Chartered Accountancy (CA) is one of the most prestigious and toughest professional qualifications in India. However, in today’s globalized economy, finance professionals are looking at expanding skillsets. This makes obtaining globally-recognized certifications like ACCA (Association of Chartered Certified Accountants) membership logical next steps after becoming a CA.
ACCA opens doors to abundant global career opportunities across top corporations based on one’s competencies rather than university reputations or work experience alone. No wonder ambitious Indian CAs aim to acquire ACCA membership to amplify career scopes beyond national borders. Here are the key reasons for doing ACCA after clearing Indian CA exams:
Top Reasons Why Do ACCA after CA
1. Wider Global Acceptance
CA undoubtedly enjoys immense brand value within India but ACCA membership offers far wider acceptance internationally. Qualifying one of the toughest global accountancy programs makes you a competent finance professional anywhere across 180+ countries. This geographic flexibility and borderless career scope fuels higher aspirations.
2. Higher Pay Packages
Following ACCA after India CA allows commanding higher salary packages in line with international finance talent. ACCAs are paid almost 30-40% higher than local CAs in Gulf regions like UAE, Qatar etc which are prime employment destinations for Indians. Even Fortune 500 companies in India prefer ACCA or equivalent degree holders for senior leadership roles backing them with attractive remuneration.
3. Value Addition to Profile
Becoming an ACCA demonstrates your determination to achieve more even after earning the prestigious Indian CA title through immense hard work. It sets you apart from the crowd by adding global credentials to your portfolio. Recruiters perceive critical evaluation skills, professional ethics and appetite for continual improvement very positively.
4. Sharper Technical Abilities
While Indian CA covers hardcore accountancy, taxation and audit topics deeply, ACCA expands technical dexterity further across niche domains. Expertise in global taxation laws, forensic auditing, corporate regulations, financial derivatives, investment appraisals and ESG aspects makes you ‘full-stack’. Such comprehensive understanding of inter-connected finance sub-sectors is a huge value addition making you an asset for any ambitious organization.
5. Global Best Practices Knowledge
Preparing for ACCA exposes you to case studies of leading corporations around the world, their success stories as well as failures. You gain sharper insight into global best practices across accountancy, finance, governance and compliance matters. This worldview helps drive organizational excellence and balanced risk-taking in leadership roles.
6. Enhanced Employability
Becoming ACCA qualified after CA makes you an attractive hire across Big 4 consulting majors like EY, PwC, KPMG and Deloitte along with boutique finance firms. They frequently hire ACCA affiliates to service global clients given the trust in universal competencies certified by ACCA membership. Work experience with such prestigious firms also augments career growth subsequently.
7. Higher Entrepreneurship Scope
Dual qualifications equip ambitious CAs to provide financial, taxation and audit consulting services to multinational corporations planning India foray. You can set up independent advisory services or boutique firms supporting global expansion needs of enterprises. Such international exposure also helps in networking with funding channels and forging global partnerships.
8. Immigration Opportunities
Professionals with Indian CA and ACCA certifications are highly valued abroad for their world-class competencies and work ethics. Hence gaining permanent residency or citizenship in developed nations like UK, Canada, Australia and New Zealand becomes easier for them relative to mono-qualified candidates. The wider acceptability facilitates relocation prospects too.
9. Prestigious FCCA Designation
Pursuing ACCA after becoming an Indian Chartered Accountant and gaining relevant work experience makes you eligible for the prestigious FCCA designation awarded in UK. Fellow Chartered Certified Accountant status is the highest recognition for finance professionals globally. This also opens faculty/trainer roles with ACCA examining body.
Conclusion
Earning ACCA membership after Indian CA makes you a member of two most reputed global accountancy bodies. It reflects sheer hard work, perseverance and consistency in delivering excellence – qualities that define high-achieving leaders pursued by top corporations! That is why more experienced CAs are now choosing ACCA as their next milestone for success beyond borders.