Choosing between an ACCA course and a Master’s degree in Accounting is one of the most important decisions for aspiring finance and accounting professionals. While both qualifications open doors to rewarding careers, they differ in structure, global recognition, and long-term benefits.
In this blog, we’ll compare ACCA and a Master’s in Accounting in terms of cost, duration, career paths, and global opportunities to help you decide which path aligns better with your professional goals.
Table of Content
Is ACCA Better Than a Master’s Degree in Accounting? Detailed Comparison
What is ACCA?
What is a Master’s Degree in Accounting?
Key Differences between ACCA and a Master’s in Accounting
Which is Better: ACCA or a Master’s in Accounting?
Why Should You Choose ACCA in Nepal?
Why Study ACCA at Bright Academy?
Conclusion
FAQs
What is ACCA?
The Association of Chartered Certified Accountants (ACCA) is a globally recognised professional accounting qualification focused on preparing students for careers in accounting, auditing and finance.
The ACCA course is divided into three levels: Applied Knowledge, Applied Skills and Strategic Professional, covering technical and strategic modules. The ACCA course typically takes 2.5 to 3 to complete, while part time students may take longer up to 4 to 5 years depending on their exam pace. It includes both exams and a practical experience requirement.
What is a Master’s Degree in Accounting?
A Master’s degree in Accounting is an academic qualification offered by a university after completing undergraduate studies, offering advanced coursework in accounting theories, business management and research skills.
These programmes usually last 1 to 2 years full‐time, following a structured academic calendar with lectures, assignments, exams and often a research project. While they offer broad business and accounting knowledge, they typically have less flexibility in pace and are more theory-oriented than professional qualifications like ACCA.
Key Differences between ACCA and a Master’s in Accounting
| Aspect | ACCA | Master’s in Accounting |
| Qualification Type | Professional certification awarded by a global organization | Academic degree awarded by a university |
| Focus | Technical, practical accounting, auditing and finance | Broad academic education, including electives in business fields |
| Duration & Flexibility | Approximately 2.5 to 3, while part time students may take longer up to 4 to 5 years; self-paced study is allowed | 1 to 2 years full-time with a structured schedule |
| Cost | Generally lower overall cost: Pay ACCA Global fees and tuition at learning centers | Typically higher tuition and associated university fees |
| Global Recognition | Recognised in 180+ countries | Recognition often depends on university reputation and country |
| Career Path | Ideal for accountant, auditor, tax and finance roles | Offers broader career options including management, teaching, and research |
Which is Better: ACCA or a Master’s in Accounting?
Choosing ACCA is often the smarter choice if you want to start a career directly in accounting or finance, especially in international companies. It focuses on practical skills, professional knowledge, and prepares you for roles like auditor, tax consultant, or finance executive. Its flexible study schedule allows you to learn at your own pace and gain global recognition.
On the other hand, a Master’s in Accounting is better if you prefer learning in a university environment and want a broader understanding of business. It covers accounting, finance, and management subjects, allowing you to explore careers in corporate finance, auditing, banking, teaching, or other business-related fields. This path is structured and ideal for those who value a traditional academic experience.
Why Should You Choose ACCA in Nepal?
In Nepal, the demand for globally recognised accounting professionals is growing rapidly. ACCA offers a competitive edge for those who want international opportunities, strong practical skills, and a path into big companies and multinational firms. With lower fees compared to many full-time degrees, flexible study options, and high value among employers, ACCA is a great choice for ambitious Nepali students looking to build a successful accounting career.
Why Study ACCA at Bright Academy?
Bright Academy, one of the best ACCA colleges in Nepal, provides guidance from expert teachers, practical training based on global standards, and a supportive learning environment. With a focus on real-world skills and ACCA modules, Bright Academy helps students move beyond exam preparation to become confident professional accountants ready to take on any global career opportunities.
Conclusion
Choosing between ACCA and a Master’s in Accounting depends on your career goals and learning style. ACCA offers practical skills, global recognition, and flexible study, making it ideal for aspiring professional accountants. A Master’s provides broader business knowledge and a structured academic experience. For students in Nepal seeking a globally recognized accounting qualification, ACCA is a smart choice. At Bright Academy, the best ACCA college in Nepal, you get expert guidance and real-world training to build a successful accounting career.
1. Is ACCA equivalent to a Master’s degree in Accounting?
ACCA is a professional qualification, not an academic degree, but many organizations consider its value and expertise similar to a Master’s degree in accounting for finance, audit and accounting roles.
2. Which one is cheaper: ACCA or a Master’s degree?
ACCA costs include registration fees, an annual subscription to ACCA Global, exam fees, and tuition at learning centers like Bright Academy. A Master’s degree usually has higher tuition, campus fees, and takes longer to complete. Overall, ACCA is generally more affordable than a full-time Master’s degree.
3. Can I do both ACCA and a Master’s degree together?
Yes. Many students complete ACCA first for technical accounting skills, then pursue a Master’s degree for broader business knowledge and leadership training.
4. Which qualification offers better international job prospects?
ACCA has strong global recognition in over 180 countries and it is highly respected for accounting, audit and finance roles in multinational firms.