If you are willing to start a career in auditing, accounting, or finance, then you must know the difference between CA vs ACCA. PAC offers both ACCA and CA certification under the supervision of esteemed faculty members and state-of-the-art teaching facilities. However, the one common question to choose Chartered Accountancy vs ACCA remains as many are not familiar with it.

The key difference between CA and ACCA at PAC is that ACCA prepares you to secure international job opportunities regarding finance. In comparison, CA certification provides you with in-depth knowledge of local financial regulations offered by PAC under the approval of ICAP (Institute of Chartered Accountants of Pakistan).

To help you choose the right career path, we have written this detailed article to learn the key differences between CA and ACCA certifications. Each branch of finance has its advantages, and we will discuss what both certifications offer.

What is ACCA?

ACCA stands for Association of Chartered Certified Accountants, which represents the globally recognized accounting certification. This association was founded in 1904 and offered globally recognized credentials in 193 different countries. The key benefit of ACCA is that it provides you with deep knowledge of UK GAAP, IFRS, and their regulations. 

Many countries like the UK, Canada, Australia, and Ireland recognize the ACCA qualification as a valuable certification. PAC can help you become one of the 4 million students of ACCA around the globe. With the growing number of students worldwide, it has become a highly recognized profession in finance.

What is CA?

CA stands for Chartered Accountancy, which is probably the most popular and preferred path business students take. Chartered Accountants are respected as the only licensed professionals who can audit an organization’s financial statements. 

With the passage of time, CA is becoming more demanding by the local businesses of Pakistan. PAC is the pioneer institute to teach CA in Pakistan to make students experts in accounting, taxation, and audit. After the 12th grade, anyone can apply in CA at any time without being concerned about any age limit.

CA vs ACCA: What are the Key Differences?

Even though ACCA and CA might sound like the same, there are some major differences between their studies and work. Both of the certifications have their own advantages, criteria, and opportunities, which are mentioned below.

Core Topics

Chartered Accounting certification mainly focuses on Auditing, Finance, Taxation, Company La,w and much more. On the other hand, CA is a much broader field that covers various studies from the field of finance. On the other hand, ACCA is focused mainly on Accounting and Finance, which is not as extensive as the CA.

Level of Difficulty

According to millions of students and professionals, CA certification is relatively more difficult to pursue as compared to the ACCA studies. However, both of the certifications may vary for everyone, depending on their career acquisition. Depending on what you wish to become in the future, you can choose whether CA or ACCA is the right fit for you. To learn more about it, you can visit the course pages of CA or ACCA on the PAC website.

Professional Experience

CA requires at least 3 years of articleship, which is mandatory to become a certified CA. On the other hand, ACCA requires over 3 years of work experience. The key difference is that you get paid the bare minimum if you perform duties as a CA under the articleship. 

Moreover, those 3 years of articleship are not considered work experience. On the other hand, ACCA’s tenure of 3 years is equivalent to work experience. In addition to that, you get a decent salary package and broader industry exposure before even completing the certification.

Requirements in Industry

Companies in Pakistan hire CA since they are certified to have knowledge about corporate compliance requirements and financial regulations. The same is the requirement of CA in other countries, for which the chartered accountants prepare themselves. On the other hand, ACCA provides services to businesses and organizations worldwide, which also includes international clients.

Prerequisites

The prerequisites of CA at PAC require intermediate education or equivalent, which will bring you toward the first step of becoming a chartered accountant. On the other hand, you can opt for studying ACCA at PAC after completing Matriculation or O Levels with at least three subjects passing. In addition, the candidate must have at least two courses in intermediate or equivalent education to study ACCA.

Job Opportunities

Chartered Accountancy vs ACCA offers well-paying and well-reputed jobs in the market. Students who have completed their CA or ACCA certification from PAC are working in the largest organization in Pakistan. All the professionals who graduated from PAC are currently offering reliable services all across the globe. Both ACCA and CA professionals offer the services of accountants, financial analysts, finance managers, and controllers.

Credibility

Both ACCA and CA hold the credibility of being well-reputed qualifications for auditing and handling financial transactions. Being an auditor a Chartered Accountant has the authority to audit the balance sheet. In contrast to that, an ACCA professional is not certified to sign the audit sheet. Since the ACCA and CA professionals work on the same financial principles, both carry financial expertise.

CA is more credible for securing opportunities in the local market and the market of Pakistan is all welcoming for it. Starting from the federal institutes to the giants of the manufacturing industry, everyone relies on a chartered accountant when it comes to managing finances.

On the other hand, ACCA is a job that is not limited to a single country. In fact, ACCA is in high demand in various other countries as a credible certification at various workplaces. ACCA at PAC provides you with a combination of knowledge and skillsets you need to get noticed as an employer.

Which Qualification is More Recognized in Pakistan?

CA and ACCA certifications offered at PAC are recognized by the ICAP, which highlights the credibility of our students in both local and global markets. Our certified CA professionals are providing services at major firms in Pakistan including GOVT of Pakistan, Unilever, FBR, and many more institutes. On the other hand, the ACCA graduates from PAC have a widespread network of Alumni working in firms in Australia, Canada, the United States, the United Kingdom, and various other countries around the globe.

CA or ACCA at PAC? Which Path is the Right One for You?

Choosing between CA or ACCA depends on your personal preference and career aspirations. Here are some of the key benefits of each qualification.

Benefits of ACCA

  • The ACCA certification earns you global recognition to work in over 193 different countries and brings an opportunity to work in the international market.
  • ACCA professionals get more exposure from international countries.
  • ACCA professionals get a broader spectrum of career options from financial to business management services.

Benefits of CA

  • Chartered Accountant qualification gets you a better exposure to local laws and financial regulations.
  • CA professionals have more authority in the local market and have a chance to secure better opportunities from federal to major private firms.
  • CA qualification is highly respected in the local business and financial community of Pakistan. Hence, it brings better earning opportunities, including major authoritative opportunities.

What are the career opportunities after CA and ACCA?

Once you have secured the honor of becoming a CA or ACCA, you get to unlock the doors to the following opportunities:

Opportunities for ACCA

  • Financial Accountant
  • Management Accountant
  • Corporate Treasurer
  • Risk Management
  • Treasury Operations
  • Assistant Accountant
  • Finance Manager
  • Forensic Accountant
  • Tax Specialist

Opportunities for CA

  • Public Accounting
  • Corporate Finance
  • Taxation
  • Management Accounting
  • Financial Services
  • Consulting
  • Government and Public Sector
  • Chief Financial Officer (CFO)
  • Financial Controller
  • Tax Manager
  • Internal Auditor

FAQs

How can I apply for CA or ACCA at PAC?

Are you ready to begin your career as a globally recognized ACCA or a well-respected CA? Contact PAC now to learn at the most prestigious Chartered Accountancy Institute of Pakistan.

Is ACCA easier than CA?

CA is tougher than ACCA as it covers various branches of accounting and finance. Moreover, the tenure to complete a CA education is lengthier than that for ACCA. ACCA at PAC requires 3.5 years and 17 papers. While the CA program requires at least 5.5 years and 21 papers.

Can I convert from CA to ACCA or vice versa?

You can pursue studies for ACCA after completing your CA, and you just have to appear in the 4 papers from the professional level.

Conclusion

CA vs. ACCA is a crucial point of choice for students who are looking to pursue a career in finance or business management. If you are willing to provide service on the national level, then CA can earn you respect on a broader level. On the other hand, if you want international exposure, the ACCA is the recommended option for you. We hope this article has given detailed insights into the key differences between ACCA and CA.