ACCA - pls does more effort
Mar 30th 2009, 12:37 am
#31
Forum Regular
Joined: Mar 2009
Location: London
Posts: 100
Re: ACCA - pls does more effort
Before I came to OZ, I thought ACCA is an international qualification and it will be recognized by Australian employers even it does not have mutual recognition agreement with Australian CA/CPA. The fact is that the most employers here only recognise their local qualifications, and furthermore they also emphasis Australian experience essential! I am really tired of this, hope ACCA can do more effort to let us have an easy way to get one of the local qualifications.
The point I want to make is I already have my mind made up that I would have to get either CPA/ICAA when I get to Australia cuz local qualifications are always worth more than foreign ones... Even though ACCA being an international qualification.... I know that I need to make an effort to make the recruiters happy...
May 8th 2009, 8:09 pm
#32
Just Joined
Joined: May 2009
Posts: 4
Re: ACCA - pls does more effort
All in all listening (viewing) all the arguments i think one thing needs to be considered. No matter what qualification is under fire it should not be taken away from that person who has worked hard and took the time out to study for that qualification. There are not many other professions where we are given the ability/privilege to certify photos.
I do not think it is right that people say that some are better than others. At the end of the day accountants all over the world get enough flack (through trying to tax dodge or finance scandals) without the necessity to have a go at each other. This is especially true with the credit crunch in full flow.
Each and everyone of the qualifications has its benefits and disadvantages, we cant all be perfect. Everyone has their own perceptions of the qualifications like we have the same on people and places.
Hope my rants make sense to people.
By the way im qualifying to be an accountant (not saying which one tho!)
I do not think it is right that people say that some are better than others. At the end of the day accountants all over the world get enough flack (through trying to tax dodge or finance scandals) without the necessity to have a go at each other. This is especially true with the credit crunch in full flow.
Each and everyone of the qualifications has its benefits and disadvantages, we cant all be perfect. Everyone has their own perceptions of the qualifications like we have the same on people and places.
Hope my rants make sense to people.
By the way im qualifying to be an accountant (not saying which one tho!)
May 9th 2009, 7:09 am
#33
Lost in BE Cyberspace
Joined: Feb 2009
Location: UK
Posts: 14,284
Re: ACCA - pls does more effort
May 10th 2009, 3:28 am
#34
Has left the building
Joined: Mar 2007
Posts: 4,079
Re: ACCA - pls does more effort
- The market determines value
- Individuals seek a benchmark for self determined goals and aspirations.
- Not all qualifications are created or gained with equal effort or skills gained.
May 10th 2009, 5:04 am
#35
You will be mine in Hell.
Joined: Sep 2005
Posts: 115
Re: ACCA - pls does more effort
Well, then let me point this out to you. The US CPA exams just require 4 papers to be completed on top of a bachelor's degree, in some states, you don't even need a bachlor's degree but can get in with a diploma. And US CPA compared to ACCA is just like nursery standards. The US CPA has mutual recognition with Oz CA so that anyone who is a US CPA gains entry into Oz CA by just completing the law and tax papers whereas an ACCA have to do the entire CA course plus gain 3 years of mentor experieince. Now why is that so? Such being the case, your statement above does not hold any water at all.
May 10th 2009, 3:54 pm
#36
Just Joined
Joined: May 2009
Posts: 4
Re: ACCA - pls does more effort
I just dont want to seem biased against any type of qualification. Thanks anyways!! I think im gonna need it!
May 11th 2009, 8:26 am
#37
Has left the building
Joined: Mar 2007
Posts: 4,079
Re: ACCA - pls does more effort
Well, then let me point this out to you. The US CPA exams just require 4 papers to be completed on top of a bachelor's degree, in some states, you don't even need a bachlor's degree but can get in with a diploma. And US CPA compared to ACCA is just like nursery standards. The US CPA has mutual recognition with Oz CA so that anyone who is a US CPA gains entry into Oz CA by just completing the law and tax papers whereas an ACCA have to do the entire CA course plus gain 3 years of mentor experieince. Now why is that so? Such being the case, your statement above does not hold any water at all.
May 11th 2009, 12:23 pm
#38
You will be mine in Hell.
Joined: Sep 2005
Posts: 115
Re: ACCA - pls does more effort
More than 50%. Many of them advised me against taking all 4 papers at one go and stated that the exams were very difficult, AICPA and many professors themselves advised taking one at a time over a 3 months period etc and I passed them in just 1 sitting after studying for just about a year. In fact, I could have taken the 4 papers in just 6 months, that was my original plan but I delayed for about a year because of some personal problems that I was having. Compare this with ACCA where the average pass rates during my time were anywhere between 20% and 25%, some papers might have pass rates even lower than these, in the case of the insolvency paper, pass rate was about <10%, no kidding. In the case of ACCA, I know of several people who gave up after trying for so many years, in the case of the CPA, all the people I know who took it end up passing. That tells something, doesn't it?
May 11th 2009, 10:19 pm
#39
Forum Regular
Joined: Mar 2009
Location: London
Posts: 100
Re: ACCA - pls does more effort
More than 50%. Many of them advised me against taking all 4 papers at one go and stated that the exams were very difficult, AICPA and many professors themselves advised taking one at a time over a 3 months period etc and I passed them in just 1 sitting after studying for just about a year. In fact, I could have taken the 4 papers in just 6 months, that was my original plan but I delayed for about a year because of some personal problems that I was having. Compare this with ACCA where the average pass rates during my time were anywhere between 20% and 25%, some papers might have pass rates even lower than these, in the case of the insolvency paper, pass rate was about <10%, no kidding. In the case of ACCA, I know of several people who gave up after trying for so many years, in the case of the CPA, all the people I know who took it end up passing. That tells something, doesn't it?
Still to tell the truth I have set my goals on CFA as there are way too many people taking on ACCA and many of them will eventually pass. ACCA's marketing policies as trying to make itself globally recognized, has unfortunately devalued the qualification. But then again many people would say that having an ACCA and good experience will make you stand out from the rest of the graduates with no or little experience.
At the moment, as I mentioned I am studying level 1 of CFA (finding it alot more interesting) while still being sceptical about what future lies with the qualifications I have.
May 16th 2009, 8:51 pm
#40
Retired
Joined: Apr 2004
Posts: 34,649
Re: ACCA - pls does more effort
Somewhat less than 50%
http://www.cpa-exam.org/download/PassRates09Q1.pdf
And you have to pass the education requirements before being allowed to sit the exam, these education requirements are stricter (in almost all states) than those operated by ACCA.
http://www.cpa-exam.org/download/PassRates09Q1.pdf
And you have to pass the education requirements before being allowed to sit the exam, these education requirements are stricter (in almost all states) than those operated by ACCA.
