02-26-2010, 09:30 PM
Dard
To be more precise there is perhaps no core qualification at Middle East as far as accountancy is concerned. Every one is acceptable there (as per marketâs general condition) with a tag attached to his name provided he knows what to do and how to do the tasks associated with his job. ACCA is therefore not a special case as well.
As far as China is concerned, it is a bit unorthodox example. However, ACCA is rapidly expanding in China exactly in the way it is doing in Pakistan. If you are of the view that ACCA is a core qualification in Pakistan then we will agree to your conclusion about China as well; otherwise you know what I am saying. Core qualification at China is still Chinese CPA. However, ACCAâs acceptance is also improving but it is not the primary qualification just like Pakistan.
In Malaysia, ACCA is given good exemptions and PROBABLY (some one told at this forum) practicing rights as well. The exemptions, we have already agreed is a merit of ACCA; and the âpracticing rightsâ have almost no advantage for a Pakistani who is doing ACCA since we know what resources are required to establish a practice. In Pakistan it is too difficult; what can you predict about Malaysia. If one has the resources to go abroad, say Malaysia, and establish his practice, then do you feel there is a need to do ACCA? If you feel it has attraction for our students, I will agree to you without arguing.
So again conclusion is same, i.e. middle east and UK. I have explained it in my earlier post.
Pauliangenius
I think you should have deduced the reply to your query from the discussion so far seen on this thread. ACCA is good if you want to work at UAE, or at some other country where it can provide exemptions of any localized body under some MRA so that you eventually end up to be an ACA or CPA etc. of that particular location. It is also good at UK, but now there is severe unemployment in UK and even their locally qualifying professionals are struggling hard. It is not a fault of ACCA but is an outcome of the financial meltdown that has affected western countries in specific and the world in general.
In Pakistan, we are witnessing a slow increase in acceptability of ACCAs and in some cases they are working on handsome salaries as well. However, such cases are not found in abundance and this is a fact. Although I am of the view that RIZQ is something totally a matter of fortune, yet I believe that worldly prediction should be made by any one while deciding his career.
I would request you not to force any one to provide you a range of salaries for any professional qualification since it has previously been done a number of times and always resulted in continuation of vague and purposeless discussion.
ACCA will never take the place of ICAP in Pakistan and any localized professional body any where in the world. Unless the country does not have a local sound professional body, this also has to remain a fact. We are certainly not discussing African countries. However, it has its merits since it provides a gateway / shortcut for some other renowned designations. Further, it is âflexibleâ, easier, manageable and is said to be âfairlyâ treated and has no stiff requirements of simultaneous professional training. However, where you have to put in lesser effort or relaxed effort, you should expect a bit lesser reward as well.
I may be more than incorrect in my understanding but I have reservations as to its characteristic of a core designation anywhere on the globe. People may have different meanings of âCoreâ and I am not intended to debate on controversies.
Regards,
KAMRAN.
