CPA vs ACCA: Key Differences, Scope, and Course Comparison - Which is Better?

Deciding on a professional qualification in accounting can feel overwhelming, especially when choosing between CPA and ACCA. Both qualifications are globally recognised and open the doors to excellent career opportunities, but the right choice depends on your personal goals, location, and industry focus. Let us break down the details of each qualification to help you make an informed decision.

What is ACCA?

The Association of Chartered Certified Accountants (ACCA) is a prestigious certification for aspiring finance and accounting professionals. Recognised in over 180 countries, ACCA equips candidates with a strong foundation in accounting, auditing, and finance. This certification is highly sought after in regions like the UK, Europe, and Asia, making it ideal for professionals seeking global exposure.

To pursue ACCA, candidates must have completed their 10+2 education or an equivalent qualification. The course consists of 13 papers covering topics like taxation, financial management, and performance measurement, usually completed within 2-3 years. The flexibility of ACCA allows students to study while working, making it a popular choice among professionals.

ACCA professionals are often employed as financial analysts, auditors, or consultants in industries ranging from banking to consulting. They are highly valued for their expertise in financial reporting and their ability to work across different regulatory environments.

What is CPA?

The Certified Public Accountant (CPA) is another globally respected qualification, primarily recognised in the USA. It is designed for those aiming to excel in auditing, taxation, and compliance roles. CPA certification is highly valued in the USA, Canada, and parts of the Middle East.

To qualify for CPA, candidates must hold a bachelor’s degree and complete 120-150 credit hours in accounting-related subjects. The CPA course is shorter than ACCA, typically taking 1-1.5 years to complete. With a curriculum focused on US laws and regulations, CPA professionals are in demand for high-level roles such as tax consultants, auditors, and financial controllers.

This qualification is an excellent choice for those looking to work in the USA or multinational firms with operations in the region. It is also known for its rigorous standards and a strong emphasis on ethics and professionalism.

CPA vs ACCA: Key differences

If you are wondering how these two qualifications differ, here is a detailed comparison to help you decide:

Aspect	CPA	ACCA
Recognition	Primarily USA, Canada, Middle East	UK, Europe, Asia, Middle East
Eligibility	Bachelor’s degree with credit hours	10+2 or equivalent
Duration	1-1.5 years	2-3 years
Exam structure	4 exams	13 exams
Job roles	Auditor, Tax Consultant	Financial Analyst, Auditor
Salary range (INR)	Rs. 6,00,000 –Rs. 20,00,000 annually	Rs. 4,50,000 – Rs. 15,00,000 annually

Both qualifications are prestigious, but their suitability depends on your career goals. While CPA is ideal for those targeting the US market, ACCA provides broader global flexibility.

Which has better scope, CPA or ACCA?

When comparing the scope of CPA and ACCA, it is essential to understand the demand and recognition in various regions. ACCA offers better flexibility for professionals aiming to work in diverse industries across multiple countries, while CPA is tailored for those seeking opportunities in the US.

Parameter	CPA	ACCA
Global recognition	High in the USA, Canada	High in the UK, Europe, and Asia
Flexibility	Less flexible, US-focused	Broader recognition, highly flexible
Industries	Accounting, Taxation	Finance, Auditing, consultancy

In India, ACCA tends to offer more opportunities due to its recognition in Asia and Europe. However, for those targeting US-specific roles, CPA remains the better option.

Which course is better, ACCA or CPA?

The decision between CPA or ACCA depends on your individual career goals.

If your aim is to work in the USA or for a multinational company based in the region, CPA is the preferred choice. The shorter duration and higher earning potential in the US market make it an attractive option.

On the other hand, ACCA is perfect for professionals seeking a global career in finance, accounting, or consultancy. It offers a flexible structure, making it easier for students and working professionals to balance studies and work.

Conclusion

Both CPA and ACCA are excellent qualifications that open doors to rewarding careers. The choice ultimately depends on where you want to work and the type of roles you are aspiring for. Evaluate your career goals, consider the regions you aim to work in, and assess the industry demand before making your decision.

Whether you choose CPA or ACCA, ensure your financial goals align with your educational aspirations. With the right resources, such as a CA loan from Bajaj Finance, you can focus on achieving your dream career without financial worries.