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

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acgerlok7
post Apr 12 2012, 01:06 PM

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QUOTE(Whatshouldido @ Apr 11 2012, 01:02 AM)
Hey,
I get 7A+ and 2A's for my recent SPM.
I am planning to go for gov matriculation and soon maybe to USM, UM, or etc. I was wondering after the the university what is the pathway to be a chartered accountant? Mind listing for me? Thanks in advance =)
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MIA is one path, but i guess if you want more challenge and options for your career, challenge yourself for ICAEW rolleyes.gif , well with that qualification probably you can become chartered accountant not oni in PLC in malaysia but anywhere in the world.. so your options are not just limited as opposed with registration with MIA...
White Knight
post Apr 12 2012, 01:28 PM

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QUOTE(acgerlok7 @ Apr 12 2012, 01:06 PM)
MIA is one path, but i guess if you want more challenge and options for your career, challenge yourself for ICAEW  rolleyes.gif , well with that qualification probably you can become chartered accountant not oni in PLC in malaysia but anywhere in the world.. so your options are not just limited as opposed with registration with MIA...
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as long as the prof exam body carries a chartered designation or a public designation, then only that prof body is considered superior and high standard....not only limited to ICAEW, it covers other chartered/public bodies as well.

I suggest whatshouldido opt for MICPA.



Whatshouldido
post Apr 12 2012, 05:19 PM

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QUOTE(acgerlok7 @ Apr 12 2012, 01:06 PM)
MIA is one path, but i guess if you want more challenge and options for your career, challenge yourself for ICAEW  rolleyes.gif , well with that qualification probably you can become chartered accountant not oni in PLC in malaysia but anywhere in the world.. so your options are not just limited as opposed with registration with MIA...
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U meant that after my degree in public university, I should go take up ICAEW? How about MIA?
ICAEW I heard it is quite tough. Where to continue studying that course? Well, another thing is that some suggest me to do ACCA after graduation but if I take up ACCA, should I go for MIA? icon_question.gif


Added on April 12, 2012, 5:21 pm
QUOTE(White Knight @ Apr 12 2012, 01:28 PM)
as long as the prof exam body carries a chartered designation or a public designation, then only that prof body is considered superior and high standard....not only limited to ICAEW, it covers other chartered/public bodies as well.

I suggest whatshouldido opt for MICPA.
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hmm MICPA? but I heard that people said MIA is more recognised as compared to MICPA hmm.gif rclxub.gif

This post has been edited by Whatshouldido: Apr 12 2012, 05:21 PM
cckkpr
post Apr 12 2012, 05:46 PM

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MIA is the governing body for all practicing accountants in Malaysia and MICPA is just one of the bodies recognised by MIA. Others include ACCA, ICAEW, CIMA etc.
100cw
post Apr 15 2012, 02:23 AM

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For MIA,
APPLICANTS UNDER THE CHARTERED ACCOUNTANT CATEGORY MUST POSSESS ONE OF THE FOLLOWING -

1. Passed any of the final examination specified in *Part I of the First Schedule of the Accountants Act, 1967 and gain 3 years of working experience in the service of chartered accountant or in a Government department, bank, insurance company, local authority or other commercial, financial, industrial or professional organisation; and/or
2. Member of any of the recognised bodies specified in **Part II of the First Schedule of the Accountants Act, 1967; and/or
3. Passed the MIA Qualifying Examination and gain 3 years of working experience in the service of chartered accountant or in a Government department, bank, insurance company, local authority or other commercial, financial, industrial or professional organisation; and/or
4.
Company auditor per S8(2) and (6) of the Companies Act 1965 without limitations or conditions.

APPLICANTS UNDER THE LICENSED ACCOUNTANT CATEGORY MUST POSSESS ONE OF THE FOLLOWING -

1. Granted limited or conditional approval to act as an auditor of companies under section 8(6) of the Companies Act 1965, or been in public practice as an accountant, a tax consultant or a tax adviser immediately before the Accountants Act, 1967; and/or
2. Member of the Malaysian Society of Accountants and passed any of the final examinations of that body last held in December 1992 and gain 3 years working experience in the service of chartered accountant or in a Government department, bank, insurance company, local authority or other commercial, financial, industrial or professional organisation.

APPLICANTS UNDER THE ASSOCIATE MEMBER CATEGORY MUST SATISFY THE FOLLOWING -

1. Possess a first degree or a Masters degree or higher, in which he must have a major in accounting for either his first degree or Masters degree; and
2. He has not less than 3 years' experience in teaching accountancy or accountancy related subjects at an institution of higher learning or equivalent.


Added on April 15, 2012, 2:44 amI am wondering why there is no body talking about AIA (http://www.aiaworldwide.com)...

The AIA was founded in the UK in 1928 as a global accountancy body and now provides qualifications and services for over 7,000 Members and 8,500 Students, Graduates and Affiliates in over 85 countries worldwide.
AIA is recognised by the UK Government as a Recognised Qualifying Body for statutory auditors under the Companies Act 2006, as a Prescribed Body under the Companies (Auditing and Accounting) Act 2003 in the Republic of Ireland, and members qualified as a statutory auditor and registered with a Recognised Supervisory Body (RSB) are able to seek registration as a statutory auditor across the European Union. In the UK, AIA also has supervisory status for its members in the Money Laundering Regulations 2007 and has recognition to operate in the Qualifications and Credit Framework (QCF) as an Awarding Body. The AIA professional qualification is currently recognised in over 30 countries worldwide.

There are quite a lot of Malaysian studying for these.

This post has been edited by 100cw: Apr 15 2012, 02:44 AM
r i k h a i
post Jun 18 2012, 10:31 AM

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For SPM students out there, those that still don't know what to do next after SPM or those that want to go for accountancy/business/finance qualification, maybe can consider to attend this event to find out more about CFAB/ICAEW. CFAB is the entry route for SPM leavers to the prestigious ICAEW qualification http://icaew.com You can also find out more information at http://sunway.edu.my/college/icaew/cfab

Below are the details:

CFAB Exchange 2012
Date : 7th July 2012 (Saturday)
Venue : MPH Hall, Sunway University
Activities : Business Game, Speeches, Sharing of Experiences, Lucky Draw and etc.

Form 5 students ! You can register at http://cfabexchange.eventbrite.com/ ! You might just be the lucky one to walk away with a brand new iPad !

Good luck, all the best for upcoming exams ! Cheers
Imdarren
post Jun 19 2012, 12:48 AM

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Prior to reading this thread, i was actually planning to complete a CPA and then move on to MBA. However, based on certain accounts from members here, CPA really does look dire in comparison to other professional accreditation. Now, i wouldn't want to spend thousands to obtain a qualification that is poorly regarded. Or at least, not up to standard.

So the conclusion is that the reputation/quality of ICAEW has dipped in recent history and that ACCA remains on top. Yes?

I'm currently studying my 3rd year at Monash University and to my benefit I am entitled to a few exemptions for ACCA, just as i do for CPA. Planning to start with auditing before venturing into the corporate sector, hence the importance of a professional accreditation.

All the sifus here, please advice me on my next step. notworthy.gif notworthy.gif


debbieyss
post Dec 28 2012, 05:39 PM

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I just want to know for working adults who wants to pursue a professional accounting qualification, which is the best option?

I'm working in a commercial company, finance department. If the professional course requires me to work with either one of their accredited training companies, this is impossible to me as I would not want to quit my current job and go for the other company for this purpose.

Please advice.
steven1107
post Dec 28 2012, 07:25 PM

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Anyone taking CPA Australia here?
fino_abama
post Dec 28 2012, 07:48 PM

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QUOTE(debbieyss @ Dec 28 2012, 05:39 PM)
I just want to know for working adults who wants to pursue a professional accounting qualification, which is the best option?

I'm working in a commercial company, finance department. If the professional course requires me to work with either one of their accredited training companies, this is impossible to me as I would not want to quit my current job and go for the other company for this purpose.

Please advice.
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Then ICAEW is out for you. Either CIMA or ACCA.
debbieyss
post Dec 29 2012, 01:02 PM

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QUOTE(fino_abama @ Dec 28 2012, 07:48 PM)
Then ICAEW is out for you. Either CIMA or ACCA.
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Thanks for your advice.

Been calling so many professional accounting bodies but many can't actually understand what I'm asking and what I want to know. rclxub.gif

I'm thinking to take up CIMA instead.
fino_abama
post Dec 29 2012, 04:26 PM

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QUOTE(debbieyss @ Dec 29 2012, 01:02 PM)
Thanks for your advice.

Been calling so many professional accounting bodies but many can't actually understand what I'm asking and what I want to know.  rclxub.gif

I'm thinking to take up CIMA instead.
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I would recommend also CIMA as well. The syllabus is more business-driven and suitable for those in management reporting.
jlyx
post Dec 30 2012, 08:22 PM

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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.
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Hi,

How about Help Uni ?


Added on December 30, 2012, 8:43 pm
QUOTE(Knight_2008 @ Feb 11 2011, 05:00 PM)
take ICAA instead of CPA smile.gif
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Hi,
May I know why ?

This post has been edited by jlyx: Dec 30 2012, 08:43 PM
cybermaster98
post Jan 3 2013, 09:58 PM

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What are the Scholarships available (local and international) for a student who has just completed Form 5 and is awaiting his results? He is interested in ACCA and is a brilliant student who scored A+ in all subjects in his SPM trial exams.
frodo baggin
post Jan 20 2013, 10:53 PM

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Cima is harder compared to acca due to single pass of all papers in one sitting requirement. Unless you love management accounting I would suggest acca, which let's you do one by one.

Plus acca has option for degree from uk.

Iceaw is just over rated and costly

This post has been edited by frodo baggin: Jan 20 2013, 10:55 PM
BravoZeroTwo
post May 6 2013, 02:34 PM

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Anyone discuss about this course lately ?
beethoven0
post Jun 3 2014, 10:06 PM

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my opinion,acca = icaew both same syllabus and same qualify(pro in audit/tax/accounting,maybe also in finance?)
cima different from above both,more concentrate on management part/strategy/business plan or else?....but lack of audit part...which more prestigious,em...actually i don know ....some said icaew,some said acca ,some said cima....i think this is really depend on the person...
the oldest accountant bodies is ICAS,1st royal charter in the world,maybe u can say icas is the most prestigious one...
beethoven0
post Jul 1 2014, 08:30 AM

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ACCA syllabus will going to slightly changes in 2014....
Blofeld
post Jul 1 2014, 12:28 PM

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Looks like they are making Paper F4 Corporate and Business Law to be easier. wink.gif
frodo baggin
post Jul 7 2014, 07:45 PM

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QUOTE(Blofeld @ Jul 1 2014, 12:28 PM)
Looks like they are making Paper F4 Corporate and Business Law to be easier.  wink.gif
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No they made the whole F level easier

F4 is going 100% CBE

F5 - F9 will now have 20% - 40% objective questions

That is the way ACCA reduces their marking cost and supposedly ensure a more balanced testing of the knowledge.

Lets see how it turns out this time given that Dec 2014 is the first time for this.

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