CIMA Vs ACCA Exam | Exemptions, Salary, Opportunities

CIMA Exemptions for ACCA ... Students who have successfully completed all exams of CIMA (UK) will be exempted from Knowledge & Skill module (Papers F1 to F-9) of ... Skiptocontent Inthisarticle,weshallbecomparingtwomostrenownedcoursesintheareaofglobalaccounting:CIMAvsACCA. Thedemandforprofessionalaccountantsinthemarkethasbecomehighduetothecomplexbusinessstructureandgrowingmarketdemand. Insuchchangingbusinesslandscape,thecorporatesarelookingforall-roundfinanceexperts,andnotjustbookkeepersandtaxconsultants.Hence,eventheaccountancybodieslikeACCAandCIMA, aremakingcontinuouseffortsinupdatingtheaccountancyandfinancerelatedcoursesandexams. WhatisCIMA? CIMAorTheCharteredInstituteofManagementAccountantsisamemberoftheInternationalFederationofAccountants(IFAC).ItisaprofessionalaccountancybodybasedintheUK.CIMAoffersa certification in management accounting butmainlyfocuseson finance qualificationforbusiness.Itdevelopsskillsinriskmanagementandstrategicdecision-making. CIMAdealswithstrategicmanagementandbusinessskillstohelpaccountantsbuildbusinessstrategies,assessbusinessdecisions,applydifferentaccountingtechniquesin planning andbudgeting.AlltheCIMAmembersandstudentsarerequiredtoadheretotheCIMA code ofethics. WhatisACCA? ACCAstandsfortheAssociationofCharteredCertifiedAccountants.ACCA istheglobalbodyforprofessionalaccountants.ItisalsorenownedlyknownasGlobalCA.ACCAisalsoamemberoftheInternationalFederationofAccountants(IFAC).ACCAexamisoneofthemostreputedqualificationsforprofessionalaccountantsandfinancialexperts.Although,ACCAbodyhasUKbasedthecomprehensiveknowledgeabout IFRSprovidedbythequalificationmakesitworldlyfamous. CIMAvsACCA:Examformat2017|2018 ACCAexamcoversthreelevels:Knowledgelevel,Skillslevel,andProfessionallevelCIMAhasfourlevels:Operationallevel,Managementlevel,StrategicLevel,ProfessionalLevel. 14papershavetobeclearedtogetACCAcertification.TogetCIMAcertification,12papersand3Casestudieshavetobecleared. EachACCApaperismaximum3hourslong.Whereas,CIMAexamrequires90minutesforobjectivetestand3hoursforcasestudyofsitting. ACCAexamhas4examwindows:March,June,SeptemberandDecember.CIMAisconductedinFebruary,May,AugustandNovember. CIMAExemptionsforACCA StudentswhohavesuccessfullycompletedallexamsofCIMA(UK)willbeexemptedfromKnowledge&Skillmodule(PapersF1toF-9)ofACCA(UK). CIMAvsACCASalary ACCAandCIMAqualifiedbothhavethealmostsimilarsalaryrange.Therefore,theycanexpectanaveragesalaryof$60,000.CIMAvsACCAsalarydependsonvariousfactorslikeacompany,region,demand,etc. Moreandmore career opportunitiesarenowavailableforaccountantswhoholdaprofessional certification becausetheyarecompetentandhavebetterknowledgeoftheprofession.Hence,CIMAvsACCA,whichisbetterdefinitelydependsonone’sareaofinteresttheareareainwhichhecanexpertise. CIMAVsACCA:FutureProspects BothACCAandCIMAprovidemoreorlesssimilarcareeropportunities.Thefinanceandbusinessorientationofthesecertificationsopendoorsbeyondtherealmoftaxandaudit.Withastrongbackgroundnotonlyinfinancialstatements,butalsoinfinancialmanagement,bothACCAandCIMAcertifiedprofessionals,enjoyimmenseopportunitiesinBankingandFinance.TohaveamoreclearpictureoncareeropportunitiesinACCA-Clickhere CMAisanothercertification,whichismorefocusedtofinancialmanagement.Clickheretoknowmoreaboutit. OnlineACCACoachingbySuperProfs SuperProfsisaSilverLearningPartnerofACCA,andprovidesanall-roundonlinecoachingbyMostExperiencedProfessors. ClickHereToRegisterforacallbackbyanACCAExpertfromSuperProfs FewImportantLinksforACCAExam2017|2018 ACCAExamDates ACCAResults ACCAExemptions ACCAPastPapers ACCAJobs ACCARegistration ACCAExamFees ACCAPassRates ACCAResults   AlsoRead:  ClaimACCAExemptionsbasedonthepreviousqualification ACCAvsCPA–Whichcertificationisbetterforyou? AlsoRead: PreviousPost ACCAjobsinDubai&UAE|ACCASalaries NextPost ACCAExams2017|2018-LearnallaboutACCADegree RelatedPosts ACCASalaryAcrossDifferentCountries|SuperProfs RajatGoyalJune17,2022 ExemptionsYouCanGetIfYouDoBothCMAAndACCA RajatGoyalJune17,2022 DipIFR–DiplomainIFRSProgramCourseDetails–AboutACCADipIFRCourse TeamSuperProfsMarch9,2018 CMABlogCurrentAffairsCurrentAffairs–April2016CurrentAffairs–August2016CurrentAffairs–February2016CurrentAffairs–July2016CurrentAffairs–June2016CurrentAffairs–March2016CurrentAffairsNovember2016CurrentAffairsOctober2016CurrentAffairsSeptember2016PrivacyPolicyProfCAAshishDeolasi–TaxExpertforCA,CS,CMAExamsProfCMARajeshKumar–TaxationExpertforCA,CS,CMAExamsProfCSChandniArora–CommerceFoundationExpertProfCSDivayMiglani–LawExpertforCA,CS,CMAExamsProf.SanjayWelkins–AccountingexpertforCA,CSandCMASuperProfsBlog–CACSCMAGATEOnlineClassesUPSCNewsUpdatesDecemberUpdatesJanuaryUpdatesOctober–UPSCDailyNewsUpdatesSeptember–UPSCDailyNewsUpdates