Acca and cfa certificates
1, acca certificate
Acca is the British chartered certified accountants Association, founded in 1904. It is the world's leading professional accounting group, and it is also the professional accounting institution with the largest number of international students and the fastest growth in student scale. He is known as an international certified public accountant in China.
2.cfa certificate
Cfa refers to chartered financial analyst, and it is the professional qualification certification of chartered financial analyst established by American Investment Management and Research Association in 1963. It is a professional title generally recognized by the securities investment and management circles in the world today.
Comparison between acca and cfa
1, application conditions
The requirements of acca are relatively low, and you can apply to take the acca exam at the age of 16.
Cfa's application requirements are relatively high. Sydney with a bachelor's degree or above can apply directly, and a college degree requires certain work experience before you can apply.
2. Examination subjects
Acca has 15 subject. Candidates need to pass 13 to get the certificate, which is divided into four stages: knowledge course, skill course, core course and elective course.
Cfa exam subjects are divided into three levels. The first and second exam subjects are 10, which are portfolio management, equity investment, professional ethics, quantitative analysis, corporate finance, economics, financial statement analysis, fixed income investment, derivative investment and other investments. There are seven subjects in the Level 3 exam, namely, ethics and professional code of conduct, fixed income investment, economics, equity investment, portfolio management, derivatives and other investments.
3. Examination time
Cfa is tested every February, May, August, 165438+ 10.
Acca quarterly computer exams are held in March, June, September and 65438+February every year.
4. Test difficulty
The difficulty of each level of cfa is gradually increasing, and the form of all-English examination is adopted. In addition to mastering a lot of financial knowledge, you also need good English skills.
The difficulty of each subject in acca is gradually increasing, and it is even more difficult in the later professional stage, but there is a certain connection between the subjects. The basic knowledge of the previous courses is well mastered, and the following courses will be easier to learn.
5. Employment direction
Cfa is called "the first test of global finance". After being admitted, you can work as a fund manager, securities analyst and investment banker in securities companies, funds, investment banks, foreign companies, listed companies and banking financial institutions.
Acca is considered as "the passport of international accounting". After passing the exam, you can engage in financial, auditing and consulting work in accounting firms, financial institutions, banks, large state-owned enterprises and foreign enterprises.