1. Why a Career in Accountancy?
A career in accountancy is a great choice and can offer you excellent job opportunities. Accountants play a central function in any business; accountancy can offer you prestige and responsibility
2. Which Accountancy course should I Choose?
ACCA – Association of Chartered Certified Accountants UK is known as the global body for professional accountants and the qualifications are available around the world. It is a preferred qualification by the employers world over.
3. What is ACCA qualification and whether the said qualification is granted by any University?
ACCA (Membership in the Association of Chartered Certified Accountants, UK) is a professional qualification in the field of Accountancy, Auditing and Taxation and is similar to Chartered Accountancy Qualification (CA) of India. After passing all the papers in ACCA one will become an Affiliate. The Affiliate will be elevated as Associate after completing three years’ professional experience (PER). ACCA is not a University Degree, but a Membership in the Association (Professional body) set up by UK Government giving special privileges and rights for betterment ofprofession in the Country as well as globally.
4. How popular the ACCA Course is?
ACCA has 147000 members and 424000 students in over 170 countries and has been in existence for over 100 years. ACCA has a net work of 82 offices around the world to offer support the qualification.
5. How can it be said that ACCA profession is accepted worldwide?
Among any profession, it is a well-known fact that UK professional qualifications have an edge over similar qualifications of other countries and are widely accepted in most of the countries, in the world. It is also a well known fact that in UK both Institute of Chartered Accountants of England and Wales as well as the Association of Chartered Certified Accountants (ACCA) are the premier professional bodies, set up to promote the profession of Accountancy, Auditing and Taxation.
6. Whether ACCA qualified professionals are permitted to work/practice in India independently?
ACCA professionals are allowed to work in India and many other countries since this programme is accepted and followed in 170 Countries. With the advent of globalization, developmentand integration of professional standards, negotiations are taking place between ICAI and ACCA to recognize both Indian CA and ACCA for the purpose of permitting the respective members for public practice in both countries after undergoing a proficiency course in taxation/corporate laws of countries.
7. What are the advantages for joining ACCA?
A student who has passed 10+2 having attained an age of 18yrs is eligible to join ACCA, which means the student will become professionally qualified at the age of 21.
8. What are eligibility criteria for joining ACCA?
10+2 candidates (Commerce, Accountancy or Mathematics as one of the subjects), Graduates, Postgraduates or professionals.
9. How many parts / papers are there in ACCA?
There are 14 papers for ACCA
10. What are the exemptions available?
Qualifications Exemptions
B.Com/M.Com/ICWAI - Papers F1, F2, F3, F4
MBA/CA Inter - Papers F1, F2, F3
CA - Papers F1, F2, F3, F4, F6, F8
CS - Paper F4
11. Whether all students who have qualified 10+2 can join for ACCA?
Only those students with 65% in any two subjects and 50% in the remaining subjects, separately, can join for ACCA.
12. What is CAT?
Certified Accounting Technician (CAT) is the requisite qualification for ‘book keepers’ in UK. After passing 5 papers of CAT the candidate can opt for ACCA.
13. What are the advantages of CAT?
CAT itself being a professional entry-level qualification is suitable for joining lower level management cadre.
14. Besides 10+2 and Graduates, whether any other aspirants can join ACCA?
Candidates without any formal qualification can join ACCA through ‘Foundations in Accountancy’, irrespective of their educational qualifications.
15. What are the requirements to qualify ‘Foundations in Accountancy’ and join for ACCA thereafter?
The levels of FIA qualifications:Introductory, Intermediate & Diploma have to be successfully completed so a to become eligible for joining ACCA.
16. What will be the course fee for ACCA?
During its full tenure, the course fee for ACCA will be decided by management payable in easy instalments. In addition to above, fee payable to ACCA, U.K should be remitted separately.