A course that is made for the ease of learning accounting without compromising any standards, the ACCA qualification is one the most established and notably relevant courses to exist in the current accounting scenario. In the present day, the course has grown into a globally recognized professional accounting qualification with students and members from all around the world. Also over time, ACCA has constantly evolved and modified itself to meet the changing demands of the accounting and finance professional industry. Now let’s look into the scope of ACCA in India along with some of its basics, career opportunities, expected salary packages etc.
Even though the ACCA course has been here for a while, people are not aware of its importance or potential. The ACCA is a globally recognized and accepted professional qualification regarding which employers are valued for their expertise in accounting, finance, and business. Since ACCA is a global network with a large number of people, the ACCA body itself acts as a community that stands together distinctly in the professional world.
ACCA Course Details
In India, the ACCA course is well recognized just like it is in other parts of the world. The ACCA training can be a flexible path for becoming a well-qualified accountant, and it can be followed along with other academic qualifications or work commitments. To be considered as an ACCA member, there are some steps to be followed:
- You need to complete the ACCA exams or tests
- Gain relevant practical experience
- Complete other eligibility requirements set by the ACCA.
In addition to that, the ACCA has a network of Approved Learning Partners and exam centres in India where you can study and then write the exams. One such institution is Elance Learning, which is a Platinum Approved Learning of ACCA. Elance is an organisation which works with the aim of creating a complete and effective commerce ecosystem by making better education available for all and in all local languages.
ACCA Career Opportunities
As for the ACCA career scope, the options are already many and still increasing. Apart from being an accountant, an ACCA professional can also serve as a financial planner, management consultant, and so on. The thing is, the opportunities for an ACCA are never limited. Areas to choose to work are many and so are the job profiles. Also over the past few years, the job opportunities for ACCAs have skyrocketed considerably.
As more and more people are becoming aware of the importance and benefits of the course, the demand for ACCA also has increased accordingly. As the Indian economy is on the path of growth and further globalisation, MultiNational companies and other larger companies are choosing ACCA professionals for their work. With the growth and development of more and more businesses and start-ups, the number of companies that hire ACCAs are no less at all. Considering the rising demand for ACCA-certified professionals and the increasing number of MultiNational Companies, India is likely to become one of the largest global markets for ACCA. And that is why qualified students won’t have to search hard for job opportunities after ACCA.
In India, the average salary of ACCA with little or no experience at all can range from 3 lakhs to 6 lakhs per year. However, as you start gaining work experience, especially in areas such as financial management, audit and taxation, etc, you can start earning from 10 lakhs to more than 20 lakhs per year. Also, the average salary can change very much depending on several factors, including experience, location, the area of work, job role, etc.
As it is for any other qualification, it’s important to note that the course will be subjected to changes and developments that are happening in the industry. To be relevant in these changing conditions, it is better to keep up with the latest developments in the accounting and finance industry of not just India, but the whole world. So for more relevant information like this and keeping up with updates from the world of commerce and business, do visit the Elance website.