ACCA: Full Form, Eligibility, Exams, Exemptions, Admission 2023, Course Fees, Scope, Jobs

Q: What are the 13 subjects in ACCA?

The 13 subjects of ACCA are:Business & TechnologyManagement AccountingFinancial AccountingCorporate and Business Law (LW)Taxation (TX)Performance Management (PM)Financial Reporting (FR)Audit and Assurance (AA)Financial Management (FM)Strategic Business Leader (SBL)Strategic Business Reporting (SBR)Advanced Financial Management (AFM)Advanced Performance Management (APM)Advanced Taxation (ATX)Advanced Audit and Assurance (AAA)

Sounak Banerjee

Associate Content Manager

ACCA stands for the Association of Certified Chartered Accountants, which is a global body that provides students with a ‘Certified Chartered Accountant’ certification. ACCA subjects include Business & Technology, Management Accounting, Financial Accounting, Corporate and Business Law, Taxation, Performance Management, Financial Reporting, Audit and Assurance, Financial Management, Strategic Business Leader, Strategic Business Reporting, Advanced, Financial Management, Advanced Performance Management, Advanced Taxation, Advanced Audit and Assurance.

See Also: Finance Courses

ACCA subjects are divided into 3 levels which are Knowledge, Skills and Professional. Students have the opportunity to avail themselves of various ACCA exemptions based on their education. Students having a BCom or MCom degree will need to sit for 9 exams instead of 13 and students with CA will need to sit for 4 Exams instead of 13.

See Also: Top ACCA Colleges

ACCA Exam takes place 4 times a year which are March Session, June Session, September Session and December Session. The ACCA course fee is around INR 170000. The whole fee structure is in GBP and thus the exchange rate of the Rupee comes into play. Students after completing ACCA will have a salary ranging between INR 7-8 LPA.

Table of Contents

ACCA Course Details
What is ACCA?

2.1 Why Study?

2.2 Who should Study?

ACCA Admission

3.1 ACCA Eligibility

3.2 ACCA Exams

3.3 ACCA Exemptions

3.4 ACCA Exam Dates

ACCA Syllabus
ACCA Course Fees
ACCA Course Comparison

6.1 ACCA vs CA

6.2 ACCA vs CPA

ACCA Scope
ACCA Jobs

8.1 ACCA Salary

ACCA: FAQs

ACCA Course Details

ACCA Full Form	Association of Certified Chartered Accountants
Course Level	Professional
ACCA Course Duration	1-7 years
ACCA Course Fees	INR 28,000 to INR 2,60,000
ACCA Exams	13 exams
ACCA Eligibility Criteria	10+2 with minimum 65% aggregate in Maths/Accounts and English, and 50% in other subjects
ACCA Career Prospects	Accountants, Auditors, Finance manager, Business Analyst, Taxation Expert
ACCA Average Salary	INR 3.5 to 4 LPA
Top ACCA Recruiters	PwC, EY, Deloitte, KPMG, Grant Thornton

What is ACCA?

ACCA is a certificate that is conferred by the Association of Chartered Certified Accountants of the UK which is a global body for professional accountants. ACCA is an accounting organization with more than 2 Lakh members and 6 Lakh students spread across 180 countries. Check: ACCA Qualification

ACCA course promises a rewarding career in the field of accounting, Finance and Management. The core values of ACCA are to provide opportunity, diversity, innovation, integrity and accountability.

See Also:

Career as a Banker	How to Become an Investment Banker?
How to become a financial manager?	How to become a Chief Financial Officer?

Why Study?

Students get various advantages after completing the ACCA course. The main advantages are mentioned below

Students get a certificate that is globally recognized and thus can get opportunities from all these countries. The scope for job opportunities in 180+ markets and recognition from 80 international bodies.
ACCA is in high demand in the big 4 MNCs. The students get to work in senior roles that are strategically important. It is one of the most affordable ways to get an International Professional Qualification.
Although it is co-ordinated from the UK, ACCA has 100 offices globally providing localized support. It also contains local law and tax education making the course relevant in each country.
There is great flexibility in doing ACCA and students will be able to complete their ACCA certification along with graduation.

See Also:

How to become an Audit manager?	How to Become a Credit Analyst in India?	How to become a Financial Analysts?

Who should Study?

Students who are interested in a career in Accounts, Finance and Auditing career. It has a flexible and student-friendly examination system helping students who are doing their graduation along with ACCA.
Students who are in the Accounting line get various exemptions from exams. Thus students with BCom or MCom will get the certificate with fewer exams to give.
Students who want to do accounting, finance or auditing jobs in big 4 MNCs must do ACCA.

How to become a Financial Examiners?	How to become a Budget Analyst?	How to Become an Accountant?

ACCA Admission

ACCA students can take admission after class 10th. Although they will need to complete a Diploma course before starting on the main ACCA subjects which are 13 in number.

ACCA Eligibility

The best part about ACCA is that it has almost no eligibility criteria. The basic eligibility criteria is mentioned below:

Students with no formal education will be able to apply for ACCA Foundation. On passing the Diploma course for ACCA Foundation, students will be able to apply for ACCA qualification which is the main ACCA certification exam
A student who has passed class 12 must have more than 65% in subjects like English, Mathematics and Accounts. Apart from these, students must have more than 50% in the other subjects.

Check: ACCA Eligibility

ACCA Exams

Particulars	Foundations Level	Applied Knowledge Level	Applied Skills Level	Strategic Professional Level
Exam Duration	2 hours	2 hours	3 hours	4 hours
Passing Marks	50%	50%	50%	50%
Total Marks	100	100	100	100

ACCA Exemptions

Students with some kind of degree gets exemption from various ACCA Exams. The ACCA exemptions are mentioned below:

Passing Class 12: Students who have passed class 12 will be exempted from the Foundational Diploma course of ACCA. This exam is for students who have no formal education.
Passing BCom or MCom: Students who have graduated with BCom or MCom will be exempted from ACCA Knowledge level exams like Business & Technology (BT), Management Accounting (MA), and Financial Accounting (FA). They will also be exempted from the Corporate and Business Law Exam of Skill Level Exam.
Clearing Chartered Accountancy: Students who have cleared CA will have 9 papers exempted from 13. Thus Skill Level and Knowledge Level will be completely exempted. Students will have to give only the 4 exams at the Professional Level.
Clearing CA IPCC: Students who have cleared CA IPCC will need to sit for 8 Exams in ACCA. Only 4 Exams will be exempted which are Business & Technology, Management Accounting, Financial Accounting, Taxation, Audit and Assurance.

See Also:

BCom Course Details	MCom Course Details	Chartered Accountant

ACCA Exam Dates

ACCA exam dates are available in 4 cycles or Sessions. The dates of March Session, June Session, September Session and December Session are mentioned below.

March Session 2023

Date	Topics
March 6, 2023	Audit and Assurance (AA), Advanced Audit and Assurance (AAA)
March 7, 2023	Taxation (TX), Advanced Taxation (ATX), Strategic Business Leader (SBL)
March 8, 2023	Performance Management (PM), Advanced Performance Management (APM), Advanced Taxation
March 9, 2023	Financial Reporting (FR), Strategic Business Reporting (SBR)
March 10, 2023	Financial Management, Advanced Financial Management (AFM), Corporate and Business Law (LW)

June Session 2023

Date	Topics
June 5, 2023	Audit and Assurance (AA), Advanced Audit and Assurance (AAA)
June 6, 2023	Taxation (TX), Advanced Taxation (ATX), Strategic Business Leader (SBL)
June 7, 2023	Performance Management (PM), Advanced Performance Management (APM), Advanced Taxation
June 8, 2023	Financial Reporting (FR), Strategic Business Reporting (SBR)
June 9, 2023	Financial Management, Advanced Financial Management (AFM), Corporate and Business Law (LW)

September Session 2023

Date	Topics
September 4, 2023	Audit and Assurance (AA), Advanced Audit and Assurance (AAA)
September 5, 2023	Taxation (TX), Advanced Taxation (ATX), Strategic Business Leader (SBL)
September 6, 2023	Performance Management (PM), Advanced Performance Management (APM), Advanced Taxation
September 7, 2023	Financial Reporting (FR), Strategic Business Reporting (SBR)
September 8, 2023	Financial Management, Advanced Financial Management (AFM), Corporate and Business Law (LW)

December Session 2023

Dates	To Be Announced

ACCA Syllabus

The ACCA Syllabus contains Foundations in Accountancy, Knowledge Level, Skill Level and Professional Level. The detailed ACCA Syllabus is mentioned below:

ACCA Levels	Particulars
Foundations in Accountancy	ACCA Diploma in Financial and Management Accounting (RQF Level 2)
	ACCA Diploma in Financial and Management Accounting (RQF Level 3)
	ACCA Diploma in Accounting and Business (RQF Level 4)
	Certified Accounting Technician (CAT)
Knowledge Level	Business & Technology
	Management Accounting
	Financial Accounting
Skill Level	Corporate and Business Law (LW)
	Taxation (TX)
	Performance Management (PM)
	Financial Reporting (FR)
	Audit and Assurance (AA)
	Financial Management (FM)
Professional Level	Strategic Business Leader (SBL)
Professional Level	Strategic Business Reporting (SBR)
Optional Subjects in the Professional Level	Advanced Financial Management (AFM)
	Advanced Performance Management (APM)
	Advanced Taxation (ATX)
	Advanced Audit and Assurance (AAA)

ACCA Course Fees

The total ACCA Fees is around INR 1,70,000. The detailed ACCA Course Fees is mentioned below

Particulars	Fees (INR) 1GBP=90 INR
Initial Registration	2,700
Annual subscription	10,440
Knowledge Level	22,680
Skill Level	69,660
Professional Level	64,170
Total	1,69,650

ACCA Course Comparison

ACCA course is a very relevant financial course that is comparable to Chartered Accountancy and CPA courses. The detailed comparison is mentioned below:

ACCA vs CA

Particulars	ACCA	CA
Signing Authority	Overseas	India
Recognition	180+ countries	India, England, Wales, Australia and Middle East Countries
Duration	6-24 Months	5 Years
Attempts	6 Monthly	3 Monthly
Course Structure	Knowledge Level, Skill Level and Professional Level	CA Foundation, CA Intermediate and CA Final
Eligibility	Pass class 12 with 65% in Maths, Accounts, English with 50% in the rest of the subjects	Pass class 12
Registration Fee	INR 7900 + subscription Fees of INR 11600 per year	INR 9,000
Job Profile	Accounting Advisory, Transaction Advisory, Treasury, Auditing	Statutory Audit, Internal Audit, Investment Management, Direct and Indiect Tax

ACCA vs CPA

Particulars	ACCA	CPA
Course Structure	Knowledge Level, Skill Level, Professional Level	Auditing and Attestation, Financial Accounting and Reporting, Regulation, Business Environment and Concepts
Duration	6-24 Months	1-1.5 Years
Eligibility	Pass class 12 with 65% in Maths, Accounts, English with 50% in rest of the subjects	Exam – Graduation + 1 year of Post Graduation (120 credits)
Eligibility		Licence – Graduation + Post Graduation (150 credits)
Average Pass Percentage	30-40%	50%
Recognition	180+ countries	Worldwide
No of Papers	15 Papers	4 Papers
Work Experience	36 Months	2000 hours or 2 years

ACCA Scope

There is a huge scope of ACCA in the future with the increase in globalization. Companies are providing services and products from all over the globe. Major scope for ACCA are described below:

ACCA is recognized by more than 180 countries making it one of the most valued certifications. Most ACCA professionals from India work in countries like UK, Australia, Singapore, and Germany.
Foreign companies working in India have a huge demand for ACCA professionals. They hire professionals who are qualified for international work and know about international accounting. They must be able to work for US GAAP and IFRS.
The job scope of an ACCA is equivalent to a CA. An ACCA professional also has the opportunity to do the same kind of job in 180+ countries.
Government, educational institutions, and various businesses both small and large are connecting with ACCA. ACCA has 7500+ approved employers and 80 partnerships with accountancy bodies.

ACCA Jobs

The salary after ACCA largely depends on the duration of work experience. ACCA students start their careers with a salary of around INR 7 LPA which rises to more than 15 LPA with experience. BDO, Grant Thornton, J. P. Morgan and Morgan Stanley are some of the top companies that hire ACCA in accounting to finance.

ACCA Salary

Job Opportunities	Salary (INR)
Accountant	3,50,000
Chartered Accountant	9,50,000
Finance Manager	9,60,000
Auditor	6,25,000
Associate Auditor	3,70,000

ACCA: FAQs

Ques. Is ACCA difficult than CA?

Ans. Considering the number of years, the number of papers, the course levels, and the diversity of both courses, it is typically believed that the CA course is more difficult than the ACCA course.

Ques. What are the 13 subjects in ACCA?

Ans. The 13 subjects of ACCA are:

Business & Technology
Management Accounting
Financial Accounting
Corporate and Business Law (LW)
Taxation (TX)
Performance Management (PM)
Financial Reporting (FR)
Audit and Assurance (AA)
Financial Management (FM)
Strategic Business Leader (SBL)
Strategic Business Reporting (SBR)
Advanced Financial Management (AFM)
Advanced Performance Management (APM)
Advanced Taxation (ATX)
Advanced Audit and Assurance (AAA)

Ques. Is ACCA difficult course?

Ans. The ACCA exam is not particularly challenging. In actuality, the ACCA is simpler to pass than other professional finance and accounting programs like the CA and CFA. Of course, it is more difficult than the exams pupils are used to taking in high school and college.

Ques. Does ACCA contain maths?

Ans. Studying for the ACCA Qualification and passing tests require strong math and English language skills. You can use the resources on this page to determine your present math and English skills and get some ideas for improving them.

Ques. Is ACCA expensive?

Ans. The sums shown above cover registration expenses, exam fees, payments for required training programs, coaching fees, and the price of books. With starting pay packages in the range of INR 5–6 lakhs annually, investment in ACCA is comparable to that of other financial courses.

Ques. Is ACCA tough to pass?

Ans. ACCA is an easy examination to skip in case you are prompted and trust that it isn't an essential step to your career. You should have the right mindset. As you progress, the issue stage of ACCA tests will rise.

Ques. How many years does ACCA take?

Ans. You should consequently whole all the assessments in years. However, as you furthermore may want 3 years realistic to enjoy earlier than you could turn out to be an ACCA member and be taken into consideration a certified accountant, the qualification takes at least 3 years the whole.

Ques. Is ACCA better than a degree?

Ans. The ACCA Qualification is broadly equivalent to degree standard when you take the first nine papers (the Fundamentals level). When you take the Professionals level, it is equivalent to a masters degree

Ques. How many attempts ACCA per year?

Ans. We have 4 examination cycles a yr for each centre-primarily based totally and remotely invigilated checks. Students can take most of 4 checks at some stage in every examination cycle throughout most of 8 awesome checks over the direction of a calendar yr.

Ques. How long is ACCA valid for?

Ans. After your 10 12 months time restrict is reached, you may lose any Strategic Professionals effects which are seven years old, or older, and you may want to take those assessments again. Check your myACCA account to discover while your Strategic Professional effects will expire.

Ques. In which country ACCA is valid?

Ans. The ACCA or Chartered Certified Accountant qualification is absolutely regarded in each the UK and Ireland. Under its Charter, ACCA works withinside the public interest. It is a Designated Professional Body beneathneath the Financial Services and Markets Act, enterprise activities.