COMPARISION TABLE WITH SOME WESTERN QUALIFICATIONS IN ACCOUNTANCY, AUDIT AND FINANCE

AVAILABLE IN RUSSIA

Exams: When? Where?

Target Who administered by? Requirements to the candidates Cost of registration for the exam and Requirements for obtaining the
Qualification What is tested on the exams?
Audience Duration? / necessary documents other fees certificate / license
What type of questions?

One exam covering the following four • During 4 testing windows • New Hampshire -higher • Registration with the State of New • Passing all 4 parts of the exam;
parts: throughout a year; education with 12 US semester Hampshire Board of Accountancy • Two years of professional
• Computerized test centers in 54 credit hours in accounting and (including notarisation) – about experience in auditing and/or
Certified • Financial Accounting and jurisdictions of the USA; 12 in other business fields; $690; taxation;
Accountants,
Public Reporting (FAR); • American Institute of CPAs; • Alaska – higher education plus • Registration with the State of • Recommendation letters
auditors and
Accountant • Auditing and Regulation (AUD); • Length of 4 parts – 14 hours; one year of experience under a Alaska Board of Accountancy
tax specialists
(CPA) • Business Environment and • Per part – 3 testlets with multiple- CPA; (including notarisation) – about
Concepts (BEC); choice questions and 1-2 • Education evaluation by an $550;
• Regulation (REG). simulations (case study). BEC – independent specialized • Education evaluation fee to World
multiple-choice questions only agency (WES). Education Services – $200.

Four exams covering the following • Available throughout the year; Part • Membership to the IMA • Exam registration fee (four exams) • Two years of professional
fields: 4 exam will be given during the (Institute of Management – $660; experience in management
second month of every quarter, the Accountants); • Education evaluation fee with WES accounting and / or financial
• Part 1: Business Analysis; first exam session will take place in • Membership to the ICMA (World Education Services) if management;
• Part 2: Management Accounting February 2005; (Institute of Certified necessary – $100; • Higher education, or other
Certified Management and Reporting; • Moscow, St. Petersburg, Kyiv, Management Accountants). • IMA Registration fee (Institute of professional qualification
Management accountants, • Part 3: Strategic Management; Almaty and others; Management Accountants) – $15; equivalent to СРА, СМА, СFM, or
middle and top • Part 4: Business Applications • Institute of Management • IMA International membership achieve a certain score on GMAT /
Accountant level Accountants; annual fee - $175 – to be paid GRE;
(CMA) management, • Parts 1, 3 and 4: 3 hours; Part 2: 4 every year; • Education evaluation by an
accountants hours; • ICMA Credentialing fee (Institute of independent specialized agency (if
• Parts 1 and 3: 110 multiple-choice Certified Management Accountants) necessary).
questions per part; Part 2: 140 - $75.
multiple-choice questions; Part 4: 4
to 7 essays/problems

Four exams covering the following • Available throughout the year; • Membership to the IMA • Exam registration fee (four exams) • Two years of professional
fields: • Moscow, St. Petersburg, Kyiv, (Institute of Management – $660; experience in management
Almaty and others; Accountants); • Education evaluation fee with WES accounting and / or financial
• Part 1: Economics, Finance and • Institute of Management • Membership to the ICMA (World Education Services) if management;
Management Management; Accountants; (Institute of Certified necessary – $100; • Higher education, or other
Certified in accountants, • Part 2: Corporate Financial • 3 hours; Management Accountants). • IMA Registration fee (Institute of professional qualification
Financial middle and top Management; • 110 multiple-choice questions. Management Accountants) – $15; equivalent to СРА, СМА, СFM, or
Management level • Part 3: Management Reporting, • IMA International membership achieve a certain score on GMAT /
management, Analysis and Behavioral Issues; annual fee - $175 – to be paid GRE;
(CFM) financial • Part 4: Decision Analysis and every year; • Education evaluation by an
managers Information Systems. • ICMA Credentialing fee (Institute of independent specialized agency (if
Certified Management Accountants) necessary).
- $75.

Four exams covering the following • May and November; • A letter of recommendation • Exam application fee – $75; • Two years of professional
fields: • Moscow; from a manager, Certified • Registration for four exams - $380. experience in internal auditing or
• Institute of Internal Auditors; Internal Auditor, supervisor or Discounts for the IIA members are external auditing and internal
Certified • Internal Audit Role in • 3.5 hours; educator. available. control;
Internal Internal Governance, Risk & Control; • 125 multiple-choice questions per • Higher education in any field.
Auditor auditors • Conducting the Internal Audit part.
Engagement;
(CIA) • Business Analysis and
Information Technology;
• Business Management Skills.
 Exams: When? Where?
Target Who administered by? Requirements to the candidates Cost of registration for the exam and Requirements for obtaining the
Qualification What is tested on the exams?
Audience Duration? / necessary documents other fees certificate / license
What type of questions?
One exam, covering the following fields: • 4 times a year according to the • National qualification of • Exam registration fee - $350 • National qualification of
• Accounting principles, concepts and schedule; accountant, or (includes study materials) accountant, or
Diploma in frameworks; • Moscow; St. Petersburg; Kiev • 3 year work experience in • 3 year work experience in
International • Elements of financial statements; • ATC International; accounting and/or financial accounting and/or financial
Accountants,
Financial • Presentation and additional • 3 hours; reporting, or reporting, or
auditors,
disclosures; • Case study and essay questions • Higher accounting education • Higher accounting education plus
Reporting finance
• Preparation of external financial plus 2 year work experience in 2 year work experience in
managers
(DipIFR reports for single entities; financial reporting financial reporting
(Rus) • Preparation of external financial
reports for combined entities and joint
ventures

15 exams divided by 3 levels: • May and November; Registration fee and annual The minimal amount of the registration • One of two levels of membership
• Moscow and St. Petersburg; subscription fee for the first year to fees – £918: with CIMA – Associate or Fellows;
• Foundation level (3 exams), • Chartered Institute of Management be paid. • Registration fee – £45 • 3 years professional experience in
Management including Financial and Management Accountants; • Annual subscription fee – £70 the required position for the
accountants, Accounting Fundamentals, • Duration of exams: (times 3 for three years £210) Associate level plus three more
Chartered middle and top Economics and Business Law; • Foundation level – 2 three years in a senior position for the
• Foundation level 3 exams – £37
level • Intermediate level (8 exams), hours exams and 3 two hours Fellows level;
Management management, including Taxation, Systems and each (£111)
• Higher education, education
exams of;
Accountant financial Projects Management and • Intermediate level – 8 three
• Intermediate level 8 exams – £46 evaluation provided by the CIMA.
(CIMA) managers and Organizational Management; hours exams; each (£368)
accountants, • Final level (4 exams), including • Final level – 4 three hours • Final level 4 exams – £46 each
students Business, Financial and Information exams; (£184).
Strategy of Management • Exams consist of problems, the
Accounting. number and type of problems vary
from one exam session to another

14 exams divided by 3 parts • June and December; Initial subscription fee and annual The minimal amount of the registration • Minimum of three years
• Moscow, St. Petersburg, Kiev; subscription fee for the first year to fees – £935: supervised, relevant practical
• Part 1 (3 mandatory exams): Almaty; be paid. • Initial subscription fee – £55; experience in accounting, auditing,
• Preparing Financial Statements; • Association of Chartered Certified • Annual subscription fee – £55 finance to be gained before, during
• Financial Information for Accountants; (times 3 for three years - £165) or after completing the
Management; • 3 hours; examinations (there is also no time
• Part 1 three exams – £38 each
• Managing People. • Exams consist of problems, the limit within which this experience
(£114) should be gained);
• Part 2 (6 mandatory exams): number and type of problems vary
• Part 2 six exams – £46 each (£276) • Higher education, education
• Information Systems; from one exam session to another
• Part 3 five exams – £54 each evaluation provided by the АССА.
• Corporate and Business Law; (£270).
• Business Taxation;
Chartered • Financial Management and
Accountants, Control;
Certified • Financial Reporting;
and auditors,
Accountant students • Audit and Internal Review.
(ACCA) • Part 3 (3 mandatory and 2 optional
exams – any two of the first four)
• Audit and Assurance Services;
• Advanced Taxation;
• Performance Management;
• Business Information
Management;
• Strategic Business Planning and
Development;
• Advanced Corporate Reporting;
• Strategic Financial Management.