As we can feel salt in all of our food, myths are similar to it that can be seen at every phase of life. The only difference between the above comparison is that salt in the food adds taste, whereas myths in the life journey subtract your capability to reach your goals. Talking about the ACCA course – the name has at least been uttered once from the commerce graduates/undergraduates looking out for post-graduation courses in India. However, there are a lot of points that are still unclear when it comes to deciding to pursue ACCA certification. ACCA can be an ideal option for an undergraduate or a fresh graduate in terms of ROI.
All set to learn 11 Certain Myths busting reality of ACCA in India? Here we go
Myth 1: The ACCA Course Fees is High
Fact: Education in India is highly prioritized these days. It’s just that it feels more expensive is your time and enthusiasm to pursue your goal. If you have set an objective to qualify ACCA and stay loyal to it, then we are 100% sure that the course fees are not the matter that can interrupt your journey towards your aim. Several options can help you to pay off your course fees. Check out here (Zell contact). Because there is surely an open door for you to pass through if you are firm on your objective when compared, the investment in a CA or a CFA course in India will easily run into 3.4 to 5 lakhs. The ACCA course, the course material, the books, the registration, and the examination fees will be similar. However, the salaries that one can demand after this qualification will prove a better return on investment.
Myth 2: Examination level for ACCA course in difficult
Fact: So Untrue! No, the course is nowhere to be found difficult for those well-prepared with the ACCA studies. ACCA course being difficult is a myth that inculcates sacks of fear in the brains of the candidates trying for ACCA. You can further learn more about the course with Zell Education, and we bet you that you won’t feel the same post getting briefed about this certification course.
Myth 3: Exams of ACCA course is difficult to clear in the first attempt
Fact: Attempts are fine. If you have genuinely understood the concept pretty well and you have ideally struggled to prepare for your exam, you are bound to clear it in the first attempt itself. At times, you would be unknowingly failed with the first attempt. And that is completely OK to try again for the second attempt.
Myth 4: ACCA Course is not recognized in India
Fact: The ACCA course is surely a UK-based course. But it is globally recognized, not just limiting to any specific country. ACCA certification is all about a career in Accounting & Finance. You can know more about the job opportunities after ACCA here (Blog Article link). Highlighting the companies that warmly embrace the ACCA qualified. A few are the Big 4s, Earnest and Young, Deloitte, TATA, KPMG, Waterhouse Coopers, and such many. Even the KPOs are open with the heavy hiring for the ACCAs in India. Again, the ACCA course is highly recognized in India.
Myth 5: ACCA is only for Accounting job seekers
Fact: No, the ACCA certification does not just transpire the account job roles for qualified ACCA in India. List here the ten job roles for ACCA. If you are ACCA qualified, you can apply for Financial Accountant, Management Accountant, Corporate Treasure, Assistant Accountant, Financial Controller, Finance Manager, Forensic Accountant, Chief Financial Officer, Auditor, Tax Specialist.
Myth 6: ACCA exam centers are only available out of India
Fact: The ACCA exam centers do not just restrict to one specific location, but you can opt for any worldwide. When talking about the ACCA exam centers in India, here is the list of 10 centers that you can apply for, whichever is nearest to you. Ahmedabad, Banglore, Cochin, Chennai (Madras), Hyderabad, Indore, Kolkata (Calcutta), Mumbai (Bombay), New Delhi, Pune.
Myth 7: ACCA is not for family businesses
Fact: Whether you decide to apply for the job post-qualifying ACCA or switch into your personal or family business with the knowledge that serves in the course. The ACCA exam is for everyone who seeks to pursue a specialization degree in Accountancy & Finance. Furthermore, every business involves an essence of accounts and finance in it.
Myth 8: Corporates in India don’t ask for such high qualifications
Fact: What more do you need to look out for when you have Big 4s companies waiting for the ACCA qualified to enroll themselves in their companies. There has been a high-end requirement for the ACCAs in India since India is steadily converting itself as the outsourcing hub for accounting & financial services. And no doubt, the pay scale that you expect post-qualifying the ACCA certification from Earnest and Young, Deloitte, TATA, KPMG, Waterhouse Coopers group of companies is surely satisfying the returns on your investments.
Myth 9: ACCA after CA is of no use
Fact: If you seek an upper hand that adds more value to your CA degree. Then pursuing ACCA post-CA or along with CA can be the ideal decision to strengthen the base of your career since CA limits up to India. In contrast, ACCA sets a broadway globally for those who aim to succeed in finance and accounting. Additionally, pursuing ACCA after you are already CA gets you an exemption for nine papers of ACCA. Hence, concluding you need to only prepare for the four documents of Strategic Level.
Myth 10: An average student cannot pursue ACCA
Fact: There is no such mindful or average person who can’t stand off the ACCA exam. It’s just the eagerness or the passion to pursue your objective without any hard interruptions. If you are interested in setting up your future in the Accounting & Finance field or working with the Big 4s or out of the country, ACCA can be pursued by any candidate regardless of being a sharp or average student.
Myth 11: A non-math student cannot apply for an ACCA course
Fact: A math student is nowhere to be found in the eligibility criteria to apply for ACCA. However, you must have pursued an accounting subject in your HSC or 12th class. More for your information, Math is not as compulsory to pursue ACCA when you have already accounts subjects reflected in your 12th grade.
Concluding with the Objectual article that stands in the crowd of myths and misconceptions, subsequently motivating the candidates to follow their goals rather than 11 Certain Myths busting reality of ACCA in India.
The ACCA qualification is recognized 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.