Acca Or Cfa: What Do You Advise?

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Nairaland Forum  |  General Discussion  |  Career Talk (Moderator: debosky)  |  Acca Or Cfa: What Do You Advise?
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Author Topic: Acca Or Cfa: What Do You Advise?  (Read 312 views)
eezeebone (m)
Acca Or Cfa: What Do You Advise?
« on: June 24, 2008, 02:33 PM »

I am in a dilema, do i apply for ACCA or do i do CFA exams?

Please landers help me out. Which one is more respected, more recognised and more empowering? Especially for someone who needs to be strong in the corporate world.

Help me with detailed advise on advantages and/or disadvantages of either.

thanks
uchetobi (f)
Re: Acca Or Cfa: What Do You Advise?
« #1 on: June 24, 2008, 02:35 PM »

Quote from: eezeebone on June 24, 2008, 02:33 PM
I am in a dilema, do i apply for ACCA or do i do CFA exams?

Please landers help me out. Which one is more respected, more recognised and more empowering? Especially for someone who needs to be strong in the corporate world.

Help me with detailed advise on advantages and/or disadvantages of either.

thanks
Depends on what u want to be, an accountant (debit, credit, balance book) then go for ACCA or an analyst (financial analyst, investment, mergers and acquisition etc) then go for  CFA
uchetobi (f)
Re: Acca Or Cfa: What Do You Advise?
« #2 on: June 24, 2008, 02:37 PM »

both are well recognized and can take u far, depends on hw u market yourself and God's favor
eezeebone (m)
Re: Acca Or Cfa: What Do You Advise?
« #3 on: June 24, 2008, 03:07 PM »

Thanks uchetobi, but what if i don't want to be an acountant. I just want to be like a risk manager or have opportunities to work in a financial institution?

uchetobi (f)
Re: Acca Or Cfa: What Do You Advise?
« #4 on: June 24, 2008, 03:11 PM »

depends on what u want to do in d financial institution
ehie007 (m)
Re: Acca Or Cfa: What Do You Advise?
« #5 on: June 24, 2008, 03:51 PM »

do your ACCA first then go for CFA, will be better if u start this way.
uchetobi (f)
Re: Acca Or Cfa: What Do You Advise?
« #6 on: June 24, 2008, 04:29 PM »

if u don't want to be an accountant don't waste any precious time doing ACCA, u can go straight to CFA if u want to be an analyst,  ACCA wont take u any where as an analyst, except u just want to get certficates for the sake of certification
eezeebone (m)
Re: Acca Or Cfa: What Do You Advise?
« #7 on: June 24, 2008, 05:15 PM »

Cool, thanks. I like the idea of going through with acca then proceeding to cfa if necessary.
Mustay (m)
Re: Acca Or Cfa: What Do You Advise?
« #8 on: June 25, 2008, 09:51 AM »

Quote from: ehie007 on June 24, 2008, 03:51 PM
do your ACCA first then go for CFA, will be better if u start this way.

why?
candylips (m)
Re: Acca Or Cfa: What Do You Advise?
« #9 on: June 25, 2008, 10:01 AM »

Quote from: eezeebone on June 24, 2008, 03:07 PM
Thanks uchetobi, but what if i don't want to be an acountant. I just want to be like a risk manager or have opportunities to work in a financial institution?

There are elements of accounting all over the CFA curriculum. Infact its roughly about 45%. It is very good for analyst type roles but since you are interested in risk management try FRM instead
eezeebone (m)
Re: Acca Or Cfa: What Do You Advise?
« #10 on: June 25, 2008, 10:41 AM »

FRM,  Financial Risk Management right,  Hmmmmm
I'll look it up. Thanks
candylips (m)
Re: Acca Or Cfa: What Do You Advise?
« #11 on: June 25, 2008, 01:23 PM »

Yes. Its a very tough exam though . A lot of mathematics of pricing of complex derivative instruments like options. you will need to know the black-scholes formula by heart as well.
akindot (m)
Re: Acca Or Cfa: What Do You Advise?
« #12 on: July 02, 2008, 08:38 PM »

ACCA first then CFA
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