Can Indian ACCA Work In Other Countries
The Association of Chartered Certified Accountants, founded in 1904, continues to be a global standard in the realm of accounting. It was established in India in 1944 and has 117 centres worldwide offering the most sought-after professional accounting qualification: the ACCA. The ACCA credential is equivalent to its Indian counterpart, CA, and globally accepted. The most popular destinations for overseas job opportunities for Indian ACCAs include the UK, USA, Canada, and Australia. But the question still lingers, can Indian ACCA work in other countries? If you are an Indian ACCA aspiring to work abroad, there’s a lot you need to know. Read on to find out.
What Does an ACCA Degree Entail?
Can Indian ACCA work in the UK?
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Can Indian ACCA work in the USA, Canada, or Australia?
If you’ve been contemplating these questions, here’s your answer: ACCA is the gateway to working globally.ACCA is the leading global standard qualification for landing the best accounting jobs worldwide. It provides the necessary accounting skills that are relevant in the industry and helps you stay ahead in the game. ACCA’s extensive syllabus covers the vital aspects of Chartered Accountancy. The course has 13 examinations to test the student’s mettle for skill, knowledge and professional expertise. It is a course suited essentially for Indian students who want to practise abroad. Check out the Top 5 benefits of Getting an ACCA Certification if you have a global aspiration in the field of accountancy.
What Is the Eligibility for Enrolling For ACCA?
The eligibility criteria for Indian students enrolling for ACCA are as follows:
- Students must have an aggregate of 65% in Mathematics/Accounts and English in their 10+2 examination results.
- Students must have a minimum of 50% aggregate in their 10+2 examination results in other subjects.
- If a student is deemed ineligible due to the criteria mentioned above, they can enrol via Foundation in Accountancy (FIA).
- Students who have freshly passed their tenth-grade examinations can also enrol via the FIA.
Scope of ACCA
According to a global survey of 1300 employees, 50% rate ACCA as a leading professional body and view their ACCA career in a positive light. In India, ACCA opens a portal for various jobs in prestigious establishments. The US Bureau of Labor Statistics estimates a steady 6% growth in the employment of accountants and auditors from 2021 to 2031. So whether you want to work in the Big 4 or the MNC of your choice, ACCA is the key.
Who Should Apply For It?
Who can apply for ACCA? Check out the eligibility criteria before applying:
- Anyone with a background in Accounting or Mathematics with 65% aggregate in either.
- Students who wish to build a career in auditing, accounting, transaction and accounting advisory.
- Anyone who wishes to build a career in accounting overseas.
- Anyone who wants to go for a shorter course period with flexible study hours and the frequency of attempts.
- Experienced candidates looking to fast-track their careers.
If you want a thorough explanation of how to become an ACCA member, our blog Steps to Become an ACCA explains it all.
ACCA Around the world
ACCA is recognised in countries like the UK, USA, Canada, Australia and Singapore. Students can enjoy the benefits of their ACCA qualification across the globe because of its widespread recognition by top companies.
ACCA profe
ssionals can also enjoy the opportunity to work in different sectors. Apart from finance and consulting, other sectors that require the expertise of an ACCA professional include public services, manufacturing, FMGC, corporates and independent businesses. Check out our blog on Top 8 Hottest Jobs in ACCA for more information on ACCA job prospects.
Requirements for an Overseas Job With an ACCA Degree
Keep the following factors in mind to know how to put your ACCA qualification to use in countries like the UK, USA, Canada and Australia:
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Enrol in a reputable ACCA institute
The first step in the journey to get qualified for ACCA is to choose a reputable institute. ACCA has students in more than 180 countries, with 15000 students in India. These centres are in all major cities. Educational platforms like Zell Education provide affordable, convenient and online ACCA courses with the best faculty. Availing the ACCA course from a verified institute will make it valid globally.
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Get your visa
Getting a visa before working anywhere except in your home country is an unsaid rule. It is the basic step to work overseas with an ACCA degree. In the UK, Skilled Worker Visa is mandatory for foreigners who wish to work there. It includes proof of employment offer and standard documents for authentication. In Canada, ACCA members must also apply for a Social Insurance number. The rules may vary according to the country’s policy, but the need for a working visa remains consistent.
In What Countries Is ACCA Acceptable?
ACCA has its headquarters in London and is recognised in all major countries worldwide. However, it does not limit the license to work in those countries alone. Students often need clarification about whether this degree will help them work abroad. Most of their anxiety-ridden questions stem from the lack of information. Let’s look at the most common queries Indian ACCA professionals have when choosing to work abroad:
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Can Indian ACCA work in the UK?
Absolutely! An ACCA qualification earned in India is widely recognised for various job roles in the UK. Apart from being an Accountant, Indian ACCAs can secure well-paying jobs like Financial Advisor, Management Consultant, Financial Analyst, and Corporate Treasurer, to name a few. The standard prerequisites must be adhered to, especially visa formalities.
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Can Indian ACCA work in the USA?
This is a common question for students torn between ACCA and US CPA. Due to different systems, ACCA does not align with the widely accepted US CPA in the USA. US CPA is given more preference and prioritised over ACCA in this case. However, it is possible for Indian ACCA to work there since there are specific fields that require the contribution of an ACCA professional. Multinational accounting firms accept ACCA working professionals.So back to the question, can Indian ACCA work in the USA? The answer is yes. But the job opportunities are less diverse than in the UK.
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Can Indian ACCA work in Canada?
Like the USA, Canada leans towards CPA. However, the rules in Canada cooperate more with international ACCA membership holders who want to practice there. In 2021, CPA Ontario notified the public about a policy change. Individuals who wish to join CPA Ontario but hold an ACCA membership can re-route through “Member of an accounting body outside Canada.” Additionally, they must also apply for a Social Insurance Number.
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Can Indian ACCA work in Australia?
Australia has signing authority for ACCA members. For Indian ACCA to work there, there is a set of rules:
- Candidates must complete all ACCA examinations, including practicals.
- Candidates must complete five years of being an ACCA member.
- Candidates must hold a bachelor’s degree equivalent to that in Australia and be recognised by CPA Australia.
Conclusion
Indian ACCA is a globally valid degree. It is a popular accounting course due to its flexible yet diverse study plans. Moreover, Indian ACCA can work in other countries. However, checking the country’s employment rules and the degree’s relevance is always advisable before venturing there. Zell Education is an approved and certified learning partner for ACCA for students in India and abroad. Come under the wings of the best faculty and join the prestigious alumni of ACCA for the experience of a lifetime.
FAQs
Can Indian ACCA work in other countries?
Absolutely! India is one of the many certified countries for obtaining an ACCA degree. Students from India with ACCA are eligible to work all over the globe.
What countries accept Indian ACCA qualifications for financial positions?
Countries like the UK, USA, Canada, Australia and Singapore are a few of the many countries that accept Indian ACCA qualification for employment.
What is the average salary of a working professional with ACCA in Canada?
The average salary for ACCA working professionals in Canada is C$75.
Can Indian ACCA work in Australia within five years of being a member?
A non-resident of Australia cannot work there until completing five years of ACCA membership.
