EVERYTHING ABOUT ACCA

 EVERYTHING ABOUT ACCA (association of chartered certified accountants)COURSE



“Your signature is more powerful than the prime minister “ said by the prime minister of India shri Narendra Modi

A great way to build a career in accountancy and commerce.Students can pursue along with graduation. A world certified course with 2,00,000 members and 4,86,000 students in 180 countries. 


          Roles:


  • Accountant

  • Internal auditor

  • Forensic accountant 

  • Compliance or governance officer

  • Management accountant

  • Chief financial officer

  • Group accountant

  • Business advisor

  • Business analyst 

  • Tax accountant 

  • Risk manager

  • Treasurer

  • Financial analyst


 

Now days CA and ACCA members are offered similar job profiles hired by PWC(Price waterhouse cooper),Ernest and young,Deloitte,KPMG,TATA communication,Embassy group.



  • Average salary of rupees 3.5-4 lakhs for a indian acca fresher.

 


Subjects :

1.Knowledge level - 3 papers

2.Skills level - 6 papers

3.Professional level - 4 papers

1.Knowlege level :

  • Business and technology : The business and technology syllabus introduces students who may not have business background.To the business which as an entity is made up of people and system which interact with the environment and with each other , the key stakeholders and the rights and the responsibilities that business in its environment including economic,legal,social and technological factors.


  • Management and accounting : Interpreting financial transactions and interpreting internal financial statements such as budgetary and variance reporting. 

Management accountants are the bedrock of the organisation. Without good management accountants planning and decision making would be ineffective.



  • Financial accounting : Learn the underlying principles and concepts of financial accounting. Preparation and interpretation of basic financial statements for sole traders,partnership companies,and simple group of companies.


2.Skills level:


  • Corporate and business law :To develop knowledge and skills in the understanding of the general legal framework and of specific legal areas relating to business.


  • Performance management : Quantitative and qualitative information for planning,decision making performance evaluation and control.


  • Taxation: To develop knowledge and skills relating to the tax system as applicable for individuals,single companies and groups of companies.


  • Financial reporting : Preparation of financial statements of single and group entities. Analyse and interpret the financial statements of single entity and a group.


  • Audit and assurance : You will develop knowledge and understanding of the process of carrying out the assurance engagement and its application in the context of the professional regulatory framework.


  • Financial management : You will develop knowledge and skills expected of a finance manager in relation to investment,financing and dividend policy decisions.



3.Professional level :

  • Strategic business leader 

  • Strategic Business Reporting

Any two :

  • Advanced Financial Management (AFM)

  • Advanced Performance Management (APM)

  • Advanced Taxation (ATX)

  • Advanced Audit and Assurance (AAA)

Students after giving 10+2 examinations and passing in all subjects can apply for acca and have to give 13 papers and can pursue while graduation.

A commerce graduate has to only appear for 9 papers.

A CA IPCC both groups cleared student has to appear for 8 papers.

A CA qualified has to appear for only 4 papers.

                                                      Thank you for reading my article.


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