Accounting certifications offered by the Association of Chartered Certified Accountants (ACCA) and the Chartered Institute of Management Accounts (CIMA) issued by various agencies in the UK are gaining popularity among students.
Although public accountant (CA) course is sufficient to provide good employment opportunities, students who aspire to work abroad and take excellent opportunist available work multinationals are willing to spend a lot to ACCA study and CIMA in the institutes city accredited .
Many students who have completed class XII intend to seize these opportunities and start their careers. But industry experts suggest otherwise.
"ACCA is considered an internationally recognized financial certification and acceptance in more than 170 countries.The program them is consistent with that of International Financial Reporting Standards financière.Les chief financial officers (CFOs) in the world is a staff qualified ACCA" Paul said TJ, associate Director, Group VidyaBharathi institutions.
He said that while it was mandatory for students appearing for the examination of common competition (CPT) before proceeding with the AC, no such tests of access for ACCA. Unlike CA, ACCA has no system of group and students can write each item separately.
In addition, the general belief is that the Institute of Chartered Accountants of India (ICAI), the governing body imposes severe restrictions on the number of students who pass the exams each year. Students are very happy to accept CA. The mandatory three-year commitment after completing the course is not flattering, "he added.
Students who have completed class XII can follow the ACCA. 14 documents should stop. CIMA is more about management and accounting. Students appearing for this certification after class XII written 17 articles, including (14 documents and three case studies). ACCA and CIMA courses can be completed within three years.
According accredited institutions, CIMA is like a combination of ICWA and MBA courses offered in India. "The CIMA is higher than the ACCA level," Paul said. ACCA and CIMA provided by organizations in the UK.
The first three documents are computer ACCA exams. These tests are in sight and no restrictions of time or number of attempts. The rest of the documents are in write mode and carried out by an authorized inspection center for ACCA normally focuses the British Council worldwide. The service is available to Kochi. For CIMA, students can take the test at any time. But they can not study the case after finishing a pillar.
"Students can enroll in these courses online, and directly with the institutes to étranger.Les fees must be paid in sterling," Lakshya Jayakrishnan CA Campus, Kochi said. According to him, accredited institutes offering training costs about Rs 4 lakh for ACCA three years. "This includes the registration fee, examination and training," he added.
