FCA Full Form - What is the full form of FCA

Edited By Sansar Singh Chhikara | Updated on Mar 13, 2023 - 4:31 p.m. IST #

FCA Full Form - The full form of FCA is Fellow Chartered Accountant. Usually there are two types of Chartered Accountants, Fellow Chartered Accountants and Associate Chartered Accountants. FCA has three levels in total - Level I, Level II and Level III. The FCA Level I exam is conducted twice every year, whereas the FCA Level I and II exams are conducted only once a year. The FCA Institute is the conducting body of the FCA exam. Candidates who have passed their graduation or have a minimum work experience of four years are eligible to take up FCA. The Fellow Chartered Accountant exam is conducted in Computer Based Test mode.

FCA Financial Chartered Accountant - Overview

FCA full form	Fellow Chartered Accountant
Levels of FCA	3 levels (Level I, Level II and Level III)
Exam purpose	To become a Chartered Accountant
Frequency of Conduct	FCA Level I - Twice every year FCA Level II and III - Once every year
Exam conducting body	FCA Institute

FCA Eligibility

FCA course has its own eligibility criteria and candidates willing to get FCA certification must fulfill the eligibility criteria specified by the FCA institute. Candidates who have their ACA membership will be eligible for FCA course. The detailed eligibility criteria of FCA course has been given below:

Candidates will be required to pass all the three CA examination i.e. CA Foundation, CA Intermediate and CA Final with good aggregate marks.
Graduate candidates must have an experience of five years or more in the field of commerce, accounting, taxation, and finance management.
Graduates who have cleared all the three levels of CFA will also be eligible to take up the FCA course.
CFA graduates must also have an experience of five years or more to be eligible for FCA certification.

FCA vs CA

There are some stark differences between a CA and FCA and the table below demonstrates that:

Difference	CA	FCA
Full Form	CA stands for Chartered Accountants	FCA stands for Fellow Chartered Accountants
Types	There are two types of CAs, ACA (Associate Chartered Accountants) and FCA (Fellow Chartered Accountants).	Fellow Chartered Accountant (FCA) is one of the firms of ICAI.
Qualification	Candidates who have passed their class 12 are eligible to take up the CA foundation course.	Candidates must have passed their CA Foundation, Inter and Final exams along with five years of work experience as a CA.
Governing Body	ICAI is the governing body of Chartered Accountants.	FCA Institute is the governing body of FCAs.
Title	CAs get the title of ACA after the completion of CA Final exam. They can also get the title of FCA after five years of work experience and necessary certifications.	FCAs get the title of FCA only.

Frequently Asked Question (FAQs) - FCA Full Form - What is the full form of FCA

Question: What is ICAI?

Answer:

ICAI stands for The Institute of Chartered Accountants of India (ICAI) and it is India's largest professional accounting organization.

Question: What is FCA and ACA in CA?

Answer:

FCA stands for Fellow Chartered Accountant and ACA stands for Associate Chartered Account

Question: Are 10+2 students eligible to join CA?

Answer:

Yes, students who have passed their 10+2 are eligible to enroll in CA

Question: What is the difference between FCA and CFA?

Answer:

FCA is a higher degree of professional experience in the field of Accounting (CA). CFA is a program that provides regular training & education in the field of finance and also in investment analysis.