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Ca - Acca

The document discusses the differences between the CA and ACCA qualifications. It notes that CA is structured for the Indian market and allows one to practice as a Chartered Accountant in India, while ACCA is a global qualification. However, ACCA students can still find placements in India, especially in large cities. CA is highly demanded due to its much lower passing percentage of 4-5% compared to 40-50% for ACCA. Earning the CA designation adds prestige as it denotes expertise in various financial and business domains. Additionally, CA training is less expensive due to it being an Indian recognized course versus the U.K. recognized ACCA.

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AJU JOSEPH
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69 views2 pages

Ca - Acca

The document discusses the differences between the CA and ACCA qualifications. It notes that CA is structured for the Indian market and allows one to practice as a Chartered Accountant in India, while ACCA is a global qualification. However, ACCA students can still find placements in India, especially in large cities. CA is highly demanded due to its much lower passing percentage of 4-5% compared to 40-50% for ACCA. Earning the CA designation adds prestige as it denotes expertise in various financial and business domains. Additionally, CA training is less expensive due to it being an Indian recognized course versus the U.K. recognized ACCA.

Uploaded by

AJU JOSEPH
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The requirement of finance professionals is increasing day by day in modern

businesses. Thus the role of Chartered Accountants is evolving across various parts of
the worlds as business requires professionals to manage. Professionals who
are qualified in Finance and have knowledge in Taxation, Auditing, Legal, and
Management are in huge demand as the scope across each field is expanding.

CA is professional accounting degree offered by the Indian Institute of Chartered


Accounting (ICAI), which allows an individual to practice Chartered Accountant in
India.

Before a student begins with any level of CA they have to clear an entrance exam ie
CPT. CA a student has to clear the IPCC, article ship and final level, after clearing
CPT, to become a CA professional. The IPCC level consist of two groups which are to
be given together. If a student fails to clear even one single paper than he/ she has
to sit for the whole group again which creates a kind of frustration among the
students as they have to sit for a particular papers again and again even after
clearing it once. CA exams are conducted twice a year in May and November.

The rigid rules of 3 years CA article ship leads to cheap labor for its members and
even after working with so much determination the students cannot expect any
stipend from their employer.

Out of 1 lakh students only 5000 students are able to clear and become CA
profesionals. Out of 5000 students only 1200 students are able to get a placement
with an average salary of 6-7 lakhs per annum.

CA ACCA
Practice in India Those who want to practice ACCA is the one
as a Chartered Accountant qualification that can be
in India or want to join some called a truly global
Indian Firm as a partner Chartered Accountancy
should not go with ACCA. qualification. But please
Because CA enjoys a note that in India also
monopoly of doing ACCA students are
1. attestation and auditing of getting placed easily in
Financial Statements in Big 4 and MNC’s. But this
India. CA from ICAI is the maybe true only for
only one qualification that those in cities and the
allows a person to practice same employment
as a Chartered Accountant opportunities might not
in India be available in rural
areas.
Structured According CA is structured for the ACCA is mainly
to Indian Laws Indian Market. Those who structured for the global
want to grow their career market
2. with India should pursue CA
course rather than ACCA.

Highly Demanded Value of Chartered The passing percentage


Accountants still should not of ACCA is 40-50%,
be compared with ACCA. which makes the
3.
The passing percentage of Chartered Accountants
CA lies between 4-5%. more demandable
compared to ACCA.
Highly Respected As soon as the prefix CA is
added to your name, one is
deemed to be an expert in
various domains such as
accounting, auditing,
4.
taxation, corporate laws,
Finance etc. Therefore,
Chartered Accountants are
highly respected in the
society.
Less Fee Structure CA is an Indian recognized ACCA is U.K recognized
course. the fee structure of course.
5.
ACCA is much higher
comparatively CA.

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