Career choice is a decisive and challenging task. Choosing between ACCA and CA, two popular options in commerce, is tough for many finance and accounting aspirants as it defines their scope of their future and career. If you are struggling or in a dilemma of making a hard choice between ACCA vs. CA, read this post to understand the difference and make an informed decision.
What is ACCA vs CA?
ACCA: The Association of Chartered Certified Accountants (ACCA) is a global association that supports accountants and accredits them professionally. Established in 1904, ACCA helps finance and accountancy aspirants pursue rewarding careers in this field. Recognized by over 180 countries worldwide, ACCA opens doors to opportunities for professionals across the world and designates candidates as Certified Chartered Accountants after completing the course.
CA: Chartered Accountancy is a professional accounting qualification that produces Chartered Accountants (CAs), who are skilled experts in finance and accounting. These professionals are highly regarded as qualified and accomplished accounting professionals who offer expert advice in matters related to finance and accounting. Chartered accountancy is a sought-after career in India among commerce aspirants. Let’s take a look at the difference between CA and ACCA.
Key Differences Between CA and ACCA in Terms of Benefits, Eligibility, and Career Prospects:
Benefits of CA vs ACCA
Eligibility Requirements for CA vs. ACCA
Career Prospects After ACCA
After completing ACCA, candidates can avail of rewarding job options like:
- Management Accountant
- Credit Controller
- Financial Accountant
- Tax Specialist
- Finance Manager
Career Prospects After CA
Once their CA program is complete, students can acquire jobs in various fields in varied roles like:
- Internal Auditor
- Direct and Indirect Taxation Expert
- Financial Manager
- Investment Banker
- Cost Accountant
- Forensic Accountant
Scope of ACCA After CA in India
ACCA and CA are two separate and sovereign bodies and it is possible to take up ACCA after completing CA. An ICAI-qualified chartered accountant is likely to avail of better global exposure and opportunities by opting for ACCA after CA.
Aspirants and CA professionals can take the ACCA exam anytime while maintaining their CA profession at their convenience. ACCA can also be pursued after completing the CA final year exam. Qualified Chartered Accountants are just required to attempt and clear 4 papers to complete the ACCA at the professional level.
Which is Better: ACCA vs. CA
For commerce and accounting aspirants to consider which is best CA or ACCA can be challenging and may require careful consideration. Students struggling with such challenges should decide on the course by considering their career goals, strengths, and aspirations.
ACCA offers global perspectives and opportunities through all-round professional training and ethics. It suits aspirants looking to make it big in international finance roles. CA, on the other hand, focuses deeply on local laws and regulations. Hence, CA is an ideal program for professionals planning to take up specialized roles in India.
So, if you are interested in moving abroad after your studies for a career, you can consider ACCA. However, if you are hoping to work in an Indian firm as a partner or pursue a career as a chartered accountant in India, you may consider CA as these professionals have the exclusive right to audit and certify financial declarations in India.
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Other In-Demand Accounting Certifications in India:
In addition to ACCA and CA accounting programs, many other reputed accounting courses are available for students in India. Below is a list of some of the top accounting programs available:
Conclusion
To Conclude, the decision to pursue ACCA vs CA or any other accounting certification rests on the career goals and vision of the candidates to excel in the field of finance. Students have abundant opportunities to explore accounting programs including online programs.
Amity University Online offers several opportunities to pursue online courses in the commerce stream integrated with ACCA or accredited by ACCA along with offering other accounting certifications online. Visit the Amity Online Portal to learn more.
