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Chartered Certified Accountant (CCA) Course-Everything You Want to Know

Chartered Certified Accountant (CCA) Course-Everything You Want to Know
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Chartered Certified Accountant is one of the most reputed profession recognized globally.it is globally accredited course known and have a branch in 91 countries of the world including India.

Chartered Certified Accountant was historically seen as a British qualified accountant designation awarded by the Association of Chartered Certified Accountants (ACCA). However, although ACCA is UK based, it is a global body for professional accountants with 170,000 qualified members and 436,000 students globally. Support offices/centers exist in 91 countries.
Chartered Certified Accountant was introduced in 1996. Before that date, ACCA members were known as Certified Accountant. It is still permissible for an ACCA member to use this term. Members of ACCA with post-qualification experience of more than five years and have completed the required continued professional development are designated Fellows, and use the designatory letters FCCA in place of ACCA.just like CA to FCA and CS to FCS in India.

 

There is massive requirements and demands for CCA all over the World.If you are CCA, then you can get the job in any country in the world without facing any obstacles.
Chartered Certified Accountants work in all areas of business and finance. Some are employed in public practice work; others work in the private sector, and some are employed by government bodies.

 

Also Read:Option For Exemption From CS Articleship Training

     What is Syllabus of CCA??

The current syllabus of CCA is made up of 14 examinations, although some exemptions are available. The papers are divided into two levels:

The fundamental level: 9 exams consisting of
♦F1 – Accountant in Business.
♦F2 – Management Accounting.
♦F3 – Financial Accounting.
♦F4 – Corporate and Business Law.
♦F5 – Performance Management.
♦F6 – Taxation.
♦F7 – Financial Reporting.
♦F8 – Audit and Assurance.
♦F9 – Financial Management.

The Professional level5 examinations:

 

three necessary papers:
♦P1 – Governance, Risk & Ethics.
♦P2 – Corporate Reporting.
♦P3 – Business Analysis.
four optional papers, of which two must be selected:
♦P4 – Advanced Financial Management.
♦P5 – Advanced Performance Management.
♦P6 – Advanced Taxation.
♦P7 – Advanced Audit and Assurance.

 

     CAN I APPLY TO STUDY THE ACCA QUALIFICATION?

Yes – if you meet the minimum entry requirements which is:

♦A Senior Schools Certificate 10 + 2/CBSE/or recognised board.
A pass in five subjects is required, including English and mathematics.

You can also apply to study the ACCA Qualification if you hold equivalent qualifications, or a bachelor’s degree or master’s degree from Any Recognized University.

     ACCA QUALIFICATION GRADUATE-ENTRY ROUTE


If You are Graduate from any Indian recognized university or any recognized university of the world, then you can get some exemption.
If you have a proper degree from a university accredited by ACCA, you may be eligible to claim exemption from some of CCA exams. You can apply for exemption from a maximum of nine tests at the Fundamentals level of the ACCA Qualification. Please note that no exemptions are awarded for any of the Professional level exams.

Even if your qualifications are not from an accredited institution, you may still be eligible to claim some exemptions. Either you can apply for any exemptions will depend on how much of our syllabus you have already covered in your previous studies.

     FAST TRACK ROUTE FOR CERTIFIED ACCOUNTANTS

If you are an Indian Chartered Accountant (CA), who completed after May 2003, you can take the fast track route to gaining your ACCA membership.If You are Qualified Company Secretary, You can get some exemption from the course.The simple meaning here is if you already studied the subject which is under CCA syllabus then you can get an exemption.

     BENEFITS OF ACCA MEMBERSHIP

Having the ‘ACCA’ letters after your name links you with a tradition of excellence, drive for innovation and high global ethical standards that are recognizable to employers around the world.

ACCA membership is your key to professional opportunities throughout the world. And because the portability of our professional qualification is one of the main reasons people undertake ACCA studies, you’re likely to run into fellow members, should you opt for a globe-trotting career or a fixed-term overseas stint to bolster your CV with international experience.

 

 

APPLYING ONLINE

The quickest and easiest way is via ACCA online registration – it should take you no more than 10 minutes to complete.
BEFORE YOU APPLY

Before you apply, please check that you have read and fully understand the relevant information on:

♦Required documents.
♦Possible exemptions.
♦Payments and fees.
♦Important dates.
You will be asked about your preferences on these in the online application – and will need to answer them to complete the process.

 

Also Read:-10 Things To Consider Before Quitting CS

 

YOUR SUPPORTING DOCUMENTS
Applying online also allows you to upload all your supporting documents. This means your ACCA application will be processed much quicker and you will know at which level you can start your studies shortly after submitting your request.

To complete the application you will need to provide the following:

 

♦proof of any qualifications.
♦proof of identity.
♦passport-style photograph.
If you choose to apply online and upload your documents, you will need to complete your application by making your payment online.

 

     EXEMPTIONS

If you already have some qualifications, you may not have to take all of the exams in the ACCA Qualification or Foundations in Accountancy awards. These are called exemptions and mean that you will start your studies at the right level for your knowledge and skill.

You should apply for exemptions when you first register as a student with ACCA – you can do this by entering your qualification details during the application process, and our database will confirm any exemptions that may be available to you. You must send official proof of any qualifications you already have or are studying for along with your registration form so that we can assess if you are eligible for exemptions, or send in copies (not originals) along with your registration form if applying by post

When your exemptions have been awarded, you will be issued with an exemption notification and an invoice. You will need to pay an exemption fee for each paper assigned. Exemption fees are charged at the early exam entry fee. Students are charged a one-off fee for each exemption awarded to cover administration costs.
ACCA offers exemptions to students who have studied relevant accountancy qualifications before starting ACCA’s Accountancy qualifications. This means that you may not have to take all of the exams in the ACCA Qualification or at the foundation level and you can start your studies at the right level.

 

SHOULD I CLAIM MY EXEMPTIONS?

Exemptions stop you from having to study the same topics that you have already been taught. This is great if you have recently achieved a qualification, as it’s still fresh in your mind. However, if you are thinking of claiming an ACCA exemption based on skills you gained years ago or if you have been working in a field other than accountancy for some time, you may need to take the exam.

Studying for the exam will allow you to refresh your knowledge and will ensure you are sufficiently prepared for the higher level papers, which go into topics in greater depth.

If you are not sure whether to apply for an ACCA exemption, why not have a look through our past exam papers? If you are not confident you could pass the exam right now, you should study for that paper.

Please note:

♦You must send official proof of any qualifications, such as academic transcripts or award certificates, along with your registration form so that we can assess if you are eligible for exemptions.
♦Online print outs of academic transcripts are not acceptable. Only copies of official documentation, signed and stamped by the awarding body, can be accepted.
♦Any documents not in English must be officially translated before they are sent to us.
♦ACCA can only award exemptions for qualifications from recognized institutions (those recognized by the local Ministry of Education). If your institution is not listed on the exemption inquiry database, please ask your institution to send copies of their documents to ACCA for review.
♦If ACCA has not been given the opportunity to fully assess a qualification by an awarding body; then that qualification may not be accredited. In this case, fewer exemptions may be available. Unfortunately, ACCA does not consider applications from students for further exemptions in these circumstances.
♦ACCA implements a system of rigorous checks when assessing requests for exemptions, however, if you are awarded an exemption in error, ACCA reserves the right to remove the award and shall notify you immediately if this exceptional incident does occur.

 

Also Read: –How to Change LLP Agreement, Name, and Address?

 

 

     CCA EXAM ENTRY Deadlines

Exam entry periodEarlyStandardLate
June exam session8 March9 March – 8 April9 April – 8 May
December exam session8 September9 September – 8 October9 October – 8 November
Exam entry methodonline onlyonline and paperonline only

 

 

 

     What is the time BOUND to complete CCA?

The ACCA qualifications have 14 papers in total. You can take exams twice a year and up to 4 exams in each session. Keeping this in mind, you can finish your exams in a minimum of 2.5 years. You MAY OR MAY NOT also get some exemptions depending on your previous qualifications which mean you can also complete the qualification sooner

However, to attain the ACCA membership, you should also complete the Ethics modules and have three years or 36 months practical work experience which you can gain before, alongside or after your studies

     Fees of CCA-Course.

  • CCA initial registration fees – £79( £ is U.K Currency)
  • CCA annual subscription fees – £83
  • Re-registration fees – £79

Costs depend on upon exemption you claim.Qualification you have achieved.and the country you lived.
You can Find All the Details About Procedure for admission, Exemption Process , Fees Structure, Employment Opportunities, Etc. On the OFFICIAL website of ACCA.You can Visit Official Website Here: –CCA INDIA.

 

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Comments (6)

  • I have completed my 12th from CBSE board and directly have taken up CS. Unfortunately i have just scored 40% in my maths exam in 12th standard, will i be able to apply for ACCA course ?

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  • sourav pathak

    Why not u r pursuing CS.IT DOESN’T MATTER HOW MUCH MARKS U GET IN 12TH U CAN DO CS…REGARDING OF UR QUESTION ABOUT ACCA.U CAN DO ACCA….

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  • I am pursuing CS currently sir, i also would like to have the ACCA qualification along with CS. However it’s stated in ACCA website, that at least 50% is required in other subjects with 65% in two subjects. where as i qualify in all other subjects, apart from maths, where i have only 40% , so will i be eligible to register my self for ACCA verification sir ?

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  • sourav pathak

    i think u have to be qualified kamal..
    for detail u can contact ACCA INDIA AUTHORITY fOR MORE CLARIFICATION..

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  • Thanks a lot for your time sir ! The website is so very informative and a wonderful platform, from where CS students could update themselves. Keep up the great work !

    0
  • sourav pathak

    Thanks for Your Appreciation Kamal..Keep Reading..If You can also want to contribute some article you can contribute…tkr,,best of luck.thanksss..

    0

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