ACCA Vs. EA: A Complete Comparison
The confusion among students prevails while selecting a finance course. The need for finance professionals is getting higher globally, and prestigious certifications are the means to climb the success ladder. If you dream of a finance career, an ACCA vs. EA comparison can help you in decision-making.
ACCA and EA are two finance courses that have scaled the popularity chart. While ACCA prepares a candidate to begin their career at a lightning-fast rate, EAs are opted for by candidates who want to make a career in the field of tax and everything related to it. A sneak peek into ACCA vs. EA on different variables can give you an idea of which course is ideal for you.
What is ACCA?
ACCA is a globally popular certification that has kept students busy and inquisitive. Becoming a top professional and filling coveted job roles as a finance professional in different industries is necessary.
● To become eligible to sit for the Enrolled Agent paper, you must be at least 12th passed. Based on prior academic qualifications, some exemptions can be made.
● In ACCA vs EA exam patterns, there are thirteen examinations in total for ACCA. These are divided into Knowledge, Skill, and Professional Levels and are exams based online.
● The course for ACCA covers many important subjects, including taxation, business management, auditing, and accounting.
Those who complete ACCA certification can gain competence in handling various subjects, including:
● Financial Management
● Accounting Management
● Auditing
● Taxation
● Cost Management
● & the like
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What is EA?
It means Enrolled Agent (EA) certification, which the Indian Revenue Service, IRS, confers.
● You need a Preparer Tax Identification Number to be eligible.
● The certification exam is divided into 3 different parts, covering
✔ Tax preparation for individuals,
✔ Tax preparation for businesses,
✔ Tax representation before the IRS.
These are the subjects covered in the EA curriculum.
● Tax professionals who are Enrolled Agents are regarded to have specialised competence in tax matters. They can get complete rights to practise as legal representatives/agents of taxpayers before the IRS.
● With the EA licence, they can get the chance to work at tax offices, accounting firms, and various other businesses. They can also earn more money for the same work they were handling already as a tax preparer.
ACCA Vs. EA: Which One Should You Go For?
The answer depends on several ACCA vs. EA factors. ACCA can be your course if you want to draw a higher average annual salary after passing out. Right from the entry level, you can draw a higher amount every year after obtaining this certification.
If you want a certification, you can wind up early; EA can be the one.
However, the duration of studying and completing ACCA might be a little longer, but once you are through, you can explore endless possibilities in the global finance industry. You can open doors to top multinational companies and accounting firms across the globe.
Conclusion
Whether you want to opt for ACCA or EA depends on your specific requirements. However, you need to make adequate study preparation to be able to crack both exams successfully. Choose a top online coaching centre for the necessary guidance, study materials, tips, etc. and maximise your chances of success.
Financial Auditor at IVBM Pvt Ltd | Expertise in Sustainability Audit and Financial Audit | B.COM | ACCA | CMA
5moNot logic existing in comparing EA with Acca