ACCA vs CA, the two most searched courses among the commerce stream students. But, which to get enrolled in? ACCA vs CA which is a better and which is a tougher career option in India? What is the difference between ACCA and CA? Which course has the Global Standards? Which is flexible enough? Or what is their duration?
If you are in similar dilemma of which will be the best career option? Then, let us proceed with this article.
Firstly, we will understand what these two courses are about:
ACCA
Association of Chartered Certified Accountants (ACCA), a global body of professional certified accountants spread over 176 countries. This is one of the world’s largest accounting associations which have been established in 1904 in London, UK.
ACCA has thriving global community of 227,000 members and 544,000 future members. It describes to uphold the highest professional and ethical values of the Accounting and Finance profession and based on UK GAAP, their Laws, and IFRS and this is definitely an advantage of doing ACCA.
After pursuing ACCA, one can start her career either with MNCs or any Indian firm working for international clients. Some countries which majorly accept the ACCA qualification are Australia, Ireland, the UK, Canada, and many others.
CA
Chartered Accountancy (CA), the only authorized professionals who can audit the Financial Statements of an organization in India.
They expertise in multiple disciplines like accounting, auditing to finance, taxation, corporate laws, etc. The career options after becoming a Chartered Accountant are various. They can join as Internal auditors in an Audit firm, or Local or Multinational Company, or can join some foreign or local banks to mentor them in their financial and legal matters or start their own practice.
But CA has been regarded as one of the toughest course in India. One can pursue a CA course any time after qualifying 12th. There is no age limit to become a Chartered Account neither ICAI restricts students with any number of attempts to give this exam.
Even after being an Indian recognized course, the fair part of Chartered Accountancy is no reservation system neither during the study period nor at the time of placement.