Path to Chartered Success: ACCA Course Overview

ACCA is offered by 'Association of Chartered Certified Accountants', a professional accountancy body recognized globally.  ACCA has 200K+ members globally and more than 500K+ students.

There are 3 stages after you registration:
(i) Pass 13 exams over 3 levels - Knowledge Level (3 papers), Skill level (6 papers) and Strategic Professional Level (2 essential subjects and 2 out of 4 optional subjects).
(ii) Complete Ethics and Professional Skills Module of 15hrs involving 10 units.
(iii) Gain 36 months of supervised experience in the relevant role of accounting or finance involving nine performance objectives.

Experience can be gained prior to registering with ACCA, while you are studying for the exams or after you have completed the exams. You can gain experience in different roles and with different employers.   Experience can be gained prior to registering with ACCA, while you are studying for the exams or after you have completed the exams. You can gain experience in different roles and with different employers.

10+2 with an aggregate of 65% in Mathematics or Accounts and English, and a minimum of at least 50% in all other chosen subjects.

All 3 levels can be completed within 2 to 3 years depending on number of papers one attempts at each exam cycle and clear it.
You need to complete foundation level and skill and professional level exams. It can take 4 to 4.5 years.

Visit ACCA global. https://www.accaglobal.com/acca-registration-intro.html

Registration fees £30.
Exam Fees - Knowledge level £84 per paper.
Skill level - £129 per paper.
Professional SBL - £227 and other papers - £162 per paper.
The fee for EPS Module - £71.
In addition to the exam and tuition fee, the yearly annual subscription fee will be £116.
Tuition fee is extra and will be as charged by the ALP (Approved Learning Partner).

All those countries which have adopted IFRS or have international operations like in India, UK, USA, Singapore, European countries, etc., would be beneficial for ACCA professionals. An ACCA has access to international opportunities and placements with MNCs and Big4s/

ACCA has a dedicated placement portal where jobs are listed by approved employers. Check on  ACCA Careers for more guidance and help.

Initial salary can be in the range of Rs.6 lakhs to Rs.8 lakhs

It depends on the aspirations and goals of the students for the choice of course to be made.
US CMA covers costing and management subjects mostly and ACCA covers finance ,accounting and tax subjects
The job roles depend upon the area of practice of the professionals. Cost and management accountants can take up roles of financial accountants, financial risk manager, consultant, performance manager, and cost accountant while ACCA professionals can work as chief financial officer, auditor, finance manager, forensic accountant, management accountant, tax specialist and corporate treasurer.

It is recommended to do the full course, without claiming exemptions, to get the full knowledge expected out of an ACCA professional. It also helps in getting jobs

ACCA exams are Computer Based Exams (CBE).
Knowledge level papers and the Law paper from Skill level are for 2hrs and are objective type, other 5 papers in Skill Level are for 3 hrs and have objective and subjective elements.
Professional level papers are 3.25 hrs /4 hrs scenario-based exams.

Knowledge level papers are on demand CBEs
Skill and professional levels are CBEs which are scheduled 4 times a year - March, June, September, December.

Exemptions can be claimed at the time of registration based on the student's qualifications at the time of registration for ACCA. Subsequent exemptions are not available. You have to pay fees to claim exemption.

Papers have to be attempted level wise. One must clear Knowledge level first, Skill level next and then the Professional level papers last. But within a level, students can choose which paper to attempt first. It is recommended that a student completes the EPS module before attempting strategic level papers

An ACCA student can attempt a maximum of 4 papers in a cycle and a maximum of 8 papers in a calendar year.