10-25-2003, 02:57 AM
Hi Farhan,..
about what suits u ,, i am not sure what kind of career u r planning,, so am at lost to advice u on that..
coming to ACCA and ACA.. WELL. its not just a third world syndrome,, accounting bodies who are also regulators of the profession have a tendency to hold on to the monoply.
Tha AICPA - CPA in the US,, recognises no one else,, so u have no exemptions whatsover, u need to pass the exam and full fill the training requirements to get a practicing license. It goes even to an industry job where CPA is the only certification that is prefered. Moving over to the commonwealth,.
UK has extended the right to practice to ACCA'S but a CA from E&W, Scotland is still the A class to do. Though ACCA has all rights and privellages it has to take a second seat.
Its pretty much the same with, Australia, canada, newzealand and south africa.. ACCA is a accepted in all these places but the local CA is still prime. Although in a majority of these countries ACCA enjoys the maximum. for instance in australia u only have to sit for law and tax and plus the mandatory affiliation with an australian CA to get the local australian CA.
To persue an a class career in accountancy in pakistan u need a pakistani CA... add as many foreign degreed as u like,, but pakistani CA is a must. Its only fair because u need to put in a lot of effort and time to get a pakistani CA, pass rates are higher and more difficult as compared to any other foreign qualifications. Plus it is the only way to train within the pakistani corporate scene with due regulation from the Institute. Morever, it still attracts the most talented and bright. ICAP has been more geneorus in recognising other foreign degrees say as compared to India.
One plus to ACCA in the international market is Australia and EU coming in to accept IAS/IFRS as their accounting standards.. i see the US moving towards the same direction in a time scale ofcourse. So that makes ACCA more attractive to a lot of professionals world wide.. since its the only internationally recognised accountancy degree which offers the IAS/IFRS stream.
about what suits u ,, i am not sure what kind of career u r planning,, so am at lost to advice u on that..
coming to ACCA and ACA.. WELL. its not just a third world syndrome,, accounting bodies who are also regulators of the profession have a tendency to hold on to the monoply.
Tha AICPA - CPA in the US,, recognises no one else,, so u have no exemptions whatsover, u need to pass the exam and full fill the training requirements to get a practicing license. It goes even to an industry job where CPA is the only certification that is prefered. Moving over to the commonwealth,.
UK has extended the right to practice to ACCA'S but a CA from E&W, Scotland is still the A class to do. Though ACCA has all rights and privellages it has to take a second seat.
Its pretty much the same with, Australia, canada, newzealand and south africa.. ACCA is a accepted in all these places but the local CA is still prime. Although in a majority of these countries ACCA enjoys the maximum. for instance in australia u only have to sit for law and tax and plus the mandatory affiliation with an australian CA to get the local australian CA.
To persue an a class career in accountancy in pakistan u need a pakistani CA... add as many foreign degreed as u like,, but pakistani CA is a must. Its only fair because u need to put in a lot of effort and time to get a pakistani CA, pass rates are higher and more difficult as compared to any other foreign qualifications. Plus it is the only way to train within the pakistani corporate scene with due regulation from the Institute. Morever, it still attracts the most talented and bright. ICAP has been more geneorus in recognising other foreign degrees say as compared to India.
One plus to ACCA in the international market is Australia and EU coming in to accept IAS/IFRS as their accounting standards.. i see the US moving towards the same direction in a time scale ofcourse. So that makes ACCA more attractive to a lot of professionals world wide.. since its the only internationally recognised accountancy degree which offers the IAS/IFRS stream.
