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What to do now

Hi

I have recently finished level 4 of AAT & now I am a full member :)

I don’t need to go on for my job, but if the opportunity arises I might like to continue my studies in accountancy.

The problem is there is a lot of different courses out there & I don’t know what is best.

I know from my studies I didn’t really like the management side of accounting, I prefer the financial side - so that rules CIMA out.

ACCA has been recommended to me by our auditors, but it’s quite expensive & would take at least another 4 / 10 years.

I have heard of the others CIPFA, ICAEW & ICAS but are they as good as ACCA, or do they just cater to different areas in accounting?

Any advice would be great

Thanx :) 

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31st Jan 2013 10:43

Horses for courses

As a CIMA member, I enjoyed both financial and management streams of the qualification, indeed ACCA has become more commercially focused over recent years.

To put CIPFA into perspective, I would only have to do two exams (Public policy related) for me to become a CIPFA qualified accountant which says a lot about that route. Very public sector focused and given their seeming lack of ability to budget with any effectiveness I would question its usefulness.

There is a AAT>ICAEW fast track program that may be of interest.

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By nads
31st Jan 2013 13:27

Some other things to note;

I think you require a formal training contract with an approved employer to complete the ACA (ICAEW) qualification. 

If you qualify with ACCA, you can gain a degree along the way with Oxford Brookes and I believe you can transfer to ICAEW status after qualification, after a period of time.

 

 

  

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By Blue
31st Jan 2013 17:29

AAT to ICAEW experience

I'm a member of the ICAEW, after qualifying via the AAT-ICAEW Fasttrack route. As previously mentioned you do need to be working for an approved employer, and the qualification is incredibly tough compared to the AAT, so unless you're working in an accountancy role you'll struggle.

 

The ACCA doesn't have the same employer restrictions and is aimed more at people working in industry (ie not working for an accountancy firm) so you might be better off choosing this. However both qualifications are very pricy (studying/exams etc) so unless your employer is sponsoring you it will be expensive.

 

For info, it took me 4 years total study time (whilst working full time) to complete both the AAT and ACA (ICAEW) qualifications, so your time scales are a little bit out.

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