B.Com with ACCA: Qualification, Salary & International Scope

B.Com with ACCA: Qualification, Salary & International Scope

To survive in today's competitive job market, earning a professional qualification along with a B.Com (Bachelor of Commerce) degree will likely result in career improvement. B.Com with ACCA forms one of the most rewarding blends for finance and accounting.

More than 88,000 candidates participated in the March 2024 sitting for ACCA, and many became ACCA Affiliates. The integrated B.Com programme trains people in international accounting subjects like financial management, taxation, and auditing, offering global recognition.

This article highlights the benefits, course details, salary expectations, and job opportunities in countries where this qualification is valued. Read below!

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B.Com. with ACCA - A Powerful Qualification

The B.Com degree and the ACCA course provide students theoretical knowledge and skills in practical application simultaneously. 

What Makes B.Com. with ACCA Unique?

Some of the key advantages of the B.Com integrated programme with ACCA may include:

  • ACCA exam exemptions: Several universities offer waivers for students who have completed eight to nine ACCA exams in the B.Com. coursework.

  • Global employability: ACCA is recognised in 180 countries, including the UAE and the UK. Singapore has officially appointed ACCA, and the qualification is also valued in Sweden and Canada.

  • The fastest career growth: An integrated B.Com. with ACCA programme offers a comprehensive understanding but also gives you a competitive edge in the global job market. This helps you earn a higher salary in the field of accounting and finance. 

Who Should Pursue This Qualification?

B.Com. with ACCA allows you to earn a degree and a professional qualification at the same time. It is ideal for:

  • Candidates aiming for a career in global accounting, taxation, auditing, or finance fields.

  • Individuals looking for a wide range of career prospects in multinational companies.

  • Accounting professionals who want to be placed at an executive level in the finance industry.

  • Individuals with plans of pursuing CPA US courses, CMA USA exam preparation, or US CMA courses.

ACCA Qualification: A Global Credential

The ACCA (Association of Chartered Certified Accountants) is an internationally well-known professional accounting body with 241,000 members and 542700. The curriculum covers financial management, taxation, auditing, and business analysis. IFRS (International Financial Reporting Standards) knowledge is crucial for accountants working in international markets, ensuring compliance with global financial reporting standards.

How ACCA Qualification Enhances Careers?

ACCA courses prepare individuals for finance and accounting leadership roles. The main advantages are:

  • Flexibility: The ACCA qualification enables you to work and study simultaneously instead of pursuing them separately.

  • Diverse career paths: ACCA-qualified professionals choose from various career paths, such as financial analysts, auditors, tax consultants, and risk managers.

  • Global job opportunities: In any part of the world, ACCA is a globally recognised certification and a golden ticket to a job with high wages and career success.

Global Recognition of ACCA Qualification

The list of the top employer companies for ACCA professionals includes:

  • Big 4 globally recognised accounting firms – Deloitte, PwC, KPMG, EY

  • Multinational corporations – Amazon, HSBC, Barclays, JP Morgan

  • Government organisations and financial institutions 

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Career Opportunities After B.Com. with ACCA

Here are some of the most desired professions after B.Com. with ACCA: 

1) Chartered Accountant (CA) & Financial Accountant

As a Chartered Certified Accountant, you will work on global financial reporting, corporate finance, and auditing for the business if you have ACCA.

2) Financial Analyst

Companies seek ACCA professionals to analyse financial data and identify investment opportunities.

3) Internal & External Auditor

ACCA teaches you how to perform audits, making you eligible to work for the Big 4 firms: Deloitte, PwC, KPMG, and EY.

4) Tax Consultant

By the international laws of taxes, an ACCA-certified expert helps clients with tax planning and compliance.

5) Management Accountant

Various companies recruit ACCA graduates to create budgets, forecast expenses, and handle business financial tasks.

6) Opportunities in Investment Banking

ACCA experts are preferred at top firms like Goldman Sachs, JP Morgan, and Morgan Stanley.


B.Com + ACCA

Top Career Prospects for ACCA Graduates

A B.Com. graduate with an ACCA degree may seize job opportunities in prestigious roles like:

  • Financial Analyst – ₹5-12 LPA

  • Accountant – ₹3-8 LPA

  • Risk Manager – ₹9-23 LPA

  • Tax Consultant – ₹5-10 LPA

  • Corporate Treasurer – ₹10-35 LPA

  • Investment Advisor – ₹5-12 LPA

  • Financial Controller – ₹14-35 LPA

How the ACCA Programme Boosts Career Growth?

ACCA is one of the most sought-after qualifications for students pursuing B.Com. The ACCA course helps professionals develop quickly by:

  • Providing practical skills and knowledge in taxation, auditing, risk management, accounting and business.

  • Offering exemptions from CPA US Courses and other professional qualifications.

  • Increasing the chances to secure senior-level jobs at top companies. 

Understanding the ACCA Syllabus & Exams

ACCA Exam Format

  • Most exams are computer-based and are conducted every three months.

  • Questions are simulated using real-world business scenarios.

  • Students can pass ACCA after their B.Com. within the time frame of 2-3 years.

BCom ACCA Syllabus: Key Subjects Covered

The ACCA syllabus covers the following aspects of finance and accounting, such as:

  • Financial Accounting & Reporting

  • Business and Corporate Law

  • Taxation & Compliance

  • Audit & Assurance

  • Performance Management

  • Strategic Business Leadership

ACCA Exams: Structure & Difficulty Level

The ACCA exams consist of three levels:

  • Applied Knowledge (Basic level)

  • Applied Skills (Intermediate level)

  • Strategic Professional (Advanced level)

ACCA Salary & International Career Scope

The ACCA programme is an international accounting and finance course. It is popular among students because it offers professional accounting credentials, excellent salaries and job opportunities internationally.

B.Com. and ACCA: Salary Expectations

The remuneration of an ACCA professional depends on experience, company, and job role. The salaries are as follows:

  • Freshers: ₹5-8 LPA

  • Mid-level professionals: ₹10-20 LPA

  • Senior professionals: ₹25-40 LPA

  • International salaries: ACCA members working in the UK, UAE, and Canada earn salaries ranging from ₹50 to 70 LPA. 

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Conclusion

B.Com. with ACCA is desirable for students or professionals who wish to nurture their skills in accounting and broaden their career horizons. The ACCA syllabus is currently in accordance with industry standards, and students are exempt from ACCA exams, which is also a huge relief.

In addition to ACCA, candidates can pursue CMA USA exam preparation, US CMA courses, or Enrolled Agent courses at NorthStar Academy, all of which offer direct benefits for a career in finance. With high demand for finance professionals worldwide, enrolling in a B.Com. integrated programme with ACCA gives you a competitive advantage, better salary prospects, and international career opportunities.

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