ACCA Students.

[Konnichiwa]

depend on which field you are looking. most advert u are looking are for pure finance or accounting jobs.

account+IT is more for IT sector jobs. which IT must be farmilar with accounting rules before they can design the system. eg SAP system analyst, IT audit

not too sure abt account+finance mix. i have seen ppl taking CFA after they passed their acca but i dun really understand their logic. if they wish to join bank finance, then they should take CFA in the 1st place and y wasted 3yrs for acca?
the only reason i can think of is these grp of ppl wish to have solid accounting knowledge to tackle level1 and 2 of CFA or they are not sure whether to join the finance or accounting field.

Initially I wanted to take CFA instead of ACCA, however CFA requires a degree to qualify, therefore I take ACCA instead. Maybe thats the reason why some people do that.

I am thinking of taking CFA after I completed ACCA, if i am able to afford the time. However, I heard that CFA is not very useful if you are not working as Analyst. Maybe can use that knowledge to trade shares by yourself.

 

[hongge]

oh ic.. acca is a profesional cert can be used as degree to gain entry for cfa? i learn something today =)

 

[syncsam]

he uses lecture note written by himself. if u wish, u can read up BPP textbook from kaplan but note that the variant is for international students.

Thx hongge. Currently I am taking Roy's F7 which I think is very messy and ineffective! I think I have to take Sami's revision class.... Btw, do you think reading Sami's notes will help?

 

[summersky1986]

if u joined big4 and your portfolio mostly auditing banks, then after 3yrs when u got ur CPA, you can switch over to banks. whichever industry you are auditing for the 3yrs of your audit career, you might want to join back that industry since you will be very farmilar with the biz structure and law. put you in an advantage.

eg i have seen my senior who was auditing keppel corp for 4yrs to join keppel. the audit client wants ppl who audit their accounts before so that they can improve their internal controls and "hide" things from the auditors.

till now, im glad i have grad frm acca and not RMIT cos the acca syllabus covers indepth technical knowledge which a degree path will only learn briefly. (speaking from experience as i have attended my gf's RMIT biz mgmt module in finance )

I see it more clearly now, I was worrying the joining a mid-tier firm is the start of the end

So the gist of an accounting/audit career is to slog it out 3 years in big4/midtier firm, get CPA and then move on to somewhere else to develop their careers?

Just curious how would your starting salary be like say if you just got your CPA status and join a MNC as an internal auditor? Career progression?

How about those people who stay in big 4/mid tier firms their entire life? What could be their reason?

Thanks hongge!

 

[hongge]

Thx hongge. Currently I am taking Roy's F7 which I think is very messy and ineffective! I think I have to take Sami's revision class.... Btw, do you think reading Sami's notes will help?

wow, 1st time i heard roy is messy haha i attended his F7 in the past too! i think he is neat and simplify all his notes to the extend that makes you have a wrong impression that f7 is easy. in tat sense, i agree with you that his notes are ineffective to tackle the real exams qs.

i join sami's f7 revision class and was shocked to realise the real standard of f7! sami picked all the most difficult qs in f7 history for revision class and uses his own style to do consolidation which is more time saving. i got a difficulty in switching from roy's traditional 5workings method to sami's scheduled method. therefore in the exam, i sticked to roy's method.

i completely switched to sami for p2 and learned his schedule method fully for exam and his ways are really very much time saving in exam.

if you read sami's handwritten notes without attending his class, i dun think it will work as he will write keywords and linking arrows around which can be confusing. go try out his revision class and decide which lecturer's method is better for u and plan for ur p2. gd luck

 

[hongge]

I see it more clearly now, I was worrying the joining a mid-tier firm is the start of the end

So the gist of an accounting/audit career is to slog it out 3 years in big4/midtier firm, get CPA and then move on to somewhere else to develop their careers?

Just curious how would your starting salary be like say if you just got your CPA status and join a MNC as an internal auditor? Career progression?

How about those people who stay in big 4/mid tier firms their entire life? What could be their reason?

Thanks hongge!

pple get out of audit in 3/4yrs bcos they got tired of long working hrs and the pay scale in about in line with commercial accounting. if you stay in big4 for too long, you wun wan to leave cos the paycut is tremendous. ppl who stayed in big4 long term are either they really love audit or are elites who are promised to be groom into future audit partners.

 

[Konnichiwa]

wow, 1st time i heard roy is messy haha i attended his F7 in the past too! i think he is neat and simplify all his notes to the extend that makes you have a wrong impression that f7 is easy. in tat sense, i agree with you that his notes are ineffective to tackle the real exams qs.

i join sami's f7 revision class and was shocked to realise the real standard of f7! sami picked all the most difficult qs in f7 history for revision class and uses his own style to do consolidation which is more time saving. i got a difficulty in switching from roy's traditional 5workings method to sami's scheduled method. therefore in the exam, i sticked to roy's method.

i completely switched to sami for p2 and learned his schedule method fully for exam and his ways are really very much time saving in exam.

if you read sami's handwritten notes without attending his class, i dun think it will work as he will write keywords and linking arrows around which can be confusing. go try out his revision class and decide which lecturer's method is better for u and plan for ur p2. gd luck

taking Roy's P2 now.. I prefer his pace... quite comfortable and his methods are systematic.. for F7 i think.
what about Sami's schedule method... maybe i should learn from him...

 

[ivertan00]

IIRC deferment is only allowed for full time students in recognised institute of higher learning (IHL), such as the JCs and 5 local polys. I don't think private education organisations (PEO) offering ACCA fall into this category.

Why have you not considered furthering your studies in local polys or 'A' levels? Enlistment would most certainly be deferred till after ur 'A' levels or diploma studies.

I am actually mroe concrened about my future which is my qualification rather than army, i still think ACCA is better than poly =)

 

[syncsam]

wow, 1st time i heard roy is messy haha i attended his F7 in the past too! i think he is neat and simplify all his notes to the extend that makes you have a wrong impression that f7 is easy. in tat sense, i agree with you that his notes are ineffective to tackle the real exams qs.

i join sami's f7 revision class and was shocked to realise the real standard of f7! sami picked all the most difficult qs in f7 history for revision class and uses his own style to do consolidation which is more time saving. i got a difficulty in switching from roy's traditional 5workings method to sami's scheduled method. therefore in the exam, i sticked to roy's method.

i completely switched to sami for p2 and learned his schedule method fully for exam and his ways are really very much time saving in exam.

if you read sami's handwritten notes without attending his class, i dun think it will work as he will write keywords and linking arrows around which can be confusing. go try out his revision class and decide which lecturer's method is better for u and plan for ur p2. gd luck

Thx for your suggestion. I still cannot appreciate the way he teach. Too many stories, then
rushing at 9.45 pm... For sure I wont take his P2!

 

[Biogentic]

I am actually mroe concrened about my future which is my qualification rather than army, i still think ACCA is better than poly =)

i still think it is better for you to take a polytechnic accounting diploma after that then take ACCA. there are many business issues that you need to understand first before jumping to acca. to add on, i doubt any of the fundamental acca paper teach u debit or credit concept, u need to pick up that one in polytechnic.

 

[ivertan00]

i still think it is better for you to take a polytechnic accounting diploma after that then take ACCA. there are many business issues that you need to understand first before jumping to acca. to add on, i doubt any of the fundamental acca paper teach u debit or credit concept, u need to pick up that one in polytechnic.

it actually does, i will be goin through CAT 1st and currently i am a accounting student at sec4 already, so i know all the basics. and i have consulted many already.

 

[Biogentic]

it actually does, i will be goin through CAT 1st and currently i am a accounting student at sec4 already, so i know all the basics. and i have consulted many already.

oh in that case, then maybe you should try doing CAT during army, after your army, continue with ACCA bah.. but i would always encourage a polytechnic diploma because in polytechnic, you dun learn accounting only there are other soft skills that are important too. for example, IT skills, Business etiquette, interview/resume/report writing etc... all these are not taught in CAT and ACCA.

 

[hongge]

ivertan00:
go for poly, dun go shortcut. other than what biogentic mentioned, poly is about making friendship and teamwork too which you wun be able to find in acca/cat. most ppl who are doing acca are individualist who minimise communication with ppl in class.

 

[70niner]

Just to add on that with a relevant diploma, u can gain some ACCA exemptions. Therefore a dip. + ACCA (with exemptions) route would be comparable to the full CAT + ACCA route.

 

[jasonns1987]

i still think it is better for you to take a polytechnic accounting diploma after that then take ACCA. there are many business issues that you need to understand first before jumping to acca. to add on, i doubt any of the fundamental acca paper teach u debit or credit concept, u need to pick up that one in polytechnic.

i through f3 gt teach

 

[ivertan00]

oh in that case, then maybe you should try doing CAT during army, after your army, continue with ACCA bah.. but i would always encourage a polytechnic diploma because in polytechnic, you dun learn accounting only there are other soft skills that are important too. for example, IT skills, Business etiquette, interview/resume/report writing etc... all these are not taught in CAT and ACCA.

ivertan00:
go for poly, dun go shortcut. other than what biogentic mentioned, poly is about making friendship and teamwork too which you wun be able to find in acca/cat. most ppl who are doing acca are individualist who minimise communication with ppl in class.

Just to add on that with a relevant diploma, u can gain some ACCA exemptions. Therefore a dip. + ACCA (with exemptions) route would be comparable to the full CAT + ACCA route.

Thanks guys for your reply so most of you guys are encouraging mi to go for a diploma first , but i have a query in mind , if u are in my shoes , would u consider go through the ACCA 3 yr route or the poly then uni / poly then ACCA route which is 5-6 yrs? because wat i know for accounting line is that both ACCA and UnI qualifies for CPA singapore and working longer in the line also will give u a higher rank and pay already. So which route would u guys choose??

I am just asking for yr point of opinion no offence yeah

 

[IDevil]

Thanks guys for your reply so most of you guys are encouraging mi to go for a diploma first , but i have a query in mind , if u are in my shoes , would u consider go through the ACCA 3 yr route or the poly then uni / poly then ACCA route which is 5-6 yrs? because wat i know for accounting line is that both ACCA and UnI qualifies for CPA singapore and working longer in the line also will give u a higher rank and pay already. So which route would u guys choose??

I am just asking for yr point of opinion no offence yeah

IMO, best would be JC > NTU Accountancy
or Poly > NTU Accountancy

If you have made up ur mind to stick in the accounting line, take ACCA straight, dont waste ur time.

 

[jasonns1987]

Thanks guys for your reply so most of you guys are encouraging mi to go for a diploma first , but i have a query in mind , if u are in my shoes , would u consider go through the ACCA 3 yr route or the poly then uni / poly then ACCA route which is 5-6 yrs? because wat i know for accounting line is that both ACCA and UnI qualifies for CPA singapore and working longer in the line also will give u a higher rank and pay already. So which route would u guys choose??

I am just asking for yr point of opinion no offence yeah

ACCA examination is not easy.

route----jc-------ntu accountancy.

 

[bobdogbluess]

Thanks guys for your reply so most of you guys are encouraging mi to go for a diploma first , but i have a query in mind , if u are in my shoes , would u consider go through the ACCA 3 yr route or the poly then uni / poly then ACCA route which is 5-6 yrs? because wat i know for accounting line is that both ACCA and UnI qualifies for CPA singapore and working longer in the line also will give u a higher rank and pay already. So which route would u guys choose??

I am just asking for yr point of opinion no offence yeah

Hi, for both suggestions above from JC/Poly to NTU accountancy routes would be good, but you need to achieve good results/GPA(for poly>top 5% of the cohort if i'm not wrong) respectively in order to be accepted by NTU.

Personally, I took the poly route and further my studies in ACCA which till now I'm quite satisfied and have no regrets. To add on previous posts, there is internship during the 3yrs of poly which I find it a fulfilling experience. There are many cases I heard which they study ACCA and work concurrently at their internship firms(i.e. big4) after graduation. Though it is very demanding, you will have a better experience in doing both tasks tgt if you can juggle them. Hope it helps=)

 

[ivertan00]

Hi, for both suggestions above from JC/Poly to NTU accountancy routes would be good, but you need to achieve good results/GPA(for poly>top 5% of the cohort if i'm not wrong) respectively in order to be accepted by NTU.

Personally, I took the poly route and further my studies in ACCA which till now I'm quite satisfied and have no regrets. To add on previous posts, there is internship during the 3yrs of poly which I find it a fulfilling experience. There are many cases I heard which they study ACCA and work concurrently at their internship firms(i.e. big4) after graduation. Though it is very demanding, you will have a better experience in doing both tasks tgt if you can juggle them. Hope it helps=)

ACCA examination is not easy.

route----jc-------ntu accountancy.

IMO, best would be JC > NTU Accountancy
or Poly > NTU Accountancy

If you have made up ur mind to stick in the accounting line, take ACCA straight, dont waste ur time.

Thank you guys but i am veri encouraged by wat IDeveil said, so i guess i willl go for ACCA yeah Thanks alot for yr precious comment!