ACCA or ACMA after completing MBA ???

Brother before taking any decision you must consider following significant factors.
1-ACCA (Association of Chartered certified Accountants) and ACMA (Association of Cost and Management Accountants) are Professional accountancy bodies affiliated with IFAC(International Federation of Accountants).ICMA is incorporated in Pakistan ,however it has recently extended its operation in middle east and canda.Its members are working in Pakistan as well oversees. ACCA, though a UK based organization, is working across the globe with more than 100000 members.
2-Theorticaly the scope of both organizations is different.ACMAs are prepared to work in the areas of Management and Cost accounting while ACCA is general accountancy qualification. But practically scenario is different as syllabus of the both the qualifications resembles to greater extent and their members are groomed professionally to work in wide ranging areas such as General accounting, Audit, Sectarial Practice, Treasury, Consultancy(Public Practice), Taxation, Finance and Cost Accounting etc.
3- Most of the Professional accounting bodies, all over the world, are associated through IFAC and have established working relations with each other. As a part of these relationships, Member of one accounting body can attain the membership of other, either on reciprocal basis or after qualifying certain examination. For example Institute of Chartered Accountants of Pakistan (ICAP) awards full membership to members of Institute of chartered accountants of England and Wales, CA Canda, Australia and New Zeeland. In this regard ACCA has wider international acceptability than ACMA.
4-Now coming to the difference between both qualifications, ACMAs don’t enjoy as much international recognition as ACCA. Moreover, being CMA you have very limited opportunities to start public practice while ACCA have the opportunity to practice as External Auditor in many countries like UK, Middle East and Singapore.

I have tried to share general information. If you have any specific point ,you can ask with out hesitation.

__________________
Hoee hay jab say mukhalif hawa zamanay key......
Humain bhee dhun see hoee hay diaa jalaanay key

@ Saleeqa Batool

Very well defferentiated ACMA v/s ACCA.
but what about MBA.............................
i am also MBA (Local UNI) and working in Public sector organization.
now what should i do now? (i mean, i want to study more so plz let me know, after MBA, what is more beneficial field of study) .

regards

__________________
Jo Sauraj se bhi hiddat cheen lai gain
Kuch asay akheer logoo se wasta he

It will be better for u that after MBA u Joion ACMA because it is a very vast field of Accountancy and Management More ever it is less expensive than ACCA and have a very charming jobs than ACCA

wishing for u a good future

@idresse

You will appreciate that MBA is a comprehensive qualification and a real channel to enter in to highly lucrative ,corporate world Business Managers are supposed to work on any kind of managerial position. If still you intend to upgrade your skill in specific area then countless options are there.

First of all you must decide a specific field in which you wan to excel keeping in view your aptitude, interest , market conditions and physibility. Number of internationally recognized Professional institutions are working in Pakistan. I am giving below the details of certain some of these institution.

General Accounting: ICAP,CPA(USA),ICAEW(UK),ACCA(UK)
Management Accounting:ICMA,CIMA(UK)
Investment and Finance: CFA(USA)
Internal Audit: CIA
IS Audit: CISA,CISM
Risk Management: GARP
Banking: IBP
Sectarial Practice: ICSP(Pak)
Taxation: Chartered Institute of Taxation

You can ask for details about any of the above mentioned institute.

@Rahat Ullah Hanzallah

I haven’t said that ACMA is not better option. In Pakistan, it has more acceptability than ACCA especially in Public Sector where it is treated at par with the ACA (ICAP). However at international level, ACCA is considered international passport because of it dynamic role and collaboration with international organization. As I said earlier ,you can start public practice in some countries as External auditor on the basis of ACCA. This is a great privilege not enjoyed by ACMAs even in Pakistan (In Pakistan only ACAs are entitled to do public practice).

Even in Pakistan, ACCAs is penetrating in market and I know the people working on very high positions with ACCA qualification. Recently ICEAW has started its operation in Pakistan. You need to qualify only 2 papers after ACCA to become member of this highly prestigious organization and afterwards you have the opportunity to become ACA(PK) .

Another important difference between ACCA and ACMA is the study scheme. ACCA offer you the opportunity to qualify the 14 papers at your own pace during the exams held biannually. Even you can appear in the 1 paper .Moreover when you attain 50pc marks ,you are declared pass. However this is not the case with ACMA.There is myth)(I don’t know the actual position) that ACMA pass candidates on basis of Market Demand. No 1 know the pass percentage. This is the reason that most of the candidate qualify ACMA after so many attempts.

As for as cost is concerned, ACCA is less costly than MBA Program of any university in Pakistan. Although it cost a bit more to ACMA but in long term career perspective these minor monetary differences are not considerable

__________________
Hoee hay jab say mukhalif hawa zamanay key......
Humain bhee dhun see hoee hay diaa jalaanay key

Yes i understand that, please.


please let me know the details of the above highlighted instituitions....

Thanks
regards

__________________
Jo Sauraj se bhi hiddat cheen lai gain
Kuch asay akheer logoo se wasta he

Can anybody please prvide the structure of CIMA gateway assessment paper for MBAs.

Also Recommend the good book for preparation of it........

Yesterday, i visited icmap lahore they give the following pattern for gateway assessment examination.
Part a. Fundamentals of cost and management accounting
B. Commercial laws and professional ethics
C.financial accounting
D.information system and it audit(it audit only)
It is two page detailed of the above mentioned subjects.

could you tell me which has better scope in Pakistan from following ..... CA ACCA CIMA ICMA