Which is the best course after B.Com- CPA or ACCA?

Hello Simran, The Most Common Choices: Chartered Accountant (CA) Masters of Commerce (M.Com) Masters of Business Administration (MBA in Finance) on International level Certified Management Accountant (CMA) If you have plans of going global or working in the Top MNCs, going for international certifications is the right choice for you. The CMA is offered by the Institute of Management Accountants (IMA) USA and the content is regularly reviewed by the Institute of Certified Management Accountants (ICMA). To become a CMA, a student is required to clear two examinations. Association of Chartered Certified Accountants (ACCA) ACCA (Association of Chartered Certified Accountants) is the world's leading and fastest-growing international accountancy organization with 162,000 members and 428,000 students in 173 countries. The ACCA qualification helps develop successful careers in the fields of accounting, banking, management and consulting, and is a major advantage in competing for senior roles.

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Hi, CPA is a course, which is relevant only in US. ACCA is based on UK. As per my knowledge, eligibility for CPA is PG. ACCA is a good option after B.Com.

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Hi Simran, For an Indian B.Com graduate both ACCA UK and CPA US are quite ambitious options. Both of them are Public Accounting qualifications of the UK and US respectively. However, as 80% of MNCs and Big firms are nowadays US based (UK economy is downward), I personally will suggest any candidate to chose a US course over a UK one. CPA US makes you eligible to practice in the US, Canada, NZ and many other countries. CPA US is the topmost public accounting course in today's world and gives tremendous job opportunity to an accounting professional.

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Both CPA and ACCA are premier accounting degrees from the USA and UK, respectively. Both are equivalent to the CA qualification in India. The Key difference between CPA and ACCA is the GAAP they specialize in. CPAs are considered experts in USGAAP (used by companies listed on NYSE), while ACCAs work with UK GAAP (used by companies listed on LSE). Both accountants are considered equally well versed with IFRS (widely used in Europe). Another major comparison point is the number of exams, while ACCA has up to 16 subjective style exams, CPA only has 4 objective style exams. ACCA may take multiple years to complete, whereas most people can complete CPA in one year. However, this difference in style of testing doesn't result in a difference in salary. Both accountants get paid comparably and being a CA on top, surely adds value.

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You should pursue ACCA after completing B.Com as you will get exemptions from some exams in ACCA, moreover, you cannot do CPA because it requires 4 years of studies after class 12th and CPA exam centers are not located in India, so prefer doing ACCA as the registration process is simple and you are fully eligible for the same. Thank you.

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