{"id":1975,"date":"2024-10-28T17:03:22","date_gmt":"2024-10-28T11:33:22","guid":{"rendered":"https:\/\/www.thewallstreetschool.com\/blog\/?p=1975"},"modified":"2024-10-28T17:03:22","modified_gmt":"2024-10-28T11:33:22","slug":"acca-eligibility-criteria","status":"publish","type":"post","link":"https:\/\/www.thewallstreetschool.com\/stg-new\/acca-eligibility-criteria\/","title":{"rendered":"ACCA Eligibility Criteria &#8211; After 10th, 12th, Graduation, After CA"},"content":{"rendered":"<h2><strong>What is ACCA Course: Subjects \/ Fees \/ Duration &amp; Eligibility<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">ACCA, the globally recognised Institute of Chartered Certified Accountants, has 200,000+ members and 600,000+ students in 181 countries. It is a prestigious qualification for a successful accounting career abroad.<\/span><\/p>\n<h2><strong>Why Study ACCA? Benefits of Doing ACCA<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Studying ACCA (Association of Chartered Certified Accountants) offers numerous benefits and opportunities for aspiring professionals in accounting and finance.<\/span><\/p>\n<p><strong>Here are some reasons why studying ACCA is advantageous:<\/strong><\/p>\n<p><b>Global Recognition:<\/b><span style=\"font-weight: 400;\"> ACCA is a globally recognised qualification, pursued by over 5,44,000 students in 181 countries, making it a &#8220;Global\u00a0Chartered Certified Accountant..&#8221;<\/span><\/p>\n<p><b>Dual Degrees: <\/b><span style=\"font-weight: 400;\">ACCA offers the opportunity to graduate with two degrees by clearing 13 papers, providing flexibility to complete the qualification alongside graduation.<\/span><\/p>\n<p><b>Broad Job Prospects:<\/b><span style=\"font-weight: 400;\"> ACCA opens doors to diverse roles in India and abroad, including corporate financial reporting, taxation, risk management, and more.<\/span><\/p>\n<p><b>Exam Flexibility:<\/b><span style=\"font-weight: 400;\"> ACCA exams are online, application-based, and offer flexibility in exam scheduling, allowing students to focus on one paper at a time.<\/span><\/p>\n<p><b>High Pass Rates:<\/b><span style=\"font-weight: 400;\"> ACCA boasts relatively high pass rates, around 50%, indicating a reasonable probability of completing the qualification with proper guidance and coaching.<\/span><\/p>\n<h2><strong>ACCA Eligibility<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">ACCA has established specific eligibility criteria for the 2023 exams on its official website. Candidates should thoroughly review these criteria before applying.<\/span><\/p>\n<h3><strong>ACCA after 12th<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">As per the eligibility requirements set by ACCA, individuals must have attained a minimum age of 18 years and successfully finished their higher secondary education with a combined score of 65% in Mathematics\/Accounting and English and a minimum aggregate score of 50% in all other subjects.<\/span><\/p>\n<h3><strong>ACCA after Graduation<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Commerce students pursuing degrees like B.Com, BBA, and BMS can appear for ACCA exams.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Similarly, graduates with BA\/B.Sc. Degrees from recognised universities can pursue the ACCA course, provided they complete the ACCA Foundation diploma as a preliminary requirement.<\/span><\/p>\n<h3><strong>ACCA after 10th<\/strong><\/h3>\n<p>ACCA exam consists of 3 levels but for those students who wish to pursue ACCA after 10th, they have and added level known as Foundation in Accountancy.<br \/>\nThis is specifically designed for individuals after Class 10th and those without a background in accountancy. For those following non-FIA routes in ACCA, there are three levels: Knowledge Level, Skill Level, and Professional Level. To earn ACCA certification, candidates need to successfully complete 13 exams spread across these levels.<\/p>\n<p><strong>Foundations in Accountancy: <\/strong><br \/>\n\u2022 ACCA Diploma in Financial and Management Accounting (RQF Level 2)<br \/>\n\u2022 ACCA Diploma in Financial and Management Accounting (RQF Level 3)<br \/>\n\u2022 ACCA Diploma in Accounting and Business (RQF Level 4)<br \/>\n\u2022 Certified Accounting Technician (CAT)<\/p>\n<h3><strong>ACCA after Indian Accountancy<\/strong><\/h3>\n<p><strong>Indian Accountants can obtain up to 9 exemptions from ACCA&#8217;s 13 papers, moving them directly to the professional level with just 4 papers to clear.<\/strong> This shortcut not only saves time but also provides a strong qualification. Also, CA IPCC Students (Foundation and Intermediate) get an exemption from appearing in 5 ACCA papers.<\/p>\n<p>Your CA experience plus ACCA&#8217;s global learning create a well-rounded finance pro. Plus, your CA internship after IPCC group 1 counts as real-world experience for ACCA. CA is known for its tough pass rate, while ACCA&#8217;s is easier at 40-50%.<\/p>\n<h3><strong>Age Criteria : Minimum Limit<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Candidates must be at least 16 to enrol in the ACCA Foundation diploma course.<\/span><\/p>\n<h2><strong>ACCA Course Duration<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The <\/span><span style=\"font-weight: 400;\">ACCA course duration<\/span><span style=\"font-weight: 400;\"> spans a period of 2 to 3 years, allowing individuals to embark on their professional journey after completing their degree.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\"><strong>ACCA Levels and Exams<\/strong><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The ACCA exam structure consists of two primary levels \u2014 the Fundamental and Professional levels.<\/span><\/p>\n<h3><strong>Fundamental Level<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The Fundamental level is divided into two modules, Knowledge and Skills, covering nine subjects. This level provides students with a solid foundation in financial and management accounting.<\/span><\/p>\n<h4><b>Knowledge Module:<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">This module focuses on three subjects:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Management Accounting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Accounting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Business &amp; Technology<\/span><\/li>\n<\/ul>\n<h4><b>Skills Module:<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">The Skills module delves deeper into technical knowledge and practical skills required in the financial industry. It includes the following six subjects:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Performance Management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Taxation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Reporting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Audit and Assurance<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial Management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Corporate and Business Law<\/span><\/li>\n<\/ul>\n<h3><strong>Professional Level<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">The Professional level is an advanced level with significant weightage, similar to a Master&#8217;s degree. It is for individuals aspiring to work in organisations&#8217; senior advisory or consultancy positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Professional level also consists of two modules:<\/span><\/p>\n<h4><b>Essentials Module:<\/b><\/h4>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic Business Reporting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Strategic Business Analysis<\/span><\/li>\n<\/ul>\n<h4><b>Options Module:<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Students can choose two subjects from the following options:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Financial Management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Taxation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Performance Management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Advanced Audit and Assurance<\/span><\/li>\n<\/ul>\n<h3><strong>Ethics and Professional Skills<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">In addition to the above modules, the Ethics and Professional Skills module is essential to becoming an ACCA-certified professional. This module focuses on developing professional skills such as communication, leadership, and commercial awareness.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The assessment is done through a 15-hour review session instead of an examination.<\/span><\/p>\n<h2><strong>ACCA Salary in India<\/strong><\/h2>\n<p><strong>The <a href=\"https:\/\/thewallstreetschool.com\/stg-new\/acca-salary-in-india\/\">salary range for ACCA professionals<\/a>\u00a0in India varies across different sectors as outlined below:<\/strong><u><\/u><u><\/u><\/p>\n<ul>\n<li>Accounting sector: \u20b915-18 LPA<\/li>\n<li>Taxation sector: \u20b912-15\u00a0LPA<\/li>\n<li>Financial reporting sector: \u20b912-15\u00a0LPA<\/li>\n<\/ul>\n<p><strong>For freshers, the average salary for ACCA professionals in India is \u20b96.25 LPA &#8211; Source &#8211; <a href=\"https:\/\/www.payscale.com\/research\/IN\/Certification=Chartered_Certified_Accountant%3A_ACCA_(Association_of_Chartered_Certified_Accountants)\/Salary\" target=\"_blank\" rel=\"noopener\">Payscale<\/a><\/strong><span style=\"font-weight: 400;\"><strong>.<\/strong> Note that these figures represent the average salary and can vary depending on company size, experience, and location.<\/span><\/p>\n<p><a href=\"https:\/\/www.thewallstreetschool.com\/acca-coaching-program?&amp;utm_source=Website&amp;utm_medium=Blog&amp;utm_campaign=Website_Blog_1975\"><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-1899\" src=\"https:\/\/thewallstreetschool.com\/stg-new\/wp-content\/uploads\/2023\/06\/ACCA-Ad-1024x1024.png\" alt=\"\" width=\"500\" height=\"500\" srcset=\"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-content\/uploads\/2023\/06\/ACCA-Ad-1024x1024.png 1024w, https:\/\/www.thewallstreetschool.com\/stg-new\/wp-content\/uploads\/2023\/06\/ACCA-Ad-300x300.png 300w, https:\/\/www.thewallstreetschool.com\/stg-new\/wp-content\/uploads\/2023\/06\/ACCA-Ad-150x150.png 150w, https:\/\/www.thewallstreetschool.com\/stg-new\/wp-content\/uploads\/2023\/06\/ACCA-Ad-768x768.png 768w, https:\/\/www.thewallstreetschool.com\/stg-new\/wp-content\/uploads\/2023\/06\/ACCA-Ad-120x120.png 120w, https:\/\/www.thewallstreetschool.com\/stg-new\/wp-content\/uploads\/2023\/06\/ACCA-Ad-1536x1536.png 1536w, https:\/\/www.thewallstreetschool.com\/stg-new\/wp-content\/uploads\/2023\/06\/ACCA-Ad.png 2000w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<h2><strong>ACCA Career Scope<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">It is crucial to grasp the ACCA exam pattern and structure before starting your certification journey. Subsequently, thorough research and preparation based on the exam syllabus are essential.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A plethora of job opportunities awaits upon successful completion of ACCA certification. Some of these are<\/span><\/p>\n<h3><strong>1) Financial Accountant<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Responsible for recording, summarising, and interpreting commercial transactions.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Evaluates financial information using statements and balance sheets<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prepares financial reports for external entities such as tax authorities, creditors, and investors<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Salary: <\/span><a href=\"https:\/\/www.payscale.com\/research\/IN\/Job=Financial_Accountant\/Salary\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u20b94.6 LPA<\/span><\/a><\/li>\n<\/ul>\n<h3><strong>2) Credit Controller<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manages company debt and credit operations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Builds and maintains strong customer relationships for effective credit management<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Responsibilities include debt management, credit evaluation, customer credit ranking, and customer status reporting.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Salary: <\/span><a href=\"https:\/\/www.payscale.com\/research\/IN\/Job=Credit_Controller\/Salary\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u20b94.2 LPA<\/span><\/a><\/li>\n<\/ul>\n<h3><strong>3) Financial Controller<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The chief manager oversees the accounting department of an organisation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Ensures accurate financial record-keeping and compliance with legal requirements<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Involvement in budgeting processes, compliance, and financial data evaluations<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Salary: <\/span><a href=\"https:\/\/www.payscale.com\/research\/IN\/Job=Financial_Controller\/Salary\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u20b919.8 LPA<\/span><\/a><\/li>\n<\/ul>\n<h3><strong>4) Corporate Treasurer<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Responsible for securing organisational capital and formulating financial policies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Manages expansion funds, advises on investment opportunities, and mitigates financial risks.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Focuses on capital markets, liquidity management, corporate financial management, risk management, and treasury operations<\/span><\/li>\n<\/ul>\n<h3><strong>5) Tax Specialist<\/strong><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Found in accounting or professional services companies.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provides advice on national and international tax laws and assists with personal and professional tax matters.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Assists organisations in meeting their tax obligations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Salary: <\/span><a href=\"https:\/\/www.payscale.com\/research\/IN\/Job=Tax_Specialist\/Salary\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">\u20b95.8 LPA<\/span><\/a><\/li>\n<\/ul>\n<h2><strong>Conclusion<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">The ACCA certification is highly esteemed worldwide and is one of the most reputable accounting qualifications. With global recognition, the ACCA qualification opens doors for exciting <\/span><span style=\"font-weight: 400;\">ACCA jobs<\/span><span style=\"font-weight: 400;\"> and opportunities across diverse sectors in India and abroad.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The flexible exam structure allows you to integrate the certification journey into your lifestyle while pursuing your graduation.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Upon completing the ACCA qualification, you can enter the professional workforce and secure positions in top-notch organisations offering competitive starting salaries. Certified professionals can even secure coveted roles like CFO or CEO with experience.<\/span><\/p>\n<p><strong>Check out The WallStreet School\u2019s <a href=\"https:\/\/www.thewallstreetschool.com\/acca-coaching-program\">ACCA Coaching Programme<\/a> to learn more.\u00a0<\/strong><\/p>\n<h2><strong>FAQs<\/strong><\/h2>\n<ol>\n<li><b> Is ACCA popular in India?<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">The ACCA qualification holds global recognition, enabling ACCA members to seek employment opportunities overseas. Similarly, ACCA members can apply for positions within prominent multinational companies (MNCs) in India.<\/span><\/p>\n<ol start=\"2\">\n<li><b> Is it hard to pass the ACCA?<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Compared to other professional finance and accountancy courses like CA and CFA, the ACCA exam is generally more approachable and less challenging overall.<\/span><\/p>\n<ol start=\"3\">\n<li><b> What is the duration of the ACCA course?<\/b><\/li>\n<\/ol>\n<p><span style=\"font-weight: 400;\">Getting an ACCA membership and qualifying as a professional accountant involves a minimum commitment of three years. It includes clearing all the exams within two years and acquiring three additional years of practical experience.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is ACCA Course: Subjects \/ Fees \/ Duration &amp; Eligibility ACCA, the globally recognised Institute of Chartered Certified Accountants, has 200,000+ members and 600,000+ students in 181 countries. It is a prestigious qualification for a successful accounting career abroad. Why Study ACCA? Benefits of Doing ACCA Studying ACCA (Association of Chartered Certified Accountants) offers [&hellip;]<\/p>\n","protected":false},"author":38,"featured_media":8793,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[567],"tags":[],"class_list":["post-1975","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-acca"],"_links":{"self":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/1975","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/comments?post=1975"}],"version-history":[{"count":0,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/posts\/1975\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media\/8793"}],"wp:attachment":[{"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/media?parent=1975"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/categories?post=1975"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thewallstreetschool.com\/stg-new\/wp-json\/wp\/v2\/tags?post=1975"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}