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 CAT,CPA,ACCA, ICAEW, CFAB, wat is it all about?

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icycokes
post Jan 21 2011, 07:14 PM

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first thing first.

if you wanna go in local U accountancy from form 6, you need to be very very very very good to secure a place in local U. unless you are talking about those newly established schools.

apply matriks and go for it if you get it. this is the best way. form 6 is good, but matriks will edge over because it has a relatively easier assessment.

next, regarding to which pathway to choose, this is my perception.

no degree --> no master --> no PhD (HAHAHA) --> hard to climb corporate ladder --> stucked --> eventually lose out to younger counterparts.

yes i am generalizing here.

ACCA is indeed good. but i think since a degree is so common now and important as a stepping stone for higher level education, anyone who has a chance should not simply skip it.

i see some mentioning OBU here. seriously i do not think it is on par with a proper degree. employers will know it. its just a title.

good luck.
TSJason3399
post Jan 21 2011, 07:22 PM

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QUOTE(Neptern @ Jan 21 2011, 06:36 PM)
I'm not to sure about ICAEW but ACCA yes you can go into finance with no problems.

Though i still recommend you take ACCA first though(you may say i'm bias cuz i'm studying it right now) and take ICAEW later.Do remember Datuk Tony Fernandes also came from ACCA so i guess it is all good biggrin.gif
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But ICAEW is more prestigious unsure.gif And the duration to complete it is almost the same as ACCA..
White Knight
post Jan 21 2011, 09:45 PM

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QUOTE(Neptern @ Jan 21 2011, 06:36 PM)
I'm not to sure about ICAEW but ACCA yes you can go into finance with no problems.

Though i still recommend you take ACCA first though(you may say i'm bias cuz i'm studying it right now) and take ICAEW later.Do remember Datuk Tony Fernandes also came from ACCA so i guess it is all good biggrin.gif
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The Chairmans/CEOs of TNB, Telekom, Maybank are ACCA.


Added on January 21, 2011, 10:14 pm
QUOTE(Jason3399 @ Jan 21 2011, 07:22 PM)
But ICAEW is more prestigious unsure.gif  And the duration to complete it is almost the same as ACCA..
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Generally by looking from a 'helicopter' view, both ICAEW & ACCA are equally good. Many people say ICAEW is more prestigious is becoz they're much older. If you're concern about prestige, then take ICA Scotland because they're the oldest chartered accounting body in the world. Just look at local uni, many people say UM is the best mainly becoz they're the oldest but in reality this is not the case, it all depends on the individual courses offered. In the world universities ranking, both UKM & USM rank higher than UM.

If you have made up your mind to do ICAEW, then go for ICAEW. If you have made up your mind to do ACCA, then go for ACCA. If you're still in dilemma like what you're now, I m sure in the next 10 years you're still undecided which one to choose. Why I say this is 'a person knows what is the best for himself/herself'. I chosed ICAA bcoz I know what is the best for me in my circumstances couple of years ago.

Just to let u know, ACCA with 5 years PQE can become member of ICAEW without having to sit for any exams.
ICAEW members regardless of how many years experience have to sit for the final 5 papers if they want to become ACCA member.




This post has been edited by White Knight: Jan 21 2011, 10:14 PM
Neptern
post Jan 21 2011, 10:58 PM

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QUOTE
Generally by looking from a 'helicopter' view, both ICAEW & ACCA are equally good. Many people say ICAEW is more prestigious is becoz they're much older. If you're concern about prestige, then take ICA Scotland because they're the oldest chartered accounting body in the world. Just look at local uni, many people say UM is the best mainly becoz they're the oldest but in reality this is not the case, it all depends on the individual courses offered. In the world universities ranking, both UKM & USM rank higher than UM.

If you have made up your mind to do ICAEW, then go for ICAEW. If you have made up your mind to do ACCA, then go for ACCA. If you're still in dilemma like what you're now, I m sure in the next 10 years you're still undecided which one to choose. Why I say this is 'a person knows what is the best for himself/herself'. I chosed ICAA bcoz I know what is the best for me in my circumstances couple of years ago.

Just to let u know, ACCA with 5 years PQE can become member of ICAEW without having to sit for any exams.
ICAEW members regardless of how many years experience have to sit for the final 5 papers if they want to become ACCA member.


PQE?

Yea i generally agree with you.Whether it is ACCA or ICAEW it is all good.I thought ICAEW need company sponsor only can study or just go register at sunway also can?

Knight_2008
post Jan 21 2011, 11:10 PM

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QUOTE(Neptern @ Jan 21 2011, 10:58 PM)
PQE?

Yea i generally agree with you.Whether it is ACCA or ICAEW it is all good.I thought ICAEW need company sponsor only can study or just go register at sunway also can?
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don't worry..sunway will definitely be able to get you a firm to become your training sponsor.. the audit firm is damn in need of people smile.gif


Added on January 21, 2011, 11:11 pm
QUOTE(Neptern @ Jan 21 2011, 06:36 PM)
I'm not to sure about ICAEW but ACCA yes you can go into finance with no problems.

Though i still recommend you take ACCA first though(you may say i'm bias cuz i'm studying it right now) and take ICAEW later.Do remember Datuk Tony Fernandes also came from ACCA so i guess it is all good biggrin.gif
*
he's also ICAEW now smile.gif btw, he came from LSE

This post has been edited by Knight_2008: Jan 21 2011, 11:11 PM
TSJason3399
post Jan 22 2011, 12:34 AM

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whooaa.. Wat about CPA?
TendouSouji
post Jan 22 2011, 01:40 AM

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QUOTE(White Knight @ Jan 21 2011, 09:45 PM)
The Chairmans/CEOs of TNB, Telekom, Maybank are ACCA.


Added on January 21, 2011, 10:14 pm
Generally by looking from a 'helicopter' view, both ICAEW & ACCA are equally good. Many people say ICAEW is more prestigious is becoz they're much older. If you're concern about prestige, then take ICA Scotland because they're the oldest chartered accounting body in the world. Just look at local uni, many people say UM is the best mainly becoz they're the oldest but in reality this is not the case, it all depends on the individual courses offered. In the world universities ranking, both UKM & USM rank higher than UM. 

If you have made up your mind to do ICAEW, then go for ICAEW. If you have made up your mind to do ACCA, then go for ACCA. If you're still in dilemma like what you're now, I m sure in the next 10 years you're still undecided which one to choose. Why I say this is 'a person knows what is the best for himself/herself'. I chosed ICAA bcoz I know what is the best for me in my circumstances couple of years ago.

Just to let u know, ACCA with 5 years PQE can become member of ICAEW without having to sit for any exams.
ICAEW members regardless of how many years experience have to sit for the final 5 papers if they want to become ACCA member.
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Excuse me what's PQE? And can anyone tell me what's the path way to become an ICA scotland? Thanks a lot.

This post has been edited by TendouSouji: Jan 22 2011, 01:41 AM
White Knight
post Jan 23 2011, 10:03 PM

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QUOTE(TendouSouji @ Jan 22 2011, 01:40 AM)
Excuse me what's PQE? And can anyone tell me what's the path way to become an ICA scotland? Thanks a lot.
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PQE is post qualifying experience. ICA Scotland can only be done in Scotland. Meaning that exams, classes and practical experience all must be done in Scotland.


Irene Ng
post Jan 25 2011, 09:02 PM

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QUOTE(Knight_2008 @ Jan 13 2011, 12:52 AM)
35k in sunway inclusive of the obu degree fees..
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Are the lectures there professional in teaching?? What is obu degree??
Knight_2008
post Jan 25 2011, 09:07 PM

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QUOTE(Irene Ng @ Jan 25 2011, 09:02 PM)
Are the lectures there professional in teaching?? What is obu degree??
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yup smile.gif
Irene Ng
post Jan 25 2011, 09:22 PM

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QUOTE(Knight_2008 @ Jan 25 2011, 09:07 PM)
yup smile.gif
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Is that true that there isn't any loan provided to student who want to take professional course??
YH90
post Jan 25 2011, 09:43 PM

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The lecturers are 100% qualified but the quality of the teaching is another matter altogether. It all comes down to you whether you just want to pass or score the paper. The lecturer contributes only that much.

PTPTN is out of the question since it is not a degree or diploma program.
Irene Ng
post Jan 25 2011, 10:24 PM

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QUOTE(YH90 @ Jan 25 2011, 09:43 PM)
The lecturers are 100% qualified but the quality of the teaching is another matter altogether. It all comes down to you whether you just want to pass or score the paper. The lecturer contributes only that much.

PTPTN is out of the question since it is not  a degree or diploma program.
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OK, thank you for your information.
The fees of study ACCA in TARC of about RM22k and RM35k in Sunway college is including the exam fees??
YH90
post Jan 25 2011, 10:53 PM

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The 35k for Sunway is included everything.

For TARC I'm not so sure but note that you need to pay for the exemptions as well, should be around 400-500 pounds extra.
searcher1106
post Jan 25 2011, 11:54 PM

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QUOTE(Irene Ng @ Jan 25 2011, 10:24 PM)
OK, thank you for your information.
The fees of study ACCA in TARC of about RM22k and RM35k in Sunway college is including the exam fees??
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i'm tarcian..the total cost agak2 as follows:
Diploma-------------------------------------------------8,000
Advanced Diploma-------------------------------------7,000
(not inclusive of the acca exemption fees+exam fees)

ACCA exemption fees+exam fees:
F1-F3 3 papersX 57 pounds X 5 =855
F4-F9 6 papersX 72 pounds X 5 =2,160
P1-P3 3 papersX 84 pounds X 5 =1,260
P4-P7 2 papers to be taken only X 84 pounds X 5 =840
initial subcription 72 pounds X 5 =360
student membership 72 pounds X 5 X 2 years =720
TOTAL =about 22,000

Irene Ng
post Jan 26 2011, 12:11 AM

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Thank you for the information. It helps me a lot. thumbup.gif
YH90
post Jan 26 2011, 12:13 AM

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So it comes down to Sunway, 13k more expensive, 1 year faster route or TARC, the cheaper route.

And it depends on what kind of environment you want to be in.
Knight_2008
post Jan 26 2011, 12:51 AM

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pay more for study environment and the opportunity if u can afford it. I heard 20 top performers are being selected to work for PWC during their p1 p2 p3 this sem
Irene Ng
post Jan 26 2011, 01:06 PM

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I have a question about the certificate. Is it issued by Malaysia or UK, because I have heard that the fees to study for ACCA is very much expensive which is about 70k. Therefore, I am wondering is the certificate of ACCA which from TARC and Sunway college is from UK??
YH90
post Jan 26 2011, 01:19 PM

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QUOTE(Irene Ng @ Jan 26 2011, 01:06 PM)
I have a question about the certificate. Is it issued by Malaysia or UK, because I have heard that the fees to study for ACCA is very much expensive which is about 70k. Therefore, I am wondering is the certificate of ACCA which from TARC and Sunway college is from UK??
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What you heard is plain BS. The cert will be posted to you from UK after you complete each stage. Sunway also provides such certs in addition to the ACCA's, but it is under the Sunway name and brings no value whatsoever.

You can check out ACCA's website. Each paper is only 60-80GBP per paper. You need not have to attend tuition at all to take the exams, but going for tuition is highly recommended.

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