ACCA without P7 is like an ordinary business degree.

You should take P7 if you intend to be in the audit line.

Alot of countries require P7 to actually practise as an auditor.

like the cheapest i heard for Sunway OBU is around RM4k, sometimes up to RM5k.
KSA students already have to pay RM3k+ for the OBU.
College Bandar is the cheapest i've heard, around RM1.8k.

really? Sentral here only need to pay RM650

what???!!! mentor fees woh!!! RM650??!?!!
how can that be possible??!!

then what's the pass rate for the OBU in Sentral?
in KL u can hear the lecturers said "100% pass rate" for OBU

i din take but it's RM650 as told by Spencer on wed night during P5 class

p/s:correction...it's RM750 as im talking with Spencer right now via FB chat

This post has been edited by tzxsean: Jul 22 2011, 11:08 PM

Anything to back that up ?

no offence but a professional qualification is never like an ordinary business degree even if without P7.. there is a valid reason on why P7 is an optional paper..

the countries which require P7 to obtain ACCA practising certificate are UK, Republic of Ireland & Cyprus only.. and you have to take the specific variant of P7 for these countries.. for other countries, ACCA is silent on whether you should take P7 or not..

UK, ROI & Cyprus

Other parts of the world

nevertheless it is still advisable to take P7 if you intend to go for audit.. usually the recommended combination would be:
a. P6 & P7 - if you are sure that you want to enter audit/taxation field forever
b. P4 & P7 - you will have the choice of entering investment banking/ audit
c. P4 & P5 - if you do not wish enter audit at all (but some audit firms still do hire these candidates)

how bout p5 & p7?

i think p5 and p7 is still okay.. when ur cv have p7, at least the employer knows that u have some knowledge in auditing.. audit is always a well sought after skill.. for p5 i'm not sure what value it will add to your cv..

unlike p5 and p6 which is a very odd combination.. p6 subject to changes in taxation laws making it quite irrelevant if u do not keep up to date as often as possible..

but in the end, working experience counts the most.. after coming out for work, the skills that you have developed will be the most crucial factor for success..

This post has been edited by Xeniouz: Jul 23 2011, 01:56 AM

well...in my tuition provider
they dun provide p4

and i was exempted from F6
so i din take P6 because I don't have the basic

choose whichever paper u feel comfortable at

but u guys don't get me wrong.. i'm not condemning p6.. if you manage to keep abreast of taxation laws and regulations, u could be a tax expert like one of the famous ACCA lecturers, Choong Kwai Fatt.. i bet he made a lot of money already..

FYI the ACCA qualification without OBU is just a certificate; I would say that a certificate is even more inferior than a diploma.

ACCA is an institute not an university; therefore they cannot confer degrees.

OBU was introduced due to this reason among others.

Alot of local accounting institutes are slowly derecognizing ACCA because ACCA graduates lack reputable degrees.

Most of those who have reputable degrees would op to take ICAEW. ICAEW have more MRA's compared to ACCA.

There are reputable business degrees which are superior compared to ACCA's certificate; some to the extent that it is immediately recognized by a local accounting institute (i.e. NUS and NTU business/accounting degrees recognized by the CPA SG).

ACCA qualification is a mixture of business knowledge and accounting knowledge. Accounting knowledge is also part of business knowledge.

Most business degrees have accounting as a core requirement but not Audit. To study for ACCA is to study for Audit. Without Audit it's just like any other business degree's syllabus without the status.

So make sure you study audit because ultimately that is what you are taking ACCA for; to have the extra edge to practise as an auditor. I have seen alot of people who takes ACCA and think otherwise; ultimately they drop the ACCA qualification and get involved in a regular commercial role (i.e. sales) or even lecturing.

P/s: Don't ask me to cite my information as most of it is available in the respective accounting institutes, the internet and some deduction based on my tacit knowledge. Also, my info might not be accurate to the dot so don't take it as the gospel truth.

This post has been edited by student2: Jul 23 2011, 02:36 AM

i only have adv dip
and i dun have much interest in audit

1 of the reason why i took acca instead of degree
was because of family financial issue
I oso want to have fun in degree life
but situation does not permit me to
however, degree or watever is just a piece of paper
ur ability is the most important part

This post has been edited by tzxsean: Jul 23 2011, 02:23 AM

I dont agree on your last statement. Ability without that piece of paper will get you no where. I have never seen any CEO or top management people without that piece of paper. There are exceptions but its a rarity.

On the other hand, with that piece of paper even without the ability you still can earn a decent living.

This post has been edited by student2: Jul 23 2011, 02:58 AM

lol.. if ACCA certificate is even more inferior than a diploma/degree, then why those with diploma/degree have to get exemptions from ACCA instead of the other way round.. i have a diploma in accounting and i noticed that the syllabus covered are from F1 - F9 but slightly easier than ACCA.. degree is never the same as professional qualification..
actually most degree holders can only prove that they have money to get the certificate..

Despite some of the facts u said are true, like:

1. ACCA is an institute not a university; therefore they cannot confer degrees.

2. Most of those who have reputable degrees would op to take ICAEW. ICAEW have more MRA's compared to ACCA.

3. There are reputable business degrees which are superior compared to ACCA's certificate; some to the extent that it is immediately recognized by a local accounting institute (i.e. NUS and NTU business/accounting degrees recognized by the CPA SG).

but for business degrees, the accounting knowledge covered is very shallow.. how can it be compared to ACCA qualification in terms of accounting.. it would be different if u take an accounting degree (accounting degrees do have audit in their syllabus as well), but most of the degrees can be easily gained except for some of the reputable ones.. ACCA is a professional qualification that makes you an all rounder..

ACCA is also another route for further education.. there are actually some people who actually took ACCA and further their studies in CFE, CFA etc.

basic audit has already been covered in paper F8, thus, majoring in audit is an option.. the optional papers are purely options.. not necessarily that u must take P7.. i have even seen a person with CIMA opening up his own audit firm..

i've actually heard of CEOs and directors without any qualification.. it is just that u have not met any of them.. there was once an interview with a general manager of a 5 star hotel who does not possess any qualification that came out in star newspaper.. when u come out to work its not all about qualification bro.. u must have contact, the right communication skills, ability, and also luck.. there are also some people with excellent qualification but work like slaves.. i personally have a friend with spm qualification only but working as a manager already.. the reason is because he is very persuasive.. my bro also got a friend without any qualification but he managed to be the sole distributor of a "hot" product which i shall not name it for privacy purposes..

This post has been edited by Xeniouz: Jul 23 2011, 03:12 AM

Exemptions are given to avoid replication of studies rather than your insinuated point.

Most reputable degree holders (i.e. LSE, Harvard, MIT, Stanford, Oxford) are the elites of the academic field. It proves that you have the ability of Tiger Woods in his field as compared to yours. It doesn't simply mean you have the money to pay for the tuition.

A degree from a university is for life; you will never get deregistered.

ACCA is a practitioner based model institute therefore they are less academic in nature and are more vocational. They apply standards based on best industry practises and academic models from universities.

Despite what you said, degrees holders should be the all rounders and not ACCA holders as the latter is more technical and vocational.

CIMA members are slowly moving away from audit as it is not one of their main focus areas.

If you are right, I request that you name one PROFESSIONAL MANAGER from a fortune 500 company or FTSE that doesn't have at least a degree. Even if you do succeed, it will not constitute the majority.

The people that you cite are most likely OWNER MANAGERS therefore they are in a different category (i.e. entrepeneurs).
MYS Companies Act doesn't require any of the directors or shareholders to hold any academic qualifications; however major firms usually have HR policies that include an academic qualification as a criteria of hiring.

Like i mention before, that piece of paper is a prerequisite not ability.

I hope you get clarity from this.

This post has been edited by student2: Jul 23 2011, 04:41 AM

imagine that you are a fresh diploma holder and another person with ACCA qualification (fresh).. when both of you go for interview for a job.. the ACCA holder request for a salary of RM2,800 and then u request for RM3,000.. bro, who do u think the employer will hire.. a much harder to pass qualification or a mere diploma holder.. if everyone here say that they will hire the diploma holder i've got nth to say.. if i'm the employer i will give u a c**k stare (jk but seriously i will if it does happen)..

IMO the ranking would be diploma<normal degrees<ACCA<reputable degrees
If diploma is really superior to ACCA, i wouldn't bother studying ACCA right now..

i've already mentioned that there are exceptions for reputable degree holders.. maybe u misunderstood what i said.. i said most degree holders but not those with reputable ones..

seriously, i can't even name one professional manager from a FTSE company that does not have a degree.. but obviously these companies will hire people with reputable degree holders (these are the exceptions i mentioned) and some with professional cert..

but look at the bigger picture bro, (no offense)out of 10 how many people here will reach to the such level.. life is harsh.. politics will be everywhere.. not everyone is as ambitious as u.. maybe u will get to such level but not everyone could do so..

i don't understand ur last line.. what "piece of paper" are u referring to?

certificate<diploma<degree<masters<phd notwithstanding reputation and other confounding factors.

You didn't mentioned any exceptions, I did. And please keep it professional, keep personal aspect and vulgarities out of the discussion. You will sound like a troll to me.

You can't mention because you are not right and please don't throw in politics into the discussion. Strictly ACCA matters. Moderator please warn this poster.

-end of discussion-

This post has been edited by student2: Jul 23 2011, 05:06 AM

no lol.. u sound like a troll to me instead.. check your quote properly..

Despite some of the facts u said are true, like:

1. ACCA is an institute not a university; therefore they cannot confer degrees.

2. Most of those who have reputable degrees would op to take ICAEW. ICAEW have more MRA's compared to ACCA.

3. There are reputable business degrees which are superior compared to ACCA's certificate; some to the extent that it is immediately recognized by a local accounting institute (i.e. NUS and NTU business/accounting degrees recognized by the CPA SG).


highlight for u some more..

moderator please warn this poster..

---

Added on July 23, 2011, 3:01 pmwhy don't u defend yourself.. asking people not to use vugarity when you yourself is using the STFU word.. complaining people telling you to read up UK law but you yourself ask me to find a professional manager without a degree in FTSE 500 companies.. u think i'm so free to search for it?

This post has been edited by Xeniouz: Jul 23 2011, 03:01 PM

Anyone know where can get CAT question? I need more question to practice! Thx.