7 Top Accounting Qualifications
In the current competitive and globalized labor markets, certified professionals have a competitive advantage that allows them to go ahead in their careers. Accounting professionals in the UAE who have a certification from a professional body are among the highest paid in the Middle East region, with annual salary levels averaging at $61,768 (AED 226,846) a month, according to a survey conducted by the Institute of Management Accountants (IMA) in 2015. Hence, we recommend these top 7 Accounting qualifications to professionals to develop their skills in complex areas of this domain:
Chartered Accountant
In the UAE, a Chartered Accountant qualification gives a sizable and permanent career boost. This qualification is difficult and time-consuming as it takes three to five years to complete, including exams and relevant experience. Candidates with longer experience get higher salary packages and growth opportunities.
1. Certified Management Accountant (CMA)
A Certified Management Accountant takes one’s accounting career to the next level. It is highly preferred by people at mid-level positions, who do not want to quit their jobs to get a degree. Any graduate can apply for the CMA program — which has two exam parts and a two-year relevant experience requirement.
2. Chartered Certified Accountant
The Association of Chartered Certified Accountant program is quite similar to the Indian CA in terms of subjects tackled and difficulty levels. This program gives more time for part-time study and is, therefore, a great choice for working professionals. The program has a foundation level before the actual ACCA qualification. The actual ACCA qualification has up to 14 exams and a three-year experience requirement.
3. Chartered Global Management Accountant
The Chartered Global Management Accountant (CGMA) qualification focuses on management and cost accounting. It also provides online learning and self-study help for candidates who want to learn as they earn. There are two levels to becoming a CGMA along with a three-year experience requirement which can be done before, during, or after the CGMA attempt.
4. Master of Business Administration (Finance)
MBA is a popular qualification for professionals in the accounting and finance industry as it gives them a professional edge. Although MBA is a two-year course, Executive MBA is focused on working professionals as it is an intensive one-year program. Candidates need to pass a qualifying test, like Common Admission Test (CAT) in India or a university-specific admission test to get into the MBA course.
5. Certified Public Accountant
A Certified Public Accountant (CPA) is a designation provided to licensed accounting professionals. To be eligible for the Certified Public Accountant (CPA) exam, candidates must hold a bachelor’s degree in business administration, finance, or accounting, and complete 150 hours of education. They should also have no fewer than two years of public accounting experience.
6. Chartered Financial Analyst (CFA)
The Chartered Financial Analyst (CFA) qualification offers professionals the required expertise in investment management and analysis. This course tends to be more investment-focused, linking towards financial planning and corporate finance-based coverage. Candidates need to pass the 3 levels of CFA exams to get the certification.
All these Accounting courses in Dubai are very popular among professionals as accounting is a very crucial part of an organization, for managing payroll, auditing, and financial management. Professionals getting certified with these above-mentioned Accounting short courses in Dubai become eligible for innumerable job opportunities like Finance Managers, Financial Controllers, Financial Advisors, Chief Financial Officer, etc. Hence, Accounting courses in Dubai are in huge need nowadays, to find jobs in public, private, or non-profit industries and companies.
