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

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lostintransition
post Oct 12 2011, 11:57 PM

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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......


lostintransition
post Nov 5 2011, 08:42 PM

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QUOTE(Materazzi @ Oct 13 2011, 08:24 PM)
have u passed your ACCA yet?
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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....

 

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