The Association of Chartered Certified Accountants (ACCA) is a global body for professional accountants. They aim to offer business-relevant qualifications to people around the world who seek a rewarding career in accountancy, finance and management.
Founded in 1904, ACCA’s core values are: opportunity, diversity, innovation, integrity and accountability. ACCA works to strengthen a global profession based on the application of consistent standards. They champion the needs of small and medium sized business (SMEs) and emerging economies, and promote the value of sustainable business.
ACCA works with global bodies such as the International Federation of Accountants (IFAC) and with 71 global accountancy partnerships.
ACCA has 154,000 members and 432,000 students in 170 countries. They have a network of 83 offices and centres and more than 8,500 Approved Employers worldwide.
The Chartered Institute of Management Accountants (CIMA) – is a leading membership body that offers an internationally recognised professional qualification in management accountancy. The CIMA qualification provides an ideal foundation for finance professionals who want to work in the business arena. In essence, CIMA provides the foundations for the business leaders of the future.
Besides producing a syllabus that is designed to keep students at the cutting edge of business developments, CIMA upholds high ethical and professional standards. Members and students must adhere to CIMA’s ethical guidelines, byelaws and regulations. Globally, the institute has 195,000 members and students in 176 countries.
CIMA’s history and values
CIMA began life in 1919 as the Institute of Cost and Works Accountants. Lord Leverhulme, the founder of Unilever, was the first President of CIMA. The institute recognised that traditional accounting methods used at the time of the First World War were unsatisfactory and saw considerable benefit in forming a new institute which would focus on the innovative concept of cost accounting.
The Institute of Cost and Works Accountants grew to become CIMA and Unilever grew to become one of the most successful fast moving consumer goods brands in the world. Unilever has maintained its ties with the institute and currently employs more than 300 CIMA members and students.
In 1976, CIMA was granted a royal charter which acknowledged that CIMA is among the top professional bodies in the UK and is permitted to qualify people as members. As a chartered body, CIMA is also responsible for observing UK government standards.
The Chartered Institute of Public Finance and Accountancy, (CIPFA) is the only professional accountancy body exclusively dedicated to public finance in the world.
CIPFA is the professional body for people in public finance. Their 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed.
As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. They include the benchmark professional qualification for public sector accountants as well as a postgraduate diploma for people already working in leadership positions. They are taught by the in-house CIPFA Education and Training Centre as well as other places of learning around the world.
Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. They work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services.