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Prof bodies discussion - Non sticky

  • 11-08-2010 11:31pm
    #1
    acca_newby
    Registered Users, Registered Users 2 Posts: 13 ✭


    Quick question. I work in the private sector with an US Multinational company in a marketing role. I'd like to understand what are the barriers for me in getting an accountancy accrediation. Above you mention that one can study for CAI exams without being in a contract. You pay for your own study, but must eventually enter a contract and serve your time before becoming a full member. Can you get work off an accountancy firm part-time to serve your time assuming one gets the accrediation?
    hurlingfan11 wrote: »
    Can you get work off an accountancy firm part-time to serve your time assuming one gets the accrediation?

    With ACCA and CPA part time work would be accepted, however it would be prorata and therefore it would take a lot longer than 3 years to build up enough experience. Not sure about CAI - I don't know if you can enter part time contracts.
    smcgiff wrote: »
    Yip - have heard the CAI pass rates have dropped, but from very high levels. This is some years back, but it was not uncommon for 90% pass rates. I don't think they've dropped back to ACCA levels yet though.

    I'll give some thought to setting up a sticky comparing pass rates going forward from the different bodies.

    CAP 2 pass rate was 35% this year. What was ACCA's equivalent? I doubt it was this low. I doubt NASA's new program for rocket surgeons has a lower pass rate. CAI is a joke.
    BESman wrote: »
    CAP 2 pass rate was 35% this year. What was ACCA's equivalent? I doubt it was this low. I doubt NASA's new program for rocket surgeons has a lower pass rate. CAI is a joke.

    ACCA's results will be out on the 23rd I think - should be interesting.

    Not sure if this is the right place to ask but I doubt this warrants a thread of its own..

    Im signing up to the ACCA exams. But my current employer will not be paying for the exams. I will be paying for the first few myself and then hope to get a job in a relevant accounting position.

    Can I sign up to the exams without mentioning my employer? I work in life assurance so its not exactly related to accounting thus why they would not pay for my exams.
    girvtheswerve wrote: »

    Can I sign up to the exams without mentioning my employer?

    Absolutely - Although CAI have a similar route now. Good luck
    smcgiff wrote: »
    ACCA's results will be out on the 23rd I think - should be interesting.

    Is it not the case that a huge proportion of CAI candidates are from the bigger accounting firms? And that they get substantial study leave before exams, whereas candidates for the ACCA exams are by and large funding their study leave from holidays and unpaid leave. The few that I know doing ACCA work either in the likes of PNC or Statestreet, or in a manufacturing industry and get very little time to study. Therefore it would surely follow that the CAI should have a higher pass rate even allowing for the difficulty level being the same?
    DolphinTales wrote: »
    Is it not the case that a huge proportion of CAI candidates are from the bigger accounting firms? And that they get substantial study leave before exams, whereas candidates for the ACCA exams are by and large funding their study leave from holidays and unpaid leave. The few that I know doing ACCA work either in the likes of PNC or Statestreet, or in a manufacturing industry and get very little time to study. Therefore it would surely follow that the CAI should have a higher pass rate even allowing for the difficulty level being the same?

    That may be a factor alright, but most ACCA students I know built up their holidays and used them for study. I know I did, but appreciate this still would not equal CAI holidays. However, I'm not totally convinced it would have made much difference to me - I probably would have treated the first number of weeks as holidays anyway, as I seemed to study more as time pressure built. :(

    I think there could be a sticky dedicated to comparing the differences students in each bodies have to go through to become qualified and I'll give some thought to this when I get a chance.
    BESman wrote: »
    CAP 2 pass rate was 35% this year. What was ACCA's equivalent? I doubt it was this low. I doubt NASA's new program for rocket surgeons has a lower pass rate. CAI is a joke.

    I quite agree with you on this one.... i lost my contract last yr after writing SFMA 4 times! so I switched to ACCA this yr and passed F5 & F9 first time (SFMA is split into two with ACCA - one differentiating factor:rolleyes:)

    Judging from my experience with ACA lectures... I believe they stretch for weeks on end with a lot of content but no depth so you end up with volumes to study but no proper understanding of what you are studying!!! The institute should really think more about the quality of lectures instead of the extra cash earned from repeats, revision classes,etc... it puts a lot of strain on students:mad:


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