11/20/2022 0 Comments Cima pass rates![]() ![]() If the candidates can manage their work and studies simultaneously, they can complete the ACCA qualifications in three years. For ACCA, candidates need to clear 14 professional exams and three years of supervised accountancy experience. Durationīoth courses require a similar amount of time for completion. ![]() ![]() On the other hand, a CIMA passed out candidate develops excellent strategic and business management skills. ![]() Skills ObtainedĪfter becoming a certified ACCA, a candidate gains a deeper understanding of the technical side of financial accounting. On the other hand, CIMA helps candidates prepare for the business side of accounting with a flair of management expertise. read more and prepares candidates to work independently or in finance-specific private firms. ACCA emphasizes advanced taxation principles and external auditing External Auditing External Audit is defined as the audit of the financial records of the company in which independent auditors perform the task of examining validity of financial records of the company carefully in order to find out if there is any misstatement in the records due to fraud, error or embezzlement and then reporting the same to the stakeholders of the company. There is no doubt that both certifications help secure some of the most sought-after jobs in the finance and accounting domain. It is a very common question, and sadly there is no easy answer. Hence, both certification programs cater to specific job profiles, and the candidates need to decide based on their career aspirations.Īssociation of Chartered Certified Accountant (ACCA)Ĭhartered Institute of Management Accountants (CIMA) However, CIMA is little more than just accounting as it also helps in honing decision-making skills because it is a mix of accounting and business management. read more are reputed certifications in accounting and finance. read more and CIMA CIMA The CIMA qualification is a globally recognized credential offered by the Chartered Institute of Management Accountants in UK to individuals interested in pursuing a career in the specialized field of management accountancy. This qualification gives you recognition as an employee who can help in all aspects of a business. ACCA certification (Association of Certified Chartered Accountant) equips students with skills in accounts handling, management accounting, taxation, auditing, etc., while CIMA certification (Chartered Institute of Management Accountants) provides adequate training and degree concerning management accountancy and various other related subjects.īoth ACCA ACCA The Association of Chartered Certified Accountants is a competent and leading global accounting body. ![]()
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