Indian economy is on the way of enhance and globalization. Due to which, even MNCs and bigger international firms are turning towards India to look professional accountants and ace finance professional.
ACCA salary in India is considerably same as that of a CA professional. An individual with ACCA eligibility can earn an average salary of up to INR eight lac p.a. The pay scale normally ranges between INR four lac p.a. To INR 15 lac p.a. It could go higher too, based upon company’s demands, candidate’s skills, competition, etc.
Which firms are hiring ACCA in India?
ACCA qualified persons get easily placed at Big four companies like EY, Deloitte, PwC, and KPMG. MNCs including Embassy Group, Tata Grant Thornton, and Pepsico as well recruit ACCA India experts. Apart from that, HSBC, Accenture, and Shalimar Paints also do search for accountants having ACCA certification.
Presently, there are more than 180,000 members and around 490,000 candidates from over 170 countries, associated with ACCA. As the popularity of ACCA is rasing, we can see the lot of enrollments and job prospects for the qualification.
ACCA is also very well known as it offers end-to-end knowledge on IFRS (International Financial Reporting Standards), which again is useful worldwide. That is why, ACCA provide great scope and work opportunities not only in India but around the worldwide.
