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If you are a B.Com graduate and you want to become a high-paid professional in the field of finance and accountancy, enrolling in the ACCA (Association of Chartered Certified Accountants) is an intelligent choice. ACCA is a global certification that ensures you get a job in multinational organizations, financial institutions, and Big Four accounting firms. One of the greatest benefits of pursuing ACCA after B.Com is that you become eligible to claim exemptions for a maximum number of five papers, thus your study period becomes shorter. Its flexible framework and global acceptance, ACCA is the most preferable option for anyone who wants to progress in fields like accounting, auditing, taxation, and financial management. In this blogpost, we will cover everything you need to know about how to start ACCA after B.Com.
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Why Choose ACCA After B.Com?
Most of the B.Com graduates opt for ACCA because it offers worldwide career opportunities, a versatile study structure, and exemptions for a few exams. Following are the reasons why ACCA is a great choice after B.Com:
- Global Acceptance: ACCA is accepted in over 180 nations, making it ideal for those planning to work anywhere in the world.
- Exemptions for B.Com Graduates: You will be given exemptions for a maximum of 5 exams based on your B.Com degree, cutting study time.
- Demand Globally for ACCA Professionals: Employers in the world appoint ACCA-approved professionals for positions in finance, auditing, and taxation.
- Flexible Exam Schedule: You are allowed to take exams at your own convenience, which helps in balancing work and studies.
- Diverse Career Paths: ACCA provides access to career paths such as Financial Analyst, Auditor, Tax Consultant, and CFO.
Eligibility Criteria For ACCA After B.Com
To apply for ACCA after B.Com, you should fulfill the following requirements:
- A B.Com degree from a recognized university.
- If you do not qualify for direct admission into ACCA, you might need to undertake Foundation in Accountancy (FIA) first.
- Good business, accounting, and finance skills (which you would already have acquired from your B.Com program).
How to Register for ACCA After B.Com?
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Step 1: Verify Your Exemptions
B.Com graduates are exempted from a maximum of 5 exams at the Applied Knowledge and Applied Skills levels of ACCA. You can verify your exemptions via the ACCA Exemptions Calculator on the official ACCA website.
Step 2: Register Online
Go to the ACCA official website (www.accaglobal.com) and register for an account. Complete the application form, upload documents as necessary (educational certificates, ID proof), and make the registration payment.
Step 3: Plan Your Studies
Choose private study or an institute of coaches. You can opt for ACCA-approved courses provided by learning partners such as Kaplan or BPP.
Step 4: Start Preparation and Set Exam Dates
Computer-based ACCA exams are held four times a year i.e., in March, June, September, and December. Plan your studies and set dates for exams.
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Join Now!ACCA Exemptions for B.Com Graduates
One of the greatest benefits of pursuing ACCA after B.Com is that you can exempt a few exam papers on the basis of your existing knowledge. AACA exemptions for B.com graduates are provided below.
ACCA LEVEL | Exam Paper | Exemptions For B.com |
Applied Knowledge | Business And Technology | Exempted |
Management Accounting(MA) | Exempted | |
Financial Accounting(FA) | Exempted | |
Applied Skills | Corporate & Business Law(LA) | No Exemption |
Performance Management | No Exemption | |
Taxation | No Exemption | |
Financial Reporting | Exempted (for some universities) | |
Audit & Assurance | No Exemption | |
Financial Management(FM) | No Exemption | |
Strategic Professional | All Papers | No Exemption |
You may study ACCA by choosing study options as follows:
1. Self-Study
If you opt for self-study, then you may purchase study materials of ACCA-approved publishers like Kaplan or BPP.
ACCA official website also offers free study materials, past papers, and exam guide.
2. Coaching Institutes
Students also prefer coaching institutes so that they can take formal instructions and faculty guidance from experts.
Choose ACCA-approved learning partners to maximize output.
3. Online Courses
Online courses like Udemy, Coursera, and ACCA Global Learning Providers offer ACCA online courses.
Suitable for students who need flexibility and can effortlessly learn through online study materials.
Career Opportunities After ACCA
Upon completing ACCA, you can look for accounting, auditing, taxation, financial management, and consulting career fields. Some of the top job positions are:
- Financial Accountant
- Auditor
- Tax Consultant
- Investment Banker
- Risk Manager
- Chief Financial Officer (CFO) – Long-term aspiration
Top Recruiters for ACCA Professionals:
- Big Four Accounting Firms – PwC, Deloitte, EY, KPMG
- Multinational Corporations (MNCs) – Unilever, Nestlé, Amazon
- Banks and Financial Institutions – HSBC, JPMorgan, Citibank
- Government and Public Sector Organizations
How Long Is ACCA After B.Com?
The duration to pass ACCA will vary with the number of exemptions and the number of exams per sitting.
- You will have 8 exams to pass if you are granted 5 exemptions.
- Average time will be 1.5 to 2.5 years to finish ACCA after B.Com.
- If one is studying part-time and working, then it will take 3+ years.
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Join Now!CONCLUSION
Entering ACCA after B.Com is an excellent choice for those who want to continue their professional life as an accountant and finance professional. With exemptions on a number of exams, worldwide recognition, and convenient study schedules, ACCA offers a speedy path to become a qualified finance professional. ACCA prepares you for a job with multinational companies, Big Four audit firms, banks, and financial institutions, if you desire. By structuring your studies, exempting modules and acquiring practical experience, you can achieve this highly sought-after qualification and create stimulating career prospects worldwide.
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Join Now!Frequently Asked Questions
Can I self-study for ACCA, or do I need coaching?
You can choose to self-study using ACCA-approved materials (Kaplan, BPP) or join coaching classes from an ACCA-approved learning provider. Online courses are also available for flexible learning.
What is the best study material for ACCA?
The best ACCA study materials are from Kaplan, BPP, and ACCA-approved content providers. You can also use ACCA’s free online resources, mock tests, and past papers.
What is the pass rate for ACCA exams?
The ACCA pass rates vary by exam, but generally, it ranges between 40-50% per paper. With proper preparation, clearing ACCA is achievable.
Can I switch to ACCA if I have already started CA?
Yes, many CA students switch to ACCA, especially if they want global career opportunities. You may also get exemptions for certain papers based on your CA progress.
Can I take ACCA exams online?
Yes, ACCA offers computer-based exams (CBE) for most papers. Some exams are available on-demand, while others are held in March, June, September, and December.
Can I pursue ACCA along with an MBA or another degree?
Yes, many students pursue ACCA alongside an MBA, M.Com, or other finance-related degrees to enhance their career prospects.