ACCA V/S CPA US - Which Course is a Better Career Option?
Is ACCA a better course than CPA US? Can I do ACCA and CPA together? Who earns more ACCA or CPA? There are plenty of questions that come into mind when you think about choosing a course between ACCA and CPA. While Certified Public Accountant (CPA) makes you the Chartered Accountant of the US, the Association of Chartered Certified Accountants (ACCA) course makes you a global Chartered Accountant. This means you can practice Chartered Accountancy in 180 different countries.
What Is ACCA Course?
The Association of Chartered Certified Accountants (ACCA) Institute, formed in 1904 is the global professional accounting body offering the “Chartered Certified Accountant” qualification. ACCA is a fast-growing international accountancy organization with 2,00,000 members and 4,86,000 students in 180 countries.
As a globally recognized education and updated/Industry relevant content, ACCA qualification is a great way to build a career in Accounts and finance. Students can pursue this along with their graduation. Its flexible examination scheme makes this qualification more attractive.
About US CPA:
CPA (Certified Public Accountant) is a globally-recognized public accounting qualification. AICPA (American Institute of CPAs) certifies CPAs to be trusted financial advisors to help businesses, individuals and other organizations to reach their financial goals. Candidates can earn this certification as a part of Career Growth. CPA comprises 4 exam parts which can be cleared by candidates (most of whom are working professionals) within 18 months. The minimum eligibility criteria for CPA exams are university graduation. In India, CPAs have career opportunities with all of the Big 4 and most MNCs.
ACCA V/S CPA
|The Basis of Comparison||ACCA||CPA|
The ACCA course syllabus is divided into 3 levels. Various subjects and topics are covered in-depth and in detail.
The CPA course syllabus is based on four exams or topics.
|Eligibility||10 + 2 Examination with 65% aggregate in Math/Accounts and English and a minimum of 50% in other subjects.||
|Duration||6-24 Months||12-18 Months
||The US CPA Exams can be taken on-demand in the months of January, February, April, May, July, August, October and November.|
|Average Passing Percentage||30%-40%||50%|
|Recognition||The ACCA qualification allows members to work in over 180 countries including Singapore, Canada, UK and UAE.||US CPA is a global qualification and is recognized in countries like USA, India and Canada.|
Which course is better, ACCA or US CPA?
Both the accounting courses Certified Public Accountant (CPA) and Chartered Accountant of the Association of Chartered Certified Accountants (ACCA) are equally important in their own places. While US CPA is a USA-based Couse, ACCA is a UK-based course and will enable you to get better opportunities in that country. So based on your learning, opportunity, growth, work, and living preferences, you should make a choice that suits you the best.
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