How to Start the ACCA Course after 12th Commerce?

You have just finished your 12th commerce exams, and you start wondering, “What next?” Do you want to have an international finance and accounting career? The answer to both of those questions is ACCA.

Whether you want to become a financial consultant or work as an employee in an international organization. This qualification opens all doors in different industries across the globe. And it gets even better because you can start right after school.

Are you prepared to get into the world of numbers, business, and infinite opportunities? Read along to find out ACCA course details after 12th! And know how you can start your ACCA journey, today!

What is the ACCA Course?

ACCA full form is the Association of Chartered Certified Accountants, an internationally recognized qualification. Opening the door to a world of endless possibilities in finance, accountancy, and management. 

The core principles of accounting, audit, taxation, and financial management are an integral part of the syllabus. You learn what is required in today’s competitive job market. Whether you want to work with global organizations or practice in your own accountancy firm. ACCA gives you the credibility and skill to get there.

Starting ACCA Course After 12th 

Getting into the ACCA course immediately after 12th commerce can prove to be a rewarding path. But first, you need to check whether you meet the ACCA eligibility criteria. After that, you can start with the process of registration to become a globally accredited accountant. Below are the detailed steps you can take:

Verify Eligibility Criteria: Before registration, ensure that you have achieved the mandatory academic qualification for entry to ACCA. Check the ACCA eligibility in India and apply accordingly.

Choose the Right Route: If you satisfy the eligibility criteria, you can register directly for the ACCA program. Alternatively, if you are not eligible for ACCA, you can register for Foundation in Accountancy (FIA) offered by ACCA Institute.

Registration for ACCA: You can register online by visiting the official website of ACCA. Proceed to fill out the registration form based on academic qualifications and personal documents.

Choose a Learning Method: Study individually or enroll through an ACCA-recognized learning institution, like Zell Education. From where you can receive support throughout the ACCA qualification process.

Exam Preparations: The ACCA offers three levels: Applied Knowledge, Applied Skills, and Strategic Professional. Prepare to face the structure of the exam for each level.

Benefits of ACCA Course After 12th Commerce

If you meet the ACCA eligibility criteria after 12th commerce, you can start the ACCA course. The ACCA course is divided into two levels: the Fundamentals and the Professional level.

Fundamentals Level: The Fundamentals level of the ACCA course consists of nine papers, divided into two modules, Knowledge and Skills. The Knowledge module consists of three papers: Accountant in Business, Management Accounting, and Financial Accounting. The Skills module consists of six papers: Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, and Financial Management. The duration of the Fundamentals level is around 12 to 18 months.

Professional Level: The Professional level of the ACCA course consists of five papers, divided into two modules, Essentials and Options. The Essentials module consists of three papers: Governance, Risk and Ethics, Corporate Reporting, and Business Analysis. The Options module consists of two papers that you can choose based on your career aspirations. The duration of the Professional level is around 12 to 18 months.

The following are some of the advantages of pursuing the ACCA after 12th Commerce:

• International Recognition: 180+ countries recognize the ACCA qualification. Opening wider job opportunities to professionals across the globe, hence offering them opportunities to work with international organizations and other financial centers.

• Flexible Study Options: ACCA offers three options for studying: online, distance learning, or classroom-based. A person can take the option of being comfortable with his learning style or schedule.

• Comprehensive Syllabus: It covers a vast course outline such as financial and management accountancy, taxation, and financial management. The international accounting standards influence the syllabus.

• Continuous Professional Development: ACCA ensures continuous professional development by exposing you to a network of professionals worldwide. Providing an opportunity for career enhancement and growth.

ACCA Course Eligibility Criteria After 12th

After completing your 12th in commerce, you should fulfill the following eligibility criteria to join the ACCA course:

Educational Qualifications: You have the 10 + 2 qualification with at least 65% marks in Mathematics or Accounts and English. With a minimum of 50% in other subjects.

For Non-commerce Students: Even science stream students can do ACCA if they meet 65% marks in Mathematics and English.

Alternate Route: If you cannot meet the entry requirements for direct entry. You should go for the Foundation in Accountancy (FIA), which will allow you to qualify for the ACCA course.

ACCA Course Duration 

ACCA duration after the 12th commerce is explained below.  A candidate will have to sit for all 13 papers. As ACCA Institute does not offer any exemptions to students right after completing their 12th commerce exams: 

Applied Knowledge: Can be completed in 6-12 months.

Applied Skills: This usually takes 12-18 months, depending on how rapidly one clears the exams.

Strategic Professional: 12-18 months.

Total Duration: Takes approximately 2-3 years for completion, depending upon the exemption taken and the study pace.

ACCA Exams

The ACCA qualification is split into three levels: Applied Knowledge, Applied Skills, and Strategic Professional. Each level would test your understanding of accounting principles, advanced financial management, and strategic decision-making. A breakdown of the ACCA examinations is as follows:

1. Applied Knowledge (3 papers)

• Business and Technology (BT)
• Management Accounting (MA)
• Financial Accounting (FA)

2. Applied Skills (6 papers)

• Corporate and Business Law (LW)
• Performance Management (PM)
• Taxation (TX)
• Financial Reporting (FR)
• Audit and Assurance (AA)
• Financial Management (FM)

3. Strategic Professional (4 papers: 2 essentials and 2 options)

• Essentials:

• Strategic Business Leader (SBL)
• Strategic Business Reporting (SBR)

• Options (Choose any two):

• Advanced Financial Management (AFM)
• Advanced Performance Management (APM)
• Advanced Taxation (ATX)
• Advanced Audit and Assurance (AAA)

ACCA Course Syllabus

The ACCA course subjects are comprehensive and encompass a wide range of topics. Requirements to prepare individuals for an exciting career in finance and accountancy. The syllabus mainly consists of three levels:

Knowledge Level:

This will introduce you to the basics of accountancy and financial management. It includes subjects such as Business and Technology (BT), Management Accounting (MA), and Financial Accounting (FA).

Competency Level:

Develop your technical skills in areas such as taxation, audit, and financial reporting. It includes subjects such as Corporate and Business Law (LW), Performance Management (PM), Taxation (TX), Financial Reporting (FR), Audit and Assurance (AA) and Financial Management (FM)

Professional Level:

Subjects covering strategic business leadership and advanced financial management to ensure you’re equipped for leadership. It covers essential papers like Strategic Business Leader (SBL) and Strategic Business Reporting (SBR). Optional papers like Advanced Financial Management (AFM), Advanced Performance Management (APM), Advanced Taxation (ATX), and Advanced Audit and Assurance (AAA)

ACCA Course Fees

The overall cost of pursuing the ACCA qualification is determined by factors such as the number of papers required to be attempted based on your previous level of education. In general, estimates depend on ACCA exam course fees per paper, registration fees, annual membership subscriptions, and exemption administrative fees. 

Generally, the total cost a student will have to bear in completing the ACCA qualification is estimated at approximately ₹1,50,000 to ₹3,00,000. This range accommodates the varying number of exams, depending on whether you have any exemptions because of your prior qualifications.

ACCA Job Opportunities

Getting the ACCA certification means more than sitting in the exams and passing through to get a shiny certificate. ACCA opens the doors to a wide range of career opportunities across industries and sectors worldwide. Be it finance, banking, auditing, or consulting, ACCA provides the skills and recognition to bag the best jobs in town. Here’s a breakdown of some of the most exciting career opportunities you can explore with ACCA:

Financial Accountant

A Financial Accountant will be entrusted with the responsibility of handling a company’s financial records such that the records are accurate and in conformity with stated regulatory requirements. One could be tasked with preparing the financial statements, budgeting, and facilitating audits. This role is important to any business since it allows proper clarity into the financial health of the organization.

 Management Accountant

If you enjoy statistical analysis and are good at making strategic recommendations, then becoming a Management Accountant might suit you well. In the field of Management Accounting, you will do far more than just plug numbers into spreadsheets; you will help top management make key decisions in business by researching the value of current financial performance, preparing cost analyses, and determining future projections.

Internal Auditor

Internal auditors place great emphasis on internal process assessment to ensure better governance and risk management for any corporation. Unlike external auditors, who focus their examination of the financial statement report of a company, internal auditors, or internal checks, ensure that the auditing examines the operational effectiveness of a company to enable companies to be alerted early enough to some problems before they turn into major issues.

Tax Consultant

As a Tax Consultant, you will be specialized in tax planning and advisory services for both individuals and organizations. In it you will be allowed to come up with optimal tax strategies, ensure that you are in full compliance with the tax laws, and provide advice on how to effectively reduce the amount of taxes to clients.

Financial Analyst

You will be able to look deeper into financial information as a Financial Analyst by analyzing market trends and performance indicators to inform investment decisions. Your recommendation would advise them on how best to allocate available resources for optimum returns, so the role would be one of high respect and influence in financial markets.

Conclusion

Starting ACCA after the 12th in commerce provides the base for an international career in finance and accounting. With a structured pathway of exams, eligibility routes, and opportunities available in many fields. ACCA provides you with all the knowledge needed to be highly successful in competitive lines of business.

Whether you are interested in auditing, financial analysis, or taxation. ACCA provides you with expertise and global recognition so that you can build up a successful career.

FAQs on ACCA Course after 12th Commerce

Can I do ACCA after the 12th?

Of course, you can opt for the ACCA qualification post-12th if you fulfill the eligibility criteria. In this way, you will be able to begin your path towards becoming a globally certified accountant quite early in your life.

How to become ACCA?

To get the certificate of ACCA, you need to pass 13 exams divided into three levels – Applied Knowledge, Applied Skills, and Strategic Professional.  You need to gain practical work experience and complete the Ethics and Professional Skills module.

Can I do ACCA after 12th commerce without maths?

Yes, you can do ACCA after 12th commerce even if you haven’t studied maths. Given that you have scored 65% or above in English and Accounts.

How to become ACCA after 12th Commerce?

Becoming ACCA after 12th commerce requires you to register for the ACCA course. Pass all 13 exams across three levels, gain relevant work experience, and fulfill the ethics module requirement.

What is the ACCA salary?

The average salary paid to an ACCA professional in India is up to ₹ 12 lakhs a year.

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.