ICMAP worth doing?

[rabia-k]

no body is in a war, but some just take it as a matter of ego. when someone talks about ICAp, their hidden frustrations come out and they go out of control. ofcourse it can be expected from them, since they are retarded.

[tariqsohail]

No comments from my side...

[rabia-k]

i just asked a simple question, dont know why it put you on fire!!

[rabia-k]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by retarded</i>
<br /><blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by rabia-k</i>
<br />i just asked a simple question, dont know why it put you on fire!!
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Dont ask those queries, the answer of which creates harassment b/w different ppl , who belongs to different educational background,
This is not a divulged,that ACA does not work under ACMA.

ACMA is having different worth ,which can never be subtituted by an ACA.
It is true that many ACAs work under ACMAs & vice Versa...but this shouldn't mean to start debating over these issue...However if u do so , then dont forget that

HUM BHEE YAHEEN HAIN[p][p][p]


harrasing enquriy? really!! [p]


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[Shikari]

lernay kay bajai, itni mehnat perhai min ker lo. zindge, future or nama-e-aamal min kuch debit ho jai ga. the exact answer is that, ACMA requirs more time, and a little more hard work as compare to ACCA. and ACCA, a little more expensive then ACMA but both the degrees have their own place. ACCA ker lo ya CMA ho jao, jb tak experience ne ho ga koi value ne ho gi. value in sense keh, koi aap ko phoolon ka haar pehna kay istakbal ne keray ga. u have to prove urself.

[amahmood_satti]

Yes that's the right answer!!

[Shikari]

yar, u know. me B.Sc hon. math, physics ky sath. matlab mera kbhi lena dena ne raha is field sy. but now am doin ACMA 3rd stage. or Allah ka shuker hy kbhi problem ne hoi. yar naraz na hona, na gussa. jo haal bcom walon ka hota hy na, well mashaAllah sy majority accounts ko ruttay maar ky bcom kerti hy (appologise to exceptional students.) bcoz ACMA ki stage1 min exemption letay to aagy stage3 min Financial accounting me bura haal hota hy. exeamption ne banti to pass ne hoti. may b its bcoz, ICMAP ka entry test darama hota hy. to her terhan ky students aa jatay hian. khair jo bhi hy S believe me bro. shayd hi me ny kbhi bcom walay ko teacher sy behas kerty ya phir un ky sawalon ka jawab dety dekha ho. bohut bura hal hy yahan bcom ka. well, i belongs to multan. may be sirf humaray area ky students aysy ho shayad. her aadmi ki apni place hy. apni importance. or ager koi bunda ne perh raha, yah bura hy. laykin koi B.A bhi ker raha hy to thats good enogh. perhai kbhi nuksaan ne diti. faida diti hy. mera ne khayal keh ager tum suljhay hoi ho to mujhay btana pery keh ACA kia hy. to be a ACA or ACMA, thats the uniqueness. by the way, me bata don, CMA ky baad me ACA ka irada rakhta hon ya phir related field min P.hd. good luck for the future. have a good time bro.

[awaisaftab]

Dear Shikari,

I am student of Stage-V of ICMA and belong from Islamabad. In fact Rawalpindi is my native city. I have done B.Com but before it I did F.Sc. When I started my B.Com the students those who have done I.Com were considered that they have much knowledge of accounting but in the Part-I exam of B.Com mostly student who had done I.Com earlier has compartments. In fact in my opinion Maths,Stats,Physics,Chemistry and Biology broadened the mental level of students,specially Maths broad mental level and create sharpness in the students those study it.

I did my F.Sc with Maths and Stats. These two subjects have been very helpful in all other degrees that I achieved. For Instance I got 95% marks in BMS of B.Com, around 70% marks in Maths and Stats of M.A Economics and finally passed BMS of stage II of ICMA very easily.
The basic reason of low level of knowledge of B.Comers is that the teachers who teach at I.Com and B.Com are mostly M.Commers. In Federal Govt. College of Commerce Islamabad there is only one lecturer who is ACMA (Inter).
I don’t know about the students of other universities u say that you live in Multan so your university will be Bhaud-din-Zakria University. But in central and northern Punjab many group of colleges have established, providing education mainly in commerce, these group of colleges have created their monopoly in Punjab University and influence syllabus and examination process. In 2003 Punjab University was revising the syllabus of B.Com these colleges disturbed very bitterly the whole process of revision of syllabus. One of eminent professor of Federal Govt.cllege of Commerce says that the topic of cash flow statement was being including in the syllabus but a professor of Hailey College of Commerce (Dept of Commerce of Punjab University),who have also a link with a group of college, strongly opposed this inclusion.
This group of colleges uses all means to protect their students and for making them as position holders. I suggest to all that please see the rules and regulation of exams of Punjab University for B.Sc and B.A and compare these rules and regulation with the rules of exams for B.Com. You will surely observe that there is large difference between the two. Punjab University takes exams of Part I and II of B.A/B.Sc combinely. If a students fail in two subject he will have to re-appear in all subject and a student who has compartment only in one subject is allowed to appear in supplementary exams,which are held after two/three months of declaration of result of BA/B.S. On the other hand the university does not take the exams of B.Com Part-I&II together if a student of B.Com Part-I who fails in 3/4 paper of said exam is allowed to appear in supplementary exams during his part-II studies again if such students remains failed to pass up to 2 papers of Part-I then he will be also entitle to appear in B.Com part-II exams.

See and observe what unjust and unrealistic rules and regulation .

I am not against the University of Punjab I have archived my degrees from this university,i.e B.Com and M.A (Eco), I am only against those selfish professors who are making B.Com a child's play.
As far as your view about bad knowledge of accounting of B.Commers, I just want to say that not all students of B.Com are bad accounting. The other thing is that Maths and other science subject broadened the mental level of a student. Maths is the mother of all subjects beside it the person who is considered the founder of double entry accounting, Luca Pacioli, was an eminent mathematician. The philosophers who played a vital role in the development of Economics were also mathematicians.

Regards,
Awais Aftab

[ausmanpk2001]

I say no. The rigorous course content, hard work required & low passing rate combined with the time it usually takes one to qualify is NOT AT ALL worth the pay an ACMA USUALLY gets.

Secondly, I don't know the average passing rate but I've seen a looot of ACMA's working at normal paying salaries.

In my opinon ICMA is not worth the efforts & there are other better options available e.g. ICAP, ACCA & now a days ICAEW.

[awaisaftab]

It is your own view. I have not seen any person on the forum denying the importance of ICMAP in the manner like you are doing. Even during many hot discussion no one passed such henious remarks about ICMAP. The persons who are working at lower salaries are those who leave ICMA only after passing 1 or 2 stages.
I have seen your profile it shows that you live in Islamabad I also live in Islamabad. The job market of the city as developed as that of Lahore and Karachi. I dont expect such views from a professional live in Islamabad. Please come out of your office environment and see the whole picture. The job market is so wast it is not just limited to your workplace. You say that ACCA is also a good option for your kind information ACCA's were not prefered even for the job of Junior accountant till 2000. There may be a possible comparision between CA's ACMA's but there is no comparision between ACMA's and ACCA's. I have seen that in one multinational company which is infact a british two qualified ACCA's are working under the supervision of a part qualified ACCMA.


Regards,

Awais Aftab

[ausmanpk2001]

Sorry. Didn't meant to discredit any professional qualification or hurt any one's feelings.

Plz note that I said what "AN ACMA USUALLY GETS"

There are many ACMA's taking very good salaries & I've seen a looooooooot of ACMA's working on average salaries. I don't how do so many people succeed to qualify as ACMA. Some time back we were hiring a Manager & we got 700+ application majority of which were from full ACMA's & most of them drawing avergare salaries working with average companies & govt organizations.

I'm not talking about just my workplace. The observation is based on my workplace & I've personally seen many ACMA's & have helped with the hiring process of some large companies processing hundreds of audit/accountancy personnel application & observing the interviews & market. Things maybe different in Faisalabad, Karachi etc where ACMA's may get more in manufacturing environments.

The major problem with ICMA what I've seem is that it takes too much time to pass the papers & big firms don't hire until you've passed majority of the papers. After some years, most of the students start doing jobs with govt, small companies on basis of academic qualifications & part qualified ACMA. Resulting in that when they qualify after many years they get overqualified for ftse 100 companies & other high paying jobs. So they continue on their work with their average employers & average salaries with some advantage ofcourse of being an ACMA.

[awaisaftab]

Sir I am agree with you that ACMA takes long time. Hardly 3-5 per cent students pass ICMA in actual period. Now ICMAP revising its admission criteria and will take fresh intake after intermediate. Your observation is also correct that a good number of ICMA students start job only after passing few papers.

Regards,
Awais Aftab

[Spectator]

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica, san" id="quote">quote<hr height="1" noshade id="quote"><i>Originally posted by awaisaftab</i>
<br />Sir I am agree with you that ACMA takes long time. Hardly 3-5 per cent students pass ICMA in actual period. Now ICMAP revising its admission criteria and will take fresh intake after intermediate. Your observation is also correct that a good number of ICMA students start job only after passing few papers.

Regards,
Awais Aftab

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Awais who told u that passing percentage is around 3-5% ?
passing percentage will be rather lower than 5% but one cant say exactly!

CMA act is still to be amended for intaking of intermediate students ....
i hope no such policy will be implemented by ICMAP

[awaisaftab]

It’s my estimate that usually 3 to 5 per cent students pass ICMA in 3 years but I can not say exactly. My estimate was based on the students of my batch and other batches who came after my batch.

As far as cost and management accounting act is concerned I have read that to take fresh intake after intermediate two amendments are proposed in the act
First amendment is regarding the age for students join ICMA. Currently it is prerequisite for a person who joins ICMA that he should must a person of age with atleast 18 years, it is recommended that the age should be reduced ,hence this age clause should be amended to take fresh intake after inter.

Second proposed amendment is recommended in the qualification clause of the act which specifies that in case of academic qualification the qualification of a student must be atleast graduation.

I have read an article of newly elected president of ICMA in Management Accountant that ICMA will take fresh intake after intermediate.

Please visit the following link

http//www.icmap.com.pk/pdf/ma0304_09.pdf

[awaisaftab]

The said amendments have made in CMA ACT-1966 please see the following link

http//www.icmap.com.pk/pdf/amend_reg_cma.pdf