The world of Business is ever changing and innovative, Consumer tastes, consumer preferences, consumer lifestyles are not fixed and hence contributes well to the evolution of new business ideas and new Business models. But the core of any business always remains same i.e. Finance and Accounts. A Fruit seller selling fruit to hi-tech businesses managed by MNCs bears the same pulse of the business. The language of business is the same for any business. Thus to capture the pulse business houses has to understand the language of Finance very well. A successful business can be run well by trained management with forwarding looking Ideas. Thus, well trainees Finance professionals are always in demand to manage these business houses. Several high esteemed Financial and Accounting bodies have initiated courses across the globe which develops Finance professionals. Accounting regulatory bodies like the American Institute of Certified Public Accountants (AICPA) which is the largest Accounting Body across the world and Association of Certified Chartered Accountant provides their own degrees which are globally accepted.
ACCA stands for Association of Certified Chartered Accountant is a Chartered Accountant degree which is given by Association of Chartered Accountant with headquarters situated at London. CPA stands for Certified Public Accountant and the degree is provided by the American Institute of Certified Public Accountants (AICPA). Both ACCA vs CPA these are highly qualified Accounting courses designed for professionals who are interested in making a career in Accounting, Taxation, Auditing, and Finance.
CPA can also choose any stream in Finance Field starting from Management Accounting, Financial Analyst, Auditing, Taxation, Finance Controlling etc. The course itself includes Uniform Certified Public Accountant Examination organized by AICPA and after the exam is passed there are certain procedures which include certain ethics and the candidates have to abide by regulatory framework guided by the respective governing body. The professionals are entitled to Audit for Federal and State levels and can act as consultants who could guide several business houses and can act as consultants of several small and mid-size firms; for tax and audit purpose also.
ACCA has more or less same kinds of opportunities and the term charter in ACCA stands for Royal Charter which is referred as Royal Charter granted in 1974. The degree was given with the intention to give protection. ACCA Exam consists of 14 papers and emphasis is given on the core values of integrity, accountability, diversity, and innovations etc. The degree is accepted globally across 180 countries. The Degree has its own reputation of one hundred years and the professionals have provided services to more than 7500 employers across a different field. The 3 important steps of ACCA are applied knowledge (Diploma), Applied Skills (Advance Diploma) and essentials.
Key Differences ACCA vs CPA
Both ACCA vs CPA are popular choices in the market; let us discuss some of the major Difference Between ACCA and CPA:
- ACCA is an international degree and is valid across the globe. CPA, on the other hand, stands for Certified Management Accountants. CPA works for the Regulator of a business whereas ACCA is the Advance module of Finance.
- The work experience required for ACCA is 1-2 years whereas CPA requires 3 years. Both ACCA vs CPA degrees require a minimum qualification of graduation.
- ACCA is a 100 years old course whereas CPA was established in 1974 and the professionals who have passed the course has served more than 75000 organizations till date.ACCA vsCPA degrees require a minimum qualification of graduation.
- ACCA is a 100 years old course whereas CPA was established in 1974 and the professionals who have passed the course has served more than 75000 organizations till date.
To know more about the next career options, you may visit our centers for CPA USA, CMA USA, CFA etc in Mumbai, Bangalore, Delhi, gurgaon , Hyderabad or visit www.simandhareducation.com and we are also the Channel partner of AICPA( American institute of Certified public accountant -Largest accounting body in the world)