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CAT,CPA,ACCA, ICAEW, CFAB, wat is it all about?
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Miss
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Jan 13 2011, 02:22 AM
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It's all boils down to your own capability in term of academic strength. No point really go for a course based on forumers suggest to u ( no offence). Do some research about the exam behind the acca or icaew. There is plenty passed years paper for u to see how the exam been structured.
It not a wise judgement to choose merely based on ppl claims how fast the duration of the course u can completed it. No everyone capable to make it within the duration. Just an example, acca is tough enough to the extent for candidates reach mature ages still struggling to pass the professional paper.
I'm not here to discourage u but just to give u some facts when thing doesn't worked out (u would ended up with nothing). Plenty of ppl called quit in half way ended up without any proper qualification. Yes, you still young now, but few years down the road when u're at 23 or olders still unable to completed acca, u have to opt for part time route. Assuming u're about join for big4 and bear in mind that an auditor work load is extremely high.
Be prepared if u're high ambitious aimed for icaew even, the route will be more tougher ahead. So i would suggest u to discuss with seniors who are working or had done the professional paper. No point to be blindly listening ppl who didn't taken the exam before. They might not know how tough the exam set in later stage.
And YES for your question, the MIA is essence that most accounting background scholar eyeing for. Most common ppl will opt for professional body like acca or Cpa (australia) to certified as an accountant (applied MIA). Besides that, you can also opt for our local accouting body (MICPA) but fewer ppl will opt for this as is not international recognised.
If u want prestigious professional body u can opt for ICAEW or ICAA (australia) that enable u become chartered Accountant.
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Miss
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Jan 13 2011, 02:26 PM
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QUOTE(Knight_2008 @ Jan 13 2011, 03:34 AM) he's a 10 As student based on his post in another thread. So long as he is willing to work hard, his intelligence will definitely enable him to pass ACCA  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. Added on January 13, 2011, 2:43 pmQUOTE(Hikari0307 @ Jan 13 2011, 03:43 AM) Other professional bodies like ACCA,CIMA etc. also would allow you a road to become a Chartered Accountant. In 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
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Miss
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Jan 13 2011, 03:01 PM
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QUOTE(Jason3399 @ Jan 13 2011, 10:14 AM) i`m just worry about how hard it is to pass the exam..  then i ended up with nothing at all like wat Miss said  i`m so dead if such thing happens.. 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  )
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Miss
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Jan 14 2011, 03:48 PM
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QUOTE(Jason3399 @ Jan 13 2011, 03:27 PM) OMG fail= waste $$ anyone here pass everything without fail? 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
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Miss
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Jan 14 2011, 05:50 PM
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QUOTE(Knight_2008 @ Jan 14 2011, 04:45 PM) 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 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
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