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Finance is the backbone of any business. Whether it’s a small shop or a multinational. There is therefore a demand for professionals able to understand the pulse of any business. They needed several professional courses and hands-on training, which are widely used to improve business efficiency, reduce expenses and increase profitability. As a result, chartered accountants are in great demand and have the necessary expertise to manage a variety of business situations and enable the company to grow. The chartered accountant diploma is awarded by several countries and has a unique character. We will discuss the degree of chartered accountant provided by global and regional institutes. ACA stands for Associate Chartered Accountant, while ACCA stands for Association of Certified Chartered Accountant. This degree is issued by the Institute of Chartered Accountants of England located in Wales. The course structure is more or less adjacent to the accounting principles followed in the United Kingdom. The first is the Certified Public Accountant diploma, which can be obtained in three years after 15 modules and 2 or 3 years of additional experience. ACA course can be divided into three modules namely. Certified level, professional level and advanced level. The certified level constitutes the following principles such as accounting, certification, commerce and finance, law, management information, the principle of taxation. The professional level includes business planning, business strategy, audit and certification, financial accounting and reporting, financial management and tax compliance. The advanced level includes business reports, strategic business management and case studies. The Chartered Accountants ‘Association (ACCA) is also a Chartered Accountant’s Certificate issued by the Chartered Accountants’ Association based in London. The term charter in ACCA means Royal Charter which is called the Royal Charter granted in 1974. The diploma was issued with the intention of protecting. They are fellow inspectors or auditors who must go through a series of procedures to be able to carry out public exercise missions, who must comply with additional procedures and who must be in possession of certificates of public control, audits, etc. . . The exam also includes 14 tests and these are fundamental values of integrity, responsibility, diversity, innovation, etc. It is accepted in 180 countries and the diploma itself is a global diploma. The qualification is based on international accounting principles and is the main regulator of international accounting. ACCA has more than one hundred years of experience and more than 7,500 satisfied employers around the world. The three stages of ACCA are Applied Knowledge (Diploma), Applied Skills (Advanced Diploma) and Basics.The degree consists of: AB Accountant in Business, MA Accounting Accounting, FA Financial Accounting. Applied Skills includes the following areas: LW Corporate and Business Law, PM Performance Management, TX Taxation, Financial Reporting in France, AA Audit and Certification, FM Financial Management. The last module, Essential, includes strategic reports on SBR’s activities and BL’s strategic lead. This course is highly recognized around the world and has a leg up on ACA.This is the difference between CA and ACCA
For more details :www.pac.edu.pk
