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Is ACA all auditing? Is ACCA better for industry?

  • 20-08-2009 03:54PM
    #1
    techman
    Registered Users, Registered Users 2 Posts: 102 ✭✭


    Hello,

    I am looking at doing accounting this year. I have read all the posts here about ACA v ACCA.

    I'm still undecided on which one to go for.

    From reading the posts on this forum, is the ACA mainly about auditing? Is the ACCA better for working in industry?

    I would like to have the option, when qualified, of working in industry and/or the public sector. Is the ACCA the one to go for if I want this option?

    Thanks.


Comments

  • #2
    whatawaster
    Registered Users, Registered Users 2 Posts: 12,910 ✭✭✭✭whatawaster


    techman wrote: »
    Hello,

    I am looking at doing accounting this year. I have read all the posts here about ACA v ACCA.

    I'm still undecided on which one to go for.

    From reading the posts on this forum, is the ACA mainly about auditing? Is the ACCA better for working in industry?

    I would like to have the option, when qualified, of working in industry and/or the public sector. Is the ACCA the one to go for if I want this option?

    Thanks.

    With both you will have the option of working in Industry, Practice, Public sector. They are very similar qualifications.

    While most of the students of ACA will be in Audit, only 25% of the course will focus on auditing. The rest focuses on Financial Accounting and Management Accounting (both very relevant to industry), Tax and Business Finance. So it is a well rounded qualification. I did ACA, but as far as I know ACCA is very similar.

    What should impact your decision?
    - where you want to do your training – if you decide on ACA you’ll have to stay in one place for the duration of your training – usually 3.5 years
    - Once qualified you’ll have to pay annual membership fees to whichever association you’re in. The ACA fee is far higher than the ACCA one.
    - Both are recognized internationally, but depending on which country you go to one or the other might not be. As far as I know, despite the ACCA being an international organization, ACA is more recognized in certain countries (like the US I think)
    - It used to be that ACA was higher thought of and there was a certain snobbery about it. I don’t think this is the case any more, both are excellent qualifications.


  • #3
    techman
    Registered Users, Registered Users 2 Posts: 102 ✭✭techman


    Thanks for that whatawaster.

    I am thinking of taking the Elevation route for ACA but I'm a bit worried about the level of work involved and the low pass rates for the exams.

    As you did the ACA yourself, are you happy you did it? Is it very difficult?

    Any advice would be greatly appreciated.

    Thanks.


  • #4
    whatawaster
    Registered Users, Registered Users 2 Posts: 12,910 ✭✭✭✭whatawaster


    techman wrote: »
    Thanks for that whatawaster.

    I am thinking of taking the Elevation route for ACA but I'm a bit worried about the level of work involved and the low pass rates for the exams.

    As you did the ACA yourself, are you happy you did it? Is it very difficult?

    Any advice would be greatly appreciated.

    Thanks.

    yeah i'm happy i did it. To be honest it wasn't much more difficult than College, just the 50% pass-rate made it a little harder.
    If you did accounting in college i think you'll find it ok.


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