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+--- Thread: Engineering(from ned)+mba(iba)!! (/thread-engineering-from-ned-mba-iba)
- anothermortal - 07-07-2006
thanx shoib !
can i get admission in iba for mba evening classes after becoming an acca affiliate ?? i dont wanna get into the distance learning **** !
- Schuaeb - 07-08-2006
Anothermortal as I am not a student of Business Administration and secondly not in Karachi so am nt in a very well position to answer your question.
You may ask this question from any student or staff of IBA. And you wont find all of your answers on this forum.
Anyways to the extent we are able to we definitley will.
Shoaib
- maani - 07-08-2006
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by anothermortal</i>
<br />thanx shoib !
can i get admission in iba for mba evening classes after becoming an acca affiliate ?? i dont wanna get into the distance learning **** !
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
well, at now becoming an ACCA affiliate is out of question currently, coz u need to be a Bechelors to join ACCA...so the option that remains with you is CA,
I was a pre-engineering student too, n I feel we can do well in accountancy as compared to students having I.com or b.com background...
- anothermortal - 07-08-2006
im gonna join it thru CAT maani !!
- maani - 07-08-2006
why MBA after ACCA?
do you really think that only MBAs can become the Manager?
This is not the case, I know a female "Customers Relations Manager" of one of the multinational companies of "telecom sector" in Pakistan, and she is a simple BA(two years), she is in this position just because of her extraordinary communication skills, as this is the prime requriement for Customers Relations Manager...
So even after doing MBA you have to gain certain type of experience in some specific field to reach the "key position"...Management studies alone do not gives you the job at Top Management Level...
In foreign countries one of the major requirements for getting admission in a good MBA prog. is that "one" must have atleast 4-5 years job experience...and the average age of students getting admission in London Business School (MBA)is around 28 years...almost same is the case with other good business schools...
Anywayz take your time before reaching any decision....
- anothermortal - 07-08-2006
dude i've taken too much time already !!
by the way.. what r u doing ? i mean studies ??
- Schuaeb - 07-09-2006
Objections Maani, first of all how could you say that Bachelors is required for ACCA, then what is this CAT thing, secondly mature student option remains there. And, what about, as I have said at a number of occasions, startin CA through ACCA route. I mean you will get inter exemption after date and three years of article. Even in the case you are unable to qualify atleast you are an ACCA.
One should always consider time factor in mind before startin ACCA. Many students late in their article period do realize this. An MBA from a renowned instititute is never worse than CA.
Communication skills are most important of all in almost any type of job. Perhaps, it is more important than your professional knowledge at various places.
- maani - 07-13-2006
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by anothermortal</i>
<br />dude i've taken too much time already !!
by the way.. what r u doing ? i mean studies ??
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Yup I am a CA-Inter...going to start my articles within few dayz...
- maani - 07-13-2006
your objection is correct Schuaeb, human beings forget about few things sometimes, and I am a human being too...
But CA through ACCA is not that EZ, infact my two friends started this route around 3 years back, they are still right in the middle of the way, might be a problem with their apptitude, but I still think its not that EZ...coz ACCA core papers means something...
- Schuaeb - 07-14-2006
This problem might be due to thier apptitude.
These are the benifits of starting CA through ACCA route.
1-ACCA is considered and ofcourse is atleast comparitively easier.
2-Duraition, You may save your six months. (Provided you don't need to go for CAT, otherwise six month extra)
3-It's a route for international accounting qualifications.
4-Last but most significant, there are a whole lot of students who have wasted much time in CA and now they stand no where. If you start through ACCA, at the end you are atleast an ACCA if you manage to qualify ACCA.
Sir you have to agree that ACCA is easier. Now you know what make people to beleive that CA is very tough. This is because a number of nonserious students start doing it, and majority of them keep on failing. This makes a third person to beleive that CA is really tough. The case is not like this at all, I don't think CA is the toughest qualification in Pakistan.
When we talk about ACCA, majority of students I know who joined (quite a large number) were non serious much more than the percentage of non serious ones in CA. All of them I know who were somewhat serious towards thier studies by and large managed to get through or are goin through.
So, my conclusion, I suggest every new student who wants to study CA should come through ACCA route.
- maani - 07-14-2006
Aleast I donot agree with your veiw that ACCA is easier, Pracs is ACA+ACCA, I want to know is point, as I know another person who is ACA+ACCA and he is of the view that ACCA needs more thorough study as compared to ACA...
- Pracs - 07-14-2006
My Opinion is
-ACCA has a much wider syllabus scope and it is tested in a more objective manner
-ICAP's syllabus (though got better over the years) is not that far reaching especially in Financial Management and Management Strategy type of subjects
-ACCA has a fixed pass percentage 49 you fail 50 you pass.
-ICAP's been alleged to have a 'competitive' type of exam with a demand/supply kind of thing. (However, most senior CAs ; especially those involved in teaching say that there is a pass mark and it is not more than 50)
Having said that, I know of people who could not pass CA and passed ACCA, then there are those who have not been successful in passing either of ACCA or CA but have passed CIA; then there are those who (believe it or not) gave a try to ACCA, didnt pass in first attempts and then went on to go on to pass CA.
I know one person, who passed CA foundation (first attempt), passed ACCA Certificate (first attempt), then failed twice Module E (ACCA), Passed CA Professional in first attempt, went back and passed ACCA Module E (third attempt) and Module F(first attempt) !
Now these are all facts and statistics but cannot be conculsive enough to say what is easier to pass, personally I found that ACCA exams were more taxing and the exams more difficult to write, but the outcome was more 'predictable'. ICAP was easier to write in an exam but the results were always on the edge,. you couldnt predict if you would pass or not.
Having said that, I was just browsing through ACCA member's directory and was surprised to see that there are only c. 250 members in Pakistan, so in the last 5 or so years that ACCA has been in Pakistan there have been only 50 members passing a year ? (on average) this seems to be low number compared to the amount of students enrolled with ACCA.
Compare that with ICAP and since 2000 there has been an increase of around a 1212 members (200 a year !)
I believe the number of ACCA and ICAP students have been comparable for atleast the last couple of years.
- maani - 07-14-2006
Thatz it, Pracs what you said is exactly the same the other ACA+ACCA told be...and you may also know that other person as well, "Khurram Shehzad, another Fergusonion of Lahore", you might have worked with him for a couple of years or so...
- Schuaeb - 07-15-2006
So, your conclusions Pracs simmilar to what Maani said.
I think we have no strict grounds to compare the two. Also, I myself have no experience of ACCA studies.
Many people say and the case seems be like this that ACCA syllabus is more comprehensive than that of CA. Fair enough, but it never proves that ACCA is tougher.
About ICAP's passing crieterian what I beleive and many others, it varies from paper to paper and at most of occasions it is below 50. Still may be scoring 50 in ACCA is easier. (I don't know the reason for so many 49s)
Examples as you mentioned are ofcourse there and even in the light of examples I personally have seen I can't conclude that CA is tougher.
Coming to outcome. What do you think about outcome stats of the two after 5 years. I beleive there are gonna be far more ACCAs, again just based upon my personal thinkings. Reason behind the stats you mentioned are apparent. Now, I don't have the exact stats but ACCA intake has increased many folds after 2000 or even in last two or three years.
So far we can't conclude anything and logics so far are more tilted in favor of ACCA.
Comming to the general perception, it too may be wrong as it is in the majority of cases, most of the students and some teachers also consider ACCA easier.
Points in favor of CA is being tough may be
- The concept of Bad Fail (Grade D or E) if we just exclude this from ICAP's passing crieterian, it would be much easy to pass.
- Flexibility in taking papers in ACCA is another which make ACCA easier, the situation is not like this in core papers, results are infront of us. Can we say on this basis that all 21 papers of CA are like core papers of ACCA?
- Lastly, there is huge difference in studying attitutude of the students of two. Majority of CA students, according to my opinion, are comparitively much more hardworking, still passing percentage of ACCA is better. Again I am moving without any concrete stats, however, this situation is quite obvious here and I guess you also would agree. Passing percentage in different modules/stages of CA and ACCA are available and can be compared.
Now the case is never like that I am desperately trying to prove that CA is tough, I don't need to. The reason perhaps is I do suggest many new students who want to do CA to come through ACCA route and if the case is like as you mentioned, then perhaps I am going awfully wrong. I would like you (Pracs and Maani) to tell me weather it is suggestable to start CA through ACCA route.
One more thing, more problem in CA is at professional stages Module E and F, reason being either they are tougher or it's hard for a student to manage studies with training. In this case starting through ACCA loses advantage. A point in your favour.
Now, please don't think I have taken things personal being myself a student of CA, it's 0% like that. Just trying to reach to something through arguments.
Shoaib
- maani - 07-15-2006
First of all my personal experience is that CA pass percentage is 50%, as I attempted Cost Accounting of Mod D of only 59 marks and passed that paper, because of this I am sure that passing percentage is 50%...
Now the question of CA trough ACCA, well, it depends upon student's apptitude, caliber, mathematical skills(i think so),and commitement...So I don't think that suggesting each n every person that you should join CAT n ACCA route to CA is not a good idea, coz we know here in Pakistan we have a special trendy culture, especially in case of Studies, "what others are doing is what we should do" is very easy to adopt but very difficult to go along with in case of Accountancy...Infact suggesting each n every person to join Accountancy(whether CA or ACCA) is not a good idea, very few are those who can fulfill the requirements...
Personally I have seen some students who joined CAT after HSSC and then gave up in the way and joined BBA sort of things...
But again its not a rule of thumb that CA through ACCA is a tougher option, it varies student to student, according to their own specific characteristics...