What is ACCA Course? - Know all about ACCA Exam, Eligibility, Syllabus, Fees, Salary

ACCA 2023: The Association of Chartered Certified Accountants (ACCA) has recently conducted the ACCA exams 2023 for March session. The ACCA exams in India were held from March 06 to March 20, in online mode. ACCA result March 2023 will be announced on April 17, 2023, on the official website of the institute. Currently, the ACCA registration June 2023 are open. The standard exam entry deadline for ACCA June 2023 is May 1, 2023. ACCA session-based exam takes place four times a year in the months of March, June, September and December for over 5 days in each session.

Aspirants who have passed the 10th standard examination are eligible to apply for ACCA course. To achieve the ACCA Qualification, aspirants will need to complete all 13 exams, an ethics module and practical experience.

ACCA is a three-level examination which covers Knowledge, Skills and Professionals and includes thirteen subjects. Students who have passed the 12th standard or graduation examination can avail of various ACCA exemptions from appearing in some ACCA subjects. BCom or MCom degree candidates will need to sit only for nine exams instead of thirteen and students with CA will need to sit for four exams instead of thirteen. Aspirants of ACCA can expect a salary ranging between Rs. 7 to 8 LPA after completing ACCA.

What is ACCA?

The Association of Chartered Certified Accountants (ACCA) is a global organisation which organises ‘Certified Chartered Accountant’ certificate examination. ACCA is an accounting organisation with more than 2 Lakh members and 6 Lakh students spread across 180 countries. ACCA course offers a satisfying professional career in the accounting, finance and management fields. The major aim of ACCA is to provide opportunity, innovation, honour and accountability.

ACCA Overview

ACCA Exam Dates India 2023

ACCA Eligibility Criteria

The exam authority prescribes the following eligibility criteria for ACCA course. The basic eligibility criteria to pursue ACCA is mentioned below:

• Class 10th pass students can apply for ACCA course. However, candidates will have to pursue a Diploma course for ACCA Foundation to apply for ACCA qualification which is the main ACCA certification exam

• Class 12th students with more than 65% in Accounts, English, and Mathematics subjects can apply for ACCA course. Additionally, students should have more than 50% in the other subjects.

ACCA Exemptions

The following category of students has an exemption to appear in various ACCA exams.

• Class 12 pass students will be exempted from the Foundational Diploma course of ACCA. Diploma in ACCA Foundation exam is for students who have no formal education.

• B.Com or M.Com pass candidates will be exempted from ACCA Knowledge level exams like Business & Technology (BT), Management Accounting (MA), and Financial Accounting (FA). Additionally, they will also be exempted from the Corporate and Business Law Exam of Skill Level Exam.

• Chartered Accountancy pass students will have nine papers exempted from a total of thirteen subjects. Skill Level and Knowledge Level exams will be completely exempted. CA pass candidates will have to give only the four exams at the Professional Level.

• CA Inter pass students will have to sit only for eight exams in ACCA. Such candidates will be exempted from four exams which are Business & Technology, Management Accounting, Financial Accounting, Taxation, Audit and Assurance.

ACCA Registration

The registration for ACCA exam is online. Aspirants can take admission to ACCA course just after class 10th. However, Class 10th pass students will have to complete a Diploma course before starting on the main ACCA course.

Candidates can register online for ACCA courses at any time of the year. Following steps can be followed to register as ACCA student:

Step 1 - Visit the official ACCA website - www.accaglobal.com/applynow

Step 2 - Before getting started, keep all the necessary documents ready including passport, birth certificate, qualifying exam proofs, passport size photograph, payment cards.

Step 3 - Register using the valid email ID credentials and personal details

Step 4 - Upload all the supporting documents

Step 5 - Claim provisional exemptions (if any) immediately after completing your application

Step 6 - Save the application form and keep it safe for any future references

Once the application form is submitted, ACCA will confirm at which level the candidate will have to progress studies. If a candidate is not able to apply online, the application form will have to be submitted in paper form at the nearest ACCA office.

ACCA Exam Pattern

The first four ACCA exams (BT, MA, FA, and LW) are on-demand, which means those can be booked with an approved nearby ACCA centre any time during the year. The remaining nine exams are conducted four times a year in the months of March, June, September, and December.

The exam pattern of ACCA exam has two parts:

• Computer-based and Paper-based, which include Multiple Choice Questions (MCQs) and

• Scenario-based questions.

Papers F1 to F4 are 100% MCQ based. A total of 50 questions are asked for 2 marks each.

Papers F5 to F9 are 60% MCQs and 40% long answer questions­­­.

Section A has 15 questions, 2 marks each and,

Section B comprises 3 scenario questions worth 15 marks. Each scenario has 5 MCQs under it.

In long answer type questions: A scenario will be given and 3 to 4 questions will be asked on its basis.

Papers P1 to P6 are 100% scenario based exams.

Section A : A case study worth 50 marks will be given and 4 to 5 questions will be asked on it. It also includes 4 to 6 professional marks also.

Section B: 3 cases worth 25 marks each will be given. 2 out of the 3 will have to be attempted.

ACCA Syllabus

The ACCA course is divided into three sections namely Knowledge Level, Skill Level and Professional Level. All these levels include subjects such as Business & Technology, Management Accounting, Financial Accounting, Corporate and Business Law, Taxation, Performance Management, Financial Reporting, Audit and Assurance, Financial Management, Strategic Business Leader, Strategic Business Reporting, Advanced, Financial Management, Advanced Performance Management, Advanced Taxation, and Advanced Audit and Assurance.

Study Material for ACCA

The study texts, workbooks and practice & revision kits by approved content providers are subject to a thorough ACCA examining team review, so the materials cover the syllabus to the correct depth and breadth and are fully focused on the exams. Aspirants can order the books online through the official website of ACCA or access the ebook too.

There are many books and study materials available for the ACCA exam. ACCA has approved the following content providers:

• BPP Learning Media

• Kaplan Publishing

ACCA Admit Card

The ACCA exam authorities issue the exam attendance dockets for each session which will be available to download three weeks before the first exam. Candidates need to take the print out of the docket as it is required as part of the check-in or launch exam process.

A docket issued for remote session exams contains information about the rules and regulations about the exam.

ACCA Exam Centres

Candidates for ACCA exam have two options to take exams: remote or centre-based exam.

Under a remote-based exam process, aspirants can now have the opportunity to take one of ACCA's remotely invigilated session exams. This means exams can be taken at home, in a comfortable environment. Remote exams can be taken in any private and quiet space.

However, in some locations, on-demand or session exams at exam centres are provided with the support of ACCA exam partners. The centre-based exam can be taken if

• Candidates do not have the option to take a remote exam in their location.

• Candidates do not meet the technical, connectivity or exam environment requirements for ACCA’s remote exams.

ACCA Result

ACCA results are released a few weeks after the exam and candidates can access them via myACCA. Exam results are available via exam status report.

In order to view the exam status report:

1. Log into the myACCA account at the official website of ACCA

2. Navigate to the 'Exam Status and Results' section

3. Select the 'View status report'

ACCA Course Fees

The ACCA course fee is around INR 2,00,000. The whole fee structure provided in Pound (£) by ACCA authorities and thus the exchange rate of the INR (₹) will be applied while assimilating the actual ACCA course fee.

Scope of ACCA course

ACCA has a very huge scope not only in India, but all over the world with the increase in globalisation. Below mentioned are the major scope of pursuing the ACCA course:

• ACCA is the most valued certification and it is recognized by more than 180 countries.

• Majority of the Indian ACCA professionals work in countries like the UK, Singapore, Australia, and Germany.

• MNCs working in India have an increasing demand for ACCA professionals. As the demand for professionals who are acquainted with international work and international accounting is huge and who are able to work for US GAAP and IFRS.

• The scope of an ACCA is equivalent to that of a CA. An ACCA professional has the opportunity to work in 180+ countries.

ACCA Salary

After completing the ACCA course, aspirants can expect a salary ranging between Rs. 7 to 8 LPA. ACCA freshers can be hired in India in roles similar to Chartered Accountants. Many firms dealing in accounting and finance fields recruit ACCA freshers. With the passage of time, and after gaining experience in a particular field, there can be a good hike in ACCA salary. Aspirants must focus on demonstrating their talent at work and work diligently to achieve success.