08-29-2009, 01:50 AM
Dear prince adi
First of all, both CA(ICAP) and CMA(ICMAP) are well respected designations in Pakistan.
As student of accounting, you and other new students would soon learn that their is no absolute solution available in this world which would solve every issue and which would be applicable in every situation and in every country. Same is the case with accounting designations world wide.
For example, CPA (AICPA) is a prime accounting designation in USA but not the prime one in other countries. Similarly, ICAEWs CA is also prime designation in UK, but does not have the same worth in other countries. Each country respects its own designations first. So, when members of such designations go to other countries, they may get jobs based on their experience, but would not have same prestige as the designation holders of that specific country (i.e. new country). So, to have the same prestige in new country, they try to get new country's designation by any means. This process takes some time and lot of efforts, time, and energies/resources. The length of this process and efforts required depend upon what kind of formal acceptance arrangement (like MOU, MRAs, Reciprocity etc.) the first designation (of previous country) has with the second designation (of new country).
So, one of the objectives of my posts for new students of accounting in Pakistan is to educate them about their goals and expectations from their designations which they are pursuing, their objectives in life, and available plans and options to get those objectives. Thus, they can plan ahead of time, in quite early and energetic age, when they are living with their parents and have no or minimal responsibilities. So, they can utilize their time and efforts in effective and efficient way, according to their future goals and expectations. It would save them standing in a new country with a wife, some kids, many responsibilities, demands etc. etc. with less flexible remaining available options.
You are on right track by planing ahead of time, so you can figure out your available options for your objectives in life. Thus, you may prepare your road map and work for those.
Dear, I don't wanna influence your decisions about your own life. My objective is just to educate new students about the strengths and weaknesses of available qualifications in Pakistan and to tell them about available options in life, so they can take well informed decisions. But I would appreciate, if they do it by themselves, rather than asking myself or someone else, so they would be responsible for their own decisions. I want them to have and develop strength of taking their decisions.
After module D, you may start leftover courses of ACCA (after exemptions basis of module D)alongwith remaining exams of CA(ICAP) and with articleship. Remaining exams of ACCA would be easy as compared to starting CFA alongwith completing CA(ICAP) remaining modules.
CFA is a different field, which you may start, after at-least completing any of CA or ACCA. Concurrent study of CFA with any of other two would be much hard.
I hope it helps.
Best Wishes
First of all, both CA(ICAP) and CMA(ICMAP) are well respected designations in Pakistan.
As student of accounting, you and other new students would soon learn that their is no absolute solution available in this world which would solve every issue and which would be applicable in every situation and in every country. Same is the case with accounting designations world wide.
For example, CPA (AICPA) is a prime accounting designation in USA but not the prime one in other countries. Similarly, ICAEWs CA is also prime designation in UK, but does not have the same worth in other countries. Each country respects its own designations first. So, when members of such designations go to other countries, they may get jobs based on their experience, but would not have same prestige as the designation holders of that specific country (i.e. new country). So, to have the same prestige in new country, they try to get new country's designation by any means. This process takes some time and lot of efforts, time, and energies/resources. The length of this process and efforts required depend upon what kind of formal acceptance arrangement (like MOU, MRAs, Reciprocity etc.) the first designation (of previous country) has with the second designation (of new country).
So, one of the objectives of my posts for new students of accounting in Pakistan is to educate them about their goals and expectations from their designations which they are pursuing, their objectives in life, and available plans and options to get those objectives. Thus, they can plan ahead of time, in quite early and energetic age, when they are living with their parents and have no or minimal responsibilities. So, they can utilize their time and efforts in effective and efficient way, according to their future goals and expectations. It would save them standing in a new country with a wife, some kids, many responsibilities, demands etc. etc. with less flexible remaining available options.
You are on right track by planing ahead of time, so you can figure out your available options for your objectives in life. Thus, you may prepare your road map and work for those.
Dear, I don't wanna influence your decisions about your own life. My objective is just to educate new students about the strengths and weaknesses of available qualifications in Pakistan and to tell them about available options in life, so they can take well informed decisions. But I would appreciate, if they do it by themselves, rather than asking myself or someone else, so they would be responsible for their own decisions. I want them to have and develop strength of taking their decisions.
After module D, you may start leftover courses of ACCA (after exemptions basis of module D)alongwith remaining exams of CA(ICAP) and with articleship. Remaining exams of ACCA would be easy as compared to starting CFA alongwith completing CA(ICAP) remaining modules.
CFA is a different field, which you may start, after at-least completing any of CA or ACCA. Concurrent study of CFA with any of other two would be much hard.
I hope it helps.
Best Wishes