04-15-2007, 10:24 PM
Dear,
There are certain benefits of becoming FCA which interalia include a superior position/membership of ICAP showing more experience and knowledge.
I at the moment write down one benefit for you. List of others may follow this one.
In a professional firm, 10 seats of an ACA (for registering students with ICAP for training purpose) who is not a partner or is a partner having no permission to train the students are added to the seats of other partner of the firm who has the permission to train students. When such an ACA becomes the partner completing the minimum period of three years to get permission to train students, his seats are raised to 15.
When such partner becomes FCA further 5 seats are added to his credit. This way an FCA has 20 seats to train students while ACA has 15.
However, becoming FCA enhances the professional worth and is considered to be a senior chartered accountant.
I currently dont remember whether or not becoming FCA is necessary to contest for the president of ICAP. However, I would confirm you further benefits after checking the bye laws and CA ordinance.
Regards,
Kamran.
There are certain benefits of becoming FCA which interalia include a superior position/membership of ICAP showing more experience and knowledge.
I at the moment write down one benefit for you. List of others may follow this one.
In a professional firm, 10 seats of an ACA (for registering students with ICAP for training purpose) who is not a partner or is a partner having no permission to train the students are added to the seats of other partner of the firm who has the permission to train students. When such an ACA becomes the partner completing the minimum period of three years to get permission to train students, his seats are raised to 15.
When such partner becomes FCA further 5 seats are added to his credit. This way an FCA has 20 seats to train students while ACA has 15.
However, becoming FCA enhances the professional worth and is considered to be a senior chartered accountant.
I currently dont remember whether or not becoming FCA is necessary to contest for the president of ICAP. However, I would confirm you further benefits after checking the bye laws and CA ordinance.
Regards,
Kamran.
