When it comes to comparison between CA a ACCA, there is no better or worse. Both are professional courses, having their own perks and drawbacks. Keeping your long term and short term goals in mind, you have to decide which one is the best fit for you. Besides, both can be done either simultaneously, or one after the other. CAs will always have demand in the Indian market because they are well versed with the Indian Accounting Standards, Tax system, etc. Let’s begin with  the examination process. As we all are well aware, the Indian CA course is infamous for it’s  extremely low passing rates. Comparatively, the passing rates in ACCA are higher. As you may know, the Indian CA qualification requires students to attempt examinations in ‘groups’. For example, the Final CA exam is split into 2 groups. Each Group has 4 exams. You may appear for both Groups in a single attempt, or appear separately.Let us assume you appear for Group 1. That’s 4 papers of 100 marks each. The pass mark required for ICAI examinations is 40%. A great challenge faced by most of the students is the fact that it is compulsory to pass ALL 4 papers AND score a total of 200 of 400 marks. This means there are 2 requirements to fulfil. The first – the minimum a student must earn is 40 of 100 in each paper. A 39 or lesser in 1 of the 4 papers is considered fail for the ENTIRE Group, and the student must re-appear for the 4 papers again.The second – of the 4 papers, the aggregate marks must be 200. A student can earn 50 marks per paper, or 40 in 2 papers and 60 in the other 2, or any permutation that earns him a total of 200. If he gets 45 in all 4 papers, that would get his total to 45×4=180 marks. This is considered as fail for the ENTIRE Group, and the student must re-appear for the 4 papers again.Of course, there are certain reliefs, such as obtaining more than 60% in any single paper entitles you to be exempted from re-appearing for that particular paper, etc.it is primarily for this reason that clearing the CA qualification is so highly regarded, and CAs have such respect and stature in the market.ACCA has no such system. The pass mark is 50%. There are 14 exams, and one may attempt 1, 2, 3 or 4 at a time. If a student attempts 3 and passes 2 of the exams, he or she would need to reappear for ONLY the 1 exam which was not cleared.This makes ACCA more flexible in terms of a student choosing to appear for the number of exams at a pace the student is comfortable. If a student has less time during the next 6 months, he or she may opt to appear for only 2 papers, or can appear for 4 papers if he or she has an abundance of time to spare in the next few months. Both the Indian CA and the ACCA requires 3 years of work experience to become eligible for membership.The Indian CA requires a minimum work experience of 2 years before the student can appear for the Final CA level. This helps them better prepare for the final papers.The ACCA holds no such restriction. You can have relevant work experience before, during, or after your examinations. You can work in between a few exams, take a break, switch firms or companies (provided you can keep securing jobs), and complete the examinations as well as the work experience at the student’s pace. So all in all, ACCA has a much more flexible and student friendly framework. The syllabus of both the courses are pretty much at par, barring the taxation subject, as ACCA teaches international taxation, whereas the CA course gives you a complete picture of the Indian Taxation system. ACCA involves studying International Financial Reporting Standards (IFRS), and CA teaches Indian Accounting Standards (IAS). With respect to the level of difficulty, Indian CA is vast in its syllabus, and difficult to achieve the pass mark for each level. The knowledge gained is extensive and the value perceived is very high.The ACCA course  is application based. This means the students must learn the concepts of the subject, but use the concepts in case scenarios as if they occurred in our practical life. And this is what can prove valuable once you start working. CA definitely consists more of memorizing and rote learning. Thus, which one you’ll find more difficult depends on you. Now let’s look from the professional point of view. If you plan to stay in India, open up and run a CA firm, or become a partner in a CA firm here, then you must opt for Indian CA. The primary reason here is that only members of the ICAI (Indian CA) have signing authority in India. Further, no finance qualification provides you with more knowledge about the Indian economy (Indian tax, Indian Law, etc.) than CA. In companies such as the Big 4 and similar MNCs, ACCA is considered equivalent to CA in many departments such as Accounting Advisory, Audit, Transfer Pricing, Risk Advisory, Internal Audit for qualified freshers. Although the ACCA course is a little more on the expensive side as compared to the Indian CA course, If you wish to get good, in depth knowledge of Accounting in a lesser amount of time and in a more flexible manner, ACCA is the right pick for you. It gives you chances to bag a good job in International corporates and banks in India, whilst keeping your option of working overseas open. Many employers in india will always prefer CAs over ACCAs because of their local accounting knowledge and because they are not aware of ACCA. But the number of employers, who are aware of the ACCA and are open to hiring the same, is growing at a quick pace. So as long as you are working hard to find your desired job, you will. Further, your opportunities to work overseas also remain open.

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