ChatterBank3 mins ago
acca / cima
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in the field of accoutning, what is the best option to study? acca or cima? which of the two is best?
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For more on marking an answer as the "Best Answer", please visit our FAQ.I believe it depends on what kind of accounting you want qualifcations in.......the short answer is that if you want a good all round knowledge then ACCA is your best bet as CIMA is more specialised. I can't remember the specifics, but I think that CIMA is more management accounting. I hope that helps.
acca is a certified accountant, cima is a management accountant, katejess. Unless your planning to specialise in being the management accountant to a car firm for example, then go for acca which is generally accepted by most accountancies AND businesses wanting their own accountants (except the top-notch companies who will probably insist on Chartered Accountants) - both have roughly the same degree of difficulty (i am told)
ACA is the most valued qualification in practice (it does lots of Tax) and does go a long long way in Industry
CIMA is excellent for industry. Exams can take a while to get, but endless tries is a good thing :-)
ACCA is becoming more common and is a good all rounder
Depends what you want to do and where you can get training.