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 ACCA V7, Global Body for Professional Accountants

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anderson2009
post Jul 6 2011, 11:02 PM

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QUOTE(Gina Yong @ Jul 6 2011, 10:28 PM)
wads d distinction between acca and aca?
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One with an extra C. C stands for competent.
Xeniouz
post Jul 6 2011, 11:15 PM

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QUOTE(MindyF @ Jul 6 2011, 09:19 PM)
there are 2 separately body to have their own group of ACCA's lecturer....

you may see greencity's lecturer was a new group of ppl, I had seen their new time table, and I don't even recognised anyone of the lecturer....................
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you can try google their names.. some of them could be experienced lecturers from other countries..

QUOTE(Gina Yong @ Jul 6 2011, 10:28 PM)
wads d distinction between acca and aca?
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ACCA is Chartered Certified - initially it is only Certified but then the Chartered status was granted by "don't know" which Queen..

ACA granted for ICAEW members - in general people with ACA are much more accepted as its standard is slightly higher than ACCA..
student2
post Jul 6 2011, 11:59 PM

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QUOTE(Xeniouz @ Jul 6 2011, 11:15 PM)
you can try google their names.. some of them could be experienced lecturers from other countries..
ACCA is Chartered Certified - initially it is only Certified but then the Chartered status was granted by "don't know" which Queen..

ACA granted for ICAEW members - in general people with ACA are much more accepted as its standard is slightly higher than ACCA..
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ACCA marketing better than ICAEW at this moment. ACCA = 424,000 students; ICAEW = 9,000 students.

Membership size almost equal.

ICAEW more british members.
ACCA more international members (>70%).

ICAEW older approx 20-30 years.
ACCA younger.

ICAEW and ACCA both can audit in England.

ACCA founded because demand for accountant more than ICAEW is willing to produce.

ICAEW more old-fashion. ACCA more modern (i.e. more IT based).

Most English firms prefer ICAEW rather than ACCA due to membership composition.
Therefore very difficult to get job with ACCA in England.

ICAEW need to work and study at same time; ACCA can study now work later.

In terms of standard should be equivalent because both are statutory bodies for accounting in England.

Actually most of this info available in Wikipedia or in their respective websites.

This post has been edited by student2: Jul 7 2011, 12:00 AM
anderson2009
post Jul 7 2011, 12:07 AM

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QUOTE(student2 @ Jul 6 2011, 11:59 PM)


In terms of standard should be equivalent because both are statutory bodies for accounting in England.

Actually most of this info available in Wikipedia or in their respective websites.
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Different. By statute of the UK, Chartered Accountant = ACA. Chartered CERTIFIED Accountant= ACCA.
student2
post Jul 7 2011, 12:20 AM

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QUOTE(anderson2009 @ Jul 7 2011, 12:07 AM)
Different. By statute of the UK, Chartered Accountant = ACA. Chartered CERTIFIED Accountant= ACCA.
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Are you a troll? I don't get what you mean.

Thats just a post-nominal difference. Both have equal status in England.

This post has been edited by student2: Jul 7 2011, 12:37 AM
Xeniouz
post Jul 7 2011, 12:40 AM

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QUOTE(student2 @ Jul 6 2011, 11:59 PM)
ACCA marketing better than ICAEW at this moment. ACCA = 424,000 students; ICAEW = 9,000 students.

Membership size almost equal.

ICAEW more british members.
ACCA more international members (>70%).

ICAEW older approx 20-30 years.
ACCA younger.

ICAEW and ACCA both can audit in England.

ACCA founded because demand for accountant more than ICAEW is willing to produce.

ICAEW more old-fashion. ACCA more modern (i.e. more IT based).

Most English firms prefer ICAEW rather than ACCA due to membership composition.
Therefore very difficult to get job with ACCA in England.

ICAEW need to work and study at same time; ACCA can study now work later.

In terms of standard should be equivalent because both are statutory bodies for accounting in England.

Actually most of this info available in Wikipedia or in their respective websites.
*
Some of these information you posted is true.. But IMHO ICAEW produces better accountants since they gain practical experience and study at the same time but of course I also want ACCA to be more marketable la.. ACCA members can only practice as a registered auditor within the UK/Ireland if they attempt P2 UK/Ireland & P7 UK/Ireland from June 2011 onwards - this is a very bad news for us.. and sometimes those information from Wikipedia cannot be 100% relied upon..
anderson2009
post Jul 7 2011, 12:40 AM

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QUOTE(student2 @ Jul 7 2011, 12:20 AM)
Are you a troll? I don't get what you mean.

Thats just a post-nominal difference. Both have equal status in England.
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Troll? Hahaha are you sure u really wanna call ur future senior that? Oh perhaps, manager, when u join wink.gif

LOL no need to go so defensive lah. I'm an acca grad too, but admitting the fact doesn't hurt yeah smile.gif read up UK's law buddy!
student2
post Jul 7 2011, 12:52 AM

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QUOTE(Xeniouz @ Jul 7 2011, 12:40 AM)
Some of these information you posted is true.. But IMHO ICAEW produces better accountants since they gain practical experience and study at the same time but of course I also want ACCA to be more marketable la.. ACCA members can only practice as a registered auditor within the UK/Ireland if they attempt P2 UK/Ireland & P7 UK/Ireland from June 2011 onwards - this is a very bad news for us.. and sometimes those information from Wikipedia cannot be 100% relied upon..
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If you understand their position is very simple. They just want to protect their own labour markets like any other country including MYS.

In the future; if our markets really become globalized and accounting harmonization does occur; it doesn't matter any more whatever variant you take except probably law.


Added on July 7, 2011, 12:55 am
QUOTE(anderson2009 @ Jul 7 2011, 12:40 AM)
Troll? Hahaha are you sure u really wanna call ur future senior that? Oh perhaps, manager, when u join wink.gif

LOL no need to go so defensive lah. I'm an acca grad too, but admitting the fact doesn't hurt yeah smile.gif read up UK's law buddy!
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Troll with no facts. Just STFU and find info to post rather than ask genuine posters to read up. Ridiculous.

This post has been edited by student2: Jul 7 2011, 12:55 AM
Xeniouz
post Jul 7 2011, 01:22 AM

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QUOTE
If you understand their position is very simple. They just want to protect their own labour markets like any other country including MYS.

In the future; if our markets really become globalized and accounting harmonization does occur; it doesn't matter any more whatever variant you take except probably law.
Talking about harmonisation, US has already started to adopt IFRS in small stages.. but if UK insist to protect their own labour markets, nothing can be done about it.. and accounting harmonisation takes a lot of time to realise or maybe it won't even happen at all..just take a look at Sarbanes-Oxley Act 2002.. it was issued by Bush in 2002 but certain acts are only enforced a few years later and some in recent years if i have not mistaken.. when that "accounting harmonisation" really does occur, I think I've already retired with grandchildren and i won't bother to work anymore.. the future is uncertain.. no1 can predict it..


QUOTE
Troll with no facts. Just STFU and find info to post rather than ask genuine posters to read up. Ridiculous.

relax.. different people have different opinion..
student2
post Jul 7 2011, 01:52 AM

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QUOTE(Xeniouz @ Jul 7 2011, 01:22 AM)
Talking about harmonisation, US has already started to adopt IFRS in small stages.. but if UK insist to protect their own labour markets, nothing can be done about it.. and accounting harmonisation takes a lot of time to realise or maybe it won't even happen at all..just take a look at Sarbanes-Oxley Act 2002.. it was issued by Bush in 2002 but certain acts are only enforced a few years later and some in recent years if i have not mistaken.. when that "accounting harmonisation" really does occur, I think I've already retired with grandchildren and i won't bother to work anymore.. the future is uncertain.. no1 can predict it..
relax.. different people have different opinion..
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That joker wants to belittle me with his position. No profesionalism. ACCA grad put to shame.

What opinion? He just trolled me with an extra 'C' and mock me to read up. Joke.
Xeniouz
post Jul 7 2011, 02:17 AM

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QUOTE(student2 @ Jul 7 2011, 01:52 AM)
That joker wants to belittle me with his position. No profesionalism. ACCA grad put to shame.

What opinion? He just trolled me with an extra 'C' and mock me to read up. Joke.
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Actually my F8 lecturer told me before that there is a difference between Chartered and Chartered Certified but to what extent I'm not really sure.. Maybe it is just post-nominal difference or maybe not.. I'm not going to interfere with the argument between both of you..
student2
post Jul 7 2011, 08:49 AM

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If you understand their position is very simple. They just want to protect their own labour markets like any other country including MYS.

-------------

ACCA just want to amend their syllabus to reflect the changes in their CA 2006 and to make it more pertinent to their context. These changes are Statutory Audit Directives. Future everything will be INT variant; last few sittings for UK/ROI variant.



This post has been edited by student2: Jul 8 2011, 12:40 PM
jc87
post Jul 7 2011, 09:18 AM

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hi,is it compulsory for us to work at audit firm in order to gain 3 years working experience to be entitled as MIA or ACCA member? can we work at commercial as long as our superior is MIA or ACCA member?
student2
post Jul 7 2011, 04:55 PM

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QUOTE(jc87 @ Jul 7 2011, 09:18 AM)
hi,is it compulsory for us to work at audit firm in order to gain 3 years working experience to be entitled as MIA or ACCA member? can we work at commercial as long as our superior is MIA or ACCA member?
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Not compulsory.

However;

Big 4's experience more recognized than working in ABC Ltd.

If you work in ABC Ltd more likely you will just work on one set of a co's account and probably just focus on one reporting function (i.e. A/R).

If you work for Big 4; you will be expose to many different co's full set of accounts including group statements.

Work for big 4 as auditor; you will get your affliate membership faster.

But this is not relevant to this forum. Please dont go off topic. 10q

This post has been edited by student2: Jul 7 2011, 04:56 PM
TSnotmycupoftea
post Jul 7 2011, 07:26 PM

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QUOTE(kokming118 @ Jul 5 2011, 08:47 PM)
hi kel89, here is serious talk regarding ACCA/CAT tuition providers, comment on lecturers and exam/study tips. not for other ...  laugh.gif  hope you can understand
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QUOTE(student2 @ Jul 7 2011, 04:55 PM)
Not compulsory.

However;

Big 4's experience more recognized than working in ABC Ltd.

If you work in ABC Ltd more likely you will just work on one set of a co's account and probably just focus on one reporting function (i.e. A/R).

If you work for Big 4; you will be expose to many different co's full set of accounts including group statements.

Work for big 4 as auditor; you will get your affliate membership faster.

But this is not relevant to this forum. Please dont go off topic. 10q
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should I amend
QUOTE
*Strictly on serious talk regarding ACCA/CAT tuition providers
*comment on lecturers
*exam/study tips
?

coz if we look at ACCA V6 ACCA V5 etc etc, there were some discussion about working life as an auditor, future of ACCA, ACCA as a career.....
I think it's relevant. if everything is about exam tips and lecturers, the fresh graduates of ACCA will be really "fresh", minimum exposure to real life.

QUOTE(Xeniouz @ Jul 6 2011, 07:12 PM)
out of thread's topic but i'm very curious also.. so now what exactly is happening between Elitejaya and Greencity (formerly known as OIC)..
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it's not out of topic, it's about ACCA tuition providers laugh.gif


kokming118
post Jul 7 2011, 08:12 PM

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QUOTE(notmycupoftea @ Jul 7 2011, 07:26 PM)
should I amend
?

coz if we look at ACCA V6 ACCA V5 etc etc, there were some discussion about working life as an auditor, future of ACCA, ACCA as a career.....
I think it's relevant. if everything is about exam tips and lecturers, the fresh graduates of ACCA will be really "fresh", minimum exposure to real life.
it's not out of topic, it's about ACCA tuition providers  laugh.gif
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but is related to to acca tuition provider NOT us biggrin.gif ... why not ur ask ian and daniel if your really want to know ? no offense
TSnotmycupoftea
post Jul 7 2011, 08:50 PM

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QUOTE(kokming118 @ Jul 7 2011, 08:12 PM)
but is related to to acca tuition provider NOT us  biggrin.gif ... why not ur ask ian and daniel if your really want to know ? no offense
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if u are the students of these colleges, u think u'll not be affected?
sharing is caring mah, if any students have the insider info, why not sharing?
u think Ian n Daniel will entertain u personally?
Xeniouz
post Jul 7 2011, 10:27 PM

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QUOTE(notmycupoftea @ Jul 7 2011, 08:50 PM)
if u are the students of these colleges, u think u'll not be affected?
sharing is caring mah, if any students have the insider info, why not sharing?
u think Ian n Daniel will entertain u personally?
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lol i'm not interested in what happened to both of the colleges.. i'm rather interested in what is happening between Ian and Daniel [this is the off topic part hmm.gif ]..
student2
post Jul 7 2011, 11:03 PM

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QUOTE(Xeniouz @ Jul 7 2011, 10:27 PM)
lol i'm not interested in what happened to both of the colleges.. i'm rather interested in what is happening between Ian and Daniel [this is the off topic part  hmm.gif ]..
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In MYS everyone wants to be their own boss. This type of case so typical. What's so interesting?

This post has been edited by student2: Jul 7 2011, 11:18 PM
Xeniouz
post Jul 7 2011, 11:44 PM

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QUOTE(student2 @ Jul 7 2011, 11:03 PM)
In MYS everyone wants to be their own boss. This type of case so typical. What's so interesting?
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it's human nature to be nosy biggrin.gif

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