Introduction
The field of accounting and finance offers a wide range of career opportunities, and as a result, the ACCA (Association of Chartered Certified Accountants) qualification has become increasingly important in today’s competitive job market. Moreover, Mumbai, the financial hub of India, is witnessing a growing demand for ACCA professionals who possess the necessary skills and expertise to thrive in the industry. In this blog, we will explore the ACCA course in Mumbai, its benefits, course providers, curriculum, job prospects, and practical experience requirements.
Understanding the ACCA Course
ACCA is an internationally recognised certificate that is in high demand among businesses worldwide. ACCA offers ambitious individuals with the most relevant accounting abilities as well as in-demand skills necessary in modern business practice, whether you want to pursue a career in accountancy, finance, or take on a management role. As a graduate, you can pursue a variety of careers in general practice or a more specialised sector, such as auditing, taxation, corporate finance, company recovery, forensic accounting, and more.
ACCA Course in Mumbai: Curriculum and Exam Structure
The ACCA Exam has three levels: Knowledge Level, Skill Level and Professional Level.
Knowledge Level:
- Accountant in Business (AB)
- Management Accounting (MA)
- Financial Accounting (FA)
Knowledge level examinations are completely objective, computer-based online tests. You have two hours to complete a 100-mark question paper. Exams are available all year through on-demand Computer Based Exams.
Skill Level:
- Corporate and Business Law (LW)
- Performance Management (PM)
- Taxation (TX)
- Financial Reporting (FR)
- Audit & Assurance (AA)
- Financial Management (FM
In a written format, Skills Level examinations are 60% descriptive and 40% objective. You have 3 hours to complete a 100-mark question paper. Exams are administered in March, June, September, and December.
Professional Level:
- Strategic Business Leader (Essential) (SBL)
- Strategic Business Reporting (Essential) (SBR)
- Advanced Financial Management (AFM)
- Advanced Performance Management (APM)
- Advanced Taxation (ATX) Advance Audit and assurance in professional level (AAA)
Professional Level examinations are written exams that are 100% descriptive and case study based. You have one hour to complete a 100-mark question paper. Exams are administered in March, June, September, and December.
Benefits of Pursuing ACCA course in Mumbai
Pursuing the ACCA course in Mumbai opens up a plethora of benefits. Firstly, it enhances career prospects and offers global opportunities, allowing professionals to work in renowned organizations around the world. The ACCA qualification also provides recognition and credibility, boosting the confidence of individuals in their accounting and finance knowledge. Moreover, ACCA offers flexibility in career choices across industries, enabling professionals to explore diverse sectors such as auditing, taxation, consulting, and more. Additionally, ACCA membership provides access to a vast network of professionals and continuous professional development opportunities.
ACCA Course Providers in Mumbai
Mumbai houses several reputable institutions and training centres that offer ACCA courses. Prospective students can compare factors such as course fees, study materials, and faculty expertise when choosing the right provider. Moreover, it is crucial to consider student feedback and testimonials to make an informed decision and ensure a high-quality learning experience. Therefore, we have shortlisted some ACCA institutions for you to check out:
1. Zell Education
Zell Education is a leading institution offering professional courses and training programs providing both online and classroom mode of learning. It is an approved Platinum Learning partner of ACCA as well as the largest ACCA trainer in South East Asia. Moreover, they boast an 80% pass rate and 100% placement assistance. They offer 3 modes of learning- Pro (weekdays), Premium (weekends) and Lite (self-paced).
Fees: Rs. 52,000 – Rs 1,57,500 (EMI Options starting at ₹9,000/month)
Study Materials: Pre-recorded lectures & pre-learning, Free soft skill courses and Unit & mock tests for practice.
Faculty: Exclusive ACCA Qualified Faculty
You can refer to its Brochure for more details.
2. EduPristine
EduPristine is a member of Adtalem Global Education (NYSE: ATGE), a global education provider headquartered in the United States. Moreover, they are the largest and an approved training provider for ACCA Exams, providing training to over 5000+ professionals and students every year. Additionally, they provide Practical & Experiential training and Soft Skills training to make you Exam and Market ready. Their program can be accessed through three alternatives- Classroom training, Live Virtual Training and Self Study Package.
Fees: Rs. 2.20 Lakhs (2 years)
Study Materials: 1100+ hours of instructor-led classroom training, Learning content by Kaplan, Inc. 24*7 online access to program materials, Access to 1100+ hours of exclusive recordings Kaplan Exam Kit for each subject and mock, 1100+ hours of live online training, Self-paced learning content by Kaplan, etc.
Faculty: A faculty pool of 250+ industry experts.
You can refer to its Brochure for more details.
3. IMS Proschool
IMS Proschool’s GPA (Global Professional Accountant) Program is one of the best ACCA courses in Mumbai which not only helps you ace your ACCA exams but also makes you job ready by teaching you skills such as Financial Modelling and giving you various placement opportunities.
Fees:
- GPA Comprehensive (3 yrs): Rs. 2,50,000
- GPA (3 yrs): Rs. 1,80,000
- GPA Gateway (1.5 yrs): Rs. 1,00,000
- GPA Professional (1 yr): Rs. 1,00,000
Study Materials: Kaplan Study Text in Hard Copy, 3 Mock Exams
Faculty: Experienced professionals with several years of Industry and Consulting experience as well as remarkable academic backgrounds
You can refer to its Brochure for more details.
4. Financial Planning Academy
FPA is a gold-approved learning partner & authorized CBE centre for the Borivali location. Moreover, they have a decade-plus of expertise in providing Banking & Financial Services related training having trained 6,00,000+ professionals across 58 countries. They provide comprehensive support until ACCA exams are cleared and 100% job placement assistance & support in obtaining an ACCA license.
Fees: Rs. 5,00,000
Study Materials: Comprehensive online learning management system and online live, pre-recorded & face-to-face classes as well as ACCA-approved study material for teaching.
Faculty: All trainers are ACCA or CA-certified professionals
You can refer to their Brochure for more details.
Study Resources and Support
To excel in the ACCA course, students can access a variety of study resources such as recommended textbooks, online platforms, mock exams as well as practice questions. Moreover, the guidance of experienced tutors and mentors is invaluable in understanding complex concepts. Engaging with supportive study groups and student communities also aids in knowledge sharing and problem-solving.
Job Prospects and Career Opportunities
ACCA graduates in Mumbai can explore diverse job opportunities in Accounting and Finance, including roles such as Financial Analyst, Tax Consultant, Auditor, and Financial Manager. The demand for ACCA professionals is high in both national and international organizations, offering attractive salary packages and growth potential
Practical Experience Requirement (PER)
ACCA recognizes the importance of practical experience alongside theoretical knowledge. Therefore, the Practical Experience Requirement necessitates gaining relevant work experience with approved employers or organizations. Mumbai provides numerous opportunities for ACCA course students to fulfil this requirement, enabling them to apply their knowledge in real-world scenarios.
Challenges and Tips for ACCA Students in Mumbai
Balancing work, studies as well as personal commitments can be challenging for students pursuing ACCA course in Mumbai. Therefore, overcoming exam stress and effectively managing time are crucial for success. Seeking guidance and support from peers, mentors, and online communities can, however, greatly assist students in navigating these challenges.
Conclusion
In conclusion, pursuing the ACCA course in Mumbai can unlock a world of opportunities in the accounting and finance field. The qualification offers numerous benefits, including enhanced career prospects, global recognition, as well as flexibility in career choices. Moreover, Mumbai’s prestigious institutions provide the necessary support and resources for ACCA aspirants to excel in their studies. Therefore, with dedication, perseverance, and practical experience, ACCA graduates can embark on a rewarding and successful career journey.
