01-07-2004, 07:13 AM
i want to know from you guys that a acma student should join a ca firm for experience or not?
regards
regards
01-07-2004, 07:13 AM
i want to know from you guys that a acma student should join a ca firm for experience or not?
regards
01-07-2004, 06:24 PM
Assalamu Alikum
well it is always fruitful to join articleship as it provides u practicle experience of industry and also develops ur professional attitued expanding ur knowldge base which certainly will increse ur indutry value. but the problem is that u ll have to cost another 4 years which may or may not be affrodable to u so all it depends upon ur financial position. If u cant affoard to go for another 4 year and still want to expand ur qualifiction i think ACCA would be the best suit to u while joining the industry. Regards. Shani.
01-07-2004, 07:43 PM
salaam all,
hey JANJUA_CMA, if u mean by "joining a CA firm" tht u start ur "articleship" there n take exams for becomming ACA, thn i dont approve this idea. but if u mean tht u get, say, a job there ... thn i think a ca firm can b an excellent place 2 get core experience of accounting, taxation n many other aspects of any type of business. my point in denying articles in ca firm is simply tht u r never sure as how many years it will take u 2 get ACA ... n during all this session, u will b on stipend ... let us say u get ur ACA in 4 yrs (2 b very lucky!!!) ... thn i think tht if u were doing a job (not articles) there or in ne other industry, u could have got so much promotions n increments in salary plus other fringe-benefits etc etc etc .... n above all, u have a respectable ACMA initials after ur name ... thn why not 2 start a proper profession right after it??? why 2 sacrify another 4 (always more thn 4 in practical) yrs 2 get another qualification??? i think u should think abt some other qualifications tht u might continue alon with ur job (if u really wanna continue more education) ... eg, CFA is a good idea!!! it dznt need "articles" .... n in the end, if u were so keen abt becomming ACA, thn u should have gone for it right after ur intermediate/A-levels ... i think tht, NOW, u should think abt on-the-job-qualifications if u r interested in really. forget articles, start on ur career ... get exposure of industries n businesses ... take ur own decision ... FARHAN
01-07-2004, 08:14 PM
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salaam all, hey JANJUA_CMA, if u mean by "joining a CA firm" tht u start ur "articleship" there n take exams for becomming ACA, thn i dont approve this idea. but if u mean tht u get, say, a job there ... thn i think a ca firm can b an excellent place 2 get core experience of accounting, taxation n many other aspects of any type of business. my point in denying articles in ca firm is simply tht u r never sure as how many years it will take u 2 get ACA ... n during all this session, u will b on stipend ... let us say u get ur ACA in 4 yrs (2 b very lucky!!!) ... thn i think tht if u were doing a job (not articles) there or in ne other industry, u could have got so much promotions n increments in salary plus other fringe-benefits etc etc etc .... n above all, u have a respectable ACMA initials after ur name ... thn why not 2 start a proper profession right after it??? why 2 sacrify another 4 (always more thn 4 in practical) yrs 2 get another qualification??? i think u should think abt some other qualifications tht u might continue alon with ur job (if u really wanna continue more education) ... eg, CFA is a good idea!!! it dznt need "articles" .... n in the end, if u were so keen abt becomming ACA, thn u should have gone for it right after ur intermediate/A-levels ... i think tht, NOW, u should think abt on-the-job-qualifications if u r interested in really. forget articles, start on ur career ... get exposure of industries n businesses ... take ur own decision ... FARHAN <hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote> Correction... One needs 'three years' work experience with CFA, which can be done before, during or after your studies.
01-08-2004, 02:06 AM
I think there is also requirement for ACMAs to have a 3 years articleship, i dont know whether it is after qualifying ACMA or before.
anyways, training at a CA firm is very beneficial as compare to job, as you find opportunity to understand the system of each and every department of the concern, i.e. when u fill out control analysis forms (CAFs) to evaluate the internel controls of the concerns. so dear Janjua, if can manage your timings then u must join CA firm for experience. SMR
01-08-2004, 07:24 PM
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salaam all thnx, sumaaan, for reminding me ... yse CFA, like most of the other qualifications, demands a three-year-work-experience n it can b obtained b4, during, or after completion of CFA exams ... bt AIMR imposes an upper limit for getting this if u have completed the pprs n yet lagging behind in experience ... i dont remember this limit at the moment ... i shall appreciate it if u could tell us abt it. </font id='Verdana'> FARHAN
01-09-2004, 05:55 AM
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<font face='Verdana'> salaam all thnx, sumaaan, for reminding me ... yse CFA, like most of the other qualifications, demands a three-year-work-experience n it can b obtained b4, during, or after completion of CFA exams ... bt AIMR imposes an upper limit for getting this if u have completed the pprs n yet lagging behind in experience ... i dont remember this limit at the moment ... i shall appreciate it if u could tell us abt it. </font id='Verdana'> FARHAN <hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote> Upper limit?... I don't understand specifically what you're talking about, or might be that I do not have information on it... If you know, please elaborate.
01-09-2004, 11:28 PM
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salaam all hey sumaaan, i meant 2 say tht 3-yr-experience for CFA can b obtained b4, during or after completing the papers ... but a condition applies tht if u have passed all the papers, ie completed the course of CFA, but u have not yet acquired the 3-yr-experience, then u have certain number of years within which u have to do this experience, ie, u cannot hang arround for ever after ur papers r cleard ... u have to gain this experience within a limit afetr u r done with ur exams .... this is the case whn u r done with ur CFA pprs but lagging in experience ... but if u have not completely passed all the pprs, this condition dznt apply n u can take the things according 2 ur pace ... n prob ... bt once u r done with the exams (passed all pprs), an upper limit is imposed. same is the case for joining CFA program, u have to join/regieter in CFA program b4 the december 31 of the same year in which u got ur last degree ... ie, if u got graduation degree on june 30,1995, thn u have 2 join CFA b4 or on dec.31,1995. similarly, if u got ur masters on nov.2000 thn u can join CFA by dec.31,2000 ... this will b the dead line for u ... i read it some where on the website www.aimr.org </font id='Verdana'> FARHAN
01-10-2004, 06:15 AM
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<font face='Verdana'> salaam all hey sumaaan, i meant 2 say tht 3-yr-experience for CFA can b obtained b4, during or after completing the papers ... but a condition applies tht if u have passed all the papers, ie completed the course of CFA, but u have not yet acquired the 3-yr-experience, then u have certain number of years within which u have to do this experience, ie, u cannot hang arround for ever after ur papers r cleard ... u have to gain this experience within a limit afetr u r done with ur exams .... this is the case whn u r done with ur CFA pprs but lagging in experience ... but if u have not completely passed all the pprs, this condition dznt apply n u can take the things according 2 ur pace ... n prob ... bt once u r done with the exams (passed all pprs), an upper limit is imposed. same is the case for joining CFA program, u have to join/regieter in CFA program b4 the december 31 of the same year in which u got ur last degree ... ie, if u got graduation degree on june 30,1995, thn u have 2 join CFA b4 or on dec.31,1995. similarly, if u got ur masters on nov.2000 thn u can join CFA by dec.31,2000 ... this will b the dead line for u ... i read it some where on the website www.aimr.org </font id='Verdana'> FARHAN <hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote> Let me quote the exact wordings from the AIMR website To register in the CFA Program, an applicant must * Have a US bachelor's degree or comparable non-US degree. The degree requirement is self-reporting. An applicant must receive a bachelor's degree no later than 31 December of the current examination year to qualify for entrance into the CFA Program. If an applicant does not have a degree, qualified professional work experience totaling at least four years may be acceptable. Eligible professional experience for entrance to the program instead of a degree does not have to be investment related; summer, part-time and internship positions do not qualify. Employment dates and (month and year) and a detailed description of for all current and previous positions must be included with the Registration & Enrollment Form. An applicant may also apply for entrance to the program with a combination of college/university and professional work experience that total at least four years. (The four-year total must be accrued by the application date.) Details must be included with the Registration & Enrollment Form. If a student does not meet the degree requirement by 31 December of the examination year, his or her candidacy will be cancelled, examination results will be voided, no refund of submitted registration and enrollment fees will be issued, and he or she will need to register again and pay all applicable fees to re-enter the program.<b></b>
01-13-2004, 11:42 AM
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote>
<BLOCKQUOTE id=quote><font size=1 face="Verdana, Tahoma, Arial" id=quote>quote<hr height=1 noshade id=quote> <font face='Verdana'> salaam all hey sumaaan, i meant 2 say tht 3-yr-experience for CFA can b obtained b4, during or after completing the papers ... but a condition applies tht if u have passed all the papers, ie completed the course of CFA, but u have not yet acquired the 3-yr-experience, then u have certain number of years within which u have to do this experience, ie, u cannot hang arround for ever after ur papers r cleard ... u have to gain this experience within a limit afetr u r done with ur exams .... this is the case whn u r done with ur CFA pprs but lagging in experience ... but if u have not completely passed all the pprs, this condition dznt apply n u can take the things according 2 ur pace ... n prob ... bt once u r done with the exams (passed all pprs), an upper limit is imposed. same is the case for joining CFA program, u have to join/regieter in CFA program b4 the december 31 of the same year in which u got ur last degree ... ie, if u got graduation degree on june 30,1995, thn u have 2 join CFA b4 or on dec.31,1995. similarly, if u got ur masters on nov.2000 thn u can join CFA by dec.31,2000 ... this will b the dead line for u ... i read it some where on the website www.aimr.org </font id='Verdana'> FARHAN <hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote> Let me quote the exact wordings from the AIMR website To register in the CFA Program, an applicant must * Have a US bachelor's degree or comparable non-US degree. The degree requirement is self-reporting. An applicant must receive a bachelor's degree no later than 31 December of the current examination year to qualify for entrance into the CFA Program. If an applicant does not have a degree, qualified professional work experience totaling at least four years may be acceptable. Eligible professional experience for entrance to the program instead of a degree does not have to be investment related; summer, part-time and internship positions do not qualify. Employment dates and (month and year) and a detailed description of for all current and previous positions must be included with the Registration & Enrollment Form. An applicant may also apply for entrance to the program with a combination of college/university and professional work experience that total at least four years. (The four-year total must be accrued by the application date.) Details must be included with the Registration & Enrollment Form. If a student does not meet the degree requirement by 31 December of the examination year, his or her candidacy will be cancelled, examination results will be voided, no refund of submitted registration and enrollment fees will be issued, and he or she will need to register again and pay all applicable fees to re-enter the program.<b></b> <hr height=1 noshade id=quote></BLOCKQUOTE id=quote></font id=quote><font face="Verdana, Tahoma, Arial" size=2 id=quote> Sumaaan, I would be gratified if you could comment on my below stated query, One of my really good mate wants to work for Investment Banks within the Corporate Finance / Advisory side of the industry. He is in his penultimate year of study and therefore exploring various career paths in the IB. He wants to know whether he should take the Investment Management Certificate, a professional qualification, from the UK Society of Investment Professionals or not. He reckons quite rightly that the rationale behind his proposed endeavour is the fierce competition of graduates for the IB opportunities, and therefore, by having a slight advantage he could be better placed in the application process. I also, on his behalf, enquired the same question from the graduate recruitment representative of the Deutsche Bank, a leading German investment bank, and the lady said that although every year very few graduates surprise them by having professional qualifications but she further said it should not imply that you go ahead and do those qualification. And just to give you further insight into the IMC qualification, itâs believed to be the initial stage of the CFA, which as thought universally leading qualification for investment professionals. Please comment on the above. AHSAN
01-14-2004, 06:09 AM
If a strong competition exists for graduates in Investment Banking opportunities, he should try to attain something which would give him an edge over others... Going for IMC is not a bad idea considering that he doesn't want to do a whole proper study for a qualification which would consume a lot of time (CFA), and rather wants to focus more on experience/job... I don't have much idea about the worth of certifications like IMC, maybe some others too exist which are better than IMC, so actually I don't know much about it... But having an extra qualification/certification in the field your friend wishes to explore is certainly a plus point.
01-16-2004, 02:14 AM
hi fasi its zeeshan.zeeshan zulifqar.its alwas better and its better for u to join CA firms go there
Good luck Regards, Shani. Zeeshan Zulifqar(ICMAp) |
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