Ask the Accounting Community

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

How are you able to get Exemption by doing CMA and also what was their reply after few months.

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

It was quite long ago, 2018 maybe. That time you had to pass 9 elementary ACCA papers + 5 professional. So for CMAs there was exemption for 7 of 9 elementary papers. I had to pass just F6 (taxation) and F7 (financial reporting) exams, plus 5 professional. 

From that time they transformed their examination pattern, so numbers may change. 

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

Thanks Nikita, really appreciated. 

I will try to apply for ACCA exemptions based on my CMA qualification (plus my MBA) and see if that takes me near getting exemptions for all 9 papers from Applied Knowledge and Applied Skills section. That way I would only have to do the papers from the Strategic Professional Level, which I think I could complete in little over than a year.

I will also explore the CPA route just in case (now that you are allowed to take the International version of the CPA test through Prometric centers in select locations around the world). 

It was quite long ago, 2018 maybe. That time you had to pass 9 elementary ACCA papers + 5 professional. So for CMAs there was exemption for 7 of 9 elementary papers. I had to pass just F6 (taxation) and F7 (financial reporting) exams, plus 5 professional. 

From that time they transformed their examination pattern, so numbers may change. 

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

Hi,

I have just checked the ACCA exemptions based on the CMA, there are only 3 papaers exempted 

• Business and Technology (BT)
• Management Accounting (MA)
• Financial Accounting (FA)

Please share if any changes recently; I am very much interested to do ACCA if more exemptions are avilable.

Thanks Nikita, really appreciated. 

I will try to apply for ACCA exemptions based on my CMA qualification (plus my MBA) and see if that takes me near getting exemptions for all 9 papers from Applied Knowledge and Applied Skills section. That way I would only have to do the papers from the Strategic Professional Level, which I think I could complete in little over than a year.

I will also explore the CPA route just in case (now that you are allowed to take the International version of the CPA test through Prometric centers in select locations around the world). 

It was quite long ago, 2018 maybe. That time you had to pass 9 elementary ACCA papers + 5 professional. So for CMAs there was exemption for 7 of 9 elementary papers. I had to pass just F6 (taxation) and F7 (financial reporting) exams, plus 5 professional. 

From that time they transformed their examination pattern, so numbers may change. 

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

Hi,

I have just checked the ACCA exemptions based on the CMA, there are only 3 papaers exempted 

• Business and Technology (BT)
• Management Accounting (MA)
• Financial Accounting (FA)

Please share if any changes recently; I am very much interested to do ACCA if more exemptions are avilable.

Thanks Nikita, really appreciated. 

I will try to apply for ACCA exemptions based on my CMA qualification (plus my MBA) and see if that takes me near getting exemptions for all 9 papers from Applied Knowledge and Applied Skills section. That way I would only have to do the papers from the Strategic Professional Level, which I think I could complete in little over than a year.

I will also explore the CPA route just in case (now that you are allowed to take the International version of the CPA test through Prometric centers in select locations around the world). 

It was quite long ago, 2018 maybe. That time you had to pass 9 elementary ACCA papers + 5 professional. So for CMAs there was exemption for 7 of 9 elementary papers. I had to pass just F6 (taxation) and F7 (financial reporting) exams, plus 5 professional. 

From that time they transformed their examination pattern, so numbers may change. 

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

The ACCA body downgraded CMA US qualification exemption from 7 to 3 papers lower than a B.COM level. The IMA body silence and not negotiating with them. Better we should advice new students not to enroll CMA US anymore for this degree which lost its value.

Firoz CMA.

Hi,

I have just checked the ACCA exemptions based on the CMA, there are only 3 papaers exempted 

• Business and Technology (BT)
• Management Accounting (MA)
• Financial Accounting (FA)

Please share if any changes recently; I am very much interested to do ACCA if more exemptions are avilable.

Thanks Nikita, really appreciated. 

I will try to apply for ACCA exemptions based on my CMA qualification (plus my MBA) and see if that takes me near getting exemptions for all 9 papers from Applied Knowledge and Applied Skills section. That way I would only have to do the papers from the Strategic Professional Level, which I think I could complete in little over than a year.

I will also explore the CPA route just in case (now that you are allowed to take the International version of the CPA test through Prometric centers in select locations around the world). 

It was quite long ago, 2018 maybe. That time you had to pass 9 elementary ACCA papers + 5 professional. So for CMAs there was exemption for 7 of 9 elementary papers. I had to pass just F6 (taxation) and F7 (financial reporting) exams, plus 5 professional. 

From that time they transformed their examination pattern, so numbers may change. 

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

Dear Jain, Syed and Mohammed,

thanks for your comments. Did you formally apply for ACCA exemptions (by submitting all the relevant documents) or are you assuming based on the ACCA's online exemption calculator? If it is the latter, then I think the calculator shows only 3 papers by default for any credential (I got the same 3 exemptions both with my Master's degree and CMA credential). To really find out how many exemptions you can receive, I believe you need to submit the exemption request formally that will entail thorough review and evaluation of your credentials by ACCA (which accordingly to ACCA Exemption FAQ section could take up to two weeks).

best regards,

The ACCA body downgraded CMA US qualification exemption from 7 to 3 papers lower than a B.COM level. The IMA body silence and not negotiating with them. Better we should advice new students not to enroll CMA US anymore for this degree which lost its value.

Firoz CMA.

Hi,

I have just checked the ACCA exemptions based on the CMA, there are only 3 papaers exempted 

• Business and Technology (BT)
• Management Accounting (MA)
• Financial Accounting (FA)

Please share if any changes recently; I am very much interested to do ACCA if more exemptions are avilable.

Thanks Nikita, really appreciated. 

I will try to apply for ACCA exemptions based on my CMA qualification (plus my MBA) and see if that takes me near getting exemptions for all 9 papers from Applied Knowledge and Applied Skills section. That way I would only have to do the papers from the Strategic Professional Level, which I think I could complete in little over than a year.

I will also explore the CPA route just in case (now that you are allowed to take the International version of the CPA test through Prometric centers in select locations around the world). 

It was quite long ago, 2018 maybe. That time you had to pass 9 elementary ACCA papers + 5 professional. So for CMAs there was exemption for 7 of 9 elementary papers. I had to pass just F6 (taxation) and F7 (financial reporting) exams, plus 5 professional. 

From that time they transformed their examination pattern, so numbers may change. 

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

Hello,

I reached out to ACCA and they indicated that I could receive 3 exemptions, which I believe where based on my Master's degree.

Regarding the CMA, here is the ACCA response: "The ICMA is not a partner body with ACCA and its qualifications do not grant a direct membership with us."

Yet there must be some sort of understanding between the two bodies, as their website indicates that "The ICMA (Institute of Certified Management Accountants) Board of Regents, representing the certification division of IMA (Institute of Management Accountants), has voted to waive its usual bachelor's degree requirement for ACCA members wishing to earn IMA's CMA (Certified Management Accountant) credential."  Certified Management Accountant Programme (with IMA)

You can figure exemptions out using their online calculator or reaching out to them with certificates and transcripts. Please note that exemptions will only be confirmed once you have registered with ACCA.

Sincerely,

Dear Jain, Syed and Mohammed,

thanks for your comments. Did you formally apply for ACCA exemptions (by submitting all the relevant documents) or are you assuming based on the ACCA's online exemption calculator? If it is the latter, then I think the calculator shows only 3 papers by default for any credential (I got the same 3 exemptions both with my Master's degree and CMA credential). To really find out how many exemptions you can receive, I believe you need to submit the exemption request formally that will entail thorough review and evaluation of your credentials by ACCA (which accordingly to ACCA Exemption FAQ section could take up to two weeks).

best regards,

The ACCA body downgraded CMA US qualification exemption from 7 to 3 papers lower than a B.COM level. The IMA body silence and not negotiating with them. Better we should advice new students not to enroll CMA US anymore for this degree which lost its value.

Firoz CMA.

Hi,

I have just checked the ACCA exemptions based on the CMA, there are only 3 papaers exempted 

• Business and Technology (BT)
• Management Accounting (MA)
• Financial Accounting (FA)

Please share if any changes recently; I am very much interested to do ACCA if more exemptions are avilable.

Thanks Nikita, really appreciated. 

I will try to apply for ACCA exemptions based on my CMA qualification (plus my MBA) and see if that takes me near getting exemptions for all 9 papers from Applied Knowledge and Applied Skills section. That way I would only have to do the papers from the Strategic Professional Level, which I think I could complete in little over than a year.

I will also explore the CPA route just in case (now that you are allowed to take the International version of the CPA test through Prometric centers in select locations around the world). 

It was quite long ago, 2018 maybe. That time you had to pass 9 elementary ACCA papers + 5 professional. So for CMAs there was exemption for 7 of 9 elementary papers. I had to pass just F6 (taxation) and F7 (financial reporting) exams, plus 5 professional. 

From that time they transformed their examination pattern, so numbers may change. 

Hi Nikita, 

many thanks for your reply. May I ask many exemptions did you get from ACCA  (based on your CMA) and how many ACCA papers did you have to do at the end? I am just trying to gauge the time it will take me to complete ACCA.. 

thanks and best regards,

It was quite easy. You should fill in a form at ACCA website, send them CMA approval, and wait for excemption for a couple of months. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks. 

Very interesting thread. I wonder if pursuing ACCA grants any CPE's for the yearly requirement from IMA.

Hi All,

has anyone done ACCA (is pursuing ACCA currently) after getting your CMA qualification? If so, it would be great if you could share your experience. 

thanks.