Introduction
Decision to pursue ACCA alongside B.Com or Graduation stands out as a strategic decision, especially for commerce students confused with the decision between B.Com and BBA after their 12th boards exam. B.Com and BBA are foundational qualifications, but are insufficient for achieving good placements in top MNCs. After Graduation generally it becomes mandatory for students to go for MBA from top colleges which requires lot of money.
In today’s job scene, just having a basic commerce degree is not at all enough for commerce students. They need to get that professional edge. The finance industry is super competitive, and companies now a days are not looking only for grdaes but they want some expert skills to. Especially when it comes to finance jobs, they want someone with a bit more than just a regular degree like someone who’s got some extra qualifications or professional skills. So, it’s not just about passing exams but also picking up practical know-how. That’s the game-changer for a successful career in finance.
We can identify six following reasons to pursue ACCA with B.Com or graduation
1. Flexible Exam Pattern: The decision to opt for ACCA with B.Com or Graduation comes with a significant advantage – a flexible exam pattern. ACCA’s exam schedule is very flexible that makes simple to plan exams according to the journey of graduation. The initial four papers are on-demand exams, followed by subsequent papers that cab be appeared quarterly. This structure facilitates effective planning for students, ensuring a balanced approach to their studies.
2. Global Recognition: ACCA offers a qualification that not only prepares students for the challenges of the Indian finance industry but also positions them for success on the global stage. ACCA is recognised in 180+ countries, the comprehensive course structure covers a range of subjects crucial for professional accountants. Notably, in-depth studies of International Financial Reporting Standards (IFRS) and international laws prepare students to meet the requirements of the global finance industry rather than confining them to country-specific demands.
3. Better Career Portfolio: The combination of ACCA with B.Com or Graduation enhances the career portfolio, providing students with superior opportunities immediately after completing their studies.ACCA in a resume acts as a magnet for recruiters, drawing attention to the comprehensive understanding of both theoretical principles and practical applications of finance. This unique combination positions candidates favourably, making them more attractive to potential employers.
4. Not a Burden: Contrary to apprehensions some students may think that pursuing ACCA with B.Com or Graduation is a burden. But it should be noted that the alignment of ACCA subjects with those of B.Com, such as Financial Management and Taxation, ensures a smooth learning experience. Subjects of ACCA often helps students to understand the subjects of graduation more deeply so ACCA and graduation complements each other.
5. Approved Employers at ACCA: ACCA distinguishes itself as the only global organization managing a dedicated job portal exclusively for ACCA professionals. This portal serves as a real-time information hub for various job positions. In the current landscape, nearly every major multinational corporation (MNC) and esteemed accountancy firm is included in ACCA’s approved employer list. These organizations consistently express a preference for hiring ACCA professionals, offering attractive packages. ACCA continuously updates the job vacancies that makes easy for even working professionals to grab the better opportunities.
6. Recognition after each level: The ACCA qualification has three levels. After each level, students get a certification. When you finish the first level, you get a Diploma in Accounting. After the second level, you get an Advanced Diploma in Accounting. Clear the third level, and you become an ACCA Affiliate. The cool part is, right after nailing the first level, you can start applying for jobs.
Conclusion
In conclusion, the decision to choose ACCA with B.Com or Graduation is a calculated and strategic move for commerce students with aspirations for success in the finance industry. This combination not only offers flexibility in exam patterns and global recognition but also significantly enhances career portfolios, making graduates immediately appealing to recruiters. Addressing concerns about potential academic burdens, the aligned coursework ensures a seamless learning experience. The presence of an exclusive ACCA job portal featuring major multinational corporations and prestigious accountancy firms underscores the sustained demand for ACCA professionals, reaffirming this choice as an excellent investment for those navigating the competitive job market.
FAQ’s
Q-1 How much time, on average, does it take to complete the ACCA qualification?
Ans-On average, it takes around 2 to 3 years to complete all the ACCA exams and gain the necessary practical experience.
Q-2 Do ACCA professionals find job opportunities in India, and how is the recognition of the ACCA qualification in the country?
Ans- Yes, ACCA professionals are valued in India, and many multinational companies and Indian firms with global operations prefer or require candidates with ACCA qualifications for roles in finance, accounting, and audit.
Q-3 In comparison to the CA qualification, is ACCA generally considered more challenging or easy?
Ans- The difficulty of ACCA versus CA is subjective and depends on individual strengths and preferences. ACCA is known for its global focus and flexibility, while CA is specific to Indian regulations and practices. But it should be noted that ACCA is not an easy course it requires sincerity, discipline and conceptual study to complete the course in time.
Q-4 What are the typical costs associated with completing the ACCA, including factors like tuition, study materials, exam fees, and membership fees?
Ans- The cost of completing ACCA varies, considering factors such as tuition fees, study materials, exam fees, and membership fees. It’s advisable to check with ACCA-approved learning providers for specific cost information. But still approximately 4 to 4.5 Lacs INR can be the expected cost of education of ACCA.
Q-5 Is it possible to secure a job after completing only the first or second level of the ACCA qualification?
Ans- Completing the first or second level of ACCA may enhance employability, but many employers prefer candidates who have completed the full ACCA qualification for certain roles.
Q-6 What salary packages can ACCA-qualified professionals expect in India, and how does it vary based on factors such as experience, industry, and location?
Ans- ACCA-qualified professionals in India can command competitive salaries, ranging from entry-level positions to higher-paying roles as experience and expertise grow. Salaries vary based on factors like industry standards, specific job markets, experience, and geographical location
