ACCA vs CIMA

Assalammualaikum wbt & Salam Sejahtera & Good Day, 

Phew! Sekian lama tak membuka web blogger. Most of the time, I'm using my phone to update. Teknologi di hujung jari la katanya. Ekekeke.

Received this comment on entry new objective to be achieved,

Anonymous said...

    salam..hi sis dayah..i've smthg to ask i..do u work in an audit firm now? y u choose to take acca rather than cima..i just wanna know ur opinion..i'm freshgraduate in acctg dgree n will enter audit firm by this dcmber..
    November 11, 2012 6:29 PM

First of all, my apologies for my late reply. 

Question 1: Am I working with an audit firm? 
Answer: Yes, I am since graduate. 

Quetion 2: Why I choose ACCA rather than CIMA?

Answer: Herm. Tell you the truth, I'm dreaming to be Cost Accountant! Since study, sangat adore dengan my prof. and for me COSTING is everything. ACTUAL cost is nothing! Hahaha, apa punya statement da.  Frankly la. Without controlling your COST, what will happen to your business? COGS may more than REVENUE or your EXPENSES maybe more than GP?

Decision is made before the actual things happen, right? So Cost Accountant sangat2 important. Well, I love to do analysis. Love do judgement. Love number! 

In late 2007, I start to think. Its that worth to take CIMA. I need to take 6 papers while ACCA 5 more papers. CIMA is more tougher. I heard la. Reality not pretty sure. Tapi kan ACCA pun susah! Pheww, nak habiskan satu paper pun payah. Challenging bila bekerja + study.

Some more, I'm working in Audit Firm as Internal Auditor? Huh? Relevant ke? Haaaaaa.... lagi panjang story morrry. Working in the environment that most of senior taking ACCA including my senior in the department, I choose to take ACCA. Worth? 

Do Internal Audit and taking ACCA, what is the relevant? Haaaaa..... some times I'm also confuse. Hahahahaha. Dulu la. Now tak lagi. The paper that I took actually sangat berguna. Nak nak lagi sekarang, dah ramai mula melihat Internal Audit as future prospect. Trust me its worth. 

Whether you want to take ACCA or CIMA it is up to you. I do have staff yang ambil CIMA. Silibus wise maybe slightly difference, but sometimes we do talk about the same thing.  Study case yang sama.

Adik, you can choose which paper yang lebih adik minat. Tuition provider dekat Malaysia ini pun dah banyak. Other factor yang buat saya decide to take ACCA, it is because the study material yang senang nak dapat. Maybe that time, ramai yang ambil ACCA dari CIMA. Even now, ada portal free for ACCA, CIMA, CPA. I'm joining open tuition untuk dapatkan study material dan juga tips exam. Well bila self-study ini memang sangat-sangat sukar. So need some reference. Luckily find out open tuition. So banyak juga tips yang dapat from there. Even notes from there also berguna. There are time we can chat with the examiner. Bestkan. 

So adik, the choice is yours. This world is full of information, which paper pun you decided to take. I'm sure, there's always a way to pass the paper. All the best, dik!

Am I giving you advice? or confusing you hehehehe. Hope its helpful. Siapa pun yang membaca. Don't confuse. When you have something to decide sometimes your need 2nd opinion. Well we're not living alone in this world. Remember that.

Till meet again
-Dayah-

Updates: 24/11/2012

To Nazreena Ahman, tq so much for spending your time comment on this topic. I'm sharing your though here,

Blogger Nazreena Ahmad Khan said...
   Assalamualaikum. Hi there.
    I just wanna share my experience as a cima student.
    Im currently studying in uitm shah alam .
    I was really in dilemma about which professioal qualification i wanted to take after i completed my degree in accounting earlier this year. So i guess im not the only one facing the same dilemma. Let me help shed some light on the matter.

    Throughout the years, accounting students have this mindset that, if u wanna continue ur professional qualification , do ACCA. Even my lecturers in uitm talks about acca like it is the only option for you. But that was what frustrated me. Coz i realise that i didnt like financial accounting, not one bit. I also did my intern in ernst and young as an auditor for 6 months. And i hated it. So i decided that i dont want to become an accountant nor an auditor.

    So the question that really mattered was, what's the point of me pursuing something i do not like?

    I told myself, i'd just be killing myself and ruining my own life by pursuing acca. Pls keep in mind, im not at all saying acca is not good. Im just saying, it is not for me. It is not for someone who doesnt have the passion.

    The thing about cima and acca is that it is incomparable. The two, focus on different things.

    CIMA is a good choice for those who prefer management accounting.

    Whereas ACCA is the choice for you if u prefer financial accounting.

    Both are good in their own area.

    So ask yourself, what do u want to become ? A management accountant or a financial accountant/auditor ?

    Oh an yea, lets be clear about something. Having cima does not mean that you can only work as a management accountant, but you can work in other areas as well coz we are more intergrated into business management.

    I faced the same problem. Most of my batchmates either pursued acca or start to work in auditing firms. Honestly, i am the only one who represents my batch to pursue cima. I worried back then, i wondered why isnt anybody doing cima ? Is it not recognised worlwide ? Is it not a strong qualification? And i found out that, they were just too scared of uncertainties. Uncertain about the road not taken, they went in search for their comfort zone instead.
   

 In acca, there are a lot of friends, everyone who is anyone has an acca qualification. 'So lets just go get that', they thought. Coz everyone has it.

    I bump into a friend of mine who said she was jealous of me taking cima coz she wanted to do acca but was scared. And true, like the owner of the blog mentioned, most people, when asked, say that cima is tougher than acca. Please, i beg to differ. Like i said, they are incomparable. If u like mgmt actg, cima would be possible to attain. If u like financial actg, acca would be possible to attain.

    Im not trying to be bias. Im just trying to help u consider the options that u have coz not many ppl have a view of cima. So this is my personal opinion. Any choice u make, are not my responsibility if somehow u were to regret your decision. Please seek more information regarding acca and cima.

    Thank u for ur time for reading this verryyyy long comment :)

    November 23, 2012 3:50 PM


Ohoo... indeed pannjang^^ again the choice is yours. Whether you do ACCA or CIMA its up to you. Both is professional qualification that will give either CA or CMA. At the end you still an Accountant. Have a clear mind, what I want? In 10 years, where I am? Still in working as auditor? But personally, whether you pursue ACCA or CIMA both is useful.

Some people say, alah tak ambil pun tak apa. Why, because they are graduate from local uni that recognize by MIA. After 3 years, apply with MIA. Terus dapat CA. But you're only recognize in Malaysia. If you do ACCA or CIMA , you can go anywhere in this world working as Chartered Accountant.

Pssss. I do have friend buat professional end up surirumah. Seriously. Tapi ia bukan satu kerugian, because at the end she can still teach. Waktu lapang she teach at college. As a part timer.

10 comments:

Nazreena Ahmad Khan said...

Assalamualaikum. Hi there.
I just wanna share my experience as a cima student.
Im currently studying in uitm shah alam .
I was really in dilemma about which professioal qualification i wanted to take after i completed my degree in accounting earlier this year. So i guess im not the only one facing the same dilemma. Let me help shed some light on the matter.

Throughout the years, accounting students have this mindset that, if u wanna continue ur professional qualification , do ACCA. Even my lecturers in uitm talks about acca like it is the only option for you. But that was what frustrated me. Coz i realise that i didnt like financial accounting, not one bit. I also did my intern in ernst and young as an auditor for 6 months. And i hated it. So i decided that i dont want to become an accountant nor an auditor.

So the question that really mattered was, what's the point of me pursuing something i do not like?

I told myself, i'd just be killing myself and ruining my own life by pursuing acca. Pls keep in mind, im not at all saying acca is not good. Im just saying, it is not for me. It is not for someone who doesnt have the passion.

The thing about cima and acca is that it is incomparable. The two, focus on different things.

CIMA is a good choice for those who prefer management accounting.

Whereas ACCA is the choice for you if u prefer financial accounting.

Both are good in their own area.

So ask yourself, what do u want to become ? A management accountant or a financial accountant/auditor ?

Oh an yea, lets be clear about something. Having cima does not mean that you can only work as a management accountant, but you can work in other areas as well coz we are more intergrated into business management.

I faced the same problem. Most of my batchmates either pursued acca or start to work in auditing firms. Honestly, i am the only one who represents my batch to pursue cima. I worried back then, i wondered why isnt anybody doing cima ? Is it not recognised worlwide ? Is it not a strong qualification? And i found out that, they were just too scared of uncertainties. Uncertain about the road not taken, they went in search for their comfort zone instead.
In acca, there are a lot of friends, everyone who is anyone has an acca qualification. 'So lets just go get that', they thought. Coz everyone has it.

I bump into a friend of mine who said she was jealous of me taking cima coz she wanted to do acca but was scared. And true, like the owner of the blog mentioned, most people, when asked, say that cima is tougher than acca. Please, i beg to differ. Like i said, they are incomparable. If u like mgmt actg, cima would be possible to attain. If u like financial actg, acca would be possible to attain.

Im not trying to be bias. Im just trying to help u consider the options that u have coz not many ppl have a view of cima. So this is my personal opinion. Any choice u make, are not my responsibility if somehow u were to regret your decision. Please seek more information regarding acca and cima.

Thank u for ur time for reading this verryyyy long comment :)

fatin filza said...

Kak, nk tnya pndapat, ok x kerja smbil buat P papers? Xda life langsung or biasa2 ja? Sbb sy nk switch study mode to part-time, umo pn xbrapa nk muda, ksian kt parents jgak..nk kawen lg (ehem)...

So, apa pndapat akak kerja smbil buat P papers, bdw, sy nk kerja commercial line, dah serik keja kt audit firm..10 bulan tu ckup dh..

Akak study sndri or pg tuisyen ..n cmna jadual harian akak..dpt stdy leave x..sory byk tnya..xramai yg boleh ditanya pn.. "-____-

fatin filza said...

Satu g, kalau amik 2 paper satu sem (sambil kerja) ok x..akak amik brapa paper satu sem?

Lecturer: Jay MSc UK, Pg.Dip Marketing (UK) FCCA said...

If you already have a qualification that is recognised by MIA, go for CIMA - higher value compared to ACCA for those who don't like audit or accounting.

You will then progress into FP & A department, who are usually ear marked to become CEO of the company.

Hope that helps

hansuke said...

Fatin Filza:
On behalf of dayah (dia dulu pernah jadi boss sy, walaupon sy lagi tua skit dari dia :P). memandangkan si dayah ni sangat2 la busy dengan kije audit dia, al-maklum la, internal audit manager katakan, of course la super duper busy sepanjang masa. uhu.

ok, fatin. kalu dah decide nak masuk commercial, chances anda untuk pass paper ACCA tu sangat la tinggi, tapi only if kamu attend kelas, dan di ajar oleh 'the right lecturer', buat latihan past year, rajin buat ulang kaji dan lain2, inshallah, nak score world class result pon bole kalu dapat jawap soalan ACCA secara betol dalam masa 3 jam yang diberikan masa hari exam.

tapi bagi saya la kan, kalu kamu amik part-time acca, better kamu amik 1 paper setiap sem. lagi pon, kenapa nak cepat abis? nak kejar ape dik oi? haha~

ikut my experience, sambil kije dalam external audit (kat firm 5 terbesar dunia, cewah nak bagitau gitu uhu), memang xdan nak study langsung kalu amik 2 paper, 1 paper pon xdan sebenarnya..(percayalah, sy dah fail paper p1 n p3 june exam aritu haha~)

tapi terpulang pada diri sendiri la sbrnya, kalu kamu rasa mampu bawak 2 paper every sem part time, then go ahead, no problem. tambah pula, kamu bukannya kije kat audit firm pon kan, so bagi saya kalu kamu decide nak amik 2 paper setiap sem, cukup itu sahaja, no more than 2 ok? kalu amik lebih dari 2, inshallah, fail semua..haha~

si dayah ni, amik 1 paper setiap sem kalu kamu nak tahu. tu pon ada sem yang dayah memang xamik langsung, sebab xdan nak study katanya, terlampau busy dengan kije. pastu, dulu dayah ada study kat UiTM, kelas petang camtu, tapi dia selalu rushing nak ke kelas, so maybe dayah dah tukar jadual kot, maybe dia dah study sendiri, sebab dalam post kat atas ni pon dia ada cakap dia ada masuk open tuisyen, so i assume dia skang xdan langsung nak gi kelas. so dayah, please jawab soalan ni sendiri ye..ehe~

ok, itu saja. sorry dayah, my comment sgt panjang :)

p/s: all the best fatin n also tuk dayah, bakal jadi chartered accountant plus partner!!!!!! :P

ain said...

hi, akak, nak bertanya, akka kenal tak mana2 student CIMA yg akka boleh kenal kan kat saya? sbb saya na mencari someone yg boleh terangkan in details pasal cima, saya cuba cari contact kak nazreen ahmad khan tu, tapi tak jumpa, is there any medium I can contact her or any cima student? pleaseee, hurmm,,

fara mohd said...

hi, i was a cima student and now already a full fledged CIMA member for about 5 years.. graduated from UiTM and i am willing to share my experience and mentoring students/potential students who are keen to pursue CIMA. i can be contacted via email: maya83my@yahoo.com

Dayah said...

Thanks Fara for the info. Can I posted your email address?

fara mohd said...

sure dayah..

prince mujahadah said...

how much cost need to take ACCA? and how many paper for those who took ACCA?