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CIMA or ACCA??

Which one to choose??

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Hi All,

I have completed Level 3 AAT and am now looking to complete my Chartered exams. I am really keen to do CIMA, as I currently work as a Managament Accountant within a practice and think I will enjoy this more than working in stats.

I've asked my workplace if they support CIMA but they have just told me they would not normally, and never have done before. They are keen for me to do ACCA as they said they will have to do lots of research into CIMA and that will take time (and money I would presume!!) but I just think the syllabus sounds much more interesting, and I think I would do better in CIMA because 1. I will enjoy it more & 2. It is more relevant to what I want to do. 

I would like to work in industry (although I have never done so before), as I enjoy the large clients here in my firm that I can really get to know. I currently only have two clients but they are the largest in the firm and need really detailed Man Accts. However, I don't want to limit my options...

My firm don't want to lose me, so I think if I did turn around and say CIMA was the only option they would aggre, but I'm concerned that they will then use the time took to research against giving me a pay rise, or even worse, suggest I pay for some of it. Technically they shouldn't as I have an ACCA training contract but I've been stung before in companies where I have put too much trust in partners of firms.

Any advice would be great! 

Replies (13)

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By penelope pitstop
20th Nov 2019 15:32

They are all CACA !

:-(

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Replying to penelope pitstop:
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By jowright95
20th Nov 2019 15:42

Hi, thanks for your reply. Excuse my ignorance, but what is CACA?

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Hallerud at Easter
By DJKL
20th Nov 2019 16:43
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By penelope pitstop
20th Nov 2019 17:35

Thanks for the clarification!

:-)

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Replying to jowright95:
By penelope pitstop
20th Nov 2019 18:08

It's like cocoa but repugnant!

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Replying to penelope pitstop:
Hallerud at Easter
By DJKL
20th Nov 2019 16:45

What you become when you are dual qualified as an E & W chartered accountant and a Scottish chartered accountant.

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Replying to DJKL:
By penelope pitstop
20th Nov 2019 17:34

Earnest & Willing Chartered Accountants?

Met plenty of earnest ones in my travels. And also willing ones.

But earnest and willing ones were far rarer!

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Replying to penelope pitstop:
Hallerud at Easter
By DJKL
20th Nov 2019 17:38

Plenty of eager & woeful ones pre qualification but few enlightened & wise.

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By penelope pitstop
20th Nov 2019 18:05

Used to work with a snotty Chartered Accountant.

He was awarded a regional Citizen of The Year prize for foiling a building society armed robbery on his own.

A year or two afterwards he was kicked out from the partnership for being involved in peddling drugs.

The mind boggles!

Eager & Wicked?

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Replying to penelope pitstop:
Hallerud at Easter
By DJKL
20th Nov 2019 18:12

Or Evil & Wicked.

Great fun can be had with all of the letters,
ICAS

-I can always sue
-It came as surprise
-In club and sober

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By paul.benny
20th Nov 2019 16:58

S/he who pays the piper and all that...

You might in any case be better moving employers to get a broader range of experience. Plenty of companies will support CIMA trainees

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By Sandnickel
20th Nov 2019 17:25

It sounds like you have your heart set on CIMA. All I would say is, it's your life and nobody else can live it.

Do what you want to do, not what someone else says you should do.

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By tom123
22nd Nov 2019 13:49

The work you do is not necessarily defined by the qualification you choose. I work in industry, (with CIMA as it happens), but then so do plenty of folk with the other quals.

There will be CIMA people in practice, but they will be the minority.

Outside of pure practice, the question only tends to get as far as whether you are a 'qualified' accountant or not.

If your employer is used to putting people through ACCA then I would carry on in that route - it is simpler all round.

There may be optional papers you can choose that include more mgnt accs.

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