07-27-2009, 12:30 AM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rabia-k</i>
<br />@ odyssee
"any tom dick and harry can enter the ACCA without any testing."
i dont agree with you on this one. what i have seen here is that pakistani metric pass students are always put into CAT. i have rarely seen a pakistani metric pass student who has directly been enrolled into the ACCA. you have to be an O/A levels to register with the ACCA.
what really confuses me is when i see b.com and M.coms registering with ACCA and receiving the same sort of exemptions in ACCA i.e papers from papers F1 to F4. infact i have an MBA in my class who's only exempted from the first 4 papers.!!! eventhough the ACCA P level is considered to be equivalent to masters degree, to some extent.
i did rather say that any tom dick and harry can pass the ACCA, IF they work hard. you dont really need to be a genius to pass your ACCA papers. with a solid 5 hrs learning in a day, one can pull a rabbit out of the hat with the ACCA (Fudamental level)
still i see students taking 3 to 4 attempts to pass their papers, managing to scrap a 50 , 52 mark which is very low. its just unfair for students passing with 70%+ burning away the midnight oil, studying.
we also have an option to choose P4. this subject is so very essential for any would be accountant, i mean how can any1 just bypass this paper? but there are students who DO skip this paper.
middle east is a huge market for ACCAs, BUT you also have a huge ever growing no. of ACCA students studying, living amd working here. leave alone the other countries, there are several students already studying for the ACCA here and also working in firms. our institute is a gold approved ACCA tuition provider, fully managed and owned by indians except for the ACCA department. we have ACCA tutors from Pakistan . they come here, teach for 4 or 6 months and then return back to pakistan. not everyone is lucky to get a job in firms here. the truth is that there are just too many and too few jobs, WORRY!!
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
@ Rabia
when i said "any tom, dick or harry can enter into ACCA", my reference was towards the students who register as an ACCA through the Mature Student Entry Route, according to which, the only requirement is, that u need to be 21 years old at the time of registration. This is the route to ACCA which concerns me deeply and was the focus of my criticism. Secondly, after A-levels, the resquirements for registering as an ACCA student through the Professional Entry Route, is to have 2 passes in any subjects. Even those who have scored E's(50%) in Urdu or Sociology in A-levels can register as an ACCA student. Is it fair?
i completely agree with you that any tom, dick or harry can pass ACCA papers. This is mainly because of the marking procedures adopted by ACCA, as i have metnioned in the earlier post, and unless something is done about it, it is bound to ruin the quality of ACCA qualification. But i can assure you that the syllabus of ACCA is of international standard and is comparable with any international accountancy qualification. The only flaw is in the examining and marking methodology, according to which those students who do not have perfect understanding of the syllabus can still pass their exams. I'll give u an example Technically IFRS 4 is in the syllabus of P2 "Corporate Reporting". I would challenge u to ask any ACCA student who has passed P2, to explain u IFRS 4. You'd be surprised to witness their unability to do so. Similarly, IFRICs and SIC's are technically in the syllabus of P2, but no one cares to understand them because in the exam questions are not normally set on them. So, one who has spent his time equally at understanding ALL the elements of the syllabus would probably score lower than him/her who has spent his done exam focused studies. Thats what my argument is. The focus is not on understanding issues and concepts, but to simply pass the papers. And most of the teachers follow this exam focused approach. It is good for passing the exams. But that would only give one a limited understanding of the syllabus, even after passing the exams.
Again i agree with u that P4 should be a compulsory subject as it was in the previous ACCA syllabus. Atleast in karachi, i must tell u that most of the students attempt P4 n P5. Infact i also attempted the same combination. A question can be asked that, how can one bypass P7 "Advanced Audit and Assurance" in ACCA? EY has a policy of giving a raised stipend (more than CA inters) to those who have passes in P6 or P7. But still a majority of the students attempt P4 n P5. This is because there is only 1 reputable teacher of P6 in karachi, and none for P7.
Almost all of my friends who became ACCA Affiliates in the last session, got inducted into Big4. Those who didnt get into Big4 actually didnt apply in BIG4 and preferred to join the industry or the financial institutions. You would definitely find many ACCA students who are frustrated and will be constantly whining and complaining about not getting a training contract (i've been through that stage), but you wont find any ACCA affiliate doing the same. You might find ACCA Affiliates complaining about the work load and the lack of decent stipend in the firm (CA Inters complain the same way during articleship), but u would hardly find an ACCA Affiliate who is unemployed or not under a training contract. And i guess this is the bright side which everyone should focus on.
<br />@ odyssee
"any tom dick and harry can enter the ACCA without any testing."
i dont agree with you on this one. what i have seen here is that pakistani metric pass students are always put into CAT. i have rarely seen a pakistani metric pass student who has directly been enrolled into the ACCA. you have to be an O/A levels to register with the ACCA.
what really confuses me is when i see b.com and M.coms registering with ACCA and receiving the same sort of exemptions in ACCA i.e papers from papers F1 to F4. infact i have an MBA in my class who's only exempted from the first 4 papers.!!! eventhough the ACCA P level is considered to be equivalent to masters degree, to some extent.
i did rather say that any tom dick and harry can pass the ACCA, IF they work hard. you dont really need to be a genius to pass your ACCA papers. with a solid 5 hrs learning in a day, one can pull a rabbit out of the hat with the ACCA (Fudamental level)
still i see students taking 3 to 4 attempts to pass their papers, managing to scrap a 50 , 52 mark which is very low. its just unfair for students passing with 70%+ burning away the midnight oil, studying.
we also have an option to choose P4. this subject is so very essential for any would be accountant, i mean how can any1 just bypass this paper? but there are students who DO skip this paper.
middle east is a huge market for ACCAs, BUT you also have a huge ever growing no. of ACCA students studying, living amd working here. leave alone the other countries, there are several students already studying for the ACCA here and also working in firms. our institute is a gold approved ACCA tuition provider, fully managed and owned by indians except for the ACCA department. we have ACCA tutors from Pakistan . they come here, teach for 4 or 6 months and then return back to pakistan. not everyone is lucky to get a job in firms here. the truth is that there are just too many and too few jobs, WORRY!!
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
@ Rabia
when i said "any tom, dick or harry can enter into ACCA", my reference was towards the students who register as an ACCA through the Mature Student Entry Route, according to which, the only requirement is, that u need to be 21 years old at the time of registration. This is the route to ACCA which concerns me deeply and was the focus of my criticism. Secondly, after A-levels, the resquirements for registering as an ACCA student through the Professional Entry Route, is to have 2 passes in any subjects. Even those who have scored E's(50%) in Urdu or Sociology in A-levels can register as an ACCA student. Is it fair?
i completely agree with you that any tom, dick or harry can pass ACCA papers. This is mainly because of the marking procedures adopted by ACCA, as i have metnioned in the earlier post, and unless something is done about it, it is bound to ruin the quality of ACCA qualification. But i can assure you that the syllabus of ACCA is of international standard and is comparable with any international accountancy qualification. The only flaw is in the examining and marking methodology, according to which those students who do not have perfect understanding of the syllabus can still pass their exams. I'll give u an example Technically IFRS 4 is in the syllabus of P2 "Corporate Reporting". I would challenge u to ask any ACCA student who has passed P2, to explain u IFRS 4. You'd be surprised to witness their unability to do so. Similarly, IFRICs and SIC's are technically in the syllabus of P2, but no one cares to understand them because in the exam questions are not normally set on them. So, one who has spent his time equally at understanding ALL the elements of the syllabus would probably score lower than him/her who has spent his done exam focused studies. Thats what my argument is. The focus is not on understanding issues and concepts, but to simply pass the papers. And most of the teachers follow this exam focused approach. It is good for passing the exams. But that would only give one a limited understanding of the syllabus, even after passing the exams.
Again i agree with u that P4 should be a compulsory subject as it was in the previous ACCA syllabus. Atleast in karachi, i must tell u that most of the students attempt P4 n P5. Infact i also attempted the same combination. A question can be asked that, how can one bypass P7 "Advanced Audit and Assurance" in ACCA? EY has a policy of giving a raised stipend (more than CA inters) to those who have passes in P6 or P7. But still a majority of the students attempt P4 n P5. This is because there is only 1 reputable teacher of P6 in karachi, and none for P7.
Almost all of my friends who became ACCA Affiliates in the last session, got inducted into Big4. Those who didnt get into Big4 actually didnt apply in BIG4 and preferred to join the industry or the financial institutions. You would definitely find many ACCA students who are frustrated and will be constantly whining and complaining about not getting a training contract (i've been through that stage), but you wont find any ACCA affiliate doing the same. You might find ACCA Affiliates complaining about the work load and the lack of decent stipend in the firm (CA Inters complain the same way during articleship), but u would hardly find an ACCA Affiliate who is unemployed or not under a training contract. And i guess this is the bright side which everyone should focus on.
