Choosing a profession can be a challenging task for many individuals. With so many career paths available, it can be hard to decide which one is the right fit. One option that has gained popularity in recent years is the Association of Chartered Certified Accountants course. The ACCA qualification is well-respected in various industries, making it a valuable asset for those who obtain it. This article will explain what the ACCA course is, what does it cover, and the salary you can expect in India after completing it.
ACCA Details That You Will Find Important
The ACCA qualification provides a solid foundation for a successful career in accounting and finance. With its global recognition, diverse career paths, skill development, networking opportunities, and competitive salary prospects, ACCA course has the ability to help you build a rewarding and sustainable career. Here are some things that you should know before-hand starting your ACCA journey: –
ACCA Levels
To qualify as an ACCA member, students must pass 13 exams, complete a Professional Ethics module, and gain relevant work experience of at least three years. The ACCA course consists of three levels:
- Applied Knowledge: This level covers the fundamentals of accounting and business. It includes subjects such as Business Technology, Management Accounting, and Financial Accounting.
- Applied Skills: At this level, students learn more complex topics. Here, they study subjects like Corporate and Business Law, Performance Management, and Financial Management.
- Strategic Professional: This is the final level and includes two components: Strategic Professional Objective and Strategic Professional Skills. Students get to choose from various options like Advanced Management and Audit.
ACCA Exam Preparation
As invaluable as the ACCA course is, of course it requires hard work and nearly 6-7 hours of study each day. For a stress-free preparation you can resort to ACCA coaching like Zell Education, Zell has been in the field of ACCA coaching for approx. 10 years, they have exam-oriented questions, Previous Year Questions (PYQ’s) and trained faculty to provide you with adequate support.
Time Commitment
The time it takes to complete the ACCA course varies depending on the individual. Some students choose to study full-time while others may opt for part-time studies, especially if they are working. Typically, it can take anywhere from two to three years to complete all the required exams, but it may take longer if someone studies part-time.
Costs Involved
Before deciding to pursue the ACCA qualification, it is essential to consider the costs involved. Students have to pay registration fees, exam fees, and course material costs. It is advisable to prepare a budget before starting the course to understand financial commitments better.
Job Opportunities
After completing the ACCA qualification, various job opportunities are available. Many graduates find positions in accounting firms, corporations, financial institutions, and government agencies. With an ACCA qualification, you have various career paths to choose from, each with rewarding salaries. The ACCA qualification can lead to a variety of exciting careers and high ACCA Salary in India. Some specific roles include:
- ACCA brings numerous job opportunities in the field of Audit especially in Big 4 Audit Firms. Auditors review financial statements to ensure honesty and accuracy. They help companies understand their financial position and improve their processes. As an auditor, you can expect to earn around INR 7 to 12 lakhs per year, with more experienced auditors earning even higher salaries.
- Another job profile ACCA offers is being a Tax Consultant, as a Tax consultant you help individuals and companies plan their taxes and ensure they comply with tax laws. You will provide advice to minimize tax liabilities and maximize savings. In India, tax consultants can earn anywhere from INR 8 to 15 lakhs per year.
- As an accountant, your main job is to prepare and manage financial records for businesses. You will ensure that all financial information is accurate and complies with laws. Accountants in India can earn between INR 6 to 10 lakhs per year, depending on their experience and the size of the company.
- As you know that ACCA also offers job roles in the finance field, you can get a job as Finance analyst or finance manager, In this role, you oversee a company’s financial health. You will manage budgets, investments, and financial planning. Finance managers can earn between INR 12 to 20 lakhs per year, depending on their level of responsibility and experience.
Why Choose ACCA?
Choosing a career is an important decision that requires careful consideration. The ACCA course provides a strong foundation in accounting and finance, leading to a number of job opportunities and decent salary prospects. As businesses continue to grow and evolve, the demand for qualified accounting professionals remains high in India and around the world. If you find that accounting and finance align with your aspirations, pursuing ACCA could be a rewarding path for you.
