When it comes to global finance certifications, the debate often centers around ACCA vs CPA which is better.
Both qualifications open doors to promising careers, but how do they stack up against each other? This blog breaks down the key differences between ACCA vs CPA, including salary expectations, job opportunities, and the global recognition of each.
Whether you’re a student trying to choose the right path or a working professional considering upskilling, understanding ACCA vs US CPA can help you make an informed decision.
Both ACCA (Association of Chartered Certified Accountants) and CPA (Certified Public Accountant) are prestigious accounting qualifications. However, they differ in terms of global recognition, exam structure, and the specific skills they emphasize.
While ACCA is internationally recognized, CPA is primarily focused on the US market. Let’s take a closer look at the differences in the table below:
Criteria | ACCA | CPA |
Number of Exams | 13 exams across 3 levels | 4 exams (AUD, BEC, FAR, REG) |
Time to Complete | 3-4 years (flexible timing) | 12-18 months (18-month window to pass all 4 exams) |
Global Recognition | Recognized in over 180 countries | Primarily recognized in the USA, some recognition globally |
Focus Areas | Broad international accounting standards (IFRS) | US-focused standards (GAAP, US Taxation) |
Eligibility Requirements | No specific degree is required; it is open to graduates of any field | Bachelor’s degree (120-150 credit hours, varies by state) |
Cost | Approx. £1,000 – £2,000 (depends on location) | Approx. $3,000 – $5,000 (varies by state and materials) |
Flexibility | Offers more flexibility in exam scheduling | Requires passing all 4 exams within 18 months |
Career Opportunities | Global roles in accounting, audit, and finance | Primarily US-focused roles in accounting, audit, and finance |
Salary Expectations | Varies globally (Average: £30,000 – £70,000) | Higher average salaries in the US (Average: $70,000 – $120,000) |
Relevance in India | Gaining recognition; increasingly in demand | Less common but valuable in MNCs and US-based firms |
Both ACCA vs CPA in India offer strong career prospects, with ACCA being more globally recognized and US CPA appealing to those working with American firms or international companies using US accounting standards.
ACCA Vs CPA Which Is Better
Both ACCA (Association of Chartered Certified Accountants) and CPA (Certified Public Accountant) open doors to various career opportunities. However, the relevance of each depends on the region and job market you are targeting.
Relevance in Different Job Markets:
ACCA: This certification has a broad international reach, particularly recognized in the UK, Europe, the Middle East, and Asia.
ACCA is a better choice for you:
- If you are aiming for a global career.
- You have work commitments and need flexibility to study anytime.
- If you wish to work in diverse roles within finance, management, and auditing.
CPA (USA): Primarily recognized in the US, the CPA is a key certification for those looking to work in American firms or multinational companies with a strong US presence. It is highly regarded in sectors such as public accounting, tax, and audit, with significant demand in the USA, Canada, and regions with ties to US financial systems.
Salary Comparison:
ACCA: ACCA-qualified professionals typically earn between $50,000 to $70,000 annually, depending on the country and industry.
In the UK, the average salary for ACCA holders ranges between £30,000 to £60,000, depending on experience and the employer’s size.
CPA: In the US, CPA salaries can range from $55,000 to $120,000, depending on location and experience. In India, a CPA earns between ₹7,00,000 to ₹20,00,000 per annum, often more than ACCA due to its niche demand in US-based firms.
Future prospects
ACCA: Offers broader flexibility and recognition globally. It is ideal for individuals interested in roles across various countries, especially in financial hubs like London, Dubai, and Hong Kong.
CPA: Provides a higher salary potential in the US and public accounting and finance sectors. Its future prospects are strong for those aiming to work in or with US financial institutions.
How Does ACCA Vs CPA Differ In The USA And India?
ACCA vs CPA in USA:
- ACCA: Less recognized than CPA, with opportunities mostly in multinational firms.
- CPA: Preferred for roles in public accounting, tax, and audit due to its alignment with US GAAP and tax laws.
ACCA vs CPA in India:
- ACCA: Gaining popularity in multinational corporations and sectors like banking, audit, and financial management.
- CPA: Preferred for positions related to US tax and audit, often with higher salary packages.
Global Recognition:
- ACCA: Recognized in 180+ countries, providing strong global career mobility.
CPA: Primarily recognized in the USA, Canada, and a few other regions, though not as widespread globally as ACCA.
Is CPA More Difficult Than ACCA?
Both US CPA vs ACCA are challenging and require dedication and hard work to pass. To assess the CPA vs acca difficulty levels, let us compare these factors:
Passing scores CPA vs ACCA
The passing percentage of ACCA vs CPA is both around 45-55%. However, the structure and time constraints of the exams can make CPAs feel more demanding.
Time Commitment
- ACCA: Typically takes 3-4 years to complete due to the higher number of exams and flexibility in scheduling.
- CPA: This can be completed in 12-18 months but demands intense preparation and focus on US regulations.
Professional Perspectives
- ACCA: Viewed as a more flexible and globally recognized qualification that allows students to manage their study and work commitments better due to spaced-out exams.
- CPA: Considered more rigorous in terms of time pressure. There are limited exam sittings, and the syllabus focuses on US-specific accounting and auditing standards. All these factors make it harder for Indian students.
What Is The Difference Between CPA Vs Ca Vs ACCA
While CPA, CA, and ACCA all lead to prestigious careers, they each cater to different needs.
CPA is ideal for public accounting, particularly in the USA. CA is more locally focused, especially in countries like India. ACCA, on the other hand, is suited for global opportunities.
In terms of CPA vs CA vs ACCA salaries, CPA tends to lead in the USA, while CA and ACCA professionals command competitive salaries internationally.
Is CPA Recognized In India?
While CPA is more recognized in the United States, it is still valid in India. The big 4 and multinational companies have opportunities for CPA.
However, the work of CPA professionals in India is very limited. For example, statutory and audit work in India is regulated by ICAI.
US CPA follows GAAP(Generally Accepted Accounting Principles, while Canada follows International Financial Reporting Standards (IFRS).
So, there are many differences in the practices followed in CPA, which are not applicable in India.
Can You Do CPA After ACCA?
Yes, you can do CPA after ACCA, but it is not an easy route. To earn your US CPA qualification, you will need to pass all four sections of the CPA exams, namely –
- Auditing and Attestation (AUD)
- Business Environment and Concepts (BEC)
- Financial Accounting and Reporting (FAR)
- Regulation (REG).
The CPA qualification is governed at the state level in the US, so the first step is to choose the state where you would like to be licensed.
Each state has its requirements for eligibility, and they may have specific educational criteria. Typically, you will need 150 credit hours of education (equivalent to a master’s degree level) to sit for the exam.
While in ACCA, you get exemptions, CPA doesn’t consider past certifications. So, you don’t get any exemptions.
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Frequently Asked Questions About ACCA Vs CPA
ACCA is generally easier to start because of its flexible entry requirements, but CPA has fewer exams.
ACCA is globally recognized and more flexible, while CPA is USA-specific and focuses on public accounting.