Is CPA or ACCA better than Indian CA course ? The real truth | CPA Vs CA
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- čas přidán 22. 11. 2022
- In this video, let’s discuss if Indian CA is still good enough or or other accounting courses like ACCA and CPA a better choice to do. What is the scope of CPA in India? Is CFA having good scope in India
#charteredaccountant #career
Wrong information ACCA is very knowledge providing and has equal and more opportunities than Indian CAs nowadays, it's important to work smart and gaining qualification which is demand rather than working hard and getting lesser or equal opportunities
What I see from the career's perspective, CA is probably one of the most overrated courses in India. I think its not that difficult but rather lengthy and since it involves article ship which again adds lengthiness to this course. So a student has no other option but to adopt smart study rather than hard work as there's so much to cover within a short span of time. When it comes to CPA, it's a globally recognised course for which a person has to take limited subjects to get certified. There's no article ship involved but it does require minimum experience which isn't mandatory for a few states in the US. Once you're into CPA, you will have to choose your state accounting board, and each state has their own requirements. ACCA on the other hand, works well in the europe. And for those who're gonna comment bullshit, I am a CA, CPA and CMA US so I know better than any other CA aspirant. :"
I also saw a few people asking CA plus other subjects so here's my take-
1) CA + CFA = Do you wish to make a strong career in wealth management/financial planning?
2) CA + CPA = Are you relocating to a different country? Or looking for a CPA client job offer in big 4 or somewhere else?
3) CA + CMA = Wouldn't benefit much. I don't know why I did even enrol in this. But, I have seen people people getting offers in accounts jobs in some big BPOs @keyposition.
4) CA + CS = Don't waste your time.
5) Edit: CA + MBA = Good but depends from which college/university you wish to pursue this. Mostly people go to Bschools because of placements only or make strong connections so higher the rank that the MBA college has, higher is the chance that you would get huge placements and higher is the possibility that you would make strong connections.
6) CA + ACCA - Again same as CA + CPA.
Based on my personal experience and opinion.
Very well explained 👍
CMA US is bs🤣 CMA India or CIMA for that matter is much better alternative
@@surajitdas7695 what about cfa + frm?
@@Ashish-ss5nt CFA is enough i feel, no need to do FRM after that, but if you fo FRM first, then CFA will be beneficial if you plan to do it after that
@@surajitdas7695 can you guide me if there is any good online coaching for that
Very well-researched and fine-made video this is..
The way you compared & explained ❤️
I don't agree with the fact that CA qualified are more refined than CPA or ACCA. I have an experience of over 5 years in EY global and what i have observed is most of the Indian CA do not even have good communication or auditing skills. Though there are some exceptions, who actually remembered what they have done in their articleship while most of have no idea about mitigating risks or sox procedures.
I guess that's because CA course causes a lot of Burnout.
Presentation skills , communication skills are some of the important areas where most of ca are lacking, no wonder why still after 10 years avg package of ca in the market are same , ca have sound technical knowledge but don't have skills how to apply those knowledge practically.
Very very very true.... ÇA are worse in communication skills sorry those who are hurt..
And in Acca they focus on how the auditor should communicate, P Skills, business acumen and much more and more over CA Is focusing on rote learning..
I am CA and pursuing ACCA and I am loving Acca style of writing a exam and what they expect from us...!
Bhai if you want to do ACCA after CA aapko sirf 4 exams hi pass karne honge agar lagta h usmai kuch jyada exposure hai to karlo
@@SanjuSanju-oy9ih sir can you tell you how one can focus on his communication skills?
Indian CA wants articles to work with a small stipend in the name of professional experience, which we couldn't find in other courses such as CPA or ACCA where your work experience in the relevant field will be honoured, respected and considered.
True
Thanks sir. Much needed video.
Thanku so much sir. You cleared my mind.
Excellent comparison!!
Thank you so much for not sugarcoating ♥️♥️
Thank you so much sir to understand such situations of students and current scenario of CA course
CA makes sense in 4 cases
1) Economy - if you don't have a huge budget - CA is the only option
2) Practice in India - specially tax practice
3) Versatility - CA for a much lower cost offers you a lot of versatility similar to an MBA. You can take up roles in Management Consulting and Investment Banking or Finance or Industry apart from Practice or working in Accounting Firms. CPA and ACCA are very focused only on Auditing and Accounting and their scope is restricted to that. Moreover, CA can also be your entry ticket to a very good MBA School - ISB, IIM-B, IIM-C all have a history of preference to CAs.
4) Language - If you don't have near native fluency in English, then CA is the only option that remains.
Honestly, if you have the funds and options - why go for ACCA or CPA? Get a BBA then get an MBA and you can work in a wide variety of roles.
It seems to me that if you have the desire specifically to work in India or work outside India in IFRS/USGAAP in Audit and Assurance/ Accounting then these courses make some sense.
The reason for the popularity of these alternate "CAs" is because of ICAI - both in the positive and negative sense.
Positive sense because the CA Certificate has quite a high level of prestige in India making it socially desirable on par with Doctor/IAS
Negative sense because the course is still structured so poorly that rote learning is the major component in it. And this is due to subjective papers being evaluated using keywords which are exactly the module language. A lot of students with poor english merely mug up and pass, while students with good comprehension and understanding struggle here.
The reluctance to shift to open book, adopt technology in evaluations and bring about better transparency and governance regarding the examination and evaluation process hurts the repute of the course. Several students develop the misapprehension that the course is too difficult or unfair when in reality it's merely vast and mostly easy - the difficulty is in the consistency of studying and retention strength.
If someone is truly searching for alternatives to the CA Course - I'll ask them - first understand the core work of a CA (Tax and Assurance) and decide whether you find that suitable. If you wish to do that and then have the financial resources - go for ACCA/CPA if you wish to work in Audit and Assurance.
If you don't find the work satisfying - better to go for another course - CFA/MBA/FRM etc.
Definitely don't let the potential salary and income form a major part of your decision making - if you have the skill then any of these degrees within their respective scopes will grant you the earnings that you merit. You should only look into whether the kind of work is actually in your interest.
For Eg.
Personally, I am limited financially and I want to enter into Management Consulting having no interest in core CA Practice. Becoming a CA and obtaining a rank in CA Final is the best and cheapest route for me to enter into MBB and that's what I am doing.
This was really useful. Thank you 🙌
Very well explained!!
But don't you think CFA is also very costly? Like middle class families in india they can't afford giving only 1st level with such sky high fees and if someone fails that level than he have to sit again and have to pay the same fee one more time.
Hello In Acca there is scope of tax but restricted to some countries like UK, Ireland few more so there is scope who want to migrate out of India
Great read man 👏🏻🙏🏻
ca and acaa cost are same with classes 3 lakhs in all wo classes acca 1lakh cpa 1.5 lakh
Sir, both the qualification have there own recognition and importance . But the fact is that the Indian ca (ICAI) made it tough to clear not from the course content but due to the grouping system. And on the other hand ACCA made there courses much more applicative. The types of questions being asked in ACCA are much more application based questions.
But after all both the qualification named as a chartered accountant, both the qualification are very much rigorous and have their own importance in their respective field.
Pls dont demotivated the ACCA students.
This video is very helpful for me. Thanks alot.....
Thanks for correct guidance sir
I started ACCA after my 12th in India and from then on i have talked with hundreds of ACCA students some of them were pursuing ACCA and CA together some were pursuing ACCA after CA and not a single of them said knowledge gained in ACCA is anywhere lesser than CA but the opposite they said the paper structure and the test of concept is much better than in CA. So if someone does not want to work in Indian tax, then ACCA will be a great course for them.
hiii buddy do u have a job &completed acca ?
update
@@divydada Hi, I have cleared 9 papers till now. I got the job when I only cleared 3 papers last year.
@@anuragjain464 Good going anurag wish you all the luck
@@divydada thank you and i wish you the same
@@anuragjain464 hey brother are there jobs after acca in india?
Thanks for this video
CPA is a 4 year 150 credits graduate + min 2 year work ex pre requisite
CA is a 4 year ( min) after 12th course .
So fundamentally, both are structured differently .
With regards to the age criteria ACCA can be done right after class 10 and therefore it is the best considering the age factor
Cpa's , Acca's Get similar jobs and salaries as Ca's do . Plus 3 years of articleship is pointless. It is quite unfair to say that Ca's are superior or Cpa / Accas are superior. Depends on your goal if u want to practice Ca, Cpas can do that. If you want to work in Corporate / Big 4’s CA's ,Acca, Cma's etc do get jobs.
If I knew about acca before starting CA I would have opted for it
Exactly
I was lucky in that regards i started ACCA after 12th😄
@@anuragjain464 bro should we speak like natives ???
Correct ACCA is no way less than CA and in foreign countries it carries even more value
@@anuragjain464 hey can you please share your experience and how did you do it? Since I have also passed 12th now only but from science background 😅
It was Candid.
Kisine ye miles education ka CPA wala advertisement dekha kya is video pe 😂.
Dekhke Phir Hera Pheri movie yaad aai mujhe 😅.
CPA can parallel be practice with CA. ?
Legends will be reading comments 😂
But CPA do have some benefits..no mandatory articleship..ease of appearing
You are trying to underated the CPA , dude it's a AICPA baap of all international accounting bodies, and by the way icai has copied entire auditing subject from AICPA audit curriculum including full stop.
Please make video on MBA from average college and CFA.
Only 1-2 % of ca students able to pass in first attempts or able to complete ca course at the age of 21, for last 10year the average salary of ca is 8 to 10 lakh , so my question is why companies are not interested to hire Indian ca at higher package where student who pass from any 2 nd or 3 rd grade mba college easily get package of 10 to 13 lakh , also I have seen Cpa/acca freshers get same 8 to 10 salary , so what is the point of pursue Indian ca and to indulge my time effort for this course and waste 5 to 8 years of my life ?
True. And i believe there is no transparency in ca course. I heard many teachers tell us that you study hard and pray that you get correct checking and correct marks. I was like whattt... Well reputed teachers are telling this that we are left on luck. It's too overrated. CA alone is very good but the authorities who sit on top are old fashioned, not flexible and stubborn. They don't want to accept their mistake.
True I heard the same from a retired VP of a bank who happens to be CA paper checker as well . He says he has seen his fellow paper checker reducing the marks saying I took 11 attempts to clear the CA I cannot pass someone in first attempt however good the candidate is.
@@shwetasalige3083 wait what are you saying mam😲 I am also doin cs and giving 3 attempt icsi aslo doing same thing so I am now loose my confidence after seying my paper examiners cut my marks just to maintain icsi passing percentage 😢
So mam can you plzz,plzz🙏 guide me should I do acca or not
Dude there is a big category of people who don’t want to live in Indian and see themselves living abroad. For them CA has zero value. CPA and Acca is the best for global accounting jobs.
Thnx
Thank yu sir
Is it good idea for 36yr old to start CPA as a career change, as I feel stuck in sales job (BE Mech+MBA) with 37k/month inhand salary. I am getting so many calls from Zell/Miles/ Imarticus saying that it is doable expecting starting packages 7-10 Lakh/Annum.
Same here
Sir i m a CA qualified fresher
Sir is it worth to do CPA?
Sir please guide on pathway to high paying jobs for passionates in CA.
have you heard the news about upse
They have reduced the duration of the program which is fantastic
The value of each of these qualifications is with respect to geographical location. CA best for India, CPA , ACCA for abroad.
correct 100%
Please make video on CFA also
Sir what is the procedure for doing ca after becoming cpa ?
Thanks
Kya rajasthan Mai scope hai cpa ka ACCA ka?? Jobs opportunities kaha hai
Sir, could you please discuss about diploma in IFRS along with CA or without CA
Thats a side course. You can do if interested
@@caarihantbaid Will it be helping me in increasing the job prospects ?
🔥🔥🔥🔥🔥🔥🔥
Sir you said number of attempts matter? What does that mean, can you please elaborate?
These days number of final attempts matter because in campus placement, few top companies also have a condition on attempts otherwise they won't even shortlist
ANY GLOBAL COMMERCE COURSE > INDIAN CA
I remember applying to deloitte usi. And the requirements for applying was CA freshly qualified or CPA with 2 years of workex.
Kyuki CA me 2.5 saal ki articleship hoti hai jabki CPA saare exams pass karne ke baad job join karta hai.
@@bharatmaheshwarimusic ha
INDIAN CA is sufficient to work anywhere in the world. those who try to arm twist you. Just show them your middle fingure
@@MickyLion5527 nope you can't do that. Although you will have sufficient knowledge in the field but only acca is recognized by the industries abroad. Although its no big deal to get ACCA certified after CA.
@@MickyLion5527 i know many Indians and Pakistani CAs working in the gulf, in the gulf its quite relaxed but europe or America its a big No No, why would they hire Indian CA there?
🔥🔥🔥🔥🔥🔥
Sir four papers sirf isiliye hai kyu ki waha pe University education considered karte hai but indian ca me University education considered nahi hota that's a main reason of papers.
Sir can you make a video on CFA
CPA can only be started after graduation. So, it takes almost 5 years after 12th to become CPA.
It can be started after CA Inter too
Sir us cma course ke baara mai video banaye please
Hiii, I have done my distance Mba but now J want to do further studies...so anyone suggest me which course I have to do? like CPA or indian CMA...
100% cpa
You are talking about knowledge
Ki CA ka jyada rahega kyuki isme 20 subjects hai. But you did not mention the fact ki in 20 subjects me kitne outdated and irrelevant topics hai jo aaj ke time pe practical life me kuch bhi kaam nahi aane wale.
Accounts of CA inter is completely useless. They should cover Half of the Ind AS in CA inter and remove topics such as average due date account current etc ( These were there in IPCC when i did pass my IPCC). but aisa nahi kiya hua. This is just an exampleni have given. There many such topics and things which is not needed at all .
Average due date is in ca foundation 😂
@@gautamagarwal5236 when i did pass my CA ipcc it was in IPCC.
May be it is now shifted to Foundation level.
They are already updating it now. New course is coming
Pls let me say about acca bro i wamt to do acca pls give ur contact id i want to talk to you
13:32...💯👍
Is ACCA worth doing??
Hey guys if someone dont have budget do
Enrolled agent then collect money for cpa
5:04,6:27,11:15
Both are equivalent but the main difference is that ICAI is corrupted now.. their checking criteria is biased.
Why everyone saying its not rocket science..
Is rocket science is really hard?????
Yess
23 year me start kare to CA foundation because ACCA and CPA high cost I am confuse
ACCA is good enough, its not expensive , You can do self study for ACCA. and it can be completed in 3 lakhs.
@@akhilkatoch3191 how can we do self study can you please explain
For Someone who is stuck at final level
Its a great hedging strategy
Complete us cpa get placed continue ca grp wise along with job
But it's easier said than done 😅😂
Bro how can we do cpa.i passed group 1 in inter am i eligible for usa cpa.i don't have any degree
@@Ruthless_tej you can start cpa after graduation
@@shivamsinghal2384 what does graduation mean bro after class 12🤔🤔🤔
CPA ke baad koi CA nahi karne wala 😅
@@bharatmaheshwarimusic haha
Woh bhi sahi hai
Lekin jisko degree ka Junoon hai CA ki degree ka waise log CA ko parallely attempt karte rahenge 😅
Agar muje CPA k bare me pata hota , CA karta hi nahi 😅 they get higher or equal pay in less time
Bhai unki scope vs indian ca ka scope zamin asman ka farak hai
Sir, how about US CMA; it's scope & opportunities?
Not much in India currently I'm pursing CMA US but i have plans to shift UAE if you want shift gulf countries they accept US CMA very well you can get very good package but if you want to stay in India then also you can pursue US CMA but only if you are living in metro cities then you can get good opportunities slowly indian market also accepting US CMA you can work in MNCs
Also you can plan CPA after CMA that can be very good combination as many of seniors told me
Entigrity accenture and many MNCs hiring CMA US now
@@asimansari3964 what's the package of us cma
@@619ry7 if you are skilled enough probably 4-5 lakh if you are not skilled much you can expect 3-3.5 lakh
I am 20 years old should i pursue ca because pass percentage is low
Us cpa
Sir acca or cpa which is best ?.
From allahabad university
Also explain about us cma
If one does not hv a good articles hip experience than one can get a good job after becoming CA
If u r asking then it depends yaar your interviews n all baki average package mil skta hai
What's the scope of CA after ACCA?
bro just to let you know if you are ACCA or CPA US then you can easily get good jobs in multinationals in India , Middle East and all other countries Indian CA is good for getting job in India and if you want to open a CA firm but scope in foreign countries is limited
CPA ACCA definitely not for me... Can't even afford CA course... Had to do majority subject with Self Study.... Speaking Economically.. CA is best
But time is more expensive then money
@@sparkfacts5493 can't help it.. Only 3 yrs of CA left.. It's the same opportunity cost
@@vanshchhabra3199 you want to do job abroad
@@sparkfacts5493 won't turn down if I get one
@@vanshchhabra3199 meaning no
India need to update it's education system
There are 2 problems in the education system
First is education and 2nd is system
Which needed to be updated
??
How about doing ca+cfa ?
Yeah. Creator must also make a video about this
It is a deadly combination.
The package would go higher and you can also easily work in finance related jobs and investment banking.
@@itisharma4875 thankyou.what would be the expected starting salary of ca+cfa?
Can we call you Sir
Plz share number
At the end if you want to work in india then CA is okay
what do you mean...if we want to work in India then CA is best???
Moreover CPA is very Costly from indian standard..
Dimag thik Kara
Is CA along with CS worth it?
You can practice only one profession
So if you are doing cs then go with cs +LLb
7:08 that is not true at all , a lot of Cpa's etc get hired in Big4's . Usa's finance work gets outsourced to India nowadays like Kgs hires a lot of Cpa's.
sir can you please make a video on CA vs IIM(Integrated course)
Bro iim ke sath ca ko compare mat kar...iim ki insult ho jayegi
IIM any day
BBA bhi chlega bhi log, CA mat karo yaar, bahut harami log hai yaha 😭
😂😂
@akhil Katoch, with US CPA/ACCA you can't practice in india. CA coruse is designed to practice in India not in SOX.
Most of the CA students do their schooling in local state course and not from CBSE or ICSE, due to which they lack communication in english. But you won't find the same who are from ICSE or CBSE. Don't blame CA course for this. If they really lack knowledge you can blame CA course.
Communication is just a matter of language. I work with clients across globe, everyone have different accent of English. No one bother about that.
I wonder why people in India judge about communication in english?
One thing you should understand you can't make introverts speak. And you can't stop extraverts.
please please help me i want to know does CPA -USA helps to get salary equivalent to iim can we get or expectsa alry 3-00 50 lakh cpa as mba iim are expensive cant afford kindly kindly reply help me please ????
Can someone translate it to English?
Cost: CA is better.
Tenure: ACCA/CPA is better.
Scope in India: Starting package will be the same but eventually CAs will grow more than ACCA/CPA in India (in most cases). CA's signature has more powers than others and usually CAs are hired by Indian Companies, firms and Big 4s.
CA is cheaper and has more scope in India but it demands more time. So, if you are young you should definitely go for CA.
@@tusharbhatnagar5909 thankyou 🙏
Ca course 3 yr ka.... Good joke... Why you guys fail to say fact and reality...
It is of 3 years. Atleast research before speaking. People can't clear in first attempt easily is a different thing
@@RahulJain-ts1ye it is not..may you have any misunderstand.
@@RahulJain-ts1ye
Ca foundation 6m
Inter 8m
Articleship 2 yr= 24m
Final 6m
Total 44 months ka hai almost 4 year...
u are really baised for ca bcz its indian course !!! plz give honest opinion about everything
In one sentence in simple words.. CA bekaar course hai aur isse zyada vahiyaat course maine nhi dekha.
Hey don't say like this
Indian CA is atleast million times more advanced and rigourous than ANYTHING
Lmao, that’s why Nepalese who clear CA from India take 5-6 years just to clear two CAP 3 papers in Nepal for ICAN membership.
Most fail to ever pass and go corporate roles instead of practice.
Sure bro, Indian CA is that hard. Try CPA Australia with 70% pass marks or CPA USA without any course structure.
You’re a tool.
Lol
Let me know when you stop dreaming then we can have a sensible discussion.
bro there are atheist 10 exams in this world or courses which are much much more rigorous or difficult then CA , CA is lengthy because of articleship
Lol😂😂😂😂
Again a biased video and not having in-depth knowledge..I think you need to some research.
Yeh CA wale khud ka hi badhava karenge ki “CA yeh karta hai voh karta hai” but these people won't understand the fact the guy or a girl who has been stuck in the same course for many years or they are finding it difficult to cope with it or they have almost sacrificed their entire youth in just clearing these exams that particular candidate is also going through lots of mental pain
That's why I think if you are into that category then exploring the other career options like CPA or ACCA is best or maybe even MBA provided that you have a good financial condition
*Although CA is the best designation* but considering the difficulty and time consumption candidates do need to look out for the other career options
No degree no opinion please
@@omkarjadhav4645 rightly said.
CPA, ONTARIO IS equivalent to Indian Kindergarten
Are you on drugs?
@@sidvyas9810 yes
@Parth bhai tera cma inter hoagya?
Thnx