QUOTE(Liamness @ Jun 7 2021, 11:42 AM)
You need some form of accreditation to practice accounting, duh.
ACCA is not a degree. It's a professional course that anybody can do within 2 years or less. And you can start practice accounting concurrently whilst you complete the course. Meaning, you can apply for accountant jobs and just tell the company that you are completing the certs to qualify as an accountant.
Meanwhile, not everyone can get into an engineering degree. You need to meet the pre-requisites such as completed A level physics, chemistry, add maths, specialist maths.
There's a huge difference.
There is no ACCA equivalent for engineers. If you want to become an engineer, you need to do a 4 year engineering degree. And engineering firms will never hire somebody without a degree in engineering to do an engineer job. Period.
Perhaps your definition of "practicing" is different from mine.
To me, there are different levels of capabilities. Does a person:
0) not know anything in the field and cannot be taught at all?
1) need to be told what to do, when to do it, and how to do it?
2) need to be told what to do and can figure out how to do it himself?
3) can figure out what needs to be done and how to do it himself?
I can hire a person with your highly acclaimed 4-year engineering degree holder to do (1) or maybe even (2) while he pursue his accounting qualification. But no, he is not practicing accounting, and his remuneration will reflect this. This engineer turned accountant will never be put in charge of my company's books unless he can do (3). Similar to how your bridge project will never be awarded to a qualified engineer, your engineer turned accountant will never be tasked to audit 1MDB.
I can also hire a person with your highly acclaimed 4-year engineering degree to undertake an engineering project. Can he decide which system/machine/method is best for my company? Can he advice me when a system/machine is due for a maintenance/upgrade, or if its better to just change the system/machine altogether? If he just doing (1) or (2), and someone else needs to do the thinking and problem solving behind, I won't call him practicing engineering. My Indon workers can do (1) and (2) too. But they will never be put in charge of my engineering project until they can do (3).
If your argument is an engineer can easily move into accounting, then yes you are right. The barrier of entry into accounting is lower. But if you want to make the big buck, you must be a (3). And an engineer can't do (3) without first becoming an accountant.
In reality, I have not spoken to anyone who switched between these 2 profession and made it to (3). Although I have spoken to level 3 engineers who hoped they did accounting, I have never spoken to a level 3 accountant who hoped he did engineering. I have spoken to even more level 3 consultants, level 3 investment bankers, level 3 software developers etc who did accounting or engineering, and they don't really care about their education background.
Just sharing my experience.
Jun 7 2021, 11:24 AM
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