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Business ACCA V5!, Long live bean counters! :D

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starz92
post Jan 19 2010, 02:02 PM

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hi.i am from penang and i decided to do CAT~ACCA.Any suggestion on good college at penang for these courses? thanks
starz92
post Jan 19 2010, 02:46 PM

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QUOTE(~Mew~ @ Jan 19 2010, 02:20 PM)
Depends on which paper you want to take for ACCA i would say then only from there you choose the recommended lecturer. I'm ex-PTPL and currently in Sentral Technology college
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how about for CAT courses first?
starz92
post Jan 19 2010, 03:13 PM

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[quote=shiloong7081,Jan 19 2010, 02:49 PM]
I took CAT there, the lecturers were quite good and helpful. I was in the January intake, so my class only had 5 students, and the lecturers were able to guide us personally.

u mean PTPL?
starz92
post Jan 19 2010, 03:26 PM

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QUOTE(~Mew~ @ Jan 19 2010, 03:16 PM)
I think he mean Sentral. Maybe you can check here or contact sentral for more info
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how about disted? anyone took CAT~ACCA course at disted? how was it?
starz92
post Jan 21 2010, 11:20 PM

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QUOTE(`twinkles @ Jan 21 2010, 09:59 PM)
I was an TARC student, so I can provide you with some information regarding TARC ACCA. Basically, your daughter will be able to catch up with TARC syllabus if she didn't have any accounting knowledge at all. Many students without accounting knowledge went and study accountancy. But then she will be able to determine the accounts entries better if she had studied accounting in secondary(that's what I got from my observation).

TARC doesn't offer CAT but the students will have to start with diploma. When she has completed her diploma, she will be able to get exemption for 5 papers. If she proceeded to advanced diploma, she will be able to gain exemption for all the fundamental papers. TARC fees are really cheap, around RMRM700++ to 1k++ per semester and if your daughter is smart with at least 9A's she'll get 100% scholarship. 8A's would get her 75% scholarship. Besides there are also Star and other scholarships. If she graduated from diploma with at least CGPA 3.85 she'll continue getting the 100% scholarship. The advantage of studying in TARC is that the fees are really cheap but the downside is not all the lecturers are good since we cannot choose who to follow. KL colleges have way better lecturers.

You can apply for PTPTN loan for TARC ACCA course. There are many other loans you can apply also.
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Diploma in accounting+Advance diploma followed by ACCA in TARC will take 5 years right?How much is the estimated price for that?
thanks smile.gif


Added on January 21, 2010, 11:54 pmHi again,anyone here can suggest me for scholarship and loan that will be available for CAT and ACCA courses? Most scholarship state diploma/degree in accounting but how about CAT and ACCA? PTPTN loan does not offer for these courses right?

This post has been edited by starz92: Jan 21 2010, 11:54 PM
starz92
post Jan 22 2010, 12:02 PM

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QUOTE(shiloong7081 @ Jan 22 2010, 10:43 AM)
thestar and sinchew offers scholarship for CAT and ACCA, you can find them in their respective papers. AFAIK, Sentral also offers a 30% discount on tuition fees as long as you get a certain number of As.
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thanks.those scholarship offered by lets say The Star,is it full scholarship?
starz92
post Jan 27 2010, 11:39 PM

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Is kaplan book obtainable at normal bookstore?
starz92
post Feb 10 2010, 10:00 PM

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Hi,I am going to enroll in CAT courses this coming March.I heard that the cons if go direct CAT to ACCA without a degree is that if you fail your ACCA you are considered as SPM leaver only.I thought the ACCA most difficult part is the advance level?Upon completing fundamental level of ACCA,one can apply for a degree from OBU by doing some coursework guided by mentor right?So,if one fail at ACCA's advance level,he should be able to get a job with that degree right?Then what are the con if go direct from CAT to ACCA?Please correct me if i am wrong.

Sorry if i post in the wrong section
starz92
post Feb 11 2010, 11:32 AM

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QUOTE(Topace111 @ Feb 10 2010, 11:50 PM)
You are correct in every sense.

MNC will accept only degree holders (cos they dont know how acca works). Another reason is that almost anyone can "study" acca but not everyone can pass but certain employers thought "if any tom,d*** & harry can take, is there any exclusiveness compared to CFA or ICAEW".

If you enter Big4 or audit firms you will be highly admired by degree holders. But if you are applying jobs is the opposite especially if you have no experience.

Difficulty is different to anyone, maybe its easy for you  biggrin.gif
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If so,what are the cons if one go from CAT to ACCA compared to those go for a degree then ACCA? smile.gif
starz92
post Feb 11 2010, 12:10 PM

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QUOTE(Topace111 @ Feb 11 2010, 11:34 AM)
Ok I guess some of you guys have not applied for jobs before so I will give some hindsight from acca point of view.

Most MNC will require you to use their online application system (namely uses system of Taleo). Try some companies like Sime Darby, Petronas, Accenture,......etc. You will come to a column which states qualification possessed. You will not find professional qualification there, only degree, master or PHD. That clearly states their preference for degree holders. The only equivalent to professional qualification is professional certificate and that is below diploma. Reason being the HR people although they value ACCA holders but they prefer to groom them to be one instead of hiring one straightaway unless that person already has some experience. To counter that, 2 things :
1) A powerful resume or cover letter or
2) A degree (OBU) but they do not really recognise one but that will allow you to pass their initial entry system.

Another thing is that there are more US MNC than UK ones and they prefer their own CPA or degree rather than ACCA but acca is still acceptable but just less preferable. MNC prefer all rounded fresh graduates or professional qualification holders with some experience.
Newpaper does quote correctly about professional qualification but its actually : Professional holders. Means that you are already member not affiliate. With experience acca holders are more recognised compared to degree + experience but if you start from fresh graduates point of view, everybody is anybody.

Unless you apply to audit firms then its a different issue. They need professionals hence the recognition but since they dont need bond to stay at the firm, degree holders are still in contention.

The fastest way to gain recognition is to enter Platinum or maybe Gold certified employer. Audit firm is the fastest (ie : Big4). ACCA states minimum 3 years but it may take around 5 especially if working with commercial or small audit firms. Got pros & cons.
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Thanks for that,really shed some light on me.If one work at audit firm for lets say four years,is that 4 years counted as working experience when he apply for a job in MNC?
starz92
post Feb 11 2010, 02:01 PM

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QUOTE(Topace111 @ Feb 11 2010, 01:30 PM)
It depends which industry you audit, if you audit bank but apply for IT MNC then hardly relevant but still ok.
but its the skills you gained and network rather than the audit knowledge. They price what you know about other company controls and system. And ability to digest loads of dung. It also depends what position you are applying for.
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Thanks again smile.gif
starz92
post Feb 25 2010, 09:48 AM

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Hi all,can i know what's the difference between ICAEW and ACCA?Which one is a better qualification?Is ACA qualification=ICAEW qualification?

starz92
post Feb 25 2010, 08:50 PM

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QUOTE(Topace111 @ Feb 25 2010, 02:54 PM)

I don’t like acca, why ? It gave me a passport straight to hell faster than anyone else.
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Working really like hell?
If I get a degree from overseas in accounting,then i can go for ACA(ICAEW)?
starz92
post Feb 26 2010, 12:59 PM

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QUOTE(Topace111 @ Feb 26 2010, 11:10 AM)
You can check with ICAEW website for exemptions. They put a list of all the top universities in the world so you can check whether that degree is gains a lot of exemption. for degree normall only 3 to 4 papers exemption. For acca affiliate can get up to 11 or 12 papers exemption unless you chose perfomance management as optional since ICAEW doesnt recognise that paper. Only tax, finance or audit from 4 optional.

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So after ACCA,one can actually further pursue on ICAEW? Is it common for people to do so?
starz92
post Feb 26 2010, 06:05 PM

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thanks topace for the info

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