Do you want to know the ACCA after Bcom duration and how long it will take to complete this globally recognized qualification? The duration of ACCA after Bcom is 2 to 3 years. ACCA is the most sought-after course for all commerce graduates looking forward to building a career in accounting, finance, and auditing. This article will give you detailed insights into the duration, syllabus, exemptions, and more about pursuing ACCA after completing your BCom degree.
What is ACCA?
ACCA is a globally recognized, UK-based professional body of professional accountants. It offers a qualification accepted in more than 180 countries; India, one of those countries, equips students with the knowledge and skills to progress into careers in accounting, finance, taxation, and management consulting.
ACCA After Bcom Duration
ACCA After Bcom usually takes 2-3 years to complete your ACCA qualification after Bcom. The time depends on how fast you can study and how many exams you take every year. But with consistent effort, you could finish it earlier.
You will have up to 5 exemptions if you hold a BCom degree. This will reduce the number of papers that you have to clear. Therefore, you can finish ACCA in just 2 years with the help of these exemptions, making it an intelligent choice for commerce graduates who wish to obtain an international qualification quickly.
However, if you are still in college and haven’t cleared bcom, it will take 3-4 years as you will not be eligible for any exemption. Only if you cleared your bcom, will you qualify for the exemption.
ACCA Exemptions for BCom
If you pursued or completed a bcom from an accredited state or central university, you can get five exemptions in the ACCA program. Therefore, you would only be required to take 8 out of 13 papers under the ACCA program, which makes it faster to complete the ACCA qualification. Even students in the second year of their Bcom are eligible for these exemptions, saving time and effort.
ACCA exemption after bcom makes the provision for those who strive for a career in accounting and finance. Recognizing your bcom degree exempts you from specific ACCA exams based on subjects you have already studied. This minimizes the number of courses and, subsequently, the cost, thereby speeding up the advanced-level papers and boosting your career.
Upon completing a bcom degree, students can earn exemptions for 5 ACCA qualification papers. Our ACCA Exemption Calculator will confirm the exact exemptions earned for your degree. Check your eligibility and start your journey with ACCA faster through the steps they give.
If you are eligible for ACCA exemptions after your Bcom, you can skip the following five papers:
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (FA)
- Corporate and Business Law (LW)
- Taxation (TX)
Is Bcom Necessary For ACCA?
No, one doesn’t require a BCom degree to pursue the ACCA. Any candidate who has finished their 12th grade can start the ACCA. Depending on any stream, be it commerce, science, or arts, a student can apply for it. ACCA is more concerned with accounting, finance, and business skills, which you can learn without a business background.
Most students begin with ACCA directly after school, while others start with graduation. Despite not having a bcom, one can successfully pass the exams with proper study planning. The course provides the building blocks of knowledge right from the start, so even those who did not complete college have a better chance at it.
Job Opportunities After ACCA
There are various accounting, finance, and auditing job opportunities after ACCA. A person can be a Financial Analyst, Auditor, Tax Consultant, or Management Accountant. Most big companies, banks, and multinational firms recruit ACCA professionals because of their strong knowledge in finance and accounting.
You can work as a Risk Manager, Business Analyst, and Finance Manager. The qualification of ACCA is recognized worldwide, and you find opportunities in India, the UK, UAE, and Singapore. If you acquire the right blend of skills and experience, you may rise through the corporate ladder fast and even become a Chief Financial Officer (CFO) one day.
ACCA After Bcom Duration FAQs
1. How long does the ACCA take after BCom duration?
Depending on exemptions and exam pace, ACCA takes 2 to 3 years after BCom duration.
2. How many ACCA papers are exempted after doing BCom?
After Bcom, 5 ACCA Papers are exempted.
3. Is ACCA after BCom worthwhile?
Yes, ACCA provides job opportunities almost worldwide, higher salary potential and recognition in more than 180 countries.
4. Can one proceed with the ACCA straight after B Com without exemptions?
Yes, but it’s not that advisable now. You qualify to take exemptions after BCom.
There is additional study and expenditure if you fail to take advantage of exemptions.
5. What is my ACCA paper after BCom?
Applied skills and strategic professional papers, Financial Reporting: Management Accounting, Audit, and Strategic Leadership.
