Depending on your professional objectives and the particular area of accounting or finance you wish to follow, you can choose from ACCA, CA, M.Com CPA, and CMA:
Chartered Accountant, or CA:
acknowledged in a number of nations, including as the UK and India.
offers a broad range of skills and, depending on the particular CA program and area, can lead to positions in audit, taxes, advising, and more.
Countries can differ greatly in terms of programs and standards, and regions may differ in terms of the CA designation's prestige.
M.Com Academic Degree: An extensive understanding of accounting, finance, and related topics can be obtained with an MCom degree.
Greater Breadth of Knowledge: It addresses a lot of business and commerce-related subjects, which is beneficial for a job in academia, finance, or accounting.
Generally Acknowledged Worldwide: MCom degrees from respectable colleges are acknowledged on a global scale.
The Association of Chartered Certified Accountants, or ACCA, is a global certification that covers a variety of accounting and finance topics, such as management accounting, taxation, and audit. It is acknowledged on a global scale and may present prospects for positions in corporate finance, public accounting, and other fields.
To conduct public accounting, including auditing and tax services, one must hold the CPA (Certified Public Accountant) credential, which is exclusive to the United States. A CPA is useful if you intend to operate in the United States or for companies with U.S. headquarters.
The title of Certified Management Accountant (CMA) places a strong emphasis on financial management and management accounting abilities. It's perfect if you want to work in management accounting, financial planning, or analysis.
Think about your job objectives, desired location, and the kind of accounting or finance work you wish to do to decide which is best for you. To increase their job options, many professionals work toward obtaining numerous qualifications.
Replied on - 27 Oct 2023
Instead of M.Com it is better to gain 2yrs work experience in an accounting job and simultaneously pursue SAP Finance (might be a bit expensive, but worth gaining software experience, since nowadays most of the accounting is done by software). SAP finance will fetch you a job quickly and then you can think of either doing ACCA or M.Com or pursue CPA if you want to work for US based companies. CMA and CFA are appropriate for financial analysis, so ACCA, CMA or M.Com are better options in accounting.