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Hi there,
I am looking for advice. I have been AAT qualified since 2011 and been working in various finance positions over the years.
I started studying CIMA in 2018 and passed E1 and F1 in May 2019. Due to various circumstances I stopped my studies.
I would very much like to resume my studies, self funded and would appreciate some advice.
As I have passed E1 and F1. I am looking to start with completing P2 in the first instance.
My question is: What would be my best approach to the case study? I am a bit unclear as to how approach this, I assume I will need to refresh my memory on E1 and F1 as well.
Many thanks and kind regards,
Steph
Hi Steph
Thanks for reaching out & its great you are getting back on track with your CIMA qual.
The good news is that P1 is the ‘lead paper’ for CIMA case study – so its brill that you are doing this just before you sit the case study because most of the technical stuff will come from your P1 studies so will be fresh in your mind.
For P1 I recommend our own resources obviously – also that you should buy a Kaplan texrt book / exam kit ( doesnt have to be brand new) just to supplement our notes & recordings on Open Tuitiion.
E1 takes a back seat role for casestudy and for F1 its the IFRS standards, ethics, corp governance , a little bit of taxation and working capital which are the most commonly examined areas. So considering case exams are in Feb, May, August & November – allowing a little time to refresh those areas (no calculations needed for the case study – just explanations and ‘application to the scenario.
Hope this helps and let me know anything else you need 🙂
CathHi Cath,
Thank you so much for getting back to me. Apologies on the delay, I didn’t receive any notification of your message.
I would like to speak with someone on general advice. As I have passed 2 exams for CIMA, I have been wondering if ACCA is the better route for me as I would like to have the option to relocate overseas and feel that ACCA is core accounting, chartered accounting whilst CIMA is more strategy, both of which I love and enjoy and so I am quite torn as to which qualification to pursue and how best to approach it. Is there anyway I could speak with someone to talk it through?
Many thanks and kind regards,
Stephanie
Hi there – we dont offer a phone call service Im afraid.
But I have been involved and taught both CIMA & ACCA for many years,
They are both highly respected chartered accountancy qualifications and will stand you in good stead for a career in that field,
Ive never thought of ACCA as being more desirable abroad though (perhaps this is true & If international job searches are suggesting that ACCA the qualification that is most recognised then that could be a reason to swap.
CIMA have joined forces with AICPA though which gives you an edge if you wanted to work in America.ACCA does have the benefit that you can specialise in tax and audit. Also it’s suitable for private practice accountancy as well as working in industry.
CIMA Is really for industry only – although you can convert.Apart from that – like I say – both highly respected, academically robust qualifications. Take about the same length of time to qualify. Exam costs/ fees and so on are similar too.
Hope that helps.
Cath
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