CIMA or ACCA?

[kezzo]

Hi.. i have just finished my AL's and im wondering which i should take up.. CIMA or ACCA? thing is right now im not sure as to what i wanna do.. all i know is that im interested in the commerce field with accounting and management.. Could someone please be kind enough to enlighten me with the pros and cons of both CIMA and ACCA?

thank U..

[hanifasif]

CIMA
Main thrust is towards management accounting and Financial Management.
Most suitable for jobs in manufacturing concerns.
Comparatively difficult to qualify than ACCA
On average 25%-30% more expensive than ACCA
Business certificate comprising of 5 papers + 6 papers of Managerial Level +3 papers of Strategic Level + Test of Professional Competence of in Management Accounting (TOPCIMA)
From 2010, syllabus has been restructured in three different levels.
5 years post qualification experience entitles membership to Institute of Chartered Accountants in England and Wales (ICAEW) subject to submission of Examination of experience and sponsorship by two ICAEW members.

ACCA
Major areas of expertise are Financial Accounting, Taxation, Audit and Financial Management.
Suitable for public practice and consultancy
Comparatively easier to qualify than CIMA
Little cheaper than CIMA
14 papers – F1-F9 Fundamental Level, 2 Papers out of 4 options (P4-P7), and 3 essential papers (P1 to P3)
5 years post qualification experience entitles membership to Institute of Chartered Accountants in England and Wales (ICAEW) subject to submission of Examination of experience and sponsorship by two ICAEW members.





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