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 Why CPA (Aust) exam is so easy & low standard?

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ThanatosSwiftfire
post May 9 2010, 05:19 PM

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Honestly, if any of you is right, what effect does it have? Muru are you still paying your CPA membership fees? No matter who wins there's no actual 'result' or 'output', just some ego boost, so just forget about this matter, and go back to work tongue.gif
ThanatosSwiftfire
post May 11 2010, 04:05 PM

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QUOTE(Murusundram @ May 11 2010, 03:10 PM)
So now, you agree & realise that the CPA Aus qualification is worthless & rubbish and now you propose for it to be de-recognised.
Do you know that if it's being de-recognised, many CPA Aus students/accountants will suffer? 

Antaeusguy has made a very solid point & you should take note of it as well:
"CPA is as common as a Bach Degree nowadays due to commercialization....most Aust grad in Finance & Accounting field has one"   

You should also take note of the comment posted by Grimm & the past experience of Selecao is not an isolated case, many CPA Aus students/members have similar experience. These are indications that CPA Aus qualification is nothing more than just a piece of blank paper.
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What are you trying to prove? What is YOUR point? And let's say if YOU are RIGHT, then what?

So CPA is a piece of sh!t (hypothetically speaking, for the purposes of this argument), so? What are YOU going to do? What do you think ANYONE should do?

Then seantang says, if it sucks and you're unhappy, lobby to derecognize it. Then you come up with the above phrase? What the heck?!

Make up your mind, bean counter.
ThanatosSwiftfire
post May 11 2010, 09:00 PM

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QUOTE(kenkencafe @ May 11 2010, 08:03 PM)
Lol.. i planning to do CPA in this coming june 1... read ur post really scared me off... so wat's d conclusion?? Is CPA good?? As wat I know, Big4 in malaysia did recognize CPA... cuz most of my frens doing it now while working with Big4... and CPA is recognized by MIA (Msia institut of Accountant) to be a Charted Accountant in msia...

But the standard of CPA and ACCA... i think ACCA harder and more reputable ler...

So Selecao, may b u can try to apply big4 here?? and mind to share what u currently working as in malaysia??
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Out of so many qualifications you had to pick these 2 -___-

Be more ambitious. Take ICAEW or ICAA. Or US CPA =D
ThanatosSwiftfire
post May 13 2010, 01:16 PM

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This thread is funny.
ThanatosSwiftfire
post May 13 2010, 10:41 PM

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QUOTE(Sesshoumaru @ May 13 2010, 10:22 PM)
Whoever said accountants were square? We have name-calling ones in here!!! How very sociable.
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Hey, wasn't name calling and making things into alphabet soups part of our skillset in the first place?
ThanatosSwiftfire
post May 13 2010, 11:00 PM

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QUOTE(Kaerna @ May 13 2010, 10:45 PM)
I worked with colleagues with all kinds of qualification and it is safe to say that their qualification do not reflect their quality of work.

Dunno about accountants but auditor's are definetely NOT square. Heck, they're probably the most creative bunch of people you'll ever meet.
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Are you REALLY, REALLY SURE about that? I don't find my colleagues being very creative! tongue.gif
ThanatosSwiftfire
post May 15 2010, 11:19 PM

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QUOTE(Kaerna @ May 15 2010, 09:45 PM)
Creative in the sense of finding something to cari pasal with client  rclxms.gif
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Nah, that doesn't require creativity. You just thave to be difficult tongue.gif
ThanatosSwiftfire
post Oct 7 2010, 06:14 PM

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QUOTE(kevin23 @ Oct 6 2010, 08:10 PM)
CPA is rubbish.

Dont waste ur time n $$ getting your CPA.I see so much advertisement for this CPA everywhere.

You want the real thing,get ACCA.
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ACCA is equally as commercialized.
ThanatosSwiftfire
post Oct 7 2010, 08:37 PM

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@whiteknight

I think generally, this matter is one that should be taken in CPA's internal forums and member discussions, and having a discussion on it in LYN openly almost seems defamatory to CPA, and doesn't lead anywhere near to a beneficial result. Whilst none of us have any opposition to anyone talking bad about CPA in private, I'm of the opinion that talking about this publicly is just shooting yourself in the foot. There indeed, as seantang said, better avenues to articulate your dissatisfaction with CPA, or ACCA or whichever professional body you are affiliated to.

Ultimately as a member, you remaining as a member is a form of voting in favor of it's existence, and if you really hate your CPA membership so much, just renounce it and stop paying your annual fees. Shouldn't do you any harm since you perceive it as worthless anyhow.

So ask yourself, what is it that you are trying to prove? What do you get? If it's just some ego boost to yourself claiming to be superior because you completed CPA with your eyes closed, I completed ACCA 2 1/2 years with minimal studying and managed to score highest worldwide along the way, so honestly, I can say ACCA is easy too. But I won't because I know it proves NOTHING.

This discussion, should've ended a long time ago. This is just people touting their 'greatness' and bringing down others for some e-peens glory.
ThanatosSwiftfire
post Oct 8 2010, 08:26 AM

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QUOTE(Def @ Oct 8 2010, 07:36 AM)
You must be damn intelligent since you completed the ACCA in 2 1/2 years. And you say it's easy? Then you shld also be able to complete ICAEW, MICPA or even the top Chartered body in the world, ICA Scotland in within the same time frame. Have you done so? Try out MICPA. Fyi, the syllabus & difficulty level of ACCA, ICAEW, MICPA or ICA Scotland are the same. Look at their past exam papers, you will know. Also fyi, now most of the Big 4 in UK require the candidates to sit for ACCA or ICA Scotland instead of ICAEW. However some of them are a bit flexible, candidates can sit either ICAEW, ICA Scot or ACCA. 
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Professional qualifications is just a piece of paper to get your foot through the door. Having more than 1, is inherently duplication and if we analyse the cost versus the incremental value gained from having a second professional qualification in the same discipline will indicate that it is not worth the effort . It's something we get just to get over with it.

I'd rather spend my time on an economics degree from a reputable uni, MBA or a law degree.
ThanatosSwiftfire
post Oct 8 2010, 11:59 PM

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QUOTE(Starbucki @ Oct 8 2010, 09:26 PM)
Exactly my point. I did not claim anything other than giving my opinion and hence have no reason to quote sources. You finally understood. I'm happy for you.
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Erm, I think seantang was asking white knight to quote his sources, not u XD
ThanatosSwiftfire
post Oct 12 2010, 04:32 PM

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QUOTE(keelim @ Oct 12 2010, 04:29 PM)
That will lead to another thread "Why ACCA is below par compared to CA?" and some members proposing (The CAs of course) to remove ACCA as part of the consideration to be a member of MIA.
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In the end no one is qualified to be an accountant.
ThanatosSwiftfire
post Oct 14 2010, 06:45 PM

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I've done a bit of research, it's rather bare minimal and not complete because how time consuming it is, but it should be enough to tell u that we don't need professional qualifications to be CFOs


Attached File(s)
Attached File  Fortune_global_100___CFOCEO_representation.zip ( 32.34k ) Number of downloads: 115
ThanatosSwiftfire
post Oct 15 2010, 12:24 PM

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QUOTE(Materazzi @ Oct 15 2010, 11:39 AM)
So are most CFOs from big 4?
That is in the US but in UK, the data showed 55 of FD of FTSE100 from ICAEW,9 from CIMA, 6 from ICAS, 5 from ACCA, 5 from SAICA. 80% of FDs hold professional qualifications. And they don't have MBA!!
In OZ,70-90% of FDs of ASX hold CA or CPA.
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Link please?
ThanatosSwiftfire
post Oct 15 2010, 02:04 PM

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QUOTE(Materazzi @ Oct 15 2010, 01:51 PM)
No need link to prove that. Everyone knows about it.
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You're committing a logical fallacy :
16. APPEAL TO THE CROWD: (ad populum or playing to the gallery) refers to popular opinion or majority sentiment in order to provide support for a claim. Often the "common man" or "common sense" provides the basis for the claim.

As an auditor, I will need a source document, otherwise your claim cannot be corroborated. Since you can cite numbers, I'm sure you got your data from somewhere, so all I need, is that "somewhere"
ThanatosSwiftfire
post Oct 15 2010, 02:21 PM

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QUOTE(Materazzi @ Oct 15 2010, 02:11 PM)
The point is what I can get if I'm giving you a source?
Many people seem ignorance, sometimes you have to believe without seeing the source, it is the name of faith. They need facts, if warren buffett needs facts then he will not become rich. Because of that, many auditors are not rich??

This one is the source: http://www.accountancymagazine.com/Accy_Ma...ay%20survey.pdf

Can you say that I'm committing a logical fallacy?
Whether I provide a link for source or not I'm still correct right?
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At least you're not drawing figures out of the sky, that's all I'm asking for. And until you prove that you're not drawing figures out of the sky, you're still committing a logical fallacy by claiming that it is 'common' knowledge. Just saying everyone knows it, is equivalent to me saying every 1/5 malaysian is chinese, but would you know until you did a census or some form of sampling?

And the argument on the need for 'facts' would make me not rich, is irrelevant. We're having a discussion, and therefore we should support our claims. If you don't support your claims, what you're giving is just lousy hearsay.

Anyway, thanks for the link. It's good to know that not everyone's pulling numbers from their pockets. There's a saying that 9/10 statistics are made up on the spot.


ThanatosSwiftfire
post Oct 15 2010, 06:04 PM

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QUOTE(Materazzi @ Oct 15 2010, 05:53 PM)
Got 3 CIMAs in the top 10. 
Maybe this is because of their strategic thinking and their long term perspective.
Should we take CIMA?  laugh.gif  laugh.gif
1. Royal Bank of Scotland Group - Guy Whittaker (829k)
University of West Georgia (MBA)

3. BP - Byron Grote (804k)
Cornell University (PhD)

5. Rio Tinto - Guy Elliott (743k)
INSEAD (MBA)
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Hahaha yeah I think I should go and take CIMA
ThanatosSwiftfire
post Oct 15 2010, 06:11 PM

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QUOTE(Materazzi @ Oct 15 2010, 06:08 PM)
I thought you have already took ACCA.
do you have malaysia's FDs salary survey?
In malaysian business magazine I thought have the list of the CFOs.
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@work didn't go and look for it yet, maybe over the weekends I'll hunt for it lol.
ThanatosSwiftfire
post Oct 16 2010, 05:13 PM

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QUOTE(Materazzi @ Oct 16 2010, 03:11 PM)
so what professional qualification are you holding?
No, they don't know IAS 1-41, it is not important for them, it is just for their middle men to work on it haha..

On average, CIMA members’ annual basic salary is RM123,500.
The average bonus is RM12,600 across all respondents.
The total average package received is RM136,100.

http://www.cimaglobal.com/Documents/Jobs-d...ia_18.08.09.pdf

Is it a low salary or not?


Added on October 16, 2010, 3:49 pm

your data is not complete ah. even in US co got CIMA qualified holder.
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Hahaha, did say it isn't complete. Lotta work to pull out their biographies.. and even then we don't know what they don't disclose.
ThanatosSwiftfire
post Nov 14 2010, 03:39 PM

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Can we let this go already?

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