ACCA or CIMA

System
System Posts: 100,537 🤖 Admin 🤖
edited June 9 in AAT member discussion
Hi<BR><BR>I have just started the intermediate course and have been told to think about what we want to do after technition already e.g. CIMA, ACCA etc............ <BR>I want to get into chartered accounting so which would be the best course for me to do when i have completed technition CIMA or ACCA as i think they are both chartered but witch one is more recomendable and how long is each course?<BR><BR>Thanks<BR>Nat

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  • System
    System Posts: 100,537 🤖 Admin 🤖
    ACCA or CIMA

    I do not know much about ACCA, but as for CIMA, providing you have completed AAT, you will be exempt from the first five exams (Foundation stage). This leaves you with six exams to take at Intermediate and three at the Final stage, culminating with a case study type examination. <BR><BR>After taking all of the CIMA examinations (and having three years relevant experience) you will become a Chartered Management Accountant, which will enable you to work as an accountant in industry or the public sector (No audit work).<BR><BR>It will probably take a minimum of three years to pass CIMA after AAT, with about 20 - 25 hours study each week. <BR><BR>Good luck.
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ACCA or CIMA

    Thanks
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ACCA or CIMA

    you won't be a chartered accountant if you do CIMA. To be a Chartered Accountant you could do ICA or you could be a Certified Chartered Accountant by studying ACCA. <BR><BR>In either case you will need to be working for an accountancy practice. To begin ICA qualifications you must be training under a training contract. ACCA is more flexible, you could gain your 3 years practice experience after your studies.<BR><BR>Hope this helps<BR><BR>Alexander
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ACCA or CIMA

    Hi<BR><BR>You dont need to work in practice to do ACCA and although CIMA is commerce/industry orientated, CMAs do work in practice as well.<BR><BR>Have a look at the content and structure of each programme and see what appeals to you, also consider what you want to do in the way of work - practice or commerce?<BR><BR>Neil
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ACCA or CIMA

    all 3 institutes have a royal charter<BR><BR>and its chartered certified accountant
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ACCA or CIMA

    I am a MAAT currently studying the finals for ACCA. ACCA is designed primarily for Industry and Practice (you don't have to work in practice to study or qualify as an ACCA). I am not quite sure what the content of CIMA is but the ACCA is very widely recognised and upon completion of the ACCA you are a qualified Chartered Certified Accountant. If you work in Industry then you have the option at the final level to study for Industry type papers, though if you change to Practice you are encouraged to study for the Audit and Tax Papers (you have to choose two out of four options - bit like AAT). The best thing to do is to look at CIMA and ACCA website and talk it over with your employers but both Bodies offer widely recognised qualifications.<BR><BR>Good luck.<BR><BR>Steve.
  • System
    System Posts: 100,537 🤖 Admin 🤖
    ACCA or CIMA

    It depends on whether you would like to PRACTICE as an accountant or work for a business(big or small).<BR><BR>The CIMA syllabus is all about STATEGY, COSTING, BUSINESS PLANNING, BUSINESS MANAGEMENT.<BR><BR>The ACCA syllabus is harder and more technical, but there are various routes you can take. Its all about, TAX, AUDITING, INTERNATIONAL BUSINESS MANAGEMENT, GLOBAL FINANCIAL STRATEGY, although costing and budgeting are covered in the earlier stages.<BR>

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