05-11-2006, 08:39 AM
MRONEFLOWER you are right, the basis of ICAP passing policy is not marks but the market and I can tell the reason which is employers. if you check ACCA's accredited employers, ACCA has a v.good reputation and a large no of employers. It has a quality system of feedback between it and its stakeholders. Its passing critaria is based on "work hard and get reward otherwise try again" rather then "wait for your place in market". The market of ACCA is spread all over the world. If you have participated in the live broadcast of CEO and MD of ACCA recently they clearly told us that if they have to choose between the quality and number they will choose "QUALITY" and that there is no compromise on quality. They also discussed the issue that "its easy to become No.1 but tough to maintain this possition". Surely the policies of ACCA are to maintain its "GLOBAL REPUTATION". They also discussed the question from some students that "Some qualifications are using same subjects as acca plus some extra subjects like maths, stats, eco, etc. They clearly told that this will not add any value and why those qualification dont gain such respect and enjoy such market winning and reward as accas. There is much to write but I was just commenting on above post.
The overall structure/system of ACCA is based on feedback. ACCA keeps itself changing and updated with the time. The major influance on its policies is of its stakeholders. The feedback they receive frome employers, students and other interested parties. Recently ACCA is going through a major change and this is the result of feedback from all over the world. You can say it is must for competetion and fulfilling new requirements.
SHAHID
The overall structure/system of ACCA is based on feedback. ACCA keeps itself changing and updated with the time. The major influance on its policies is of its stakeholders. The feedback they receive frome employers, students and other interested parties. Recently ACCA is going through a major change and this is the result of feedback from all over the world. You can say it is must for competetion and fulfilling new requirements.
SHAHID