A career in the finance and accounting sector is one of the most flying careers in India. Every year many people compete for the various certificates in this field. But only a few of them get through the process and finally manage to get the certificate. Since it is a very rewarding career field, it is not at all easy to get a qualification certificate from a good organization. To practice as a professional in this sector people are required to have some important certificates and qualifications. In this article, we are going to discuss an organization named ACCA, its course, and certificate. Apart from that, we will also discuss other details related to this related to the ACCA course.
So if you are also interested in this course then you can read the article till the end. Before start pursuing this course you should also keep certain eligibility criteria in your mind. We have divided the article into different parts through multiple headings so you can read any part according to your preference.
What is ACCA?
Full form ACCA is the Association of Chartered Certified Accountants. ACCA is a globally recognized organization that was founded in the year 1904. This organization provides “Chartered Certified Accountant” certificates to the candidates. This certificate is very important for anyone who wants to practice as a chartered accountant legally. ACCA operates through its headquarter based in London and a principal administrative office located in Glasgow City, Scotland. Apart from that, to operate in different parts of the world ACCA also has there offices and centers in nearly 52 countries. There are about 104 ACCA offices and centers in different countries.
ACCA is really a very vast and reputed organization as it has nearly 7,300 Approved Employers all over the world. They also have 323 Approved Learning Partners (ALP) worldwide. The person should be a member of ACCA if he/she wants to use the term “Charted Certified Accountant” with his/her name. This is because it is a legally protected term.
There are various qualifications offered by the ACCA. Most of the ACCA courses are paid courses but they also have some free courses as well and we also talk about those courses in the upcoming part of this article. A diploma by this organization is recognized by many companies in India. That’s why many people prefer doing the courses from ACCA.
So now let’s talk about the ACCA course. ACCA offers different courses for the students willing to make a career in finance. After successfully completing a course from ACCA a person can start his/her professional journey in fields such as tax consulting, accounting, business valuation, etc. In courses, this organization offers a variety of qualifications. From a diploma to a degree, you can do anything qualification with this organization according to your convenience.
In India, many MNCs and other organizations have started noticing the candidates with ACCA qualifications. Since the ACCA courses are globally recognized therefore every big company wants to hire ACCA members. There are various colleges in India that are affiliated with ACCA. Some colleges have merit-based admission modes whereas some colleges grant admission to the students on the basis of performance in the entrance exam. Therefore, for the admission process, it is better to check your preferred college’s admission process.
Now comes a very important point regarding the fees. So if we talk about the fees that you can have to pay is somewhere between INR 28,000 to INR 2,60,000 per annum to pursue an ACCA course. The exact amount of fee depends upon your college, course, and various other factors.
Many students are also very curious regarding the duration of the course. The duration of courses depends upon the educational level of the candidate because this organization offers different types of qualifications at different levels. If a person has completed his/her 12th then the duration of the course is 3 years. After completing your graduation in commerce the duration is 2 years.
There are two types of qualification in it, the first is the ACCA Affiliated Status and the second type of qualification is the ACCA membership. So a person can get the ACCA Affiliated Status within approximately 2.5 years. Whereas if a person wants to get the ACCA membership then it takes a minimum of 3 years to clear all the ACCA exams. But it is very normal when it takes more than 3 years for the candidate to get the ACCA membership.
3. Eligibility Criteria
Following is the eligibility criteria for the ACCA course:-
- First of all the minimum age which they accept is 18 years, the candidate’s age should not be below this age limit.
- Now if we talk about the educational qualification then the candidate should have cleared his/her 10+2 with a minimum of 65% aggregation marks in subjects like Accounts or Mathematics and English.
- Apart from these subjects, the candidate’s score in other subjects should be at least 50%.
After doing the ACCA course there are lots of opportunities open for the candidate in various fields. Since it is a globally recognized qualification so most of the companies all over the world recognize the caliber of an ACCA qualified candidate. There are various opportunities for the ACCA qualified candidate in the fields such as business development, accounting, and taxation, finance, education, project management, leadership, corporate business accounting, etc.
If we talk about the salary then a fresher in this industry gets an average salary between INR 3,50,000 to INR 4,00,000. This salary increases as the candidate grow in his/her experience and skills. Apart from that a person always needs to learn new things in this field to keep on growing.
|AIMA UGAT||All India Management Association|
Successfully completing the ACCA course can easily take your career to new heights. Due to all the perks of this course, many students choose to pursue it. Therefore they have nearly 5,00,000 members and students all over the world. Although the qualification of ACCA course is very prestigious still they have a very flexible exam pattern. In a nutshell, we can say that it is a good option for anybody who wants to boost their career.