01-28-2006, 11:54 PM
Salaam
Dear
Professional Accountants nomenclature consists of fundamentally two broad categories
A) Self-employed/Public Accountant
B) Management Accountant
Category A serves the business community by Auditing & Consultancy services.
Category B serves the management of entities by aiding them in planning, control, decision-making & furnishing the reports required by law of land (compliance of corporate law).
Since Accounting is evolving towards uniformity and due to increasing implementation by all professional accounting bodies of IES (International Education Standards), developed by IFAC, there is no substantial difference between syllabi of different bodies. The only difference now is quality of exams papers or more appropriately "System of Assessment"
All qualifications prepare for both categories of Accountants. An experienced ACMA or ACCA can do the audit with same effectiveness as ACA if allowed by law of land. So after some years of experience, majority of accountants irrespective of their qualifications behave similarly and show same level of competence. In the end, all conform to common intelligentsia of accounting profession and transform into homogeneous community of professional accountants.
In the end I will add the following note that one should try to increase and develop his professional knowledge & skills in pursuing whatever accounting qualification. It will pay him.
Regards
Dear
Professional Accountants nomenclature consists of fundamentally two broad categories
A) Self-employed/Public Accountant
B) Management Accountant
Category A serves the business community by Auditing & Consultancy services.
Category B serves the management of entities by aiding them in planning, control, decision-making & furnishing the reports required by law of land (compliance of corporate law).
Since Accounting is evolving towards uniformity and due to increasing implementation by all professional accounting bodies of IES (International Education Standards), developed by IFAC, there is no substantial difference between syllabi of different bodies. The only difference now is quality of exams papers or more appropriately "System of Assessment"
All qualifications prepare for both categories of Accountants. An experienced ACMA or ACCA can do the audit with same effectiveness as ACA if allowed by law of land. So after some years of experience, majority of accountants irrespective of their qualifications behave similarly and show same level of competence. In the end, all conform to common intelligentsia of accounting profession and transform into homogeneous community of professional accountants.
In the end I will add the following note that one should try to increase and develop his professional knowledge & skills in pursuing whatever accounting qualification. It will pay him.
Regards
