How to distinguish CFA, ACCA, CIMA and Actuaries

ACCA--focuses on accounting, especially industrial and commercial accounting----British Chartered Certified Accountants-------accounting firms, senior corporate accountants, the editor will send you another ACCA exam self-study package, You can share it with your friends, pick it up, and click: ACCA Information Beginner’s Guide Internal Handout Analysis Audio

CFA----Focus on stock and bond analysis------U.S. Certified Financial Analyst----- Investment banks, securities companies

CIMA---focuses on management accounting-----Chartered Management Accountant------The senior corporate accountants are exempted from the exam. Relationship:

If you take the ACCA exam Come out (14paper)

CFA----There is no exemption from the exam because the British and American accounting systems are very different.

CIMA----11 exams are exempted, that is, after passing the ACCA exam, you only need to take 4 more exams That is the CIMA difficulty comparison:

ACCA: 14 subjects, most of which are exempted from the exam in the first stage. For Chinese people, 2.3 is easier to pass in the second stage, 2.4 and 2.5 are more difficult, and the difficulty increases significantly in the third stage, especially 3.1 and 3.2, the questions are very interesting... If you pass the previous exams, the last three (required to be taken together) will be relatively not difficult (note that,,,,, the difficulty is still not small. ..)..But think about how many people can survive the last three exams...

Some people say that domestic exams are more difficult than ACCA. This is definitely a misunderstanding. Domestic Notes The exams are becoming more and more biased, and I personally think that they have gradually deviated from the purpose of the exam. Just to control the passing rate, some very biased questions are given.

The difficulty of ACCA lies in the students. The combination of analytical skills and practice. For example, in the ACCA exam, a paragraph is usually given to analyze the company's accounting statements and give suggestions to the company. This content is also designed in cost management and accounting in the domestic CPA exam, but There is a big gap in requirements. ACCA requires you to write an essay, make a comprehensive analysis of the company's capabilities, and at the same time put forward practical suggestions based on the company's problems. Domestic CPA requirements in this part. ． ． ． I think it's superficial. I say these words not to look down on the domestic CPA, but in order to control the passing rate, I blindly give wrong questions instead of paying more attention to the questions that should test the ability. I think this is really undesirable. CFA: 3 level, ***three level exams, the first level is relatively easy. Some of my friends did not participate in any training and passed the exam by self-study. The second level became obviously difficult. I read 6 books in one exam. Not to mention the third stage. So far, I only know that one of my friends has passed the CFA exam.

CIMA: 15 subjects. The pass rate for a single subject is higher than ACCA. It pays great attention to analysis. Ability is relatively difficult for Chinese people.

ACCA and CIMA are both regarded as golden certificates in the accounting industry in China

But I personally feel that ACCA is stronger than CIMA, not that Because the exam is more difficult, but because ACCA has a huge publicity campaign, while CIMA has basically no publicity, so ACCA is more valued than CIMA in China.

Personally, I think whether to study ACCA, ICAEW or take the CPA (China CPA) is decided based on personal development intentions.

If you want to stay in the UK forever, learning ICAEW is more useful than ACCA. ICAEW England and Wales CPAs are the most authentic in the UK. Accountant.

But if you want to return to your country, ACCA is definitely more useful than ICAEW. Although ICAEW is more popular in the UK than ACCA, you have to go back to your country and you need to be recognized by the local people, but not by the British. Identification is not relevant at all. A friend of mine spent nearly three years studying ICAEW. After returning to China, he said that he was an ACA (the abbreviation of ICAEW). The recruiter asked him if he was wrong and whether it should be ACCA... ...This recruitment unit is still

One of the four major universities in China,,,,,,,,,,, if you can’t decide whether to take the ACCA exam in China or the UK, because although ICAEW is better than ACCA in the UK, based on my experience with my friends, I can’t decide. How awesome is it? ACCA is equivalent to a senior accountant certificate. It is actually the same level as ICAEW, except that one has the right to sign and the other does not. But please note that if you pass ACCA3.1, you will have the right to sign, that is = ICAEW, so there is not much difference at all. .If you go back to China, I don’t need to say more. People in China think that ACCA is more powerful than CPA....

As for CPA, I think if you already have ACCA, there is no need to take the CPA exam, because most people I won’t always work in an accounting firm, so it doesn’t matter whether I have the right to sign.

And in China, employers pay more attention to ACCA than CPA, so I think that with ACCA, there is no need to take the CPA exam again. .

CFA---Investment companies or investment banks, mostly engaged in stock and securities analysis. To be honest, I personally think it is best not to take the CFA exam. The reasons are as follows: 1. The reason why CFA is popular during this period is Because it has been heavily publicized during this period, no one can say what will happen after this period. In contrast, the reputations of ACCA, CIMA, and actuaries have been stable for a long time, so I personally feel The other three certificates are safer. 2. It takes at least two and a half years to take the CFA exam, because level 2 and level 3 are taken once a year, while the other three certificates are taken twice a year. There are more opportunities. Although there are more papers, Relatively speaking, it is possible to pass three courses in ACCA and CIMA at one time.

3. More importantly, ACCA and CIMA recognize Chinese undergraduate qualifications. Although there are many courses, there are also many exemptions, so for undergraduates, it is Students who study accounting are more likely to get it in less than two years. As for CFA, I haven’t heard of anyone who has gotten the exemption. ACCA can be compared with CIMA, but it cannot be compared with CFA and actuaries.

If you have an accounting background, or interested in accounting, **Choose ACCA and CIMA; if you have a finance or investment background, CFA should be more suitable; if you have an insurance or mathematics background, you should choose an actuary.

These certificates actually have negative realities.

For example, CFA. As far as I know, my friend who passed the CFA exam (now in Shanghai) feels that Chinese securities companies are no longer I attach great importance to this, because CFA learned a set of American theories, but China's securities and stock markets have their own unique operating rules. It cannot be said that this American theory is completely unworkable in China. It can only be said that the scope of application is very narrow. He is from Beijing jumped to Shanghai. Now Beijing’s treatment of CFA is no longer the same as it was at the beginning of this year. CFA is gradually cooling down. He himself felt that the treatment at CFA in Beijing was not as good as Shanghai, so he jumped to Shanghai. I am not talking about one or two people. He has worked in several major securities companies in Beijing. He feels that Beijing generally does not recognize CFA very much. Shanghai is slightly better than Beijing, but not much better. Moreover, now that Chinese actuaries have been born, in the future It is still unclear whether you recognize the CFA program or not. So I would like to remind everyone that the academic certificate must depend on its long-term development. Don’t say what is popular in China during this period, I will take the exam. (Note: The Chinese Actuary Examination Syllabus covers the CFA The main content) ACCA and Cima:

There is no need for many CPAs in an accounting firm, just a few. How many accounting statements can be audited in one year? And even if they sign, even the senior If you don’t have the authority to sign, who is now saying that you have the ability to be promoted to manager or partner after passing ACCA or CIMA? My friends from the Big Four in China said that the Big Four encourage you to take the CPA exam because you are good at it.

The comprehensive knowledge of accounting will be improved. It doesn’t mean that you are actually asked to sign if you are a certified public accountant. What’s more, ACCA and CIMA have no signing rights at all in China. In this regard, ACCA and CIMA are indeed not as powerful as CPA. Even if you If you pass the ACCA exam, you will get an additional 500 yuan (KPMG) every month. It is the same as the Chinese CPA and master's degree. As for some people saying that ACCA can bring you an annual salary of 500,000 yuan, I only have one friend who is like this, but he has been working for 5 years Okay,,,,,, so the reason why people can have such a high income is not largely based on ACCA, but on work experience and ability.

You can’t say which of these certificates is the most valuable. Because they are certificates in different fields. I think the difficulty can be compared with each other, but the gold content cannot be compared. I don’t think you can expect to earn a lot of money after taking these certificates. This is impossible. . After passing the exam, you must look at your personal development potential. These certificates only give you a chance to win over others when you compete with others. Whether you can seize the opportunity will determine Another thing I said. The editor will give you another ACCA exam self-study information package, which you can share with your friends. Pick it up by yourself. Click: ACCA Information Beginner’s Guide Internal Lecture Notes Analysis Audio