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):
The full form of CPA is Certified Public Accountant CPA is considered as one of the highest standard competencies in the accounting field across the world. The exam is offered by AICPA, the eligibility for the exam is to have a degree (B.Com) with PG. In some states, the criteria may change.
ACCA vs CFA vs CPA:
ACCA | CFA | CPA | |
Offered by | ACCA | CFA Institute | AICPA |
Exam months | March, June, September, December | June and December | January - February, March to April, July to August, October to November. |
Exam Papers | Professional - 5 papers and Fundamental - 9 papers | Three levels. | Four levels. |
Focuses on | Management accounting, financial analysis, business analysis, and taxation. | Accounting, auditing, business environment concepts. | Hedge funds, Investment banking, and portfolio management. |
Eligibility | B.com or 12th from Commerce. | 4 years of work experience or graduation. | Post graduation. |
Course fee | Approximately $1800 | $2500 | $3500 |
Time to complete | Between 6 months to 2 years. | 2.5 years. | 1.5 years. |
Careers | Business valuation, Financial forensics, IT consulting, Personal financial planning. | Research Analyst, PortfolioManager, Financial Advisor, Chief Executive. | Business valuation, Financial forensics, IT consulting, Personal financial planning. |
Average Salary in India | Rs. 8,25,000 | Rs. 6,20,000 | Rs. 8,24,000 |
Conclusion:
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!
Simandhar Education:
Simandhar is the official partner of Becker and AICPA - Largest Training provider for US CPA Course, US CMA , IFRS , CIA, Data Analytics and EA courses in India with offices in Bangalore, Hyderabad, Delhi, Ahmedabad, Gurgaon, Kerala, Cochin (Kochi), Trivandrum, Kottayam, Kozhikode, Malappuram, Chennai, and Mumbai.
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CPA exam now in India and Simandhar Education will help you to achieve it.
Thanks for this comparison. Now, it's easy for us to choose the better one.
Insightful comparison. thanks for sharing
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