The Association of Chartered Certified Accountants (ACCA) is a globally recognised qualification that opens doors to prestigious career opportunities in finance, auditing, and consulting. As an international certification, ACCA is widely pursued by students and professionals seeking a competitive edge in accounting. The demand for ACCA professionals is rapidly increasing in India, making it a sought-after qualification. Hamzah Academy provides expert guidance and coaching to help students achieve ACCA certification efficiently.
Eligibility Criteria for ACCA in India
Students must meet specific eligibility requirements to enroll in the ACCA program in India. The qualification offers flexibility, allowing candidates from diverse academic backgrounds to apply. The eligibility criteria include:
- Students who have completed Class 12 (Commerce Stream) with a minimum of 65% in Mathematics/Accounts and English and at least 50% in other subjects.
- Graduates (B.Com, BBA, BMS, MBA, or equivalent) can apply directly for ACCA.
- CA aspirants or qualified CAs can receive exemptions for certain ACCA papers, reducing the number of exams required.
- Other professional degree holders (such as CMAs and CSs) may also be eligible for paper exemptions based on their qualifications.
ACCA Exam Structure and Syllabus
The ACCA qualification consists of three levels:
1. Applied Knowledge Level
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (FA)
2. Applied Skills Level
- Corporate and Business Law (LW)
- Performance Management (PM)
- Taxation (TX)
- Financial Reporting (FR)
- Audit and Assurance (AA)
- Financial Management (FM)
3. Strategic Professional Level
- Strategic Business Leader (SBL)
- Strategic Business Reporting (SBR)
- Two elective subjects (Advanced Audit and Assurance, Advanced Financial Management, Advanced Taxation, Advanced Performance Management)
ACCA Exam Pattern and Duration
- The ACCA exams follow a computer-based format.
- Exams are conducted four times yearly (March, June, September, and December).
- Students can complete ACCA within 2-3 years, depending on their study pace and exemptions.
ACCA Fees Structure in India
The cost of pursuing ACCA in India varies based on registration fees, exam fees, and tuition fees. Below is an estimated breakdown:
- Initial Registration Fee: Approx. £79
- Annual Subscription Fee: Approx. £112
- Exemption Fees: Varies (Based on prior qualifications)
- Exam Fees:
- Applied Knowledge Level: £125-138 per paper
- Applied Skills Level: £140-180 per paper
- Strategic Professional Level: £190-260 per paper
- Coaching Fees: Depends on the institution (can range between INR 50,000 – 2,50,000 for full training)
Many reputed academies, such as Hamzah Academy, offer comprehensive coaching and guidance for ACCA aspirants, making the learning process more structured and efficient.
Why Choose ACCA in India?
1. Global Recognition
The ACCA qualification is recognised in over 180 countries, making it an excellent option for students aiming for international career opportunities.
2. Flexibility in Study and Work
ACCA provides flexibility, allowing students to study while working. The modular exam structure enables candidates to pace their learning according to schedule.
3. High Salary Potential
ACCA professionals in India can expect salaries ranging from INR 6 LPA to INR 15 LPA, depending on experience and industry.
4. Exemptions for CA and Other Qualifications
Chartered Accountants (CAs) and other professional accountants can claim exemptions for multiple papers, significantly reducing the time required to complete the ACCA course.
5. Diverse Career Opportunities
ACCA-certified professionals can work in Big Four firms, multinational corporations, financial institutions, and consultancies in roles such as:
- Financial Analyst
- Internal Auditor
- Risk Manager
- Tax Consultant
- Chief Financial Officer (CFO)
How to Register for ACCA in India?
To enroll for ACCA in India, follow these steps:
- Visit the official ACCA website and create an account.
- Submit the required documents (academic transcripts, ID proof, and passport-sized photo).
- Pay the registration and exemption fees (if applicable).
- Enroll in an ACCA coaching center like Hamzah Academy for guided preparation.
- Schedule and attempt exams as per your study plan.
Conclusion
Pursuing ACCA in India is an excellent career move for students and professionals aiming for global opportunities in accounting and finance. With high demand, competitive salaries, and international recognition, ACCA offers a future-proof career path. Whether a recent commerce graduate or a working professional, ACCA equips you with the necessary skills to thrive in the corporate world. Hamzah Academy ensures students receive the best training and mentorship to excel in their ACCA journey.
