03-03-2010, 04:02 AM
Dear readers,
After going through many posts here i see there are so many misconceptions about ACCA in Pakistan. Although there is a seperate topic relating to misconceptions and myths of ACCA, this topic is specifically for those PpL who think ACCA as inferior to ICAP's C.A.
I love to do research and go into details of information and facts, so here are my findings
There have been allegations that ACCA's examining standard is not as high as ICAP's. Well, i had a talk with a highly respected professional, who is going to be a FCA(ICAP) this year, teaches certain papers of C.A inter and module E and F, and is also a teacher of certain papers of fundamentals and professional module of ACCA. When i enquired him about the comparison of examining level of both ACCA and ICAP's C.A, he said ACCA's examining standard is of higher level and well-structured. In an answer to my question-"If consolidation is examined in ICAP's C.A, would it be of the same level as ACCA's F7 and P2?"- he said ICAP's question will be of a lower level than ACCAs(this question was asked as an example of examining level of ACCA)
Many PpL believe ACCAs to be inferior to ACAs in Pakistan. The only ground for this belief is that CA is a local qualification. All of the PpL in senior positions in audit firms are ACAs and FCAs, who consider ACCA students as something very low and having no knowledge. It is really sad to see that in Pakistan discrimination is at its best You will see PpL discriminating on the basis of sex, race, qualification and region
There are many PpL out there who argue that ACCAs need support of ICAP to excel in Pakistan. I ask them, on what basis do you conclude that? If it is because of requiring practise certificate of ICAP, then we all should be aware that most of us don't go for public practising. I don't see any reason for support of ICAP for ACCAs in multinational and other companies
Some argue that ACCA is comparatively too easy to be passed than C.A, but they don't quote the REASONS for it. It is comparatively easy not because its examining level is low, but because there are various resources available for students to study and pass. ACCA has a structured approach in exams, whereas C.A does not. In ACCA, you know how many questions are going to be examined, in C.A you never know the number of questions. In ACCA there are certain papers where you can predict the questions. For example In paper F7 you know Q1 will always be consolidation, Q2 group accounts, and in Paper F8, Q1 will be on Audit evidence and procedures and Q2 purely knowledge-based. In C.A, you never know anything like this. In ACCA you have a clear, transparent and published marking scheme, in C.A you don't
If ACCA starts adopting policies of ICAP, it will be much much tougher than ICAP's C.A. In ACCA examiner wants good students to pass, not fail
There are many brain-washed PpL out there who would talk against ACCA no matter what fact you provide them with
After going through many posts here i see there are so many misconceptions about ACCA in Pakistan. Although there is a seperate topic relating to misconceptions and myths of ACCA, this topic is specifically for those PpL who think ACCA as inferior to ICAP's C.A.
I love to do research and go into details of information and facts, so here are my findings
There have been allegations that ACCA's examining standard is not as high as ICAP's. Well, i had a talk with a highly respected professional, who is going to be a FCA(ICAP) this year, teaches certain papers of C.A inter and module E and F, and is also a teacher of certain papers of fundamentals and professional module of ACCA. When i enquired him about the comparison of examining level of both ACCA and ICAP's C.A, he said ACCA's examining standard is of higher level and well-structured. In an answer to my question-"If consolidation is examined in ICAP's C.A, would it be of the same level as ACCA's F7 and P2?"- he said ICAP's question will be of a lower level than ACCAs(this question was asked as an example of examining level of ACCA)
Many PpL believe ACCAs to be inferior to ACAs in Pakistan. The only ground for this belief is that CA is a local qualification. All of the PpL in senior positions in audit firms are ACAs and FCAs, who consider ACCA students as something very low and having no knowledge. It is really sad to see that in Pakistan discrimination is at its best You will see PpL discriminating on the basis of sex, race, qualification and region
There are many PpL out there who argue that ACCAs need support of ICAP to excel in Pakistan. I ask them, on what basis do you conclude that? If it is because of requiring practise certificate of ICAP, then we all should be aware that most of us don't go for public practising. I don't see any reason for support of ICAP for ACCAs in multinational and other companies
Some argue that ACCA is comparatively too easy to be passed than C.A, but they don't quote the REASONS for it. It is comparatively easy not because its examining level is low, but because there are various resources available for students to study and pass. ACCA has a structured approach in exams, whereas C.A does not. In ACCA, you know how many questions are going to be examined, in C.A you never know the number of questions. In ACCA there are certain papers where you can predict the questions. For example In paper F7 you know Q1 will always be consolidation, Q2 group accounts, and in Paper F8, Q1 will be on Audit evidence and procedures and Q2 purely knowledge-based. In C.A, you never know anything like this. In ACCA you have a clear, transparent and published marking scheme, in C.A you don't
If ACCA starts adopting policies of ICAP, it will be much much tougher than ICAP's C.A. In ACCA examiner wants good students to pass, not fail
There are many brain-washed PpL out there who would talk against ACCA no matter what fact you provide them with
