12-22-2008, 08:41 AM
Dear ad2478
You have asked a good question. I would try to explain the strategy of US exams.
Basically, in CIMA one has to study various INDIVIDUAL subjects like management accounting, economics, business law, financial accounting etc.
On the other hand, each of US exams includes various areas of different subject in each exam. For example, CFA L1 includes Financial Accounting, Quantitative methods, and Economics, which are basically 3 different subjects. Similarly, FAR of CPA includes areas from Basic Accounting, Intermediate Accounting, Advance Accounting, Accounting for NFP, and Accounting for Government. Moreover, BEC contains areas from Economics, IT, Finance, Business, and Management Accounting.
Same is the case for CMA (USA). Please see areas covered in each of 4 CMA exams.
I hope it helps.
Regards
You have asked a good question. I would try to explain the strategy of US exams.
Basically, in CIMA one has to study various INDIVIDUAL subjects like management accounting, economics, business law, financial accounting etc.
On the other hand, each of US exams includes various areas of different subject in each exam. For example, CFA L1 includes Financial Accounting, Quantitative methods, and Economics, which are basically 3 different subjects. Similarly, FAR of CPA includes areas from Basic Accounting, Intermediate Accounting, Advance Accounting, Accounting for NFP, and Accounting for Government. Moreover, BEC contains areas from Economics, IT, Finance, Business, and Management Accounting.
Same is the case for CMA (USA). Please see areas covered in each of 4 CMA exams.
I hope it helps.
Regards