EDUCBA

EDUCBA

MENUMENU
  • Free Tutorials
  • Free Courses
  • Certification Courses
  • 250+ Courses All in One Bundle
  • Login
Home Finance Finance Resources Investment Banking Careers ACCA vs CIMA
Secondary Sidebar
Finance Blog
  • Accounting fundamentals
    • Taxation
    • Other Expenses
    • Accounting Templates in Excel
    • Gross Income
    • US GAAP
    • Marginal Costing
    • Liquid Assets
    • Tax Evasion
    • Bookkeeping
    • Financial Accounting
    • Accrued Revenue
    • Accrued Expenses
    • Memorandum of Understanding
    • Budgetary Slack
    • Currency Exchange Trading Goals
    • Redeemable Preference Shares
    • Deferred Expenses
    • Tangible Net Worth
    • Available for Sale of Securities
    • Rolling Forecast
    • Selling Expenses
    • Revenue Deficit
    • Fund Flow Statement
    • Equipment Lease
    • Tax Loss Carry Forward
    • LTM EBITDA
    • Income Statement
    • Income Tax Expense
    • Statement of Retained Earnings
    • Prepaid Insurance
    • Outstanding Shares
    • Master Budget
    • Net Assets
    • Periodic Inventory System
    • Profit Before Tax
    • Payroll Tax
    • Semi Variable Cost
    • Job Costing
    • Loan Syndication
    • Ex-Dividend Date
    • Ad Valorem Tax
    • Stock Beta
    • Treynor Ratio
    • Share Premium
    • Standard Cost
    • Cost of Goods Sold
    • Cost of Preferred Stock
    • Cost of Revenue
    • Accrued Interest
    • Accounts Payable
    • Interest Income
    • Control Activities
    • Credit Limit
    • Property Plant and Equipment
    • Types of Dividends
    • Carrying Value
    • Cash Surrender Value
    • Checking Account
    • Sales Budget
    • Sales Tax
    • Total Assets
    • Unearned Income
    • Tax Shield
    • Incremental Revenue
    • Inventory Shrinkage
    • Minority Interest
    • Paid in Capital
    • Liabilities Examples
    • Inventory Valuation Methods
    • Financial Statements
    • Net Tangible Assets
    • Reverse Stock Split
    • Average Fixed Cost
    • Book Value of Asset
    • Book Value of Debt
    • Cash Dividend
    • Operating Cycle
    • Depreciation Rate
    • Cash Flow From Investing Activities
    • Profit After Tax
    • Break-Even Point in Accounting
    • Operating Expenses
    • Interest Expense
    • Net Credit Sales
    • Tax Base
    • Par Value of Stock
    • Par Value of Share
    • Depreciation
    • What is EBITDA?
    • Stock Dividend
    • Incremental Costs
    • Straight Line Depreciation Method
    • Lease Payment
    • Insurance Expense
    • Prepaid Expense
    • Pretax Income
    • Acceleration Clause
    • Accounting Profit
    • Value Added Tax
    • Personal Financial Statement
    • Prepaid Expenses
    • Installment Sales
    • Overhead Budget
    • Pro-Forma Earnings
    • Rolling Budget
    • Cost Center vs Profit Center
    • Cash Cow
    • Capital Expenditure Examples
    • Product Cost Examples
    • Current Portion of Long Term Debt
    • Implicit Cost
    • Pro Forma Financial Statements
    • Profit and Loss Accounting
    • Multi-Step Income Statement
    • Is Dividend Expense?
    • Is Accounts Receivable an Asset
    • Is Account Receivable an Asset or Liability
    • Operating Lease Accounting
    • Additional Paid-Up Capital on Balance Sheet
    • Deferred Revenue Examples
    • LIFO Method
    • MACRS Depreciation
    • Net Operating Income
    • Short Term Investments on Balance Sheet
    • Profit and Loss Statement Format
    • Progressive Tax
    • Gross Sales Formula
    • Operating Cash Flow Formula
    • Net Asset Formula
    • Balance Sheet Equation
    • Balance Sheet Purpose
    • Bullet Bonds
    • Cash Flow Plans
    • Proportional Tax
    • Raw Material Inventory
    • Reserves and Surplus
    • Share Based Compensation
    • Share Capital
    • Stock Dilution
    • Tax Avoidance
    • Lower of Cost or Market
    • Income Summary Account
    • Owners Equity
    • Owners Equity Examples
    • Indirect Tax
    • Inventoriable Cost
    • Statement of Owners Equity
    • Sum of Year Digits Method of Depreciation
    • Balance Sheet vs Consolidated Balance Sheet
    • Overhead in Cost Accounting
    • Bad Debt Reserve
    • Balance Sheet Examples
    • Banks Balance Sheet
    • Stock Splits
    • Trading Securities in Balance Sheet
    • Cash Accounting
    • Accounts Payable Example
    • Cash Receipts
    • Written Down Value Method
    • Variable Costing Income Statement
    • Depletion Expenses
    • Dividend Reinvestment Plan
    • Earnings Before Interest and Tax
    • EBIT Calculation
    • Cash Flow Statement Examples
    • Homemade Dividends
    • Income Statement Basics
    • Income Statement Formats
    • Shares vs Mutual Funds
    • Cost Principle
    • Bank Draft
    • Non-Qualified Stock Options
    • Audit Objectives
    • Audit Report Types
    • Ordinary Shares Capital
    • Purpose of Cash Flow Statement
    • Proxy Statement
    • First in First Out
    • Deferred Revenue Expenditure
    • Declining Balance Method of Depreciation
    • Deferred Revenue
    • Financial Statement Audit
    • Non-Controlling Interest
    • Nominal Value of Shares
    • Goodwill Amortization
    • Fully Depreciated Assets
    • Capital Lease
    • Cost Recovery Method
    • Accrued Revenue Example
    • Amortization of Intangible Assets
    • Diluted Shares
    • Unearned Revenue
    • Accelerated Depreciation
    • How to Read a Balance Sheet?
    • Capex Calculation
    • Prior Period Adjustments
    • Interim Financial Statements
    • Classified Balance Sheet
    • Statement of Financial Position
    • Accounting Equation
    • Accounting for Derivatives
    • Accounting Transactions Examples
    • Accounts Receivable Factoring
    • Activity Based Costing
    • LIFO Reserve
    • Inventory Write Down
    • Goodwill Impairment Test
    • Negative Shareholder Equity
    • Mark to Market Accounting
    • Fixed Budget vs Flexible Budget
    • Systematic Risk vs Unsystematic Risk
    • Accounting Profit vs Economic Profit
    • Cash Flow vs Net Income
    • NOPAT vs Net Income
    • Cash Flow vs Fund Flow
    • Financial Reporting Examples
    • Asset Account
    • Estate Tax
    • Excise Tax
    • Finance Lease
    • Financial Assets Examples
    • Flat Tax
    • Accounts Receivable - Debit or Credit
    • Anti Dilutive Securities
    • Quality of Earning
    • Utilities Expenses
    • Audit Report Contents
    • Budgetary Control
    • Callable Preferred Stock
    • Capital Expenditure
    • Capital Lease Criteria
    • Carrying Amount
    • Cash Flow Analysis
    • Deferred Tax Liabilities
    • Completed Contract Method
    • Earned Income
    • Explicit Cost
    • External Audit
    • Accrued Expense
    • Allowance for Doubtful Accounts
    • Depreciation Tax Shield
    • Accounts Receivable Financing
    • Audit Report Qualified Opinion
    • Audit Report
    • Audit Report Examples
    • Marginal Tax Rate
    • Direct vs Indirect Cash Flow Methods
    • Salvage Value
    • Balance Sheet Analysis
    • Current Liabilities Examples
    • Debtor
    • Other Comprehensive Income
    • Period Costs
    • Inventories List
    • Marketable Securities in Balance Sheet
    • Gross Sales
    • Tax Haven
    • Interim Reporting
    • Date of Record Dividends
    • Short Term Assets
    • Revenue Streams
    • Tax Planning
    • Accounts Receivable Journal Entry
    • Book Profit
    • Capital Budgeting Importance
    • Accounts Payable Cycle
    • Inventory Audit
    • Estimated Tax
    • Dividend Declared
    • SG & A Expenses
    • Tax Lien
    • Excise Tax Examples
    • Accelerated Share Repurchase
    • Accounting Ethics
    • Accounts Payable Credit or Debit
    • Accounting for Fair Value Hedges
    • Long Term Debt in Balance Sheet
    • Assets Example
    • Audit Assertions
    • Accounts Receivable Process
    • List of Operating Expenses
    • Income Tax Accounting
    • Non-Operating Expenses
    • Unrealized Gains and Losses
    • Warranty Expense
    • What is Budgeting?
    • WIP Inventory
    • Current Liabilities
    • Zero Based Budgeting
    • Types of Liabilities on Balance Sheet
    • Marginal Costing vs Absorption Costing
    • Non-Current Liabilities Examples
    • Cash Equivalents
    • Types of Assets
    • Assets List
    • Deferred Income Tax
    • Working Capital Management Importance
    • Extraordinary Items
    • Deferred Tax
    • Long Term Liabilities
    • Perpetual Inventory System
    • Intangible Assets Examples
    • Goodwill
    • Working Capital Loan
    • Consolidated Financial Statement
    • Contingent Asset
    • Cash and Cash Equivalents
    • Fixed Assets
    • Current Asset
    • Financial Assets Types
    • Financial Assets
    • Wasting Asset
    • Write off
    • Objectives of Financial Statement Analysis
    • Earnout
    • Hire Purchase
    • Sublease
    • Off Balance Sheet
    • Liabilities Example
    • Leasehold
    • Off Balance Sheet Financing
    • Revolving Credit Facility
    • General Reserve
    • Accounting Information System
    • Accounting Transaction
    • Limitations of Financial Statement Analysis
    • 3 Types of Inventory
    • Cook the Books
    • Non Performing Assets
    • Revenue Reserve
    • Commitments and Contingencies
    • Conservatism Principle of Accounting
    • Money Measurement Concept
    • Materiality Concept
    • Types of Accounting
    • Types of Financial Statements
    • Balance Sheet Items
    • Components of Financial Statements
    • Cost Method
    • Related Party Transactions
    • Relevance in Accounting
    • Responsibility Accounting
    • Tragedy of the Commons
    • Accounts Receivable Aging
    • Accounting Scandals
    • Cost Benefit Principle
    • Accrual Accounting Examples
    • Fiscal Year
    • Financial Statement Limitations
    • Grey List
    • Objectives of Financial Statements
    • What are Accounting Principles?
    • Accounting Controls
    • Users of Financial Statements
    • Accounting Cycle
    • Accounting Estimates
    • Window Dressing in Accounting
    • What are Accounting Policies?
    • Fringe Benefits
    • Full Disclosure Principle
    • Financial Statement Examples
    • Sunk Cost
    • Accounts Receivable Turnover Ratio
    • Days in Inventory
    • Current Ratio vs Quick Ratio
    • Investment Banking vs Private Equity
    • Private Equity vs Hedge Fund
    • Accounting Ratios
    • Shell Corporation
    • Cost Accounting Career
    • Funds from Operations
    • Accounting Career
    • Actuaries Career
    • General Ledger Accounting
    • Forensic Accounting Career
    • Auditing Career
    • Budgeting Career
    • Gross Profit Ratio
    • Management Accounting Career
    • Cycle Counting
    • Going Concern Concept
    • Debit Note vs Credit Note
    • EBIT vs Net Income
    • EBIT vs Operating Income
    • EBITDA vs Net Income
    • EBITDA vs Operating Income
    • GAPP vs Non-GAAP
    • Finance vs Lease
    • Gross sales vs Net sales
    • Income Tax vs Payroll Tax
    • Mortgage Banker vs Broker
    • Revenue vs Net Income
    • Shareholder vs Stakeholder
    • Stock Option vs RSU
    • Return on Invested Capital
    • Transaction Exposure
    • LLC vs Partnership
    • Replacement Cost
    • Unit Contribution Margin
    • Accounts Payable vs Notes Payable
    • CA vs CS
    • Capitalizing vs Expensing
    • CPA vs CA
    • Trial Balance vs Balance Sheet
    • CA vs MBA
    • Merger Accounting
    • Cash Management
    • Sole Proprietorship vs LLC
    • Manufacturing Overhead
    • Asset Retirement Obligation
    • Temporary Account
    • Leveraged Lease
    • Predetermined Overhead Rate
    • Drag-Along Rights
    • Special Journal
    • Interest vs Dividend
    • Direct Materials
    • Accounting Method
    • Return on Sales
    • Calendar Year vs Fiscal Year
    • Contribution Margin Income Statement
    • Activity Based Budgeting
    • Common Size Income Statement
    • Capital Lease vs Operating Lease
    • Insolvency vs Bankruptcy
    • Vertical Analysis of Income Statement
    • Debt vs Equity Financing
    • Adjusted EBITDA
    • LLC vs Inc
    • Return on Average Capital Employed
    • Stocks vs Real Estate
    • Return on Equity
    • Return on Capital Employed
    • Diluted Earnings Per Share
    • Limited Partner vs General Partner
    • Basic EPS
    • Cash Flow Return on Investment
    • Fixed Cost vs Variable Cost
    • Public Company vs Private Company
    • Market Order vs Limit Order
    • Return on Total Assets
    • Hard Cost vs Soft Cost
    • Return on Average Assets
    • Ethereum vs Ethereum Classic
    • Capital Employed
    • Gross Profit Percentage
    • OIBDA
    • Average Collection Period
    • Profit Margin
    • EBITDA Margin
    • Working Capital Turnover Ratio
    • Marginal vs Effective Tax Rate
    • CFO vs Controller
    • Accounting Interview Questions
    • EBITDA
    • Asymmetric Information
    • Days Payable Outstanding
    • Journal Examples
    • Debit vs Credit
    • Lease vs Rent
    • Buying vs Leasing
    • Finance Job From Engineering
    • Days Inventory Outstanding
    • Horizontal Integration Example
    • Revenue Expenditure
    • Accounts Payable Turnover Ratio
    • Statement of Cash Flows
    • Days Sales Uncollected
    • Days Sales Outstanding
    • Statement of Income Example
    • Unadjusted Trial Balance
    • Red Herring Example
    • Revenue vs Turnover
    • Functions of Financial Market
    • Cost of Goods Sold Example
    • Operating Ratio
    • Stock Turnover Ratio
    • Bill of Sale Examples
    • Break Even Analysis Example
    • Financial Analysis Example
    • Statement of Retained Earnings Example
    • Equity Ratio
    • Long Term Liabilities Example
    • Defensive Interval Ratio
    • Operating Expense Example
    • Solvency Ratio
    • Capital Adequacy Ratio
    • Cash Flow From Operations Ratio
    • Working Capital Example
    • Cash Reserve Ratio
    • Quick Ratio
    • Loan Sharks
    • Fixed Asset Examples
    • Partnership Example
    • Standard Deviation Examples
    • Accounting vs CPA
    • Period Cost vs Product Cost
    • Cash Ratio
    • Investment vs Speculation
    • Annuity vs Lump Sum
    • Bank Draft vs Certified Cheque
    • Bidding vs Auction
    • Better in Business and Finance
    • Direct Tax vs Indirect Tax
    • Financial Ratio Analysis Technique
    • EPS and Diluted EPS
    • Stocks vs Bonds
    • IFRS Vs US GAAP
    • Finance Degree Career Options
    • Tax Slabs & Rates
    • Lease vs Buy
    • Interest Rate vs Annual Percentage Rate
    • Long Term vs Short Term Capital Gains
    • Memorandum of Association vs Article of Association
    • Large Cap vs Small Cap
    • CPA vs CMA
    • Assets vs Liabilities
    • Revenue vs Income
    • Bookkeeping vs Accounting
    • Financial Lease vs Operating Lease
    • EBIT vs EBITDA
    • Revenue vs Sales
    • Common stock vs Preferred stock
    • US GAAP vs IFRS
    • Current Account vs Capital Account
    • IFRS in India
    • Finance vs Economics
    • ACCA vs CIMA
    • Current Assets vs Non Current Assets
    • Economic Examples
    • Investment vs savings
    • Active vs Passive Investing
    • Financial Accounting vs Management Accounting
    • Revenue vs Earnings
    • Trade Discount vs Cash Discount
    • Limited Liability Company
    • Finance for Non Finance Professionals
    • Costs vs Expenses
    • Chapter 11 vs Chapter 13
    • Why Financial Analytics
    • Accounting vs Financial Management
    • ACA vs ACCA
    • ACCA vs CPA
    • Budget vs Forecast
    • Positive Economics vs Normative Economics
    • CA vs ACCA
    • Stakeholders Example
    • Stock vs Options
    • Liquidity vs Solvency
    • Stock vs Equities
    • Franchising vs Licensing
    • GDP vs GNP
    • Inflation vs Deflation
    • Economic Growth vs Economic Development
    • Direct cost vs Indirect Cost
    • Accrual Accounting vs Cash Accounting
    • FCFF vs FCFE
    • Public vs Private Accounting
    • Capex vs Opex
    • BSE vs NSE
    • Loans vs Advances
    • Discount Rate vs Interest Rate
    • ROIC vs ROCE
    • Percentage Of Completion Method
    • 10K vs 10Q
    • Shares Outstanding vs Float
    • Contribution Margin vs Gross Margin
    • Short Term vs Long Term Capital Gains
    • General Journal vs General Ledger
    • Outsourcing vs Offshoring
    • Depreciation vs Amortization
    • Liability vs Debt
    • Asset Purchase vs Stock Purchase
    • Accrual vs Provision
    • Actuary vs Accountant
    • Stock vs Inventory
    • Liability vs Expense
    • Dividends EX-Date vs Record Date
    • Bid Price vs Ask Price
    • Dividend vs Growth
    • Time vs Money
    • IRA vs 401 (k)
    • Corporation vs LLC
    • CEO vs President
    • Margin vs Markup
    • Leasehold vs Freehold
    • Lending vs Borrowing
    • Non-Profit vs Not For Profit
    • Corporation vs Incorporation
    • CFO vs CEO
    • Purchase vs Procurement
    • Deficit vs Debt
    • Internal Audit Vs External Audit
    • C Corp vs S Corp
    • Absolute Advantage vs Comparative Advantage
    • Tangible vs Intangible
    • Executive Director vs Managing Director
    • Company vs Firm
    • Insurance vs Assurance
    • Expense vs Expenditure
    • Hard Money vs Soft Money
    • Entrepreneurship vs Management
    • Loan vs Mortgage
    • Fair Value vs Market Value
    • Chief Executive Officer vs Managing Director
    • Manufacturing vs Production
    • Random Error vs Systematic Error
    • 401(K) vs Roth IRA
    • 403(b) vs 457
    • Adjusting Entries
    • Equity vs Commodity
    • Turnover vs Profit
    • Effective Interest Rate
    • Working Capital Ratio
    • Margin vs Profit
    • Loan vs Lease
    • Shares vs Debentures
    • Equity vs Fixed Income
    • Market Equilibrium
    • Economics vs Business
    • Secured vs Unsecured Credit Card
    • Profitability vs Liquidity
    • Z score vs T score
    • Equity vs Asset
    • Geometric Mean vs Arithmetic Mean
    • Cost vs Price
    • Industry vs Sector
    • ShortSale vs Foreclosure
    • Revenue vs Profit
    • Real Interest Rate
    • Account Payable vs Accrued Expense
    • Day Trading vs Swing Trading
    • Indirect Costs
    • Graphs vs Charts
    • Issued Shares vs Outstanding Shares
    • Creditor vs Debtor
    • Annuity vs IRA
    • Pension vs Annuity
    • Debt Consolidation vs Bankruptcy
    • Equity vs Shares
    • Economic Utility
    • Average vs Weighted Average
    • Operating Profit vs Net Profit
    • Purpose of Income Statement
    • NASDAQ vs Dow Jones
    • Direct Method of Cash Flow Statement
    • Real GDP
    • Derivatives Example
    • Nominal GDP
    • Generally Accepted Accounting Principles
    • Cost of Sales vs Cost of Goods Sold
    • Historical Value vs Fair Value
    • General Ledger vs Trial Balance
    • Actual Cash Value vs Replacement Cost
    • Job Costing vs Process Costing
    • Standard Cost vs Actual Cost
    • 401k vs Annuity
    • FIFO vs LIFO
    • Bid Price vs Offer Price
    • Sole Proprietorship vs Partnership
    • Equity Shares vs Preference Shares
    • Debt vs Equity
    • Cost Accounting vs Financial Accounting
    • Coupon vs Yield
    • Career in Finance
    • Gross Salary vs Net Salary
    • Tax Credit vs Tax Deduction
    • Variance vs Standard Deviation
    • What is Disposable Income
    • Liabilities in Accounting
    • Chapter 7 vs Chapter 11
    • Budgeting Examples
    • Fixed Costs Example
    • Joint Venture Example
    • Quantitative Research Example
    • Bootstrapping Examples
    • Monopoly Examples
    • Monopolistic Competition Examples
    • Risk Assessment Example
    • Inflation Accounting
    • Defined Benefit Plan
    • Variable Costing Example
    • Acquisition Examples
    • Cognitive Dissonance Example
    • Opportunity Costs Examples
    • Globalization Example
    • Histogram Examples
    • Mean Example
    • Trial Balance Example
    • Command Economy Examples
    • Sunk Cost Examples
    • Compounding Example
    • Compound Interest Example
    • Profit vs Income
    • Joint Venture vs Partnership
    • Comparative Advantage Example
    • Bank Reconciliation Example
    • Competitive Advantage Example
    • Accrual vs Deferral
  • Asset Management Tutorial (200+)
  • Banking (44+)
  • Corporate Finance Basics (373+)
  • Credit Research Fundamentals (6+)
  • Economics (88+)
  • Finance Formula (386+)
  • Financial Modeling in Excel (17+)
  • Investment Banking Basics (140+)
  • Investment Banking Careers (29+)
  • Trading for dummies (69+)
  • valuation basics (27+)
  • Insurance Resources (14+)
  • Top Finance Books (7+)
Finance Blog Courses
  • Investment Banking Training
  • Financial Modeling Course
  • Equity Research Course
  • Mergers and Acquisitions Course

ACCA vs CIMA

By Dhruv AroraDhruv Arora

ACCA vs CIMA

Difference Between ACCA vs CIMA

Deciding your career from the two great professional organizations and which can benefit a candidate in a long run. While the Association of Chartered Certified Accountants (ACCA) is a body for Chartered accountants on the other hand Chartered Institute of Management Accountants (CIMA) is a body for management accountants. At the end of the discussion, it comes down to what you want to do with your career.

Both ACCA vs CIMA aspirers require a different kind of skill sets and on completion will have a different level of responsibilities. Associations like these provide a variety of benefits and can help you advance your career, it provides job placement assistance and provides continuing education, publications, affinity services and products. Organizations like these offer the annual type of meeting or local and regional conferences. These can help you achieve career status through certifications and exams.

ACCA’s headquarter is situated in London with administrative offices in Glasgow. As at 2016, the organization reported 188,000 members and 480,000 students in 178 countries and it was founded in 1904. On the other hand, CIMA is also based in London and with more than 227,000 members and students in 179 countries, it is currently the largest management accounting body in the world. It was founded comparatively a bit later in 1919. CIMA is for management accountants working in the industry, which is the major difference between ACCA and CIMA.

The difference between ACCA and CIMA are based on the continuing education, membership dues, and certifications. The qualifications are distinguished by various factors which are discussed in the table and make it easy for a student to choose between ACCA vs CIMA.

Start Your Free Investment Banking Course

Download Corporate Valuation, Investment Banking, Accounting, CFA Calculator & others

ACCA vs CIMA Infographics

Below is the top 9 difference between ACCA vs CIMA

All in One Financial Analyst Bundle(250+ Courses, 40+ Projects)
Financial ModelingInvestment BankingUS GAAPCFA-Level 1 & 2
Equity ResearchM & A ModelingPrivate Equity ModelingForex Trading
Price
View Courses
250+ Online Courses | 40+ Projects | 1000+ Hours | Verifiable Certificates | Lifetime Access
4.9 (86,522 ratings)

ACCA vs CIMA Infographics

Key Differences between ACCA vs CIMA

Both ACCA vs CIMA are popular choices in the market; let us discuss some of the major Differences Between ACCA vs CIMA:

  • ACCA charges around $3,000 – $4,000 and CIMA is also around $3,000 – $4,000.
  • The pass percentage is 30% to 40% for ACCA and CIMA has a pass percentage of 35%-46%.
  • The usual profiles for a job are of financial specialists (Tax and Audit) and general practice for ACCA while for CIMA it is Strategic and Managerial roles in business and finance.
  • ACCA is globally accepted but is more common in European countries and the UK. While the CIMA is a collaboration with the CPA (USA) Institute.
  • Maximum of 9 papers exemption is provided for ACCA whereas a maximum of 12 papers are exempted for CIMA.
  • ACCA is highly preferred in accounting roles like business valuation, tax, and treasury management, forensic accounting. In auditing roles, ACCA faces tough competition from CAs. CIMA is highly preferred in the financial services sector as well as managerial roles in global banks and accountancy firms and shared services.
  • The ACCAs provides a strong foundation in core principles of accounting. Useful for audit and tax profiles. CIMA, on the other hand, is a mix of MBA and CA. Not only it has solid accounting concepts but also is a good learning for taking critical decisions of management.

Head to Head comparison between ACCA vs CIMA

Below is the topmost comparison between ACCA vs CIMA –

The basis of Comparison between ACCA vs CIMA ACCA  CIMA
Related to Chartered Accountants Management Accountants
Meaning The ACCAs provides a strong foundation in core principles of accounting. Useful for audit and tax profiles. CIMAs, on the other hand, is a mix of MBA and CA. Not only it has solid accounting concepts but also is a good learning for taking critical decisions of management.
Professional body Association of Chartered Certified Accountants based in the UK Chartered Institute of Management Accountants based in the UK
Exams 14 Papers 16 Papers
Eligibility Higher Secondary Higher Secondary
Duration Between 2-3 Years Between 2-3 Years
Levels Skills, knowledge, professional essentials and options Strategic, Management, Operational.
Core Subjects Law, Accounting, Taxation, Financial Reporting. Organization Management, advanced financial reporting, project, and relationship, Strategic management, Risk Management.
Exam Pattern Based on the paper and subject, most exams are of 2-3 hours duration. 90 minutes objective test and 3 hours of a case study.

ACCA vs CIMA – Final Thoughts

While both ACCA vs CIMA qualifications can give your career prospects a boost. You need to ask yourself before you choose a qualification is what you want from your career. The perfect accountancy qualification for people who know that they would want to work in the world of management and business, a CIMA qualification is a specialist management accounting qualification. Also, it has an overlap with business practice.

On the other hand, students can still specialize in some areas towards the end of the ACCA course, but the pure variety of core accounting skills and knowledge that it provides is great for those who want to keep their options open for a while or even to work in a range of different industries. The ACCA qualification is broader and offers a bit more flexibility.

Both CIMA vs  ACCA are highly respected and can turn the heads of any employer who are seeking the right professional talent. And at the same time, both can also offer a variety of opportunities around the world.

The designations of Chartered Global Management Accountant (CGMA) are entitled to CIMA-qualified accountants which makes them a part of an international network that will earn them recognition wherever they go. Including a series of partnerships with local accountancy bodies in various locations, ACCA is well accepted in over 100 countries worldwide.

One has to ponder where he or she wants to work in their career and ensure that the qualification you choose is the best fit for the region and is recognized. If one is aspiring a career in accountancy and thinking to pursue one of these courses then they are on the right track which will open a number of opportunities and shape up an exciting career in a large number of industries and locations.

Why the ACCA vs CIMA matters over time is an essential question in one’s career. The CIMA vs ACCA frameworks both have their own importance and both are equally prestigious.

Recommended Article

This has a been a guide to the top differences between ACCA vs CIMA. Here we also discuss the ACCA vs CIMA key differences with infographics, and comparison table. You may also have a look at the following articles to learn more-

  1. Finance vs Economics
  2. Growth Stock vs Value Stock
  3. ETF vs Index Funds
  4. Stock vs Options
Popular Course in this category
All in One Financial Analyst Bundle- 250+ Courses, 40+ Projects
  250+ Online Courses |  1000+ Hours |  Verifiable Certificates |  Lifetime Access
4.9
Price

View Course

Related Courses

Investment Banking Course (123 Courses, 25+ Projects)4.9
Financial Modeling Course (7 Courses, 14 Projects)4.8
Equity Research Training (17 Courses)4.7
Mergers & Acquisition Course (with M&A Projects)4.7
0 Shares
Share
Tweet
Share
Primary Sidebar
Footer
About Us
  • Blog
  • Who is EDUCBA?
  • Sign Up
  • Live Classes
  • Corporate Training
  • Certificate from Top Institutions
  • Contact Us
  • Verifiable Certificate
  • Reviews
  • Terms and Conditions
  • Privacy Policy
  •  
Apps
  • iPhone & iPad
  • Android
Resources
  • Free Courses
  • Investment Banking Jobs Offer
  • Finance Formula
  • All Tutorials
Certification Courses
  • All Courses
  • Financial Analyst All in One Bundle
  • Investment Banking Training
  • Financial Modeling Course
  • Equity Research Course
  • Private Equity Training Course
  • Business Valuation Course
  • Mergers and Acquisitions Course

ISO 10004:2018 & ISO 9001:2015 Certified

© 2022 - EDUCBA. ALL RIGHTS RESERVED. THE CERTIFICATION NAMES ARE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS.

EDUCBA
Free Financial Modeling Course

3 Statement Model Creation, Revenue Forecasting, Supporting Schedule Building, & others

*Please provide your correct email id. Login details for this Free course will be emailed to you

By signing up, you agree to our Terms of Use and Privacy Policy.

EDUCBA Login

Forgot Password?

By signing up, you agree to our Terms of Use and Privacy Policy.

EDUCBA
Free Investment Banking Course

Corporate Valuation, Investment Banking, Accounting, CFA Calculator & others

*Please provide your correct email id. Login details for this Free course will be emailed to you

By signing up, you agree to our Terms of Use and Privacy Policy.

EDUCBA

*Please provide your correct email id. Login details for this Free course will be emailed to you

By signing up, you agree to our Terms of Use and Privacy Policy.

Let’s Get Started

By signing up, you agree to our Terms of Use and Privacy Policy.

This website or its third-party tools use cookies, which are necessary to its functioning and required to achieve the purposes illustrated in the cookie policy. By closing this banner, scrolling this page, clicking a link or continuing to browse otherwise, you agree to our Privacy Policy

Loading . . .
Quiz
Question:

Answer:

Quiz Result
Total QuestionsCorrect AnswersWrong AnswersPercentage

Explore 1000+ varieties of Mock tests View more