ATT or CIMA

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Alicia84
Alicia84 Registered Posts: 46
in General discussion - Professional level
I've just completed Level 4 (pending the official result for my ISYS project) and can't decide what to do next. I always though I'd go on to do ACCA and had it all mapped out except when it came to it I discovered you cannot trade as an Accountant self-employed whilst studying ACCA (or even once you've completed unless you become a MIP which is dependent on you getting two years experience with an ACCA approved employer, which of course, there's no guarantee of!). So, professionally from an employed point of view (I work full-time and run my business outside of working hours to pay for my studies) CIMA is best, but from my business (and fun) point of view ATT seems the better option. I personally love Tax and all tax-related things! I'm thinking eventually I'll do both but can't decide which way round to do them. Help!

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  • Clintm15
    Clintm15 Registered Posts: 248 Dedicated contributor 🦉
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    If you are intending to only deal with tax on self-employed basis then ATT is perfect. CIMA being mainly management accounting wouldn't be the right fit.
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • Alicia84
    Alicia84 Registered Posts: 46
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    Unfortunately, I am also employed where CIMA is better as I deal with the management side of accounts and work in industry. It's just I enjoy tax more and obviously that would be better from a self-employed point of view lol
  • Clintm15
    Clintm15 Registered Posts: 248 Dedicated contributor 🦉
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    Then unless you are planning a career change, definitely CIMA. :)
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • Clintm15
    Clintm15 Registered Posts: 248 Dedicated contributor 🦉
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    Mickdundee said:


    Unless they intend on quitting industry when the practice picks up.

    That would qualify as the 'career change' I was referring to.
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • Alicia84
    Alicia84 Registered Posts: 46
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    I want to do both! Obviously, long-term I would LOVE to be completely self-employed but being realistic, I would never be able to earn what I could working in industry and having my practice as an additional job.
  • Clintm15
    Clintm15 Registered Posts: 248 Dedicated contributor 🦉
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    Alicia84 said:

    I want to do both! Obviously, long-term I would LOVE to be completely self-employed but being realistic, I would never be able to earn what I could working in industry and having my practice as an additional job.

    Do both then!! Just do one after the other so you don't get overloaded. :)
    AAT
    Level 2 - 2011
    Level 3 - 2012
    Level 4 - 2013

    ACCA
    F4 - Corporate Law - Dec 2015 (passed)
    F5 - Performance Management - Dec 2014 (passed)
    F6 - Taxation - Dec 2013 (passed)
    F7 - Financial Reporting - Jun 2014 (passed)
    F8 - Audit & Assurance - Dec 2015 (passed)
    F9 - Financial Management - Jun 2015 (passed)
  • Alicia84
    Alicia84 Registered Posts: 46
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    Yes, that's what I'm going to do. I couldn't decide which to do first but think I'm going to go CIMA so I can get the employed experience and build my business up slowly then do ATT or CTA after once my sons older and I have more time to put into building my business.

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