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The ACCA or Chartered Certified Accountant qualification, along with 10 other professional accounting qualifications, [60] is recognised by the Malaysian Institute of Accountants (MIA). MIA also recognises 21 Malaysian university qualifications as a prerequisite for registration as a chartered accountant in Malaysia.
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 qualification, i.e. one with an international profile. [2]
The institute is a member of the Consultative Committee of Accountancy Bodies (CCAB), formed in 1974 by the major accountancy professional bodies in the UK and Ireland. The fragmented nature of the accountancy profession in the UK is in part due to the absence of any legal requirement for an accountant to be a member of one of the many Institutes, as the term accountant does not have legal ...
CIMA is the largest and the oldest management accounting body in the world, with 115,000 members and 6,500 CGMA students in 2020. [3] The Chartered Global Management Accountant qualification has the academic standing of a master's degree in the UK (recognised at Level 7 by NARIC). [4]
Many job advertisements for accountants in the United Kingdom therefore specify 'CCAB qualified' as though it was a specific qualification rather than a group of qualifications. In practice some employers use the term as shorthand for 'professional accountant' and might consider members of non-Chartered bodies or overseas equivalents.
The size of the qualification may be indicated by it being called an "Award" (less than 120 hours total qualification time/1–12 credits), "Certificate" (121 to 369 hours/13–36 credits) or "Diploma" (370 or more hours/37+ credits). [9] [10] In general usage, qualifications are often compared to the best-known qualification at that level.
Financial Reporting Standards Council (FRSC) [9] [10] Saudi Arabia. Saudi Organization for Certified Public Accountants (SOCPA) [11] South Africa. South African Institute of Chartered Accountants (SAICA) South African Institute of Professional Accountants (SAIPA) Chartered Institute for Business Accountants (CIBA) United Kingdom and Ireland
The current national qualifications frameworks in the UK are: England: Regulated Qualifications Framework (RQF) for general and vocational qualifications regulated by Ofqual; Northern Ireland: Council for the Curriculum, Examinations and Assessment (CCEA) Wales: Credit and Qualifications Framework for Wales (CQFW) for all qualifications.