02-19-2009, 02:52 PM
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by Kamran_Fasih</i>
<br />There could not be a clear cut answer of this question.
Under certain environment and circumstances ACMA proves better and vice versa.
Environments where ACMA are better than CA
1) Theoretical knowledge of ACMA member is more than CA
2) They are less costly to the organization
3) Cost of achieving membership is low (low educational expenses)
4) Easy admission criteria
Environments where CA are better than ACMA
1) Strong practical knowledge
2) Although accounting knowledge is low but they know how to manage
3) Working as junior, then semi-senior, and senior and finally manger polished them to work as manager right from leaving a good firm after four or five years.
4) CA learn how to tackle the people besides there knowledge
5) Their specialty is auditing of financial record, and ACMA learn a very little about it.
CA is normally preferred because of the following reasons
1) Because CA at top managerial post prefer CA.
2) CA is older than ACMA
3) CA from a reputable firm is different from a CA from unknown firm, people normally compare ACMA with CA from any leading firm
4) There is no apparent discrimination between ACMA
5) ACMA accept low salaries to penetrate in to market
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Kamran Fasih,
Your above post did not show that whether u r a CA or ACMA. Let me know about your professional qualification.
But your analysis is neutral.
I am partially agree with you. In one of my post on the topic "Is the scope of CA falling" I have written that ACMA's and ACCA accepts low salaries but I think its a market factor. Like the markets of every thing in job market the prices of services are market driven. Only some years ago CA's were unchallenged and you may say they were monopolist. In late nineties their monopoly was challanged by the ACMA's and in the early years of 21st century many local institution introduced ACCA programe. Buddy, u know that if one of market leader has monopoly in market the new competitor set the prices of its goods or services at lower rate than the existing market leader. I give you example of beverages industry , here I want to mention that I have worked with AMRAT BEVERSAGES, when the amrat cola was launched the prices of Pepsi Cola was almost 50% more than the amrat. But after some time Pepsi cola also reduced the prices of its all products. Also note the example of UPONE and Moblink. In the same way ACMAs ready to work at lower salaries than ACMA's. Mr Fasih,we are here and will remain here and give you guarantee that after some time CA's will also ready to work at lower salaries in order to compete with other rivals. Keep it in mind.
Buddy, I have also written in my one of
above post that CA is a well known degree.
You will be surely surprised that even now some people dont know about ICMA. Many times some people ask from me what are you doing on my reply that I am doing ICMA they reply what is ICMA then I say its a qualification like CA.
Regards,
Awais Aftab
<br />There could not be a clear cut answer of this question.
Under certain environment and circumstances ACMA proves better and vice versa.
Environments where ACMA are better than CA
1) Theoretical knowledge of ACMA member is more than CA
2) They are less costly to the organization
3) Cost of achieving membership is low (low educational expenses)
4) Easy admission criteria
Environments where CA are better than ACMA
1) Strong practical knowledge
2) Although accounting knowledge is low but they know how to manage
3) Working as junior, then semi-senior, and senior and finally manger polished them to work as manager right from leaving a good firm after four or five years.
4) CA learn how to tackle the people besides there knowledge
5) Their specialty is auditing of financial record, and ACMA learn a very little about it.
CA is normally preferred because of the following reasons
1) Because CA at top managerial post prefer CA.
2) CA is older than ACMA
3) CA from a reputable firm is different from a CA from unknown firm, people normally compare ACMA with CA from any leading firm
4) There is no apparent discrimination between ACMA
5) ACMA accept low salaries to penetrate in to market
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">
Dear Kamran Fasih,
Your above post did not show that whether u r a CA or ACMA. Let me know about your professional qualification.
But your analysis is neutral.
I am partially agree with you. In one of my post on the topic "Is the scope of CA falling" I have written that ACMA's and ACCA accepts low salaries but I think its a market factor. Like the markets of every thing in job market the prices of services are market driven. Only some years ago CA's were unchallenged and you may say they were monopolist. In late nineties their monopoly was challanged by the ACMA's and in the early years of 21st century many local institution introduced ACCA programe. Buddy, u know that if one of market leader has monopoly in market the new competitor set the prices of its goods or services at lower rate than the existing market leader. I give you example of beverages industry , here I want to mention that I have worked with AMRAT BEVERSAGES, when the amrat cola was launched the prices of Pepsi Cola was almost 50% more than the amrat. But after some time Pepsi cola also reduced the prices of its all products. Also note the example of UPONE and Moblink. In the same way ACMAs ready to work at lower salaries than ACMA's. Mr Fasih,we are here and will remain here and give you guarantee that after some time CA's will also ready to work at lower salaries in order to compete with other rivals. Keep it in mind.
Buddy, I have also written in my one of
above post that CA is a well known degree.
You will be surely surprised that even now some people dont know about ICMA. Many times some people ask from me what are you doing on my reply that I am doing ICMA they reply what is ICMA then I say its a qualification like CA.
Regards,
Awais Aftab