Which Way to Go

[sambhu]

hello,
i am confused which one to chhose between the audting,taxation and financial management paper in the professiona level. please advice me.
will a CIMA degree help me to add value

[Tnvr]

Hi,

First of all, you should plan your career thus it will help you choose between the options. There are many career options that can be availed.

Here is what i think should be the combo of 2 papers in particular career:

1) Join the big 4 (auditing and tax consultant) - P6 (tax) & P7 (audit)
Reason - Auditing company's main purpose is to provide an audit and tax consultancy.

2) Manufacturing - P5 (adv. Perf. Mgt.) and any other you prefer...
Reason - P5 is alot about accounting methods and management of performance of the company. P7 maybe useful here in that usually internal audit dept. is present in large companies.

3) Banking Industry - P4 (adv. fin. Mgt.) and any other you prefer...
Reason - P4 consists all the hedging and all type of financial instruments that usually a bank offers to the public/companies (or a government may do that some times). P5 would also be preferred as P5 consists ways of keeping a manager/dept in control...

3) Service industry - P5 and any other you prefer...
Reason - no idea !!

4) Entrepreneur - P5 and P7 or P4
Reason - As for myself, P5 would give you all the accounting methods and ways to controlling and managing the performance of your company. P7 would be fine if your company is small or moderate otherwise take P4 for all the financial instruments and hedging stuff for multinational companies.

The above said is based on my personal knowledge and thought (no practical experience yet). Though it seems logical the way i put it. :)

Regards