This discussion is now closed.

Check out other Related discussions

Best Accountancy Qualification?

Whats the best accountancy qualification to train for? Specifically, what is the best one to train for which can be completed in one year of part-time/evening/own-time study?

Scroll to see replies

Reply 1

Roll-The-Dice-And-Win

wooba booba....one year completion of accounting qualification? ha ha ha ha....they take 3 yrs...

www.google.co.uk for you.

Reply 2

Clubber Lang

You can do AAT which is like the lower level. I am not sure of the requirements.

After that you can move onto ICAEW (Chartered) or ACCA (Chertered Certified) - both of those require 3 years of work experience and loads of exams - usually spread out over 2-3 years as well.

Reply 3

peter321

ok but if you eventually manage to complete all those required exams and become chartered accounant what kind of salary can you expect ?

Reply 4

Wiseguy.

1) aca
2) acca
3) cima

Reply 5

Clubber Lang

peter321

ok but if you eventually manage to complete all those required exams and become chartered accounant what kind of salary can you expect ?

Look at REED.CO.UK for newly qualified ACCA and ACA (i.e after 3 years exp) working in practice (i.e accountants that go round to other peoples business and sort the finances out) you would earn around 24-30k depending on your company (this is South England but not London).

I haven't looked into CIMA but thats when you work for an actual business and look after their money - the wage depend son the business I guess and will rpobably vary a lot.

Reply 6

NViasko

The rule of thumb is that it generally doubles after training.

Reply 7

fubu

The AAT is often taken by college/school leavers before studying for CIMA or ACCA. I don't think it would make any difference when applying as a graduate since all the larger accountancy firms (big 4 and mid-tier) tend to put you in for the ACA.

Reply 8

Singh_87

Agree with goodfella.

Reply 9

TheAP

x.narb.x

Whats the best accountancy qualification to train for?

In industry:
CIMA
ACCA

In practise:
ACA
ACCA

Pretty sure you cannot train for the ACA whilst in industry.
ACA is supposed to be the most difficult.
The best qualification to train for depends on many things;who your're working for, how many exemptions you get from your degree

For example:

- (I think) Deloitte prefer thier auditors training for CIMA.
- From an Econ or Econ & Finance/Management degree from Bristol for example, you cant get exempt from 33% of CIMA and 7/8 papers from the ACCA (think there is around 16 in total).

And there's also another qualification for public accountants.

Reply 10

Zurg

In industry

CIMA
ACCA
ICAS
ICAEW
CIPFA

In practice

ICAS
ICAEW
ACCA
CIMA
CIPFA

Government etc

CIPHA
CIMA
ACCA
ICAS
ICAEW

It used to be possible to train in commerce and industry for the ICAS qualification but was only offered by large organisations Those in practice however had the major advantage of being involved in audits and tax work on a regular basis which gave them a major advantage at exams and those in commerce and industry struggled badly to pass their exams.

Reply 11

TheAP

May be wrong, but I think the ICAEW isnn't a qualification, but rather an organisation of which you can become a member after taking the ACA for example.

Reply 12

RJA

The ICAEW runs the ACA course.

Reply 13

Singh_87

As much as I know, The Asian Prodigy is correct.

Reply 14

Purple

The ICAS is the Scottish version of the ICAEW

Reply 15

RJA

This might help:

The ACA stands for Associate Chartered Accountant and is the professional qualification from the Institute of Chartered Accountants in England & Wales (ICAEW).

Reply 16

Econ4m1t

ACA chartered accountants are known as "more respectable" in the financial world than ACCA certified accountants..simply because the tests are harder..more mathematics involved etc etc

Reply 17

Clubber Lang

Econ4m1t

ACA chartered accountants are known as "more respectable" in the financial world than ACCA certified accountants..simply because the tests are harder..more mathematics involved etc etc

Thats an 'old school' viewpoint. Many of the older accountants around at the moment are chartered because thats what was big back in the day. However, I believe ACCA is growing much faster than the ICAEW so in the future there will probably be more ACCA around than ICAEW.

Reply 18

fubu

Deloitte auditors do the ACA. Nearly all audit and tax service lines do the ACA with the exception of PCS, Wealth Management and the FSA Practice. The consultants take CIMA and some of the corporate finance service lines do ACA.

Reply 19

mathsiseasy.couk

have a look at www.kpmg.co.uk there careers section has school leaever training programme you go in after a levels and study AAT alternatively you can go in after a degree and study ACA i believe