EduPristine, Mumbai

Generally, most Indian B.Com graduates are eligible to take the CPA exam. Every year of university education in India is equivalent to 30-semester credits of US Education, totaling 90 credits at the end of 3 years. If B.Com is completed in 1st division from a NAAC 'A' university, the 3-year B.Com would be treated as 4 years of US education, i.e., 120 credits for B.Com alone. Having a 2-year Master's degree (e.g., M.Com, MBA) contributes to 60 education credits. Further, professional qualifications like CA/CS/CWA are recognized by a few States as 2 years of US education. In case yours is a NAAC 'A' college, you'd be able to appear for the exams. Even if that's not the case, you can pursue bridge courses to get the credits.

Hi Mayuri!
CFA is considered as most competitive financial credentials. It is one of the most rigorous certification programs in finance, which covers several key knowledge areas in finance making it best fit for those interested in developing a career as a financial analyst or in the field of investment banking. Of course, many investment banks would still consider hiring someone with MBA from top 10 business schools, CFA certificate would still have some competitive edge.
ACCA, on the other hand, is more focused on accounting and auditing and is considered lower level than CFA in terms of reputation.
However, the most important question is where do you want to work. If you are planning your future career in an investment bank or hedge fund I would say CFA would be a better choice. However, if you want to be an auditor, accountant, or financial consultant ACCA is more than enough.