ACCA vs CPA | Which is Better for Your Career? Tuition Online

Finding your ground in the financial world can be challenging. Several organizations provide accounting certifications to bring your career to the next level. But, which will be best for your career? How should you go about figuring it out? Read on to learn the differences between ACCA and CPA and, ultimately, to help you make a huge career decision.

What is ACCA?

Headquartered in London, UK, the Association of Chartered Certified Accountants (ACCA) is a globally recognized and popular organization dedicated to serving students with prestigious accounting certifications. ACCA makes up thirteen different modules (Applied Knowledge & Skills, Strategic Professional Essentials, and Options). The coursework entails nine basic level courses and six (some optional) high-level courses.

  • ACCA basic modules are labeled as F1-F9: Business and Technology, Management Accounting, Financial Accounting, Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, and Financial Management. These fundamental modules are equivalent to a standard degree.
  • ACCA advanced modules are labeled as P1-P6: Strategic Business Leader, Strategic Business Reporting, Advanced Financial Management, Advanced Performance Management, Advanced Taxation, and Advanced Audit and Assurance. These advanced modules are equivalent to a master’s degree.
  • The exam uses many different types of questions, including multiple-choice, true or false, multiple responses, multiple response matching, and number entry.
  • ACCA requires a bachelor’s or master’s degree, or “as long as you have 3 GCSEs and 2 A-Levels in 5 separate subjects including math and English.”
  • Students seeking ACCA have up to ten years to complete their qualification, though most do it in three-four years.
  • Diversify your studying technique by viewing examiner’s approach interviews, reading examiner’s approach articles, and learning from points in the examiner’s report.
  • Click here to seek tutors to set you up for success!

What is CPA?

Based in the United States, the American Institute of Certified Public Accountants (AICPA) offers CPA licensing exam, though requirements vary state by state (or by US territory). Like ACCA, AICPA also offers licenses for students seeking to further their accounting and finance careers. This exam is also widely popular and prestigious, but in the United States more so than anywhere else. Compared to ACCA, the CPA license is relatively new, only established in the 1970s.

  • The Uniform CPA Exam entails four sections, all of which are four hours long: Auditing and Attestation (AUD), Business Environment and Concepts (BEC), Financial Accounting and Reporting (FAR), and Regulation (REG).
  • Without a score of 75 or higher for each section within a timeline of 18 months, you will not pass. It typically takes students a minimum of six months to complete qualifications, and that is considered a very short period of time. It may take years depending on full-time or part-time coursework.
  • The exam uses various question types, including multiple-choice, task-based simulations, and written communications.
  • AICPA requires a minimum of 150 accounting credits or post-grad education to be eligible for the exam.
  • Click here to seek tutors to set you up for success!

What are the leverages in both qualifications?

ACCA

  • ACCA basic modules are labeled as F1-F9: Business and Technology, Management Accounting, Financial Accounting, Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, and Financial Management. These fundamental modules are equivalent to a standard degree.
  • ACCA advanced modules are labeled as P1-P6: Strategic Business Leader, Strategic Business Reporting, Advanced Financial Management, Advanced Performance Management, Advanced Taxation, and Advanced Audit and Assurance. These advanced modules are equivalent to a master’s degree.
  • The exam uses many different types of questions, including multiple-choice, true or false, multiple responses, multiple response matching, and number entry.
  • ACCA requires a bachelor’s or master’s degree, or “as long as you have 3 GCSEs and 2 A-Levels in 5 separate subjects including math and English.”
  • Students seeking ACCA have up to ten years to complete their qualification, though most do it in three-four years.
  • Diversify your studying technique by viewing examiner’s approach interviews, reading examiner’s approach articles, and learning from points in the examiner’s report.
  • Click here to seek tutors to set you up for success!

CPA

  • ACCA basic modules are labeled as F1-F9: Business and Technology, Management Accounting, Financial Accounting, Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, and Financial Management. These fundamental modules are equivalent to a standard degree.
  • ACCA advanced modules are labeled as P1-P6: Strategic Business Leader, Strategic Business Reporting, Advanced Financial Management, Advanced Performance Management, Advanced Taxation, and Advanced Audit and Assurance. These advanced modules are equivalent to a master’s degree.
  • The exam uses many different types of questions, including multiple-choice, true or false, multiple responses, multiple response matching, and number entry.>
  • ACCA requires a bachelor’s or master’s degree, or “as long as you have 3 GCSEs and 2 A-Levels in 5 separate subjects including math and English.”
  • Students seeking ACCA have up to ten years to complete their qualification, though most do it in three-four years.
  • Diversify your studying technique by viewing examiner’s approach interviews, reading examiner’s approach articles, and learning from points in the examiner’s report.
  • Click here to seek tutors to set you up for success!

Both ACCA and CPA will help students succeed in their field of study. CPA has stricter requirements than ACCA but a shorter examination. ACCA is internationally recognized and long-established, whereas CPA is more prominent in the United States but much newer. Now it’s time to make your choice on what’s best suited for you!

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