Secondary edu excellent might not be the case excel in professional paper. There is a vast gap between both exam been construct to test student. I'm not here to deter TS wills by continue to feed the negative info, pordon me if do distracted u. Just want TS to have a clear picture what might s/he encounter later. I can share with u a fren of mine who possessed 8A in secondary edu, when she came to professional level in acca (last few paper), she also struggled to passed it even she endeavour all the best she could. Apparently she also failed few times in professional level, and u all shd know n prepared once failed have to wait for 6 month, so the shorter duration that most ppl claim (first time passer candidates) barely realised.

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Added on January 13, 2011, 2:43 pmIn Malaysia ppl possesed professional qualification claims as chartered accountant. This will be isolated cases when u're pratices in foreign countries. Acca, cpa (aus) only being considered certified accountant where as the chartered title reserved for icaew or icaa. Yes, cima is a chartered body as well but the nature of cima is focusing on management scope.

This post has been edited by Miss: Jan 13 2011, 02:43 PM

Note that they always put "or any other term of like description" "description in such circumstances as to indicate or to be likely to lead persons to infer that he is a chartered accountant or that he is qualified by any written law to practise the profession" " © adopt, use or exhibit the terms "accountant" or any other term of like description in such circumstances as to indicate or to be likely to lead persons to infer that he is a licensed accountant or an associate member. "

It DOESN'T MATTAR WHAT IS THE JOB TITTLE, the law covers job tittles and also job scopes, so saying

As far as the professional bodies are concerned what you are saying is like saying doing a Doctor's job is ok if your not registered with MMC as long as you don't call yourself a Doctor.

Fact is if they were to perform an Accountant's duty and not be a member of MIA, then it' against the law in Malaysia. You can't even indicate that you provide such services, you can't even put stuff that will make people infer that you might be an Accountant or provide such services.

Companies will take you in if you are a member of ACCA etc. since by being a member of those bodies you are elligble to become a member of MIA.

This post has been edited by Hikari0307: Jan 13 2011, 02:53 PM

Oneself determinant and persistent can overcome all the obstacles. Nowadays acca is become too commercialise, passed more n more candidates to secured as global larger professional body and compete with others rising body (icaew). It's doable with lot of work effort u about to put in but to complete in the shorter duration that is another story. Be prepare for fail is do really happen and learn from the failure ( failure is the mother of success )

OMG fail= waste $$

anyone here pass everything without fail?

the above paragrah states "holding out or practise" which means, u announced to your client that you are a chartered accountant in order to secure a job or a business.

as such, all those having public practice (ie. contract for service), where the relationship they have with those who use their service is of client-contractor nature, will require to be a chartered accountant. However, this is applicable to those who is in charge of public practice firm, and not their employees.. the employees could be not chartered accountant, however, the one responsible if anything goes wrong will be the CA as the client goes to the firm for services due to their faith of the Chartered Accountant.

however, in commercial firm, ie companies no one is required to hold a chartered accountant license in order to perform the finance and accountancy role.. it is the auditor who must be chartered accountant. what you imply does not make sense as if it is true, does that mean an owner cannot prepare his own financial statements if he is capable of it although he is not a CA?

I suggest u refrained from speaking in order to not mislead others. I have a friend who has a law degree and is an ACCA too and he agrees with what I said. Pretty much this is the consensus of accountancy professional all over Malaysia. If you don't believe, write a letter to MIA. Ask whether can u join the accounts department of a company or an audit firm but you're not MIA. If so, how can anyone trained for 3 years to gain the required experience as chartered accountant. It irked me that people who don't know about things start quoting laws without proper understanding

I don't need to write to MIA. They already have stuff like that written on their website

To get experience one must adhere to this

accountant is a post.. it conveys a message of integrity..that's it is a protected word..

however there is nothing stopping someone from using someone's service in preparing financial statement so long as that someone does not say he is an accountant and the employer understands that someone is not an accountant.. it's a free world.

as such, when client engage the service of a chartered accountant firm, does that mean everyone in the firm needs to a CA? The answer is no. So long as the firm is headed by a CA and there is enough CA around to exercise proper supervision over the process and services rendered, then it is fine.

what more, in companies those in charge of preparing F/S are not addressed as accountant, as such they are not holding out themselves as accountants.. auditors who are CA will be around to give reasonable assurance that f/s is prepared giving true and fair view..

Btw, are u an accountant? if yes, you don't seem to understand the technicalities of the law governing your own profession.. My lecturer was once head of both treasury and finance department of a listed company and yet is not a member of MIA. Doesn't seem the government made a fuss out of it when she deal with the IRB

This post has been edited by Knight_2008: Jan 13 2011, 10:19 PM

that's what you needed to consider before taking up the decision on whether to go for a professional qualification or otherwise.
In fact,it's not the $$ that matters the most.Once you fail a paper, you will have to wait another half year to retake.It is really time consuming.
(i don't know much about other professional qualification but i am talking bout ACCA)
If you choose the route of CAT-->ACCA,it only takes around 3 years to complete everything.(provided you didn't fail any of the paper). Which is way faster compared to route of going for a degree etc.
There are people who choose to go for a degree because they want to enjoy their university life,gain some soft skills and such which you would not get if you choose to go for ACCA(ACCA is like going for a tuition class then that's it.All efforts to pass depend on yourself as it is purely exam based).There are also a lot of people who choose to self study for their ACCA as it is completely possible and there are a lot of resources online which make that easier.You can try google around for it.

So here,the decision is back to you on whether you want to complete your studies faster or you want to enjoy your life first.
Please note that once you completed ACCA and start working,your life would be harder.



And for your question,yes,there is a lot of people that passed everything without fail,yet there are quite a number of people that failed a lot of time and ended up to other course(give up).
It's all depend on yourself,although i am currently only at CAT level,I am determined to go all out to make sure i complete my ACCA within the 3 years time frame.
If you choose this route,there will be no return and you will have to discipline yourself in order to pass.

Hope this helps.

Have a nice day

Regards,
Starz

This post has been edited by starz92: Jan 13 2011, 10:28 PM

thanks man But anyway, how is the schedule like? Do we have to go college from monday to friday? and wat is the time frame? from morning wat time to wat time?

depends on how many papers u take and where u study.. sunway have more hours per paper

but currently only sunway offer CFAB/ICAEW right? UTAR dont have?

According to Sunway's marketing, Sunway is the only institution to offer CFAB in the world.

Sunway is also the only provider of ICAEW tuition in SEA if I'm not mistaken.

oh well, this course is still new or it has been around for quite some time ad?

CFAB is only introduced recently,if i am not wrong,should be around 3 to 4 years old. Previously, the only way to get ICAEW is by getting a degree first.
For the schedule,it's better for you to ask the college.(email them or go have a visit)

oohh okay thanks^^ and hey guys, we can only graduate in actuarial science overseas right? Cant it be done locally?

The most severe case of exam and membership fees for accounting body wil be CPA (aus). 1 exam paper will be AUD$ 800 (round up), coverted to our currency (3.0 roughly) equally to RM2,400 per paper. Failed meant dump acca tuition fees (Rm1400) + exam fee (RM 500) + re-take exam (RM 500)....roughly, i'm not exactly sure the amount of fees in acca current market rates

Even u become a member though, the yearly membership fee AUD#600 = RM 1,800 each years. I bet u find a company with policy pay for employees membership fees.

Pros, members able to land their feet to aussie for working purpose thru apply skilled migrant. Earning AUD $ lol

sorry, u lost me here. Do you mean that companies are not willing to pay for membership subscription fees? cause unless u work for some chinaman company i'm pretty sure they do pay for your membership fees so as long it's rleated to your job suschas internal audit, external audit, finance, accounting, banking

oh ya guys.. wat is Big4?

yes, most of the cases. And like u said, chinaman com are those not practice this benefit for account personnel but i'm not mean all. But to be honest, i found myself also confuse pertain to sub-membership fees bound to be mandatory for com incorporated in their com policy. Not to be surprising u, i had a colleague jump to commercial big corporation dint have such privileged for account related jobscope. or maybe they practice another way of benefit offered to supersede it, u wont imagine how tricky com nowadays in order to cut expenses. Rule of thumb, scrutinize every details before signing a contract

As an acca student, i would like to advise u to take up acca..going for degree+acca takes a longer time dude..
u can either come TARC or go sunway to study..
TARC--it consists of 4 years course..2yrs and 4 mths to study diploma..after getting ur diploma,u will get an exemption of F1-F5 for acca syllabus..
After finishing ur diploma, u will have to study 1 yr and 8 mths to get ur advanced diploma..by finishing the first year of adv dip,u will get another 4 exemption,F6-F9..
Meanwhile during ur last year in TARC,u will be gone through with P1-P7..the last 5 papers..this one no exemption can be granted..the only way--study and take acca exam..if u wanna study in tarc,u must be independent and self-discipline for ur studies..

Sunway is offering CAT and ACCA..u have to pay more and take paper by paper basis..so far what i heard is that they lecturers are better in teaching..