CA -|- Chartered Accountants Thread

I HATE ICAP.ACCA ALL THE WAY

---------- Post added at 12:58 AM ---------- Previous post was at 12:55 AM ----------

lol kiddin.dont mean to offend no one.

Lol, What do you wanna know? Im a CA finalist and a trainee at aff

alamode said:

Lol, What do you wanna know? Im a CA finalist and a trainee at aff

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Alamode I have a question.

Although I think that you are an audit trainee but try to answer my question if you can. I recently applied at aff Lahore in Consulting for the position of consulting assistant. I gave the test, was then called for the first interview and then the second/final one with the partner which was on last tuesday. The interview with the partner was only of 5 mins and was very informal at the end of which he made me read from a paper on firm policies. I haven't received any correspondence from the firm since then. Do you think I will get selected or not?


Edit: Never mind. Called today and didn't get in.

Rflame said:

Alamode I have a question.

Although I think that you are an audit trainee but try to answer my question if you can. I recently applied at aff Lahore in Consulting for the position of consulting assistant. I gave the test, was then called for the first interview and then the second/final one with the partner which was on last tuesday. The interview with the partner was only of 5 mins and was very informal at the end of which he made me read from a paper on firm policies. I haven't received any correspondence from the firm since then. Do you think I will get selected or not?

Edit: Never mind. Called today and didn't get in.

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Ouch. Dont worry too much though, If you get into a Big 4 firm then its fine..

And yeah im also in Advisory/Consulting

i am an unfortunate student of icap
currently stucked in mod c
mod a and b are cleared

---------- Post added at 01:35 AM ---------- Previous post was at 01:31 AM ----------

i just wanna quite ca, and wanna convert it into cima or acca.
cima giving me exemptions of 3 papers.
acca giving no expemptions,

so guide me which field should i choose?
acca or cima?

if i join acca then hnd seems a fast track
how abt the worth of acca both in pak and abroad?
how abt the worth of cima both in pak and abroad?

what are the pass rates of cima specifically for pak? ( i know global pass rate and pass rate of uk only).

desperately waiting for comprehensive reply

Pakiyoungster said:

i am an unfortunate student of icap
currently stucked in mod c
mod a and b are cleared

---------- Post added at 01:35 AM ---------- Previous post was at 01:31 AM ----------

i just wanna quite ca, and wanna convert it into cima or acca.
cima giving me exemptions of 3 papers.
acca giving no expemptions,

so guide me which field should i choose?
acca or cima?

if i join acca then hnd seems a fast track
how abt the worth of acca both in pak and abroad?
how abt the worth of cima both in pak and abroad?

what are the pass rates of cima specifically for pak? ( i know global pass rate and pass rate of uk only).

desperately waiting for comprehensive reply

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I would suggest to go for ACCA.. its a core qualification like CA.. Cima is more specialized towards management accounting. If you do CIMA you restrict your scope a little bit.. whereas if you go for ACCA, the scope is much wider.. You can go in Audit, management accounting, financial reporting, tax etc etc.

I havent seen alot of Cima qualified people in the industry though so cant comment but have seen alot of Accas and the worth of acca in pakistan is pretty poor. Salaries start from 15-20 thousand after qualifying ACCA on average. So if you do go for ACCA, i would suggest you also start job/training in some organization so that when you clear your ACCA you have some experience already otherwise you'll get problems in the industry.

alamode said:

I would suggest to go for ACCA.. its a core qualification like CA.. Cima is more specialized towards management accounting. If you do CIMA you restrict your scope a little bit.. whereas if you go for ACCA, the scope is much wider.. You can go in Audit, management accounting, financial reporting, tax etc etc.

I havent seen alot of Cima qualified people in the industry though so cant comment but have seen alot of Accas and the worth of acca in pakistan is pretty poor. Salaries start from 15-20 thousand after qualifying ACCA on average. So if you do go for ACCA, i would suggest you also start job/training in some organization so that when you clear your ACCA you have some experience already otherwise you'll get problems in the industry.

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u serious ??????????? just 15 to 20k salary for acca qualified in pak? a ca inter earns more then 30 to 40k bro.
how many papers are exempted in icaew after acca? any idea? can we give papers of icaew in pak?

Pakiyoungster said:

u serious ??????????? just 15 to 20k salary for acca qualified in pak? a ca inter earns more then 30 to 40k bro.
how many papers are exempted in icaew after acca? any idea? can we give papers of icaew in pak?

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Yes if you complete ACCA and have no experience, Then the starting is from 15-20. Thats why i would suggest to get some experience while doing ACCA as well so that when you qualify as an ACCA, you will have an edge over other ACCA students.

If you want to go for ICAEW after ACCA, then you need to give 3 papers of ICAEW provided that you have taken advanced tax and advanced audit as your optional professional papers. You can only give these 3 exams in pakistan.. If you dont give audit or tax as optional papers, Then you will have to give 5 papers of Icaew but since Icaew only offers 3 papers here in pakistan you will still have to give Audit and Tax in acca and then claim exemptions.

btw, where does CA inter earn more then 30 to 40k ? :S..

Pakiyoungster said:

u serious ??????????? just 15 to 20k salary for acca qualified in pak? a ca inter earns more then 30 to 40k bro.
how many papers are exempted in icaew after acca? any idea? can we give papers of icaew in pak?

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Alamode is right. ACCA qualification is not very popular these days. Being acca qualified alone is not worth much unless you have good 2-3 years experience after which you will be able to get higher salaries. But like alamode said, at start, after qualifying you will get 15-20k if you go into industry or stipend if you become a trainee at some firm. So if you do start ACCA, I would suggest that you also start working at some firm to get some experience. On the other hand, if you want to study full time, then take the maximum amount of papers you can to qualify ACCA in a lesser number of attempts as employers at firms will also be interested in that. I am telling you all this from first hand experience. I am ACCA qualified and no one at the college was there to provide me with any kind of guidance.


And ALamode, since you are in Advisory, could you please provide me with some info about the future of ERP in the country. Thanks.

Rflame said:

And ALamode, since you are in Advisory, could you please provide me with some info about the future of ERP in the country. Thanks.

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Well i dont have much information regarding ERP since i've not worked directly on ERP advisory but in my opinion it is also very limited in scope. ERP systems are very expensive and at the current only the largest organizations are able to afford these systems.. But in order to stay competitive, most organization will have to implement some sort of ERP systems in the future.

In AFF there's a different department which deals with ERP Advisory.. I think its called SPA (Systems and Process Assurance). How come you are curious about ERP?

annas92 said:

anybody exactly know salary of ca at entry level??? and of per-qualified ca, means one paper stuck of mod e or f

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Ca Qualified from a big 4 firm, Entry Salary around 65-90k
Ca Finalist with 1-2 papers remaining, Entry Salary around 45-70
Ca Finalist with 1-2 papers remaining, Employment in firm salary 35-40k.

Ofcourse it depends on the person as well. I know guys who have a few papers remaining and are earning 80k+ in the industry.

alamode said:

Lol, What do you wanna know? Im a CA finalist and a trainee at aff

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Which section?

Today was my first class.
I am studying one from A and two, maybe three, from B.
Welcome me

And don't tell me it is difficult

Also, how much time will it take for an 'average' kid to clear this thing

annas92 said:

^ what about not getting from big 4...........?
aren't they Ca's............???

p.s: dont think i am not expecting to get in big 4

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I didnt understand what you're asking..
In Big4 firms, If you qualify then after articles you earn around 80-90 (Assistant Manager) if you havent qualified and have a few papers remaining, Then you earn around 35-40 (Supervising Senior)
In industry you get around 90-100 for Qualified and for Unqualified around 45-70

mobeenalam said:

Which section?

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C

maryfarrukh said:

Today was my first class.
I am studying one from A and two, maybe three, from B.
Welcome me

And don't tell me it is difficult

Also, how much time will it take for an 'average' kid to clear this thing

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What do you mean you re studying one from A and 2 from B? :S

Well for an average student it takes around 2.5 to 3 years to clear A to D

alamode said:

Well i dont have much information regarding ERP since i've not worked directly on ERP advisory but in my opinion it is also very limited in scope. ERP systems are very expensive and at the current only the largest organizations are able to afford these systems.. But in order to stay competitive, most organization will have to implement some sort of ERP systems in the future.

In AFF there's a different department which deals with ERP Advisory.. I think its called SPA (Systems and Process Assurance). How come you are curious about ERP?

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Well I am just asking because one of my friends just got into that field and am just curious. You tell, are you in E or F module?

alamode said:

What do you mean you re studying one from A and 2 from B? :S

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I mean one subject from A, since English is exempted, and two from B. I plan to add Law, too, soon

Rflame said:

Well I am just asking because one of my friends just got into that field and am just curious. You tell, are you in E or F module?

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Currently in E.. Got just about more then a year to go till my articleship finishes

maryfarrukh said:

I mean one subject from A, since English is exempted, and two from B. I plan to add Law, too, soon

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Oh okay !