Does CPA still have a career development prospect?

Which employment prospect is better, ACCA or CPA? A higher starting salary? Two days ago, a classmate asked me: How should I choose between CPA and ACCA? I don't know if I am suitable for learning ACCA, just take a short test. Poke: ACCA pre-school assessment Of course, this difference can't be clearly stated in a few words, so today I will compare the differences between ACCA and CPA in detail. Students can choose suitable study tours according to their career development plans.

Training objectives

ACCA: Training compound senior management talents, not bookkeepers or auditors.

Certified Public Accountant (CICPA): To train certified public accountants, the goal is to train professional and technical personnel in accounting and auditing.

admit

ACCA: international recognition: high. There is a mutual exemption and recognition agreement with global 19 accounting institutions. However, it is mainly aimed at developing countries and is known as the "international accounting passport". Domestic recognition: it is the highest among all international accounting qualifications at present.

CPA: International recognition: low. Only mutual exemption and mutual recognition agreements with HKICPA and institute of chartered accountants in england and wales. Domestic recognition: Very high. The Association was founded in 1998, and currently there are nearly160,000 members in China (official data is 20 12).

Covering knowledge system

ACCA: Sixteen courses, including financial reporting system, auditing system, financial management system, legal system and tax system. These courses are distributed in three stages, step by step and gradually deepened, covering all subjects of undergraduate financial teaching and some subjects of postgraduate teaching.

Certified Public Accountant (CICPA): The new examination subjects are set to "6+ 1" mode (the examination mode is gradually approaching ACCA);

Professional economic law, tax law, financial cost management, accounting, auditing, corporate strategy and risk management (new); Advanced stage: comprehensive test-intellectual skills, technical and applied skills, personal skills, interpersonal and communication skills, organizational and business management skills, etc.

Required accounting basis

ACCA: It is a complete knowledge structure that pays equal attention to accounting and management. Starting from scratch, you can teach yourself, and it is also suitable for people who have no basic or accounting background.

Certified Public Accountant: Although there is no mention of professional requirements in the enrollment information, in fact, the compilation of teaching materials for certified public accountants is based on certain basic accounting knowledge. If you want to take the exam, you need to chew at least a few introductory accounting textbooks. Otherwise, if you get the test paper, you won't understand its content at all.

Examination angle and question type

ACCA: Based on actual cases, it emphasizes the ability to analyze and solve problems, and needs to comprehensively consider financial factors and non-financial factors. Except for the objective questions in the first stage, the questions in the later stage are subjective, and there is no absolute standard answer. Examiners like to see original opinions, unexpected but reasonable logical analysis, and proper connection with real life cases.

CPA: Focus on technical standards of accounting and auditing, and generally only consider financial factors. The key is to calculate quickly, accurately and accurately. Test questions are subjective and objective questions, which are divided into half and half, and often do not require contact with reality, and have only standard answers.

passing rate

The global average pass rate of ACCA is 40%-50% every year, and the pass rate of low-level subjects is higher. This is because ACCA did not deliberately control the pass rate. When students' real level reaches the passing standard, they can often pass the exam.

The annual pass rate of CPA is about 10%. Faced with so many candidates in China, examiners often put forward some off-topic and strange questions to achieve such a pass rate.

Examination language

ACCA is written in English from teaching materials, exercises to exams, so taking exams requires certain English ability, and it is undoubtedly the international compound talents who are proficient in professional English who finally complete ACCA exams.

CPA: There are five English additional questions in the Chinese comprehensive stage of textbooks and exams.

Career development prospects and signing rights

ACCA: I don't have the right to sign audit reports in China (nor do other international accounting qualifications). ACCA's career development: accounting firms or enterprises or financial industries, this is relatively broad. It is easier to knock on the door of foreign companies, and its internationality is especially favored by large state-owned enterprises or private enterprises that need to "go global". The biggest help for personal career development is that after accumulating several years of experience, if you can be a manager, your advantages will be more obvious. At the same time, ACCA qualification is of great help to go abroad and immigrate.

CPA: It is the only accounting qualification in China that has the right to sign audit reports (for the purpose of protecting the domestic CPA system, many countries in the world only allow domestic accountants to have the right to sign). It is most suitable for accounting firms, but once they leave China to develop in other countries, they lose their advantages, so many people with CPA qualifications also take the ACCA exam to ensure their international development space.

salary

ACCA: The annual salary of members is mainly between 654.38+ 10,000 and 800,000. Among ACCA members, the main salary range is 6.5438+10,000-300,000, and the starting salary is above 50,000. 3 1-40 years old ACCA members' salary range is 200,000-500,000.

CPA: If you graduated from the four universities, passed six subjects in the professional stage in the year of graduation, and then passed the comprehensive examination in the first year of work, then in the senior year, you can apply to become a CICPA with the right to sign. What was your salary then? Let's take the senior 1 salary level of four first-tier cities in 20 14 years as an example.

(basic salary 10500+ qualified salary1500) *13 =156000.

Note that this is your salary for the second year after graduation.

I don't know if I'm suitable for learning ACCA. I'll know after taking the exam once. Poke: ACCA pre-school assessment.

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