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Best Acca Training Institute in Coimbatore - Ara Education

ACCA is a global professional accounting association located in the United Kingdom that offers the Chartered Certified Accountant (ACCA) certificate. In 180 countries, ACCA has 436,000 students and 170,000 members.

Credentials in Education

Any commerce bachelor's degree, such as B.com or BBA, is required.

To take the test, candidates must have 120 credits.

For the license, you'll need 150 credits.

Candidates who have completed a B.com with 90 credits from a UGC-approved university

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Unlocking Opportunities: The Primary Purpose and Qualifications of the ACCA Course

In today's fiercely competitive job market, having a strong educational foundation and professional qualifications is crucial for career advancement. One such qualification that holds immense value in the finance and accounting industry is the ACCA or the Association of Chartered Certified Accountants. In this article, we will delve into the primary purpose of the ACCA course and explore the key qualifications or designations that individuals can earn upon completion. Additionally, we will highlight ACCA courses in Ahmedabad and ACCA coaching in Delhi to provide insights into where individuals can pursue this prestigious qualification.

The ACCA Course: An Overview

The ACCA course is designed to equip individuals with the knowledge and skills needed to excel in the field of finance and accounting. It is a globally recognized qualification that opens doors to a wide range of career opportunities in various industries, making it a preferred choice for aspiring accountants and finance professionals.

Primary Purpose of the ACCA Course

The primary purpose of the ACCA course can be summarized in the following key points:

Professional Expertise: The ACCA program is specifically designed to provide comprehensive knowledge and expertise in finance, accounting, taxation, and auditing. It aims to develop professionals who can demonstrate a high level of competence in these areas.

Global Recognition: One of the primary goals of the ACCA course is to offer a globally recognized qualification. ACCA members are highly sought after by employers worldwide, as the ACCA qualification signifies a strong commitment to professionalism and excellence in the field.

Career Advancement: Another key purpose of the ACCA course is to facilitate career advancement. ACCA-qualified professionals often enjoy faster career progression and access to senior roles, including managerial and leadership positions.

Regulatory Compliance: The ACCA course also emphasizes ethical and professional conduct in accounting and finance. It equips individuals with the knowledge and skills needed to ensure regulatory compliance and uphold the highest standards of ethics in their profession.

Versatility: ACCA qualifications are versatile and applicable across various industries. Whether in finance, consulting, or even entrepreneurship, ACCA-trained professionals can contribute effectively to a wide range of business functions.

Key Qualifications and Designations

Upon completion of the ACCA course, individuals can earn several key qualifications and designations that enhance their professional profile and open doors to a myriad of career opportunities. Some of the notable qualifications include:

ACCA Affiliate: Upon passing the ACCA exams and satisfying the practical experience requirements, individuals become ACCA affiliates. This designation signifies a strong foundation in accounting and finance.

ACCA Member: To attain full ACCA membership, candidates must successfully complete all exams and gain relevant practical experience. ACCA members are recognized as highly skilled professionals who adhere to the highest ethical and professional standards.

Chartered Certified Accountant: ACCA members are entitled to use the prestigious designation of Chartered Certified Accountant, which is globally respected and sought after by employers.

Certified Management Accountant (CMA): In addition to the Chartered Certified Accountant designation, ACCA-qualified professionals can also pursue the CMA qualification, which is highly regarded in the field of management accounting.

Certified Public Accountant (CPA): While the ACCA primarily focuses on international accounting standards, ACCA members often have the opportunity to pursue the CPA qualification to expand their knowledge of U.S. accounting principles.

Diploma in IFRS: The ACCA offers a Diploma in International Financial Reporting Standards (IFRS) to its members. This specialization in IFRS is valuable for professionals working in multinational corporations.

Chartered Financial Analyst (CFA): Some ACCA-qualified professionals also pursue the CFA charter to enhance their expertise in investment management and financial analysis.

ACCA Course in Ahmedabad

Ahmedabad, a vibrant city in Gujarat, India, offers numerous opportunities for individuals seeking to pursue the ACCA course. With its burgeoning finance and business sectors, Ahmedabad provides a conducive environment for aspiring accountants and finance professionals.

ACCA Course Providers: Ahmedabad boasts several reputable institutions that offer ACCA courses. These institutions provide a structured curriculum, experienced faculty, and state-of-the-art facilities to help students excel in their ACCA journey.

Career Prospects: Completing the ACCA course in Ahmedabad opens doors to a range of career prospects, including opportunities with multinational corporations, accounting firms, and financial institutions.

Networking Opportunities: Ahmedabad's thriving business community and active professional associations provide ample networking opportunities for ACCA students and graduates.

Local Support: ACCA coaching centers in Ahmedabad offer comprehensive support, including exam preparation, practical experience guidance, and career counseling.

ACCA Coaching in Delhi

Delhi, the capital city of India, is a hub for education and professional development. As such, it offers excellent options for ACCA coaching and preparation.

Reputed Coaching Institutes: Delhi is home to some of the most renowned ACCA coaching institutes in India. These institutes have a track record of producing successful ACCA candidates and offer comprehensive study materials and mock exams.

Strategic Location: Delhi's strategic location and connectivity make it an attractive choice for students from across the country and even international candidates looking to pursue the ACCA qualification.

Industry Exposure: Being the political and financial center of India, Delhi offers unparalleled opportunities for industry exposure and internships, which are invaluable for ACCA students.

Global Perspective: Delhi's cosmopolitan atmosphere provides ACCA students with a global perspective, making them well-prepared to work in diverse international settings.

Conclusion

The ACCA course is more than just a qualification; it's a gateway to a world of opportunities in finance, accounting, and related fields. Its primary purpose is to equip individuals with the knowledge and skills needed to excel in their careers, and upon completion, it offers a range of prestigious qualifications and designations. Whether you choose to pursue the ACCA course in Ahmedabad or opt for ACCA coaching in Delhi, you're embarking on a journey that can transform your professional life and open doors to a world of possibilities. So, if you aspire to be a Chartered Certified Accountant and make a mark in the finance industry, the ACCA course is your path to success.

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ACCA UK Course | ACCA Course Details & Fees | Online ACCA Course in India | Navkar Digital Institute

If you are starting out in Accounting and Finance or already working in Finance but have no formal qualifications then you can start your journey for ACCA UK Online Course at Navkar Digital Institute.

They provide access to a wealth of resources and support to help you develop your skills and knowledge from the Top Faculties of India.

To know more details or want to pursue UK ACCA Course, feel free to connect with us today at 7567712000 | 7567739000 or visit https://www.navkardigitalinstitute.com/courses/foreign-courses/uk-acca/

[lakshyaca]

How Difficult is it to Pass the ACCA Exam?

ACCA is an internationally recognized qualification and is one of the most sought-after courses as clearing the ACCA exams makes you a Certified professional, it will also help you gain ACCA membership. It opens up a wide array of opportunities as it is an accepted qualification across the globe (Across 180 countries) Many students have a false notion that ACCA exams have complicated syllabi, which are very vast thus making it difficult for students to clear the exam. This cannot be further from the truth. ACCA is comparatively much easier and more flexible when you compare it with other professional courses such as CA or CFA. The exam holds high value in a global environment due to its rigorous testing that showcases credibility. Students have to attempt 13 exams which are based on a well-curated curriculum that builds industry-relevant knowledge and skills and professional values. The ACCA exams will equip you to carry out strategic tasks at the highest level of management. 

ACCA course details and structure: ACCA exams can be completed in a very short duration successfully is you have a strategy in place. ACCA aspirants just need to focus on their syllabus and have a structured study plan with the recommended study materials and be a part of a good coaching institute that can guide them strategically. In order to be a qualified ACCA member they need to meet the following criteria. 

Attempt and clear 13 papers (ACCA allows up to 9 papers exemption for those who have to meet the exemption criteria)

Recorded experience of at least 36 months

Subjects in the ACCA syllabus

The ACCA exam is subdivided into 3 levels which include Applied Knowledge, Applied Skills, and strategic professional levels. 

The subjects for these 3 levels are 

For Applied Knowledge

Business Accounting

Management Accounting

Financial Accounting

For Applied Skills

Corporate and Business Laws

Performance Management

Taxation

Financial Reporting

 Audit and Assurance

Financial Management

For Strategic Professional

Compulsory

Strategic Business Leadership

Strategic Business Reporting

Optional

Advanced Financial Management

Advanced Performance Management

Advanced Taxation

Advanced Audit and Assurance

How can I clear ACCA on my first attempt?

As mentioned earlier ACCA has a very flexible exam format/structure which makes it much easier to clear ACCA on the first attempt compared to other professional commerce courses. The key element that one needs to focus on when preparing for ACCA is to have a well-structured plan and a concrete study routine. Enrolling in a well-established institute will help streamline this process. In this blog, we will discuss some pointers that are essential in you clearing your ACCA exam on the first attempt. • Have a proper study plan - The first step to getting started with the exam preparation is by going through the entire syllabus and developing a comprehensive study plan which will cover all the important topics. The first four exams can be attempted during the 4 windows throughout the year, the next four exams can be taken in March, June, September, and December. If you focus on one paper every quarter you can clear one subject at a time, this strategy is especially beneficial when it comes to higher-level papers as they have more to cover and are more difficult compared to the earlier papers. 

Do not skip topics - Do not skip topics thinking that the portion is difficult. Spent more time on weak areas, divide your time and effort in a manner so that you are able to answer questions across all aspects

Attempt mock exams - Mock exams are an effective and proven method to analyze your strong and weak points. It is vital that students take well-planned mock exams and similar simulations in the exam environment to better understand the exam. Once you have attempted 4-5 tests then you will feel confident on the day of the exam. The first 4 exams are computer-based, in an MCQ format. The subsequent papers have a combination of multiple-choice questions and subjective questions which require practice and technique. Attempting the exam in the prescribed time duration will also help you to be more familiar with the exam structure and format. You will also be able to understand difficulty levels and questioning tendencies by attempting the previous year's question papers. 

Use a mind map to go through the syllabus - ACCA as mentioned earlier is a hands-on, application-oriented qualification that necessitates more practice than memorization. In order to let all the information sink into your long-term memory than relying on short-term memory you need to give it some time. It's always a good idea to revise all the topics you have covered so that you have a better chance of clearing the papers. It is also recommended to make notes of acronyms and other important notes, and connect with your classmates and instructors to come up with ways to remember your topics. 

D-Day advice (What to keep in your mind right before your exams)

Do not cramp your mind or revise right before your exam day. It may affect your confidence if you are unable to answer some questions. Also do not compare your past mock test scores with your friends. 

Do not experiment with new food items before your exam. Stick to your normal food and routine. 

Always start with the question you are confident of, it would boost your confidence and will put forth a good impression in front of your invigilator. For MCQd there are no negative markings, so even if you make a guess you still have a 25 percent chance of getting the right answer. 

Do not waste your time on just one question. You can get back to the unanswered question when you have finished attempting the other questions, as time will become increasingly important for you.

When answering a question do not rush yourself. Give yourself the time to process the question and put in the work needed to recollect portions you have studied. 

Is it possible to study and clear ACCA if I am working?

You can explore our earlier article which dives deep into this topic. If you are someone who wants to pursue their education in ACCA along with their work, you can do so by enrolling in an online program. But we are aware that you will be willing to make social sacrifices and be able to manage time effectively. At Lakshya, we have flexible modes of delivery by which you can attend classes either in the physical class or attend our online classes led by industry experts who will teach you topics in depth. It will help you to comprehend the subjects and topics in a better manner without hampering your work schedule. We also offer recorded classes if you wish to explore and brush up on certain topics. 

FAQ’s     1. How difficult is it to pass ACCA on the first attempt?

ACCA considers an attempt successful if we receive at least 50% of the marks, which is pretty feasible to score. It's always a great idea to get proper training from an experienced and certified ACCA faculty member, this will exponentially increase your chances of clearing the paper. 

How can I clear all my ACCA papers on my first attempt?

Study on a day-to-day basis. Try and cover portions along with your lecture. Do not wait till the last minute. The revision course will ensure that you are completely prepared on the day of your exam. Ensure that you are very familiar with the exam structure, and regulations along with other things. Have a proper structure for your preparation and set achievable smart goals for each day. 

How can I clear the ACCA f8 if I attempt to do self-study?

The ACCA f8 as you are aware has a history of having one of the lowest pass rates. This paper will put your technical knowledge and audit principles to the test. It will also test your comprehension ability of the assurance engagement process and its application to a professional regulatory framework. You should try and work on at least 5 MCQ questions a day, which will enable you to complete 300 MCQ questions. This will help with retention and overall understanding of the concepts. 

What are the tips to clear the SBR paper on your first attempt?

In order to clear the SBR papers you should not only have the technical know-how you should also be able to apply and explain that knowledge during the exam. Be strategic, do not just write down whatever you know, choose the most relevant point and state that for the question. Answer in points instead of writing in long paragraphs, it will not help you to get marks.

Conclusion

With flexible modes of learning clearing your ACCA should not be a challenge. Explore the best method that will suit you. At Lakshya we have more than a decade of experience in teaching, we have specially curated teaching materials and a dedicated platform that will help you to have the best learning experience. We also provide regular exams, discussions, and more to ensure that you are well accustomed to the subject. If you have any further questions about the course or wish to attempt a demo class to know more please feel free to connect with our career experts. 

[sayalimagar]

What is ACCA?

Association of Chartered Certified Accountants (ACCA)

ACCA or UK CA is the most sought-after qualification among commerce students.

Founded in 1904, the Association of Chartered Certified Accountants is the global professional accounting body offering the Chartered Certified Accountant qualification. It has 233,000 members and 536,000 future members worldwide. ACCA’s headquarters are in London with the principal administrative office in Glasgow.

ACCA has a reputation and recognition in more than 180 countries including India.

ACCA is truly a Global CA. Professional accountants who hold this qualification have numerous opportunities to work and practice.

ACCA professionals get recognition in countries like India, Canada, Singapore, the UK, Japan, Dubai, Australia, Malaysia, Singapore, Germany, New Zealand, European Union, Ireland, Switzerland, South Africa, etc.

ACCA has tie-ups with many prestigious accounting bodies across the globe which gives an ACCA Affiliate an opportunity to become a member of that accounting body. It helps to get recognition in many countries.

Why choose ACCA?

Comprehensive Qualification

ACCA syllabus is equivalent to CA. The syllabus covers areas like

Taxation

Auditing

Law

Strategic business reporting

Performance Management

Financial Management

Financial reporting

All technical and management skills that are required by a chartered accountant.

Worldwide Recognition

ACCA is the global body of professional accountants.

This means ACCA members can work in any part of the world.

ACCA is recognized in more than 180 countries including INDIA.

ACCA puts you on a Global Accounting Platform.

You can choose to work or practice in INDIA or any country in the UK and UAE.

Exemptions

ACCA students get exemptions based on their previous qualifications which is a unique feature of ACCA.

Flexibility

Exams are conducted 4 times a year, March, June, September, December.

ACCA does not follow a group system

You can appear for the exam at your convenience. (If you fail in the particular exam you just need to appear for that exam only.)

Remotely Invigilated Exams are the biggest advantage of ACCA. Students can give exams by sitting at home in the safest and most secure atmosphere

Career prospects

ACCA candidates are hired by leading companies all over the world

Multinationals having Indian subsidiaries, BIG 4, and Indian Multinationals welcome ACCA students.

Not only Big 4’s like Deloitte, KPMG, EY, PwC but by many other giants like BDO,Grant Thornton, RSM International, Intel, Tech Mahindra Limited, Blackrock Inc, Hong Kong Monetary Authority, Accenture, Dell, PepsiCo, Amazon, and many more

Flexibility in PER

In the Indian context, PER is nothing but Article ship.

You can become an ACCA affiliate the moment you clear all your exams and the professional ethics module.

PER or practical work experience can be fulfilled either when you are studying for ACCA or after becoming an affiliate.

Application based curriculum

ACCA enhances your analytical and problem-solving skills.

The study approach is more practical than theoretical, shaping students into Good Leaders, Managers, and Entrepreneurs.

ACCA does not have a rote study pattern.

Exam pattern

The ACCA Exam Pattern has two parts: Computer-based which include Multiple Choice Questions (MCQs) and Scenario-based questions (Computer Based)

ACCA exam pattern encourages students to work on conceptual clarity and logical reasoning, unlike other courses which require ROTE & REPETITIVE studies.

International Laws and IFRS

The course is much similar to Chartered Accountancy but it gives you additional knowledge of UK GAAP, Laws, and IFRS.

This opens up the gate for all multinationals and BIG4 puts you ahead in the competition.

Short duration of the course

The duration is comparatively shorter than other similar courses.

Out of 13 papers, one can attempt a max of 8 papers in a year, and in this way, the course could be completed in 2 to 3 years.

Experienced and Qualified Faculty

CA CPA Aparna Mam and  CA Krishita Mam have rich corporate experience.

Live online & offline sessions

All our sessions are live on Microsoft Teams platform. One of the few Institutes to offer offline classes for Knowledge level in Pune.

Mock Exam

At AKs, we take 2 Mocks for Knowledge and Skill level And 3 Mocks for Professional level. At AKs, we give 1:1 feedback to our students after every mock.

Only 10-15 students per batch

A limited number of students for personalized attention

Regular Test

There are a minimum of  4-6 tests for each paper

Access to Recording

Students get access to all recordings which helps them to revise concepts

Dedicated full-time faculties

2 to 3 dedicated subject wise faculties for the seamless learning experience

Exam Kits

Both Kaplan & BPP exam kits are covered in class

Timing of ACCA Exam

Knowledge level exams are one demand. (Once you are ready you can request for the exam)

Skill Level & Professional level exams are conducted in March, June, September, and December  4 times a year.

Attempts

There are no time limits for passing any Foundations in Accountancy exams, nor any of the Applied Knowledge and Applied Skills exams as part of the ACCA Qualification.

But once you clear your first professional (P) level paper, you are expected to clear the remaining papers in the next 7 years.

What is PER in ACCA?

Once students clear all 13 papers they become ACCA Affiliate. Now to earn the membership they must gain PER (Practical Experience Requirement)

PER has 3 key elements to it,

36 Months of Experience

This experience must be in the field of Accounts or Finance

This need not be a continuous 36 months of experience. Students can work with different companies which will add up to 36 months of work exposure

Students can even start to work when they are actually studying for ACCA.

Work experience in the accounts department of a relatives company or even own business is considered valid for PER. But also make sure to disclose this piece of information to ACCA

Even teaching accounts and finance is considered as work experience. There is a condition that only 12 months of tutors’ experience is countable.

Your senior should be a member of IFAC. (CA, ACCA, CMA, ICWA, CPA, CFA)

9 Performance Objectives

ACCA has given a list of 22 performance objectives to ensure that the ACCA affiliate has all the required technical as well as soft skills as a qualified accountant.

Out of these 22 affiliates must fulfill 9 objectives.

In 9 Objectives first 5 objectives given in the list are compulsory while the 4 objectives can be as per your work experience.

Once you claim to achieve these objectives your senior under whom you have worked will receive a mail of approval. And that’s how ACCA Affiliate will fill up 9 objectives in MY ACCA account.

Ethics Module(EPSM)

It is an online learning module that tests your decision-making skills and behavior in real-world business scenarios. It is 10 units of content that students must read and answer.

There is peer assessment or review in the 8th unit wherein students will prepare a presentation which will be assessed by other ACCA students

Pass mark is 50%.

Job Opportunities, scope, and salary in India and abroad after ACCA

ACCA can secure jobs in the field of Accounts and Finance.

There are innumerable opportunities in profiles like Consulting, Taxation, Fund Management, Accounting Advisory, Statutory Audit, Mergers & Acquisitions, etc

ACCA has signing authority in Canada, Singapore, the UK, Japan, Dubai, Australia, Malaysia, Germany, New Zealand, European Union, Ireland, Switzerland, South Africa except for India. (But that should not stop you from setting up practice or consultancy in Accounts and Finance in India)

FAQ

What job can I do with ACCA?

ACCA students have the right skills for Finance, Accountants, Banking, consulting, and Management.

Can I get a job with ACCA?

The answer is YES. ACCA in itself is a complete qualification.

Can ACCA get job in Big 4?

YES, BIG 4 prefer ACCA students due to its comprehensive course structure and syllabus

Can an ACCA audit? and do they have signing authority?

Yes ACCA can perform audits.

An ACCA has signing authority in most countries other than India, which includes the UK, Canada, EU, Australia, and many more. An ACCA professional can practice in countries where there are no restrictions for them to work.

ACCA can set up a practice in India but they need to partner with CA for signature which is possible.(Important part in consultation or practice is acquiring loyal clients and providing the best possible service)

How many attempts are allowed in ACCA?

There is no time limits for passing any Foundations in Accountancy exams, nor any of the Applied Knowledge and Applied Skills exams as part of the ACCA Qualification.

But once you clear your first professional (P) level paper, you are expected to clear the remaining papers in the next 7 years.

Can 10th student apply for ACCA?

Yes, 10th students can apply for ACCA(please click the link FIA)

What are the entry requirements for ACCA?

10+2 (Aggregate 65% in Mathematics & English and Minimum 50% in other subjects

What are remotely invigilated exams?

Remotely Invigilated Exam is the facility introduced by ACCA during the COVID Pandemic whereby students can give all exams from their home. You just need to have a good wifi connection, a machine(laptop/desktop), and a quiet place to give the exam

is ACCA qualified foe chartered accountant?

Yes. Once you’ve cleared all 13 papers of ACCA qualification, you become a Certified Chartered Accountant.

Where can I give ACCA exam?

The first four papers are on demand and they can be given at any time at an ACCA-approved on-demand CBE (computer-based exam) Centre.

The remaining papers are given quarterly in March, June, September, and December at the various centers selected by ACCA. These centers can be anywhere in selected cities.

AKs Training Academy is Approved exam on Demand CBE center for First four exams.

Can I do ACCA without maths?

Yes, you can do it, Maths is not compulsory for pursuing ACCA as long as you had accountancy in your 12th.

[manpreetk2]

Start your ACCA journey with Fintram Global

Prepare for ACCA certification with Fintram qualified faculties & step by step mentoring. 170+ World & India rankers | Live + recorded lecture access

FinTram Global offers Best Quality ACCA Education in the most Affordable and Flexible Format. Our students can choose for how many months they need to prepare for Exam and can pay for that specific time period only. Our lectures are available 24/7 making it extremely flexible for students to study anywhere and anytime.

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Join Today at One of the Top Most ACCA Institute in India

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ACCA FR(IFRS) Class

ACCA FR(IFRS) Class starts from September 2. Get admission in the best ACCA coaching center in Coimbatore and take the convenient mode of classes. https://www.pracademy.in/acca-coaching-classes.php

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[araeducationsposts]

Admissions open for ACCA Knowledge|Skill|professional Level Papers at ARA Education - India's No.1 Institute for Professional Courses.

ARA Education is the only ACCA Coaching Provider for Online|Offline Coaching with One-time fee payment till passing|Study Notes|Weekly basis Tests|Doubt Clarification Sessions|Revision Tests|Campus Job Placements etc...

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Best ACCA Coaching Institute in Coimbatore Tamilnadu 2023-2024 #shorts

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PASS CA CS CMA EXAM IN FIRST ATTEMPT 12 IMPORTANT REVISION TIPS

PASS CA CS CMA EXAM IN FIRST ATTEMPT 12 IMPORTANT REVISION TIPS

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[araeducationsposts]

Admissions opened for ACCA @ ARA Education - No.1 ACCA Coaching Provider in Tamilnadu, India.

ARA Education is the only ACCA Coaching Provider for Online|Offline Coaching with Study Notes|Weekly basis Tests|Doubt Clarification Sessions|Revision Tests|Campus Job Placements etc...

For every updates regarding ACCA Exams, Exam Tips, etc., kindly Subscribe our Channel https://www.youtube.com/channel/UCdOVuBY_-IJKGHkFXqao9_A and press the Bell Icon so that you'll receive all the useful information immediately.

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[lakshyaca]

Learn About The Benefits Of Choosing A Career In Commerce

Commerce is the focal point across the globe today. The subject shares knowledge in the fields of trade and business, banking and insurance, business and management, and economy, and development, thus fostering entrepreneurship qualities. The commerce sector and its development are considered a boon to society, countries, and even to the world, which establishes numerous opportunities in diverse areas of commerce. Let us discuss some of the factors that make commerce one of the highly anticipated streams of study.

Commerce, the job-oriented course

A job-oriented course has a self-defined career path to equip the aspirants with a secure and established future. Commerce has a significant role in the present education system and provides a rewarding career with diverse opportunities to choose from. Commerce is the perfect option for a candidate aspiring for a job with a favorable salary package at the earliest. Professional Courses in Commerce likeCA,ACCA, CS, CMA INDIA, and CMA USA can be pursued after 12th grade. By working with a passion for the subject and strong determination, one can gain the qualifications in a shorter period and get placed in big multinational companies and reputed organizations. A candidate skeptical about clearing the competitive exams of the professional courses can choose graduation, a Bachelor of Commerce (B.COM) that assures you placement in companies and also opens your door to a professional course in Commerce with paper exemptions. The Commerce course offers a widened platform to learn and understand business, trade and management. It equips you with basic principles of the economy and capacitates you with chapters of entrepreneurship to nurture your dream of initiating a business. Thus, Commerce is a dynamic field with diverse opportunities that develop, refine and actualize an ambitious aspirant’s successful career.

Financial Literacy

Financial literacy is an essential life skill required to build a secure financial future. Having a  relevant understanding of financial management can help you balance your life and reduce your stress level. Students are generally less concerned about financial management and have lower levels of financial literacy, but commerce students are reported to have higher levels of financial literacy. Learning commerce provides students with an understanding of  basic ideas of  financial management and enables their involvement in the financial system. Once completing the course, the student will be able to balance spending, savings and budget, understand the importance of profit in a business and learn about the banking and insurance sector.

A desirable life: socially, personally and  professionally

Learning commerce capacitates students with a range of skills that begins from basic to professional skills. Communication is a key skill required to lead a desirable social life and a commerce student carries essential abilities to converse and communicate in a better way. The connection of the commerce stream with the business environment and the applicability of commerce students in it has contributed to developing a strong bond with the society, education and employment sector. Adaptability to different scenarios is not a difficult task for commerce students as they are schooled in a dynamic environment and polished with certainties and uncertainties to equip them with the confidence to own, manage and coordinate a business or an organization.

Commerce education endows individuals with practical knowledge and skills to develop an element of power to make strong decisions that determine the existence of any business or profession. The course offers varied opportunities for the students to choose a secure career with high exposure at the earliest thus enabling personal development mentally, financially and socially. There are many coaching centers for professional courses  in commerce streams like CA,ACCA, CS, CMA INDIA, and CMA USA  which leads  commerce aspirants with a reputed career and professional life.

The wider world of commerce

A Commerce student has a plethora of opportunities to excel in their career in a wide range of employment sectors. They can choose a career by analyzing their interest in specific subjects as each option is different from one another and provides different job titles for qualified candidates. The student who chooses to learn commerce after the 12th grade can start early preparations to pursue professional courses in commerce which will grant them great exposure and access to a secure career. After 12th, they have a wide range of opportunities to traverse along a complementing educational path and CA, ACCA, CS, CMA INDIA, CMA USA, B.com, and BBA are the most sought-after courses. Commerce endows students with abilities and skills to lead a successful career. A Commerce student is trained to handle all kinds of economic and financial development to contribute remarkably to their respective career.

Future of commerce and e-commerce

Commerce is a dynamic and developing world with ample opportunities in the private and government sectors. In the new era of global education, the commerce stream has a great role. India hopefully will experience a shift in the current trends of education with an enormous number of aspirants in the commerce sector. Researchers suggest that the number of commerce students in India will rise to 100 million in the next few years and, as a result of that, there will be a wide opening of opportunities in the commerce sector.

E-commerce will turn out to be people’s first choice and also the backup of the people. The pattern of growth the industry shares is incredible. The emergence of e-commerce has resulted in a total transformation of the education sector, initiating the rise of digital learning, virtual universities and an increasing rate of global competition in the world of education. The industry has manifested an evolution in the business world and, based on scientific studies and learning, it is predicted that by 2025 the e-commerce industry will become customer-centric. With the major developments and advancements in the industry, it will open doors to numerous opportunities for commerce aspirants to develop a secure future ahead.

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ACCA v/s CS, Which is a better choice?

Professional certification courses in Commerce are considered the most desirable choice for a successful career and life with innumerable opportunities, developments and possibilities. Commerce is a highly anticipated field for aspirers all over the world. Association of Chartered Certified Accountants of India (ACCA) and Company Secretary(CS) are two main courses students look forward to while pursuing a career in commerce. At times you might be confused in choosing between highly admired courses likeACCAand CS, here are some insights shared to clarify your queries and equip you with common differentiations between both and guide you through the right way to balance your interests with your skills and choose the perfect course to build on a  career.

What is ACCA?

Students generally have confusion in choosing a career especially when there are diverse options to consider in the stream they belong to. But while choosing, make the perfect choice that frames a perfect picture of your future, ACCA is one such choice. The Association of Chartered Certified Accountants is considered the largest and most esteemed professional certification in accounting with global recognition in more than 180 countries. For students aspiring to build their career inside and outside India ACCA is a perfect choice as the accounting concepts are taught from a global perspective enabling a progressive accounting career internationally. The course offers high prospects in our professional as well as personal life entitling access to a secure future at the earliest. Esteemed ACCA coaching centers capacitate students with meticulous knowledge and comprehensive skills to perform exceptionally well in their careers.

What is CS?

For a student with an interest in managing the legal facet of a company, the best choice is the CS course. The Company Secretary course is a certificate program that builds professionals to facilitate efficient administration and legal aspects of a company. The prestigious course with a duration of three years is offered by the Institute of Company Secretaries of  India. Company Secretaries are the main link that connects the company with the board of directors, stakeholders, government authorities and all others involved. The course will nurture your skill and equip you with immense knowledge in handling the legal aspects of a company. Develop a successful career in the Company Secretary course under the guidance of renowned CS coaching institutions to live a well-settled life.

Identify your interest and nurture your skills.

Commerce is a stream that offers a highly rewarding career, whatever you choose it should emerge from your enthusiasm and interest. For students who possess an affinity for numbers and accounts the ideal choice to embark on a professional journey is ACCA. In contrast, a student with a keen interest in legislation and managing administration can initiate a career as a CS professional. Identification of your skills is an essential step before deciding on the course. If you are proficient in technical and quantitative skills, your goal should be ACCA. On the contrary, if you have exceptional theoretical skills, you are destined to excel as a Company Secretary.  ACCA is a UK-based course which opens the path to global recognition for a student equipping them with technical skills and knowledge about accounts.CS is a better choice for a student willing to develop a career in India since there are restrictions with boundaries of Indian law, system, policies and rules to start a professional career.

Passing Rates

Candidates’ knowledge of various topics and their ability to handle different scenarios are critically analysed and evaluated in every exam, hence all exams pose a difficulty level which can be cracked with hard work and dedication. ACCA exams are approachable to the comfort of the examinees as exams are held every quarter, allowing students to choose the paper and prepare for it exquisitely. CS exams are conducted only twice every year and the students don’t have the privilege to attempt the whole papers as a module. While comparing the passing rates of both courses the CS students show comparatively lower passing rates than ACCA aspirers. CS is classified as one of the toughest exams and ACCA is recognised as the moderately difficult exam.

Conclusion

ACCA and CS are two different courses that belong to the stream of commerce, but they carry differentiations at various levels. While choosing between both, invariably make a definite decision, analyzing the elements, comparing the factors, and foreseeing the career goals to attain a gratifying personal and professional life. 

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What is the Need for Practical Experience in ACCA?

ACCA is one of the most sought after globally recognized certifications. Once you have started taking the examinations and are doing well they next curve ball that will come your way is to meet the Practical Experience Requirement or PER. 

The PER is a vital component of the ACCA qualification. In order to be an ACCA member all trainees, both students and affiliates must successfully complete:

The ACCA exams

Ethic and Professional skills module

Practical experience requirement

Why is practical experience needed?

ACCA’s PER will help individuals develop their professional knowledge and values, help hone their ethics and behaviours that are essential to be a professional qualified accountant. The PER has 3 main components to it which are

achieve five (5) Essentials and any four (4) Technical performance objectives by gaining the experience required to achieve the necessary elements and complete a statement for each performance objective, which are signed off by your practical experience supervisor*

complete 36 months’ experience in one or more accounting or finance-related role 

regularly record your PER progress in your online My Experience record, which can be accessed via myACCA.

PER helps you to be an efficient and qualified ACCA working professional. It is not enough just to learn theoretical knowledge, students also need to develop their skills in the workplace along with passing the exams. This is exactly where PER comes into play. The PER will help to apply and practice the knowledge and techniques you have gained through your studies towards the ACCA exams. It will help you to observe and be involved in real-life situations which will help to develop professional skills, behaviours and attitudes. Having PER will also enable you to develop your judgement, encourage you to reflect on the quality of work and help you improve your performance in the future as well. Employees expect ACCA members to showcase their knowledge, skill set and ability to work in a professional setting while having ethical conduct behaviour. PER will help you to confirm the quality of your workplace performance. 

What are the various ways by which I can get practical experience in ACCA?

You can try various methods other than the normal employment route to gain practical experience. In this article we will discuss about some of the methods you can employ to gain practical experience.

Job Rotation

A job rotation involves temporarily changing roles with a colleague. When you try job rotation you will get to perform new tasks on your own which will enable you to get valuable insights and gain new skills. Those individuals who have taken job rotations generally develop fresh ideas and feel enthusiastic when they go back to their original roles. 

Secondment

A secondment is when you get a transfer to another post or a department but for a fixed period of time. This is a great opportunity for you to get more responsibility and really challenge yourself, this will increase your job satisfaction. When you are on the lookout to find a suitable secondment, you should keep a lookout for opportunities to get extended cover, for eg: for those staff who are on a sabbatical, maternity break or those who have long-term sick leaves. Your workplace mentor or others who can authorise such moves may not have thought of a secondment option for you, so make sure you take the step forward to ask about secondment so that it will benefit everyone who is involved. 

On-the-job training

On-the-job training involves being monitored or supervised while tasks are being performed, this allows you to build your skills and confidence. When planning for an on-the-job training, keep a look out for activities that you would be responsible for, and for which your training would be supported and even welcomed by your colleagues. A training of this kind will demonstrate the skills you have learned to your workplace mention and to your colleagues who can ultimately influence your career trajectory. 

Workshops

Workshops essentially involve you tracking part in a group session where you would be discussing on work-related topics that are approved beforehand. If you have good knowledge about a topic you can even suggest running specific workshops based on your area of expertise, these types of workshops should turn out to be very beneficial for junior employees. It is also a great way to encourage your colleagues to share or voice their opinions outside of an office environment. 

Project Work

Project work involves participation in team or inter-departmental projects. It is a great idea to volunteer for project work as it may give you opportunities that otherwise may not have considered when originally planning on meeting your performance objective. Tasks including negotiating, writing reports hosting meets, planning ahead, coordinating other activities etc will help you to build your personal effectiveness skills which are a must have when practical experience requirements have to be met. 

Shadowing

Shadowing consists of observing the work practices of a more experienced colleague, which is usually for a task where you cannot be given complete authority or responsibility. You will get to learn a lot by watching and listening to your fellow employees - this is provided that you have the time to explain their actions while they are doing their work. The main advantage of shadowing is that it will keep the disruption to your colleagues at a minimum. This form of working will also give you a great opportunity to ask questions, most people respond well to the opportunity where they can demonstrate their own specific skill sets. 

Now let us look at some questions that most students have with respect to their PER’s

1. What will my status be considered as if I have cleared all my papers but I still haven’t completed my PER?

In order to be an ACCA member and be qualified as a professional accountant, it is essential to clear all the exams, complete the ethics and professionals skills module and complete your PER. You are not permitted to apply for membership unless you have completed all 3 components. 

2. What are the steps I need to take in order to complete the practical experience requirement?

As mentioned earlier the PER consists of 3 components. All aspects of which are equally important. The first is to complete 36 months of employment ina an accounting or finance related role, the second is to obtain five essentials or at least four technical performance objectives to the satisfaction of your practical experience supervisor.  And the third step is consistently recording and reporting your PER progress through the online MY Experience record. 

3. When do I complete my practical experience requirement?

We highly recommend that you update your online My Experience record regularly. One of the challenges that trainees encounter when they apply for membership is that they find our that they are missing vital information such as the details of the employer, or they have failed to get sign off for time and performance objectives with a previous employer. 

4. Is it possible for me to use the work experience I have gained before obtaining my ACCA qualification?

Yes. It is very much possible for you to use your experience from previous job roles (before of after registering as an ACCA students) so as to help you clain a performance objective. There is no specific time limit for this. The only requirement that is there that a qualified person who has supervised your work should be able to review and sign-off performance objectives and claim your time based on the experience you have attained. Also, as the profession continued to develop you can also consider if the experience you have attained if more that five years is still relevant. 

5. How do I know if my experience is relevant?

ACCA trained are trained to find employment in every sector and in organizations both big and small. When you are keeping an eye out for opportunities make sure that they will help you to meet your PER and will help you to achieve 36 months of experience in a relevant role or roles. You should ideally be looking to find a job where you will be spending most of your time on activities or tasks which are related to accounting, finance, audit and assurance or other roles related to technical areas such as taxation, insolvency and forensic accounting. 

Your work will be counted towards 36 months of experience only if your job includes some accounting or finance related work or if you have spent time on such relevant activities. Let us consider an example if you have spent 50% of your working time during your year on accounting or finance relates tasks then you can only claim six months out  of the possible 12 months as relevant time. This is because when you record your role in My Experience you are required to input the percentage of time you have to spend on accounting or finance-related activities, the relevant time you will them claim will be calculated automatically. 

You could also consider using your experience from previous roles, voluntary work, work placements and internships towards your PER which could include the experience you have received before you registered for your ACCA. In such cases where you have relevant previous work experience the person who has supervised your work at that time should be able to review and sign-off your experience. 

If you have more questions on PER or wish to pursue your education with ACCA please contact our career experts who will guide you on the same.