The Association of Chartered Certified Accountants is an international Chartered Accountancy course governed by the UK body. The completion of this course makes you a global Chartered Accountant. In India, the Chartered Accountant course is supposed to be the most prestigious course. Due to its difficulty level, those who manage to clear the CA exams are considered highly skilled students who can ace any accounting challenges in the professional world. However, the only problem with a CA degree is that it doesn’t prepare you for global accounting challenges and that’s where an ACCA degree steps in and gains preference.
If you’re curious to know more about ACCA after CA, here are some of the top reasons why this dual degree can be highly beneficial for you.
Benefits of Choosing ACCA after CA
1. International opportunities
One of the biggest reasons why most people choose ACCA after CA is because of the global opportunities offered. While CA is only accepted in India, Dubai, Canada, the U.K, Ireland and Bahrain, ACCA is accepted in 180 countries. This means you can practice Chartered Accountancy almost anywhere in the world. All you need is your CA degree, ACCA affiliate membership and relevant work experience and you’re all set to find your dream job in a country of your choice.
2. Skill set expansion
While most of the CA and ACCA syllabus interlays with one another, let’s not forget that both these courses – CA and ACCA are designed to give an in-depth understanding of the world of accountancy. While CA is mainly based on the accounting standards as per the Indian constitution, ACCA as a course was developed to protect small firms and individuals. This course largely prioritises values like integrity, accountability, diversity, and logic. As you complete ACCA after CA, you gain prowess in both these accounting perspectives.
3. High compensation
A top reason why most people choose this dual degree route is because of the compensation you can demand after its successful completion. However, your compensation also depends on the country you’re living in, the company you are working for and the position you are at. But with this dual degree, there’s no doubt about the fact that compensation would be on a high scale even as you start. With this dual degree, you can expect a starting compensation of around 7 LPA annum, with more experience, this number is only set to rise.
4. Chance to work for top firms
With the two most prestigious accounting certifications, there is no doubt about the opportunities that are sure to flow in your way. From innovative startups to top MNCs, every company would want the skillset you possess. As the offers flow in, you get the benefit to decide which firm would be the best for your career in terms of growth, salary and learning opportunities.
5. An accelerated learning pathway
The best part about doing ACCA after CA is the number of exemptions you can avail of post your CA degree. You only have to appear for about 4 papers and you’ll be a CA and ACCA professional. Besides, the ACCA body is quite flexible when it comes to appearing for the ACCA exams. Apart from the exemptions, your articleship after IPCC group 1 will be counted as practical experience for ACCA.
We hope that with this detailed article on ‘why to choose ACCA after CA’ you’ve got the answers to all your questions surrounding this dual degree. Just make sure to prepare for your accountancy career with the right coaching institute. Zell Education is the platinum-approved learning partner for Association of Chartered Certified Accountants , from registration support to placement assistance, Zell ensures that your learning journey is a seamless one.
Is it good to do ACCA after CA?
Yes, it’s a good decision to do ACCA after CA as it opens doors to multiple opportunities across India and abroad.
How much does ACCA coaching cost after CA?
Depending on the exemptions that you gain, the cost of your ACCA coaching could start from anywhere around 40k and reach up to 1.5 Lakhs.
Can a CA become ACCA?
Yes. A CA can become ACCA if they choose the pursue the ACCA course alongside the CA course or post-CA course.
What are the 4 papers for ACCA after CA?
After CA, the 4 ACCA papers that one needs to appear for are BT-FM (9 subjects).