ACCA members are offered jobs at par with ICAI members in terms of profile and pay, in organisations such as the Big 4 and MNCs. ACCAs are in demand in the Big 4 and MNCs because these firms follow global accounting practices in their day to day work. With increasing FDI, more international firms coming to India, and even Indian firms expanding geographically, India is bound to adopt IFRS soon.
Again, this depends on your personal goals and aims. There are various options available for you once you’re a qualified ACCA member: Work in a financial or consulting capacity in companies such as the Big 4. This could be to gain experience, or a long term plan if the country you reside in accepts ACCA as the signing authority.
If you’ve made up your mind to complete both the qualifications, the most optimum way forward would be this: Begin with CA and complete up to the IPCC examinations.You will have approximately 2 years of work experience (articleship) before you begin studying full-time for Final CA.
The Goods and Service Tax Bill passed by the Lok Sabha will be applicable to manufacturers, sellers and service providers. It will replace VAT, excise duty, and service tax. GST which aims to remove the cascading effect of indirect taxes also has a significant impact on the consumer’s daily needs.
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