08-03-2009, 09:55 PM
Exemptions in ICAP
After clearing ACCA, Module A-D of CA-ICAP will be exempt. You will have to attempt Module E and F (a total of 8 papers).
Exemptions in ICAEW
If u have cleared your ACCA with passes in paper P6 and P7,then the Professional Stage of ACA-ICAEW will be completely exempt. You will only need to attempt all the 3 papers of the Advanced Stage.
You can view the syllabus of ACA on the following link
http//www.bpp.com/aca/about/syllabus.asp
Regarding which is better, CA or ACA?
I asked a similar question from a senior member of this forum (kamranACA) and his reply was and i quote
<b>Dear,
ACCA is good qualification if we look at its academic side, its subjects, study material, contents, and so on. This can polish the abilities of a genius but can't help every one with same intensity. There is lot more which needs to be reviewed which in my personal opinion (that's not binding on any one else) has been ignored. I discussed it with representatives of Pak chapter and they acknolwdged what I said is in fact notable and workable. However, neither they have to compulsorily act upon my humble suggestions nor I am so much concerned to keep on debating with them. Leaving a few rare cases which I know you are aware of, ACCAs are not well accepted at Pakistan and in fact flow out in loads every year. This creates frustration for lot more people who went out with an intent of returning gracefully to the homeland. The intent which never comes true because they know what they will be offered here. You must have witnessed cases of such frustration.
This was not what you asked but lays the foundation of what I want to reply.
In fact no qualification is that bad if we discuss it simply with reference to the academic issues. Professionaly speaking we can find differences. This is what one needs to concentrate on.
ICAEW has a history of larger acceptance at sub continent as well as so many parts of the world. It's respected for its quality undoubtedly. This has nothing to do with poor people's creation of master slave issues or revenue race or number game etc. Had it been the case ACCA should have been respected professionally in same fashion which unfortunately is not the case irrespective of lots of MRAs. If one can understand he may be knowing that like academic contents, MRAs can also not enhance acceptance in some designation's originality. Yes MRAs provide a base to penetrate if the subject qualification is factually upto it. So again undoubtedly it is solely based upon the grace, priviliges and honor which ICAEW carries for its quality over the decades and decades. It's no master slave issue.
ICAP has a greater relevance to the people who want to settle down at Pakistan or eventually at Pakistan although its members are working around the globe. It carrys independent identity and backing by Goverment, public and private sectors being localized charterholder, advisor and part of policy making exercizes at some fronts or in some facets.
ICAP did not make that level of efforts for MRAs etc in past since there was huge demand supply imbalance for its members thereby providing handsome returns locally as well as internationally.
However, now as a step forward to do the needful in changed globalized scenario it has recently started efforts for MRAs and MOU with ICAEW is the first such step. The people commenting on the step are theirself the most rejected and frustrated one. Their condition does not make them to understand this process. Essense is, end of times has not come and we have to witness a lot more in coming days on positive pole. An international qualification may come forth which can change the whole scene. I don't go into details before time.
In Pak ICAEW is fully recognised for membership of ICAP but this membership carries restricted rights. For getting into public practice they have to pass certain papers of ICAP. Without this they could be good only for industry and not for profession. Terms to be taken in general sense.
So summing up this whole write up, I feel ICAEW's CA will be a good option for ACCAs because they will get ICAP's membership as well. However two things can affect this decision. Firstly, since end of times has not come, if ICAP will restrict its membership to those ICAEW members who do not carry such designation on the basis of ACCA (or CIMA) then it will not be good. I personally will suggest ICAP's council members to take such decision since it also follows same rule. Let's see what they feel appropriate.
Secondly, even if ICAEW members who got such designation on the basis of ACCA are given ICAP's membership, they will not be allowed to start or join any public practice.
Keeping this in mind you can take your own decision.
Let me know if you require some input.
Regards,
Kamran.
</b>
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=7654&whichpage=1
After clearing ACCA, Module A-D of CA-ICAP will be exempt. You will have to attempt Module E and F (a total of 8 papers).
Exemptions in ICAEW
If u have cleared your ACCA with passes in paper P6 and P7,then the Professional Stage of ACA-ICAEW will be completely exempt. You will only need to attempt all the 3 papers of the Advanced Stage.
You can view the syllabus of ACA on the following link
http//www.bpp.com/aca/about/syllabus.asp
Regarding which is better, CA or ACA?
I asked a similar question from a senior member of this forum (kamranACA) and his reply was and i quote
<b>Dear,
ACCA is good qualification if we look at its academic side, its subjects, study material, contents, and so on. This can polish the abilities of a genius but can't help every one with same intensity. There is lot more which needs to be reviewed which in my personal opinion (that's not binding on any one else) has been ignored. I discussed it with representatives of Pak chapter and they acknolwdged what I said is in fact notable and workable. However, neither they have to compulsorily act upon my humble suggestions nor I am so much concerned to keep on debating with them. Leaving a few rare cases which I know you are aware of, ACCAs are not well accepted at Pakistan and in fact flow out in loads every year. This creates frustration for lot more people who went out with an intent of returning gracefully to the homeland. The intent which never comes true because they know what they will be offered here. You must have witnessed cases of such frustration.
This was not what you asked but lays the foundation of what I want to reply.
In fact no qualification is that bad if we discuss it simply with reference to the academic issues. Professionaly speaking we can find differences. This is what one needs to concentrate on.
ICAEW has a history of larger acceptance at sub continent as well as so many parts of the world. It's respected for its quality undoubtedly. This has nothing to do with poor people's creation of master slave issues or revenue race or number game etc. Had it been the case ACCA should have been respected professionally in same fashion which unfortunately is not the case irrespective of lots of MRAs. If one can understand he may be knowing that like academic contents, MRAs can also not enhance acceptance in some designation's originality. Yes MRAs provide a base to penetrate if the subject qualification is factually upto it. So again undoubtedly it is solely based upon the grace, priviliges and honor which ICAEW carries for its quality over the decades and decades. It's no master slave issue.
ICAP has a greater relevance to the people who want to settle down at Pakistan or eventually at Pakistan although its members are working around the globe. It carrys independent identity and backing by Goverment, public and private sectors being localized charterholder, advisor and part of policy making exercizes at some fronts or in some facets.
ICAP did not make that level of efforts for MRAs etc in past since there was huge demand supply imbalance for its members thereby providing handsome returns locally as well as internationally.
However, now as a step forward to do the needful in changed globalized scenario it has recently started efforts for MRAs and MOU with ICAEW is the first such step. The people commenting on the step are theirself the most rejected and frustrated one. Their condition does not make them to understand this process. Essense is, end of times has not come and we have to witness a lot more in coming days on positive pole. An international qualification may come forth which can change the whole scene. I don't go into details before time.
In Pak ICAEW is fully recognised for membership of ICAP but this membership carries restricted rights. For getting into public practice they have to pass certain papers of ICAP. Without this they could be good only for industry and not for profession. Terms to be taken in general sense.
So summing up this whole write up, I feel ICAEW's CA will be a good option for ACCAs because they will get ICAP's membership as well. However two things can affect this decision. Firstly, since end of times has not come, if ICAP will restrict its membership to those ICAEW members who do not carry such designation on the basis of ACCA (or CIMA) then it will not be good. I personally will suggest ICAP's council members to take such decision since it also follows same rule. Let's see what they feel appropriate.
Secondly, even if ICAEW members who got such designation on the basis of ACCA are given ICAP's membership, they will not be allowed to start or join any public practice.
Keeping this in mind you can take your own decision.
Let me know if you require some input.
Regards,
Kamran.
</b>
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=7654&whichpage=1
