ACCA Students.

[rottingapple]

Accounting again? If I wan another accounting qualificaition, I rather go for master(if non top-up type) in accounting offered in Kaplan or Easb:

http://www.easb.edu.sg/en/academic-programmes/postgraduate/university-of-southern-queensland/master-of-professional-accounting.html[/URL]

Master Degree | Master of Professional Accounting at Kaplan

although, the entry requirement never write, I assume the 'professional qualification' refers to ACCA/CIMA or similar rite? And the cert recognised by cpa(aus) which is good too.



At least you got 'master' not 'degree', easier to become lecturer and obviously ppl will think master better degree. If I go for a degree, cannot be on accounting. If not really waste money.

the sim must have 2 yr work exp. I cannot enter yet.

I think u go for murdoch better. why? recognised by SQP, ICAA and CPA(aus).

plymouth uni, I dunno, recognised by SQP?

Am I the only one that feel insulted? my colleague poly grad took 6 years to clear ACCA not recognised for sqp.

The plymouth uni, I think 1 yr very likely to pass(correct me if I am wrong), yet recognised by sqp.

im actually pondering whether to continue acca or just take up a degree and enter sqp, but on one hand my acca fren who has not even complete f9, is being recruited into E&Y, give me some hope that ACCA is still employable. and to give up on acca and take a degree is really a waste of my efforts on acca.

yes plymouth can enter sqp, murdoch i tried asking the personnel they havent reply me yet.

maybe u can take some finance degree if u like to, seems good, maybe can be cfa. yes nowadays lecturers are generally masters holders and above if u aim to teach above tertiary level.
you need to call kaplan and check again with their requirement.

 

[nitokit]

she's not continuing. but she only want to attend the classes for P levels so as to prepare for SQP professional exams.

while me, im currently finishing my fundamental acca as well, should i take up uni courses like murdoch uni in kaplan, hold off my acca, meanwhile finish the 16 month acct degree, then start work in ato and continue with P papers?

CA from SQP has a better advantage than ACCA CA. according to wad my fren heard from the YMCA talk just few days ago organised by SAC and ACCA

Are you sure CA from SQP is better than ACCA CA? In what way?
I'm sure it's just an advertisement gimmick from those who created a new program called SQP and it's funny how they hoodwink people like you to waste your time, effort and money abandoning ACCA to join SQP

O well, up to you....peace

 

[windstryker]

she's not continuing. but she only want to attend the classes for P levels so as to prepare for SQP professional exams.

while me, im currently finishing my fundamental acca as well, should i take up uni courses like murdoch uni in kaplan, hold off my acca, meanwhile finish the 16 month acct degree, then start work in ato and continue with P papers?

CA from SQP has a better advantage than ACCA CA. according to wad my fren heard from the YMCA talk just few days ago organised by SAC and ACCA

I went for that talk also. They only briefly say that it will have more agreements with other accountancy bodies to be mutually recognised, but no details at all have been finalized.
In comparison, ACCA has always been recognised even by other accountancy bodies such as CIMA, ICAEW etc. By recognition means direct entry or significant exemptions. Not always on a full scale, but I doubt CA (through the SQP route) can pull off a full scale recognition (most likely still subjected to local tax and law).

Probably by the time CA finalize their recognition discussions and be able to differentiate between the grandfathered and non grandfathered, it would be many years down the road. By then, it would not be that significant any more with your experience, full acca and grandfathered CA.

Moreover, if you have been to the talk, you would have heard how they tried to smoke people when questioned about usefulness of the ICPAS plus route over the ACCA only route. End of the day, its only about the "additional networking opportunities, seminars, technical forums". Maybe like what nitokit says, its just another way to earn your money?

And when people asked if they could be grandfathered in as CA and yet still go for the CA under SQP, SAC's Uantchern Loh's reply was something along the lines of "we won't stop you, of course you can" (which I interpret as there wont be any need to).

That's just my humble two cents worth. Some of it are really based on my interpretation here and there, so it may be wrong. Decision is yours. Hope you make the right decision

 

[rottingapple]

i will continue acca, dont want to waste my efforts till now. if i stop it's neither here nor there i will feel uneasy.

 

[Kenzo88]

Anyone taken p3 before can advise how to grasp the concepts and models with the remaining time left?

 

[trax17]

Seems like there are quite a number of people who think that ACCA certificate will become useless just because of SQP.

Not sure why that is so because ACCA is a professional qualification that is recognized worldwide. Particularly in MNCs, do you seriously think that they will not recognize ACCA just because SQP is introduced? If your prospective boss is from England, you think he will rank SQP higher than ACCA?

Putting CPA/CA title aside, i believe students will be equipped with the necessary accounting knowledge regardless of whether they are taking up ACCA or SQP. Furthermore, you do not need to be a CPA/CA unless your job requires you to be one (e.g. external auditors). Holding the CPA/CA title will enhance your resume but does not necessarily give you an advantage over someone who doesn't hold the title (when it comes to job application).

Just my thoughts though.

 

[GunzerX]

Seems like there are quite a number of people who think that ACCA certificate will become useless just because of SQP.

Not sure why that is so because ACCA is a professional qualification that is recognized worldwide. Particularly in MNCs, do you seriously think that they will not recognize ACCA just because SQP is introduced? If your prospective boss is from England, you think he will rank SQP higher than ACCA?

Putting CPA/CA title aside, i believe students will be equipped with the necessary accounting knowledge regardless of whether they are taking up ACCA or SQP. Furthermore, you do not need to be a CPA/CA unless your job requires you to be one (e.g. external auditors). Holding the CPA/CA title will enhance your resume but does not necessarily give you an advantage over someone who doesn't hold the title (when it comes to job application).

Just my thoughts though.

Just to add on ...If u got a CA via SQP, u are so called automatically a ICAEW CA member in UK for instance. No need to take any further exams. On the other hand, ACCA is global recognised as professional qualification. However, they are not considered recognised as accounting practising professional in national bodies (ICAEW, ICPAS etc).

In accounting job, ACCA or acct degree is enough to be an accountant or manager etc. Unless you are talking about Chartered Accountant, future CFO may need to be CA qualified? I read from the the transitional powerpoint slide that CA qualification could consist of Internal, External Audit and also CFO route? That could also meant that CA is not just meant for Practising cert in audit firm but to get a big role or specialise in certain accounting areas like CFO?

I not sure if anyone of us went for the SQP preview section, probably can ask if QP is only only for auditors or also for other acct roles such as CFO, IAU?

 

[GunzerX]

I went for that talk also. They only briefly say that it will have more agreements with other accountancy bodies to be mutually recognised, but no details at all have been finalized.
In comparison, ACCA has always been recognised even by other accountancy bodies such as CIMA, ICAEW etc. By recognition means direct entry or significant exemptions. Not always on a full scale, but I doubt CA (through the SQP route) can pull off a full scale recognition (most likely still subjected to local tax and law).

Probably by the time CA finalize their recognition discussions and be able to differentiate between the grandfathered and non grandfathered, it would be many years down the road. By then, it would not be that significant any more with your experience, full acca and grandfathered CA.

Moreover, if you have been to the talk, you would have heard how they tried to smoke people when questioned about usefulness of the ICPAS plus route over the ACCA only route. End of the day, its only about the "additional networking opportunities, seminars, technical forums". Maybe like what nitokit says, its just another way to earn your money?

And when people asked if they could be grandfathered in as CA and yet still go for the CA under SQP, SAC's Uantchern Loh's reply was something along the lines of "we won't stop you, of course you can" (which I interpret as there wont be any need to).

That's just my humble two cents worth. Some of it are really based on my interpretation here and there, so it may be wrong. Decision is yours. Hope you make the right decision

Actually ICPAS plus not much difference when we are still a student of ACCA. End of day once we complete ACCA, whoever sign up for CPA/CA singapore. Your liability for this membership is to clock a certain number of hours for CPE. That's when yr seminar and free training help to clock yr membership liability. So it is still useful!

 

[Biogentic]

Seems like there are quite a number of people who think that ACCA certificate will become useless just because of SQP.

Not sure why that is so because ACCA is a professional qualification that is recognized worldwide. Particularly in MNCs, do you seriously think that they will not recognize ACCA just because SQP is introduced? If your prospective boss is from England, you think he will rank SQP higher than ACCA?

Putting CPA/CA title aside, i believe students will be equipped with the necessary accounting knowledge regardless of whether they are taking up ACCA or SQP. Furthermore, you do not need to be a CPA/CA unless your job requires you to be one (e.g. external auditors). Holding the CPA/CA title will enhance your resume but does not necessarily give you an advantage over someone who doesn't hold the title (when it comes to job application).

Just my thoughts though.

to be frank, be it CPA/CA/ACCA as long as you have one of it, you are highly employable and recognised. I have worked in many mnc companies before and recently in a very global organisation, i can tell you less than 5% of the finance staff be it in singapore or their HQ office hold a cpa/ca or acca.
To be a cfo, you dun even require to hold an accounting degree or accounting title... it is more of a leadership role/management role, not about whether u are well versed in IFRS. However if u aim to become a senior manager, director or partner of an audit firm, then it is altogether a different ball game.. there u aim to get as many membership as possible to prove u are highly qualified so your clients believe your credential

 

[Afro69]

SQP is new & it's designed in Spore. Spore is renown for its accountancy standards & the high quality of Accountants/Finance professionals it produced, high time it has its own accreditation platform.

 

[Afro69]

plymouth university? one yr top up accounting degree. but i nv heard the sch b4

murdoch university? 16 months course for bsc commerce in accounting. i probably will go for that compared to plymouth.

unisim 4 yr acct degree + honours if im not wrong. definitely recognised by govt and SQP. but too long.

Murdoch, RMIT, Bradford, Plymouth Uni programs offered at our Pte schs are all about the same, not exacty world class are they? All are what's known as 2nd tier! Their lecturers are mostly associates that teach across the numerous pte schs. Deciding factors to choose should be based on price, duration & campus location. Personally, i won't want to be squeezed inside classrooms with 1:40 teacher/student ratio. so that's another criterion to check out when assessing.

 

[blackmirror]

HI I wanna ask abt the post 3 yrs relevant experience.
How do I go abt it clocking?
Is it that I must complete the job objectives that are already set out in the ACCA portal, then type out on a piece of paper on how we achieve the objectives and ask the person with CPA to sign?

Is it just like tat or what?

 

[qiangyi]

Hi,

can i check whats the best school for ACCA now ?
any idea ?
i am comparing SAA and Kaplan.

 

[moohaha]

Hi, any recommendations on the text books or video source for self study? Which school textbooks are better?

Thanks

 

[choobsnata]

Hi everyone!

Is it advisable to self study the following units: f4, f5 and f8?

 

[mingliang104]

Seems like there are quite a number of people who think that ACCA certificate will become useless just because of SQP.

Not sure why that is so because ACCA is a professional qualification that is recognized worldwide. Particularly in MNCs, do you seriously think that they will not recognize ACCA just because SQP is introduced? If your prospective boss is from England, you think he will rank SQP higher than ACCA?

Putting CPA/CA title aside, i believe students will be equipped with the necessary accounting knowledge regardless of whether they are taking up ACCA or SQP. Furthermore, you do not need to be a CPA/CA unless your job requires you to be one (e.g. external auditors). Holding the CPA/CA title will enhance your resume but does not necessarily give you an advantage over someone who doesn't hold the title (when it comes to job application).

Just my thoughts though.

I agree that ACCA will still be highly regarded by employers in Singapore in the near future. Just a little bit of update, for the new SQP, candidates with a non-accredited degree in any discipline and having completed ACCA F1-F9 modules will be fully exempted from the Foundation modules of SQP. This means direct entry into the Professional modules of SQP. To me, this shows that attaining ACCA level 2 is equivalent to completing the SQP foundation modules and completing the whole ACCA is equivalent to completing the SQP professional modules. Basically what SQP covers, ACCA covers as well. I believe ACCA still has its value despite the current situation which do not allow future ACCA candidates to attain the new CA. Just my 2 cents.

 

[mingliang104]

Hi,

can i check whats the best school for ACCA now ?
any idea ?
i am comparing SAA and Kaplan.

Generally, the ranking for ACCA tuition providers in Singapore seems to be in this order..
1) LSBF
2) Kaplan
3) SAA
4) FTMS

Maybe u can consider LSBF.. I heard from my friends that the lecturers at LSBF is really good even though its more expensive as compared to the rest. Not sure how much FTMS charges though.. They listed the full course fees as one lump sum on their website.

 

[GunzerX]

I agree that ACCA will still be highly regarded by employers in Singapore in the near future. Just a little bit of update, for the new SQP, candidates with a non-accredited degree in any discipline and having completed ACCA F1-F9 modules will be fully exempted from the Foundation modules of SQP. This means direct entry into the Professional modules of SQP. To me, this shows that attaining ACCA level 2 is equivalent to completing the SQP foundation modules and completing the whole ACCA is equivalent to completing the SQP professional modules. Basically what SQP covers, ACCA covers as well. I believe ACCA still has its value despite the current situation which do not allow future ACCA candidates to attain the new CA. Just my 2 cents.

Does that mean oxford brookes plus lvl 2acca is enough?
Hw abt those with acca lvl3 completed?

 

[AirBach]

Generally, the ranking for ACCA tuition providers in Singapore seems to be in this order..
1) LSBF
2) Kaplan
3) SAA
4) FTMS

Maybe u can consider LSBF.. I heard from my friends that the lecturers at LSBF is really good even though its more expensive as compared to the rest. Not sure how much FTMS charges though.. They listed the full course fees as one lump sum on their website.

The 4 "Heavenly Kings" in LSBF was formerly from Kaplan. That is what I call business risk associated to a school when key staff/lecturers left.

 

[mingliang104]

Does that mean oxford brookes plus lvl 2acca is enough?
Hw abt those with acca lvl3 completed?

Sadly, the newly formed SAC (Singapore Accountancy Commission) which is the driving force behind the launch of SQP, mentioned that at this point of time, the OB degree attained through ACCA will not be recognized as it does not fit into their criteria of a proper undergraduate degree since it is awarded through completion of a research essay. However, they have just signed a letter of intent yesterday (25th April) with ACCA to 'explore a reciprocal membership agreement between both sides'. So currently, we will just have to wait and see how it goes..