ACCA and CPA?

Question

What is the difference between these two? and which one is better?

Answer 1

ACCA and CPA are both designationatory letters in professional accountancy. All the letters indicate is which accounting body you qualified with.

ACCA (The Association of Chartered Certified Accountants) is a UK based international accounting body. Accountants qualified through the ACCA are known as 'Chartered Certified Accountants' and carry the designatory letters 'ACCA'.

'Certified Public Accountants' on the other hand carry the 'CPA' designatory letters. While there is only one ACCA body in the world, there are several CPA bodies worldwide. I can only give you a more comprehensive answer once I know which specific CPA body you have in mind.

The biggest difference will probably be in terms of international transferability as the ACCA has a presence in literally hundreds of countries. Benefits of a local CPA designation could include better local market or legal recognition This isn't isn't always the case though; in some countries for instance, virtually all their CPA's are ACCA's (e.g. because you can't become a CPA without completing your ACCA exams first)) whilst in others, becoming an ACCA automatically entitles you to use the CPA designation. Which CPA body are you thinking of?

Answer 2

ACCA is for Individuals Who-have Acquired Their Chartered Accountants designation Which is Generally accountants in public practice Who are. CPAis geared specifically Towards members in industry-have Who Passed the CIMA qualification exam

Answer 3

there is no different profession.