Are you a student looking for job opportunities abroad in the field of accountancy? Then you can shine with an ACCA qualification from India. ACCA or Association of Chartered Certified Accountants exam is a highly reputed exam in India.
With growing awareness about ACCA exams in India, students are opting for it increasingly. It is an essential qualification for students who are willing to work abroad in countries like the UK, Australia, Dubai, Singapore, etc.
There are more than 180000 members and 490000 students from over 170 countries under ACCA.
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Which Companies Hire ACCA In India?
If you are ACCA qualified, the Big 4 companies have their doors open to you- EY, Deloitte, PwC, and KPMG. Many MNCs like Pepsico, Embassy Group, Tata Grant Thronton who recruit ACCA professionals in India. Companies like HSBC, Accenture, Shalimar Paints, etc. hunt for accountants with ACCA course certification.
What Is the Pay scale For ACCA In India?
The MNCs are increasing in number all over India. The demand for ACCA professionals is demanding an increased influx of ACCA certified professionals into these companies.
India is opening itself to a considerable number of global markets for ACCA professionals. Several MNCs and International companies are today looking at India for financial experts with ACCA certification.
The pay scale of an ACCA professional is considered equivalent to the salary of a Chartered Accountant Professional in India. The average income of an ACCA professional is INR 8 lac per annum. One can earn as much as 15 lac p.a. and more, depending on their practice.
How To Navigate Your Career With ACCA In India?
Being an equivalent degree to CA in India, CA qualification is required to work in Indian firms. You will need a CA qualification to start a business or become a partner in a CA firm.
CA courseware teaches you about the Indian economy, laws, taxes, policies, etc. However, to go abroad for work, there is a requirement for accountancy professionals to have ACCA certification.
The scope of ACCA exists worldwide, yet, you need to be a CA to pursue auditing in India as the signing authority demands CA qualification in India.
There are no restrictions in filing an income tax return in India with ACCA certification. In the end, globalization is moving the world to a new era where ACCA professionals will be at the same level.
Which Countries Have Signing Authority for ACCA Professionally
An ACCA has a signing authority in most countries other than India, which includes UK, Canada, EU, Australia, and many more. An ACCA professional can practice in countries where there are no restrictions for them to work.
ACCA professionals get recognition in countries like Canada, Singapore, the UK, Japan, Dubai, Australia, Malaysia, Germany, New Zealand, European Union, Ireland, Switzerland, South Africa, etc.
The ACCA global body is a growing community with innumerable opportunities for professional accountants. Become a part of this body to become an approved employer worldwide.
List of Countries Where ACCA is Recognized
Here is the complete list of major countries and regions that officially recognize ACCA qualifications at various levels:
1. United Kingdom As the origin country of ACCA, it goes without saying that the ACCA qualification is fully recognized for all roles throughout the United Kingdom, including England, Scotland, Wales, and Northern Ireland.
2. European Union ACCA holds supervisory status with multiple EU institutions, with ACCA qualifications recognized for accountancy roles at all levels across the EU, including countries like Germany, France, Spain, Italy, Poland, and more.
3. United States & Canada Both the United States and Canada fully recognize ACCA for roles in accountancy, auditing, taxation, business advisory services and more at all levels of experience.
4. India With over 192,000 students and 28,000 members, India has the largest ACCA presence of any single country worldwide. ACCA qualifications enjoy nationwide recognition in both the private and public sectors.
5. Australia & New Zealand: ACCA is one of the recognized accountancy bodies covered under the Washington Accord in both Australia and New Zealand, with no restrictions on areas of practice.
6. Singapore & Malaysia ACCA qualifications are fully recognized for all areas of accounting practice in Singapore and Malaysia under the Mutual Recognition Agreement.
7. Hong Kong & China ACCA is recognized and held in high regard throughout Hong Kong and China for professional accounting roles at all levels.
8. UAE & GCC Countries The UAE has over 4,000 ACCA members, with ACCA accepted for accounting practice across the UAE as well as other Gulf Cooperation Council nations like Saudi Arabia, Kuwait, Qatar, Bahrain, and Oman.
9. South Africa ACCA is recognized as one of the leading global accountancy bodies in South Africa with no limitations on areas of practice.
Additional Countries Where ACCA is Accepted While not an exhaustive list, here are some other major countries and regions that recognize and accept ACCA qualifications:
- Pakistan
- Bangladesh
- Sri Lanka
- Nigeria
- Ghana
- Kenya
- Mauritius
- Zimbabwe
- Russia
- Turkey
- Caribbean nations
- Central American nations
- South American nations
Essentially, ACCA holds true to its positioning as the global body for professional accountants. Its qualifications are recognized for employment across the world’s major economies and financial centers, with only a few exceptions.
Global Recognition of the ACCA Designation Holding the prestigious ACCA credential signifies meeting rigorous education, experience and ethical requirements in line with the highest global standards. Some key factors that enable ACCA’s worldwide recognition include:
- Globally Consistent Standards: ACCA syllabuses, examinations, experience requirements and codes of ethics are uniform across all countries to ensure consistency.
- Quality Control: Robust quality assurance and monitoring processes continuously review ACCA’s brand standing and recognition across the globe.
- Legislation & Trade Agreements: ACCA works closely with governments and regulators worldwide to ensure its qualifications are incorporated into national legislation and free trade agreements.
- Member Network: With reputed, active members working in over 180 countries, ACCA commands respect across the globe through its extensive professional network.
By choosing to earn the ACCA qualification, you invest in a credential that enables worldwide career mobility and recognition as a leading accountancy professional. Whether you aim to work in acca accepted countries like the US, the UK, India, Australia, or anywhere else, the ACCA remains a passport to professional success across borders.
FAQs Related To ACCA Recognised Countries
In which countries is the ACCA qualification recognized?
ACCA qualifications are recognized in over 180 countries worldwide, including the UK, EU, US, Canada, India, Australia, New Zealand, Singapore, Malaysia, Hong Kong, UAE, South Africa and many more.
Is there a list of countries where ACCA is accepted?
Yes, the blog post provides a comprehensive list of major countries across regions like Europe, North America, Asia, Middle East and Africa where ACCA qualifications are officially accepted.
Does having ACCA allow me to work as an accountant internationally?
Yes, one of the key benefits of ACCA is that it is a globally recognized qualification that allows you to pursue accountancy roles in many countries around the world.
Are there any limitations on where I can use my ACCA qualification?
ACCA is recognized for accounting practice at all levels across major economies. However, some countries may have specific extra requirements, so it’s best to check the details for each location.
How can I find out if ACCA is recognized in a specific country?
You can refer to the list in the blog post which covers recognition details for major economies. For other locations, it’s recommended to check ACCA’s website or contact their offices directly.
Is ACCA recognized in the United States?
Yes, ACCA qualifications are fully recognized for accountancy roles at all levels throughout the United States.
Is ACCA valid in Canada?
Yes, Canada officially recognizes ACCA for accounting practice across the country with no restrictions.
Can I work as an accountant in the UK with an ACCA qualification?
Yes, as the origin country of ACCA, the UK fully recognizes ACCA qualifications for all accounting roles nationwide.
Is ACCA accepted in Australia?
Yes, ACCA is one of the recognized accountancy bodies covered under the Washington Accord in Australia with no limitations.
What about New Zealand? Is ACCA recognized there?
Yes, similar to Australia, ACCA qualifications are officially recognized in New Zealand for accounting practice at all levels.
Is ACCA valid in any European countries?
Yes, ACCA holds supervisory status with EU institutions and its qualifications are recognized across all European Union member states.
Are there any ACCA-recognized countries in Asia?
Yes, major Asian countries like India, Singapore, Malaysia, Hong Kong and China officially recognize ACCA qualifications.
Can I use my ACCA qualification in the Middle East?
Yes, ACCA is widely accepted across the Middle East, including the UAE, Saudi Arabia and other GCC nations.
Does ACCA hold any recognition in African countries?
Yes, ACCA qualifications are recognized as valid in major African economies like South Africa, Nigeria, Kenya and others.
How about South America? Is ACCA recognized there?
While not exhaustively covered, the blog post notes that ACCA is also accepted across many South American and Central American nations.
What are the benefits of having an ACCA qualification in a recognized country?
It allows you to pursue accounting roles at all levels, enables global mobility, and signifies meeting rigorous international standards.
Are there any countries where ACCA is not recognized?
The ACCA is recognized worldwide, however some countries may have specific extra membership or practice requirements to consider.
What if I want to work in a country that doesn’t recognize ACCA?
For any specific cases where recognition is unclear, it’s best to directly check the latest details regarding that country’s requirements with ACCA.
Does having ACCA membership affect recognition in different countries?
No, ACCA exams, experience requirements and membership criteria are uniformly applied globally for consistency.
Where can I find more information about ACCA global recognition?
You can visit ACCA’s website at accaglobal.com or contact their offices worldwide for the latest updated details on recognition.