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+--- Thread: CA vs CFA (/thread-ca-vs-cfa)
CA vs CFA - Iron man - 03-09-2006
Hi Guys
I want your comments on the scope of CFA in Pakistan and all over the world. Some friends of mine told me that CFA is a better qualification then CA in Pakistan(especially when you are not doing Articleship in big 4).
well I am not sure about it, so I want youe comment.
So guys what you think is a better one CA or CFA.
what is the expected starting salary for CFA and for CA(other then big4).
Revolution
- maz_ca - 03-09-2006
My dear why are you coparing two different professions
CA is another thing and CFA is other one
CA are trained for basically audit
&
CFA are not trained they are mainly passed and there nature of profession is different they are Financial analysts
that is only speciality
as after being a doctor a person may be Heart specialist or any other
Such is the case of CFA
No matter CFA is paid more than a CA but you cannot compare these two
- Ice_Blue - 03-10-2006
a CFA tells u how to generate return from resources.
a CA (mainly) checks whether a CFA has complied with the regulations and reported the truth.
Ice Blue
- turithegreat - 03-10-2006
yes CFA is better than C.A
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- sportyspice - 03-11-2006
hey iron man first of all tell us your educational background becuz u just cant get up and start doing cfa. u need a proper background for it, however ca can be started right after inter or A levels. so one can imagine the difficulty level that the two programms start off with. only 55 people are qualified cfa's from pakistan whereas u can find hundreds of ca's. although ,one can argue that cfa is not that much known in pakistan but the fact is that it is difficult and therefore more rewarding.
- the_farhan - 03-19-2006
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as many of us ve rightly said, CFA n ACA r different qualifications with no comparision.
ACA is specialist in audit&tax. while CFA is specialist in investment management (including portfolio & funds management).
ACA is qualification in Accounting field, while CFA is supreme most qualification in Finance. so much so, tht i know many good universities abroad who ve designed their syllabus of degrees in Finance in accordance to CFA!!!
but the bottom line is tht it is the talent inside u tht matters, not being the CFA or ACA. if u dont enjoy financial markets and economic trends, CFA is useless for u.
if u insist on comparing ACA n CFA, CFA is way too better; but no doubt, extremely difficult. website of AIMR (owners of CFA charter) itself admit tht "... even the most experienced investment bankers find CFA exams extremely difficult..." and on one place, "...CFA charter is awarded to extremely few ppl arround the world...".
"sportyspice" has rightly said tht only 55 pakistani's r qualified CFA but only 17 r available "in" pakistan. rest ve left for abroad.
most ppl prefer to sit for CFA exams after they have arround 1-2 yrs experience in investment mgmt., and they ve completed their masters/bachelors degree in Finance (not in accountancy!). CFA website says "... our syllabus is of master's degree level..."
importance of CFA is also highlighted whn u find tht many (if not most) CPAs (ACA of USA) turn to CFA!!!
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FARHAN
live, n let live ...
- Acid - 03-21-2007
salam,
i'm currently a student of ca...givin module 'C'. i was wondering whether a qualifed CA can go onto do CFA. if yes, r there any exemptions or benefits for qualified CA in doing CFA with this regard?
take care.
Allah Hafiz
- derivativetrader - 03-21-2007
<blockquote id="quote"><font size="1" face="Verdana, Tahoma, Arial" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Acid</i>
<br />salam,
i'm currently a student of ca...givin module 'C'. i was wondering whether a qualifed CA can go onto do CFA. if yes, r there any exemptions or benefits for qualified CA in doing CFA with this regard?
take care.
Allah Hafiz
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
There are no exemptions currently available for anyone wishing to pursue CFA qualification. A number of chartered accountants pursue CFA post qualification mainly if they want to leave audititng field and perhaps join investment or investment related profession. Coming with an accountancy background may help you in some CFA topics, e.g. Financial Statement Analysis.
- Muhammad Amir - 03-22-2007
There is no comparision between CA(Woh bhi ICAP's) and a prestigeous CFA.............CA is ICAP is just a joke of CFA........how dare you comparing CA with CFA..........CA can't compare even with ATT and CAT(of ACCA). A CAT student is having more knowledge as compare to a Qualified Chartered Accountant........I have a witness of my above clause because when i was apearing for paper 7 of CAT named as Planning, Control and Performance Management my great teacher of ALHAMD ACADEMY Sir Asrar-ul-Haq refer all the class CA's final module F Paper F18 Management Accounting........we did all the topics like ABC(Activite based costing), Variances , Budgeting, Performance Measurement Tools.....................and i was very ammazed that CA's module D's Cost Accounting is equal to CAT's paper 2 named as Information for management Control...................So Dear you can't even compare your paki(ICAP's CA)with CAT then how is it possible that you compare you(THIRD CLASS GUPTA SHUKLA STANDART CA WITH CFA)........I challenge to ALL BUDDHHAY THDDAY FCAs AND ALL GOLD MEDALISTS OF PAKI CAs THAT THEY CAN'T ABLE TO PASS EVEN LEVEL 1 OF CFA..............................................you are accountancy(although third class)student and you have read that comparision is always held with like to like ...................Don't compare you immature CA with those of the CFA,CMA,CPA,CIA,ACCA,CIMA,CA(ENGLAND&WALES,IRELAND,SCOTLAND).....................otherwise you would be living in fool's paradise(As all CAs does)
- Muhammad Amir - 03-25-2007
ALL ICAPians are quiet...........
- unseendemon - 03-25-2007
""""""""""A CAT student is having more knowledge as compare to a Qualified Chartered Accountant"""""""
zomg oh noez! it must be true since its on ze internets.
dude , you seriously need to OPEN YOUR EYES. gawd , if this is a joke , its not a really good one.
hahahha , a CAT student having more knowledge than CA lawls. My younger brother is doing CAT , my A Levels syllabus had more quality than CAT.
btw , what is gupta shukla ? is he some previous chairman of icap or something ? never heard of him.
"""""""Sir Asrar-ul-Haq refer all the class CA's final module F Paper F18 Management Accounting""""'
thar she blows !
we did module-f questions in MODULE-B , yes , MODULE-B. every cost accounting question KP gave us in module-d was from module-e and module-f.
- Muhammad Amir - 03-25-2007
HAHAHAHAHAHAH...................no further comments on these unauthentic statements................truth is always bitter......CA's start cost accounting in module D and there are 3 law papers in mudule B,D,E ICAP's CA is the only certification which has 3 law papers and all over the world usually all accountancy bodies have only one law paper ........... a big question mark on ICAP??????? can you answer why your accountancy body is having 3 law papers....
- unseendemon - 03-26-2007
which statements are you calling unauthentic ? seriously , did you read your own post by mistake ? P it happens sometimes.
CAT is a piece of cake , the A Levels papers are waaaaay harder. you dont know a thing.
Having 3 Law papers is awesome , i didnt knew a thing about law before i started and now slowly i`m learning the nuances. one law paper would be a DIASTER , you only have 6 month for module.
beeeeesides , everyone knows youre just pissed cause ACCA`s dont get exemption from Module E and F. its so obvious. If CA really is that bad , what are you so desperately after those exemptions. Take a chill pill brother , maybe you should work hard and attempt those modules E and F rather than posting inflammatory topics.
- Muhammad Amir - 03-27-2007
I don't think to attempt CA because after ACCA doing CA is something called "Bewaqqoofi" if i only need an audit practice certificate at the expense of 1 year i will be a big fool.......ACCA has more structured course then thise of ICAP or ICMAP. ACCA's all papers are much balanced..........i am no "desperate" for exemptions i am talking about those fools who have choosed ACCA as a route to CA think how embarrasing for those people it might be to once again start doing Module E and F infact all module E and F is lower then their prestigious ACCA's part three having papers like Startegic Financial Management, Business Analysis, Advanced Corporate Reporting, Performance Management, Advanced Taxation(UKs' Most Structured Taxation in world), Advanced Audit and Assurance.............Can you even provide any subject like such in CA Module E and F their is in(Module F) a subject Named as Management Accounting which a lower then ACCA's 2.4 named Financial Management and Control.....I am not criticising CA but it is already proved that ICAP has not good grasp on Finance portion of Chartered Accountancy........but i really respect their huge and wide course on Financial Reporting, Corporate and Business Laws and Auditing..........I also respect their people but their rigid policies infact their fanatic approach on exempting Internationally knowned qualifications is not as good as they people are.....................mind you i foresee my future in Industry so as i don't need to go for CA because only for audit practicing license i will not be able to waste lot of time and i know the fact that CA has much more infact remarkable value in pakistan but instead of all this i want to mention that whether it is an ACCA, CA or ICMA What they do is they only send you to interview rooms now it's you who proves himself as a best option for specific post.............I know that i was little infact more harsh when posting but i realise that i should not do this again...........but with cool mind think about what ever i said and also have a deep look at ACCAs' course structure their syllabus their examination criteria and then assess by your own that is ACCA equivallent to Module 'D'.................Believe me if you positively assess then you will find the loopholes in ICAPs' policies with regards to ACCA speacially infact i think till 1998 they are giving whole exemptions but after that they reduced these exemptions ......................isn't it showing their compatitive approach.....you can also ask with you friends those who are right know in Module E or F that from which texts they are studying they will say you that from ACCAs core attempt books i also saw in ICAP's libray lot of Module E and F students do their prepration using core attempt books.........
- unseendemon - 03-27-2007
Now , thats a lot better )
Let me put this straight , Exemptions till Module - D are not fair , DUH!. but what do you expect ICAP to do ? create a new module with just Advance Taxation and Corporate Law etc ? thats not gonna happen. Besides , a Year aint that bad. If its really that easy and if you think you can pass it then go for it.