Friday, May 14, 2010

CIMA or ACCA? I want to focus on preparing accounts, not budgeting / cost control / business planning??

I am a Management Accountant in industry %26amp; my role entails cost control, forecasting, ad-hoc financial analysis, month-end reporting / journal uploads, billing, etc. My job involves a great deal of administrative work %26amp; I also have to regularly chase / pester managers for various bits of information, which can be very tedious %26amp; boring.





I would much prefer to work on preparing accounts for external clients, focus more on my technical accounting skills, maybe even specialise in tax or work in practice...but I definitely do not want to do audit - is it possible to work in practice %26amp; avoid audit alltogether?





Basically, I don't want to work on forecasts/budgets/business planning or do audits but I do want to prepare client accounts %26amp; assist with their accounting needs - can anyone advise what type of company I should focus on securing a position with?





Also I am studying for the foundation level CIMA certificate but should I swap to ACCA for the professional qualification? Thanks!CIMA or ACCA? I want to focus on preparing accounts, not budgeting / cost control / business planning??
ACCA is for you i think. They have 2 audit papers as an option, not compulsory. They have 2 taxation papers (one advanced), less emphasis on people management, more on accounting practice.





Also, if you want to specialise, have a look at the CTA, (i think thats what its called) Chartered Tax Accountants.





If you are looking to secure a suitable workplace, it might be worth looking at a BA Hons in accounting and taxation, some offer a work placement in the second year. (full time course though).CIMA or ACCA? I want to focus on preparing accounts, not budgeting / cost control / business planning??
yeah, ACCA sounds more like what you want. I study CIMA, its more about management and good financial over view. My boss, who's an ex lecturer says there is not difference really between the two, except for added emphasis of the audit function on ACCA.
It has to be ACCA. Qualified Accountant.

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