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ACCA is more valuable and covers more subjects with British style exam but is more difficult and takes long time, CMA is easier, takes short time with american style of exams but less in value.
CMA is just3 to6 months certification consist of2 exam which include basic accounting concept. While ACCA is vast field with exams include accounting, finance, Taxation, Audit, Law and management studies. ACCA required dedicated4 years full time student.