Which degree is the best with ACCA? - B.Com, M.Com, or BBA

Last Updated On -22 Oct 2024

Nothing is better for your career than certifications that cover all the knowledge and abilities required for the field you want to work in. Students often want to pursue a graduation degree after finishing their 12th class examination to meet the eligibility requirements for a professional degree.

If you select the ACCA course and you're unclear about the complementary degree you should go with, this blog will help you decide which degree is the best with ACCA - B.Com M.Com or BBA. Because doing these accounting courses concurrently with or following your graduation degree provides you with not just specific exemptions, but also extensive knowledge in your chosen field.

Advantages of ACCA With B.Com

Combining B.Com with ACCA opens numerous career options. Given below are some of the advantages of doing ACCA with B.Com:

Similarity in the Syllabus:

The first nine subjects of the ACCA course will be very similar to your college syllabus. As a result, the topics frequently overlap, and you do not need to study twice as hard to complete both courses. If you finish your accounting papers first, the B.Com papers will merely require review for preparation. It turns out you don't need to do much extra studying.

Benefits of Exam Flexibility:

Because ACCA tests are held four times a year, you have plenty of time to prepare according to your schedule, enhancing your chances of passing. Furthermore, the passing rate for ACCA is around 60%.

Complete it Alongside Graduation:

As a 12th-grade graduate, you can study for the ACCA course while also pursuing your commerce degree.

Professional Advancement:

The ACCA course prepares you for worldwide corporations, allowing you to operate in fast-paced workplaces and effectively integrate into global corporate culture. Your accreditation also allows you to travel across firms in other countries. You acquire accounting principles and practices as a young adult, but you have the experience and knowledge of a seasoned expert.

Starting Pay Higher Than B.Com:

According to a PayScale survey, executives working at top companies can expect an average ACCA salary in India of ₹ 5 lakhs - ₹ 20 lakhs per year, while entry-level employees can earn ₹ 3 lakhs - ₹ 10 lakhs per year (these figures vary depending on the sector and location of the workplace).

The average B.Com. wage in India is ₹275,000 per year, whereas entry-level employment is ₹220,000.

Develop key skills alongside graduating:

Though your B.Com course covers the fundamentals of accounting and finance, enrolling in ACCA will instil in you many skills that will help you flourish as a financial professional in the future. These include technical skills, professionalism and ethics, judgment, innovation, decision-making, communication and networking, and critical thinking.

Advantages of ACCA With M.Com

Most students do not opt for MCom with ACCA due to excess time commitment. This degree combination requires you to first complete your 10+2, then your 3-year B.Com, then another 2-year M.Com, and finally your ACCA degree. While the job options after M.Com are extensive, particularly when combined with ACCA, the time spent obtaining these degrees must be considered.

But there is no question that you will obtain a thorough understanding of accounting fundamentals. Wondering what the eligibility requirements are for an M.Com with ACCA?

A candidate must complete a three-year undergraduate (Bachelor) program in any stream from a UGC-recognized university.
Candidates who are in the final year of their Bachelor's program are also eligible to apply.
If you are pursuing an MCom with ACCA, make sure that the course progression allows you to claim all exemptions (students with an M.Com degree can claim up to nine exemptions).

M.Com Subjects

First-year:

Indirect Taxation, Insurance, and Risk Management
International Financial Management
Business Environment
Computer Applications in Business and the Legal Environment.

Second Year:

Management Accounting and Finance
Modern banking
E-Commerce
Economics of Global Trade and Finance
Corporate Financial Accounting

Total Fees:

₹ 5 lakhs per year (approx)

Advantages of ACCA With BBA

This accounting degree combo is more desirable than the B.Com and ACCA degree combo since it provides students with knowledge of the business administration process. Career chances after BBA are excellent, but when combined with ACCA, your opportunities are guaranteed to double. You can take these courses together and obtain up to nine exemptions, and ACCA with BBA requires a total of three years to finish.

Eligibility

The candidate should have finished 10+2 from any recognized board.
Candidates from all streams (science, arts, and commerce) may apply.
The minimum score you need is 45% (remember that admissions are dependent on merit, thus the higher your score, the better your prospects will be).

ACCA with BBA also allows you to get the most amount of exemptions, which totals nine papers.

BBA Core Subjects:

Financial Management Accounting
Marketing fundamentals
Business Structure
Management Principles
Business law
Human Resource Management
Organizational Behavior
Marketing
Entrepreneurship
International Business Management

Elective Subjects:

Marketing and Operations Research
Commercial Bank Management
Security Analysis
E-commerce
Digital Marketing
Advanced Sales and Distribution
Retail Management

Total Fees:

₹ 2.5 lakhs per year

While any graduating degree that includes accounting concepts will help you prepare for the ACCA exam, BCom and BBA are the best options. The deciding aspect is your level of interest. If you want to know which degree is the best with ACCA - BCOM MCOM or BBA, come join us at IIC Lakshya.

Frequently Asked Questions (FAQs)

Will I be able to manage ACCA and B.Com simultaneously?

Yes, indeed. You can plan your ACCA course around your academic timetable. With proper preparation and planning, you will pass both exams with flying colours and minimal worry.