What do ACCAs Actually Do? Roles, Responsibilities and Remuneration
ACCA-qualified professionals are trained not only to manage financial systems but also to shape policy, offer critical insights in business planning, and ensure compliance in complex regulatory landscapes
In the evolving global economy, professionals with robust financial acumen and ethical grounding are in high demand. Among the most sought-after qualifications in this domain is the ACCA—Association of Chartered Certified Accountants—a global professional body that opens doors to expansive opportunities in accounting, finance, and business. But what exactly do ACCA professionals do?...
In the evolving global economy, professionals with robust financial acumen and ethical grounding are in high demand. Among the most sought-after qualifications in this domain is the ACCA—Association of Chartered Certified Accountants—a global professional body that opens doors to expansive opportunities in accounting, finance, and business. But what exactly do ACCA professionals do? And what kind of remuneration do they earn across different stages of their careers and geographies?
This article delves deep into the roles, responsibilities, and earning potential of ACCAs in India and abroad—giving you an informed understanding of their place in the professional world.
Understanding ACCA: More Than Just a Credential
The Association of Chartered Certified Accountants (ACCA) is a leading international body headquartered in the UK. It offers the Chartered CertifiedAccountant (CCA) qualification, which is recognized across more than 180 countries. Unlike many domestic accountancy certifications, the ACCA credential comes with a global lens—balancing technical knowledge with strategic thinking, ethical practices, and sustainability-focused decision-making.
ACCA-qualified professionals are trained not only to manage financial systems but also to shape policy, offer critical insights in business planning, and ensure compliance in complex regulatory landscapes.
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Core Responsibilities of ACCA Professionals
The versatility of ACCA qualifications allows members to fit into varied roles across sectors. Some of their key responsibilities include:
1. Financial Reporting and Auditing
ACCA professionals handle the preparation, analysis, and interpretation of financial statements in compliance with international standards such as IFRS. They often lead audit teams in examining company accounts and ensuring accuracy and transparency.
2. Taxation and Compliance
Many ACCAs work as tax advisors, assisting clients and companies in navigating complex taxation laws—both domestic and international. They help ensure full legal compliance while optimizing tax outcomes.
3. Management Accounting
Strategic decision-making is another core area where ACCAs shine. By budgeting, forecasting, and conducting cost-benefit analyses, they help organizations enhance efficiency and profitability.
4. Risk Management and Internal Controls
From identifying financial risks to setting up effective internal controls, ACCA members play a pivotal role in building resilient business models.
5. Advisory and Consultancy
In corporate finance and advisory roles, ACCAs evaluate investment opportunities, mergers, acquisitions, and restructuring plans—offering data-backed insights.
6. Sustainability and ESG Reporting
With growing emphasis on Environmental, Social, and Governance (ESG) criteria, ACCAs are increasingly involved in preparing sustainability reports, measuring long-term value creation beyond balance sheets.
ACCA’s Broader Contributions
Beyond individual roles, the ACCA body plays an institutional role in shaping the profession:
- Setting Global Standards: ACCA develops and promotes international educational and ethical standards.
- Professional Development: Offers continuous learning through CPD programs, seminars, and online courses.
- Collaboration: Works with governments, regulators, and employers to influence accounting frameworks.
- Research and Advocacy: Conducts global studies on emerging financial trends, digital innovation, and sustainability.
- Capacity Building: Supports skill development in developing countries, thus strengthening global financial systems.
What is the Salary of ACCAs in India?
India’s finance sector has rapidly globalized, and with it, demand for internationally qualified professionals has surged. The ACCA qualification is increasingly seen as a global counterpart to the Indian CA designation.
Entry-Level Salary
Fresh ACCA affiliates, often with little to no experience, can expect an initial package of ₹4 to ₹8 lakhs per annum. Factors like job location, company profile, and academic performance can cause variation.
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Average ACCA Salary in India
On average, ACCA professionals in India earn between ₹6 to ₹15 lakhs per annum. Net monthly earnings typically range from ₹40,000 to ₹1,25,000 post deductions.
Senior-Level Salaries
For those in leadership roles like Finance Manager or CFO, salaries can reach ₹19 to ₹30 lakhs annually—and even beyond for large corporations and multinationals.
Salary by Experience Level
Factors Influencing ACCA Salaries in India
Several variables contribute to the wide salary spectrum:
- Experience: More years in the field often mean higher earnings.
- Location: Major cities like Mumbai, Delhi, Bengaluru, and Hyderabad offer better packages but come with a higher cost of living.
- Industry: Sectors such as banking, fintech, consulting, and FMCG tend to pay more.
- Job Role: Auditors and financial analysts may earn less than investment advisors, controllers, or directors.
- Certification Status: Fully qualified ACCA members earn more than those who are still affiliates or pursuing the qualification.
ACCA Salary for Freshers
Fresh graduates who have completed their ACCA exams can earn between ₹4 to ₹6 lakhs per annum. With additional credentials or internships, this can increase to ₹6–8 lakhs per annum. Though the starting point may seem modest, ACCAs typically climb the ladder faster due to the qualification’s global relevance.
What is the Salary for ACCAs Globally?
ACCA professionals have strong international mobility, and their salaries reflect the maturity of the market and the local demand-supply dynamics.
Salaries by Region (Approximate Monthly Figures):
- United Kingdom: £2,500 – £7,500
- United Arab Emirates: AED 12,000 – AED 35,000
- Singapore: SGD 4,000 – SGD 12,000
- Australia: AUD 5,000 – AUD 13,000
- Canada: CAD 4,000 – CAD 10,000
Top management roles such as Finance Directors or CFOs in global cities like London or Dubai can easily cross $150,000–$250,000 annually, depending on the organization.
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The Global Appeal of ACCA
With more than 241,000 members and 542,000 future members across 180+ countries, ACCA professionals are a global community driving sustainable financial excellence. Their diverse roles cut across industries—be it corporate, public sector, development agencies, or non-profits.
In India, where businesses increasingly interact with international markets and financial ecosystems, ACCAs bridge the skill gap with globally aligned training, ethics, and leadership capabilities.
Conclusion
Becoming an ACCA is more than acquiring a qualification—it’s stepping into a global fraternity committed to financial integrity, strategic vision, and professional excellence. While the initial investment of time and resources is significant, the long-term career benefits and financial returns justify the commitment.
For students and professionals eyeing a future in finance that transcends borders, the ACCA designation is an intelligent and future-forward choice.
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