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

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TSJason3399
post Jan 14 2011, 07:09 PM

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professional paper cant be exempted as far as i know..Bro u doin ACCA in TARC? which campus? And can i know how much is the whole course?
Knight_2008
post Jan 14 2011, 10:21 PM

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QUOTE(Jason3399 @ Jan 14 2011, 05:30 PM)
oh ya guys.. wat is Big4?
*
the top 4 accounting firm smile.gif PWC, EY, KPMG Deloitte.. seriusly, learn how to use google and do some research..it will benefit u
TSJason3399
post Jan 14 2011, 11:40 PM

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i did google but i dont really ge tthe picture.. i need someone who can explain/elaborate tongue.gif
Knight_2008
post Jan 15 2011, 12:03 AM

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den try harder, sooner or later in ur life, you will reach a stage where you have to learn certain things on your own smile.gif
TSJason3399
post Jan 15 2011, 12:10 AM

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well maybe is just a bad habit of mine.. when i see a long-winded script, i wont read it thoroughly.. i`ll just jump to the conclusion. doh.gif
starz92
post Jan 15 2011, 12:18 AM

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Well,try asking around in the ACCA topic here about big4.or specify what you want to know bout it.
Basically,a normal multinational company/bank would prefer a degree fresh graduates then groom them to ACCA.(as they believe that degree graduates are better in term of soft skill and the salary paid is slightly lesser compared to ACCA graduates)
Big4 in the other hand,would prefer ACCA graduates.Therefore,most acca fresh graduates will choose to work there in order to gain experience,You will need at least 3 years of working experience in order to be recognised as chartered accountant by ACCA.The work there is definitely tiresome but you would gain a lot of experience working there.
(that's what i gathered around)
YH90
post Jan 15 2011, 12:22 AM

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QUOTE(starz92 @ Jan 15 2011, 12:18 AM)
Well,try asking around in the ACCA topic here about big4.or specify what you want to know bout it.
Basically,a normal multinational company/bank would prefer a degree fresh graduates then groom them to ACCA.(as they believe that degree graduates are better in term of soft skill and the salary paid is slightly lesser compared to ACCA graduates)
Big4 in the other hand,would prefer ACCA graduates.Therefore,most acca fresh graduates will choose to work there in order to gain experience,You will need at least 3 years of working experience in order to be recognised as chartered accountant by ACCA.The work there is definitely tiresome but you would gain a lot of experience working there.
(that's what i gathered around)
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You need at least 3 years of experience to be a member of ACCA. After that, you will be able to apply to MIA to be a Chartered Accountant.

And I don't think the Big4 prefers ACCA grads. They will take anyone that's available I believe. Alot of degree grads are also working there studying part time pursuing their professional qualification.
TSJason3399
post Jan 15 2011, 12:28 AM

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usually during our internship right, how much will we get paid? and will our working place far away from our house?
starz92
post Jan 15 2011, 12:51 AM

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not too sure with that.You might want to google to check out the location of any of the big 4 company nearby your house?the last time i heard bout the salary for fresh graduates was around rm2.5k
TSJason3399
post Jan 15 2011, 01:08 AM

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i see.. but from wat i know, our internship will be bond with the company which our college arrange right? we dont have a choice..
starz92
post Jan 15 2011, 08:54 AM

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It's not exactly an internship.College will help in term of recommending you to one of the company,on whether they want to hire you or not,it will depend on your performance during the interview.So,you are not bonded with the company.It's not necessary to work in Big4 companies once you graduate,as acca just stated you will need 3 years working experience in order to become a member of acca.So,there are also people that choose to work in other industrial company,etc.Some might prefer smaller company as the stress level is lower.
TSJason3399
post Jan 15 2011, 09:55 AM

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Oh i see.. tat`s for ACCA right? But wat about ICAEW.. i saw from brochure tat we`ll be bonded with the company and cannot change for 3 yrs..
starz92
post Jan 15 2011, 11:01 AM

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yup,for ICAEW,the you will be bonded as it's part of the requirement to complete ICAEW
cfng76
post Jan 15 2011, 12:07 PM

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Just make up you mind, make a choice, take action and be persistent to complete it, be it F6>Local U or CAT>ACCA or CFAB>ICAEW. Both 3 options do lead you to achieve Chartered Accountant (Malaysia) status.

As an ACCA, just share some small tips, to pass, you just need to attend classes, consistently practice on past years Q & A, read exam related articles. Sound "straight forward" but how well you can do it will definitely depend on how self-discipline you are.

BTW, it is not about how easy or how hard of each option, the concern is if you really want it and achieve it with full effort. And it is not about which one is better, of each option is path way to become qualified accountant, but it is your own personal quality (characters and attitudes) to determine how far you can go when later you are just one of among many accountants.
TSJason3399
post Jan 15 2011, 05:06 PM

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hmm well i kinda agree with wat cfng76 said.. wink.gif hey man mind to share some of yr experience?

Oh ya while doing our internship right, can we get a promotion or bonus?
Knight_2008
post Jan 15 2011, 06:06 PM

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i think can.. cause i remember my lecturer telling me that by the time acca grad go and work in audit firm, the icaew people of same age will be our superior
TSJason3399
post Jan 15 2011, 07:22 PM

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QUOTE(Knight_2008 @ Jan 15 2011, 06:06 PM)
i think can.. cause i remember my lecturer telling me that by the time acca grad go and work in audit firm, the icaew people of same age will be our superior
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Ooo.. think i gonna take ICAEW instead of ACCA if tat`s the case.. whistling.gif
searcher1106
post Jan 15 2011, 07:52 PM

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QUOTE(Jason3399 @ Jan 14 2011, 07:09 PM)
professional paper cant be exempted as far as i know..Bro u doin ACCA in TARC? which campus? And can i know how much is the whole course?
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yeah i'm from tarc..doing the last 2 option papers rite now..
Diploma-------------------------------------------------8,000
Advanced Diploma-------------------------------------7,000
(not inclusive of the 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

i dunno how much is the fees for the sunway..now TARC gained back the platinum tuition provider status..
if u're from family with good financial background, i would advise u to study in sunway..
better lecturers gua..and they will have a few progress test to push u to study lo..and if u are smart, i think
CAT+ACCA= around 3 years plus only

dun go study stpm---degree---acca..2 years+4 years+1 year=7 years..and good cgpa does not guarantee to enter
local uni..my fren got 3.8++ also tak dapat accounting course,ended with the same course as me..

this is tarc SBS brochure-----http://www.tarc.edu.my/admissions/e-brochures/main.htm
i hope my info is up to date and useful to u..if u are interested to ask further about tarc,u can pm me la^^
all the best..
Knight_2008
post Jan 15 2011, 08:14 PM

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QUOTE(Jason3399 @ Jan 15 2011, 07:22 PM)
Ooo.. think i gonna take ICAEW instead of ACCA if tat`s the case.. whistling.gif
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sorry my mistake.. that was last time when the best CAT students will be selected to go for ICAEW after finishing their CAT which took a year.. Immediately they will start working while doing their ICAEW papers part time smile.gif

now i think almost the same cause icaew students have to study 2.5 years full time before being released to workforce..therefore, they have only half year working experience advantage as compared to acca grad.. nevertheless, icaew being more prestigious will aid u later in ur career smile.gif


searcher1106
post Jan 15 2011, 08:17 PM

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QUOTE(Knight_2008 @ Jan 15 2011, 08:14 PM)
sorry my mistake.. that was last time when the best CAT students will be selected to go for ICAEW after finishing their CAT which took a year.. Immediately they will start working while doing their ICAEW papers part time smile.gif

now i think almost the same cause icaew students have to study 2.5 years full time before being released to workforce..therefore, they have only half year working experience advantage as compared to acca grad.. nevertheless, icaew being more prestigious will aid u later in ur career smile.gif
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some of good CAT students in sunway will be asked by BDO to work with them rite..
i heard of this when i have my internship in BDO..
work with them 5years and get the qualification..
by the time they finish the 5 years,they can directly be chartered accountant..
and that time they oledi promoted to audit manager..

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