Is CIMA a better qualification than ACCA?

[MATC]

Hello everyone,

MATC believes CIMA prepares you for a career in business. It teaches skills for strategic advice, managing risk and making key decisions.

Most accounting qualifications train you for private practice, working on audit and tax issues. CIMA equips you with the leading edge techniques needed to drive successful businesses.

With the ever increase in competitiveness, modern businesses outsource most of their financial services and assistance through specialised accountancy firms.

Instead of employing someone purely to generate financial reports, businesses prefer to employ someone who can:
>Advise their managers about financial implications of projects
>Explain the financial consequences of business decisions
>Formulate business strategy
>Monitor spending and financial control
>Conduct internal business audit
>Explain the impact of competitive landscape
>Analyse information and using it to make business decisions
>Formulate business strategy to create wealth and shareholder value
>Identify and manage risk
>Apply accounting techniques to plan and budget
>Segregate what information management needs and explain the numbers to non-financial managers

Ultimately these required skills outlined above means businesses recruit people who are qualified to work across their organisation, not just in finance.

Obviously your view might be different!

So, we would like all of you to join in this discussion and give us your views. You can start by introducing yourself, your academic background and what made you want to study the qualification you chose.

Thank You

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