I am pursuing CA and I heard a lot about CIMA. I wanted to know what is the different between CIMA & CA?
Most accounting qualifications such as CA, CWA prepare candidates for private practice, financial reporting, audit and tax issues. In contrast, CIMA prepares you for a career in business.
CIMA prepares you to work across an organisation, not just within finance. Since, in addition to strong accounting fundamentals, CIMA teaches strategic business and management skills.
CA takes more than 4 years to complete the qualification and the passing rate is about 5% per level where as CIMA takes approximately 2-3 years to complete and the passing rate is about 40 to 50%
CA is recognised in India whereas CIMA is recognised in more than 176 countries
More than 1 lac CA in India where as number of CIMA members is growing and current number is less than 500.
Moreover many companies across the world are managed by CIMA members, that is why many companies are looking for CIMA members in India as well.