One of your aspirations is a career in finance, but you are faced with a dilemma, and that is not knowing or being able to decide which professional accounting certification to choose from. Both accounting certifications – ACCA and CIMA provide you with vital skill sets, but it all comes down to what you want to do with your career. Association of Chartered Certified Accountants (ACCA) is a body for Chartered Accountants, while Chartered Institute of Management Accountants (CIMA) is a body for Management Accountants. The duration of both certificate qualifications is around 2 – 3 years.
ACCA is recognized all over the world and even more so by employers who understand and recognize that this is a qualification that has equipped their potential employees with vast accounting skills and practical knowledge. It also trains professionals to demonstrate strategic thinking.
Additionally, ACCA is known for its flexibility and the core accounting skills provided by it enables students to be an all-rounder, ensuring that they do not have to choose an area of specialization immediately, thus allowing them time to decide on a suitable career of choice much later.
Widely recognized as a specialist management accounting qualification, CIMA is the most ideal course for students who are steadfast in their choice of career, and who know what field they want to work in. If you are quite interested in business and management, CIMA is a great qualification to pursue. Graduates are also encouraged to veer towards careers where they can demonstrate forward and strategic thinking in their respective roles.
Additionally, CIMA ensures students that they have a wide range of careers to choose from, whether it is in the financial sector or not. It definitely focuses on business demands and widens career options for its graduates.
ACCA and CIMA are both internationally recognized accounting certifications that are accepted anywhere, and applauded for the knowledge and skills taught to students to prepare them for their future careers. Deciding on which qualification to embark upon should always be based on which career you wish to pursue, or industry you wish to work in.
Develop a passion for learning. If you do, you will never cease to grow.