CA -|- Chartered Accountants Thread

[ProBo]

A word of advice? If you're gonna do MBA without completing CA, then just do MBA right away. Don't look side ways for exemptions or any such thing. If you choose CA then you must complete that. Make a goal and stick to it - that's the only key to success.

actually the CA thought comes later. i mean the ACF degree is itself worth something right?

 

[saadleo]

actually the CA thought comes later. i mean the ACF degree is itself worth something right?

When it comes down to choosing in between CA and IBA ACF, I would always suggest you to go for ACF. You can have a proper life that way. With ACF you can start CFA or take it up to a whole new level with further education from abroad (even Ivy League maybe?) but with CA I'm stuck with my ass down on the bench until ICAP releases me of all the exams (which is literally easier to say than being done).

 

[ProBo]

When it comes down to choosing in between CA and IBA ACF, I would always suggest you to go for ACF. You can have a proper life that way. With ACF you can start CFA or take it up to a whole new level with further education from abroad (even Ivy League maybe?) but with CA I'm stuck with my ass down on the bench until ICAP releases me of all the exams (which is literally easier to say than being done).

well Ivy League if you agree to sponsor (you will be a CA after all iA ) as a IBA ACF will jobs be hard to come around?

 

[saadleo]

well Ivy League if you agree to sponsor (you will be a CA after all iA ) as a IBA ACF will jobs be hard to come around?

Hahaha. Well it ain't hard to score financial aid at masters level. There are tonnes of programs to sponsor third world students - full bright is one of them. Anyway as for employment, every company hires BBAs or BS as internees, short lists them into trainees and then conducts their training for 2 years but in the mean time they continue to pay them as good as the next permanent employee. They're then effectively promoted to Assistant managers (as the case maybe) and given other benefits such as of registration with company's provident and pension fund schemes etc. I have seen this happening in PTC and Uni lever is running on a similar agenda. No need to worry as long as you're doing ACF from IBA. Keep your scores good enough to bolt onto the next high speed train - the only disadvantage you'll have over CAs is that they're better equipped in understanding of IFRSs, Corporate laws and have better understanding of work environments since they have already been to so many companies on audit or other due diligence assignments. They know things that you have yet to learn but you do it at the cost of 2 years training with a high package rather than spending 4 years at the firm with a nominal stipend. I can't go any more elaborative than this. You have to choose if you want despair or a normal life. CA will yield you higher return but requires a much greater sacrifice on part of your personal life.

 

[ProBo]

Hahaha. Well it ain't hard to score financial aid at masters level. There are tonnes of programs to sponsor third world students - full bright is one of them. Anyway as for employment, every company hires BBAs or BS as internees, short lists them into trainees and then conducts their training for 2 years but in the mean time they continue to pay them as good as the next permanent employee. They're then effectively promoted to Assistant managers (as the case maybe) and given other benefits such as of registration with company's provident and pension fund schemes etc. I have seen this happening in PTC and Uni lever is running on a similar agenda. No need to worry as long as you're doing ACF from IBA. Keep your scores good enough to bolt onto the next high speed train - the only disadvantage you'll have over CAs is that they're better equipped in understanding of IFRSs, Corporate laws and have better understanding of work environments since they have already been to so many companies on audit or other due diligence assignments. They know things that you have yet to learn but you do it at the cost of 2 years training with a high package rather than spending 4 years at the firm with a nominal stipend. I can't go any more elaborative than this. You have to choose if you want despair or a normal life. CA will yield you higher return but requires a much greater sacrifice on part of your personal life.

for the long run. CA better?
how does CFA compare in terms of articleship rules? (im not even sure if it has articleship tbh)

 

[Hassan Aftab]

Hahaha. Well it ain't hard to score financial aid at masters level. There are tonnes of programs to sponsor third world students - full bright is one of them.

Do you mean there are programs that sponsor students for MBA/MSc purely based on their financial need rather than performance? Would the OBU BSc Hons. degree be considered in the process? If so, can you name programs and/or universities that are relevant?
Do you believe it is better to pursue an MBA or an MSc upon completion of the ACCA?

I have been thinking I should study the last two ACCA papers at FTC Kaplan, London next year to allow myself the chance of placement after having completed 12 papers and the OBU BSc Hons degree here in Pakistan. Upon completion of those 2 papers, I could get myself enrolled in either an MBA or an MSc course that would also help extend the visa and allow me more time to gain further experience. Would you agree with this plan?

What are your thoughts on CMA? Would it add significant value to ACCA as an internationally recognized qualification? I'd rather avoid CFA since I am not so fond of finance. CTA initially interested me but given that tax rules vary by country I thought it won't be much use beyond the borders of England so I don't know if there's a better bet than CMA.

Thanks in advance.

 

[Hassan Aftab]

If you have done CA, why on earth would you want to do a MBA? just to add certifications if you want to.

Isn't the MBA relatively well grounded experience? Would you still not advocate for it if an ACCA affiliate pursued it? If so, MBA or MSc Accounting and Financial Management, by the way?

Which certification after ACCA besides CFA would you recommend since I am not quite fond of finance? Would you be in favour of CMA? Or do you believe there are better alternatives?

Please do read my post before this and feel free to express your opinion on the matter if you feel upto it.

 

[blade]

Isn't the MBA relatively well grounded experience? Would you still not advocate for it if an ACCA affiliate pursued it? If so, MBA or MSc Accounting and Financial Management, by the way?

Which certification after ACCA besides CFA would you recommend since I am not quite fond of finance? Would you be in favour of CMA? Or do you believe there are better alternatives?

Please do read my post before this and feel free to express your opinion on the matter if you feel upto it.

Hi Hassan,

MBA suits people who have come from a Bachelors or a master degree and does not add value to people who have already done CA or CFA, since both these degrees have their own field of expertise.

For an ACCA affiliate, yes doing MBA will help but depends on the MBA as well. After ACCA, what people mostly do is CA and I cant comment on CIMA.

If you need guidance on CFA, please ask away.

 

[ProBo]

If you need guidance on CFA, please ask away.

for CFA do i need to have professional experience before giving the exams?

 

[gttx]

for CFA do i need to have professional experience before giving the exams?

No you dont need

 

[ProBo]

No you dont need

isnt there a rule about 3 years on a investment related job?

 

[blade]

for CFA do i need to have professional experience before giving the exams?

As gttx mentioned, you dont need professional experience for giving the exams however in order to attain the CFA charter, you will need 4 years of relevant experience.

 

[poakceor]

anyone here with ICAEW knowledge/ who is doing or has done it?

 

[Ahmed Zamir]

I have applied at Deloitte and Ernst & Young for the Audit trainee position. Can any one having experience in these firms help me in preparing for interview? I want to know what type of questions do they ask generally and what do they look for in the candidate. By the way I'm FTS-8 student and I have passed module C and now waiting for module D result.

 

[Xain47]

I'm thinking to do ACCA, is it a good choice? I don't have any knowledge about this field and also I would like to know the worth of ACCA in pakistan or aboard.

 

[Rflame]

I'm thinking to do ACCA, is it a good choice? I don't have any knowledge about this field and also I would like to know the worth of ACCA in pakistan or aboard.

If you plan on staying or doing your articles (training in accounting firm) here in Pakistan, then I strongly suggest you do Pakistani CA. Big 4 firms here prefer trainees who have done CA over trainees who have done ACCA. CA is harder but broadens our career prospects in Pakistan. On the downside, CA is much harder than ACCA.

 

[Xain47]

If you plan on staying or doing your articles (training in accounting firm) here in Pakistan, then I strongly suggest you do Pakistani CA. Big 4 firms here prefer trainees who have done CA over trainees who have done ACCA. CA is harder but broadens our career prospects in Pakistan. On the downside, CA is much harder than ACCA.

That's not good.I wanted to avoid the troubles of CA........ ACCA is not worth anymore? it may be lower than CA but it still has some value or just useless?

 

[Rflame]

That's not good.I wanted to avoid the troubles of CA........ ACCA is not worth anymore? it may be lower than CA but it still has some value or just useless?

CAs get the best exposure when they do articles. Like I said, the top firms in the country, 4 of which are Ferguson, KPMG, EY, Delliotte/GT, prefer CAs over ACCA. Ferguson only recruits CAs in their audit department.

I know CA is hard but ACCA doesn't have much value in Pakistan. The upside of ACCA is that you are not restricted to gaining work experience in a firm, you can join industry, but there aren't many jobs for fresh ACCAs these days, in Pakistan or abroad. Plus ACCA has become very expensive. You have to pay your fees in pounds and there isn't much return after finishing your studies.

In the end, I again strongly suggest that you do CA.

 

[Pakiyoungster]

, but there aren't many jobs for fresh ACCAs these days, in Pakistan or abroad. Plus ACCA has become very expensive. You have to pay your fees in pounds and there isn't much return after finishing your studies.

In the end, I again strongly suggest that you do CA.

thats the reason i have paused ACCA for some time , this ever increasing exam fee and annual subscription has become pain in the arse.

btw what would be your recommendations for me bro
i have done bba hons in finance and now what would best suit me ?
1) MBA IN FINANCE ( 1.5 YEARS + CONTINUE ACCA BY GIVING 2 PAPERS EVERY ATTEMPT )
2)MPHILLS/MS ACCOUNTING AND FINANCE ( DURATION 1.5 YEARS TO 2 YEARS DEPENDING UPON RESEARCH WORK ACCEPTANCE)

 

[Kashan123999]

Please advise a current luminite who is doing accounting and finance and don't want to do audit/accountancy afterwards,but is actually inclined towards consultancy,management accountancy,financial consultancy or advisory etc? How can I tap into this field after my bachelors in accounting and finance


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