06-27-2010, 05:59 AM
I think I was wrong when I said that ICAEW is not that type of institute which gives exemptions on the basis of power of bargaining.
Let me clear what I am demanding from ICAP. I do not want ICAP to become ICAEW duplicate. We are not far behind. Majority of ICAP members are working abroad. In CFO conference Siemens CFO ( he is not Pakistani citizen ) appreciated Pakistani CAs for their financial IQ. But it does not mean that there is no need to move forward. There is always a room for improvement.
Now what are the areas which require improvement
let me explain with an example In D-module IT paper 60 marks are of theory paper.
For those 60 marks ICAP recommended 4 books of foreign authors, 3 books constitute supplementary material. These foreign author books are not exclusively written for accountancy profession.
Can ICAP not produce a single high quality IT book which is exactly in accordance with the needs of CA profession? The answer is no. because ICAP members are busy and they do not like to engage IT professional to produce such book.
Now the meaning of and working of MIS is the same whether here or in England.
There are same concepts of IT security and IT controls. If ICAP adopt ICAEW study material and keep its syllabus compatible with that of ICAEW it will bring some benefits for humans who will be prevented from those foreign author books and they will keep their focus on just one or two high quality books exclusively written for accountancy profession. Same is the case with other subjects.
In the E-learning section of ICAP website there is a presentation regarding E-module advanced accounting and financial reporting paper in which the ICAP presenter recommend ACCA books especially for consolidation. The consolidation methodologies are the same whether in CA or ACCA and CA students are using ( adopting I should say) the KAPLAN or BPP books. These books are not officially recommended by ICAP. But the students are using. They have no other options. If this is so it should be taken as ICAP is adopting ACCA curriculum. Even ACCA books are used in F module. This is the reason ACCA students are ânarazâ with ICAP.
By using or adopting ICAEW study material and equate CA syllabus according to that is not equivalent to surrendering ICAP curriculum. At least students get world class material. ICAP cannot develop that type of material in-house. But ICAEW has developed that. ICAP published GRIPPING IFRS volume II written by South African CA.
GRIPPING IFRS books are only high quality books published by ICAP but not written by its members.
Up till few years back ICAP is of firm belief that to produce scholars students should study many many books so that they develop a wider perspective of looking at things. Use of ACCA books by CA students proves them wrong. Now the president of ICAP says in the Pakistan Accountantâ president page that developing high quality study material is receiving our close attention. Let see what will happen.
But there will be something new.
May be you perceive differently. Even many people still use the word âcopyâ.
Whether ICAP copy or paste ICAEW I want âBAHLAâ for ICAP CA students no matter how it materializes.
Let me clear what I am demanding from ICAP. I do not want ICAP to become ICAEW duplicate. We are not far behind. Majority of ICAP members are working abroad. In CFO conference Siemens CFO ( he is not Pakistani citizen ) appreciated Pakistani CAs for their financial IQ. But it does not mean that there is no need to move forward. There is always a room for improvement.
Now what are the areas which require improvement
let me explain with an example In D-module IT paper 60 marks are of theory paper.
For those 60 marks ICAP recommended 4 books of foreign authors, 3 books constitute supplementary material. These foreign author books are not exclusively written for accountancy profession.
Can ICAP not produce a single high quality IT book which is exactly in accordance with the needs of CA profession? The answer is no. because ICAP members are busy and they do not like to engage IT professional to produce such book.
Now the meaning of and working of MIS is the same whether here or in England.
There are same concepts of IT security and IT controls. If ICAP adopt ICAEW study material and keep its syllabus compatible with that of ICAEW it will bring some benefits for humans who will be prevented from those foreign author books and they will keep their focus on just one or two high quality books exclusively written for accountancy profession. Same is the case with other subjects.
In the E-learning section of ICAP website there is a presentation regarding E-module advanced accounting and financial reporting paper in which the ICAP presenter recommend ACCA books especially for consolidation. The consolidation methodologies are the same whether in CA or ACCA and CA students are using ( adopting I should say) the KAPLAN or BPP books. These books are not officially recommended by ICAP. But the students are using. They have no other options. If this is so it should be taken as ICAP is adopting ACCA curriculum. Even ACCA books are used in F module. This is the reason ACCA students are ânarazâ with ICAP.
By using or adopting ICAEW study material and equate CA syllabus according to that is not equivalent to surrendering ICAP curriculum. At least students get world class material. ICAP cannot develop that type of material in-house. But ICAEW has developed that. ICAP published GRIPPING IFRS volume II written by South African CA.
GRIPPING IFRS books are only high quality books published by ICAP but not written by its members.
Up till few years back ICAP is of firm belief that to produce scholars students should study many many books so that they develop a wider perspective of looking at things. Use of ACCA books by CA students proves them wrong. Now the president of ICAP says in the Pakistan Accountantâ president page that developing high quality study material is receiving our close attention. Let see what will happen.
But there will be something new.
May be you perceive differently. Even many people still use the word âcopyâ.
Whether ICAP copy or paste ICAEW I want âBAHLAâ for ICAP CA students no matter how it materializes.
