01-12-2008, 09:55 PM
Dears,
It's good to see comments of Amir once again. ACCA is internationally renowned qualification as it has globally located offices and students. Still, as I once before said that merely the higher number of students or higher number of offices in quantitative terms does not make a qualification prestigious.
However, as goodman pointed out, ACCA's recognition is increasing in the eyes of ICAEW. If we check the evolution process we will come to know that the major reason behind is that, many ACCAs of UK have also qualified ICAEW's CA by getting exemptions over the period. By getting ICAEW's membership some of them historically remained the members of various decision making committees of ICAEW and IFAC as well.
It was quite natural for them to create harmony between the two institutes over the period to map the gap between them and this has worked with the passage of time even the old school of thought members of ICAEW do not wish it to happen it at all. They emphasize more on the reasons of founding this institution.
One of such ICAEW member, working at a very renowned position in Pakistan, expressed his views personally to me whereby he said that, at its outset, ACCA was developed by those people who could not get through the hard and prestigious exams and qualification criteria of ICAEW.
{I think his views were focused on initial phase of ACCA's formalization}.
Notwithstanding with this, I (and every one else) simply by having an observation of the situation can deduce that who are those people doing ACCA or opting to do ACCA in Pakistan. If I make a break up then first of all come those who are from very elite families and cannot find their selves suitable for the extreme of hard working (also declared as Jabri Mushaqqat by some members) embedded in the extensive training, CA students receive from articles. This is the class who normally prefer to do MBA but in some cases also opt ACCA being an easy task compared to CA.
After these, there come the students who failed qualifying initial tests and exams of CA of ICAP and eventually migrated their concentrations to ACCA declaring it more suitable, workable and certification of an association of good policies. Good policies means soft corner in practical terms.
Then comes the category of those students who are not part of the above two categories. They are just feared of CA's toughness (so-called hard, out dated and stiff policies) and expected failure due to putting in casual efforts which is the common behavior of such students.
After this, there is the category which qualifies ACCA as an additional certification to CFA or ACA. I dont ever argue about this category.
So, if any ACCA dont mind, these are the categories of ACCA students doing ACCA in Pakistan (at least).
The guys who go abroad and do ACCA at UK, do so becoz it is easier to get stay by having admission in ACCA. Whereas, CA for a Pakistani student in UK is now "almost" impracticable. Further, they easily qualify it (ACCA} and get good jobs (at UK or gulf) as far as earning is concerned.
Now none of above relates to the rare cases, extra genius and successful persons and those who make ACCA a career by believing it to be the best field.
Hope this post will not disturb ACCAs since it snaps out the real picture.
Regards,
Kamran.
It's good to see comments of Amir once again. ACCA is internationally renowned qualification as it has globally located offices and students. Still, as I once before said that merely the higher number of students or higher number of offices in quantitative terms does not make a qualification prestigious.
However, as goodman pointed out, ACCA's recognition is increasing in the eyes of ICAEW. If we check the evolution process we will come to know that the major reason behind is that, many ACCAs of UK have also qualified ICAEW's CA by getting exemptions over the period. By getting ICAEW's membership some of them historically remained the members of various decision making committees of ICAEW and IFAC as well.
It was quite natural for them to create harmony between the two institutes over the period to map the gap between them and this has worked with the passage of time even the old school of thought members of ICAEW do not wish it to happen it at all. They emphasize more on the reasons of founding this institution.
One of such ICAEW member, working at a very renowned position in Pakistan, expressed his views personally to me whereby he said that, at its outset, ACCA was developed by those people who could not get through the hard and prestigious exams and qualification criteria of ICAEW.
{I think his views were focused on initial phase of ACCA's formalization}.
Notwithstanding with this, I (and every one else) simply by having an observation of the situation can deduce that who are those people doing ACCA or opting to do ACCA in Pakistan. If I make a break up then first of all come those who are from very elite families and cannot find their selves suitable for the extreme of hard working (also declared as Jabri Mushaqqat by some members) embedded in the extensive training, CA students receive from articles. This is the class who normally prefer to do MBA but in some cases also opt ACCA being an easy task compared to CA.
After these, there come the students who failed qualifying initial tests and exams of CA of ICAP and eventually migrated their concentrations to ACCA declaring it more suitable, workable and certification of an association of good policies. Good policies means soft corner in practical terms.
Then comes the category of those students who are not part of the above two categories. They are just feared of CA's toughness (so-called hard, out dated and stiff policies) and expected failure due to putting in casual efforts which is the common behavior of such students.
After this, there is the category which qualifies ACCA as an additional certification to CFA or ACA. I dont ever argue about this category.
So, if any ACCA dont mind, these are the categories of ACCA students doing ACCA in Pakistan (at least).
The guys who go abroad and do ACCA at UK, do so becoz it is easier to get stay by having admission in ACCA. Whereas, CA for a Pakistani student in UK is now "almost" impracticable. Further, they easily qualify it (ACCA} and get good jobs (at UK or gulf) as far as earning is concerned.
Now none of above relates to the rare cases, extra genius and successful persons and those who make ACCA a career by believing it to be the best field.
Hope this post will not disturb ACCAs since it snaps out the real picture.
Regards,
Kamran.
