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From my opinion, having a professional certificate for such field is meaningless especially when we have totally different business laws, taxation regulations, and even financial & banking systems. In the other hand, when such field needs worldwide customs, practice and regulations (such as letters of credits or letters of guarantees, auditing ... etc). A multinational certificate is a must.
Yes I agree that to be financially or specialist in any field similar then you need to have a great experience in your field, but it has to stand out from the others, you need to these certificates, which may add to the experience, but it's not original
I have a different opinion. Finance and accounting are sciences, so the rules and priciples that govern these profissions are almost the same all over the world, and if you searched for differences, you will find minor % of change fom country to another. Besides, these certificates are measuring generally your abilities and skills not your information only, i mean your ability to manage your time, working under pressure, concentration, paitence and understanding. Testing these abilities is important to any recruiter.
To be an authority you need a certification. To deal with books of accounts I think a graduation or post graduation degree or diploma in accounting is enough. But if you have to be an auditor then you have to be a Chartered Accountant recognized in India and I think also UK or be a CFA Chartered Financial Analyst recognized by Americans. But I do agree as taxation and other factors vary one has to get accustomed to local practices.
I think a person to be work in accountancy should have a clear idea about debit and credit. Should know why capital receipts and other receipts from sale of capital assets cannot be balanced against revenue expenses. The method of depreciation of asset whether it is straight line or sinking fund would depend upon whether the owner wants to make a provision for replacement of the asset. Also in most countries the amount of deprecation in a certain method decided by the tax dept is deductable from the net taxable income. Should know about fixed ,variable and marginal cost.
If the person is advising a firm or individual to buy shares in the company the person has to be an expert in balance sheet who can detect window dressing in the balance sheet.
In do not know about U.A.E but in India a Chartered Accountant is called is called a (post mortem doctor )and a Cost Accountant is called a doctor. Chartered Accountant investigates the wrong doing in audits after they have been committed. Things like director of a company debiting his personal expenses against the company balance sheet
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