Is it a good choice to study from CFAB -> ICAEW or i should study CAT -> ACCA?
ICAEW only provided in Sunway college.
who have interest to take these courses in sunway?

i think i am going to CAT course in sunway in March =)

Sunway is pushing CFAB strongly but it may not be the right choice. Do you know after studying for one year +, you have to begin working already? ACCA is already tough, and ICAEW is much tougher, are you ready to be bond to your training contract for FIVE years? If you fail midway you end up with NO qualification!

Working and studying is not easy, you have deadlines on both side, deadline to study for your exam as well as deadline for your job.

I would suggest to do CAT, then ACCA, and then continue with ICAEW (You get alot of exemptions with ACCA qualifications).

I had this dilemma earlier last year when I was split whether to take up ICAEW after CAT (could apply to certain firms), but eventually I decided against it.
http://forum.lowyat.net/index.php?showtopic=908974

Even doing CAT and then move on to ACCA, that would make you just 20 years old in your final year. Many students do not have the maturity to answers most of the question and when you are in the final stage, you can really abandon your textbook, it's all very practical, and ICAEW is much more practical in terms of the questions asked. Do you have the maturity?

This post has been edited by karhoe: Jan 16 2010, 03:36 PM

well, if you prefer to study a lot and learn from books only, CAT and ACCA would be good. Offers very good theory and technical knowledge.

if you prefer to learn from experience, then go for CFAB and ICAEW. and the full time learning, to be exact, is only 2 years and 3 months(inclusive of internship duration when doing CFAB) out of 5 years and 6 months course

I beg to differ, studying alot form books won't take you far in ACCA, maybe just the first few papers only. If you are really ambitious and committed, then by all means pursue CFAB and ICAEW, but let me remind you, life will be hell for the next few years. Just the other day, a friend of mine who is pursuing ICAEW called me to ask about some IT question, it was 12.30a.m. and she was still in the office, yet she's only 19.

I apologize for my misstatement then. Because that was the common perception I had. Thanks for clearing that up too.

But I agree with your last part, the one about life being hell, because it should be anticipated that entering ICAEW course is like "signing a willing-to-suffer contract".

Audit firms love to recruit young people too

1) Labour secured for the next 5 years - contract. We all know how high the labour turnover is in 5 years.
2) Young people, can handle more stress, hence can give more works
3) Cheap lo

I just signed the willing to suffer contract. no turning back now

Nice, which firm?

I mean I just enrolled to study CFAB. Signing in 1.5 years time

so you are studying in sunway now? jan intake?

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Added on January 18, 2010, 12:13 amso you mean ACCA wont suffer that much compared with ICAEW?
Is that true?

This post has been edited by god2077: Jan 18 2010, 12:13 AM

ACCA won't suffer so much because you are not working at the same time, unless you opt to.

But then, I spoke to my lecturer today who said that ICAEW students are given preferred treatment in some audit firm (which I won't name here obviously) like how they are given breaks and leaves without hesitation. So somehow ACCA affiliates do hate them a little

yea

start with a degree first =)

actually ACCA have degree also. now i know it.

eh, don't forget about your internship la.. and its 2.5 years time la, budak... XD.. clearly differentiate the internship and work-training, its important for you to make it clear la, before you are suddenly asked to choose and ATE/ATO


god2077, if in the future, you like want to work before really completing everything, the workload for ACCA is 100% whereas ICAEW is about 80% to 90%. These are the infos I got from lecturer la. So, it is sort of similar with what karhoe said just now. But of course, some firms might be impartial to any qualificaions.

dun worry. i plan to study ICAEW after ACCA, ICAEW is in more demand.

Guys,

is it possible if i want to pursue ICAEW overseas (including working there for the Authorized Training Employers) ?

I was looking for scholarship for this on the net, but couldn't seems to find any.

Eventhough I am eligible to take CFAB > ICAEW , but I decided not to for various reasons. Taking CFAB>ICAEW would be like removing one large part of your life, your college/university life, imagine working at such a young age, I know its good for your future, but you have your entire lifetime to work.

So, I may go for ICAEW only after ACCA, for me, having ACCA is already an accomplishment, its the work experience that counts

This post has been edited by DeVGF: May 24 2010, 09:37 PM

it depends on what you want in life..

This post has been edited by yvainedawn: May 26 2010, 12:06 PM

Both are also Financial accounting professional qualifications.

Just that taking ACA / ICAEW is harder but the qualification is more recognised and prestigious.

But from what I researched on the internet, other countries regard ACCA and ACA/ICAEW as equivalent qualifcations, no difference, but in Malaysia, its a different case.

This post has been edited by DeVGF: May 30 2010, 11:58 PM

So do you think the ACCA candidates have time to go work part time or in another word internship when sem break? or during free days? Because this might help them answering the last few papers which require practical experience.

No person in his right frame of mind, after completing ACCA, will take ICAEW. Both are Chartered status though some employers do rate ICAEW higher. There is no dispute that ICAEW is more challenging and self satisfying. It's better to do a good MBA after ACCA.

This post has been edited by cckkpr: Feb 7 2012, 11:56 AM

Then how am I supposed to ace the practical exams?

Ya, I know it is paper based but requires practical experience to answer well what. So how am I gonna prepare myself for it. Just study hard on books?

I think you are overestimating these exams. Did you know that there are so many fresh graduates who not only pass, but score very well in these exams? So why can't you? Just practice the past year papers and you will know.

err say someone has ICAEW but no bachelors degree, can he use it to go for Master in accounting?

Yes, without a doubt.

so is it that the scope and difficulty of any degree are inferior to those of ACCA etc?

in terms of content are there any subjects vital to accouting covered in a degree but not in acca or icaew?
coz in an accounting and finance degree there are some finance subjects

For SPM students out there, those that still don't know what to do next after SPM or those that want to go for accountancy/business/finance qualification, maybe can consider to attend this event to find out more about CFAB/ICAEW. CFAB is the entry route for SPM leavers to the prestigious ICAEW qualification http://icaew.com You can also find out more information at http://sunway.edu.my/college/icaew/cfab

Below are the details:

CFAB Exchange 2012
Date : 7th July 2012 (Saturday)
Venue : MPH Hall, Sunway University
Activities : Business Game, Speeches, Sharing of Experiences, Lucky Draw and etc.

Form 5 students ! You can register at http://cfabexchange.eventbrite.com/ ! You might just be the lucky one to walk away with a brand new iPad !

Good luck, all the best for upcoming exams ! Cheers

if got sponsorship from khazanah for ICAEW course in UK what are the pros and cons?

though one has to work at the same time for accounting firm but salary is less than 20k pounds a year..

You are sponsored; why bother with the salary. Focus on the studies. It's a tough ride.