Choose a professional career path such as CIMA, ACCA. and critical Essay

Choose a professional c atomic number 18er path such as CIMA, ACCA. and critical evaluation of two professional bodies tolerate for your ca - Essay ExampleThis body has an aim of ensuring that that the growth of accountancy is that of influence as intumesce as reputation. Membership Requirements In terms of rank, CIMA offers two grades, which include Associate and fellow. This means that for associate, an auditor for spokesperson has to pass the qualifying interrogative sentences of the institute, should have three years of qualifying practice, which has been proved by being subscribe by witnesses. Two persons have to propose and second the member. As for the fellow, the auditor, being a member, should have the necessity experience from the senior level (Gowthorpe, 2005). On the other hand, a candidate should register as a member so as to undertake a professional scheme qualification. If a member completes the examination successfully, he/she therefore is transferred to the a ffiliate status. From this status is when a member is supposed to demonstrate through an covering form that they have larnd a practical and supervised experience in accountancy hence fitting an auditor . They should also have acquired the competence that is of standard level in auditing. Also, after a membership of five consecutive years, a senior membership is automatically awarded. ACCA offers its members the access to the Association of Corporate Treasurers membership. The get together Kingdoms Security & Investment Institute also recognizes ACCA members such as financial accountants (Page, 2006). The members are allowed to take International Taxation advanced diplomas at Chartered Institute of taxation. As for the CIMA, members gain acknowledgment by the Society of Management Accountants of Canada. It has a qualification program with New Zealand Institute of Chartered Accountants. Qualifications In terms of qualification, ACCA provides a variety of diplomas and certificates at a foundation level. This is generally known as accountancy foundations. It offers an entry for individuals who want to pursue a career in finance and accounts but are naked as a jaybird to this field and do not meet the ACCA qualification entry requirements. Other qualifications include International auditing certificates, pecuniary management diplomas, Certificate and Diploma in International Financial Reporting, for ACCA full membership, individuals are offered MBA from Oxford University (Mike, 2008). CIMA offers a plan that is structured to motivate accountants pursuing their career in finance. Therefore, the students are at a stance acquire Diploma in management accounting, Advanced management accounting diplomas as well as backup accounting certificate. However, this body takes a long process when marking the examinations. Before the examinations are marked, a coming together is held between the examiner and the marker whereby they discuss into details of the marking s cheme. The examiner is at a position to moderate the marking system at a closer range hence reviewing the scripts of marking. Differences There are a number of differences between a financial accountant from ACCA and an auditor from CIMA. ACCA for instance is a spherical organization that caters for financial accountants on a professional level while CIMA offers professional management in accounts internationally. CIMA deals with management on corporate strategy, budget making and variance analysis. On the other hand, ACCA concentrates on the practiced accounting that best suits tax accountants, auditors as well as corporate