If you want to stand out in today's hotly-competitive job market where accounting is rapidly automating and financial accounting is increasingly software-driven, you must demonstrate your expertise in newer, more advanced, and specialized accounting domains that address organizations' core business strategy and capabilities. The primary issues of most large corporations are not primarily tax and compliance. As a result, the world's most successful accounting professionals have a variety of credentials reflecting their diverse professional skills.

In reality, many accounting certification programs such as CIMA qualification, including Chartered Accountancy, have some overlap in terms of syllabus, topic areas, and experience requirements, but they complement each other rather well. Before understanding the CIMA qualification and enrolling for CIMA careers, let us read through the benefits of holding multiple certifications.

Advantages of holding multiple certifications

The good news is that no matter what extra certifications you choose to get in addition to your current qualification, such as CA, some of the advantages are universal:

Enhanced career prospects

Your competence in various places and areas of accounting positions qualifies you for a broader range of occupations and roles in more different industries and sectors, as well as greatly enhancing your advice and consulting capabilities, in addition to yanking open global prospects.

An eye-catching resume and profile

Multiple certifications enhance your reputation by demonstrating your commitment to lifelong learning, determination, breadth of professional expertise, and commitment to work anywhere in the world across accounting and tax systems.

Increased salary and earnings

While the magnitude of the increase in salary and earnings varies depending on certifications, experience profile, current position, and organizational fit, salary reports from around the world consistently show that multi-certified professional accountants earn more than their less qualified peers in general. Having both CIMA qualification and CA, for example, can increase your compensation by 15 to 20 percent. Additionally, the chance for advancement and progress will add to the income increase. Needless to say, entrepreneur CAs and CPAs with degrees in numerous accounting fields stand to quadruple their revenues from their accounting and consulting practice, as their service offerings are broad and globally relevant.

Benefits professionals garner from CIMA qualification

Though the Chartered Investment and Management Accountant (CIMA) certification shares a minor portion of its fundamental accounting curriculum with the CA of ICAI, CIMA career is more focused on accounting that directly affects firms' competitiveness, profitability, growth, and sustainability.

For professionals who have qualified as CAs or are on their way to doing so:

• CIMA-qualified experts are very appealing resources not only for Fortune 500 companies and major local and multinational corporations, but also for high-brow employers such as investment banks, brokerage firms, mutual funds, hedge funds, consulting firms, and accounting and finance KPOs.
• Obtaining the CIMA qualification signifies a globally recognized specialty in management accounting and investment accounting. This dual specialization allows certified and prospective Chartered Accountants to pursue professions in Investment Accounting and Management Accounting in addition to Financial Accounting.
• The CIMA qualification prepares Chartered Accountants for employment that need an understanding of worldwide tax and accounting regulations.
• The CIMA certification is internationally recognized, preparing you for career and life wherever in the globe.
• CIMA certification thus helps chartered accountants advance their careers by preparing them for a wide range of sectors and responsibilities in almost all key accounting fields