04-28-2008, 06:10 AM
Well i can give u a couple of reasons why not
1) ACCA doesnt require the same level of articleship tht CA requires. Even in UK u need to complete articles with an ICAEW registered firm to do ICAEW after ACCA. Although i guess all papers of ICAEW are exempt after ACCA.
2) In the biginning, say 4-5 years back ACCA in its pursuit of globalization, passed too many students just for nothing. Now there marking criteria is quite strict after making i guess more than 3,4 lac students worldwide. This is bull ****. This is hieght of non professionalism. I have personally seen ACCAs who know not more thn an MBA finance. When u go to different clients on audits, only then u can know wts the reality out there in the market. CA inter with articles are far more paid and regarded in industry as compared to a simple ACCA.
3) It is imparative to the harmonization of standards and principles of auditing and accounting in a country to keep the profession in the hands of one body.
4) As per ICAP and as per my experience also, despite the good syllabus and very good exam questios of ACCA papers, somehow, the ACCA students fail to deliver not only in ICAP exam but also in the industry, which shows there is something lacking.
U wrote CA after ACCA=Matric after inter. I can just call it ur inferiority complex. I tell u wt im with ACCA if they make the articleship compulsory from an audit firm, eliminate choice from their papers and leave the globalization objective and pass students on merit(which they have now done to some extent). I myself prepared my financial reporting paper from questions of 3.6 and now doing 3.7 questions for my business finance decisions paper. But only setting good questions in exams is not enough to deliver in our profession. Its not the degree tht counts, its the professionalism and the ability to do things in reality(not only in exams) tht counts, which can only come with 3-4 years of articleship.
Anyways stick to ur point and keep calling ICAP bad. Thts maximum u can do. and stop calling me sir Abdur.Rehman.
1) ACCA doesnt require the same level of articleship tht CA requires. Even in UK u need to complete articles with an ICAEW registered firm to do ICAEW after ACCA. Although i guess all papers of ICAEW are exempt after ACCA.
2) In the biginning, say 4-5 years back ACCA in its pursuit of globalization, passed too many students just for nothing. Now there marking criteria is quite strict after making i guess more than 3,4 lac students worldwide. This is bull ****. This is hieght of non professionalism. I have personally seen ACCAs who know not more thn an MBA finance. When u go to different clients on audits, only then u can know wts the reality out there in the market. CA inter with articles are far more paid and regarded in industry as compared to a simple ACCA.
3) It is imparative to the harmonization of standards and principles of auditing and accounting in a country to keep the profession in the hands of one body.
4) As per ICAP and as per my experience also, despite the good syllabus and very good exam questios of ACCA papers, somehow, the ACCA students fail to deliver not only in ICAP exam but also in the industry, which shows there is something lacking.
U wrote CA after ACCA=Matric after inter. I can just call it ur inferiority complex. I tell u wt im with ACCA if they make the articleship compulsory from an audit firm, eliminate choice from their papers and leave the globalization objective and pass students on merit(which they have now done to some extent). I myself prepared my financial reporting paper from questions of 3.6 and now doing 3.7 questions for my business finance decisions paper. But only setting good questions in exams is not enough to deliver in our profession. Its not the degree tht counts, its the professionalism and the ability to do things in reality(not only in exams) tht counts, which can only come with 3-4 years of articleship.
Anyways stick to ur point and keep calling ICAP bad. Thts maximum u can do. and stop calling me sir Abdur.Rehman.
