B.Com vs. ACCA: A Detailed Guide on ACCA Course and it's Eligibility

After passing the 12th grade, students need to complete a graduate program. Those who took up commerce can go for the B.Com. Course and earn a graduation degree. Some students often take ACCA. This course prepares students to gain global exposure on the career front. So, if you are stuck on whether to pursue a B.Com. Or become an ACCA or want to know which will be better for your career growth, keep reading. This blog will give sumptuous details on the benefits of pursuing an ACCA vs. B.Com. undergraduate degree. 

While you know more about BCom vs. ACCA as you read, you will be surprised that pursuing dual degree courses can put you forward in the accounting and financial domains. With its global recognition and in-depth course structure, the ACCA degree ensures that students who crack the exams can grab enviable roles in the job market.

A Bachelor of Commerce, on the other hand, is a basic business administration course that helps students master topics related to business. Know all about the importance of studying Bcom with ACCA, and determine which one offers the best opportunities to excel in the accounting field.

Key Takeaways

• A Detailed Guide on ACCA Course and it's Eligibility

• ACCA Exam Structures

• BCom Exam Structure

• B.Com Vs. ACCA: What Kind of Jobs Can You Get

• Combining BCom and ACCA

ACCA and BCom: What are the Exam Structures?

ACCA Exam Structure

The ACCA exam structure is quite different from the B.Com. exam structure. In a B.Com. vs. ACCA comparison, the ACCA subjects are more detailed. The entire course is designed for a meticulous evaluation of candidates' skills and knowledge when it comes to the principles of accounting and finance. 

There are various levels and modules involved in the ACCA course syllabus. Each of these aims at a progressive evaluation of the competence and proficiency of students in:

• Accounting principles
• Technical Expertise
• & Ethical Standards.

There are mainly 3 levels in the ACCA exam: 

1. Applied Knowledge: It covers the basics of accounting principles and concepts.
2. Applied Skills: It focuses on applying accounting practices and techniques in real-world scenarios.
3. Strategic Professional: It offers a deeper study of advanced topics like taxation, corporate reporting, and financial management

There is an additional Ethics and Professional Skills module. It equips students with the ethical principles and professional skills required for real-life business scenarios. 

Here’s a look at the ACCA course details. The course teaches you the following subjects:

Applied Knowledge Level:

At this level, the subjects are:

• Business and Technology
• Management Accounting
• Financial Accounting

Applied Skills Level:

This level comprises subjects like:

• Corporate and Business Law
• Performance Management
• Taxation
• Financial Reporting
• Audit and Assurance
• Financial Management

Strategic Professional Level:

This level is divided into two modules: the Essential and the Optional. 

The two subjects in the Essential Module are compulsory, while the Optional Module, comprising four subjects, lets candidates choose any two subjects.

The Essential Module Comprises:

• Strategic Business Leader
• Strategic Business Reporting

The Optional Module Includes:

• Advanced Financial Management
• Advanced Performance Management
• Advanced Taxation
• Advanced Audit and Assurance

BCom Exam Structure: A Quick Look!

BCom is the commerce degree, often opted by many students after they complete 12th grade. The bachelor's degree has a standard exam structure that generally has a comprehensive format. It is aimed at evaluating the knowledge and skills related to business and finance, determining how much students know about these subjects. The exam structure usually includes a series of semesters. You can pursue a Bcom with an ACCA course within 3 years, along with getting ACCA Certification.

There are two semesters held every year. Students have to clear as many as 6 semesters in the process of completing the BCom degree program.

The BCom exam pattern usually combines:

• Theoretical Assessments
• Practical Examinations

Many universities that conduct the exam encourage internships and working on projects to gain real-life experience.

The curriculum is based on the guidelines of the university that governs B.Com. 

The assessment of students is usually done via:

• Written Examinations
• Presentations
• Case Studies
• Assignments
• & Viva Voce Assessments

This helps determine how much students have comprehended the theoretical concepts and can apply the knowledge gathered. 

Often, the B com-exam structure includes elective subjects. Students that complete Bcom, go for specialization in particular interest areas, such as:

• Marketing
• Finance
• International Business
• & the like

Due to this flexibility, students can pursue BCom as per their own interests and career aspirations. They can get a complete idea and in-depth knowledge about commerce and accountancy. So now you have a fair idea about the BCom exam structure, one of the components of your BCom vs. ACCA comparison. 

What are the Important BCom Subjects

There are various subjects covered in the exam. The topics have relevance to:

• Commerce
• Taxation
• Management
• Economics
• Finance
• Accounting
• & Business Law.

The B.Com. exam aims to provide students with the necessary skills, competencies, and knowledge. 

Equipped with an in-depth study and required skills, students can thrive easily in various professional roles across diverse sectors of the economy. It can prepare them for a career in the domains of business management and commerce. 

B.Com Vs. ACCA: What Kind of Jobs Can You Get?

If you are researching the ACCA vs. BCom jobs, you can grab better jobs and salaries with ACCA. The rising need for global business standards has made ACCA professionals valuable assets for any organization. The ACCA syllabus is so wholesome that candidates acquire knowledge and analytical and problem-solving skills, which help them rule the finance domain of various industries. 

With the ACCA program, students can pursue diverse career opportunities globally, including:

• Accounting firms
• Financial institutions
• Multinational corporations
• Regulatory bodies.

B.Com. graduates do not have the specialized training offered by the Association of Chartered Certified Accountants. However, upon successful course completion and passing the exams, students get a solid understanding of fundamental business concepts, which helps them earn better remuneration. Obtaining a B.Com. qualification helps you become an expert in the fields of:

• Accounting
• Finance
• Banking
• Marketing
• Management.

In terms of BCom vs. ACCA job prospects, ACCA is a clear winner.

Combining BCom and ACCA

If you are all set to take your career to new heights faster, juggling both B.Com. and ACCA courses simultaneously can let you reap great benefits.

ACCA course is flexible, as you can appear for the first four exam papers at your convenience, anytime. Both BCom and ACCA are connected, and there are similarities and extensions of topics and concepts in hand, which boosts your knowledge-acquiring process. Scheduling your college studies and preparing for ACCA exams can be challenging. However, it is not an impossible task. If you are sincere enough and want to give it a try, good luck!

You are better equipped to join the professional world when you pursue B.Com. and ACCA together. So, you can outdo your peers just after graduation and join any organization globally at a prominent position. You become a seasoned professional at a young age, and ACCA can be the best means for career acceleration. 

So, it is not a BCom vs. ACCA study; combining both can be a wonder for a finance professional.

Why Choose the Best Online Coaching Centre for ACCA?

You need the right guidance and mentorship to sail through the tough ACCA exams. With its vast subjects and series of exams, this globally recognized certification course can prove challenging if you do not plan things properly. An online coaching center of repute, such as NorthStar Academy, can show you the right path to academic success with accredited mentors guiding you at each step in your academic journey.

• You get the flexibility to study as per your schedule.
• The scope to access the ACCA course materials anytime in different formats makes exam preparation exciting.
• Live chat sessions, webinars, one-to-one doubt-clearing sessions, group discussions, and more add to the learning process.

Conclusion

So, that is all about the BCom vs. ACCA comparison. Whether you are planning to go for a B.Com. study or an ACCA certification course, it is vital to do proper study preparation to crack the exams. You can maximize your chances of success with the help of a top online coaching center like NorthStar Academy, which has expert mentors to provide you with the tips, recommendations, guidance, and study advice you need. Join now and let your academic journey be smooth!