The Association of Chartered Certified Accountants (ACCA) is a globally recognized accounting body. It offers a comprehensive professional qualification, which is highly respected in the accounting industry. Many accounting professionals aspire to become a chartered certified accountant because it is a highly sought-after qualification that can open up numerous career opportunities.
If you are considering pursuing ACCA in India, you may be wondering about the earning potential of this qualification. In this article, we will explore the salary prospects of ACCA professionals in India and provide you with a comprehensive guide on how to become an ACCA qualified accountant in India.
How to Become an ACCA Qualified Accountant in India
To become a qualified ACCA accountant in India, you need to follow these steps:
Step 1: Register with ACCA
The first step is to register with ACCA. You can do this by visiting their website and creating an account. Once you have created an account, you will be able to enroll for the ACCA program.
Step 2: Complete the ACCA Program
The ACCA program consists of 13 papers divided into four levels. You can take the exams either online or at an accredited exam center. You need to pass all 13 papers to become a qualified ACCA accountant.
Step 3: Gain Practical Experience
To become an ACCA member, you also need to have practical experience in the accounting industry. You can gain this experience either by working for an employer or by setting up your own practice. You need to complete three years of relevant practical experience to become an ACCA member.
Step 4: Apply for ACCA Membership
Once you have completed the ACCA program and gained the required practical experience, you can apply for ACCA membership. You will need to provide evidence of your qualifications and practical experience to become a member.
Salary Prospects of ACCA Professionals in India
ACCA is a highly respected qualification that can open up numerous career opportunities. ACCA professionals are in high demand in India and can command a high salary. The salary prospects of ACCA professionals in India depend on various factors, such as their level of experience, industry, and location.
According to a survey conducted by ACCA, the average salary of ACCA professionals in India is around INR 8.8 lakhs per annum. However, this is just an average, and the actual salary can vary depending on various factors.
For example, ACCA professionals working in the banking and financial services industry can command a higher salary than those working in other industries. Similarly, ACCA professionals with several years of experience can command a higher salary than those who are just starting out.