AAT,CIMA,CIPFA,IFA,CA,CPA

CA or ACCA

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Siraj - 24 Dec 2005, 06:22 pm

ACCA is getting good repute in Pakistan specially in English Newspaper there is a increasing trend for ACCA qualified members.And there is charm of foreign education in its own.
But CA is regarded as more superior because its native and they regard ACCA as little inferior.
And i am confused about the selection between them.Because both are accountancy related degrees but still they have difference in my country.
I just want to hear comments from this forum members so that it could help me in right selection.
I am thanking to all participants in advance.
Thank You.

Nisar - 25 Dec 2005, 08:29 am

In your post you have written you are confused.But basis of your confusion is absent.
Why are you confuse ?
Simply because there are two different names of same degree ?
Please try to clarify your point of confusion.

Siraj - 26 Dec 2005, 04:19 am

I am confused about my future career.Because both are controlled by totally different bodies.Specially what will be the future demand when i will any of these degrees.And which is more knowledge oriented.
To be very simple my confusions are very simple which any student faces during the stage of studentship when he/she has no idea of inside market etc.
Hope you will give me some helpful hints.
Thank You.

Nisar - 28 Dec 2005, 07:46 am

Hmm i understand what you mean.
There are very few differences technically between CA and ACCA.
Some of these are COURSE WORK SYLLABUS and others are SOCIAL(at least i call it).
=====
Syllabus:
=====
You have to study courses which have become part and parcel of pakistani education culture that is ENGLISH , now the subject has name Functional English.
And other difference is of MERCANTILE LAW which is not taugh in ACCA.
And one additional subject you have to study in CA is SECRETARIAL PRACTICES which is not taught in ACCA.
TAXATION will be altogether related to Paksitani System.
=====
SOCIAL
=====
ACCA is costly.
ACCA is having clear standards of exam paper setup and marking.
ACCA has international lookup.
Even ACCA is planning to introduce pakistani stream.
CA is alleged of pre plan passing rate.
CA requires 4 years of articleship/internship than 3 years of ACCA.
ICAP doesn't possess standards clarity.
CA is recognized more powerful in pakistan because of its old influence.
CA is considered to be tough (just hypothesis)

These are my observations.If you need any specific help then post later.
Thank You.

Mohsin_Ali - 30 Dec 2005, 05:18 am

Siraj brother.
ACCA is far good than CA because ICAP has not having good repute for their exam management system.They are simply sick about passing studetns.As Nisar told they are having pre planned quota of pass rate.
So don't go with CA.

mohsin - 30 Dec 2005, 04:14 pm

Mr Siraj
I suggest u to join ACCA because of the following reasons.(with comparision of CA)

-ACCA has defined criteria ICAP has no criteria
-If u flunked in 2 papers out of 4(Max attempt) ur 2 papers r considered passed while in CA if u flunked in any paper then u have to give total module again & just bcoz of this reason i saw alot of students switched to ACCA or CIMA from CA
-ACCA has International Market.
-if u start ACCA today u can complete 14 papers in Min 4 Attempts(4*4) means 2 year & than u can get exemption of 1st 4 module(A,B,C & D) from ICAP means 2 years Exemption means u can continue CA after ACCA & u can hold 2 qualification in Equal Time Period .
-many other points mentioned by NASIR

Regards,
Mohsin

Siraj - 01 Jan 2006, 07:54 am

I have heard about strict rules and regulations of ICAP than ACCA.But i want to know which is more valuable to me.And what will be their demand tomorrow.

myACCA - 01 Jan 2006, 08:32 am

I am not quite sure but i think i have read in ACCA newsletter that ACCA is going to introduce pakistan stream.If its true then no other degree can compete with ACCA in south asia.

shahid_fss - 13 Jan 2006, 02:48 pm

You should take Moshsin's advice

I also selected ACCA because you can do ACCA in less time then 4modules of CA and then you can continue CA as well if you want. CA's articles will also serve as ACCA's practice. Two qualifications in time of one.

saher - 14 Jan 2006, 02:49 am

so can v conclude here tht acca is also a renowned degree n it can get job oppurtunity it isnot wastage of time

Mariam - 14 Jan 2006, 07:36 am

QUOTE:
so can v conclude here tht acca is also a renowned degree n it can get job oppurtunity it isnot wastage of time

Yes without 0.001% doubt in mind.

akhtar - 06 Feb 2006, 11:56 pm

May be all of you are jumping on conclusions to early-

Yes ACCA has international repute and has growing market share in pakistan but is in a way very less demanding in comparision with CA-

Ca's have better exposure to market and better training so they are well equiped with the market trends-

BTW i am ACCA affiliate-

(Just my 2 cents)

Nisar - 07 Feb 2006, 05:03 am

QUOTE:

...... and better training so they are well equiped with the market trends-

Would you like to explain how they have better training ? :roll:

akhtar - 07 Feb 2006, 05:48 am

[quote:bda4d266fd="Nisar"]

QUOTE:

...... and better training so they are well equiped with the market trends-

Would you like to explain how they have better training ? :roll:

Love to :P

Actualy the main draw back is that training in Ca firm is not necessary so many just get some internships and lose the benefit of getting good exposure-

I belive that the best way a chartered accountant can get equipped with market trends is ONLY by getting traninng in a good CA firm-

Rest is all rubbish ( In geoof bycott style :lol: )

Disclaimer-

1-I am ACCA affiliate
2-I did not completed my Ca articles and still resent it
3-i am comfortably placed in job market alhumdolilah
4-I am just giving a big picture- individual cases may differ

wasalam

Akhtar

ahmad_m83 - 05 Aug 2008, 06:13 am

Salaam All,

I am ACCA member, I have also done CA Intermediate but did only 2 year of Articleship from EY. I am currently doing CIMA.

Well I think currently in Pakistan, CA definately have an edge on ACCA :

"Benefits of CA"

- The CA course is more detailed and local industry oriented (Pakistan Company Law, Taxation)
- It has mandatory training requirement of 4 years, which really grooms you as a professional provided u have done it from the Big-3 firms (PwC, EY or KPMG). In this article the trainee gets the experience of approximately 30-50 different companies
- The course is tough the and has no standard answers or paper pattern but this really grindes the candidate and develop him as a true professional
- The articleship has be with a CA firm and pay-out of CA firm to trainees is very poor
- CA is cheaper as compared to ACCA

"Benefits of ACCA"
- ACCA is an international qualification & worldwide recognition
- ACCA is more structured and if you are serious in studies u can do it (same may not apply for CA)
- The articleship for CA has be with a CA firm and pay-out of CA firm to trainees is very poor. for ACCA training you can do job and pay-out will be better
- ACCA is given preference on CA in middle east and europe

I think now this needs to conclusion too. :o

I recommend do ACCA first and if u wanna remain in Pakistan join a CA firm (Big-3), the stipend will be much better over 10K and articleship period will be 3 years and you will have a base for paasing CA final examination. Thats the best route...

Thanks Alot,

Always available for further questions