View Full Version : Which qualification is the best one to have?

16-12-07, 11:07 PM
Which qualification is the best one to have?

AAT - Association of Accounting Technicians - www.aat.co.uk (http://www.aat.co.uk)

As a worldwide professional organisation with close links to the four main UK accounting bodies, this is a good first qualification for those who want to start their career in accounting.
If you are an accounts assistant or are an aspiring management accountant, the AAT qualification will suit anyone working in Financial Services, Professional Services, Commerce and Public Sector. The qualification is a combination of practical experience and exams, offering flexible ways of completing the course be it distance learning, evening classes or days out of the office.
Students are assessed through a combination of formal exams and skills tests. The skills tests assess your ability in carrying out practical activities and test how you operate in the workplace, possibly including evidence of skills previously gathered.
The course is flexible and can be tailored to your individual needs. You are able to decide whether to do individual or groups of units from the scheme. It's not compulsory to complete an entire level as you will gain recognition for each unit achieved.

ACCA - Association of Chartered Certified Accountants - www.uk.accaglobal.com (http://www.uk.accaglobal.com)

The ACCA has over 300,000 members and students worldwide and offers a number of accountancy qualifications for those just starting their accounting career or to qualified professionals who want to extend their existing skills.
To qualify, you will take 3 levels of examinations and complete a minimum of 3 years supervised and relevant practical experience in accounting or an accounting related area. You will usually complete the accountancy qualification within 3 years although you can spread it out over 10 years.

ACT – Association of Corporate Treasurers www.treasurers.org (http://www.treasurers.org)

The Association of Corporate Treasurers (ACT) is the international body for finance professionals working in treasury, risk and corporate finance. Through the ACT we come together as practitioners, technical experts and educators in a range of disciplines that underpin the financial security and prosperity of an organisation.
The ACT defines and promotes best practice in treasury and makes representations to government, regulators and standard setters.
We are also the world’s leading examining body for treasury, providing benchmark qualifications and continuing development through training, conferences and publications.

CF - Corporate Finance Qualification - www.cfqualification.com (http://www.cfqualification.com)

Recently introduced by the ICAEW (link), the CF seeks to instil effective leadership and practical skills in those who achieve qualification. As it has only recently been introduced, senior practitioners will be able to achieve CF status at an accelerated rate.
The course is broken down into three stages – the Introductory Certificate, the Intermediate Diploma and the Advanced Diploma – and each stage must be completed before the next is started. Practical work experience is an essential element of the qualification. Studiers will need to be able to produce evidence of three years of experience when they have completed their diploma.

Certified Fraud Examiner - www.cfenet.com (http://www.cfenet.com)

The Certified Fraud Examiner (CFE) qualification indicates expertise in fraud prevention, detection and investigation and is particularly useful in the area of forensics. For anti-fraud professionals, the CFE credential is the preferred certification of their status. The qualification combines a knowledge of financial transactions with elements of law and investigations to resolve allegations and instances of fraud.
Qualifying points are awarded to assess whether or not you are eligible to embark on CFE study. In our experience those who study for the CFE are already qualified ACAs looking to specialise in the area of fraud.

CIMA - Chartered Institute of Management Accountants - www.cimaglobal.com (http://www.cimaglobal.com)

CIMA has over 131,000 students and members internationally. This qualification has a strong strategic and financial management focus.
To pass, you will take three levels of examinations and complete 3 years of practical experience with an employer. There are certain exemptions available dependent on the accountancy qualifications you already posses, the CIMA website lists all of these. You don't have to take this qualification and become an accountant, it is relevant to the full remit of finance and business management roles although is less frequently associated within Tax or Audit.

CIPFA -Chartered Institute of Public Finance and Accountancy- www.cipfa.org.uk (http://www.cipfa.org.uk)

CIPFA is a specialist professional association that focuses on training for accountants who work in the public sector. The qualification is relevant for those working in the NHS, Local Government and other public organisations, and also directly relevant to private sector firms who work in public sector areas.
You can choose how you wish to study dependent on whether you want learn in your own time, take day release from work or weekly block release. There are two stages to obtaining the qualification combining a mix of exams and assignments, with the qualification usually taking three and a half years.

ICAEW - Institute of Chartered Accountants in England and Wales- www.icaew.co.uk (http://www.icaew.co.uk)

One of the largest professional accountancy bodies in Europe, qualifying from the ICAEW is highly regarded in all industries.
Before you can begin your studies, you must first find an employer who is willing to offer you a training contract. As employers are investing in you in terms of time and money, you will often find these contracts last for a minimum of 3 years and in a lot of cases 5 years, so take time to find the right employer who specialises in an area you are interested in and offers the right training environment for you.

Joint Insolvency Examination Board / Certificate of Proficiency in Insovency - www.r3.org.uk (http://www.r3.org.uk)

Established in the 80’s, the JIEB qualification is tested by an annual set of exams. Success in the examinations results in achievers being able to join the IPA (Insolvency Practitioners Association).
In the mid 90’s, an intermediate qualification was created for those with experience of working as an Insolvency Practitioner who are competent working in insolvency but not ready to sit for the full JIEB examination. To be eligible to study for the CPI prospective students require 5 GCSE passes as well as evidence of having worked in insolvency for a significant period of time.

ICSA - Institute of Chartered Secretaries and Administrators - www.icsa.org.uk/ (http://www.icsa.org.uk/)

The Institute of Chartered Secretaries and Administrators (ICSA) is the recognised global voice on governance and regulatory issues in the private, public and not-for-profit sectors. Working with governmental and other statutory bodies, ICSA promotes best practice and provides guidance on good governance. As the qualifying body for company secretaries and senior administrators, ICSA offers a professional qualification covering business, company law, corporate governance, management, finance/accounting, administration and company secretarial practice. No other professional body in the business area offers the breadth of knowledge which the ICSA Qualifying Scheme provides.

Annie Lee
23-01-08, 06:41 AM
Hi, I thought ACCA is always the best qualification to have, isn't it? (At least at Malaysia and Singapore). May be i might be wrong but so far what i observed is ACCA or degree will be more favourable at Singapore. :)

If i'm wrong then someone please tell :p

04-02-08, 06:02 PM
well i'm from mauritius.. here the most recognised qualifications are ACCA and ICSA
as far as i know..
many people hold the CFA or CIMA!!
but most mauritians from the finance field hold ACCA, so
from the choice offered, i choose ACCA as being the most popular
i suggest u add ICSA to the list

05-02-08, 03:12 AM
I choose ACCA because ACCA regulates its firms strongly and chack the performance regularly. While ICAEW just concern about Audit servicess. Again in ICAEW you are not independent as you have to find an employer for your course. So you are stuck with them. ACCA covers Management Accounting,Financial Accounting and ather aspects while ICAEW more focused on Auditing.

So for me ACCA is Best To Have. Also if u finished upto F9 u get uk university degree aswell.:)

06-02-08, 10:34 AM
well i'm from mauritius.. here the most recognised qualifications are ACCA and ICSA
as far as i know..
many people hold the CFA or CIMA!!
but most mauritians from the finance field hold ACCA, so
from the choice offered, i choose ACCA as being the most popular
i suggest u add ICSA to the list

Hi Alisha, Added just for you ;)

27-02-08, 04:35 PM
Hi there,

I would say ACCA, not because I'm doing it but because I don't know much about other qualifications :) on the serious note, if I ever got an oppurtunity I would go for CFA.

09-09-08, 04:32 PM
Hi, I would think its ACCA for accounting carrer and ICAEW if aiming higher in the same field...It also depends on what area one is working in i.e public or private practice and if one wants to be self employed what services would be provided to clients? I think... :smile:

09-09-08, 04:52 PM
Why would you recommend ICAEW?

04-11-08, 10:02 PM
i would say ACCA

12-11-08, 09:44 AM
ACCA is the Best!

12-11-08, 09:41 PM
Most of you keep saying ACCA.

For accountancy ACA is much better then ACCA.

Its seem their are more and more people doing ACCA. And there will be even more competition for jobs.

I think the best qualificaiton would be the one you can get a good job in more easily then others.

And in my opinion looking at those that have completed all ACCA exams first time passes affilates struggling to get a job.

ACCA is not so good as a qualificaition those that make it out to be.

Those that already have ACCA and work for ACCA or anything to do with ACCA.

Course they are going to want you to join them and do ACCA. Why would they want you to do something else better then them and get ahead of them.

Those that are just saying ACCA are the best without reason, and also without knowing about other qualifcaiton are so ignorant.

Dont think ACCA are so good.

Yeah you have to pay more then 175 every year for membership once you qualify and a good chunk of the money goes to he CEO of ACCA.

What do you really get out of the membership...few magazines and retaining your qualificaiton.

Is it worth it, you will know that answer yourself.

Another type of tax.

26-11-08, 05:56 PM
You do have a point, but if there is any other Accountancy professional course that is globally accepted as of ACCA why man wastes time.

I think this is a challenge those local professional examination bodies.

Yhey should step up and move internationally to reduce the dominance of ACCA.

24-01-09, 09:59 AM
Yes ACCA is the best because it is simple route compare to rest of them.It depend to you.

02-02-09, 08:52 PM
I like ACCA because it covers a lot of areas....not too sure about it being the easiest!!

12-02-09, 03:11 AM

13-02-09, 11:20 AM
ICAEW involves working in practice and doing your articles with that employer. If in a few years you decide you want to leave practice and work in industry you will be struck for options.. and that means you will need to start ACCA or CIMA from the very start.
ACCA allows you to have that flexibility of making moves from practice, to industry or even public sector. The choice is yours!!!!

13-02-09, 01:57 PM
ACCA is the best because it is world reknowned and is highly recognised:spinny: here in Trinidad and Tobago as well as throughout the Caribbean

15-02-09, 06:15 AM
But in Pakistan there is lack of opportunities for ACCA qualified.

16-02-09, 07:48 AM
acca is simply the best accounting qualifiaction 1) it is internationaly recognised 2) for us international students the qualifiction is relatively easy to attain owing to its administrators welcoming hand (there is no descriminations). 3) its broad - although one can specialise in say auditing,tax etc,the options are just there for u unlike other specialist qualifications where blinders are fastened such that u cant look sideways. 4) it is just the best

16-02-09, 11:49 AM
I think an accountancy technician qualification is a great start as the grounding given is so valuable in the future.

The choice of Chartered qualification I think very much depends on the industry/service that you work for example someone working in the NHS or local/central government might choose CIPFA. However these days I would say it is far better to obtain a general qualification such as ACCA in order not to restrict the types of jobs/opportunities that are available.

Which ever path is chosen has to be the right one for the individiual and its important to remember that everyone is just that an individual with different reasons for choosing a qualification.

Best wishes to all.


18-02-09, 02:02 PM
But in Pakistan there is lack of opportunities for ACCA qualified.

and still several students are doing ACCA, despite knowing that there is lack of opportunities. :skeptical:

19-02-09, 02:17 PM
Yes because of it, recognized world wide.

19-02-09, 02:46 PM
Yes because of it, recognized world wide.

and that includes pakistan too!!

28-02-09, 12:57 AM
ACCA is recognised all through the world, and all accepted throughout. It is one of the largest accounting body out there

28-02-09, 12:58 AM
yea but just the sense of achievement make it worthwhile

30-03-09, 10:30 AM
I think time change silently. 10 year ago there was no reference of ACCA in any adtervisment for JObs in Pakistan now ACCA is included along with local Accounts qulifications

18-06-09, 06:16 PM
Yes you are right. Infact time has changed so much that every single person is doing ACCA! I now see no more value in ACCA!

19-06-09, 05:50 AM
Hi, I agree with most of you. I have an AAT qualification and now proceeding to ACCA qualification which is most popular in Singapore beside having a degree. In Singapore, I think a degree from the local university is more popular than ACCA.

12-11-09, 12:53 PM
I took time out to study taxation and I must say it was very interesting even if isn't the best one to have.
I was looking forward to going home to read my book or work on my assignments!
I wish it was the same with ACCA!:confused:

16-12-09, 08:40 AM
ACCA rocks!!

13-01-11, 12:20 PM
They have 84% of FTSE 100 boards with one of their members on - you cannot argue with those stats for being the best qualification to have.

19-02-11, 02:19 PM
As far as I see it, ACA is the exam for the "posh" and privileged ones. They close their doors to the working class in the sense that if you are not attached to a big 4 or any such large firms, you cant do their exams. I would say ACCA for its diversity, flexibility and the associations initiative :) Furthermore the ACAs like someone above think they are the leaders in the industry but far from it IMHO. They are endangered species if the ethos of ICAEW does not expand to include diversity (I do not make reference to race here just the concept of a class system).

Ooh thats bitter! LOL ACCA has discovered the for success in the industry. :)