As youngsters, we all thought that crunching numbers and dealing as an accountant was a profession ideal for nerds. But now the planet is evolving at a quick pace so is the finance and accounting profession. Today, we've distinguished accounting courses that provide not only exciting challenges but also global opportunities. Two of those appearing professions are Association of Chartered Certified Accountants and Company Secretary. If you've got heard about these courses and aren't sure which one to choose ACCA vs CS based on your course length, difficulty level, scope, and salary, then we are visiting to make it simple for you with some common differences.
What is ACCA?
The Association of Chartered Certified Accountants
(ACCA) may be a UK-based accountancy course recognized worldwide. ACCA is accepted in over 180 countries, and you'll become an accountant in six months to 2 years, counting on the exemptions you receive and the way quickly you learn and pass the exams.
ACCA provides its candidates with expertise in various accounting concepts, including financial reporting, taxation, strategic business reporting, auditing, etc. Students will equip themselves with these concepts with a worldwide perspective and acquire skills to figure globally.
What is CS?
or CS may be a comprehensive accounting course. The role of the corporate secretary is to act as a liaison between all stakeholders within the company, including government bodies, stakeholders, and therefore the company's board of directors. CS is an India-based course; it takes 2-3 years to become a corporate secretary. After becoming a CS, you become knowledgeable with knowledge within the legal, accounting, and financial sectors.
Aspects of ACCA
ACCA's organizing body is the Association of Chartered Certified Accountants Body, UK.
The ACCA course
has three levels.
- Applied Knowledge Level
- Applied Skills Level
- Professional Level
It can take 2-3 years.
The ACCA exemptions
allow you to get up to nine after you complete your Chartered Accountancy course, meaning you’ll only need to give four exams.
The eligibility criteria of ACCA
Average Passing Percentage
- You must pass your 12th exams with 65% aggregation in English, Accounts/Maths.
- You must have passed your 12th exam in at least 50% of the remaining subjects.
ACCA’s difficulty level is modest, and therefore the passing percentage is 30%-40% on average.
After completing ACCA job opportunities
- Finance Manager
- Financial Accountant
- Corporate Treasurer
- Management Accountant
- Financial Controller
The basic salary of ACCA professionals ranges between 7 LPA to 18 LPA.
ACCA is recognized
in over 180 countries worldwide.
Aspects of CS
CS’s organizing body is the Institute of Company Secretaries of India.
The Company Secretary course has three levels.
- Foundation Course (This level is for undergraduates only).
- Execution Program
- Professional Program
The duration to finish CS is 2-3 years.
Candidates who have completed a cost accounting course may be exempted from the CS core course.
The eligibility criteria for CS are as follows:
Average Passing Percentage
- If you are entering through the basic (Foundation) level, you must have passed your 12th exam.
- You must have completed Foundation Level or Graduation/CSEET to enter through Executive Level.
The difficulty level of CS is high hence, the pass percentage is 10%-40% on average.
After completing CS, you can consider many job profiles, including:
- Legal Advisor
- Company Registrar
- Tax Management Officer
- Corporate Policymaker
- Principal Secretary
- Chief Administrative Officer
- Corporate Planner
Compare to ACCA the average salary of a CS professional ranges between 6-10 LPA less then ACCA.
CS is recognized in many countries, including Hong Kong, the UK, Malaysia, Singapore, etc.
Why does one have to Pursue ACCA?
More Job Opportunities
Compare to CS demand for ACCA professionals has increased in companies worldwide because the financial industry features a growing need for individuals with top theoretical and practical skills such as ACCA. A Chartered Certified Accountant is given a set of skills that allow one to evaluate the current financial situation of a business and create effective plans for significant improvement.
Impressive Salary Package
Qualifying as an ACCA
professional will significantly increase your earning potential. The USA is one of the top-paying countries for ACCA professionals. For US ACCA jobs, the essential professional salary is around $11,500 and thus the top salary for experienced professionals is around $154,500.
On average, ACCA professionals earn $81,000 within the US. Your salary will vary relying on your job profile.
Comprehensive qualifications for better job prospects
The ACCA study material covers various topics related to the business industry, including taxation, financial management, auditing, professional ethics, law, management accounting, etc. Equipped with a plethora of skills, ACCA professionals are empowered to work in a variety of job role areas.
The simplest and most professional ACCA Course For You
Their team of qualified and experienced teachers will ensure you become an ACCA-qualified professional
in no time and be ready to rule the financial world from day one.
Why Should You Pursue CS?
Growing demand in the corporate market
The demand for company secretaries is increasing rapidly day by day. This is because the CS job role is highly valuable to the company as the company secretary has to serve and manage the internal affairs of the corporate industry. Company secretaries play a vital role in the smooth and lawful functioning of a company, which means that every company requires a company secretary to manage various important aspects of its business.
Senior Job Profiles
The role and position of CS in society are impressively high. Company secretaries are respected professionals who advise the company's board of directors in making important company decisions. CS participates in all decisions and negotiations of the company. The opinion of the company secretary is highly valued, and he is also responsible for making decisions about acquiring or selling shares.
More Lucrative Career
You will have a highly lucrative career as a CS professional. CS professionals earn an average of 8-12 LPA at entry level and the packages increase with different job profiles and as your experience level increases. Furthermore, CS professionals are valued, respected, and highly sought after in the corporate market.
ACCA vs CS - Which Course is Better and Tough?
ACCA and Company Secretary, both professions have a better scope. However, if you consider the global recognition and salary offers you can get all over the world, ACCA is the better. Compare to both courses CS is tough because ACCA deals with accounting and global challenges related to the field of accounting. CS on the other hand has a mix of financial, accounting, and legal concepts.
The demand for both these professions is extremely high as every company today requires ACCA or CS to manage their finances, international transactions, and cash flows.
If you want to study ACCA, you should enroll in CFO Next's ACCA course
to be instructed by experienced mentors who will guarantee that you become a competent professional with an exceptional skill set.