student
57 Points
Joined September 2010
guys i hav alrdy provided a reply under a thread: Is acca equal to our indian CA? tat wud b helpful, i guess.
Mr. Balu" the helping hand" have clearly pasted some of the ACCA homepage content.... i dnt knw how helpful is tat.... but here, am trying to help out those guys who hav a doubt on the scope of it.
1. if ur prority lies in having a career in auditin, taxation etc, and to work in India, I wud ask u to go ahead with Indian CA.
But, if u r interested to have a similar career abroad in the above mentioned areas
and in areas like: Investment Banking,ast Mgt, VC/P.E and other Financial Service Sector, u better arm urslf wit a CFA(U.S) FRM etc. Thus it wud be clearly very difficult to multi-task and pursue such qual wen u r doing Indian CA, as its not designed to allow an avg CA student to pursue a 'very less related' course lik cfa f.r.m etc,,,, unlike courses-- icwa,cs .....
and for those plannin to work abroad,, the fact that ACCA , CPA etc are globally respected professional accounting certificates,,, brings in more advantages, like u need not pursue a different country specific course,,, and the cours is sufficiently flexible to allow u to pursue other internationally certified courses lik CIMA, CMA, CIA ,CFP...etc etc...(..... i tell u, expct huge pay packages abroad if u r multi qual and with exp.....)
Fundamental Accounting subjects for both Indian C.A and ACCA are the same, except tat ACCA 1.sylabus is constantly reviewed and changed, and the 2.sylbs is very much application oriented and 3.its IFRS compliant.....For those who are doubtful,, i wud ask u to take the trouble and go thru the past Qns: and ANS of ACCA exams, from a book provider named BPP.... u wud defintly note the level of application needed to answer ACCA exams... to mak it more simple for u, jst go thru the AUDIT AND ASSURANCE(F8) QNS AND ANS prepared by BPP..... way application orientd unlik pure theory ..
But its also not so dificult to pass the exam as ACCA doent create artificial demand,, by restricting students on the basis of 'demand-supply' governed pass rates, as of now. as the course is globally accepted( 170 countries) and also because Individual Paper passing system is followed unlik Group Syatem.... but let me tell u,, this too has disadvntgs.....but all these are not a worrying fact as long as u r preparing to pass not fail.......
hop u wud tak the rit step........... watevr u chose,,,,,, ur caliber, soft skills, aptitude, attitude and knowledge is valued more than the qual u hold.......
gud luk
regards
JTM
CAclubindia
