06-26-2010, 07:54 PM
Buddies
There is no question of CA/ACCA debate on this thread and if it is started in that fashion it would again lead to same conclusions which have been reached far back in history with no significant change.
One point for Arsalan; buddy the thing which you don't understand or is disliked by you does not necessarily mean to be meaningless. Certainly it could have carried lots of meaning for others.
My point about tightening of ACCA position meant that if CA in Pak improves its syllabus structure and makes available relevant study material and learning tools, as people have been pointing out (my concurrence with slight reservation on it) then the general opinion about its stiffness would come to an end. Some of the people who currently are rushing to ACCA just for its easy to pass structure would definitely be revisiting their decision in coming days specially the majority of them would have seen the outcome of their effort after consuming 3-4 years by then.
On the contrary, ACCAs might have established a very good market by then (or vice versa), so, market demand or acceptability is not being discussed. Nothing in that measure is being compared. This thread is meant for discussing reforms in CA syllabus, entry of students and post reforms scenario etc. People claim that currently majority is opting ACCA considering CA a difficult venture (as said by VITAL). I said this position would be changed and this would tighten ACCA position i.e. its entry rate. Nothing is discussed as to what is better and what is not. Just a clarification.
By the way there is a presumed difference between "ACCA" and "ACCAs". You see I wrote "ACCA" and not "ACCAs" in my earlier post.
Anyway, opinions can differ largely and I am not intended to debate on it.
Shani and Vital,
There is nothing wrong in developing our own syllabus and/or adopting cent percent some international body's syllabus since both things have to address same underlying core material i.e. IFRSs, ISAs and similar pronouncements.
We are already very much on to it and you might not be knowing that in Pakistan except for IFRS-1 we are fully compliant to all other IFRSs and related interpretations, and this is the only country in the whole region that is compliant to such an extent. In ISAs, we are one of a few countries in the region that have adopted entire ISAs issued so far. The recently clarified/reformatted set of already adopted ISAs is also under discussion and would hopefully be notified shortly.
So Pakistan and its professionals are not behind any one when latest pronouncements and upfront adoption of such pronouncements comes under question.
As I said any of the approach (developing own Syllabus or adopting some well recognized syllabus) is fine; we know it; but might others not be knowing it in same depth or might they not be willing to know, specially because we have a low voice when number game comes into play. So, the later one will make it easy for others in the world to readily understand what we are doing and what we are teaching to our students. We will not be required to prove any point and nobody would be arguing on it. That's why I said it would be beneficial for students in future. Hikmat ke baat kahin say bhi mil jaaey usko lenay main kia problem hai?
At the same time we would not be losers at all since the adapted syllabus would be fully compliant to IFAC pronouncements; and for local legislation we will be following our own contents.
I discussed a reservation to something in earlier paragraphs. I feel reservation on the statement that it is ICAP's policies that create hardship for students to qualify. Brothers, it is not the case at all. Majority does not get merit to be admitted to engineering and medical as well; is it some issue of policies there as well? Majority does not qualify ISSB tests; what you will about it? In all contests majority does not gets through. So, I believe nothing can be measured by looking at the number of failures or the people who struggle for longer runs. In Pakistan even the passing rate for Matric is almost 40-45 percent (check various Board results for SSC and HSC). If you come to graduation level it would I guess be around 25-35 percent. Data needs to be checked. Yes, there is a valid point for shortage of exact relevant study material but it has nothing to do with examination policy. I personally feel that studying more than one book and exploring the ideas of many writers adds value and creates a difference among professionals, yet I agree this consumes much effort and could be a factor of difficulty. I hope these problems will also be getting resolved as a result of current reforms. However, whoever works hard gets qualified and there is no ambiguity in it. This is true for all fields of life. Rest assured.
Let's see how these all issues are addressed and how the expectations of students are met. I have learnt to remain positive for the future and I believe this always helps.
Regards,
