ACCA (Association of Chartered Certified Accountants) and CA (Chartered Accountancy) are two very prestigious qualifications in the field of accounting and finance. These designations signify expertise in accounting, they have distinct features, requirements, and recognition. In this article, the differences and similarities between ACCA and CA are explored. ACCA and CA qualifications both open doors to fulfilling careers in accounting and finance. ACCA provides worldwide recognition, flexibility, and a curriculum designed for those seeking global prospects. Conversely, CA qualifications might be more valued in certain industries or areas because of their local focus and specialized regulatory expertise. To decide amongst ACCA and CA the aspirants can narrow it down as per their career aspirations, personal preferences, and also where they want to see themselves. This article gives an insight into distinguishing ACCA versus CA to help you decide on the path that aligns better with your goals.
CA vs ACCA
The complete comparison between ACCA and CA has been stated below.
Course Structure
The course structure of ACCA and CA is quite different, as stated below.
ACCA Course Structure
The ACCA course structure levels have been stated below.
- Modular Structure
- Applied Knowledge Level
- Applied Skills Level
- Strategic Professional Level
- Practical Experience Requirement (PER)
CA Course Structure
The CA course structure levels have been stated below.
- Integrated Course Structure
- Foundation Level
- Intermediate Level
- Final Level
- Articleship/Training
- Examination Structure
Duration
ACCA takes around three to four years to complete all the exams and fulfill the Practical Experience Requirement (PER) to become a full member. However, it is a self-paced course. CA, on the other hand, lasts from four to six years, depending on the institute’s requirements and the candidate’s progression through the exams and articleship.
Registration Fee
ACCA has a one-time registration fee for new students, which is typically around £79 to £105 GBP. The registration fees for the CA qualification can vary depending on the country and the specific CA institute offering the qualification.
Eligibility
The educational needs for CA qualifications vary according to the country and the specific CA institute offering the qualification. Typically, candidates need a bachelor’s degree in accounting, commerce, or a related field from a recognized university or educational institution. On the other hand, there are no formal educational requirements to start the ACCA qualification at the foundation level. Candidates with a high school diploma or equivalent qualification can begin at the foundation level.
Job Profile
Both CA and ACCA professionals work more or less in the same field of functionality, namely, audit, financial accounting, and financial management. However, their area of specialization is quite different and their job role is dependent on their qualifications and professional backgrounds. If we compare CA with ACCA, CA has a focus on audit, taxation, and financial reporting whereas, ACCA professionals have a wider scope in the area of management accounting, business advisory and also, and risk management.
Recognition
CA and ACCA can take up jobs as qualified accountants, but they differ in global recognition and mobility. ACCA is identified globally and also offers opportunities for them to take up jobs globally in the same domain. As far as CA is concerned, it is recognized in a few countries or regions and also in certain kinds of industries and sectors. The choice between CA and ACCA is purely dependent on an individual’s career choices and aspirations.
Fig: CA vs ACCA
CA vs ACCA Salary
The salary potential for both the CA and ACCA-qualified members have a high potential to earn competitive salaries depending on their personal experience, job roles, qualifications, etc. People who have higher experience in areas of accounting and finance are entitled to earn a much higher salary quotient. In a few countries, CA’s are expected to be earning a six-figure salary or even more. For ACCA-qualified individuals, the salary range is dependent on the region or country but still, it has the potential to earn a very high salary with a global mobility option.
Conclusion
Both ACCA and CA qualifications offer pathways to rewarding careers in accounting and finance. ACCA provides global recognition, flexibility, and a comprehensive curriculum, making it suitable for candidates seeking international opportunities. On the other hand, CA qualifications may be preferred in certain jurisdictions or industries due to their local focus and specific regulatory knowledge. Ultimately, the choice between ACCA and CA depends on individual career goals, preferences, and the desired geographical scope of practice.
| Highlights ACCA takes around three to four years to complete and CA, on the other hand, lasts from four to six yearsACCA has a one-time registration fee for new students, which is typically around £79 to £105 GBP. The registration fees for the CA qualification can vary significantly depending on the country and the specific CA institute offering the qualification.The educational requirements for CA qualifications vary depending on the country and the specific CA institute offering the qualification.CAs and ACCA members may work in similar areas such as audit, financial accounting, and financial management, they may have different specializations and job roles based on their respective qualifications and professional backgrounds.ACCA and CA qualifications offer pathways to becoming qualified accountants, but they differ in terms of global recognition and mobility. |
ACCA vs CA FAQs
Q1. Which qualification is more recognized internationally: ACCA or CA?
Ans. ACCA is generally more recognized internationally, with its qualification accepted in over 180 countries. It offers greater mobility and opportunities for global career progression.
Q2. What are the typical entry requirements for the ACCA and CA programs?
Ans. ACCA has flexible entry requirements, allowing candidates from various educational backgrounds to enroll in the program. CA programs may require specific academic qualifications or prerequisites, varying by country or region.
Q3. How long does it take to complete ACCA or CA qualifications?
Ans. The duration of both ACCA and CA qualifications varies depending on factors such as prior education, exam performance, and study pace. Generally, ACCA takes around three to four years to complete, while CA programs may vary in duration.
Q4. Are there any exemptions available for ACCA or CA exams?
Ans. ACCA offers exemptions from certain exams based on candidates’ prior qualifications or professional certifications. CA programs may also grant exemptions for relevant academic achievements or professional qualifications.
Q5. Which qualification is better for career advancement: ACCA or CA?
Ans. Both ACCA and CA qualifications can lead to successful careers in accounting and finance. ACCA offers global recognition and opportunities, while CA qualifications may be preferred in specific industries or regions. The choice depends on individual career goals and preferences.
Q6. ACCA vs CA which is easier?
Ans. The difficulty between ACCA (Association of Chartered Certified Accountants) and CA (Chartered Accountants) can vary based on individual strengths and preferences. ACCA tends to have a more global focus, covering international accounting standards, whereas CA qualifications may be more tailored to specific national regulations.
