October 5, 2022

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Srajan International School of Finance

5 min read
sarjanschool

An idea that redecorates students with not only high end professional accounting & finance qualification, but also with a set of dignified attributes that will help them rise in this competitive epidemic.

All about ACCA in INDIA?

(what,eligibility, syllabus and scope, institute)

Scope of ACCA IN INDIA.

The scope of ACCA in India is wide, many institutes of India providing ACCA classes both online and offline. One of them is SRAJAN INTERNATIONAL SCHOOL OF FINANCE that provide best ACCA and CMA courses in indore and udaipur along with the graduation degree B.SC, B.Com, BBA.

Address : 43-44, I Block, Sector 14, Hiran Magri, Uda

Mail ; [email protected]                                 mob;+91-7567247499

Student faculty ratio:-15:1                                       student support:-24/7

Full time faculty ratio:-8                                          female to male ratio:-55:45

What is ACCA?

– Association of Chartered Certified Accountants) is a global professional chartered accountant body that offers chartered certified accountant professional qualification for students then students will qualify the same as CA .

– ACCA has more than 500000 members and more students from over 180+countries.

– it was established in 1904 with headquarters in London and principal administrative office at Glasgow(u.k).

-there are presence in most countries including india and became a most reputed qualification after ca in india and primary qualification in world.

– The term chartered certified accountant will be used by only students who pass their examination that is Only qualified professionals will use the term legally.

-if they carry out public practice engagements, must comply with additional regulations such as holding a practicing certificate, carrying liability insurance and submitting to inspections.

eligibility for ACCA

-generally 10+2 passed students with(65% marks each in mathematics/accounting and english and minimum 50% mark in

Other subjects) are eligible for ACCA.

-but, students in other streams (math,biology,arts etc.)can also apply for ACCA with special foundational courses and 10 pass out students  can also apply forACCA with a special course in foundation in accountancy.

-students who pursue graduation (in BBA,BCOM,BSC etc) and post graduation (M.COM) can also apply for ACCA.

-Students preparing for CA can also apply for ACCA.

-ACCA also providing relaxation for different qualification student graduates that is –

Streams                           papers                       exemption

12 pass out                        13 papers                   nil

Commerce Graduate                9 papers                   BT, MA, FA, LW

MCom Post Graduate              9 papers                   BT, MA, FA, LW

CA IPCC (Both Groups)          8 papers**                BT, MA, FA, TX, AA

CA                                       4 papers***               BT-FM (9 subjects)

Graduation                           courses year                       

-12th graduate                       3 years

-acommerce graduate studies  2 to 2.5 years

-IPCC (both groups)                  2 years

-IPCC and CA graduate            1 year

Exam syllabus:-

-ACCA as a course covers aspects of Chartered Accountancy such as Accounting, Financial Reporting, Auditing, Taxation, Business Finance and Financial Management.

-ACCA Syllabus contains a total13 examinations that a candidate must appear for. The 13 exams are split into 3 levels – Knowledge, Skill and Professional.

-The Knowledge Level exams are on-demand exams which will be appeared at any time within three hundred and sixty-five days (365 days) of the year. The Skill and Professional Level exams are conducted every March, June, September and December.

-While before 2021, the Professional level exams were paper-based, all 3 levels of the ACCA syllabus  are now computer-based.

 Exam structure:-

Knowledge level

Paper F1 – Accountant in Business

  • -Business organization structure, governance, and management.
  • -important environmental influences and constraints on business and accounting.
  • -origin and role of accounting in business.
  • -Specific  accounting and internal financial control procedures.
  • -directing and supervising people and teams..
  • –Selecting and training capable staff.

Paper F2 – Management Accounting

  • -Cost and management accounting’s nature and function.
  • -Cost classification, conduct, and goal.
  • –Computer spreadsheets and business mathematics
  • – Cost accounting strategies
  • -Budgeting and normal costs
  • -Aptitudes for making snap decisions

Paper F3 – Financial Accounting

  • -Financial reporting context and goal
  • -Qualitative features of financial data -and basic principles of accounting
  • -Application of double-entry accounting
  • -Noting occurrences and transactions
  • -the creation of a trial balance
  • -Basic financial statement preparation
  • Skill level

Paper F4 – Corporate and Business Law

  • -the fundamental components of the legal system
  •  -the obligation law
  • -the employment law
  • -The creation and structure of commercial organisations.
  • -Investment and funding of businesses
  • -Company management, administration, and regulation
  • -Legal ramifications for struggling or in crisis enterprises
  • -Governance and business-related ethical issues

Paper F5 – Performance Management

  • -Cost accounting strategies.
  • -Decision-making.
  • -Forecasting and budgeting.
  • -Analysis of variance and standard costing.
  • – Performance evaluation.

Paper F6 – Taxation

  • -Trading gains – Allowances for capital.
  • -Income from employment, profits from real estate businesses. -income from investments, and personal tax calculations.
  • -The national insurance.
  • -Capital gains tax, value-added tax, and corporation tax.
  • – Self evaluation.                                                                        

Paper F7 – Financial Reporting

  • -Conceptual and regulatory framework.                             
  • -principle of financial statements                                              
  • -Business merger                                                                      
  • -Analyzing and interpreting.

Paper F8 – Audit and Assurance

  • -Financial of management function
  • -environment of Financial management
  • – the Working capital management
  • -Investment evaluation and business financing
  • -Capital costs -Business valuation -Risk control
  • Essentials Level

Paper P1 – Governance, Risk and Ethics

  • -Governance and responsibility
  • -Internal oversight and control.
  • Risk identification, evaluation, and management
  • -Professional ethics

Paper P2 – Corporate Reporting

  • -Finance reporting framework.
  • -Financial Statements for Groups, Specialized Entities.              
  • -Regulatory Changes.                                                                                             
  • -Performance and Position Evaluation.
  • -Current Developments.

Paper P3 – Business Analysis

  • -strategic choices, strategic position, and strategic action
  • -Business process change.
  • -technology information
  • -Quality problem
  • -Project administration
  • -Analysis of finances
  • Options (choose any 2 from the following 4)

Paper P4 – Advanced Financial Management

  • -Stakeholder roles and responsibilities
  • -Advanced investment evaluation
  • -Purchases and mergers
  • -Corporate reorganisation and reconstruction
  • Treasury and sophisticated risk management strategies
  • -The economic climate for international companies
  • -Emerging financial management and finance concerns

Paper P5 – Advanced Performance Management

  • -strategic control and planning
  • – Economical aspects
  • -Designing performance systems
  • -measuring performance strategically
  • -Performance assessment and recent developments

Paper P6 – Advanced Taxation

  • -Advanced facets of the UK tax system
  • -examines how taxes interact with one another.
  • -Steps taken to plan taxes
  • -Exchanging information with customers, experts, and HM Revenue and Customs

Paper P7 – Advanced Audit and Assurance

  • – Conceptual structure
  • – Regulatory environment
  • -Financial statement preparation, business mergers, and analysis and interpretation are all included.

 A journey with SISF through a number of innovative programmes will enable you to identify potential job prospects among various industries that includes the big 4 companies KPMG, Deloitte, WMS and PWC. Multiple MNCs are always looking for qualified accounting personnel to handle top most designationsSF’s vision to create industry ready professionals differentiates us from any other accounting institution. We are determined to provide innovative methods of learning , here at SISF and will continue to do the same.

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