Would you prefer to do ACCA or CIMA

Professional examination in accounting (not WP)

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Professional examination in accounting (not WP)

Hello everyone,

I work in the accounting department of an international company and there will be an orientation meeting with the head of Rewe about possible professional examinations in the near future, as these are very welcome and desired with us. However, in principle it does not matter to my employer which exam. In addition to the requirements for the exams and the difficulty, my career is also important to me. It would therefore be helpful if you could tell me which of the following exams (or none of the above) are most beneficial for a career in accounting. Of course, also in the case of a new employer.

Briefly to me. I have a master’s degree in accounting and have been with the Big4 for an internship, but I quickly realized that this is not for me, so the WP is not applicable.

I chose the CPA, CMA, ACCA, CIMA or the classic Stb (I could turn it into Tax because of the shared department and would also have a reference and it is said that this is also welcomed in accounting).

The international accountant would be less interesting at first, even if he might not be so bad for entry (the exams are generally difficult).

Hence my question, which one would you do?
Do more than one make sense?
Can I possibly have these credited against each other? So when I have a CPA, the ACCA exempts me from exams or something (keyword exemptions).

Are there any other senses that I have forgotten (please don't come up with a CFA or MBA, I'm not interested at all)

Thank you for your help.

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Professional examination in accounting (not WP)

Delete the accountant. It signals directly: clerk. If the exam isn't for you, then CPA and ACCA probably aren't your thing either. StB would be primarily interesting if you were to sit in a tax department, accounting is by far not as deep in the exam as in the WP exam (I have passed both myself). Nationally of course StB / WP most respected, internationally CPA or ACCA recommended, possibly CMA. Personally, I think CIMA is not that plump (hope I don't confuse the two again ...)
;-)

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Professional examination in accounting (not WP)

WiWi Gast wrote on July 2nd, 2018:

Delete the accountant. It signals directly: clerk. If the exam isn't for you, then CPA and ACCA probably aren't your thing either. StB would be primarily interesting if you were to sit in a tax department, accounting is by far not as deep in the exam as in the WP exam (I have passed both myself). Nationally of course StB / WP most respected, internationally CPA or ACCA recommended, possibly CMA. Personally, I think CIMA is not that plump (hope I don't confuse the two again ...)
;-)

First of all, thank you for your answer. So I am interested in the exam topic and I am primarily concerned with building up expert knowledge in Rewe in order to push my career, hopefully one day in the direction of Rewe director. I think maybe the CPA or ACCA is also suitable for this. I decided against the auditing company because life as an auditor doesn't suit me. When it comes to titles, I'm only interested in building and growing knowledge and signaling for my career.
Do more than one make sense, so a combination of CPA and starboard or ACCA and starboard?
Or also CPA and ACCA? (does that even make sense)

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Professional examination in accounting (not WP)

WiWi Gast wrote on July 2nd, 2018:

First of all, thank you for your answer. So I am interested in the exam topic and I am primarily concerned with building up expert knowledge in Rewe in order to push my career, hopefully one day in the direction of Rewe director. I think maybe the CPA or ACCA is also suitable for this. I decided against the auditing company because life as an auditor doesn't suit me. When it comes to titles, I'm only interested in building and growing knowledge and signaling for my career.
Do more than one make sense, so a combination of CPA and starboard or ACCA and starboard?
Or also CPA and ACCA? (does that even make sense)

Decide in which legal framework you want to operate.

  • UK-GAAP / IFRS? -> Do the ACCA
  • US GAAP? -> CPA
  • HGB and IFRS -> WP
  • National TaxBi? -> StB

But all of the above-mentioned professional examinations still have a substantial share in non-accounting topics; must be aware of. While the good old combination of tax and security fee still makes sense (crediting), I see a combination of ACCA / tax billing rather critically. There are only minor overlaps in daily work here.

As I said, "Signaling" = WP, but that's already formally ruled out here.

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Professional examination in accounting (not WP)

WiWi Gast wrote on July 3rd, 2018:

WiWi Gast wrote on July 2nd, 2018:

First of all, thank you for your answer. So I am interested in the exam topic and I am primarily concerned with building up expert knowledge in Rewe in order to push my career, hopefully one day in the direction of Rewe head. I think maybe the CPA or ACCA is also suitable for this. I decided against the auditing company because life as an auditor doesn't suit me. When it comes to titles, I'm only interested in building and growing knowledge and signaling for my career.
Do more than one make sense, so a combination of CPA and starboard or ACCA and starboard?
Or also CPA and ACCA? (does that even make sense)

Decide in which legal framework you want to operate.

  • UK-GAAP / IFRS? -> Do the ACCA
  • US GAAP? -> CPA
  • HGB and IFRS -> WP
  • National TaxBi? -> StB

But all of the above-mentioned professional examinations still have a substantial share in non-accounting topics; must be aware of. While the good old combination of tax and security fee still makes sense (crediting), I see a combination of ACCA / tax billing rather critically. There are only minor overlaps in daily work here.

As I said, "Signaling" = WP, but that's already formally ruled out here.

Well, that with the legal framework is of course correct, but unfortunately a big problem for me, since the decision cannot be made from the current point of view. If I take my area of ​​responsibility as an indicator at the moment, which includes taking care of the accounting of the foreign subsidiaries, I would have to do the CPA and the ACCA, since we have both (in addition to IFRS). But since I probably won't work there my entire professional life, it will be difficult to decide in which legal framework I should and would like to move. My goal is to stay in Germany.

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Professional examination in accounting (not WP)

WiWi Gast wrote on July 4th, 2018:

Well, that with the legal framework is of course correct, but unfortunately a big problem for me, since the decision cannot be made from the current point of view. If I take my area of ​​responsibility as an indicator at the moment, which includes looking after the accounting of the foreign subsidiaries, I would have to do the CPA and the ACCA, as we have both (in addition to IFRS). But since I probably won't work there my entire professional life, it will be difficult to decide in which legal framework I should and would like to move. My goal is to stay in Germany.

Nobody can help you with this decision. Here it is up to you to decide what you want yourself.

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Professional examination in accounting (not WP)

Basically you should check your exemptions on the ACCA global homepage. As a rule, 3 modules should be omitted for a Uni Master, so that you only have to write 11 instead of 14. Especially since you could also choose the IFRS track for certain exams at the ACCA. Assume that you can plan about 10 full-time learning days per module (sometimes less). The exam is offered 4 times a year and theoretically you could write up to 4 modules per appointment. If you hold on and diesels start with 2 modules in September and add 2 modules in December, then you would be finished by the end of 2019. But of course you also have the flexibility to postpone the exams as it fits into your private and professional planning. Then you could still focus on the CPA.

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