Where to go from here

System
System Posts: 100,534 🤖 Admin 🤖
edited 10:28AM in AAT student discussion
I am currently at Technician level and plan to go on to do a Chartered Accountancy course, the trouble is I'm undecided between CIMA or ACCA. I work in higher education, but a few years down the line, I would like to go self employed and run my own business in time. <BR><BR>Can anyone define in simple terms the differences between the two.<BR><BR>Thanks<BR><BR>Debbie

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    Where to go from here

    Hi<BR><BR>CIMA and ACCA have the same sort of content with regards to the genral topics in management accounting and financial accounting, but CIMA also covers more on general business management, whereas ACCA also covers more on tax and audit.<BR><BR>With regards to self employment you could do this with either. Contra to popular belief CIMA does actually cover putting together financial statements, but you cant qualify as an auditor with CIMA. You can qualify as an auditor with ACCA, but to get your audit qualification you'd need to do additional training in an ACCA aproved practice.<BR><BR>ACCA also have rules regarding self employment that basically say that unless you hold an ACCA Public Practice Certificate (extra post qualifying training needed) you can only provide book-keeping serivces, payroll, VAT etc and can't prepare formal final accounts behond trial balance, be they for companies house or other use, or sign off on accounts as an ACCA member. Also, unless you hold the mentione public practice certificate, ACCA rules would forbid you advertising/presenting yourself to the public as an ACCA member.<BR><BR>Neil
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Where to go from here

    Hi Neil<BR><BR>Thanks very much for the information, it certainly clears things a little now!<BR><BR>Debbie

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