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Diploma in Financial Management (DipFM). This certification was previously known as the Certified Diploma in Accounting and Finance (CDipAF), a financial qualification designed for managers outside of finance. This qualification was replaced with Foundations in Accountancy awards at the end of 2011.
The Diploma in Treasury Management (3 papers over 12–18 months) allows for Associate Membership, with post-nominal letters AMCT, while the subsequent Advanced Diploma (of similar structure and duration, and requiring also a dissertation) grants full membership, MCT. The FCT fellowship is conferred following several years of experience.
CAT's rival is the Association of Accounting Technicians (AAT) qualification. ACCA was a sponsor of the AAT before breaking its links in the mid-1990s in order to form the CAT qualification. [ 1 ] The rationale behind this move was that it wanted a technician level qualification which followed the same strategic direction of the ACCA ...
AAT is governed as a charity with public interest requirements, as well as a professional body accountable to its members. In practice, the organisation is governed by a 20-person trustee board (called the 'AAT Council', with AAT's president serving as the chair of the council for a one year term.
An advanced diploma in accounting program (ADA) examined at the accounting technician level was launched in 2007. [ 12 ] The Society professional membership structure has been revised, to introduce an examinable, work based senior awards assessment program leading to qualifications pegged at the British NQF, National Qualifications Framework ...
The CGMA Competency Framework was also launched in 2014. The framework shows the range of technical, accounting and finance skills that management accountants need to do their jobs and consists of four knowledge areas: Technical Skills, Business Skills, People Skills and Leadership Skills, all underpinned by Ethics, Integrity and Professionalism.
Students with a College Diploma in Accounting and two years experience working in the accounting field will need the RPA Prerequisite Courses and to take the MPE Review Sessions, once these are complete students may apply to write the Mandatory Professional Exams (MPE) in Financial Accounting, Management Accounting, Taxation, and Data Analytics ...
State licensing requirements vary, but the minimum standard requirements include passing the Uniform Certified Public Accountant Examination, 150 semester units of college education, [1] and one year of accounting-related experience. Continuing professional education (CPE) is also required to maintain licensure.
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