Hydrogen Collection

Friday, 12 July 2013

Learning experience CIMA and ACCA

A lot of people who switching from ACCA to CIMA and backward. Even though, there are some exemption you can receive from either ACCA or CIMA. There are an overlap between 2 qualification.

Here are the list of ACCA paper

  • F1 Accountant in Business / FAB Foundations in Accountancy 
  • F2 Management Accounting / FMA Foundations in Accountancy 
  • F3 Financial Accounting / FFA Foundations in Accountancy 
  • F4 Corporate and Business Law (English and Global)
  • F5 Performance Management
  • F6 Taxation (UK)
  • F7 Financial Reporting
  • F8 Audit and Assurance
  • F9 Financial Management
  • P1 Governance, Risk and Ethics
  • P2 Corporate Reporting
  • P3 Business Analysis
  • P4 Advanced Financial Management
  • P5 Advanced Performance Management
  • P7 Advanced Audit and Assurance
Here are the list of CIMA paper

C01 fundamentals of management accounting

C02 fundamentals of financial accounting

C03 fundamentals of business mathematics

C04 fundamentals of business economics

C05 fundamentals of ethics, corporate governance and business law

E1 enterprise operations

F1 financial operationsP1 performance operations

E2 enterprise managementP2 performance managementF2 financial management

E3 enterprise strategyP3 performance strategyF3 financial strategy
T4

What do you feel about just hearing those name. Yes, it is correct that those paper are overlapped.
Let me show you clearly which one you can be confident on if you switch.
F1 ACCA ~ Co2 CIMA
F2 ACCA ~ Co1 CIMA
F3 ACCA ~ F1 CIMA
F4 ACCA ~ Co4 + Co5 CIMA
F5 ACCA ~ P1 + P2 CIMA
F6 Taxation is irrelevant to CIMA, however, there is some part in CIMA F2 mention about defer tax and corporation tax.
F7 ACCA ~ F1+ F2 CIMA
F8 Audit is less involve with CIMA however you can find some internal audit information in P2 CIMA
F9 ACCA ~ F1+F2+P1+P2
P1 ACCA ~ E3 + P3 CIMA
P2 ACCA ~ F1+F2+F3 and some more in advanced
P3 ACCA ~ F1+ F2 + P1+P2 + E1+E2  
P4 ACCA ~ F1->F3 + P1->P3 + E1 +E2
P5 ACCA ~ F1->F3 + P1->P3 + E1 ->E3
P7 ACCA is irrelevant to CIMA



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