what is the difference between ACCA and CA in india
CA VS ACCA. What are the major differences?

CA VS ACCA. What are the major differences?

What is the difference between CA and ACCA?

This is a very common dilemma that most students have. We shall take a deep dive to understand the primary difference between both these courses.

Both CA and ACCA are highly qualified financial courses designed for accounts and financial professionals.  

Chartered accountants are those professionals who are qualified to take on specific activities within the spectrum of accountancy such as auditing financial statements, filing tax returns and financial advising. The professional body that governs this group of accounting professionals is the ICAI (Institute of Chartered Accountants of India)  under the Act of parliament.

ACCA (Association of Chartered Certified Accountants) is a global certification for Chartered Accountancy. It’s the world’s largest accountants association over 170 countries, training more than 3,70,000 students all over the world. It is a very flexible course as students can write the papers at any time during the 4 exam windows. The additional benefit is that in the event that they do not clear one paper they need only write that particular paper and not the whole group, unlike CA.

 

CA is based on corporate and legal laws along with accounting standards based out of India, the main focus is on the Indian constitution.



 

CA

ACCA

Regulatory Body

ICAI

ACCA

Course Duration

4.5 -5  years

2-3 years

Eligibility

Class 12

Class 10/ Class 12

Pass criteria

Obtain 40% for Individual subjects and 50% aggregate in each group

50% for individual papers

Course Format

3 Levels - Foundation, intermediate, final

3 Levels - Knowlege level, skills level and professional level

Exemption

Graduates get direct entry to intermediate level (exemption for foundation)

Graduates get direct entry to

Skills level (exemption for knowledge level)

Field of work

Primary inspection across taxation and accounting.

Works across various finance positions primarily in govt and private sectors.