ACCA and CA

[ks136]

I am studying P1, P3, S1 and M1... will it be a problem or can I still get exemption in Quantitative methods?

Sorry.no exemption

 

[Ayyan :D]

Someone who is studying C.A, can they teach someone who just started ACCA?
Like they don't have to be professional teachers, but can they at least teach, as a tutor?
ACCA and CA are the courses similar? How much similar?

 

[khunshaw]

i'm planning to ditch A levels and give the CAT/FIA papers than do ACCA and than CA.
Is this a good choice?

 

[mak kings]

Sorry.no exemption

the details for the exemtions of paper which u gave above . r they still implied?
i m currently doing .AS ... business,maths(p1 s1),and accounts. i plan to do . economics also. Is only AS of economics needed or the complete Alevel?

 

[teachyourself]

i'm planning to ditch A levels and give the CAT/FIA papers than do ACCA and than CA.
Is this a good choice?

depends upon what you want to become .. a Management Accountant or an Auditor or an Equity Analyst

because if you want to be an auditor then you will have to do the CA because ACCA students cannot become auditors .. however, for the other two career directions ACCA will be enough but if you do the CA then that will obviously be better since you will also learn a lot about Pakistani tax and auditing

however, for being an Equity Analyst you will need to learn about stock valuation and some basic economics... but do give the A-levels Math, Accounting, Economics and Business Studies papers on the side just to understand the theory or do not give the papers just study on your own ... btw if you do decide to become an Equity Analyst then let me know, I can give you links that will let you learn Finance in a very practical manner, it will also be easy to understand

so what you can do is Specialize in ACCA for P4: Advanced Financial Management and P5: Advanced Performance Management, then do the CA to learn about Auditing and Pakistani Tax ... a note for the ACCA though, the study material for paper F6: Taxation (Pak Variant) might not be available

as for the CAT/FIA route check the links below ... it is not a bad option though

http://cams.edu.pk/cat.html
http://fti-acca.com/index.php?option=com_content&view=article&id=5:fia&catid=29:courses&Itemid=2

and call institutes asking them about details or even visit them to talk to them about which direction you should take

 

[khunshaw]

depends upon what you want to become .. a Management Accountant or an Auditor or an Equity Analyst

because if you want to be an auditor then you will have to do the CA because ACCA students cannot become auditors .. however, for the other two career directions ACCA will be enough but if you do the CA then that will obviously be better since you will also learn a lot about Pakistani tax and auditing

however, for being an Equity Analyst you will need to learn about stock valuation and some basic economics... but do give the A-levels Math, Accounting, Economics and Business Studies papers on the side just to understand the theory or do not give the papers just study on your own ... btw if you do decide to become an Equity Analyst then let me know, I can give you links that will let you learn Finance in a very practical manner, it will also be easy to understand

so what you can do is Specialize in ACCA for P4: Advanced Financial Management and P5: Advanced Performance Management, then do the CA to learn about Auditing and Pakistani Tax ... a note for the ACCA though, the study material for paper F6: Taxation (Pak Variant) might not be available

as for the CAT/FIA route check the links below ... it is not a bad option though

http://cams.edu.pk/cat.html
http://fti-acca.com/index.php?option=com_content&view=article&id=5:fia&catid=29:courses&Itemid=2

and call institutes asking them about details or even visit them to talk to them about which direction you should take

thanks a lot!!

 

[Igniz]

hey hi a regular member at xpc ... i'm from karachi
my question is (if any one is available to answer)

I have given business in a-levels and scored a D
now i am preparing for accounts and economics for 2014 may/june

i want to know that will i be admitted in CA .. ?

 

[teachyourself]

you can give your papers again ... if the CA does not accept your application which unlikely ... you can do the ACCA ... only do the CA if you want to be an auditor ... if you want to be an Equity Analyst (sellside [brokerag]/ buyside [asset management]), Management Account then ACCA will also be good enough ... after the ACCA you can also do the CA to increase your career options and your employment chances ... i would also suggest getting internships, learning accounting software

check their requirements on the website ..... http://www.icap.org.pk/become-ca/entry-routes/full-time-scheme/

and give Business Studies again it isn't that difficult really .... you can order candidate response booklets from cie
http://www.cie.org.uk/cambridge-for/teachers/order-publications/
if you order these you will be able to understand exactly what is required when answering the exams


and it would be better to discuss each subject with professionals in the fields of each subject ... bankers, auditors, management accountants, marketing managers, operations managers, project managers, etc ... that way you will be able o understand how your subjects relate to every day activity and it will give meaning to your learning.. or you can check documentaries as well

The Ascent of Money: A Financial History of The World by Niall Ferguson (series of 6episodes) is an ideal documentary that shows the interlinking of accounting, economics, banking, politics .... http://thepiratebay.se/torrent/5603704/The_Ascent_of_Money_(2008)

Inside Job is excellent for understanding the global crisis, banking, economics ...... http://thepiratebay.se/torrent/6376331/Inside.Job.2010.DOCU.MULTISUBS.DVDRip.XviD-JanOve


http://topdocumentaryfilms.com/category/economics/ --- for economics
http://www.twistimage.com/blog/arch...o-get-your-creative-marketing-juices-flowing/ --- for marketing
http://www.entrepreneur.com/slideshow/224516 --- for marketing and business management
http://thepiratebay.se/search/National Geographic Megafactories/0/99/0 --- to understand operations and manufacturing

you can also check ... economics tutorials on https://www.khanacademy.org/
you can check ininjanotes on youtube for accounting tutorials

 

[teachyourself]

you can give your papers again ... if the CA does not accept your application which unlikely ... you can do the ACCA ... only do the CA if you want to be an auditor ... if you want to be an Equity Analyst (sellside [brokerag]/ buyside [asset management]), Management Account then ACCA
check their requirements on the website ..... http://www.icap.org.pk/become-ca/entry-routes/full-time-scheme/

and give Business Studies again it isn't that difficult really .... you can order candidate response booklets from cie
http://www.cie.org.uk/cambridge-for/teachers/order-publications/
if you order these you will be able to understand exactly what is required when answering the exams


.....

you can also check ... economics tutorials on https://www.khanacademy.org/
you can check ininjanotes on youtube for accounting tutorials

my bad .... only the registered schools are allowed these candidate response booklets

 

[Nabeel.Ahmad]

Can someone tell me the prospects of doing ACCA or CA?
What is that?
What is Accounting? Is it a high-paying job?

I'm currently a Sciences student, but i will appear for Economics and Business studies, too, in the upcoming session of O-Level.
Wanted to give Accounts too, but won't.

Maybe in A-Level..

 

[teachyourself]

Can someone tell me the prospects of doing ACCA or CA?
What is that?
What is Accounting? Is it a high-paying job?

I'm currently a Sciences student, but i will appear for Economics and Business studies, too, in the upcoming session of O-Level.
Wanted to give Accounts too, but won't.

Maybe in A-Level..

Accounting is a field .. it can lead to high paying jobs but that can be done in many fields ... so while your interest in diversified subjects is good .. your career selection should be based upon your personality type (do the online MBTI test and the Big 5 Personality Test) and your skills strength (these skills can be academic, critical thinking, problem solving, efficiency, ability to work long hours, self management, etc) ... so right now developing skills is more important than career choice

http://www.discoveryourpersonality.com/?gclid=COODt_CplbwCFQQGwwodLSsA3w
http://www.16personalities.com/free-personality-test
http://www.outofservice.com/bigfive/
http://personality-testing.info/
http://www.humanmetrics.com/cgi-win/jtypes2.asp

Accounting is basically how you would keep track of monetary activities ... buying, selling, taking loans, giving loans, etc

it is because of accounting that money lending changed into banking and hence, economics became more quantifiable/traceable since every business and country knew its Financial Position/Condition ... so Accounting and Economics mainly through Banking has led to Finance as a field

the concept of 'time value of money' is very important for understanding finance because it relates to the idea of return generated by investing a certain amount of money, particularly the interest you would earn upon a certain amount of money invested over a certain period of time -- so either you can (i) Keep money under a mattress to save money (ii) Keep money in a bank to earn interest in the future (iii) Invest money in a business to earn profits in the future -- your choice will depend upon how much return you want .... also it is because of interest, money supply and the speed at which people trade [velocity of money] that inflation [increase in prices] occurs, which leads us to real return/interest and nominal return/interest, for real return/interest just deduct the inflation from the nominal interest

so you can see how accounting, banking, economics and finance are interlinked

Accounting lets you keep track, Economics lets you understand/monitor trends, finance lets you calculate, while banking is the medium through which all transactions in the formal economy are carried out

first it was just money, then return via interest or profit, then inflation [increase in prices], then real/nominal return via interest or profit

so you can understand time value of money as:-

check attachment

 

[teachyourself]

links for CA notes
http://download.canotes.net/
http://theeducation.pk/notes/ca-all-course-notes/
https://www.facebook.com/canotes.net/
http://www.icap.org.pk/students/study-resources/syllabus/
http://www.friendsmania.net/forum/ca-notes-ca-past-papers-icap-notes/55547.htm

 

[Ayeshaayyy]

Would it be a problem for me if i don't opt for math in A level? My math isn't really impressive. I am planning to do CA InshAllah