Personal Finance Software For Usa And Uk And Australian Banks Pursuing Professional Qualifications in Accountancy

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Pursuing Professional Qualifications in Accountancy

Accounting is one of the most popular professions offering many opportunities in various fields like auditing, tax consultancy, management consultancy, company secretarial services, financial management etc. Accountants work in all business sectors such as private sector, public sector, banking and commerce.

Individuals can study for a number of specialized qualifications offered by professional associations at a higher education college or university. There are various professional bodies in the accounting sector that offer internationally recognized qualifications, for example, ACCA, CIMA, ICAEW and others.

The following are the most reputed accounting bodies that are widely accepted and recognized around the world:

-ACCA (Association of Chartered Certified Accountants):

Founded in 1904 and has test centers in more than 130 countries. ACCA students are now able to gain dual qualifications throughout their studies – (1) ACCA professional qualifications, and (2) a Bachelor (Hons) in Applied Accounting from the UK’s top new university, Oxford Brookes University. The exam is held twice a year (June and December).

-CIMA (Chartered Institute of Management Accountants):

Founded in 1919 with over fifty centers worldwide, CIMA is the world’s leading management accounting body. It consists of fifteen examination papers at four levels: certificate level, managerial level, strategic level and TOPCIMA (Final Examination of Professional Competence in Management Accounting). Examinations are conducted twice a year (May and November).

To obtain professional membership from the above accounting bodies, students are required to pass all the association’s examinations and obtain at least three years of relevant training or approved work experience.

A wide range of study options are available to meet the needs of all students. Students can choose from full-time, part-time study by day-release, home study, distance learning, correspondence or a combination of these methods. Today many UK universities offer professional accounting programs such as ACCA and CIMA. However students can apply for exemption from certain professional examination papers after obtaining a degree in Accountancy from a reputed university.

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