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

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SUSOptiplex330
post Feb 13 2011, 10:11 AM

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QUOTE(Jason3399 @ Jan 12 2011, 02:09 PM)
I had done my SPM last year and currently i`m waiting to get my result.. However, i`ve been eyeing on accountancy.. But i dont know wat are CAT,CPA,ACCA, ICAEW, CFAB all about.. rclxub.gif Been hearing a lot from teachers but i`m still shocking.gif  Can someone enlighten me? Million thanks in advance.. notworthy.gif

And one more thing, can i hope for getting into local universities and opt for accountancy by venturing into form 6 1st? Will it save cost and wat`s the minimum score i should get in order to be qualified for accountancy course in local uni?

*wat if i dont do well in form 6? time will be wasted or i can salvage it and straight away go for degree?
*
IMO,

Go straight to ACCA or whatever if you:
1. Can pass all the necessary professional papers (many gave up half way)
2. 100% wanted to be an accountant (many change their mind after a few years study/work and don't want to be one)
3. wanted to become one in the shortest time possible (slow down and smell the roses sometimes. gf & bf are nice)
4. at the lowest cost (well, what to do if you have little money?)


If you do not fulfill the above 4 conditions, I do not suggest you skip degree as some have suggested.


animangacraze
post Feb 16 2011, 04:46 AM

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QUOTE(lolz1120 @ Jan 19 2011, 06:55 PM)
Sure but do note that you will need AT LEAST a second upper class degree for ICAEW, and there very few colleges that are affiliated with ICAEW. The two that i know would be Sunway and Taylors, if i'm not mistaken Inti is in the list too.
*
actually, Sunway is the only one affliated. yeah, just to clarify.
-YS-
post Feb 18 2011, 03:09 PM

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I was recommended by someone to take MICPA (Revised) and it has MOU with ICAA which entitles us to get ICAA membership as well, is it worth taking ? Or should i go for ACCA?
CKJMark
post Feb 18 2011, 03:15 PM

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If you want to stay in Malaysia, MICPA is enough. If you want to work overseas, then depending on the country you want to go to, you may want to consider ACCA or another internationally recognised qualification
-YS-
post Feb 18 2011, 03:27 PM

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QUOTE(CKJMark @ Feb 18 2011, 03:15 PM)
If you want to stay in Malaysia, MICPA is enough.  If you want to work overseas, then depending on the country you want to go to, you may want to consider ACCA or another internationally recognised qualification
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Isn't that ICAA is good enough?
GaYoon
post Mar 15 2011, 04:58 PM

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Wow! This is the longest thread I've read so far. It seems that everyone is recommending ICAEW & ACCA instead of others like CPA. Does that mean CPA is not good? Aren't all of them professional bodies? Or that CPA is not up to standard? Is it true that CPA is not recognised by most companies in Australia?
I wanted to study CPA at first before I read this post but now it seems like.....
Selecao
post Mar 15 2011, 09:21 PM

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QUOTE(GaYoon @ Mar 15 2011, 04:58 PM)
Wow! This is the longest thread I've read so far. It seems that everyone is recommending ICAEW & ACCA instead of others like CPA. Does that mean CPA is not good? Aren't all of them professional bodies? Or that CPA is not up to standard? Is it true that CPA is not recognised by most companies in Australia?
I wanted to study CPA at first before I read this post but now it seems like.....
*
It's all depends on you. I am a CPA too. Before I came back to KL, I had job interviews with KPMG, EY and Deloitte in Australia. All 3 of them required me to enrol for the CA Program under ICAA. Then I told them I am already a CPA, then they said it's mandatory that anyone who joins the Big 4 in Australia must have CA. They consider CPA is just another general paper that anybody can have it. Because of that I rejected their offer and came back to KL. Now I regretted it.

Now I work in a mid size firm & discover that CPA is very far behind ICAEW & ACCA in terms of technical knowledge, skills blah blah blah.... whatever under the sun....Sometimes I am very puzzle why are they, ICAEW & ACCA are so good and all the CPA are lost & struggle in the work. It's the exam that makes the big difference.


Knight_2008
post Mar 15 2011, 10:02 PM

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not to be rude. although ur CPA programme did not prepare you for the required technical skills, why can't you take the initiative to learn those things yourself?

just get a book for those professional exam or best, get those issued by IASB or ISAAB and read smile.gif
yin93
post May 6 2011, 01:57 PM

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What is the diff btw ICAEW and CAT?
YH90
post May 6 2011, 04:16 PM

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QUOTE(yin93 @ May 6 2011, 01:57 PM)
What is the diff btw ICAEW and CAT?
*
A simple google will answer your question.

ICAEW and CAT belongs to different institutions with the latter belonging to ACCA.

CAT is a foundation for you to proceed to ACCA. It is being replaced by Foundation in Accountancy (FIA) in June 2011.

P.S.: Please do a little homework before asking.
BaByLengZai91
post May 17 2011, 02:44 PM

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it really depends on which accounting bodies u want to be affiliated with..

hard to say which is better than the other.. all also got their own advantages and disadvantages..

different bodies will gain you different title.. as an example join ICAS or ICAEW will earn you the title of CA (Chartered Accountant), join CIMA and you get the title CMA (Chartered Management Accountants), so on and so forth..
TSJason3399
post May 27 2011, 03:12 PM

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just got a call for an interview by The Sun newspaper. i think its the MAPCU or something.. for CFAB program. smile.gif
starz92
post May 29 2011, 03:27 PM

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QUOTE(Jason3399 @ May 27 2011, 03:12 PM)
just got a call for an interview by The Sun newspaper. i think its the MAPCU or something.. for CFAB program. smile.gif
*
hey,i got called too..but it was the Sunway college itself that called me.
Tomorrow noon right?
TSJason3399
post May 29 2011, 03:55 PM

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yea same case man smile.gif

mine is on tuesday 11a.m

u?
starz92
post May 29 2011, 04:24 PM

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QUOTE(Jason3399 @ May 29 2011, 03:55 PM)
yea same case man smile.gif

mine is on tuesday 11a.m

u?
*

mine is tomorrow at 4pm
TSJason3399
post May 29 2011, 05:57 PM

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woo.. good luck man smile.gif keep in touch kay? share our result.
kokming118
post May 29 2011, 06:54 PM

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QUOTE(starz92 @ May 29 2011, 04:24 PM)
mine is tomorrow at 4pm
*
hi, which course you applying ?
starz92
post May 29 2011, 10:10 PM

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QUOTE(kokming118 @ May 29 2011, 06:54 PM)
hi, which course you applying ?
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ACCA.


Added on May 29, 2011, 10:11 pm
QUOTE(Jason3399 @ May 29 2011, 05:57 PM)
woo.. good luck man smile.gif keep in touch kay? share our result.
*
haha..thanks..good luck for you too smile.gif

This post has been edited by starz92: May 29 2011, 10:11 PM
TSJason3399
post May 29 2011, 10:44 PM

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its CAT right for yrs? mine is CFAB. what i heard is they only sponsor us CAT or CFAB only. ACCA and ICAEW is on our own no?
starz92
post May 29 2011, 10:48 PM

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QUOTE(Jason3399 @ May 29 2011, 10:44 PM)
its CAT right for yrs? mine is CFAB. what i heard is they only sponsor us CAT or CFAB only. ACCA and ICAEW is on our own no?
*
actually i am at CAT level now..final sitting next week..so i am going for ACCA interview..i saw it in The Sun website so i just apply

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