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ACCAs (Association of Chartered Certified Accountants) and CAs (Chartered Accountants) are two of the most renowned courses for the commerce stream students. A question often asked is – which one of the two is better? And why so? Which is the tough one? Which is better to pursue in India or which course matches the Global Standards? and so on. Let us clear all these doubts with an in-depth analysis of both the worlds in the ultimate guide on ACCA v/s CA.

What is CA?

CA or the Chartered Accountancy course is one of the toughest and highly regarded accountancy courses in India conducted by The Institute of Chartered Accountant of India, a Statutory Body. You must register yourself as a student with the ICAI to enroll for the course. CA is a good option for higher education in India in the fields of AuditingAccounting, Tax Management, Management Accounting, Consultancy, And Finance.

What is ACCA?

Association of Chartered Certified Accountants is a global professional accounting body offering the Chartered Certified Accountant qualification. It is a globally accepted qualification for successful careers in every sector like Finance, Accounting, Banking, Consulting, Business Management, Audit, and Accounts. ACCA course enjoys global recognition with the employers across the industry with more than 208,000 fully qualified members and 503,000 students across 181 countries.

 

The following table should give you a better comparison of the two and help you decide basis your aptitude and career aspirations.

Parameters

CA

ACCA

Recognition

Primarily in India Globally Recognized Qualification by employers and students across 181 countries

Focus

CA courses focus on Indian Accounting, Auditing, Taxation, Finance, Company Law, etc. results in expertise in multiple domains. ACCA courses mainly focus on Global Accounting, Global Laws, Taxes, Finance Costing & Audit.

ACCA students learn Indian Taxes & Laws on the job & by attending “specially designed workshops”.

Exam Structure

3 Levels

4 Papers – CA Foundation

8 Papers – CA Intermediate

8 Papers – CA Finals

3 Levels

3 Papers – Knowledge

6 Papers – Skills

4 Papers – Professional

Articleship/Internship

3 Years of Articleship Training 3 Years of Practical Experience to obtain membership

Duration

4.5 -5 Years (On average) 3 Years (On average)

Passing Percentage (Approximately)

5 – 10% only. 45 – 50% Globally.

Salary Expected

5-7 lakhs per annum 4 -6 lakhs per annum

Exemptions

NA Depending on any existing qualifications you may hold, exemptions can be awarded. It means that you can skip the subjects in which you already hold a certificate.

Flexibility

Minimum one group at a time which comprises 4 papers, are to be attempted Minimum 1 paper per attempt every quarter

Total Investment

3.5-4 Lakhs 3.5-4 Lakhs

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