Where Do I Go From Here?

Hi everyone,

I'm studying the Level 2 Certificate in Accounting. I've got my final exam on 27/03/2017. I fully intend to complete Level 3 & Level 4 to become fully qualified. The main thing i'm struggling with is where to go after i have completed Level 4. My husband and i wish to move to Canada probably in the next 5-10 years and i'm wondering if there's a specific qualification i can gain for accounting in Canada? I had intended on carrying on to ACCA but now i'm not sure as i don't know if there's a global chartered accounting qualification out there that would suit me better. Could anyone please advise with this?

Thanks,
Carole

Comments

  • BertieBertie West Midlands Posts: 331
    CGMA - CIMA.

    HTH.
  • Carole123Carole123 Posts: 6
    Hi Bertie,

    Thanks, i will look into it.

    I'm not 100% sure if i wish to pursue becoming a management accountant. I currently work as a finance assistant and i really enjoy my job so far. I was thinking i might pursue the financial accounting side of things. If i did the CIMA qualification, would it not be totally different?
  • BertieBertie West Midlands Posts: 331
    No, CIMA contains plenty of financial reporting - it does lack alot of tax though.

    What's your goal? Work in practice, tax returns and such, or within a company?
  • Carole123Carole123 Posts: 6
    For now i'm indecisive. Level 2 really doesn't cover a lot in terms of tax but i believe Level 3 goes further in depth with it. I think during/after completing Level 3 i'd have a better idea of where i'd like to specialise. For now, i'm happy to be within a company.
  • BertieBertie West Midlands Posts: 331
    You'll cover VAT at level 3, and skim personal and business tax at level 4.

    You won't go far wrong with CIMA.
    AAT_Team
  • Carole123Carole123 Posts: 6
    edited March 19
    This might sound like a stupid question.. But what is the difference between a management accountant and a financial accountant in terms of how their job roles vary?

    Also, if i go for the CGMA designation, will that mean my qualification will be recognised in Canada as highly as it is recognised in the UK?
  • BertieBertie West Midlands Posts: 331
    Yes CIMA are well known world wide.

    A management accountant works on budgets, costings, analysis and such like, dealing more so with real time data, turning it into information for the future.

    A financial accountant deals with statutory requirements, financial statements, tax, using historic, past data.
  • Carole123Carole123 Posts: 6
    Ah ok, thank you for clarifying.

    If i decide management accounting isn't for me, is ACCA globally recognised also?
  • BertieBertie West Midlands Posts: 331
    It is indeed.
  • Carole123Carole123 Posts: 6
    That's great. Thank you :)
    Bertie