The Accounting industry offers you various opportunities to learn via various courses. CPA, also known as Certified Public Accountant, possesses a statutory status in the United States and has several branches across the states. The American Institute of Certified Public Accountants (AICPA) holds the Certified Public Accountant (CPA) exam which is recognized across the globe for its competence. The CPA examination is conducted by the American Institute of Certified Public Accountants (AICPA). Now which one to go for…I wish you all the luck! It has 5 modules: Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, and Financial Management. • Unlike CPA, ACCA offers educational programs leading to professional accounting qualifications. Both ACCA vs CPA degrees require a minimum qualification of graduation. Since it is not possible to say which course you should target, it’s your decision which one is better for your career or which is more suitable to your academic qualification. ERP®, FRM®, GARP® and Global Association of Risk Professionals™ are trademarks owned by the Global Association of Risk Professionals, Inc. CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by EduPristine. A Certified Public Accountant is the highest standard of competence in the field of Accountancy across the globe. You can choose which one suits your academic and practical requirement. The ACCA or the Association of Chartered Certified Accountants is a body that recognizes the qualification of a CA. ACCA is the short form for Association of Certified Chartered Accountant and this course is offered by the Association of Chartered Accountant and the candidates who pass this course will have skills in taxation, auditing, handling accounts, management accounting, etc while CPA stands for Certified Public Accountants and this course is offered by Royal Charter. It is a 14 hours Uniform CPA Examination. A CPA certificate holder is required to undergo practical training for a year or two under a licensed CPA and this ensures that the candidate has enough practice and creates a great no of contacts in this field before he is on his own in this industry. However, if you’re seeking an accounting job in the U.S., don’t overthink and go for the CPA. CPA Ireland offers its own CPA qualifications and has mutual recognition agreements with accountancy bodies in countries like Australia, Canada, and India. Period! CPA Australia and The Taxation Institute of Hong Kong (TIHK) have entered into a memorandum of understanding (MOU) which is effective until 31 December 2020. ACCA has an office in Sydney and holds exams in major cities including Sydney, Melbourne, Perth, Adelaide and Brisbane. It has 3 modules: Accountant in Business, Management Accounting and Financial Accounting. The eligibility to sit for the CPA examination depends on the state for which you want to obtain the license. To become a Member of ACCA, on top of ACCA Professional qualification, you need at least 3 years of relevant work experience and complete a Professional Ethics module, which is conducted online. • CPA license is specific to a state in US, whereas ACCA is global. CFA® And Chartered Financial Analyst® Are Registered Trademarks Owned By CFA Institute.Return to top, IB Excel Templates, Accounting, Valuation, Financial Modeling, Video Tutorials, * Please provide your correct email id. GARP does not endorse, promote, review or warrant the accuracy of the products or services offered by EduPristine of GARP Exam related information, nor does it endorse any pass rates that may be claimed by the Exam Prep Provider. CFA Institute Does Not Endorse, Promote, Or Warrant The Accuracy Or Quality Of WallStreetMojo. CPA Australia is also recognized internationally. ACCA (Association of Chartered Certified Accountants) was initiated in the year 1904 and is based in the United Kingdom. Still, in case you feel that there is any copyright violation of any kind please send a mail to and we will rectify it. ACCA is a global body based in Glasgow UK which works in the interest of the public to ensure that the chartered accountants work according to the principles-based and ensures that the regulations set are properly followed. The essentials are Governance, Risk and Ethics, Corporate Reporting, and Business Analysis. ACCA provides you skills and knowledge about all areas of business, financial statements, management accounting, business taxation and also business ethics. The ACCA offers the certification in chartered accountancy and the exam known as ACCA is most recognized in the commonwealth countries. Each state has its own licensing requirements and pattern of the exam as none of them is controlled by any centralized body. Filed Under: Education Tagged With: ACCA, acca and cpa, acca definition, AICPA, Association of Chartered Certified Accountants, become a certified public accountant, become a CPA, Certified Public Accountant, CPA, CPA Australia, CPA Canada, cpa definition, CPA Ireland, CPA license. Book a career counselling session with us! In Australia, it denotes Certified Practising Accountants. However, CPA denotes different bodies in different countries. The organization is involved in the preparing process and provides a list of ACCA approved Learning Partners to ensure you come out with flying colors in the exam. By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to our Privacy Policy, Black Friday Offer - All in One Financial Analyst Bundle (250+ Courses, 40+ Projects) View More, All in One Financial Analyst Bundle (250+ Courses, 40+ Projects), 250+ Courses | 40+ Projects | 1000+ Hours | Full Lifetime Access | Certificate of Completion, Association of Chartered Certified Accountants. The MOU enables candidates who have completed the Hong Kong Tax Paper or PRC Tax Paper of the Certified Tax Adviser Qualifying Examination conducted by TIHK (CTA) to receive a non-specified elective exemption in the CPA Program. CA vs CPA, which is better? Based in the United States of America, the history of CPA dates back to the 1800’s when it first started out.