ACCA COURSE AND OPPORTUNITIES

Introduction to ACCA

If you are looking for a professional career with national significance and international opportunities, then The Association of Chartered Certified Accountants (ACCA) is one such certification for you. It offers a qualification that equips individuals with comprehensive knowledge and skills in accounting, finance, and business management. With its global reach and prestigious standing, ACCA is a sought-after qualification for finance and accounting professionals worldwide. Further we will explore the amazing ACCA course details and opportunities associated with it.

ACCA Course Details

The ACCA qualification is structured into three main levels: Applied Knowledge, Applied Skills, and Strategic Professional, culminating in a Strategic Business Leadership module and an Ethics and Professional Skills module. Here’s a brief overview of each level:

1. Applied Knowledge: This level covers the fundamental concepts of financial and management accounting. It includes three papers:
   1. Business Technology and Economics (BT)
   1. Management Accounting (MA)
   1. Financial Accounting (FA)
2. Applied Skills: This level dives deeper into financial and management topics, comprising six papers:
   1. Corporate and Business Law (LW)
   1. Performance Management (PM)
   1. Financial Management (FM)
   1. Financial Reporting (FR)
   1. Audit and Assurance (AA)
   1. Financial Management (FM)
3. Strategic Professional: At this advanced level, students choose from various optional papers and complete the Strategic Business Leadership (SBL) module. This level includes:
   1. Strategic Business Leadership (SBL)
   1. Strategic Business Reporting (SBR)
   1. Two optional papers from a choice of four: Advanced Management Audit (AAA), Advanced Financial Management (AFM), Advanced Management (AM), and Advanced Audit (AA).

Additional Requirements for Being an ACCA Qualified

• Ethics and Professional Skills Module: This module is integrated into the ACCA program to ensure that students not only understand the technical aspects but also exhibit high ethical standards in their professional conduct.
• Practical Experience Requirement (PER): To complete the ACCA qualification, candidates must also fulfill a Practical Experience Requirement, which involves gaining relevant work experience in accounting and finance roles.

ACCA Exemptions

ACCA offers exemptions for students who have relevant qualifications or professional experience. ACCA Exemptions are based on the previous academic achievements and can significantly shorten the duration of the ACCA course. Common exemptions include:

1. From the Applied Knowledge and Applied Skills Levels: Candidates with relevant degrees, such as a BCom, MCom, or equivalent, may be eligible for exemptions from some of the foundational papers.
2. From Specific Papers: If a candidate has completed other professional qualifications like CA, CPA, or CMA, they might qualify for exemptions in 4 papers within the ACCA syllabus.

For accurate and personalized information on exemptions, candidates should consult the ACCA’s official website or contact their local ACCA office.

ACCA Classes in Mumbai

Mumbai, as a major financial hub, offers a wide range of ACCA preparatory classes and institutions. Some prominent ACCA training providers in Mumbai and Zell Education being amongst the most economical institute that offers ACCA Course. Zell was first established in Mumbai and now it has branches all over India with highly trained faculty and 100% placement opportunities. They stick to their students from start till end. By getting them registered in ACCA and providing full support during their course duration. Let’s delve into the various ACCA classes and fees details in Mumbai.

ACCA Fees in Mumbai

The cost of pursuing ACCA in Mumbai can vary based on several factors, including the choice of institution, course duration, and additional services. Here’s a breakdown of the typical fees associated with the ACCA qualification:

Registration and Membership Fees:

• Initial Registration Fee: Approximately INR 8,000 to INR 10,000.
  • Annual Subscription Fee: Around INR 10,000 to INR 12,000.

Exam Fees:

• Applied Knowledge Papers: Each paper costs around INR 8,000 to INR 10,000.
  • Applied Skills Papers: Approximately INR 10,000 to INR 12,000 per paper.
  • Strategic Professional Papers: Each paper costs around INR 12,000 to INR 15,000.
  • Additional Charges: There might be extra charges for rescheduling exams or re-sits.

Classroom Courses & Online Course: Classroom courses typically range from INR 1,00,000 per level, depending on the provider. Generally, Online courses are more affordable, ranging from 30,000 per level. Costs for study materials and resources can be additional depending on whether students purchase books, online resources, or a combination of both, this means you might get a cost of around INR 5,00,000 to INR 8,00,000. But The Zell Education’s ACCA course subsumes all the costs and provides a full package for all 3 levels that ranges only between INR 1,00,000 to INR 3,00,000. Plus, this covers your ACCA registration fees.

Conclusion

The ACCA qualification is a significant investment in your professional development and career advancement. Mumbai offers a variety of options for classes and support to help you navigate the ACCA journey effectively. With its flexible study options, exemption opportunities, and multiple providers offering tailored support, aspiring ACCA professionals in Mumbai can find the resources and guidance needed to achieve their career goals in accounting and finance. ACCA qualified professionals are in demand among most MNCs and Big 4 firms due to their diverse skill-set and ability to deal with the complexities of the business environment.