08-24-2009, 01:49 PM
Dear Mudassar,
A lot many views have been given on this topic. Please read my topic ACMAâs Vs CAâs. this topic is available on following link on the forum
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=6519
As you start reading this topic, you will find many battles of words between me and other. So kindly donât put oil on fire as the holy month of Ramzan is being going on. After many such battles of words I have reached at the result that these discussion create hatred among forum members. But I want to reply to some of points that you raised in your post.
Please visit web site of ICMAP and see syllabus you will find that the topic of consolidated financial statements is included in our syllabus an ACMA can prepare even financial statements of group of companies see also the syllabus of Financial Reporting of stage V. Past papers are also available on the web site . You may also see them.
ACMAâs have right to do the audit of Private Ltd Companies having paid up capital up to a certain limit as mentioned in Companies Ordinance,1984.
ACMAâs has right to perform Tax audit and Sales Tax audit as per Income Tax ordinance 2001 and Sales Tax Act respectably.
ACMAâs has right to conduct cost audit, which is mandatory for certain industries as per Companies Ordinance, 1984 .
ACMAâs can become Company secretary as per corporate laws.
ACMAâs can become liquidator..
ACMAâs can become internal auditor of companies as per code of corporate governance, 2005.
Finally ACMAâs are not graduates. ICMA is considered equal to masters.
Dear,pl don't mind which university teaching teaching the tax law,corporate law,auditing, financial accounting,cost accounting, management accounting and auditing in such detail and depth as the ACMA's read these subjects.
See ads of big companies for the vacant post of CFO,Internal Auditor and Director Finance you wil find in mostly ad that required is either CA or ACMA. If M.B.A or M.Com is reqired a experience of 15 to 20 years is also required. Contrary to this ACMA's and CA's hold only 2 to 5 years experience become eligible for these post. Ussually a fresh ACMA with some experience starts his career with a starting salary of RS. 30,000-40,000. While a fresh M.B.A of a good university starts his career with a salary of 10,000-20,000.
Regards,
Awais Aftab
A lot many views have been given on this topic. Please read my topic ACMAâs Vs CAâs. this topic is available on following link on the forum
http//www.accountancy.com.pk/forum/topic.asp?TOPIC_ID=6519
As you start reading this topic, you will find many battles of words between me and other. So kindly donât put oil on fire as the holy month of Ramzan is being going on. After many such battles of words I have reached at the result that these discussion create hatred among forum members. But I want to reply to some of points that you raised in your post.
Please visit web site of ICMAP and see syllabus you will find that the topic of consolidated financial statements is included in our syllabus an ACMA can prepare even financial statements of group of companies see also the syllabus of Financial Reporting of stage V. Past papers are also available on the web site . You may also see them.
ACMAâs have right to do the audit of Private Ltd Companies having paid up capital up to a certain limit as mentioned in Companies Ordinance,1984.
ACMAâs has right to perform Tax audit and Sales Tax audit as per Income Tax ordinance 2001 and Sales Tax Act respectably.
ACMAâs has right to conduct cost audit, which is mandatory for certain industries as per Companies Ordinance, 1984 .
ACMAâs can become Company secretary as per corporate laws.
ACMAâs can become liquidator..
ACMAâs can become internal auditor of companies as per code of corporate governance, 2005.
Finally ACMAâs are not graduates. ICMA is considered equal to masters.
Dear,pl don't mind which university teaching teaching the tax law,corporate law,auditing, financial accounting,cost accounting, management accounting and auditing in such detail and depth as the ACMA's read these subjects.
See ads of big companies for the vacant post of CFO,Internal Auditor and Director Finance you wil find in mostly ad that required is either CA or ACMA. If M.B.A or M.Com is reqired a experience of 15 to 20 years is also required. Contrary to this ACMA's and CA's hold only 2 to 5 years experience become eligible for these post. Ussually a fresh ACMA with some experience starts his career with a starting salary of RS. 30,000-40,000. While a fresh M.B.A of a good university starts his career with a salary of 10,000-20,000.
Regards,
Awais Aftab
