Maybe she's not an ACCA grad as what she claimed....bluffed her way thru the interview process. The company did the right thing, fired her.

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Added on December 31, 2010, 5:09 pmYou must know the difference between the 2 aust qualifications: CPA (Aus) and ICAA.

CPA (Aus)
- It's grad are called Certified Practising Accountant and NOT Chartered Accountant as what you claimed
- Exam is MCQ based and extremely easy to pass. Even a non accounting grad or a person without any accounting/finance knowledge can pass it easily.
- Very commercialised and anyone who's interested can become member easily.
- NO NEED to be full time employed whether in Aust or M'sia.
- NOT recognised by the Big 4/MNCs/listed companies or even small companies in Aust.
- In Aust, CPA grad only allowed to hold those low ranking position such as bookeeper or accounts clerk.
- However in M'sia, it's still recognised by MIA but based on past trends, most employers in M'sia have already ignored CPA (Aus) qualification.
- CPA (Aus) grad are known for their incompetencies, lack of knowledge & skills, technically weak and don't even know the basic simple accounting stuff.
- It's qualification is inferior and a laughing stock in the job market.
- salary is limited & not able to command higher pay.

ICAA
- It's grad are called Chartered Accountant and highly prestigous.
- Exam is extremely difficult and set at a very high standard.
- Very focused and produce all rounder accountants who're highly competent, skillful & knowledgeable. NOT easy to become an ICAA member.
- MUST be employed full time whether in Aust or Msia.
- Highly recognised internationally by the Big 4/MNCs/listed companies.
- Most of the high or senior ranking officers in the aust companies are member of ICAA.
- ICAA grad are highly demanded by the employers in Msia as they're in equal standard with ICAEW/ACCA.
- ICAA grad are known internationally for their superiority in terms of competencies, skills, knowledge, technical and expertise.
- It's qualification is superior and highly respected in the job market.
- Can command 6 figures annual salary whether in Msia or Aust.



This post has been edited by White Knight: Dec 31 2010, 05:09 PM

Seem like you cudn't accept such a fact. But, she indeed is an ACCA grad. Don't take everything for granted.

Whatever professional courses he/she takes will be meaningless if he/she doesn't possess the skill and knowledge to his/her profession.

Well, ok...she's indeed an ACCA grad. Then she doesn't deserve to be given membership in the future if she doesn't take the initiative to improve herself. As I said the company did the right thing, fired her.

Hi, i am new here. Can anyone share their view on the NZICA member recognition in Malaysia?

Thanks

NZICA is recognised by MIA as equivalent to ICAA, CICA & other UK chartered bodies.

Actually, the premier accountancy qualification in Australia is CAA (Institute of Chartered Accountants, Australia) (#1 in numbers). This is why CPA is degraded. Second, honestly, I feel like that ACCA is much more better and far competitive course than CPA.

The superiority & high quality of an exam body is measured by the bodies having been granted the Royal Charter or have the exclusive right to use the 'Public' designatory letter and their exams are based on case studies that reflects the real life scenarios.

Under the MIA recognition list, CPA (Aus) is the only body that has NO Royal Charter and has NO rights to use the 'Public' designation and its exam is purely based on the straight forward MCQs. Easy MCQs...is it what we call a professional exam?

No doubt for years, CPA (Aus) is always considered as inferior and low standard.

Well.... truth be told....

I am an Australian graduate with B.Com (Acctg & Finance) but do not opt to do CPA Australia. Instead, I did the ACCA. Let me tell you this..... something from my experience....

ACCA is quite a tough nut to crack, especially P2 and P4 ~ which is widely recognised as one of the toughest papers amongst all the UK accounting professional bodies. It even topped the toughness threshold for ICAEW.

Having graduated from a 2nd tier university, i actually got hammered throughout the final 5 papers for ACCA, especially for Paper P2.

[2nd tier university is a better way of labeling those mickey mouse, money wasting, time wasting university which is more interested in making money, printing degrees than imparting quality education ----------example; .......for final year Advanced Financial Accounting paper..... there are 3 chapters on Accounting AND CULTURE.....Accounting AND Gender...... Accounting and Nationality / Politics .....and the syallabus scantly mention consolidation and deferred tax.......and mind you it is a final year Advanced Accounting Paper........Lesson to impart here ---------> Be careful when enrolling in Australian Universities.... some of them is just a front for selling PRs to HongKies .........some of the campuses is full of asean until you felt you are like in Asia instead of Australia.......and the lecturers actually speak English in a heavy asean dialect.......]


Back to the topic, doing ACCA it is worth all the sacrifice....... because for me, ACCA delivers a rock solid knowledge base that is extremely relevant to my work..... and i actually suffer during the first few years of my career due to graduating from a dumb ass university.......For this, I am proud for not choosing the easier path of doing CPA.

You can ask any CPA to do P2 and P4 and i bet they will find it extremely challenging......

not to deny, ACCA, ICAEW, NZICA, ICAA..etc are prestigious accounting qualification. they are hard to get.

however, my personal opinion is that MIA has not done much to grant that kind of prestigious status to them. the accounting industry in malaysia has not been properly regulated, I have came across many (quite a number of my friends) non-accounting graduates (bus admin degree, econonomics degree) and non professional members employed as finance managers or even senior finance managers by established public listed companies. I have also came across also that accounting diploma holders were taken in as a Finance Directors. all these are like non legal graduates working as a legal managers or senior legal managers or non medical graduates working as doctors.

have u passed your ACCA yet?

ACCA is a done deal.... now , looking to do CIMA (UK)....via the CGA pathway....CIMA is offering exemptions for ACCA students.....

Well... normally, people from audit practice jump to commercial... they will start off doing financial accounting....after a while,... they will dive into management accounting..... and there is where CIMA comes in handy....honestly, it is the management accounting component that drives the financial statements.... and finance managers normally have very strong management accounting background....

^

Good luck, I am doing CIMA now. Maybe I was hired as management accountant cum controller since the manager know that I will be taking CIMA. CIMA is very very hard. All questions are compulsory.

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Added on November 7, 2011, 12:45 amBtw, will you do self study or tuition? Let you try CIMA to know what is HARD or not. In ACCA, you can choose the questions.

This post has been edited by Materazzi: Nov 7 2011, 12:45 AM

Hope for the best in your CIMA exam. Btw, all UK chartered exams are equivalent.

CPA Australia continues relationship with CIMA

This agreement, first established in January 2009, allows qualified members of both CPA Australia and CIMA to gain reciprocal membership...........................The agreement, which takes effect in November 2012, is for another four-year term and details how members can gain reciprocal membership with each organisation. .......................

My Webpage


Many say CPA is inferior and easy to pass, but yet its can gain reciprocal membership with CIMA, can i assume that both CIMA and CPA is inferior and low quality?

And CPA is not all MCQ,I knew this because my friend is taking CPA.

This post has been edited by ulai: Jul 7 2013, 10:46 PM

before saying CPA is easy, try to look at their module... it is not 100% MCQ... even it is MCQ, u can't get thru easily too...

based on latest 2013 Sem1 Exam Report, every paper with at around 40%+/- failing rate

don't just flame something which is not realistic and mislead ppl... such as CPA holder does not recognise by Big 4 company... saying this won't make you look brilliant and smart in anyway ... cheers

This post has been edited by geek8585: Jul 8 2013, 11:04 PM

hmmm... in order to get promoted in bog 4s is it a must to have pro papers qualifications??

This thread is 2-3yrs ago. Alot of things had changed since then?

hmm.. maybe... i admit i did not pay attention to the date of thread

not a must but is better to have one...

like it or not, whether u r an ACCA fans or CPA fans, whether CPA AUS is low or high standard....the fact is...."BOTH ARE PROFFESIONAL BODIES". Both achieve the ISO:9001 standard of quality programs. In certain level i might still hav to admit that ACCA has a slightly brighter key than CPA Aus, if tats the case, for those CPA Aus'ian, dont feel bad, as i suggest u can proceed for an MBA to boost up comparative image. Once u manage to get another MBA (which broaden your horizons beyond finance & accounting) + CPA Aus, i believe u can easily snatch the key off ACCA haha. '
(Critiria: that will be an advantage for those who wish to enter to big commercial industry rather than audit firm will earn a "double wins" with this booster recipe)

This post has been edited by DAVID COPPERFIELD: May 1 2015, 11:56 PM