In India, the salary package of a fresher ACCA member ranges between Rs. 6-10 lacs per annum. Majority of the ACCA members receive a package equivalent to that of an ICAI member (Indian CA) in companies such as the Big 4 (PwC, EY, Deloitte, KPMG) and MNCs.
Knowledge Module: F1 – Accountant in Business F2 – Management Accounting F3 – Financial Accounting Skills Module: F4 – Corporate and Business Law F5 – Performance Management F6 – Taxation F7 – Financial Reporting F8 – Audit and Assurance F9 – Financial Management Professional Module: P1 – Strategic Business Leader P2 – Strategic Business Planning P3 – Advanced Financial Management P4 – Advanced Performance Management P5 – Advanced Taxation P6 – Advanced Audit and Assurance
The eligibility criteria for students vary for each country. For India, students are eligible if they have completed: 10+2 / India School Certificate / Intermediate Certificate / Higher School Certificate / Higher Secondary Certificate / Pre-University Course/ All India Senior School Certificate/Senior Secondary School Examination This is providing passes are held in 5 subjects (at least 3 in Year XII) including English and Mathematics / Accounts, mark of 65% in at least 2 subjects and over 50% on the others) (For the Higher Secondary Certificate the marks are out of 200, so over 130 meets the 65% requirement and over 100 [...]
The internship requirement is 3 years. This can be pursued before, during or after completing the ACCA exam. If a student is working in India, he or she would need to have the work experience certified by an ACCA or an Indian CA (ICAI member). This is similar to the articleship requirement in Indian CA (ICAI). ACCA also expects 3 years’ work experience in the field of finance. Along with some performance objectives and a professional module to be attempted (you need only plan these once you have decided to enrol for the course).
No. As an ACCA, you would not have signing authority, and consequentialy, not sign audit reports and practice audit by setting up your own firm. However, there are ACCAs working in audit firms in India (including the Big 4) who can work as part of the audit team. The partner signing the audit report must be a member of the ICAI.
There are various options available for you once you become a qualified ACCA member: - Work in a financial or consulting capacity in companies such as the Big 4. This could be to gain experience, or a long term plan if the country you reside in accepts ACCA as the signing Authority. - Secure a professional role overseas in countries such as UK, Singapore, Dubai, Australia, Canada, etc. - Immediately after your qualification, or post some experience gained, you can start your own business in any field fascinating you. ACCA knowledge and experience would help in many, and unexpected, ways. - [...]