ACCA/CIMA info
Discussion
Evening all,
I have ended up dealing with the budget at work, arguing for it, reporting it and analysing it etc. This is within a Bank.
My predecessor is partway through her ACCA qualification, I am currently looking into whether it is worth me doing.
I will be able to speak to quite a few people @ work for their thoughts on it, however I thought I would check if anyone here who has completed theirs wants to lend a few words of independent opinion.
I gather it tends to take 3-4 years and requires 3 years of professional experience.
I think either CIMA or ACCA would give me an advantage, however 'real world' opinions of each would be appreciated.
I have ended up dealing with the budget at work, arguing for it, reporting it and analysing it etc. This is within a Bank.
My predecessor is partway through her ACCA qualification, I am currently looking into whether it is worth me doing.
I will be able to speak to quite a few people @ work for their thoughts on it, however I thought I would check if anyone here who has completed theirs wants to lend a few words of independent opinion.
I gather it tends to take 3-4 years and requires 3 years of professional experience.
I think either CIMA or ACCA would give me an advantage, however 'real world' opinions of each would be appreciated.
This is the type of stuff I'm wanting to hear!
I'd be planning on doing it around work, about 2-3 hours a day then a day at the weekend.
Still torn between which to look at (ACCA or CIMA), how much of a benefit would you say your CIMA has been? In respect to glass ceilings/career route, pay etc
Cheers for the help.
I'd be planning on doing it around work, about 2-3 hours a day then a day at the weekend.
Still torn between which to look at (ACCA or CIMA), how much of a benefit would you say your CIMA has been? In respect to glass ceilings/career route, pay etc
Cheers for the help.
I'm in the lucky position (in my eyes!) of not having a family at the mo, so the time out of work is my time if you get what I mean.
Am I right in thinking FC is a financial controller? Mind giving me a brief run down of your role? OK if not.
I'm really trying to get a wider idea of careers with CIMA & ACCA when compared.
Am I right in thinking FC is a financial controller? Mind giving me a brief run down of your role? OK if not.
I'm really trying to get a wider idea of careers with CIMA & ACCA when compared.
Cheers for all the info guys - truly appreciated.
From the research so far I'm leaning tissues CIMA, looks more interesting to me personally, not knocking ACCA though!
When looking at the job ads, the jobs which require CIMA tend to draw my interest more.
Still going to do some more reading and speakIng to people in the next week before making a decision.
I'm in the odd/lucky position of being in a finance job, then looking at the qualification rather than studying and then needing to find a job to get the experience.
If my employer doesn't want to pay the fees it looks like I get 10% off with Kaplan anyway, due to who I work for. Woo Hoo!
From the research so far I'm leaning tissues CIMA, looks more interesting to me personally, not knocking ACCA though!
When looking at the job ads, the jobs which require CIMA tend to draw my interest more.
Still going to do some more reading and speakIng to people in the next week before making a decision.
I'm in the odd/lucky position of being in a finance job, then looking at the qualification rather than studying and then needing to find a job to get the experience.
If my employer doesn't want to pay the fees it looks like I get 10% off with Kaplan anyway, due to who I work for. Woo Hoo!
A couple ofquestions for those of you who have been there and done it.
- the 3 years experience required before becoming a full CIMA member, it's pretty hard to tie down what this experience should consist of - anyone able to assist?
- it would be silly for me to not look ahead, and thus have been looking at the jobs pages. Can anyone define 'part qualified'? seems pretty vage given the number of exams across the CIMA levels.
- looking at the jobs pages brings the subject of money (and being British I don't like talking about it!). Starting for a part qualified in either CIMA or ACCA appears to be £18-20k-ish, however they go much higher (late £20's). I cannot see an abvious reason for the range, again, any of you experienced guys able to help?
Sorry for the essay.
Plan for tonight: more ACCA research!
Thanks as always.
- the 3 years experience required before becoming a full CIMA member, it's pretty hard to tie down what this experience should consist of - anyone able to assist?
- it would be silly for me to not look ahead, and thus have been looking at the jobs pages. Can anyone define 'part qualified'? seems pretty vage given the number of exams across the CIMA levels.
- looking at the jobs pages brings the subject of money (and being British I don't like talking about it!). Starting for a part qualified in either CIMA or ACCA appears to be £18-20k-ish, however they go much higher (late £20's). I cannot see an abvious reason for the range, again, any of you experienced guys able to help?
Sorry for the essay.
Plan for tonight: more ACCA research!
Thanks as always.
Cheers for the info everyone, especially Family Dub - excellent!
I have now been asked to write a proposal as to why work should pay for the qualification. They have a scheme, however it doesn’t usually apply to my area of the business.
This came about as my current boss appears to be very forward thinking (get their claws into me now before I progress to a stage where it would be usual for someone in my position to move out of the department), I have nothing against this as it would provide certain assurances/security to me.
So, that's tonights work!
I think I will basically set out my experience in the past, essentially accounts based, lower level where I have put certain recording methods etc in place of my own back. Through to current work, planning annual and reviewed budgets, forecasting etc. I aim to show how having me go through the course can be of benefit to work, tying the financial and commercial aspects together etc.
Interestingly all the internal financial vacancies (well, 95% of them, the remaining 5% being audit posts) ask for either ACCA or CIMA.
Should anyone have any further suggestions they would be warmly welcomed!
Cheers,
I have now been asked to write a proposal as to why work should pay for the qualification. They have a scheme, however it doesn’t usually apply to my area of the business.
This came about as my current boss appears to be very forward thinking (get their claws into me now before I progress to a stage where it would be usual for someone in my position to move out of the department), I have nothing against this as it would provide certain assurances/security to me.
So, that's tonights work!
I think I will basically set out my experience in the past, essentially accounts based, lower level where I have put certain recording methods etc in place of my own back. Through to current work, planning annual and reviewed budgets, forecasting etc. I aim to show how having me go through the course can be of benefit to work, tying the financial and commercial aspects together etc.
Interestingly all the internal financial vacancies (well, 95% of them, the remaining 5% being audit posts) ask for either ACCA or CIMA.
Should anyone have any further suggestions they would be warmly welcomed!
Cheers,
begin!
I know - especially as my employer has agreed to meet the course/exam costs for the first 5 parts. We then review how to proceed after that.
I got slightly sidelined for 5-6 weeks due to a budget review I was given.
I'm also taking advantage of the (free!) CIMA organised events - guest speakers/training etc (I presume ACCA etc do similar things).
I got slightly sidelined for 5-6 weeks due to a budget review I was given.
I'm also taking advantage of the (free!) CIMA organised events - guest speakers/training etc (I presume ACCA etc do similar things).
It's going well so far!
Three out of the five Certificate level exams passes. I'm planning to bash the other two out of the way before xmas.
I was slightly delayed as I've been taking more on at work, technically kind-of have combined two roles now - so things are busy!
For one of the exams (economics) I was offered an exam seat two days before the exam, so I thought hell, worth a bash.
I read through the summary cards for a day, didn't open the textbook or 300 page work folder
Somehow passed, with a good mark too! Mind you, the content was pretty logical - how monetary policy is lined to inflation/unemployment/exchange rates/imports/exports etc for example.The free events are good too, I've attended quite a few re: insolvency/company turnarounds/computing/cashflow etc
Onward!
ETA: note the name change.
Edited by Roger Dodger on Saturday 17th September 12:37
Tyson1980 said:
I'm CIMA qualified (ACMA)
The qual opens many doors and you will see an increase in salary...with that also comes a lot of responsibility in some cases...
pm me for any details/advice
Ta
Thanks for the offer. PM sent.The qual opens many doors and you will see an increase in salary...with that also comes a lot of responsibility in some cases...
pm me for any details/advice
Ta
ETA: Same to you Welsh.
Edited by Roger Dodger on Saturday 24th September 16:52
Good news!
I'm planning on bashing the final 2 of the 5 certificate exams out before xmas (they don't look too bad). My employer has agreed to pay for the 1st 5, which has saved me a few thousand.
My boss pointed out that I should start writing my proposal for them to pay for the next level, so I can submit it asap when I've completed the final 2 from the certificate level. Looks like a good indication.
Win!
I'm planning on bashing the final 2 of the 5 certificate exams out before xmas (they don't look too bad). My employer has agreed to pay for the 1st 5, which has saved me a few thousand.
My boss pointed out that I should start writing my proposal for them to pay for the next level, so I can submit it asap when I've completed the final 2 from the certificate level. Looks like a good indication.
Win!
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