Why is ACCA accepted more globally as compared to in India?

ACCA is recognised globally in over 100 countries. It gives quite a good exposure of IFRS and US GAAP hence becomes important in today’s India as well. Though, the scope of ACCA in India is still limited to metro cities, it is slowly and gradually catching up to become a popular course in the commerce field. There are good opportunities for ACCA in Big Fours and large multinationals but, I am afraid to say that most of the other organisations struggle to acknowledge ACCA (mainly due to lack of awareness). With the adoption of IFRS in recent past, the scope of ACCA has increased, yet limited to above mentioned organisations in India. On the other hand, one can also apply outside India wherever ACCA is a valid qualification (Europe being one) and get to have a foreign exposure.

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These are some of the common reasons that ACCA is much more accepted globally as compared to CA: -ACCA UK is an international organisation of professional accountants and is recognised as the world's largest accountants association. -The recognition is there in more than 170 countries. -Unlike CA or other accounting courses, ACCA qualification is in line with the current demands of employers all over the world. -Although ACCA is considered similar to CA qualification in India, ACCA provides additional knowledge of UK GAAP, Laws & IFRS, which directly puts you an advantage if you work for an MNC or firms that work for clients abroad. -One more thing that sets ACCA qualification apart from CA is that you can acquire a degree at the same time as studying towards achieving the qualification.

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