Acca Accounting
is it possible to study acca, cima and aat and other accounting qualifications in other countries?
basicly im thinking of studying one of the accounting qualifications but i want it to be accessible worldwide thus i can study anywhere and also work anywhere in the world with that qualification. is AAT open to oversea students? and which course is best to take? and which one would work out cheaper coz they are expensive
You can study for both ACCA and CIMA in other countries as they are internationally recognised chartered accountancy qualifications. However, out of the two qualifications the ACCA has the most comprehensive global coverage.
The choice regarding which of these qualifications to study for depends on what area of finance you wish to specialise in. If you are looking for a career in industry as a management accountant then the CIMA qualification will be best for you. However, if you are hoping for a career in public practice as an auditor or tax advisor then you should study for the ACCA exams.
You must, however, realise that these two qualifications are chartered level qualifications and therefore the exams, especially at the later stages, are very demanding. For this reason it may be a good idea to study for a technician level qualification first.
The AAT qualfication is a technician level qualification and is sponsored by CIMA and 3 other chartered accountancy bodies. However, the qualification is mostly confined to the UK.
ACCA abandoned the AAT qualification back in the mid 1990s to start its own technician level qualification known as CAT. The reason it did this was that it wanted a technician level qualification which shared the same business model that it did, ie. one with a global dimension.
It would therefore make more sense, if you decide to study to become an accounting technician first, to take the CAT exams as this qualification is recognised globally.
In terms of cost it should not really concern you as the cost of study and exams are usually met by employers.
I hope the above is of help to you. Below are a few links that you may find helpful.
http://news.bbc.co.uk/1/hi/education/4796287.stm
http://www.frc.org.uk/images/uploaded/documents/Final%20printers%20file%20key%20facts%20and%20trends%20Nov%2006.pdf
http://www.accaglobal.com/students/study_exams/qualifications/degree
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