CIMA vs ACCA

CIMA | ACCA

Institute Name:

 

Chartered Institute of Management Accountants

 

Association of Chartered Certified Accountants

Courses offered:

  • CIMA Certificate in Business Accounting

  • CIMA Professional Qualification: Operational Level

  • CIMA Professional Qualification: Managerial Level

  • CIMA Professional Qualification: Strategic Level

  • CIMA TOPCIMA

  • Introductory Certificate in Financial and Management Accounting

  • Intermediate Certificate in Financial and Management Accounting

  • Diploma in Accounting and Business

  • Certified Accounting Technician (CAT)

  • Chartered Certified Accountant (ACCA)

Career Options:

  • General Manager

  • Financial Director

  • Managing Director

  • Chairperson of a company

  • Lecturer at tertiary level

  • Financial Consultant

  • Auditor

  • Tax Accountant

  • Business Advisor

  • International Tax Manager

  • Senior Accountant

What do the courses involve?

Management Accounting is focused on ensuring that business operations run smoothly and that growth of the business can take place. This is done through a combination of accounting, finance and management functions. Management Accountants look after the planning and management of the financial affairs of a business, and assist with ideas for corporate social responsibility projects.

CIMA is the largest international body for Management Accountants, and CIMA qualifications are recognised internationally. CIMA members are suitably qualified to work in different departments across an organisation.

Some of the skills that are taught during the course of CIMA studies include the designing of new business strategies, budgeting, general management skills, and communication with non-financial managers.

 

 

ACCA is a very large global association. The ACCA courses equip students with the necessary skills for running an organisation’s financial department in a professional manner. There is also a specific focus on tax and accounting.

 

ACCA qualifications are particularly suitable for those who enjoy working in large businesses or organisations. Completing an ACCA qualification will teach you what you need to know in order to be able to plan and control financial matters in large organisations.

 

Duration of the Courses:

  • CIMA Certificate in Business Accounting (12 – 16 months)

  • CIMA Professional Qualification: Operational Level (12 – 14 months)

  • CIMA Professional Qualification: Managerial Level (12 – 18 months)

  • CIMA Professional Qualification: Strategic Level (8 – 14 months)

  • CIMA TOPCIMA (10 – 14 months)

Important note: These courses need to be completed in the given order, as each course builds on the previous one.

For example, you cannot enrol for the Strategic Level if you have not yet completed both the Operational level and the Managerial Level.

In order to become a Chartered Management Accountant, one needs to pass all of the exams.

  • Introductory Certificate in Financial and Management Accounting

  • Intermediate Certificate in Financial and Management Accounting

  • Diploma in Accounting and Business

  • Certified Accounting Technician (CAT)

  • Chartered Certified Accountant (ACCA)

 

Students can study at their own pace, but must pass all of the exams within a period of 10 years.

Who offers these courses?

 

CIMA courses can be studied at Skills Academy, or at any other institution that is accredited to offer CIMA courses.

 

Skills Academy offers you the opportunity to study via distance-learning. This gives you the advantage of being able to study at your own pace, in your own time, and at a physical location that is convenient to you. You do not have additional travelling or accommodation expenses to worry about, and you can study part-time while you work.

 

ACCA courses can be studied at any institution that is accredited to offer ACCA courses.

 

 

What are the Entrance Requirements?

  • CIMA Certificate in Business Accounting

There are no formal academic requirements for this course. All you need is to be able to be able to read and write in English and to have basic skills in mathematics.

  • CIMA Professional Qualification: Operational Level

You must have completed the CIMA Certificate in Business Accounting.

  • CIMA Professional Qualification: Managerial Level

You must have completed the CIMA Professional Qualification: Operational Level.

  • CIMA Professional Qualification: Strategic Level

You must have completed the CIMA Professional Qualification: Managerial Level.

  • CIMA TOPCIMA

You must have completed all 3 of the CIMA Professional Qualification Levels.

  • Introductory Certificate in Financial and Management Accounting

There are no formal academic requirements for this course. You are simply required to be at least 16 years old.

  • Intermediate Certificate in Financial and Management Accounting

There are no formal academic requirements for this course. You are simply required to be at least 16 years old.

  • Diploma in Accounting and Business

There are no formal academic requirements for this course. You are simply required to be at least 16 years old.

  • Certified Accounting Technician (CAT)

You must have completed the Introductory Certificate in Financial and Management Accounting AND the Intermediate Certificate in Financial and Management Accounting AND the Diploma in Accounting and Business.

  • Chartered Certified Accountant (ACCA)

You must have completed the Introductory Certificate in Financial and Management Accounting AND the Intermediate Certificate in Financial and Management Accounting   AND the Diploma in Accounting and Business.

You will also need a Senior Certificate with Matric exemption in order to enroll for this course.

 

You may be granted exemption from certain modules if you have certain prior qualifications.

How do Exemptions work?

 

Once you are registered for a CIMA course, you can apply for certain exemptions. CIMA will decide whether or not you meet the requirements for an exemption, and their decision is final.

You may be charged an exemption fee.

 

 

Once you are registered for an ACCA course, you can apply for exemptions.

You may be charged an exemption fee.

 

 

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