Many young professionals in India face the impediment of choosing between CA and ACCA when they embark on their journey of becoming a chartered accountant. This is because of the dire fact that the level of difference between the two is quite less and almost overlapping and that’s what makes taking one of the two choices a big hurdle to cross.
So, to help you grasp the varying shades of both CA and ACCA, we must first understand what CA and ACCA really are.
|ELIGIBILITY||CLASS 12||CLASS 10/12|
|COURSE DURATION||4.5 to 5 years||1.5 to 3 years|
|COURSE FORMAT||3 Levels|
● KNOWLEDGE LEVEL
● SKILLS LEVEL
● PROFESSIONAL LEVEL
|EXEMPTION||Graduates get direct entry to Intermediate level (exemption for foundation)||Graduates get direct entry to Skills level (exemption for knowledge level)|
|FIELD OF WORK||Primary inspection in govt. and private sectors||Works across various finance positions, taxation and accounting|
ACCA vs CA, which is Tough?
ACCA and CA have an almost identical course layout with almost the same number of subjects, but the basic and the main difference between the two is the passing percentage.
As per May 2020 data, the passing percentage in CA is around 17.84% whereas in ACCA this passing percentage is as high as 40-50%.
As you can see above, ACCA has a much better passing percentage than CA.
After reading this article, you have been cleared if you want to grow in India or set up your own practice, then you should go with Chartered Accountancy but if you plan to set up outside India, then ACCA will be a better option. But as far as today’s scenario is considered ACCA is better than CA in every perspective whether it is demand in Industry, scope, reputation, earnings etc.