What is the Difference Between ACA and ACCA?

The ACA (Associate Chartered Accountant) and ACCA (Association of Certified Chartered Accountant) are both prestigious qualifications in the field of accounting, offering multiple job opportunities and international recognition. However, there are some key differences between the two:

1. Organizing Body: ACA is conducted by the Institute of Chartered Accountants of England and Wales, while ACCA is conducted by the Association of Chartered Certified Accountants Institute, United Kingdom.
2. Focus: ACA offers in-depth knowledge in financial management, tax compliance, and accounting and reporting, while ACCA helps candidates gain expertise in global accounting, auditing, and taxation, among others.
3. Levels: ACA has three levels, each comprising 15 modules and exams. On the other hand, ACCA has three levels of exams: The Applied Knowledge paper comprises three exams, and the Applied Skills paper has six. There are two Essentials exams and four Options exams.
4. Career Suitability: ACA is more suitable for those interested in business analysis, management accounting, and forensic accounting, while ACCA is more suitable for candidates who want to gain expertise in accounting, management accounting, auditing, and taxation.
5. Completing Both Qualifications: Yes, it is possible to pursue both ACA and ACCA qualifications, as there are several entry points to both courses.

Both ACA and ACCA qualifications are highly valued by employers, and the choice between the two depends on an individual's career goals and interests.

Comparative Table: ACA vs ACCA

Here is a table comparing the key differences between ACA and ACCA:

Both ACA and ACCA are internationally recognized qualifications that provide multiple job opportunities. However, ACA is more suitable for those who want to pursue a career in auditing or financial management, while ACCA offers a broader range of career options in accounting, finance, and business.