03-26-2010, 07:59 PM
Dear,
Let me tell you that ICMA stands for Institute of Cost and Management Accountants(Pakistan, India, Srilanka, Australia etc have their own management accountancy bodies). The tasks of ICMA/CIMA is same, since both are Management Accountants. However CIMA stands for Chartered Institute Of Management Accountants (UK), which is the best among all management accountancy bodies around the world.
ACMA is itself not a qualification rather it is a designation/appellation/identification which is specifically used for Associate Members of Management Accountancy bodies, ACMA is abbreviated to Associate of Cost and Management Accountants.
CA stands for "Chartered Accountant", Most of the countries have their own Chartered Accountancy institutes, i.e. ICAP in pakistan, ICAEW in England, ICAS (Scotland or Srilanka), ICAI of India etc.
As far as Hierarchy is concerned, let it first be clarified that CA and CMA are two different qualifications/designations, so the comparison, if made, sounds illogical in between CMAs and CAs since CMAs are more concerned with Management Accountancy on the other hand, CAs are more concerned with Financial Accountancy/Audit.
However different countries treat these two designations as interwoven to each other, like in Pakistan. Yet, In UK and India their Management Accountants are prefered over their Chartered Accountants similarly many other countries prefer CAs over their CMAs.
Decision, with regard to your query, should be given on the basis of your locality, since your ID does not depict country name, let it be known to the members then advice may be given accordingly.
Regards,
Ajnabi.
Let me tell you that ICMA stands for Institute of Cost and Management Accountants(Pakistan, India, Srilanka, Australia etc have their own management accountancy bodies). The tasks of ICMA/CIMA is same, since both are Management Accountants. However CIMA stands for Chartered Institute Of Management Accountants (UK), which is the best among all management accountancy bodies around the world.
ACMA is itself not a qualification rather it is a designation/appellation/identification which is specifically used for Associate Members of Management Accountancy bodies, ACMA is abbreviated to Associate of Cost and Management Accountants.
CA stands for "Chartered Accountant", Most of the countries have their own Chartered Accountancy institutes, i.e. ICAP in pakistan, ICAEW in England, ICAS (Scotland or Srilanka), ICAI of India etc.
As far as Hierarchy is concerned, let it first be clarified that CA and CMA are two different qualifications/designations, so the comparison, if made, sounds illogical in between CMAs and CAs since CMAs are more concerned with Management Accountancy on the other hand, CAs are more concerned with Financial Accountancy/Audit.
However different countries treat these two designations as interwoven to each other, like in Pakistan. Yet, In UK and India their Management Accountants are prefered over their Chartered Accountants similarly many other countries prefer CAs over their CMAs.
Decision, with regard to your query, should be given on the basis of your locality, since your ID does not depict country name, let it be known to the members then advice may be given accordingly.
Regards,
Ajnabi.
