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+--- Thread: after pk taxation & law acca's position improve ? (/thread-after-pk-taxation-law-acca-s-position-improve)
after pk taxation & law acca's position improve ? - nakaiun - 04-10-2007
salam
my ? is that in ca vs acca forum lot of ca's said that becoz acca not offer pak law and taxation ca's monoply rules now acca has introduce pak law and taxation can acca's position will improve in pakistan
- Muhammad Amir - 04-11-2007
I know that lot of people bother about Law and Tax variants so here i want to clarify some misconceptions...
A)Lot of people say that in future i will be expected to settle in xyz country and right now living in xyz country so please advice me about what law and tax variants should i choose??
B)Lot of people ask that will choosing a particulat(whether UK,PK,MYS others) variants will make a point of value addition to their CV??
C)Lot of people ask that whether their prospective Employer will accept them as ACCA with a particular variants??
D)Lot of people ask what variants will be easy and viable to pass them quickly??
and you people also heard some other and above clauses from lot of students.......they even looking very stressful because of such conflicts of variants.......
I am posting here answers of above questions and also expect from all of you that you all will participate too.....
"First I would like to tell all of you that
1)All companies have their own tax consultants and lawers.
2)The Chartered Accountancy never seek a Chartered Accountants to be Lawers.
3)The baisc aim of law paper in any accountancy body is just to develop understanding in students about Contracts,Companies,Agency relations, and some matters regarding employment and even examiners never ask you a very technical nature of case studies because you are accountancy students not law students and all the examiners of accountancy bodies are not marking scripts of lawers contrary these copies are of professionally number crunchers.
4)In Interview you prospective employer will never ever ask you about what variants you had accomplished you ACCA.
So the sayings of people that take this variant and that variant will be disqualified by above all facts.But the problem is that now what to choose?????????
1)Consider a senario that you are a member of ACCA a UKs Accountancy body which devoted lot of it's study area to Financial Management.You have completed your ACCA and you have done it with variants such as (Pakistan or malaysia) does it make sense that you are a member of UKs accountancy body with varied law and tax variants passes.......it doesn't i think and you also made a wrongful choice of taking your local law and tax because now you will not be exempted(in law and tax)from ICAWE and CIMA or other UKs accountancy bodies just because of dropping UKs tax and law variants and by the way is it making a sense that UKs qualification with local tax and law.....If a Qualification is UK based then it should solely be a UK based....... do you agree??.......Another important thing that 2.3 taxation is almost available for all different regions where ACCA has strong markets but what about 3.2 a lot of countries having 2.3 local variant are not yet provided a 3.2 local version this is what happened to paksitani context this situation may be different for other regions so this concludes that by choosing local tax paper version in 2.3 you have made you optional's paper 3.2 advance taxation a dead choice now you have 2 out of 3 choices not 4 and out of these 3 remaining options one paper is Advance Audit and asurance and other os Advanced Financial Management.................. isn't it embarrasing situation..............
This is all about variants war and don't try to go for the advice of those who are totally unaware about real time facts of modern world....seek advice from your heart your experiance and not from others but form others's experiances
I Hope this will make all of you realize some important facts which usually uncovered before"
Regards
Muhammad Amir
- Muhammad Amir - 04-11-2007
BIG JOKE FOR THIS CENTURY IS THAT ICAP IS THE ONLY ACCOUNTANCY BODY HAVING 3 LAW PAPERS
MODULE B---->MERCANTILE LAW
MODULE D---->COMPANY LAW
MODULE E---->CORPORATE LAW
AND ALL OTHER ACCOUNTANCY BODIES ARE HAVING JUST ONE LAW PAPER AS EVIDENCED IN ACCA, CIMA, ICAEW, ICAS, ICAI...
- nakaiun - 04-11-2007
to mfahr
salam
u say that in pakistan acca are equivalent to mba or has little edge over is totally wrong mba different degree u cannot compare acca with mba i just ask that after pk law acca's will improve or not
ALLAH HAFIZ
- msc286 - 04-11-2007
Dear Nakaiun,
A lot of discussion has been going around in this aspect in this forum. Personally, I feel that even the introduction of Pakistani tax and law variants are going to make no such huge impact on the market standing of ACCA in Pakistan. It'll take more, on the part of ACCA, to get the due recognition in the market.
Again in my personal view, employers are reluctant to employee ACCAs because they have not been trained at a CA firm, as it's not compulsory for ACCA members to actually train in a CA firm to get membership.
It will require the collective effort of ACCA, its members and students to make ACCA more marketable. But who is going to take all the pain and more importantly when?