ACCA Vs CPA : Difference & Which is Better Career Option?

What is ACCA? 

ACCA stands for Association of Chartered Certified Accountants. This is a globally recognised professional body that accredits accountants across the globe. ACCA-qualified professionals are globally accepted to work as accountants in big multinational firms. ACCA body was founded in 1904 to widen the scope of accountancy across the globe. ACCA-qualified professionals are equipped with business and finance skill sets in the field of accounting. 

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What is CPA?

The full form of CPA is Certified Public Accountant. CPA is often considered to be equivalent to the course of CA  in English-speaking countries. CPA-qualified professionals are legally allowed to practice accounts across the globe. CPAs are qualified to prepare tax returns, conduct audits and investigations, help clients make financial decisions, and review records to ensure accuracy. 

Difference Between ACCA and CPA

Both ACCA and CPA are widely accepted accounting qualifications. However, ACCA is an accounting qualification that is accepted globally. While the CPA qualification is primarily focused on the United States. ACCA has more exams than CPA. However, ACCA exams do not have any sequence while CPA exams need to be taken in a particular sequence. ACCA graduates can pursue jobs in banking, auditing, consulting, taxation, and law, while CPAs can pursue jobs in finance, tax accounting, and public accounting

Syllabus 

ACCA course subjects are designed to focus on the detailed planning and study of business accounting. The syllabus has been so designed that it can focus on both theoretical and practical understanding of business accounting. 

ACCA syllabus includes three levels that include Applied Knowledge, Applied Skill Level, and Strategic Professional Level. 

Applied Knowledge 

Business Technology (BT)

In this paper, you dive into the basic principles of business and how they blend with today’s technologies. 

• Understanding the organizational structure, leadership, and management within a business.
• Exploring the environmental factors affecting business operations.
• Delving into accounting principles and functions in the business context.
• Examining control processes in accounting and finance within a business.
• Effectively managing a business, including its resources and finances.
• Developing efficient teams and optimizing business functions.

Management Accounting (MA)

While attempting this paper, you’ll learn essential principles and the skills needed to make decisions that truly benefit your organization. 

• Understanding the concept of cost and management accounting.
• Exploring types of costs, their behavior, and associated goals.
• Grasping the fundamentals of business mathematics and spreadsheets.
• Applying cost accounting techniques and conducting calculations.
• Engaging in costing, budgeting, planning, and analysis within a business context.
• Implementing management techniques for informed decision-making.

Financial Accounting (FA)

With this paper, you learn the basics of managing money wisely. We explore the rules and guidelines that govern how financial statements are created and presented.  

• Exploring the principles of financial accounting.
• Utilizing double-entry accounting methods.
• Understanding the basics of financial reporting.
• Preparing journals, ledgers, and trial balances.
• Handling financial data and preparing financial statements.
• Analyzing income, cash flow statements, and balance sheets.

Applied Skill Level 

Corporate & Business Law (LW)

The Corporate and Business Law paper examines the rules businesses need to follow. This includes essential business and corporate law topics that help you make smart decisions. The paper is called LW Shortly and is known as the F4 paper of the ACCA curriculum.

• Examining the comprehensive framework of the legal system
• Exploring laws about business, companies, and financial affairs.
• Understanding the establishment and structure of business organizations.
• Addressing capital, business finance, and the regulation of companies.
• Analyzing the application of Company Law acts within the business context.
• Examining the application of Business Law acts within the business environment.

Performance Management (PM)

 The paper is called PM Shortly and is known as the F5 paper of the ACCA curriculum.

• Understanding cost accounting principles and various methods.
• Applying financial data for decision-making, business forecasting, and planning.
• Utilizing business mathematics and statistics for analysis.
• Implementing standard costing, variance analysis, and other statistical tools.
• Conducting performance evaluation and management in a business setting.
• Integrating quantitative and qualitative data for assessing business performance.

Taxation (TX)

This paper prepares students to deal with the intricacies of business taxes. The paper is called TX Shortly and is known as the F6 paper of the ACCA curriculum.

• Understanding the concepts of taxation and exploring tax systems worldwide.
• Examining taxes on capital, profits, income, and business.
• Performing computations for both personal and business taxes.
• Understanding the structure and functioning of corporation tax.
• Analyzing income tax, capital gains tax, and value-added tax.
• Using the tax framework of the UK as a reference for other countries.

Financial Reporting (FR)

The paper is called FR Shortly and is known as the F7 paper of the ACCA curriculum.

• Creating financial statements for a business.
• Examining and interpreting financial statements.
• Utilizing ratio analysis and other analytical tools.
• Adhering to regulatory requirements for financial reporting.
• Conducting financial reporting based on prepared statements.
• Communicating financial information to various stakeholders of the business.

Financial Management (FM)

This paper helps you learn how to make smart financial decisions and effectively handle money matters.  

• Understanding the concepts of financial management.
• Assessing the valuation of businesses and associated parameters.
• Effectively managing the finances and capital of a company.
• Skilfully handling the working capital of a business.
• Conducting financial risk analysis for businesses.
• Exploring the economic life cycle of a business.

Audit and Assurance (AA)

 The paper is called AA Shortly and is known as the F9 paper of the ACCA curriculum.

• Exploring the principles of auditing and the processes involved in conducting an audit.
• Examining regulations related to auditing.
• Identifying areas for auditing and establishing parameters for the audit.
• Managing business risk and identifying risks through the audit process.
• Implementing quality assurance processes for a business.
• Performing audits and preparing audit reports.

Strategic Professional Level 

Strategic Business Leader (SBL)

This paper focuses on building strategic and leadership skills in real business situations.  

• Optimizing the management of an organization for enhanced efficiency.
• Understanding the roles and functions of governance within the realm of management.
• Establishing an ethical framework to guide professional values and decision-making.
• Integrating business strategies with corporate governance principles.
• Formulating internal control policies and implementing audit procedures for development.

Strategic Business Reporting (SBR)

 The paper is called SBR Shortly and is known as the P2 paper of the ACCA curriculum.

• Establishing a framework for financial reporting within a business context.
• Examining the intersection of corporate governance and financial reporting.
• Assessing potential financial reporting issues and their consequences.
• Analyzing the impact of changes in accounting regulations on financial reporting.
• Keeping abreast of current accounting and audit developments and their implications for businesses.
• Utilizing case studies to navigate complex business reporting environments.

Advanced Financial Management (AFM)

  The paper is called AFM Shortly and is known as the P4 paper of the ACCA curriculum.

• Exploring business investments and the financial industry’s structure.
• Familiarising with investment banking, acquisitions, and mergers.
• Understanding financial and regulatory approaches to restructuring companies.
• Engaging in fund management, treasury functions, and advanced risk management.
• Examining the intersection of business finance, the economic environment, and global trade.
• Exploring emerging concepts in finance and financial management.

Advanced Performance Management (APM)

 The paper is called AFM Shortly and is known as the P5 paper of the ACCA curriculum.

• Implementing strategic planning and control models to navigate the effects of risk and uncertainty.
• Assessing and appraising the design elements inherent in performance management systems.
• Optimizing strategic performance measurement methodologies.
• Examining external factors and economic conditions to conduct a comprehensive analysis.
• Exploring real-world case studies showcasing effective business performance management strategies.

Advanced Taxation (ATX)

The paper is called ATX Shortly and is known as the P6 paper of the ACCA curriculum.

• Understanding the UK taxation system and tracing the origins of other tax systems.
• Examining various facets of the contemporary tax system.
• Analyzing the effects of taxes and the interplay between different tax types, focusing on business taxes.
• Developing strategies for tax planning in the context of business operations.
• Exploring the International Taxation framework, including Customs and other duties.
• Illustrating complex tax planning systems through case studies.

Advanced Audit and Assurance (AAA)

The paper is called AAA Shortly and is known as the P7 paper of the ACCA curriculum.

• Exploring sophisticated concepts in auditing within the regulatory framework.
• Conducting audits of intricate financial statements.
• Generating elaborate and thorough audit reports for business entities.
• Utilizing analytical tools and techniques for interpreting audit reports effectively.
• Engaging in assurance reporting for various assurance engagements.
• Examining real-world case studies depicting audit and assurance reporting in complex business scenarios.

CPA Syllabus 

The CPA syllabus covers a wide range of topics, including: 

• Auditing and Attestation (AUD): Covers auditing processes, ethics, and risk appraisal
• Business Environment and Concepts (BEC): Covers corporate governance, economic concepts, and IT systems
• Financial Accounting and Reporting (FAR): Covers financial reporting, including US Generally Accepted Accounting Principles (GAAP) and International Financial Reporting Standards (IFRS)
• Regulation (REG): Covers federal taxation, business law, and professional responsibilities

Exam Pattern 

Exam Pattern of ACCA 

The ACCA exam pattern includes mostly MCQs type of question set. The exams are 2 hours long in duration. Three levels of exams include Applied Knowledge, Applied Skill Level, or Strategic Professional Level. These exams are flexible which means you can take these exams at any given time. 

Exam Pattern of CPA 

The Certified Public Accountant (CPA) exam is a four-part test that consists of multiple-choice questions, task-based simulations, and written communication.

Course Duration for ACCA vs. CPA

Completion of the ACCA course can take up to three to four years. However, this duration can vary depending on how fast you can take up the syllabus or have any prior experience. 

Completion of CPA can take up to 18 to 24 months which includes a four-part assessment section. 

Recognition 

Both ACCA and CPA would give you global recognition ensuring that you are accredited to work in business accounting in part of the world. After qualifying for these exams, you can grab a job opportunity across the globe. 

Exam Dates 

A student can take an ACCA exam at any given time frame. The ACCA exams take four cycles in a year. Based on your learning capacity you can be able to complete the exam of ACCA. 

The exam dates for CPA are as follows for 2025: 

• April 1–30 
• June 1–30 
• July 1–31 
• October 1–31
• January 1–31 

Jobs for ACCA

There are several job profiles for ACCA because of its global recognition. These job profiles include Accountant, Financial Analyst, and Forensic Accountant. 

On the other hand, CPA-qualified professionals can work in any accounting firm, corporate finance, or even government agencies. 

ACCA full form is Association of Chartered Certified Accountants and CPA means Certified Public Accountant, many of you must be wondering which one is better. Who earns more ACCA or CPA? Can I do ACCA and CPA together? There are plenty of questions that come into mind when you think about choosing a course between ACCA and CPA. While Certified Public Accountant (CPA) makes you a Chartered Accountant of the US, the Association of Chartered Certified Accountants (ACCA) course makes you a global Chartered Accountant. This means you can practice Chartered Accountancy in 180 different countries. Before we get into the differences, there are some similarities between the two courses that you should take note of before you make your final decision. 

If becoming a Chartered Accountant is what you’ve been aiming for, with these two courses you can fulfill your dream, as they both allow you to practice Chartered Accountancy overseas. Additionally, these two courses hold immense prestige in the world of accountancy. Professionals with this degree are welcomed into the corporate world with interesting job opportunities and impressive salary packages. However, to know more about the differences between these two accounting courses, here’s a detailed differentiation between ACCA vs CPA in India.

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ACCA vs CPA

Is ACCA Harder than CPA?

A question that’s often asked by several students; the toughness of the syllabus along with the number of papers that one needs to appear for, really makes a difference. While both the courses are tough to clear in their places, here are some differentiating factors that help us understand which course might be easier to take up and clear.

Looking at these numbers you may think that both these papers are equally tough, however, there’s a possibility of completing US CPA in a shorter period due to the number of papers that you need to appear for. In both these courses, the professionals are well-versed with IFRS which is the international accounting standard. ACCA Course has about 16 subjective exams and US CPA Course has all 4 objective-based examinations.

What has Better Scope ACCA or US CPA?

When it comes to better scope in a career for ACCA or CPA, both these courses are globally recognized and add value to your accounting career. As per certain renowned universities, US CPA is considered to be more prestigious than ACCA as the entry requirement for CPA is equivalent to a master’s degree with stringent work experience that needs to be showcased. But when it comes to scope, here are parameters that you should take a look at.

Average Salary of an ACCA professional 

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Average salary of a US CPA in the US

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Top employers of ACCA and US CPA?

From the above comparison, your weighing scales must probably be favouring ACCA due to the opportunities and high salary package it has to offer. But, we’d recommend you hold on just for a bit and check out the top hiring firms for these two professions and then make your final decision. Since it’s going to be the decision of a lifetime, it’s best to consider all parameters. So here’s another interesting comparison of the companies that might require your skillset after you choose any of these courses. And what they are willing to offer.

Top Hiring firms for ACCA

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Top Hiring firms for US CPA

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What are the Eligibility Criteria for ACCA and US CPA?

Now that you’ve got a fair idea of the job opportunities, scope, salary, and other details of the ACCA, it’s time to consider how difficult it would be to take up these courses. And by that, we mean considering the ACCA eligibility criteria. Here are some of the eligibility requirements you need to fulfill before you can qualify as an ACCA or US CPA professional.

Which course is better, ACCA or US CPA?

Both the accounting courses Certified Public Accountant (CPA) and Chartered Accountant of the Association of Chartered Certified Accountants (ACCA) are equally important in their places. While US CPA is a USA-based course, ACCA is a UK-based course and will enable you to get better opportunities in that country. So based on your learning, opportunity, growth, work, and living preferences, you should make a choice that suits you the best. And no matter what course you choose, we at Zell Education will be there to guide you.

The ACCA qualification is recognised in over 180 countries including Canada, Singapore, and Australia. If you’ve made the decision to become a global CA and are contemplating your next move, we can help you take a step forward. Check out our Association of Chartered Certified Accountants (ACCA) course to learn more.

The US CPA qualification is recognized worldwide and can open doors to opportunities in Europe, Asia, and North America. If you are an accounting professional looking to boost your career or just curious to learn about the course, we suggest you check out our Certified Public Accountant (CPA) course to learn more.

FAQ’s on ACCA Vs CPA:

How useful is ACCA in the USA?

ACCA  is not as popular in the US  as US CMA OR US CPA. However, ACCA-qualified professionals can find suitable jobs for themselves in the US. 

Which is more difficult: ACCA or CPA?

CPA  is considered to be tougher than ACCA. However, both qualifications require a lot of hard work and dedication.

Do Indian companies hire ACCA?

Yes, Indian companies hire ACCA-qualified professional 

Who earns more ACCA or CPA in India?

The salaries are completely based on the job position, years of experience, location, and the type of company. 

What are my career opportunities after CPA?

Opportunities exist in all areas of the business world including accounting, auditing, corporate finance, financial advisory, investment banking, corporate governance, tax, IT, etc.

Can I do US CPA if I’m in my first year?

Unfortunately, being a graduate is the minimum requirement for pursuing a US CPA.

Which is better CPA or ACCA?

ACCA  is better if you are willing to work across the globe. On the other hand, if you are willing to work primarily in the US, CPA is better. 

Is it worth doing ACCA if I’m a CA?

Yes, it is worth doing ACCA after CA, as you will get an additional professional qualification that is globally recognized. In addition, fully qualified CAs will be exempted from the first 9 ACCA papers.

Partham Barot is an ACCA-certified professional. showcasing his expertise in finance and accountancy. he’s revolutionising education by focusing on practical, real-world skills. Partham’s achievements underscore his commitment to elevating educational standards and empowering the next generation of professionals.