UK-based CA courses get popular with city students | Latest News

The accounting certification presented by the Association of Certified Accountants with Position (ACCA) and the Institute of Administrative Bills of Position (CIMA), issued by several UK agencies, is popular with the students.

Although the accounting course (CA) is sufficient to achieve good job opportunities, students who want to work abroad and benefit from the excellent workforce available to multinational companies are willing to spend. large amounts to study ACCA and CIMA in accredited institutions in the city.

Many students who have completed their class XII will benefit from these opportunities and begin to start their careers. But industry experts suggest something different.

"ACCA is considered an internationally recognized and accepted financing certification in more than 170 countries, and its program is in line with International Financial Reporting Standards. Many of the major financial managers (CFOs) from around the world Worlds are ACCA qualified," says Paul TJ, co-director, VidyaBharathi Institution Group.

He said that while it was compulsory for students to appear as a general competition test (CPT) before entering into CA, there are no such access tests for ACCA. Unlike CA, ACCA does not have a group system and students can write each paper separately.

"The results of the CA are poor as a cause of the group system. In addition, the general belief that the Institute of Public Accountants of India (ICAI) imposes serious restrictions on the number of people in the country, students who conduct their examinations each year pass, students are prepared to be in charge of the CA. The mandatory three-year contract after completion of the course is also not flattering, "he added.

Students who have completed class XII may have access to ACCA. They must explain 14 documents. CIMA is more management and accounting. The students who come to class XII for this certification must write 17 articles, among other things (14 articles and three practical matters). ACCA and CIMA courses can be completed within three years.

According to accredited institutions, CIMA is similar to a combination of MBA and ICWA courses offered in India. "CIMA has a higher level than the ACCA," said Paul. Both ACCA and CIMA offered by agencies in the UK.

The first three ACCA documents are computer-based exams. These examinations are on request and there is no limit on time or number of attempts. All other communication is in written mode and is held at an ACCA-authorized examination center, usually British Councils around the world. The installation is available in Kochi. For CIMA students can write the exam at any stage. However, they can only ignore after completing a pillar.

"Students can register for these courses online and directly at the overseas institutes. The fees must be paid in sterling," said Jayakrishnan of Lakshya CA Campus, Kochi. According to him, the accredited institutes, which offer training tasks at Rs 4 lakh for a three-year ACCA course. "This includes registration, examination opportunities and coaching fees," he added.