ACCA vs CA

[smraza]

It is the fact that you will find the most brilliant and dumb people in every profession.
I have seen lot of CAs who are not so brilliant in their profession, i have also seen un-qualified people having good professional skills as compared to CAs.
so just passing the exams doesnt make you an exceptional person, some born qualities do play an important role.
as i said earlier exceptions are there in every field, but if talk about a profession as a whole we donot take into considerations those exceptions,
now coming back to the topic, i.e. comparison of ACCA & CAs,
the basic crieteria in my opinion, is the salary drawn by the professionals, of course, average salaries, and Fresh Qualified CA (nowadays) is getting around Rs. 25K to 30K starting salary with car (on immediate joining and after 3 to 6 months in some cases)
but if we compare the same with ACCAs, the fresh qualified ACCAs are getting much lower than CAs, Reason behind the same is the ICAPs monopoly (already discussed), Lack of articleship (due to non existence of strict policy of articleship by ACCA) etc. etc.
But we will have to accept the fact that qualifying CA is much difficult as compared to ACCA, the reason is well known to all of us ( I am not underestimating the passing of ACCAs).
As i have already mentioned in my earlier posts, that ACCAs are capturing the pakistani markets day by day. We hope to see the ACCAs in practice in future, then we will be able to actually compare both the professions, but it will take time, in my opinion it will take a minimum of 5 to 10 years.




SMR