Which Certification Has More Value, CIMA or ACCA?

by Vedant Dwivedi Finance Manager

The accounting certifications:

Association of Chartered Certified Accountants (ACCA)
Chartered Investment & Management Accountant (CIMA®)

Both of these are excellent and rigorous qualifications that offer amazing learning and progression in the career opportunities that one has chosen. These also help aspiring individuals to quickly acquire and validate their valuable skills and know-how in a field that will enrich their accounting career beyond imagination.

The certifications ACCA and CIMA add huge relevant value to one’s professional CV and are also helpful to convince an employer of the ability they possess to get the work done. Advancing in one’s career in the business world usually needs getting additional knowledge and training. To prove that an aspiring individual has this supplemental experience, professional accounting certifications like ACCA and CIMA can be awarded to them.

When it comes to difficulty both the certifications are quite a same. ACCA has high technical accounting, audit, and tax content, while CIMA certification has more enterprise and strategy content.

ACCA provides more job opportunities. CIMA gives exposure to finance (Budgeting, Forecasting, Management accountant) fields. ACCA allows both finance and accounting sides such as Auditing, Taxation, and Financial Accountant. The level of difficulty is quite more in ACCA, followed by the examination fee. CIMA is highly reliable credential and consists of a distinctive validation of next-level competence and is present for the most affordable prices.

ACCA and CIMA certification gives several opportunities globally, which also helps certified accountants to earn high salaries. ACCA qualification is recognized by over 181 countries, and CIMA Institute is valued and recognized globally.

I have recently completed my CIMA certification and also got my credentials. With this certification, professionals can gain expertise in two of the most swiftly developing super-specialization areas in accounting – investment accounting, and management accounting. It is very popular and considered among the top accounting certifications.

The CIMA® charter also offers each aspiring individual a proven promise and readiness for getting the key and in-demand financial intelligence, which globally many organizations need to monitor, manage and grow their businesses and investment assets and also portfolios.

ACCA or CIMA, both qualifications are challenging as well as rewarding. One has to gain a good understanding and interest in the field if one wants to excel. Do have a clear vision of what you are looking for and want to do and how much time you can spend studying before choosing the certification.

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I hope this answer helps you to choose the right certification as per your career aspirations and job profiles that enhance your career path.