We have compiled a list of the most commonly asked questions to help you find the information you need quickly and efficiently. Whether you are a prospective student, current learner, or simply interested in our programs, you will find answers to your questions here.
GlobalFTI is a premier education firm specialising in finance-related professional courses such as ACCA, CPA, CMA, and more. We aim to provide high-quality education and resources to help individuals excel in their careers.
ACCA stands for the Association of Chartered Certified Accountants. It is a global body for professional accountants that offers a range of qualifications, including the ACCA qualification, which is recognized worldwide and focuses on developing skills in accounting, finance, and management.
To start ACCA, you typically need a high school diploma or equivalent. Students who have completed Plus Two (12th grade) can usually apply. Specific entry requirements might vary depending on your previous qualifications, so it’s best to check with the ACCA website or your local ACCA office for detailed requirements.
The ACCA qualification consists of three levels: Applied Knowledge, Applied Skills, and Strategic Professional. Subjects include Financial Accounting, Management Accounting, Corporate and Business Law, Performance Management, Financial Management, Audit, Taxation, and Strategic Management, among others.
The duration to complete the ACCA qualification depends on your study pace and prior knowledge. On average, it takes about 3 to 4 years to complete all the exams and practical experience requirements, assuming full-time study. Part-time students or those studying while working may take longer.
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ACCA offers numerous benefits, including global recognition, a comprehensive understanding of accounting and finance, improved career prospects, and the opportunity to work in various industries and roles. It also provides a pathway to becoming a Chartered Certified Accountant, which is highly valued by employers.
Preparation for ACCA exams involves studying the syllabus thoroughly, using ACCA-approved study materials, and practicing past exam papers. Many students also attend classes or online courses and use revision kits to enhance their understanding and exam readiness.
Commonly the CA course is considered to be harder than ACCA, considering the number of years, the number of papers, course levels and versatility of both courses.
Age Requirement: Candidates must be 18 years of age or older. Educational Qualifications: Candidates should have successfully completed their 10+2 education or its equivalent as the minimum qualification for ACCA enrollment.
ACCA offers four exam cycles every year – taking place over a period of 5 days in March, June, September and December. ACCA allows you to take up to 4 exams per session and a maximum of 8 different exams during one calendar year.
The cost of ACCA exams and training can vary based on your location, the number of exams you are taking, and whether you are attending classes or studying independently. It includes registration fees, exam entry fees, study materials, and potentially tuition fees. It’s advisable to check the ACCA website or with local providers for detailed and up-to-date cost information.
Yes, many students work while studying for ACCA. The qualification is designed to be flexible, allowing you to study part-time and work simultaneously. Practical experience requirements can often be fulfilled through your job, which can also help you gain valuable industry experience.
IMA (Institute of Management Accountants) is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. IMA offers its members exclusive access to the CMA program. We are committed to helping you – and our network of more than 100,000+ members – to expand your professional skills, better manage your organization, and enhance your career.
To become a Certified Management Accountant (CMA) in India, you need to go through three main stages:
Foundation Course:
This is the entry-level course.
Eligibility: Typically requires completion of 10th grade and passing 12th grade from a recognized board.
Intermediate Course:
After passing the Foundation course, you can enroll in the Intermediate course.
Eligibility: Requires passing the Foundation course or holding a graduate degree from a recognized university.
Final Course:
The final stage after completing the Intermediate course.
Eligibility: Requires passing the Intermediate course. After passing the Final course and completing the required practical training, you can apply for CMA membership.
The main difference between IAS and IFRS is that IAS represents an older set of standards, while IFRS is the more updated and globally adopted version. Created by the International Accounting Standards Board (IASB) to replace IAS, IFRS offers more detailed and comprehensive guidelines for financial reporting, addressing a wider range of accounting issues and aligning with current best practices. Though IAS laid the groundwork for global accounting standards, IFRS has evolved to meet more complex financial reporting demands, ensuring greater consistency and comparability across different regions. As a result, IFRS is now the preferred choice in global financial markets, with many organizations shifting from IAS to IFRS to stay aligned with international standards.
Professionals with a US CMA certification generally earn higher salaries compared to those with an Indian CMA certification. This is because the US CMA is globally recognized and valued by multinational corporations and international markets. The focus on international accounting standards and practices provides access to lucrative opportunities in high-paying regions like the US, Europe, and Asia. In contrast, the Indian CMA certification is mainly recognized within India and among Indian companies operating abroad. While it holds significant value within the local market, it does not offer the same international reach or earning potential as the US CMA. Thus, US CMA holders typically benefit from a broader array of well-paid roles across various global locations.
Financial management involves planning, organizing, controlling, and monitoring financial resources to achieve an organization’s objectives. It encompasses various functions such as budgeting, forecasting, managing cash flows, analyzing financial statements, and making investment decisions. Effective financial management ensures that an organization can efficiently allocate resources, maximize profits, and sustain long-term growth.
Financial management is a core component of qualifications like ACCA (Association of Chartered Certified Accountants), CMA (Certified Management Accountant), and CPA (Certified Public Accountant). Each of these certifications includes extensive training in financial management, although they differ in focus:
ACCA covers a broad range of financial and accounting topics, including strategic financial management, risk management, and performance management, making it highly relevant for those aiming to excel in financial management roles globally.
CMA is particularly focused on management accounting and financial management, preparing professionals to make strategic financial decisions that enhance the efficiency and profitability of organizations.
CPA offers a comprehensive understanding of financial management within the context of public accounting, auditing, and tax, making it ideal for those looking to manage finances with a strong focus on compliance and regulatory standards.
All three qualifications are highly respected and provide a strong foundation in financial management, making them essential for anyone pursuing a career in finance.
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