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This is for those who are migrating to Canada
04-16-2010, 01:33 AM
Post: #142
 
<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by talhaaz</i>
<br />Hi, I have few questions regarding canadian designations from Mr. Toronto boy

1. How would you compare CGA with CICA and AICPA.I mean If a person is a CGA member through MRA with ACCA, will it be value adding for him to go for CICA or AICPA or being a CGA will be enough?

2. If getting ACA or CPA status allows greater career progression than being a CGA, then which designation among CICA or CPA would be more suitable. Can you please tell me the time and effort involved in completing the above mentioned designations. Can you please provide a little detail about CPA exams and the experience requirements to become a CPA member.

3. I have also read that ACCA's are allowed to sit for CPA exams in just two or three states of USA. Is the value of CPA similar if done from any state or are there differences?

Best Regards
<hr height="1" noshade id="quote"></font id="quote"></blockquote id="quote">

Dear

(1) Your ACCA would provide direct access to CGA, that would be helpful in your immigration and finding a professional job from the day one. CICA/ CPA or any other are personal preferances, which you may opt once you are here, have likeness, time, energies and resources etc. So be here first and then decide by yourself after that.

(2) In my view, career progression depends upon your skills, personality, and luck etc. Professional qualification is one basic requirement, but there are many other traits which plays more important role in professional life. More than 95% of the jobs ask for any of CGA/CA/CMA.

CPA is US designation and CICA is Canadian. Though both work in each other countries, but are more preferable (in strict terms) in their own respective countries.

Time and efforts required varies from individual to individual. In case if CICA, it also depends upon number of exemptions availed. Much has been written on this forum about CPA exams and experience requirements. Please search and read that first, and then ask a specific question.

(3) I don't know about current acceptability of ACCA for CPA exams. Before Colorado was allowing ACCA's to sit for exam. I heard perhaps thay have changed rules. There might be some bridging courses required depending on individual situation that varies case to case. In addition to ACCA, do a masters degree in relevant field like economics, accounting, business, or MCOM or MBA etc. Send your all documents for evaluation, I hope you would get maximum credits to sit for CPA exam.

There is no difference in CPA exam itself as it is uniform exam for all States and conducted by one body called NASBA on behalf of ALL boards of accounting. However, there are differences in exam pre-requisite courses requirement, experience requirement, and some other requirements etc.

There is no difference in terms of "value" of CPA, however, "licence to practice" (which one gets after passing all exams and satisfying all other requirements) provides rights and privileges to holder in that specific State from where the licensee is the holder of.

I hope it helps.

Regards
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