The Association of Chartered Certified Accountants (ACCA) is the global body for professional accountants based in the UK. It has been providing accounting and finance qualifications for over 100 years. By promoting their global standards, and supporting their members wherever they work, ACCA aims to meet the current and future needs of international business.
The ACCA qualification enables you to to become a Chartered Certified Accountant, recognised globally, and helps you reach the highest levels in accounting and finance. It's an established route to professional status.
There is a strong focus on professional values, ethics, and governance – skills which are essential as the profession moves towards strengthened codes of conduct, regulation and legislation.
ACCA members are recognised to perform the audit function abroad
Globally, ACCA members are authorised to sign off on financials / audits of limited companies ((Pty)Ltd) and closed corporations (CC). ACCA members are not authorised to sign off on financials / audits of limited companies in South Africa, but can act as accounting officers for closed corporations.
[link to table (accounting qualifications in SA)] What can I sign off with this qualification?
The ACCA qualification is thus very useful if you are looking to work abroad.
CIMA or ACCA?
If you are interested in tax and auditing and signing off on financials / audits globally, then the ACCA qualification is the one for you. If you rather want to use your financial acumen and accounting skills to manage and make strategic business decisions then go for CIMA's. ACCA focuses on financial accounting issues while CIMA focuses on broad business and management skills.