Kyoji83
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At HR point of view for accounting position in Public accountant firm, one must have CPA in order for you to growth with the organization which there are chances you will stay with the organization for long. Those without CPA will end their career at junior manager while their peers move on to be partners. In this case those without CPA will get demoralize & affect the rest. This group without CPA will not stay long to growth with the organization in the long run. So that the reason why we should not employed them in the first place.
For Private firm at fresh/junior accounting position, I buy your Justification. However for senior position, I do not buy your Justification since experiences over right your academic knowledge & capability.
Those with CPA Sg is valuable credential & also a testament to their well-grounded knowledge, integrity and commitment. The experience and high standards of professionalism of CPA Sg makes a difference and used as a Quality Assurance (QA) when it comes to the interest of business, employer and/or client.
For Private firm at fresh/junior accounting position, I buy your Justification. However for senior position, I do not buy your Justification since experiences over right your academic knowledge & capability.
Those with CPA Sg is valuable credential & also a testament to their well-grounded knowledge, integrity and commitment. The experience and high standards of professionalism of CPA Sg makes a difference and used as a Quality Assurance (QA) when it comes to the interest of business, employer and/or client.
Unlike engineering, there are 2 types of accountants, public accountants and private accountants. For public accountants, sadly, you need CPA and thus government recognition. However, without CPA, you can still work as a public accountant, just that you will never be able to reach the partner position whereby you can sign off documents. For private accountants, government recognition or CPA is never an issue.
For your second question, it depends on the job.
Job 1 - Public accountant firm (i.e. big 4) with a career progression to become partner:
Need to have CPA, therefore, no choice but to hire the one with CPA.
Job 2 - Public accountant firm without progression to partner. (i.e. progression limited to junior manager)
OR
Private firm hiring an accountant to do internal accounting functions such as audit.
If everything is the same, job experiences, salary, etc.... Then it depends on the degrees the candidate has and their previous job's appraisal.
As a general guide, ACCA > Private degrees such as Plymouth.
Local Degree > ACCA
Justification? Simply because ACCA is more rigourous, more breadth and depth, and harder to pass than private degree. Therefore, I presume this ACCA graduate as having a better academic knowledge and capability.
Moreover, CPA does not matter for this job 2, so the employee simply having CPA will not add any tangible value to the company.