ACCA exams are very popular in the UK and all over the world. ACCA stands for Association of Certified Chartered Accountants, and is one of the largest professional accountancy bodies in the world with over 188,000 members and 480,000 students. With ACCA qualifications, a person can work as an accountant, financial advisor, management consultant, financial planner etc. The chances of ACCA in India have grown significantly, especially with the growing network of Big 4s and MNCs in the country. ACCA degrees are equivalent to CA (ICAI) in India and salaries are similar to those of a Chartered Accountant.
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The ACCA Exam Syllabus can be divided into the next 4 levels. Each level has several ACCA papers. So far, however, there are 13 total ACCA Exam course tests.
The ACCA test pattern consists of two parts: Computer-based and paper-based, which includes Multi-Choice Questions (MCQs) and query-based questions. ACCA papers from F1-F9 are all computer-based tests.
100% MCQs – (2 × 50 questions)
60% MCQs – Divided into two categories:
Category A: 2 × 15 questions
Category B: Each of the 3 questions in the scenario has 15 numbers. Each case has 5 MCQs under it.
40 Long Answers: A situation will be provided and 3 to 4 questions will be asked on this basis.
The ACCA SBL paper consists of a single 100-mark questionnaire divided into different questions with different marks.
100% situation based questions.
Section A: A sample mark of 50 marks will be provided and 4-5 questions will be asked.
Category B: Each will be given 3 cases with 25 marks. You must try 2 of 3.
ACCA exams are performed every March, June, September and December. In a six-month cycle, a person can give up four or eight tests a year and is required to give a total of 13 tests to qualify.
The much-needed CBEs allow for flexibility in your studies as you can stay on them at any time of the year. Your results are displayed immediately at the end of the test and uploaded to your account within 72 hours.
To book a much-needed CBE, you can contact the exam centre directly to schedule a date and time that suits you. ACCA conducts “much-needed tests” of up to F4 papers.
Regular CBEs occur once every three months and are booked through our online test booking system. Depending on the test, you may need to use word processing, spreadsheet, and slide presentation tools – to improve your rental skills. At F5 – P7, ACCA conducts tests four times a year (March, June, September, and December). F5-F9 can be delivered in any order and once you are done with your basic paperwork you can also choose to provide expert papers in any way.
Reading one ACCA paper every three months allows you to focus on one study at a time that you may find useful as you progress through the advanced papers. This is because some high-level subjects are difficult or have a larger syllabus to study.
However, this may mean that you should start studying your next paper before you have the results of your recent tests if you want to have enough time to prepare. If you want to wait until you get your test results before you start your studies for your next paper, this could mean studying a solid seven-week period.
The ACCA technical level tests have a total of six papers, of which two mandatory strategic level papers (SBL, SBR) are mandatory. Four papers (AFM, APM, ATX, AAA), and two papers can be picked up by students at their discretion.
To register for the ACCA Exam, you must first be an active ACCA student who requires a one-time registration fee (£ 79 = 7,712 rupees) and an annual subscription fee (105 pounds = Rupee) 10,249).
Assuming the exchange rate is £ 1 = 93 INR.
Knowledge tests – £ 83 = 7,719 per page 7,719 × 3 = Rs.23,157 (as there are 3 pages)
Skills tests – £ 111 = 10,323 per paper 10,323 × 6 = Rs.61,938 (as there are 6 pages)
Expert Exam SBL- £ 186 = 17,298 paper 17,298 × 1 = Rs.17,298
Professional tests – £ 136 = 12,648 per paper 12,648 × 5 = Rs.63,240 (as there are 5 pages)
Total cost = 23,157 + 61,938 + 17,298 + 63,240 = * Rs.1,65,633
A major role the learner has is in knowing the test dates and the prescribed booking dates. Students should double-check their exam centre and address to avoid booking the wrong institution. The student should be confident enough about the paper before answering the test.
The student needs to look at the reading text, review kit, past question papers and answer a few pre mock tests to gain more confidence in the paper. Answering pre mock tests helps students correct their mistakes and get an idea about the questions in the exam.
The ACCA examination is one of the most popular exams in India. With ACCA actual certification nowhere in India, students find it actually difficult to decide whether a career path is right or not.
Let’s take a look at why ACCA can be beneficial to you and how you can prepare for future ACCA exams.
As we all know, ACCA eligibility is equivalent to a CA (ICAI) certificate in India. However, the suitability of a CA is much harder to overcome. However, CA eligibility is required if you wish to work for one of the Indian companies, start your own business, or become a partner in a CA company.
Similarly, if you wish to work abroad, ACCA becomes a compulsory qualification. ACCA job opportunities are available throughout Australia, the UK, Singapore, Dubai, etc. Besides, for students who would like to have full experience and knowledge within the financial institution, ACCA works long hours.
If you are looking for ACCA training, NorthStar Academy is the best place for online training and top notch ACCA materials. We are ACCA Authorized Learning Providers with offices and training centers in many cities.
We also offer ACCA training courses online with a few other online accounting courses to help you become proficient at home on your mobile/desktop. Become ACCA in 36months to sign up today.
There are many ACCA job opportunities available worldwide. In addition to being an accountant, an ACCA specialist can work as a management consultant, financial planner, corp accountant, senior accountant, Accounts receivables, Accounts Manager and so on.
In the past few years, the job opportunities at ACCA India have greatly increased. With the growth of more MNCs and Big4 major companies, there has been a significant increase in the activities of ACCA professionals.
As more and more students actually recognize ACCA and its benefits, the need for certification testing has increased in the industry.
With such an influx, it is predicted that India could easily become one of the world’s largest ACCA markets. Thus, the Indian economy is on the verge of growth and globalization.
As a result, even MNCs and large multinational corporations are turning to India in search of professional refugees and ace financial experts. The ACCA salary in India is very similar to that of a CA specialist. A person with an ACCA degree can actually earn an average salary of almost INR 8 lac p.a. Payment scale of ACCA is usually from INR 4 lac p.a. to INR 15 lac p.a. It may also increase, depending on the candidate’s skills, company requirements, competition, etc.
ACCA professionals are easily placed in Big 4 companies like EY, PwC, Deloitte, and KPMG. MNCs include Tata Grant Thornton, Embassy Group, and Pepsico and hire ACCA India specialists. In addition, Accenture, HSBC, and Shalimar Paints also look for ACCA-certified accountants.
There are more than almost 180,000 members and about 490,000 students from more than 170 countries, affiliated with ACCA. As the popularity of ACCA increases, we may see more Enrollment and job opportunities.
ACCA is also very popular as it provides information from the end of the IFRS (International Financial Reporting Standards), which is also useful globally.
That is why; ACCA offers a wide range of job opportunities not only in India but globally. Become a Global ACCA member today – Signup today here!