Difference Between ACCA and CA

 

Difference Between ACCA and CA



Choosing between CA and ACCA courses is now easy! The key to making the right choice is to know your career aspirations, and then you’ll understand the main difference between these two educational certifications.

In this article, you’ll see the difference between ACCA and CA. Knowing the difference will help you make better decisions when choosing between these two professions.

Do you know that we have a lot of accounting certifications, but ACCA and CA stand out among the top certifications.

What are the top accounting certifications?

●     ACCA: Association of Chartered Certified Accountants

●     CA: Chartered Accountant

●     CPA: Certified Public Accountant

●     CFA: Financial Analyst

●     FSAC: Financial Services Audit Certificate

●     CMA: Certified Management Accountant

●     CIA: Certified Internal Auditor

●     CFE: Certified Fraud Examiner

●     CGMA: Chartered Global Management Accountant

Of all these credentials, the ACCA and CA courses are the most suitable for students with little to no professional experience who are looking to make a great start in the accounting industry. Also, the market is expected to reach $2019.02 billion in 2026 at a CAGR of 11.1%. These figures show that there will be more jobs in accounting in the future.

What is ACCA?

ACCA, or Associate Chartered Certified Accountant, is a globally recognized accounting diploma. This course offers a holistic approach to finance, enabling you to excel not in numbers but also in strategic decision-making. It was established in the UK in 1904 and now houses over 219000 members globally.

What is CA?

CA, or Chartered Accountancy, is a prestigious qualification that gives you expertise in accounting, taxation and audits. It is highly sought after in the financial industry as a role that ensures clarity in legal and financial matters. Moreover, CA graduates are in demand due to the need to manage the financial relationship between corporations and governments.

What is the difference between CA and ACCA?

●     Minimum Eligibility Criteria: ACCA has flexible entry requirements that make it accessible to a broader range of individuals.

●     Syllabus: ACCA covers a broader spectrum of finance-related subjects, including financial management, taxation, and business ethics. While CA focuses more on accounting, auditing, and tax, with a significant emphasis on local laws and regulations.

●     Course Duration: ACCA course duration can vary based on your pace of study. On average,e it takes 3 to 4 years to complete the qualification. While CA programs are generally longer, spanning around 4 to 5 years.

Which is Right for Your Career – CA or ACCA?

Choosing between CA or ACCA based on your career goals. If you’re looking for a specialization in taxation, audit or compliance, then CA might be a better fit for you. On the other hand, if you want to be a well-rounded professional with global opportunities, then ACCA could be the right path for you!

CA and ACCA have some features that set them apart from each other and make them excellent certifications. The main difference comes from being an international and a national degree program. If you want global exposure, then an ACCA will be a good option for you, but if you want a high-paying job while staying in your home town, then CA will be a good option for you. Similarly, if you want an accounting degree that does not require less effort, ACCA is a way for you!

Still confused about which path to choose? Visit Hamzah Academy for expert advice and training on ACCA!


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