11-27-2007, 02:34 PM
Dear,
Are you making comparison of ICAP and CFA or CA and CFA (This is not clear). I assume that you are comparing ICAP with other professional accountancy bodies and CFA.
As far as Chartered Accountanting is concerned it provide experties in the fields of accounting, auditing, taxation and corporate laws and is not specific for investment management while CFA is only for investment management. The two are quite different disciplines. Its like that you are comparing neurologist with pathologist. CAs have experties in above mentioned fields which CFA dont have.
You have also mentioned that hadging and currency risk management (Options, forward, futures and swaps ) are not in the sylabi of ICAP. I think you have not gone through the syllabus it is a part of module "F".
Then your question is why economics, english, quanitative methods are tought to ICAP students. Quantitative analysis is used in invesment management and hedging in advance level. As far as english is concerned you know that the medium of communication in modern modern business worl is english and CA have to produce reports to clients which have to be in english. You also have to deal with foreign clients as well. You know the level of english of those students who enter the profession. I think it is good idea to improve their english. As far as ICAEW is concerned they dont have need for english paper because the students of ICAEW are very good in english because english is there mother language.
I hope that i have given sufficient explanation of your query
Take care...
Are you making comparison of ICAP and CFA or CA and CFA (This is not clear). I assume that you are comparing ICAP with other professional accountancy bodies and CFA.
As far as Chartered Accountanting is concerned it provide experties in the fields of accounting, auditing, taxation and corporate laws and is not specific for investment management while CFA is only for investment management. The two are quite different disciplines. Its like that you are comparing neurologist with pathologist. CAs have experties in above mentioned fields which CFA dont have.
You have also mentioned that hadging and currency risk management (Options, forward, futures and swaps ) are not in the sylabi of ICAP. I think you have not gone through the syllabus it is a part of module "F".
Then your question is why economics, english, quanitative methods are tought to ICAP students. Quantitative analysis is used in invesment management and hedging in advance level. As far as english is concerned you know that the medium of communication in modern modern business worl is english and CA have to produce reports to clients which have to be in english. You also have to deal with foreign clients as well. You know the level of english of those students who enter the profession. I think it is good idea to improve their english. As far as ICAEW is concerned they dont have need for english paper because the students of ICAEW are very good in english because english is there mother language.
I hope that i have given sufficient explanation of your query
Take care...
