Finance and accounting are the backbone of successful business. Professionals need strong foundational knowledge and globally recognised certifications to excel in these fields. Whether you are starting your career or looking to advance, choosing the right course can make all the difference. This blog explores the top finance and accounting qualifications offered by the MPES Learning covering their levels and the courses within each. Let’s get started and discover the ideal path for your professional growth.
Table of Contents
- Association of Chartered Certified Accountants or ACCA
- Chartered Institute of Management Accountants or CIMA
- Associate Chartered Accountant or ACA
- Conclusion
Association of Chartered Certified Accountants or ACCA
One of the most renowned certifications in finance and accounting is the ACCA. It prepares people for a wide range of jobs in many companies. The ACCA qualification includes ACCA Foundations, a starting point for those new to accounting, providing essential knowledge and skills. With MPES Learning, you can learn the important accounting and finance principles in a way that guarantees your success. ACCA has four different levels, each building on the one before:
ACCA Foundations
This entry-level certification covers key subjects and is perfect for people who are new to accounting:
- Recording Financial Transactions (FA1): The goal of FA1 is to train learners in the basics of bookkeeping and financial records.
- Management Information (MA1): The main goal of MA1 is to understand and prepare management information to aid in decision-making.
ACCA Applied Knowledge
The main ideas and resources required for financial analysis are introduced at this level:
- Business and Technology (BT): This section discusses the function of governance, technology’s impact, and company structure.
- Financial Accounting (FA): The preparation and comprehension of financial accounts are the main topics of FA.
ACCA Applied Skills
Learners at this level gain increasingly sophisticated accounting and financial skills:
- Financial Reporting (FR): International financial reporting standards and procedures are covered by FR.
- Financial management (FM): It is the study of financial techniques for making wise business decisions.
ACCA Strategic Professional
The last ACCA stage emphasises advanced technical knowledge to prepare learners for senior roles:
- Strategic Business Reporting (SBR): It can help you gain proficiency in analysing and interpreting intricate financial data.
- Strategic Business Leader (SBL): It prioritises governance, strategy, and leadership abilities.
Chartered Institute of Management Accountants or CIMA
A worldwide recognised credential for management accountants, CIMA provides practitioners with financial and business savvy. Under the direction of MPES Learning, learners can easily complete the four levels and acquire the abilities needed to thrive in the modern, technologically advanced finance environment. There are four levels available:
CIMA Certificate in Business Accounting
This level is ideal for beginners and offers a solid foundation in accounting and business principles:
- CIMA Fundamentals of Business Economics (BA1): The foundations of economic theory and business contexts are introduced.
- CIMA Fundamentals of Financial Accounting (BA3): Preparing financial statements and key financial accounting principles are covered.
CIMA’s CGMA® Operational Level
At this level, operational and financial management is the focus:
- Managing Finance in a Digital World (E1): The influence of digital transformation on finance is examined in Managing Finance in a Digital World (E1).
- Financial Reporting Training (F1): Discusses regulatory foundations and financial reporting.
CIMA’s CGMA® Management Level
In this case, learners concentrate on controlling organisational performance:
- Managing Finance in a Digital World (E1): improves strategy comprehension in digital situations.
- Financial Reporting Training (F1): A deeper understanding of financial reporting and rules is developed through Financial Reporting Training (F1).
CIMA’s CGMA® Strategic Level
Professionals are prepared for leadership jobs at the highest level:
- Financial Strategy (F3): This area creates and oversees financial plans.
- Strategic Management (E3): Developing and carrying out strategic strategies is covered in E3.
Associate Chartered Accountant or ACA
ICAEW provides the gold-standard accounting credential, the ACA, emphasising technical proficiency and leadership abilities. Thanks to their theoretical and practical training, MPES Learning helps learners confidently take on all ACA levels. There are three levels available
ACA Certificate Level
Key accounting principles are introduced at this base level:
- Accounting (AC): Discusses financial statements and fundamental accounting procedures.
- Assurance (AS): AS focuses on the principles of audit and assurance in financial reporting.
ACA Professional Level
This level builds on the fundamentals to create sophisticated abilities:
- Financial Management (FM): Examines risk management and financial decision-making.
- Financial Accounting and Reporting (FARI): FARI offers a better comprehension of financial reporting frameworks.
ACA Advanced Level
Learners are prepared for leadership and strategic responsibilities in the last stage:
- Corporate Reporting (CR): Gaining proficiency in intricate financial reporting is possible through CR.
- Business Management (SBM): Focuses on strategy, risk management, and leadership in business.
Conclusion
The correct course can help you succeed, whether your goal is to become a technical accounting specialist, a strategic leader, or a management accountant. Among the most prominent certifications, ACCA, CIMA, and ACA provide defined pathways to help you reach your professional objectives. You will receive excellent instruction from MPES Learning to succeed in your chosen degree and acquire the abilities required to succeed in the cutthroat fields of accounting and finance.
Take the first step towards a successful career by selecting your path and beginning your adventure!
