CPA is also different case,
1) Entry requirement:
Also minimum a degree holder / other professional qualification which is why some say its more prestigious.
2) Difficulty:
Have asked quite a lot of people doin g it and most admit acca is tougher cos CPA don’t need study much but needs common sense and reasoning skills. Cos got MCQ. Not those easy ABCD though, got ED and sometimes 2 or 3 answers. My firm incorporate this idea in my firm training for accounting and audit standards. Quite difficult on its own way.
3) Reputation:
You want to work in US or Aust or for US / Aust MNC then CPA will be a good choice as they don’t recognized other papers that much or none at all. But Aust CPA is not US CPA both are different like MICPA and HKICPA. Malaysia have CPA too but since less common and not as prestigious so they just called MICPA.
ACCA reputation is worldwide but CPA recognition is only restricted to where you took it. So if you took Aust CPA but you want to worked in MYS, ACCA has higher preference. But let say you took US CPA and work in US you will have higher preferential treatment compared to normal acca graduates.
4) Fees:
Annual fees is cheaper (in Aussie) but since can only start after degree, its no longer practical for asian student (cos most are highly calculative) Sounds funny but that’s how we survived the the financial crisis. Still bleeding from it though.
If somebody have degree + CPA, its better than acca holder alone. But the main argument is tax & law . CPA follows the origin country. So if took aussie CPA, you will be learning Aussie tax & law not MYS one. ACCA follows the local guidelines.
Business ACCA V5!, Long live bean counters! :D
Feb 25 2010, 03:14 PM
Quote
0.0355sec
0.26
6 queries
GZIP Disabled