The hierarcy of Accounts qualification

[Anamz1]

Please tell me about the hierarchy of accounts qualifications and their study levels like ICMA, CIMA, ACMA, CA..... please I need your help.

[Ajnabi]

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.

[Ajnabi]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Anamz1</i>
<br />Please tell me about the hierarchy of accounts qualifications and their study levels like ICMA, CIMA, ACMA, CA..... please I need your help.
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

If you mean toughness of education by using the word "Study Levels", again it depends on country i.e. where you reside.

Within the context of Pakistan, CIMA, as compare to ICMA and ICAP is easier accordingly its worth in pakistan is lower as compare to ICMAP and ICAP.

As far as ICAP and ICMAP is concerned, both requires much efforts for students to get in through, as far as i evaluated. However some members of ICMAP claim that CMA is tougher than CA in some aspects and members of ICAP claim contrary.

So the field of interest should always be taken into account while decision is to be taken with regard to acquisition of qualification.

[awaisaftab]

good explaination by Ajnabi

[Osama Rules]

Agreed.

[Anamz1]

Dear Ajnabi,

Thank you so much for your detailed replies. But the explanation you have mentioned will be useful for me after have a clear point about my basic query which is the hierarchy of qualification let me explain you my requirement with an example

As we first do
Matriculation then
Intermediate then
Bachelors then
Masters then
MPhill then
PhD and so on

so as I want to ask the chronological order of accounts qualification as which is the basic, then the second level, then the third level and so on. I hope you will understand my question and will be helpful for me.

Furthermore please state me your email address for at your profile for convenient communication.


Kind Regards,



Anam

[Osama Rules]

Salam,

Well it depends upon which institue's member you wanna be,for eg

If one wants to be a member of ICAP then there are different routes & hence different order like

Bcom-ICAP
A levels-ICAP
ACCA-ICAP etc...

Or if one wants to be a member of ICAEW then routes maybe

A levels-ICAEW
BSC/Bcom-ICAEW
ACCA-ICAEW
CAT-ACCA-ICAEW & so on....

Hopefully you are getting little idea by now![)]

Regards.

[shani420]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Anamz1</i>
<br />Dear Ajnabi,

Thank you so much for your detailed replies. But the explanation you have mentioned will be useful for me after have a clear point about my basic query which is the hierarchy of qualification let me explain you my requirement with an example

As we first do
Matriculation then
Intermediate then
Bachelors then
Masters then
MPhill then
PhD and so on

so as I want to ask the chronological order of accounts qualification as which is the basic, then the second level, then the third level and so on. I hope you will understand my question and will be helpful for me.

Furthermore please state me your email address for at your profile for convenient communication.


Kind Regards,



Anam

<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Anam
Dear ACMA(ICMAP) and CA(ICAP) r Pakistani qualifications(or whatever they call them).Hierarchy is not possible between them.Higher Education Commission(HEC) considers both of them as equal to a 16 year MCOM degree(hence both r equal to a Pakistani Masters degree).Even though minimum entry requirement for ICMAP is a bachelors/equivalent degree while a FA pass can start CA directly.
As far as CIMA,ICAEW etc r concerned , as they r foriegn qualifications and have similar attributes in UK as held by ICMAP/ICAP in Pakistan.
So in hierarchical order these r equal qualifications.There market worth is geography dependent.A ACA(ICAP) would never get similar salary in INDIA when compared to CA(ICAI) and vice versa.