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ACCA India – Scope and opportunities

ACCA exam is a globally recognised exam. In recent years its recognition has increased exponentially among Indian students. Since the certification of ACCA in India is new, students have a dilemma whether to opt for it or not.  In this article, we shall be discussing ACCA India to guide students better preparing for ACCA exam 2017 and ACCA exam 2018.

ACCA India – A guided path for your career

ACCA qualification is equivalent to CA (ICAI) in India. However, if one wishes to work in the Indian firm, open and run a firm or become a partner in a CA firm, then he must opt for CA. This is because Indian CA would know more about the Indian economy, tax laws, etc.

However, if one has an aspiration to work in other countries also, apart from India, where ACCA is coveted then he must opt for ACCA. These countries include UK, Dubai, Singapore, etc. If the student is looking to gain experience and knowledge in the finance field, this qualification shall help.

ACCA India - ACCA in India

Career opportunities for ACCA in India- 2017 | 2018

An ACCA can work as an accountant, financial consultant, management consultant, financial planner, etc. However, an ACCA cannot practice auditing in India. An ACCA India does not have signing authority, and hence, he cannot sign audit reports or practice audit by setting up his own firm. ACCA India can although practice auditing in the UK.

The ACCAs working in audit firms in India (including the Big 4) can work as part of the audit team. However, the partner signing the audit report must be a member of the ICAI.

Job opportunities and salary for ACCA in India

ACCA opportunities in India have widely grown, especially with growing network of Big 4 companies and MNCs. With an increase in awareness about the ACCA exam and the expertise one gains from the qualification, the demand in the industry has increased exponentially. In coming years India will become one of the biggest global markets. Indian economy is growing and globalizing. Hence, the international companies coming to India will have higher demands of professional accountant and finance experts.

ACCA salary in India is equivalent to a CA. The average salary of ACCA in India is Rs.8 LPA. Generally, the salary in India ranges from Rs.4 to Rs.14 LPA. It may also be higher depending on other skills and company’s demand.

Companies hiring ACCA in India

The big 4 companies – Deloitte, PwC, KPMG, E&Y, multinational companies like Pepsico, Tata group, Embassy Group, Grant Thornton, mid-sized audit firms, etc hire ACCA India. The list also includes HSBC, Shalimar paints, Accenture, etc. Hence, the companies hiring ACCA in India are a lot. Visit here to know more about recruiters in India.

At present, there are 188,000 members and 480,000 students across 178 countries associated with ACCA body. With an increase in the popularity of qualification over the year, the opportunities for jobs have increased. Also, ACCA gives the comprehensive knowledge about IFRS (International Financial Reporting Standards) which is used worldwide. Hence, ACCA India has great opportunities in India as well as across the globe.

Few Important Links for ACCA Exam 2017 | 2018

ACCA Exam Dates ACCA Results ACCA Exemptions
ACCA Past Papers ACCA Jobs ACCA Registration
ACCA Exam Fees ACCA Pass Rates ACCA Results

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Also Read:

How to apply for ACCA Membership?

ACCA Registration Process & Entry Requirements