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What is the difference between ACCA and CIMA?

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Quick Answer

The ACCA and CIMA are both professional membership organizations. However, they cater to professionals in different industries. The ACCA is The Indoor Environment & Energy Efficiency Association, and CIMA is the Chartered Institute of Management Accountants.

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Full Answer

The ACCA is a nonprofit organization that was founded in the United States 40 years ago. Its members include individual professionals and businesses in the indoor environment and energy services community. In order to cater to its members, the group facilitates continuing education and networking. In addition, it helps its members grow their businesses by helping the members engage with new customers.

CIMA is the largest professional membership organization of management accountants in the world. It boasts over 200,000 members in 177 countries all over the world. In 2012, CIMA, which is based in London, partnered with the American Institute of Certified Public Accountants, or AICPA, to expand its outreach into the United States. CIMA hosts conferences and networking events to assist members in staying on top of industry developments and trends. These events are also used to promote the accounting profession. CIMA also offers certification programs to its members to help them gain the specialized knowledge they need to help clients with specific needs, such as those with an international presence.

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