ACCA / Cima

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Can someone help please i am trying to establish the difference between the two types of courses available for me to take and what i will achieve at the end of the course. At present I work in a Industry but would like the to be able to work from home producing small company accounts.<BR><BR>Thanks

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  • System
    System Posts: 100,534 🤖 Admin 🤖
    ACCA / Cima

    ACCA is generally financial accounting (final accounts, etc), whereas CIMA is management accounting (costing/budgeting).<BR><BR>If you become CIMA (correct me if I'm wrong) you cannot undertake audit work but you can in ACCA. Industry workers tend to go for CIMA and practice workers tend to go for ACA or ACCA (if they didn't they couldn't do any audit work).<BR><BR>At the end of the day it's personal choice. Discuss it with your tutor and visit the CIMA/ACCA websites and take a look at their syllabuses.<BR><BR>I personally am going on to ACCA as I work in practice and I enjoy financial accounting a lot more than management accounting.<BR><BR>Hope this is of use!<BR><BR>Helen
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ACCA / Cima

    Although I work in industry I will be doing ACCA as I think the course structure suits me better & and doesn't close any doors for the future.<BR><BR>Virtually all of the job ads that I looked at on GAAPWEB either asked for a CCAB qualification or simply said ACCA/CIMA.
  • System
    System Posts: 100,534 🤖 Admin 🤖
    ACCA / Cima

    Hi<BR><BR>Like stick2000 said, with ACCA you can become an auditor, though the ACCA qualification own its own is not enough to be an auditor.<BR><BR>CIMA tends to be regarded as management accounting (budgets etc) and ACCA as financial. However, the general management accounting and financial accounting content of both is similar, the difference being that CIMA covers financial accounting from a business management perspective whereas ACCA covers it from a financial reporting persepctive. Also, ACCA covers audit and more on tax, while CIMA has more papers on general management.<BR><BR>What you want to do may depend on circumstance as the areas of experience required by each differs. Im currently looking at CIMA. Agencies have told me they get more requests for CIMA for industry/commerce positions, and having looked at local vacancies this seems to be true.<BR><BR>Neil

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