ACA after CIMA

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Hi all

I am Daniel - perhaps you can give me your view 

I am CIMA qualified and have been thinking about doing ACA. Main reason is that I want to go up the ladder first as controller then Director then CFO 

some job restrict to ACA and push away CIMA ones for these roles 

is it worth the huge effort given that I already took the pain of 3 years for CIMA and doing and MBA now? 

thanks 

Replies (5)

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By paul.benny
04th Jun 2024 09:57

No.
You can't get ACA outside an authorised training employer and there are only a handful outside public practice.

As an employer, CIMA + experience is fine. I'm not going to fund you doing ACA and I doubt anyone else will.

There is a salary mismatch between CIMA qualified and entry ACA.

Whilst some jobs specifically want ACA, that's usually about being technically up to date with accounting standards. In general it's experience that counts rather than your specific qualification.

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Replying to paul.benny:
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By Dansa
04th Jun 2024 22:29

Thanks Paul

You think salary wise is the same? How can I show my technical competence in IFRS for example ? What about ACCA?

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By tom123
05th Jun 2024 12:12

What type of job are you wanting?

I'm CIMA qualified, added ATT for a bit of tax, and work as a CFO.

Is it that you are specifically wanting to work in practice?

ICAEW will say their's is the "premier" qualification, but in reality they just have different focuses.

You need to be clearer with your prospective employers - particularly if they are overseas, that you are a "Chartered" accountant - just a different flavour.

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Routemaster image
By tom123
05th Jun 2024 12:12

What type of job are you wanting?

I'm CIMA qualified, added ATT for a bit of tax, and work as a CFO.

Is it that you are specifically wanting to work in practice?

ICAEW will say their's is the "premier" qualification, but in reality they just have different focuses.

You need to be clearer with your prospective employers - particularly if they are overseas, that you are a "Chartered" accountant - just a different flavour.

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Replying to tom123:
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By Dansa
05th Jun 2024 22:58

Hi Tom thanks

My goal is CFO

I don’t want to go to practice but intend to be controller then director then CFO

At the moment I am Finance Business partner and although FP&A is ok, I find that financial control has more value to climb higher and more if you have the ACA

At least that is what I have seen from research and speaking to some Leadership people

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