Traditionally CA / CMA course used to be sufficient to have a good career for a Finance Professional. With the growth of MNCs, and with digitisation, the trend is changing. Nowadays every Finance Professional needs to have a Global Professional Qualification in addition to an Indian Professional Qualification, in order to have a good career in MNCs / succeed in consultancy.
Indian Professional courses focus only on Technical Skills. Global Professional courses like CIMA & ACCA are application oriented courses. CIMA & ACCA focus on Business Skills, People Skills, Leadership skills and Digital Skills in addition to Technical Skills. Ethics is given high importance in CIMA & ACCA.
Case Studies and Objective Type questions in CIMA & ACCA make the exams very close to a scenario of working in an office.
CIMA & ACCA syllabus are updated based on feedback from the industry. For example CIMA is revising its syllabus by 2020. The new syllabus was designed in consultation with 5,500 professionals working in 2,000 organisations across the world.
The new syllabus includes concepts like Cloud Computing, Data Analytics, Data Visualisation, Block Chain, Internet of Things, 3-D Printing, Process Automation, Cyber Risks & Artificial Intelligence.
Both CIMA and ACCA are UK based globally recognised Professional qualifications recognised in 180+ countries.
The focus of ACCA is on Financial Reporting, Audit & Taxation. The course prepares a student to become a CFO in the future.
The focus of CIMA is on Management Accounting, Financial Strategy & Risk Management. CIMA trains a student to run a business. CIMA course prepares a student to become a CEO in the future or a start-up founder.
Both CIMA & ACCA are flexible courses. A student can take up the exam paper wise. The pass rates are pretty high for both ACCA & CIMA. If a student puts in the effort along with the required training both the courses are do able.
"Success comes by taking right decisions and I took the right decision of joining Ravi Shankar’s classes at SSB Global for Strategic level. The classes were very well planned, exhaustive and interactive. Apart from covering CIMA study materials for E3, P3 and F3, Ravi Sir shared his knowledge and experience in understanding the concepts better with context and facilitated discussions to share our views and experience. Key aspect was the sessions on understanding the pre-seen, analysing scenarios and issues and applying the concepts we learnt to address them."
I would like to appreciate and thank Ravi Sir for giving me this enriching learning experience and guidance throughout which were the main contributors to my success in clearing CIMA.
CIMA prepares people for a career in business. It teaches skills for strategic advice, managing risk and making key decisions.SSB Global Academy - Learning Partner for CIMA.
The ACCA qualification develops the accounting skills and professional values resulting in a successful career in Finance and Accounts.
IMA® (Institute of Management Accountants) is the worldwide association of accountants and financial professionals in business.