03-01-2004, 10:05 AM
Yes there are NO exemptions for CPA on the basis of ACCA... In USA, CPA is the major accountancy qualification and the scope of CPA in USA is great.
Outside USA, its scope is questionable... Because American accountancy is a bit different from what we do here in Pakistan and Europe... The basics are the same, but the difference lies in the terminologies used and the presentation as well...
For example, in balance sheet, we show Fixed Assets before Current Assets... The Americans do the exact opposite... They also use words such as Leverage as a substitute for 'Gearing Ratio'.
