CA vs ACCA: Difference and Comparison

CA and ACCA are two of the very popular courses in the modern field of business. It is related to finance and accounting and has a common field.

However, choosing between the two is a very important decision to make. It is not about which course is popular. Rather, it is about which suits our career choices and qualifications well.

To succeed in the respective fields, one must have a clear idea of these two courses individually. Also, knowing their exact differences will help to sort out the path much better.

In this article, we shall study these two career options individually and chalk out their basic differences as well.

Key Takeaways

  1. CA (Chartered Accountant) is a country-specific accounting qualification, while ACCA (Association of Chartered Certified Accountants) is a globally recognized accounting designation.
  2. CA courses focus on taxation, auditing, and financial accounting, while ACCA covers a broader range of subjects, including management and business.
  3. CA qualifications require a longer study and experience, while ACCA can be completed more quickly and with more flexible study options.

CA vs ACCA

Chartered Accountancy (CA) is a country-specific qualification and focuses on local accounting practices and tax laws. The Association of Chartered Certified Accountants (ACCA) is an international-specific qualification, has no requirements and provides a global perspective on accounting and finance.

CA vs ACCA

CA is the short form of Chartered Accountant. It is related to finance and offers a specialization in financial accounting. This course is particularly available in India.

Hence, the degree is certified by the Indian Institute of Chartered Accountants. To apply for this course, the minimum criteria required for eligibility is passing the Matriculation.

On the other hand, ACCA is the short form of the Association of Certified Chartered Accountants. It is accepted globally. Thus it has a long reach as well as a network over the world.

After the completion of the main course, it includes training for a few years. This course is mainly related to accounting and taxation. To apply for it, the minimum criteria required for a candidate is three years of experience with graduation.

Also Read:  LPN vs LVN: Difference and Comparison

Comparison Table

Parameters of DifferenceCAACCA
Abbreviation CA is the short form of Chartered Accountant ACCA is the short form of the Association of Certified Chartered Accountants.
EligibilityA candidate needs to pass Matriculation.A candidate needs three years of experience along with graduation.
FieldIt is related to finance and financial accounting. It is related to accounting as well as taxation.
TenureIt is a course of five years. After the completion, one year of experience is required.The main course is for three years. After the completion, two to three years of training is mandatory.
PositionThe duty includes working with both private and governmental organizations.The duty includes dealing with policies and implementing them and also rules and regulations.

What is CA?

CA is a very challenging course to clear. Also, its tenure is very long. If one is dedicated to passing the examination on the first attempt, it will take five years.

In addition to that, one year of experience is mandatory after the completion of the main course. The qualification comprises three levels.

While opting for CA, it is necessary to do the articles under Chartered Accountant. It falls under one of their restriction. It is valid only in India but has a strong hand in the country.

CA might be a good option for those who prefer to stay in India. If proper efforts are put in, and the candidate is dedicated, this course has a really developed network.

Compared to ACCA, it is a lot more tough and competitive. The course structure and tenure are long. It does not have global recognization.

However, it is an uprising career in India. The course deals with finances. The studies are mainly based on the tax and laws of India.

As mentioned earlier, the exam comprises levels. They are fundamental and professional types, respectively. In the former, candidates are tested on their knowledge of fundamental skills.

It includes accounting and managing. In the latter one, candidates are required to pass three different examinations.

chartered accountant

What is ACCA?

The best fact about ACCA is that it is recognized across the globe. It is valid in a large number of countries. Hence the reach is not limited. It is a very popular career option in the modern world.

Also Read:  Motif vs Theme: Difference and Comparison

Moreover, the course is very flexible, along with its structure. It has computer-based examinations and has a passing percentage of 50%.

Hence, it is quite scoring if one is able to put in real effort. Also, the exams are considered easy as compared to CA exams.

The standards of ACCA are mainly fixed with respect to the UK. It is an easy process to complete ACCA after CA. However, vice versa is almost impossible. ACCA is indeed a very reputed course over the world.

However, before choosing it for the future, we must consider our goals. It does not have good opportunities in India. Hence, if one is dedicated to moving abroad and putting in the effort, this might definitely be a great option for them.

Main Differences Between CA and ACCA

  1. The main difference between CA and ACCA is their area of scope. CA is only restricted to India, whereas ACCA is accepted globally.
  2. CA is the full form of Chartered Accountant, whereas ACCA is the full form of the Association of Certified Chartered Accountants.
  3. Next, coming to their field of interests. CA deals with finances, whereas ACCA deals with accounting respectively.
  4. Their eligibility is an important factor for the candidates to apply. A candidate needs to pass Matriculation to apply for CA. On the other hand, a candidate needs three years of experience along with graduation to apply for ACCA.
  5. In CA, the main course is of five years. After the completion, one year of experience is required. In the case of ACCA, the main course is for three years. After the completion, two to three years of training is mandatory.
References
  1. https://www.jstor.org/stable/4393795
  2. https://www.sciencedirect.com/science/article/pii/002197979090011C

Last Updated : 13 July, 2023

dot 1
One request?

I’ve put so much effort writing this blog post to provide value to you. It’ll be very helpful for me, if you consider sharing it on social media or with your friends/family. SHARING IS ♥️

10 thoughts on “CA vs ACCA: Difference and Comparison”

  1. The informative and nuanced discussion of CA and ACCA presents a comprehensive view of the opportunities and challenges associated with each course. The article is essential reading for individuals exploring a career in accounting and finance.

    Reply
  2. The article’s detailed examination of the requirements and career prospects for CA and ACCA provides a valuable resource for individuals navigating their professional education. The article is an excellent guide for those considering these courses.

    Reply
  3. The thorough comparison of the two courses is remarkable. The article provides facts and details about CA and ACCA, and their eligibility requirements. The article presents an objective view about the two courses and the opportunities they offer.

    Reply
  4. The article’s comprehensive breakdown of the qualifications, eligibility, and differences between CA and ACCA is beneficial for individuals seeking a career in finance and accounting. The detailed insight allows readers to weigh the pros and cons of each course effectively.

    Reply
  5. The article provides an in-depth analysis of CA and ACCA, highlighting their individual characteristics and differences. The comments on the global recognition of ACCA and the country-specific nature of CA are particularly enlightening.

    Reply
  6. The eligibility requirements for both CA and ACCA are clearly outlined. This will help individuals understand which course aligns with their qualifications and career goals. The article provides a valuable and insightful analysis of the two courses.

    Reply
  7. It is commendable how the article manages to maintain an informative tone throughout, conveying complex information about CA and ACCA in a clear and understandable manner. The comparison table effectively summarizes the disparities between the two courses.

    Reply
  8. The article masterfully covers the nuances and intricacies of CA and ACCA, enabling readers to grasp the fundamental differences and qualifications associated with each course. The detailed breakdown of the courses is instrumental in guiding aspiring professionals.

    Reply
  9. The argument presented in the article is clear and concise. The distinction between CA and ACCA is effectively discussed, shedding light on the specific fields and qualifications associated with each course. This allows readers to make informed decisions.

    Reply
  10. The article simplifies the complex information about CA and ACCA, making it easier for readers to comprehend the differences between the two courses. The comparison table is particularly helpful in understanding the key disparities.

    Reply

Leave a Comment

Want to save this article for later? Click the heart in the bottom right corner to save to your own articles box!