Education and Career Forum

Dear sir,

I am an accountant and I want to know if ACCA better for me than CMA or not as I'm experienced in the insurance accounting field for more than 3 years so should I proceed in taking CMA or reverse to ACCA or there is better option than both

Thanks & best regards

CMA:
stands for = Cost and Management Accountant.

major areas it covers = Advanced Operational Management & Costing, Budgeting/Forecasting, Standard Costing and VAriance Analysis techniques, Basic Taxation, Basic Audit & Corporate Governance. Deals particularly with Management Info related subjects.

leads to = Industry


ACCA = Association of Chartered Certified Accountants
CA = Chartered Accountant
CPA = Chartered Public Accountant

major areas = Audit & Assurance, Advanced Taxation, Financial Reporting & Compliance, Corporate Governance. Deals mainly with financial accounting and compliance with Audit/Reporting/Taxation ordinance/standards

leads to = Practice but equally effective in industry

Cost and Management Accountant (CMA) covers areas like advanced operational management and costing, budgeting and forecasting, standard costing and variance analysis techniques, basic taxation, basic audit and corporate governance. Deals mainly with management related information for Industries. Where as Association of Chartered Certified Accountants (ACCA), CA and CPA, deal with audit and assurance, advanced taxation, financial reporting and compliance, corporate governance etc. This is more towards the financial accounting, audit, reporting, taxation ordinance and standards. The ACCA will be more suitable, as it is related to the field you are now in.

i passed 10th class recently so in college which subjects i should take 4 becoming ACCA OR CA also tell me tht ACCA IS BETTR OR CA ,PLZZZZZZZZZZZ TELLLLLLLL ME

Chartered Certified Accountants
Association of Chartered Certified Accountants, ACCA London
It focus on technical side of accounting practices & amke jobs in filelds such as corporate accountant, tax accountant, auditor.

Chartered Management Accountant
Chartered Institute of Management Accountants, CIMA London
It covers allmost all the accounting practices but not in the same way as in case of ACCA. It lays more emphisis on management reporting, corporate strategies. You will mailny find jobs in forecasting, variance analysis, budget making and strategy.

It is difficult to say which is more better. However, ACCA leads CIMA in terms of reputation and value education. ACCA is an association while CIMA is only a chartered body.

Since, you have experience in insurance field I would prefer you to go for CIMA.

ACCA is easier than CMA?

i have done my mba in banking and finance now tell me which one is best acca or cma

Hello,
is the CMA and the CIMA the same? as in if you hold one can you be exempt from most of the modules in the other one?

Originally Posted by Unregistered

ACCA is easier than CMA?

Who can u say CMA is difficult than ACCA ???

ACCA or CIMA better for being an investment banker???

acca or cima fo being an investment banker

Basically for an accounting graduate there are 3 basic options in international proffesional accoubting qualifications :

ACCA: ACCA Is the best international qualification in chartered accountancy and also the fastest growing ,within next 20 years it will come to top most position in terms of member numbers by overtaking CPA US and ICAI .so i can assure that acca will give you a promissing future.big 4 firms train thier graduate staffs to become ACCA .acca is mostly indended for middle level management .

CIMA:CIMA Is the largest management accounting body in the world and the exams of CIMA are much more harder than ACCA .it is mostly indended for strategic level managment .CIMA & CPA US has partnership and they jointly provide CGMA For successful qualified members of both accounting bodies without taking any exams .if you want to be a CFO In future then this is your choice .you will get an accelerated progreesion in your career if u are a CIMA Rather than a MBA Fin.

CMA IMA:where CIMA Is from UK ,CMA Is from US.the qualification can be achieved so fast as any other A/C Qualification if you are a genious.there are just two exams for becoming a CMA But its not a easy task to clear those papers people on avergae pass it on 2 to 3 atttemps .IF You are a qualified CMA Then you can become a confered member in Institute Of Cost Accountants Of India and can use the designation ACMA after thier name .also you will a get a 7 paper exemption from ACCA qualification.

I personally choosed CMA ,and completed my first part and waiting for my exams of Part 2 .after completing my exams i will be doing ACCA by taking 7 papers exemption.

Inshaallah

Best of luck ,
Shahid olakara

Originally Posted by Unregistered

Basically for an accounting graduate there are 3 basic options in international proffesional accoubting qualifications :

ACCA: ACCA Is the best international qualification in chartered accountancy and also the fastest growing ,within next 20 years it will come to top most position in terms of member numbers by overtaking CPA US and ICAI .so i can assure that acca will give you a promissing future.big 4 firms train thier graduate staffs to become ACCA .acca is mostly indended for middle level management .

CIMA:CIMA Is the largest management accounting body in the world and the exams of CIMA are much more harder than ACCA .it is mostly indended for strategic level managment .CIMA & CPA US has partnership and they jointly provide CGMA For successful qualified members of both accounting bodies without taking any exams .if you want to be a CFO In future then this is your choice .you will get an accelerated progreesion in your career if u are a CIMA Rather than a MBA Fin.

CMA IMA:where CIMA Is from UK ,CMA Is from US.the qualification can be achieved so fast as any other A/C Qualification if you are a genious.there are just two exams for becoming a CMA But its not a easy task to clear those papers people on avergae pass it on 2 to 3 atttemps .IF You are a qualified CMA Then you can become a confered member in Institute Of Cost Accountants Of India and can use the designation ACMA after thier name .also you will a get a 7 paper exemption from ACCA qualification.

I personally choosed CMA ,and completed my first part and waiting for my exams of Part 2 .after completing my exams i will be doing ACCA by taking 7 papers exemption.

Inshaallah

Best of luck ,
Shahid olakara

Hello Shaid.

I wish you the best of luck with your studies. I am thinking about doing CMA but I do not have a degree. So if I pass the exams, I just passed the exams and I will not become a CMA because of the lack of a degree and practical experience.
So I am thinking after successful completion of the CMA exams to do ACCA with the 7 exemptions. BUT...only till F9. So then I only have to sit 2 exams and I can get the Oxford Brookes Bsc Applied accounting, I am sure you are familiar with that option through ACCA.

Once I get that Bsc and I hope by then also have the CMA required 2 years of practical experience, I can become a CMA.
So then I will be CMA AND have a Bsc in Applied Accounting AND I can move on to ACCA or an MBA.

What do you think ? Is this possible ?

Thank you and many success to you my friend.

Rbo

Dear RBO,

Your route is not possible for attaining ACCA CMA Bsc.

For attaining ACCA 7 paper exemption you do have to clear both the papers of CMA & must have a valid bachelors degree in accounting .

To be eligible to get Bsc from ACCA .You need to have sit and passed papers F7,F8 & F9 and also the paper F4 or ILETS for the english language requirement .

Your route is so tricky but it not possible in the scenerio.my suggestion is to go for bachelor degree or else start with the acca fron the very first paper .

Bes of luck
Regards,
Shahid olakara.

Dear RBO,

Your route is not possible for attaining ACCA CMA Bsc.

For attaining ACCA 7 paper exemption you do have to clear both the papers of CMA & must have a valid bachelors degree in accounting .

To be eligible to get Bsc from ACCA .You need to have sit and passed papers F7,F8 & F9 and also the paper F4 or ILETS for the english language requirement .

Your route is so tricky but it not possible in the scenerio.my suggestion is to go for bachelor degree or else start with the acca fron the very first paper .

Bes of luck
Regards,
Shahid olakara.

Dear RBO,

Your route is not possible for attaining ACCA CMA Bsc.

For attaining ACCA 7 paper exemption you do have to clear both the papers of CMA & must have a valid bachelors degree in accounting .

To be eligible to get Bsc from ACCA .You need to have sit and passed papers F7,F8 & F9 and also the paper F4 or ILETS for the english language requirement .

Your route is so tricky but it not possible in the real scenerio.my suggestion is to go for bachelor degree or else start with the acca from the very first paper .

Bes of luck
Regards,
Shahid olakara.

i have compleetd ACCA, and now looking for further qualification and i thought CMA would be a good option but here i see people doing CMA before doing ACCA so will it help me or not and can i conclude that ACCA is better than CMA and there is no use of doing CMA it right now?

i have completed ACCA, and now i was thinking of doing CMA, but after reading the comments i can assume that people are persuing CMA before ACCA, should i be right in concluding that CMA doing after ACCA will not give me an edge? and is it that easy as compared to ACCA? please elaborate