CA vs ACCA | CA and ACCA | Is CA better or ACCA | Difference between CA and ACCA

CA ( Chartered Accountancy) is a valuable career and has good prospectus for audit firm's employment, as well as local business, multinational companies as ell as local and foreign banks including state banks of countries. Where as the ACCA is qualified and advanced as well as knowledge, professional level of accounting skills. ACCA's can build with the help of a success career that can be opened as a professional engaged in any industry financing or after you successfully qualify the ACCA.

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Exams of CA and ACCA:

CA exams are held twice a year in different attempts ( September and March). Whereas, ACCA exams also held twice in a year but in the month of June and December. ACCA exams are not held in one or two countries, These are conducted all around the world at global level.

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ACCA Exams:

ACCA exams is divided into two levels: Professional and basic knowledge.

The fundamentals arae divided into two modules of knowledge and skills.

Fundamentals include 9 papers on the basis of knowledge and skills:

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Knowledge Base:

F1 Accountant business

F2 Management Accounting

F3 Financial Accounting

Skills Base:

F4 Company Law and Commercial Law

F5 Performance Management

F6 Tax

F7 Financial Report

F8 Audit and Certification

F9 Financial Management

Professional level is divided into 2 modules: Point and Options. In professional total number of papers are 5.

Point:

P1 Corporate Governance, Risk, and Ethics

P2 company report

P3 Business Analysis

Option (two finished)

P4 Advanced Financial Management

P5 Advanced Performance Management

P6 senior tax

Advanced Auditing and Authentication

CA EXAM:

CA exams are held 2 times in a year march and september. It varies level of CA to other levels of CA.

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To Become a Qualified Chartered Accountant, Students have to pass the folloing papers:

AFC(Assessment of Fundamental Competencies)

AFC-01 Functional English
AFC-02 Business Communication
AFC-03 Introduction to Information Technology
AFC-04 Quantitative Methods Techniques

CAF(Cerified in Accounting and Finance)

CAF-01 Introduction to Accounting and Finance
CAF-02 Introduction to Economics and Finance
CAF-03 Business Law
CAF-04 BM&BS
CAF-05 Financial Accounting and Reporting I
CAF-06Principles of Taxation
CAF-07 Financial Accounting and Reporting II
CAF-08 Cost and Management Accounting
CAF-09 Audit & Assurance

CFAP(Certified Finance and Accounting Professional)

CFAP-01 Advanced Accounting and Financial Reporting
CFAP-02 Corporate Laws
CFAP-03 Business Management and Strategy
CFAP-04 Business Finance Decisions
CFAP-05 Advanced Taxation
CFAP-06 Audit, Assurance and Related Services

MSA(Multi Subject Assessment)

MSA-1 Financial Reporting and Assurance Professional Competence

MSA-2 Management Professional Competence

What is the difference between CA and ACCA in reference to laws in Pakistan?

There are many similarities between the curriculums of CA and ACCA. The single most important difference between them is that CA is a local qualification, granted in Pakistan by ICAP, a professional body of Chartered Accountants, whereas ACCA is an international qualification or a global professional degree.

ICAP-CA qualifiers have more growth opportunities in Pakistan, because of ICAP's dominant position as an accountancy regulatory body there and the large influx of ACCAs in Pakistan's job market.

On the other hand, in countries that do not have any localized Accountancy qualification, CA is generally considered superior to ACCA, for example in Middle East countries, but in Western countries, CA is inferior to ACCA.

Could be easier for us if we have only one qualification and one accounting body in the whole world. But it is impossible to restructure or monopolize it now; everybody wants to be the one.

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ACCA is Easier Because of the following Reasons:

No assembly system in ACCA makes your life easier, you can choose 1 to 4 (maximum 4) number of sheets per session and need to get 50 marks in each sheet.
From F1 to F9 50-60% of the exam you have multiple choice questions. Some people find it easier.
You will get your results within 35 days. From F1 to F4 you can choose exams on your computer so you can get immediate results. It will help you plan better and avoid any time being wasted. This is not the case with Pakistan since you have to wait 2-3 months for your results.
You will find more theoretical questions than solving the problem at level P. Some people find it easy.
ACCA is more about the practical application of your knowledge of learning by heart. For example, in Corporate Reports (P2), you need to clarify whether the assumption and judgment used by the administration in the allowance account are correct or not instead of the final allocation number account.