As we know, the accounting industry often offers many opportunities to learn through different courses. According to your academic requirement, you can choose the best course. The financial industry is also beneficial to pursue in the present professional world along with accounting. Now you have a question of what to choose after graduation.
Let’s move right into choosing the best among ACCA, CFA, and CPA.
ACCA (Association of Chartered Certified Accountants):
ACCA is one of the growing and leading international accountancy which is used to provide high standards of learning for the employees. It also provides required knowledge and skills in the areas of financial statements, business taxation, business, and management accounting.
CFA (Chartered Financial Analyst):
CFA is a professional credential offered to the finance and investment professionals by CFA institute. It has three different levels and has to clear all within 2.5 years (4 years is the average time).
CPA (Certified Public Accountant):
CPA is considered as one of the highest standard competences in the accounting field across the world. The exam is offered by AICPA, the eligibility of the exam is to have a degree (B.Com) with PG. In some states the criteria may change.
ACCA vs CFA vs CPA:
March, June, September, December
June and December
January - February, March to April, July to August, October to November.
Professional - 5 papers and Fundamental - 9 papers
Management accounting, financial analysis, business analysis, and taxation.
Accounting, auditing, business environment concepts.
Hedge funds, Investment banking, and portfolio management.
B.com or 12th from Commerce.
4 years of work experience or graduation.
Time to complete
Between 6 months to 2 years.
Personal financial planning.
Personal financial planning.
Average Salary in India
Hope you get clarity in choosing your career path among ACCA, CFA, and CPA with the above analysis. Still, you have any queries; please feel free to comment in the section below. Happy Learning!
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