Before you decide to opt for a professional course, it is important that you understand the pros and cons. When it comes to ACCA, it is not too different. The ACCA vs CFA question might pop up in your mind too. It is important that you understand the structure of the ACCA course. You should also know about the requirements before you opt for it.
ACCA stands for the Association of Chartered Certified Accountants. The ACCA Institute, which was formed in 1904, conducts the exam. This professional body offers the qualification – Chartered Certified Accountant. ACCA is an organization that is growing fast. It has more than 2,00,000 members and 5,00,000 students in 181 countries. Let us take a look at the course structure of ACCA.
If you would like to become an ACCA member, a candidate would need to go through some steps. There is a total of 13 exams that the students would need to go through. Attending ACCA classes in Mumbai can make the entire preparation quite easy. There can even be exemptions in the exams depending on the qualifications of the candidate.
Not only that, but the candidate would also need to have 3 years of experience in a relevant role. However, the candidate can acquire this experience at any time – before going through the exams, during it, or after completing the exams. In addition to this, it is very important to complete the Ethics and Professional Skills module to become a member.
Knowledge Level consists of 3 exams – Accountant in Business, Management Accounting and Financial Accounting. Students get awarded ACCA Diploma in Accounting and Business after going through these exams. Skills Level consists of 6 exams – Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, and Financial Management. When the students clear these, they get awarded the Advanced Diploma in Accounting and Business. There is a Professional Level – 2 compulsory in Essentials and 2 out of 4 from available options. These are the ACCA levels.
Requirements for ACCA
The minimum requirement for the ACCA exam is to have passed the 12th board by passing 5 subjects. English and Mathematics and compulsory. There needs to be more than 65% scored in at least 2 subjects and more than 50% on the others. However, if you have higher qualifications, you would be able to get exemptions. If you feel that you would require help, you can join ACCA classes in Delhi.
While a commerce graduate needs to give only 9 exams, a CA candidate needs to sit for only 4. It is to be noted that if a student scores above 40 in relevant subjects in the CA exam, the candidates are eligible to get more exemptions. Every paper would have a maximum score of 100 marks.
If you are willing to sit for the ACCA exam, these are some things that you should understand and consider.