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

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Knight_2008
post Jan 16 2011, 12:42 PM

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QUOTE(BlueSpark @ Jan 16 2011, 10:12 AM)
Sorry I didn't write properly.
What I know is Sunway best CAT students go to ICAEW

I'm a student there also =.=
8 papers - MI & LAW + 6 application papers. Am I right?

So far, I've only seen BDO sponsored students.

Btw, sunway still provide this route
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in my time, the students who were selected will immediately begin their training (ie. work) in the sponsoring firm while doing their application papers part time..no full time studies at that time.. and there were two other firm sponsoring beside BDO,, but medium size firm,..not big 4


Added on January 16, 2011, 12:43 pm
QUOTE(wfwong @ Jan 16 2011, 11:52 AM)
Nowadays, all young people have their ambitions, which is good.  But, most of them are too ambitious, without considering their own capability as well as risk, time wasted.  Only see the glamour name of chartered.  If you are "hang" half-way, if don't anything, no degree, no chartered, no money.  Conclusion, at that time you 'baru' re-think your future, then it is too late, yes, really too late.

Just be pessimistic a bit, say 3 years down the road, you still :hang" half-way at your professional course, and at that time recession time come in (who knows?), you ending with "apa pun tarak".

Secure something first.  A bird in the hand (degree) is worth a dinosaur in the bush (chartered accountant).
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no harm if the young people have the capability in order to be ambitious right? lol

This post has been edited by Knight_2008: Jan 16 2011, 12:43 PM
Knight_2008
post Jan 16 2011, 01:32 PM

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it's now 68 in order to be assured of first class.. any lower, your theses have to be good in order achieved first class smile.gif
Knight_2008
post Jan 16 2011, 10:48 PM

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the entrance scholarship does not requires interview..so as long as u got required As, you'll get it..

Knight_2008
post Jan 16 2011, 10:59 PM

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ya..what more can you want? the exam fees only got 3k
Knight_2008
post Jan 17 2011, 12:48 AM

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when proceed to acca, apply for macpu scholarship.. smile.gif
Knight_2008
post Jan 19 2011, 06:58 PM

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QUOTE(Neptern @ Jan 19 2011, 01:45 AM)
I heard rumor rumor that sunway manipulate their passing rate a little(or a lot) by eliminating students who do not pass their internal exams for acca.That's why you always see sunway passing rate so high.

Anyways i think it is better to take CAT and then ACCA first then if later if you really want to then take ICAEW(based on my recommendation of course).Unless you plan on working in London which is pro ICAEW, getting ACCA is more than enough already.If you passed ACCA you get exemptions for ICAEW.Anyone knows how many papers?

BTW ACCA passing rate is lower because its entry requirement is easier(virtually anyone can go do ACCA) but i can be honest with you finishing it is another story so the quality of ACCA students are still there.
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my opinion is that even Malaysia will soon be pro-ICAEW. Imagine this. Sunway TES is now promoting ICAEW and there is at least 100-200 candidates..In just a decade this will increase and the number of top jobs (ie. openings for fresh grad) will be less than number of ICAEW.

At that time, when the most prestigious qualification becomes normal, you can can expect where ACCA fresh grads will stand..Lol

This post has been edited by Knight_2008: Jan 19 2011, 07:13 PM
Knight_2008
post Jan 19 2011, 11:30 PM

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QUOTE(TendouSouji @ Jan 19 2011, 10:56 PM)
I'm very glad to see a thread like this, it's the most helpful thread among all the others that I can find in Lowyat.net to solve my doubts and questions. I'm almost determined to go for ICAEW now, despite what Knight_2008 have said, but I believe that wouldn't happen too soon.

There's only 1 thing left that I would like to know, which is how would the life of a CFAB AND an ICAEW students be? Do they still have time for personal life like gaming/dating/shopping/surfing internet? If yes, how long would it be for each day? (Assuming that I self-study+revision 2 hours/day for the course)

Thank you very much in advance.
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whether you have time or not i believe depends on yourself.. I quote this from a professor i once met during a talk in my high school. he said that imagine you did everything faster, such as walk faster, bath faster, eat faster, don dilly dally, efficient ways of doing things etc.. If due to these factors you save 10 minute per activity for 6 activities daily. You would suddenly have an extra 1 hour a day which is a lot smile.gif

furthermore, whether you have enough time or not also depends on the achievement that you target. Obviously, if you want better marks and got prize such Watt prize, you had to work harder. Anotehr factors will be natural born talents. I have a friend in ACCA which literally sleep in most of the class and always got scolded for that but got a malaysia prize for a professional papers.


Added on January 19, 2011, 11:33 pm
QUOTE(searcher1106 @ Jan 19 2011, 11:16 PM)
sorry for ur misleading info..TARC has gained back the platinum status after 1.1.2011..
so now sunway is no longer the only acca platinum tuition provider in m'sia anymore..


Added on January 19, 2011, 11:19 pm
after finishing tarc diploma..first 5 Fundamentals papers are exempted i.e. F1-F5..
then by finishing adv dip first year,then the student will get another 4 exemption..F6-F9..
then second year of adv dip requires student to sit for real acca exam for p1-p3..p4-p7(either 2)..
altogether need 4 years to get a diploma+adv dip+acca..tarc adv dip=general degree and student are allowed to top up
with uk degree if u are rich to go..


Added on January 19, 2011, 11:20 pm
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actually i don't think the 3 months top up for a degree will add any value and will not be considered more prestigious in contrast to the degree offered by OBU to those who completed Part 2 of ACCA and a theses.

so if one want to get such a low level degree, taking ACCA and achieved the OBU degree will be more cost beneficial

This post has been edited by Knight_2008: Jan 19 2011, 11:33 PM
Knight_2008
post Jan 20 2011, 01:11 AM

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ya, why not. Just that foundation saves more time smile.gif

u got 10A right? shouldn't the scholarship cover your entire foundation. it wouldn't make a different for you in terms of cost between foundation and stpm right?
Knight_2008
post Jan 20 2011, 02:19 AM

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the consensus among my lecturers, seniors and siblings of my friends in the industry is that ICAEW is more prestigious. I expect it should be for the next decade too even if the quality does deteriorates. But hey, it's perception that counts smile.gif

btw, working in UK isn't easy for people who is not from the EU. The law has been tighten even for those studying there to remain to work there; what more for those of us who studies here.

The most probable way you can work in UK if u study here is that you have a postgrad qualification, a certain threshold of current salary as well as an offer from an employer. But bear in mind, this is only possible if you had worked for at least a few years. I'm under the impression that the UK government had created more hassle for the employers to hire immigrants in order to protect their people
Knight_2008
post Jan 20 2011, 02:05 PM

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QUOTE(TendouSouji @ Jan 20 2011, 09:44 AM)
Thank you very much, this is really beneficial. I understand it isn't easy to work in UK, i just wished that I would stand a chance. Guess ICAEW is still the better choice compared to ACCA for me eh?
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yup smile.gif


Added on January 20, 2011, 2:09 pm
QUOTE(Jason3399 @ Jan 20 2011, 01:34 PM)
but i couldnt get the green light from my grandpa.. He doesnt like it.. u mean with my result i can get my foundation cost waive if i got 10As regardless of whether i get A+, A- or A?
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try explaining to your grandpa that time is money. Getting 1 year earlier to the workforce will net you a cool RM 28800 (RM2400*12) smile.gif

btw, why do u need your grandpa approval? it's your life anyway and who is he to stop you from studying for you future?

http://sunway.edu.my/scholarships/internal/tsjc-entrance.. starting searching the internet for the information you need.

This post has been edited by Knight_2008: Jan 20 2011, 02:09 PM
Knight_2008
post Jan 21 2011, 02:53 AM

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QUOTE(TendouSouji @ Jan 21 2011, 02:34 AM)
Yeah really nice summary, but... is it really true that it wouldn't make such a big difference no matter which 1 we choose?
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it all boils down to you in the end. Doesn't mean getting a qualification will make you in any way inferior.

It's just that when you have certain qualification which are perceived by others as better, it makes you stand out from the rest. This will helps a lot in job application especially for fresh grad as fresh grads don't have any track records. Getting to work in prominent firms after graduation will in turn polish ur resume, allow you to build up contacts as well as providing you with working experience a mediocre firm may never provides.

not to be forget when a certain qualification is viewed as prestigious, it usually attracts more talents (ie. smart people will be of higher percentage in that course). This will allow you build up your contacts with those may rise to ranks of CEO, CFO etc early on in ur life smile.gif
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
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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
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
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
Knight_2008
post Feb 11 2011, 05:00 PM

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take ICAA instead of CPA smile.gif
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
Knight_2008
post May 30 2011, 03:39 AM

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QUOTE(Jason3399 @ May 30 2011, 03:04 AM)
if thats the case, what if some students cant afford the fees for ACCA after their CAT how? they cant just leave them halfway right?
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sometimes in life, there's a certain risk u must take in order to gain. scholarship holders all round the world have to maintain a certain grades or they will be deny the scholarship. top uni like princeton would not grant u their master of finance if u get more than 1B and there is no resit except in certain exceptional circumstances smile.gif

anyway, back to the point, he can always go to bank for a loan, or work in audit firm requesting them to sponsor him. if his marks is good, definitely there will be no problem smile.gif

This post has been edited by Knight_2008: May 30 2011, 03:40 AM
Knight_2008
post May 31 2011, 01:05 AM

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QUOTE(Jason3399 @ May 30 2011, 11:59 AM)
Alright i understand bro. Its all about the hardwork and effort we put into it. Cant always wait for ppl to excuse and spoon feed us all the way. =) anyway i thought they'll give foundation course, didnt expect my second choice is given which is CFAB.
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haha.. it's a good course. icaew is quite prestigious and regarded as creme de le creme in the accounting profession. the only disadvantage is you won;t get a degree and this will complicate things if u want to go for specialist master like in finance or econs. MBA should be no problem though

 

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