CPA

Dear aspirant, Glad to meet you. Since it is not possible to take advantage of the ACCA membership to get exemptions from the US CPA exam, I suggest that you target one not both. Regarding which qualification is better, it is like a question on Coca Cola vs. Pepsi: it really depends on where you plan to work. For ACCA, the application process is much simpler, and the entry barrier is lower than the CPA. However, it takes years to complete the studies and obtain membership. While ACCA is globally recognised, it is not as highly regarded outside the UK and Commonwealth countries. The US CPA is arguably the most prestigious accounting qualification. The entry barrier is high with an equivalent of a Masters degree together with strict working experience requirements. Because of these stricter requirements, the CPA Exam itself has fewer parts than the ACCA only 4 sections compared to 14 papers for the ACCA. Hope it helps.

The Certified Management Accountant (CMA) is a prestigious certification awarded by the Institute of Management Accountants (IMA) to F&A professionals who seek to advance their career in management accounting. The certification denotes expertise in financial accounting and strategic management. As MNCs set up and expand their operations in India, the need for CMAs is rising. Also, due to attractive salary packages and prestigious work profile, more and more candidates are opting for CMA certification. CMAs have applications in various functions of an organisation like decision support, planning and control. CPA Certified Public Accountant is a professional qualification recognised internationally (analogous to Chartered Accountancy in India). The benefits of any professional qualification are innumerable. Starting from a well paying job to a profound understanding of the accounting, taxation and business laws of the US. FAR - Financial Accounting dwells into the depths of US GAAP and IFRS which helps you gather knowledge of both and have a career showcasing their knowledge. REG - Regulation teaches the taxation and business laws of the US. AUD - Auditing enumerates the auditing standards and can help you seek a career in auditing. BEC - Business is a collection of various topics such a economics, costing, financial modeling, IT and so on. To start with, a professional qualification such as CPA broadens your horizon and let's you explore career opportunities in the field of accounting, auditing or taxation. More so, it is a ticket to reach the MNCs. CPA's are valued across the globe and thus a CPA has an opportunity to have a career in an part of the globe (based upon efficiency and mettle of the individual)
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