🚀 ACCA For CA Inter Students

Feeling stuck in CA Intermediate? ACCA might be the right path for you.

Did you clear your boards with flying colours✨, and cleared CA Foundation too, but for some reason, are stuck in CA Intermediate 😢?

Are you tired of seeing that ‘FAIL’ on your result again and again and are just not able to bring yourself to open the same books again 📚?

Then you, my friend, need a different direction.

If you have to reach somewhere and one path is jam-packed, don’t you take another route?

Let me be your Google map📍 and guide you in a different direction - a different path to success - ACCA.

❓What is ACCA?

ACCA stands for the Association of Chartered Certified Accountants (ACCA).

🗓 Formed in 1904, it is the global professional accounting body, which offers the “Chartered Certified Accountant” qualification.

ACCA is a fast-growing international accountancy organization with over 6,00,000 members and over 500,000 students in 180 countries 🌍.

If you aspire to build your career in Auditing, Financial Reporting, International Taxation, Finance, etc through CA, then ACCA will be a smooth switch for you.

👉🏻 Why ACCA?

I mean, a while back you were preparing to become a CA, then why should you do ACCA now? It’s a legit question. Let me give you certain comparison-based answers.

1️⃣ ACCA focuses on understanding rather than rattafication

The reason ACCA could be a better choice is that it is a concept-based course. It is a course that focuses on your understanding rather than your rattafication abilities.

2️⃣ You don’t have to finish the entire course to get a decent-paying job

In CA, you get a decent-paying job after you have finished the course but that’s not the case with ACCA. In ACCA, you don’t have to wait until you have cleared all your exams to begin your professional career. You can start your professional career and still give exams.

3️⃣ You don’t fail the entire group just because you couldn’t clear one subject

Sometimes all your exams go really well except one, and because of that one subject, you have to give the entire group again. But not with ACCA. ACCA gives you complete flexibility. There is no grouping system at all. You can give one paper at a time along with your full-time job, saving you a lot of time.

4️⃣ ACCA uses a more futuristic exam method

Got bad handwriting? Forgot to bring a calculator during a numerical exam? Not an issue. ACCA doesn’t use redundant exam methods, in fact, all your exams are online and computer-based. You can type your answers, solve problems in excel and use the online calculator. As simple as that!

5️⃣ ACCA is not limited to one country

You will be surprised to know that ACCA has global recognition in more than 180 countries. So, you are not restricted to one country. In short, you have plenty of job opportunities across the world, including in India.

6️⃣ ACCA is time-saving

Even if you start your ACCA after giving multiple attempts of CA Intermediate, then also, it can be completed in a year. In ACCA, you can appear for a maximum of 8 papers in one year.

🤨 How many Levels are there?

Like many other professional courses, ACCA also has three levels - Applied Knowledge Level, Applied Skill Level, and Strategic Professional Level.

There are a total of 15 subjects out of which you have to give 13 exams.

📖 Subjects in ACCA 📖

1️⃣ Applied Knowledge Level

The Applied Knowledge Level comprises three subjects -

• Business & Technology (BT)

• Management Accounting (MA)

• Financial Accounting (FA)

2️⃣ Applied Skills Level

This level comprises six subjects -

• Corporate and Business Law (LW)

• Performance Management (PM)

• Taxation (TX)

• Financial Reporting (FR)

• Audit and Assurance (AA)

• Financial Management (FM)

3️⃣ Strategic Professional Level 

This third and final level of ACCA comprises six subjects, out of which two are compulsory while you have to choose any two subjects from the remaining four.

👉🏻 Compulsory Subjects

• Strategic Business Reporting (SBR)

• Strategic Business Leader (SBL)

👉🏻 Optional Subjects (You have to choose any 2 out of 4)

• Advanced Financial Management (AFM)

• Advanced Performance Management (APM)

• Advanced Taxation (ATX)

• Advanced Audit and Assurance (AAA)

⏰ When do ACCA exams happen?

The Association of Chartered Certified Accountants (ACCA) exams happen four times a year. The sessions are divided throughout the year with a gap of three months. The ACCA exams happen in March, June, September, and December.

Students can appear for maximum of four papers in a session and can give a total of eight papers in a year.

🤔Do CA Students get Exemptions?

Yes, and a BIG yes! CA Inter students can avail exemptions in ACCA exams. Let me make it easier and explain it through different case scenarios.

1️⃣ You are a graduate and have not cleared any group of CA Inter; neither you scored 40 or above in Tax or in Audit

In this case, you will get exemptions in 4 subjects of ACCA -

3 subjects of Applied Knowledge level 

• Business & Technology (BT)

• Management Accounting (MA)

• Financial Accounting (FA)

1 subject of Applied Skill Level

• Corporate and Business Law (LW) 

2️⃣ You are a graduate and have not cleared any group of CA Inter, but you have scored 40 or above in the Tax exam in one of your attempts of CA Inter Group 1

In this case, you will get 5 exemptions

3 subjects of Applied Knowledge level 

• Business & Technology (BT)

• Management Accounting (MA)

• Financial Accounting (FA)

2 subject of Applied Skill Level

• Corporate and Business Law (LW) 

• Taxation (TX)

3️⃣ You are a graduate and have not cleared any group of CA Inter, but you have scored 40 or above in Tax exam in one of your attempts of CA Inter Group 1, and you have scored 40 or above in the Audit exam in one of your attempt of CA Inter Group 2

In this case, you will get 6 exemptions

3 subjects of Applied Knowledge level 

• Business & Technology (BT)

• Management Accounting (MA)

• Financial Accounting (FA)

3 subject of Applied Skill Level

• Corporate and Business Law (LW) 

• Taxation (TX)

• Audit and Assurance (AA)

Here is a video explaining the above exemptions

You can understand the criteria for exemption in ACCA exams for CA Inter students through this video -

🤷🏻‍♀️ Is ACCA easier than CA?

Don’t even think of it. ACCA exams are purely based on concepts, but that doesn’t mean they are easy. The exam structure gives you flexibility, sure, but it is not easy at all. Specifically, the Audit and Assurance exam at the Skill Level is one of the toughest exams to crack.

🤑 💷 What are the fees for ACCA for CA Inter Students?

When you register for ACCA Course, you have to pay a registration fee called the Initial Registration to ACCA™, which is around ₹3,000.

But there’s good news, you can get a free registration when you register through LEARN91.

So, don’t worry, we have got your back!

💸 But what about the exam fees?

The exam fees for ACCA is a bit on the higher side, I’m not gonna lie. But it is an investment into your future and you can easily cover it. Let me tell you how.

You are in CA Inter, right? You can join a job right now at a very limited salary of ₹15,000 to ₹25,000 per month, which you will easily get. Now, you have a job, and you can also start preparing for ACCA - 1 subject at a time.

The examination fees for each subject will range from ₹12,000 to ₹19,000.

Now, as per the number of exemptions you are getting, you have to give 7 to 9 exams only. It means your total fees will look something like this -

Students giving 7 exams - ₹1,16,000 approx. 

And that too is not required to be paid at once. You can pay the fees on a per subject basis, that is you can pay for each subject, as and when you are willing to give the exam.

Students giving 9 exams - ₹1,40,000 approx. 

Again not required to be paid at once. You can pay the fees as and when you are willing to give the exam for a particular subject.

🙄 But what about the uber-expensive ACCA coaching classes?

Yes, ACCA coaching is uber-expensive. But not LEARN91. Some ACCA Coaching institutes charge ₹20,000 to ₹30,000 per subject which can be really expensive for a normal student.

But worry not, LEARN91 is a GOLD Approved Learning Partner of ACCA, and we have made ACCA Classes amazingly affordable.

Check www.learn91.com for ACCA Classes and read the entire description and compare it with another coaching institute on any parameter.

LEARN91 is a Gold Approved Learning Partner of ACCA™

We have classes for all the levels of ACCA

Knowledge level - All Subjects

Skill Level - All Subjects

Professional Level - Right now you start with 2 subjects with us.

💲What about the exemption fee per subject?

If you are opting for an exemption, you have to pay an exemption fee per subject, and that may range from ₹12,000 to ₹19,000 if you go directly.

But don’t get overwhelmed, LEARN91 has again got your back. If you go through LEARN91 - Gold Approved Learning Partner of ACCA™, you will have to pay only ₹1,000 to ₹ 2,000 per subject depending on your previous qualification.

👨‍💻 What is the scope of ACCA or job prospects of ACCA in India? 🕴🏻

So, we actually covered almost everything about ACCA but what about its scope? Isn’t it the most important thing? Does it even make sense to switch to ACCA from CA if you don’t plan to go abroad? 

Definitely, yes! You might be surprised to know that whatever jobs are available for a member of ICAI in India are available for ACCA Members too. The only limitation is that ACCA members cannot sign on the Audit reports or other reports and certification requirements by the law.

So, it’s only a valid limitation if you want to establish your CA practice in India. And if you plan to go for a job and not a practice, then you are as good as a member of ICAI.

🧐 Doubts Related to ACCA For CA Final Students

If you still have doubts related to ACCA™. Feel free to ask in the comment box, or you can call our team on +91 9311850855 (Monday to Saturday, 10 AM to 6 PM).

🔍 ACCA For CA Final Students

🚀 ACCA For CA Final Students or CA Final Drop Outs