1.Advantages and Disadvantages of having either a CFA, CIMA, ACCA or CAIA(in terms of difficulty level, usefulness, career opportunities, process, and duration to obtain the certification)? The advantages and disadvantages of ACCA have been mentioned below with all the specific points you have mentioned. The difficulty level for ACCA is quite high after the initial few examinations. However, with the correct approach and right guidance, it can be relatively manageable.
One of the major reasons to choose ACCA over CA or any other courses is that ACCA is globally accepted. Well if you are planning to go to other countries, it would be best to know which countries give good starting packages to accountants & make plans accordingly.
The pay package depends on two factors:
1. The Company
2. The Profile
When I started working with PwC as an ACCA affiliate, straight out of college, my pay package was equivalent to that of the fresher CAs in my company (Ranging from Rs. 7 to Rs. 9 lacs). Moreover, I worked on the same projects, and in the same teams as the CA freshers.
We only manage what gets measured, and accounting drives what gets measured. Increasing productivity has been the big driver of the decline of manufacturing employment and we really should be trying to create incentives for manufacturing businesses to make use of employees. That brings us to accounting…
There is a rush of startups now. Starting your own business can be an exciting as well as a nerve-wracking time. Exciting because you have this commercial entity that is all yours and you can mold it to suit your dreams. And nerve-wracking because any mistake you make, even a minor one, can come back to haunt you.
Page 8 of 10