is CFA useful?
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yearly n payment in poundsOriginally posted by pie:Don't forget you need to pay for membership fees after you pass your CFA, just like any other professional qualification, and its not cheap. Can't remember if its monthly or yearly, maybe the company will sponsor you
very exp. -
cert still counts but yr name will not be in their register lahOriginally posted by shinta:so my cert become worthless? or what? -
if they are somewhere near, just slightly tougher compared to my poly papers, i can pass wellOriginally posted by Kenashi:don't underestimate first 3 papers
gd luck
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does it matters den?Originally posted by Kenashi:cert still counts but yr name will not be in their register lah -
Don't bother taunting me; this discussion was about how useful ACCA was, not how well i'll do in it.Originally posted by Kenashi:how u fare is definitely relevant, if u can't get the final cert what is the use of being able to take the exams
u guess too much, try taking the exam n post yr result here n we can see how gd u r at guessing
yr friends ???, who in the rite mind will take both a degree n acca at the same time
most will get their degree then take acca since that will exempt them from 2 levels of the acca. i wonder how much u really know
And the main point was *anybody* can do it. get it?
For goodness sake grow up.
As for who in the rite mind will take both a deg + acca @ the same time, it's because it saves them time, and they're not from biz fac. obviously you're not familiar with the concept of studying in uni. But I digress...
In any case, in the event that they can't find a job, they (as in say, degree + acca holders) would almost most certainly displace all the other ACCA holders. In major corporations anyway.
That's just the way it works. Though at this point, it's purely hypothetical, because it stands to reason that their CVs would be much nicer then just simply ACCA. -
I see...Originally posted by shinta:u dun need o levels i think.. just be above 21.
cos if u're not, u need to complete a dip before they allow u to skip level one, or at least taken LCCI to sit for level 1 papers
Thanks! Didn't know that... -
at level 3, u can write a thesis paper or sth, and hand it in. once u pass that, u get a degree from oxford brookes.Originally posted by nomood:Don't bother taunting me; this discussion was about how useful ACCA was, not how well i'll do in it.
And the main point was *anybody* can do it. get it?
For goodness sake grow up.
As for who in the rite mind will take both a deg + acca @ the same time, it's because it saves them time, and they're not from biz fac. obviously you're not familiar with the concept of studying in uni. But I digress...
In any case, in the event that they can't find a job, they (as in say, degree + acca holders) would almost most certainly displace all the other ACCA holders. In major corporations anyway.
That's just the way it works. Though at this point, it's purely hypothetical, because it stands to reason that their CVs would be much nicer then just simply ACCA. -
no problem..Originally posted by nomood:I see...
Thanks! Didn't know that... -
Ah good point.Originally posted by shinta:at level 3, u can write a thesis paper or sth, and hand it in. once u pass that, u get a degree from oxford brookes.
Now the question is, how relevant/valuable is that degree?
I know of some 10-12 people who have graduated from SMI finding it difficult to find 'proper' employment; all with the exception of one who grad with 1st class are in performance sales jobs, such as insurance, real estate, etc.
They effectively have no distinct salary advantage over someone with O levels' certification and selling insurance, since there isn't even a basic pay.
And hence the question: how valuable is your certification? Can you be displaced easily?
My contention is that if it is too easily attainable, it cheapens the entire value of studying for it.
Oh well, obviously there are others who think that a degree is just a degree. Or ACCA is equivalent to an accounting degree. They could be right, who knows? *shrugs* -
hmm, frankly I have no clue what ACCA is about since I've never taken it but I do know quite a few people who took a degree and ACCA at the same time, reason they gave was that arts degree + acct is better job security. But I've been told that it's not too easy since I know quite a few slackers who failed ACCAOriginally posted by Kenashi:how u fare is definitely relevant, if u can't get the final cert what is the use of being able to take the exams
u guess too much, try taking the exam n post yr result here n we can see how gd u r at guessing
yr friends ???, who in the rite mind will take both a degree n acca at the same time
most will get their degree then take acca since that will exempt them from 2 levels of the acca. i wonder how much u really know
EDIT: threadstarter was asking whether CFA useful - I have no clue
since I'm not in the finance sector. But all my friends doing finance (in 1 way or another, including bank/investment jobs which is what I guess you're keen on) have it ... apart from the ones with 1st for degree .... not sure if this helps ^.^;; -
That is IF u're in a sufficiently high position warranting the use of the CFAOriginally posted by pie:Don't forget you need to pay for membership fees after you pass your CFA, just like any other professional qualification, and its not cheap. Can't remember if its monthly or yearly, maybe the company will sponsor you 
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Already Saturated.Originally posted by nomood:Assuming you can gain employment, it might be worth getting.
But nowadays any tom dick or harry are just taking it for the fun of it. Spoiling market. Wouldn't be surprised if Singapore starts super-saturating with ACCA qualified people. -
Originally posted by Erinu:
ACCA is more difficult than an accounting degree... during my days anyway. I knew of ppl from NTU/NUS failing in the last 4 papers.
hmm, frankly I have no clue what ACCA is about since I've never taken it but I do know [b]quite a few people who took a degree and ACCA at the same time, reason they gave was that arts degree + acct is better job security. But I've been told that it's not too easy since I know quite a few slackers who failed ACCA
EDIT: threadstarter was asking whether CFA useful - I have no clue since I'm not in the finance sector. But all my friends doing finance (in 1 way or another, including bank/investment jobs which is what I guess you're keen on) have it ... apart from the ones with 1st for degree .... not sure if this helps ^.^;;[/b]
Of course most will like to have a lot of job security. But the paper chase is pointless as after the first year, experience matters.
IMHO, CFA will beuseful for ppl who works / plan to work in the financial services. The empahsis is in fund mgt, portfolio analysis/balancing, financial planning and tools etc...most relating to operations of a financial institution boutique investment house.
with the right atittude and experience, any accounting qualification will cut it in the industry... of course, CFA will always give u an added advantage. -
it matter if u want to be a professional, like a CPAOriginally posted by shinta:does it matters den? -
yawns!! anybody can get rich, but can u really have a billion dollars??Originally posted by nomood:Don't bother taunting me; this discussion was about how useful ACCA was, not how well i'll do in it.
And the main point was *anybody* can do it. get it?
For goodness sake grow up.
As for who in the rite mind will take both a deg + acca @ the same time, it's because it saves them time, and they're not from biz fac. obviously you're not familiar with the concept of studying in uni. But I digress...
In any case, in the event that they can't find a job, they (as in say, degree + acca holders) would almost most certainly displace all the other ACCA holders. In major corporations anyway.
That's just the way it works. Though at this point, it's purely hypothetical, because it stands to reason that their CVs would be much nicer then just simply ACCA.
same concept, u still haven't grown out of yr shell, that why u can't understand simple logic
yap rite, make it sound so easy that guys like u think acca drop from the sky
jack of all trade, master of none -
Originally posted by deathscythe99:
Depends on which organisation too - there are people who are not in managerial positions that are being sponsered
That is [b]IF u're in a sufficiently high position warranting the use of the CFA[/b]
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actually.... i think degree or not, the certs are useless...\Originally posted by nomood:Ah good point.
Now the question is, how relevant/valuable is that degree?
I know of some 10-12 people who have graduated from SMI finding it difficult to find 'proper' employment; all with the exception of one who grad with 1st class are in performance sales jobs, such as insurance, real estate, etc.
They effectively have no distinct salary advantage over someone with O levels' certification and selling insurance, since there isn't even a basic pay.
And hence the question: how valuable is your certification? Can you be displaced easily?
My contention is that if it is too easily attainable, it cheapens the entire value of studying for it.
Oh well, obviously there are others who think that a degree is just a degree. Or ACCA is equivalent to an accounting degree. They could be right, who knows? *shrugs*
it's the stuff i learn in class, and how to put it to use... that's really valuable.
certs? where's the paper shredding machine? -
i wanna be a professional, in housekeepingOriginally posted by Kenashi:it matter if u want to be a professional, like a CPA -
then join a cleaning agencyOriginally posted by shinta:i wanna be a professional, in housekeeping -
when nellie earns enuff... i clean my own place...Originally posted by Kenashi:then join a cleaning agency
den i have to teach my kids not to be like my sis....
she'd sweep all the peanut shells onto the floor just after i'm done mopping
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So, after all that hoo ha, it's still agreed that tom/dick/harry can take ACCA?Originally posted by Kenashi:yawns!! anybody can get rich, but can u really have a billion dollars?? -
anyone can take ACCA...Originally posted by nomood:So, after all that hoo ha, it's still agreed that tom/dick/harry can take ACCA?
but how many of them can complete the course in 10 years?
it's not exactly easy... n i have frenz tellin me its much easier gettin a degree in accountancy den an ACCA cert. -
It may not be easy, but the fact that anyone can take it makes it a lot less exclusive.Originally posted by shinta:anyone can take ACCA...
but how many of them can complete the course in 10 years?
it's not exactly easy... n i have frenz tellin me its much easier gettin a degree in accountancy den an ACCA cert.
The whole idea of being a 'professional' is so that others don't just waltz in and take over your job. Most professional courses whittle down their numbers in university by taking in the best students in JC. Unfair, but effective.
If they allow anybody to simply take, say the bar exams in the law society and skip the elimination process altogether, then law wouldn't be as exclusive as it is now, would it? never mind that it may be difficult and all, but by opening up another group of people another shot at it makes the profession a lot less exclusive then it really ought to be. -
its not that easy what... the world passing rate for each subject is about 40+%, that number is published in ACCA Student accountant magazine... the fastest you can get ACCA if you start from level one is about 2.5 years... if fail can still retake and retake so those who really need the qualification might eventually get it... but I know of people who give up after level one and level two... my lecturer said that only 10% of people who take ACCA will end up with the certification... Dont know whether true or not...Originally posted by nomood:And hence the question: how valuable is your certification? Can you be displaced easily?
My contention is that if it is too easily attainable, it cheapens the entire value of studying for it.
Oh well, obviously there are others who think that a degree is just a degree. Or ACCA is equivalent to an accounting degree. They could be right, who knows? *shrugs* -
me... I am taking both degree and ACCA at the same time... but my degree is Bsc business... and although I can be exempted from some modules, I still want to take them... ACCA is definately more difficult than taking a degree...Originally posted by Kenashi:who in the rite mind will take both a degree n acca at the same time
most will get their degree then take acca since that will exempt them from 2 levels of the acca. i wonder how much u really know