This dual qualification adds fuel to a budding and blossoming career in accountancy-the wisest choice that has attracted students in increasing numbers. The BCom degree proves to instill in students the height of theoretical knowledge while ACCA gives the know-how that is worth such professional qualification. Taken together, the knowledge complements each other, giving students strong, rich theoretical backgrounds along with the professional, literate, applied skills that will provide a jump-start for a global career in finance, accounting, and auditing, leading to many high-demand jobs, both in India and abroad.
What is ACCA?
ACCA is an international degree of accreditation provided by the Association of Chartered Certified Accountants, which provides skills used in finance, auditing, and management areas. The ACCA is considered to be a globally spread phenomenon because this degree is offered to more than 180 countries, one of the fastest-growing of which is India.
Key Features of ACCA
- International Recognition: Industry-recognized AA Certified Associate of Chartered Accountancy license, making it globally accepted and thus easier to follow career opportunities in various countries.
- Cloistered in padding for an in-depth analysis: The discipline of ACCOUNTING covers taxation, financial management, auditing, law, and ethics.
- Versatile Scheduling: Certain flexible options for taking the examinations at intervals that students can integrate into their undergraduate course, to enable concurrent study, may be preferable, such as in BCom.
- Continental Outreach: ACCA opens up a wide variety of areas to work in; these include auditing, taxation, management accounting, and financial consulting.
ACCA with BCom
Besides, completing ACCA with BCom has its own advantages as students can pair the course with their subjects in BCom so that a topic once covered in BCom gets repeated while studying for ACCA. After qualifying their BCom, they can earn a global degree as well.
Eligibility Criteria for ACCA with BCom
- Educational Qualification: A contender should have completed 10+2 (or equivalent) from any recognized board with a minimum score of 50% with subject matter in commerce or mathematics.
- BCom, ACCA parallel program: For an ACCA qualification, the student should be registered for a Bachelor of Commerce program with apparently specified minimum scores.
- Exemptions: Generally, the ACCA syllabus is vast and complex but a BCom students may, depending on the correspondence between the university and curriculum, be exempted from a maximum of four papers from the ACCA.
Benefits of Pursuing ACCA with BCom:
- Dual-degree accomplishment: Dual Certification allows a student to earn both BCom and ACCA qualifications, hence improving one’s chances of placement.
- Cost-Effective: Many universities have opted to incorporate ACCA training into their menus with BCom courses; thus they are, in theory, more cost-effective than absolutely paralleling ACCl.
- Time-Efficient: When ACCA courses are completed with BCom, the whole time spent towards education allows the student to enter into the industry sooner with the skillful knowledge of a very high-demand accounting position.
- Global exposure: While mentors prepare learners for the global workforce, ACCA imbibes an international flavor in accounting practices and regulations.
- Perspective developmental programs: B.Com concentrates on theoretical and industry-oriented methods while ACCA develops professional and practical skills, thereby hybridizing to form an integrated education.
ACCA with BCom: Best Colleges in India
Selecting an appropriate college while preparing for the ACCA with BCom program is extremely crucial. Many institutes in India now conduct integrated programs, through which candidates are trained in the areas of ACCA as well as BCom. Given below is a list of some of the best colleges that are offering this dirge along with their annual fees:
| College | Location | Annual Fees (INR) |
| Christ University | Bangalore | ₹1,80,000 – ₹2,00,000 |
| St. Joseph’s College of Commerce | Bangalore | ₹1,60,000 – ₹1,80,000 |
| Loyola College | Chennai | ₹1,50,000 – ₹1,70,000 |
| Symbiosis College of Arts and Commerce | Pune | ₹2,00,000 – ₹2,20,000 |
| Jain University | Bangalore | ₹1,75,000 – ₹2,00,000 |
| St. Albert’s College | Kochi, Kerala | ₹1,50,000 – ₹1,70,000 |
| Kristu Jayanti College | Bangalore | ₹1,50,000 – ₹1,75,000 |
| Stella Maris College | Chennai | ₹1,60,000 – ₹1,80,000 |
| Sacred Heart College | Kochi, Kerala | ₹1,50,000 – ₹1,70,000 |
Top Colleges in Specific Regions:
- ACCA with BCom’s best colleges in Chennai are Loyola College and Stella Maris College, being the other optimum institutes, having the least cost attached to them.
- The recommended best colleges with ACCA and BCom in Kerala are St. Albert’s College and Sacred Heart College in Kochi for students pursuing ACCA with BCom.
- Some of the contenders for Bangalore would be Christ University, St. Joseph’s College, and Jain University, owing to their good architecture to ACCA integration with BCom.
ACCA with BCom: Scope, Jobs, & Salary
The combination of ACCA and a BCom puts the holder in a better position to get employment, as it adds both academic and professional value. This would result in a better selection from which to choose jobs in India and worldwide.
Scope in India
- Alternative Career Paths: Graduates can be employed in jobs spanning auditing, taxation, financial reporting, risk management, and corporate finance.
- Global Opportunities: The ACCA has international recognition and provides students with the option of working, not only in India but also in the UK, UAE, Singapore, and Australia.
- Multinational companies: ACCA-qualified professionals are in high demand in multinational corporations, Big Four accounting firms (PwC, Deloitte, KPMG, and EY), and other financial institutions.
- Better Employability: The dual qualification is likely to make a candidate reach an extraordinary height in the job market, placing them in a superior position for employability issues and leadership roles.
Job Roles
- Financial Analyst
- Auditor
- Tax Consultant
- Management Accountant
- Financial Planner
- Risk Manager
- Business Consultant
Salary Prospects
- Entry-Level Salary: As Fresher, ₹5,00,000 – ₹7,00,000 per annum.
- Mid-Level Salary: ₹8,00,000 – ₹12,00,000 per annum after 3-5 years of experience.
- Senior-Level Salary: ₹15,00,000 – ₹25,00,000 per annum, depending upon the job role and location.
ACCA combined with BCom gives the students a range of theoretical concepts related to commerce and also imparts practical knowledge in accountancy. This makes them the most chartered accountants preferred by employers currently in the job market.
Conclusion
Students undertaking ACCA along with BCom harbor great hopes of entering into their careers in the field of accounting and finance. A unique synthesis of theoretical rigor and practical training caters to stable ground for their careers for local or international opportunities. Different advantages of dual recognition, worldwide credibility, and proper jobs give the course much appeal to an Indian feeding an appetite for dynamic careers. A good institution allowing several courses can accelerate a student’s career and further provide relevant skills to support them throughout their profession.