05-02-2007, 10:32 PM
You all i would suggest are wasting ur and ours time in defending and attacking the institute who themselves certainly not require such defence, neither do they have appointed you as solicitors whatsoever.
It has been clarified on this forum that never indulge in talks which create confusion among new joiners and cause disregard to various reputable insitutions. I wonder if some admin of this forum may be able to kindly map the qualification of members so that we might be able to comprehend the educational level attained by the poster.
As regard my personal contribution on the topic, i have seen in the practical field a lot of CAs not doing any good and a lot of ACCAs doing good. Yet as pointed by Kamran those CAs who r not doing any good may be 2-3% of members and those ACCA who are doing very good might be around 4-5% of whole pakistan members.
Yet one thing is for sure. Globalisation and harmonisation has helped various degrees to be competing with local degrees. A CA is deemed to be an accountant in MNCs whereby an MBA of foreign business school is ranked equvalent or higher. As regard finance, a wave of CFAs are there to compete with them. Yet i personally being related both to ACCA and CA can say it for sure that if ACCAs want to excel they will definately have to enter into the financial services - business units like tarde finance, credit, risk management, and treasury functions. An ACCA with MBA of any gud business school can do a lot better. Yet comparison of degrees is nevertheless an unhealthy exercise.
I know a highly paid derivate trader of a foreign bank of pakistan whois not a CA or ACCA. He is an ACMA. But with efforts and pst job studies he is competing with a lot of CFAs.
In this phase of century no degree is better than ur personal strenghts of hardwork, intelligence, ethical nature and helping attitude.
Peace.
May Allah guide us all.
It has been clarified on this forum that never indulge in talks which create confusion among new joiners and cause disregard to various reputable insitutions. I wonder if some admin of this forum may be able to kindly map the qualification of members so that we might be able to comprehend the educational level attained by the poster.
As regard my personal contribution on the topic, i have seen in the practical field a lot of CAs not doing any good and a lot of ACCAs doing good. Yet as pointed by Kamran those CAs who r not doing any good may be 2-3% of members and those ACCA who are doing very good might be around 4-5% of whole pakistan members.
Yet one thing is for sure. Globalisation and harmonisation has helped various degrees to be competing with local degrees. A CA is deemed to be an accountant in MNCs whereby an MBA of foreign business school is ranked equvalent or higher. As regard finance, a wave of CFAs are there to compete with them. Yet i personally being related both to ACCA and CA can say it for sure that if ACCAs want to excel they will definately have to enter into the financial services - business units like tarde finance, credit, risk management, and treasury functions. An ACCA with MBA of any gud business school can do a lot better. Yet comparison of degrees is nevertheless an unhealthy exercise.
I know a highly paid derivate trader of a foreign bank of pakistan whois not a CA or ACCA. He is an ACMA. But with efforts and pst job studies he is competing with a lot of CFAs.
In this phase of century no degree is better than ur personal strenghts of hardwork, intelligence, ethical nature and helping attitude.
Peace.
May Allah guide us all.
