12-27-2008, 09:25 AM
I think it better to completely ignore Kamran. Iwill therefore not reply to his post.
For people information I was offered training contract leading to examinations of ICAEW and ICAI (Ireland) after my ACCA, in UK. But I decided not to go for these qualifications as they do not add any value to one CV after ACCA.
<b>Information for Pakistani students who want to do ACA from ICAEW</b>
Let me clear that to do ACA from ICAEW students does not need to first do CA from ICAP or ACCA. Students do not have to be in training contract to start taking ICAEW exams. In fact students can take and pass 14 out of 15 exams of ICAEW outside training contract, means ICAEW 14 out of 15 exams can be taken and passed by studying full time and without joining any ICAEW authorised CA firm. But to take ICAEW final exam students have to be in final yr of their training (articleship).
Benefits of ICAEW over ICAP for students.
1)ICAEW does not take any admission or PPT test.
2)ICAEW does not require students to register with college (RAETs). Students can study privately or can register with more than one college (RAETs) at a same time.
3)If students do register with college (RAETs), students do not need to provide ICAEW college attendance record.
4)ICAEW marks papers according to standard and not to quta.
5)Students can take and pass papers one by one and students do not need to take and pass group of papers in one sitting.
6)If student pass any of ICAEW paper, student will retain this paper forever.
7) ICAEW professonal stage cosists of two levels Knowledge Level and Application level.
8)Knowledge level consists of 6 papers and duaration of exam at knowledge level is 1.5 hours and are computer based exams. It means students can chose date and time which is convenient to them.students does not require to take and and pass papers at Knowledge level at any particular sequence means student can chose to take and pass paper 6 (last Knowledge paper) first and paper 1 (first knowledge paper) at the end. So student can pick and chose.
9) Aplication level also cosists of 6 papers which are assessed in paper based exams of 2.5 hours. Again at application level student can pick and chose papers.
8) Adavance level consist of 3 papers and students can take and pass these 3 papers in one sitting.these papers can also be taken and passed separately.
<b>Students can register with ICAEW if they do have following qualifications</b>.
1)Four yrs bachelors from Pakistan.
2)Two yrs bachelors WITH two yrs Masters from Pakistan.
3)Two yrs Bachelors from Pakistan
4)ICAP students who have passed Module D (this need to checked with ICAEW).
5)AAT qualified (I think CAT qualified can also register)
<b>Entry rout for 4 yrs Bachelors from Pakistan OR Two yrs bachelors WITH two yrs Masters from Pakistan</b>
Student just register with ICAEW and therefore will be no need to pass or claim exemption from PPT (as ICAEW does not take PPT at all). Student can register with ICAEW by filling student registration form and sending registration fee to ICAEW. ICAEW may also give exemption in one or 2 papers if student has scored more than 60% marks in relevant subject.
Moreover students does not need degree in accounting or accounting related subjects to register with ICAEW. If students do not have degree in accounting or accounting related subjects then ICAEW will not give any exemption.
After registration with ICAEW student can start preparing to ICAEW exams by studying privately or at more than one college. Students does not need to provide their attendance record to ICAEW. Students pass 14 papers of ICAEW without starting training. After passing 14 papers students start 3 yrs training with ICAEW authorised firm in Pakistan and take final and last paper of ICAEW when they are in last (3rd) yr of training (articleship).
After passing last (paper no 15) paper and completing three yrs training (articleship) students apply for ICAEW membership and get ICAEW members.
NOTE Students can start their training at any time during their studies or at the same time with they register with ICAEW. Students can also leave one CA firm and join another CA firm, but in that case students need to join second CA firm within three months (I am not sure abt time period but it is definitely in months) of leaving their first firm. Students also does not need to take NOC from the firm which they are leaving as ICAEW does not require it.
<b>Entry route for Two yrs Bachelors from Pakistan</b>
Students need to take same steps which 4 yrs bachelors students Or 2 yrs Bachelors with 2 yrs Master students require to take. But in case of only two yrs Bachelors from Pakistan students will not be able to claim any exemption and training (articleship) period will be 5 yrs.
Students can take and pass 14 out of 15 papers inside or outside training contract, but student can take and pass ICAEW last paper in final yr of their training (articleship) contract i.e fifth yr.
<b>Route for AAT Qualified</b>
If students are full members of AAT then ICAEW will give exemptions and training period will be 2 yrs instead of 3 yrs.
<b>ICAP students who have passed Module D</b>
Such students are eligible to register with ICAEW.
Khalid
For people information I was offered training contract leading to examinations of ICAEW and ICAI (Ireland) after my ACCA, in UK. But I decided not to go for these qualifications as they do not add any value to one CV after ACCA.
<b>Information for Pakistani students who want to do ACA from ICAEW</b>
Let me clear that to do ACA from ICAEW students does not need to first do CA from ICAP or ACCA. Students do not have to be in training contract to start taking ICAEW exams. In fact students can take and pass 14 out of 15 exams of ICAEW outside training contract, means ICAEW 14 out of 15 exams can be taken and passed by studying full time and without joining any ICAEW authorised CA firm. But to take ICAEW final exam students have to be in final yr of their training (articleship).
Benefits of ICAEW over ICAP for students.
1)ICAEW does not take any admission or PPT test.
2)ICAEW does not require students to register with college (RAETs). Students can study privately or can register with more than one college (RAETs) at a same time.
3)If students do register with college (RAETs), students do not need to provide ICAEW college attendance record.
4)ICAEW marks papers according to standard and not to quta.
5)Students can take and pass papers one by one and students do not need to take and pass group of papers in one sitting.
6)If student pass any of ICAEW paper, student will retain this paper forever.
7) ICAEW professonal stage cosists of two levels Knowledge Level and Application level.
8)Knowledge level consists of 6 papers and duaration of exam at knowledge level is 1.5 hours and are computer based exams. It means students can chose date and time which is convenient to them.students does not require to take and and pass papers at Knowledge level at any particular sequence means student can chose to take and pass paper 6 (last Knowledge paper) first and paper 1 (first knowledge paper) at the end. So student can pick and chose.
9) Aplication level also cosists of 6 papers which are assessed in paper based exams of 2.5 hours. Again at application level student can pick and chose papers.
8) Adavance level consist of 3 papers and students can take and pass these 3 papers in one sitting.these papers can also be taken and passed separately.
<b>Students can register with ICAEW if they do have following qualifications</b>.
1)Four yrs bachelors from Pakistan.
2)Two yrs bachelors WITH two yrs Masters from Pakistan.
3)Two yrs Bachelors from Pakistan
4)ICAP students who have passed Module D (this need to checked with ICAEW).
5)AAT qualified (I think CAT qualified can also register)
<b>Entry rout for 4 yrs Bachelors from Pakistan OR Two yrs bachelors WITH two yrs Masters from Pakistan</b>
Student just register with ICAEW and therefore will be no need to pass or claim exemption from PPT (as ICAEW does not take PPT at all). Student can register with ICAEW by filling student registration form and sending registration fee to ICAEW. ICAEW may also give exemption in one or 2 papers if student has scored more than 60% marks in relevant subject.
Moreover students does not need degree in accounting or accounting related subjects to register with ICAEW. If students do not have degree in accounting or accounting related subjects then ICAEW will not give any exemption.
After registration with ICAEW student can start preparing to ICAEW exams by studying privately or at more than one college. Students does not need to provide their attendance record to ICAEW. Students pass 14 papers of ICAEW without starting training. After passing 14 papers students start 3 yrs training with ICAEW authorised firm in Pakistan and take final and last paper of ICAEW when they are in last (3rd) yr of training (articleship).
After passing last (paper no 15) paper and completing three yrs training (articleship) students apply for ICAEW membership and get ICAEW members.
NOTE Students can start their training at any time during their studies or at the same time with they register with ICAEW. Students can also leave one CA firm and join another CA firm, but in that case students need to join second CA firm within three months (I am not sure abt time period but it is definitely in months) of leaving their first firm. Students also does not need to take NOC from the firm which they are leaving as ICAEW does not require it.
<b>Entry route for Two yrs Bachelors from Pakistan</b>
Students need to take same steps which 4 yrs bachelors students Or 2 yrs Bachelors with 2 yrs Master students require to take. But in case of only two yrs Bachelors from Pakistan students will not be able to claim any exemption and training (articleship) period will be 5 yrs.
Students can take and pass 14 out of 15 papers inside or outside training contract, but student can take and pass ICAEW last paper in final yr of their training (articleship) contract i.e fifth yr.
<b>Route for AAT Qualified</b>
If students are full members of AAT then ICAEW will give exemptions and training period will be 2 yrs instead of 3 yrs.
<b>ICAP students who have passed Module D</b>
Such students are eligible to register with ICAEW.
Khalid
