Icaew Vs Acca

ICAEW VS ACCA
Mwasima T. There is no major differences between the two qualifications

however, in the UK the recruiters makes a big deal as to whether you have
ACCA or ICAEW. This is because all they do is attempt to meet their client's
specifications. Therefore it is all the attitude of the recruiting companies
(managers) to favour one qualification as compared to the other. It is more
likely that if a recruiting manager is ICAEW qualified he will certainly favour
candidates of within the ICAEW qualifications vice versa. All I can advise is to
bear in mind that the ACCA and ICAEW are both high quality professional
qualifications. It will be considered more appropriate for you to get an entry
accounting job and develop from within the company from where you can
deduce which qualification is favourable. The employer would also be able to
assist with your personal and career development by allowing you study leave,
possibly fund part or full course fees and assisting with your practical work
experience which now is one of the fundamental requirements of all the
professional qualifications.
Kelley O. As a Tutor of both ACCA & ICAEW exams I would say the majority of
people find the style of the ICAEW more challenging than ACCA. Put it this way I
have taught a number of students over the past 7 years who have struggled
with ICAEW and failed a number of exams who then switch to ACCA exam
instead and manage to go on and pass them. I have yet to come across a
student who has struggled with ACCA and then switched to ICAEW.
The content of the 2 is similar, it is the style of the ICAEW exams (questions
less structured, longer scenarios to deal with, greater time pressure and no
optional questions) that can make ICAEW more challenging for some students.
Jack H. I've been told by an accountant at bpp that icaew is harder but they
are very similar. I think the main difference is that acca is more internationally
recognised but i think it depends on what your plans on which you should do.
Arunan S. I found an interesting statistic this week. 57% of all ACCA

members are based outside the UK and 15% of ICAEW members are based
outside the UK. The number of members are similar but the ACCA is far more
globally recognised compared to the ICAEW. If you want an accountancy career
globally and not just in the UK choose the ACCA. The ACCA seems to be a lot
more popular to study compared to the ICAEW at the moment.
Locutus | Fri, 17/08/2012 - 11:09 | Permalink

I started my career in the late 1980s with a medium sized Chartered practice. I
didn't have a degree so had to do AAT, which I passed with flying colours. At
that firm at that time there was a huge snobbery with Chartered - so much so
that Chartered was out of the question. You had to be a really "special" person
to be considered. I left and qualified as an ACCA a couple of years later.
Since 1997 I have worked at many Chartered or Certified practices either as an
employee or as a self employed freelancer. Over that period none (and I really
mean none!) had been training ICAEW Chartereds whilst I worked there trainees were either AAT or ACCA. Small practices just don't seem to train
Chartereds any more ... and haven't been for a while.
When I started my career, ICAEW used to be regarded as the bastion of the
elite - and to some extent ACCA was for those who weren't good enough. Now
that distinction has largely been eroded, so much so that I couldn't even be
bothered to apply for the "Pathways" conversion from ACCA to ICAEW when
that came along.
In 20 years time I think ACCA and ICAEW would have merged, since ICAEW's
membership would have shrunk so much due to members retiring and a
dwindling number of new members coming through.
Mr abc I used to work at BDO, and we always promoted ICAEW above ACCA.
Besides being more prestigious, BDO also offered full sponsorship for staff who
wanted to pursue their ICAEW qualifications. And as mentioned earlier, there's
no point getting more than one qualification - just pick one and follow through
with it.
As for what to expect working for any of the Big 4...well, don't expect to have
any social life. Or any life whatsoever. Be prepared never to have your leave
approved, or, if it's approved, to be canceled last minute. Expect to work
ridiculously long hours. Expect to have difficult clients, difficult
seniors/managers/partners. The burnout rate is quite high.
You might want to consider a career in Advisory. Go for your professional
qualification, get sponsored, complete the working experience requirement so
you can be fully certified, then apply to transfer to one of the Advisory divisions
- Corporate Governance, Risk and IT Advisory, etc. Heck, even the people who
transferred to Tax were much happier than the ones who stayed in Audit.
MR ASE This is a century old question. Time has changed everything for the
last 15 years. In today's modern world, the gap has gone between ACCA &
ICAEW.
The final conclusion is both ACCA & ICAEW are equal in quality & standard.
Those who're still debating between these 2 qualifications are those who never
kept themselves updated of the latest development in the last 15 years.
Miss SUE Just get one will do, either ACCA or ICAEW. After that you can pursue
master or CFA if you wish.
Miss Dorothy CFA will be a qualification fully focused on finance, very very
thorough study of it. ACCA and ICAEW would be audit, tax, finance, costing,
management, etc.
Mr Chan ICEAW is more prestigious in UK because it is recognised as Chartered
Accountant in UK, second is CIMA's strong brand in UK because it is recognised
as Chartered Management Accountant, and followng is ACCA's strong network
of the world, because it is second largest Accounting Body in the world. (AICPA
is the largest accounting body in the world).
As I said, ACCA has strong network around the world, personally recommend
you to do ACCA, you can be Chartered Accountant around the world with ACCA
holder. Even I am finally qualified as ACMA (CIMA graduate), but ACCA is very
flexible than CIMA. However, if talking about business strategy, CIMA is top 1
for business accounting.
CIMA specialises on management acc / financial managament / business
strategy. ACCA specialises on financial acc / auditing / taxation.
You mean ACCA and ICAEW are the same? But ICAEW is more to business and
finance while ACCA is more to tax, assurance and auditing right?
But many employers are still discriminating ACCA holders when they are with
ICAEW holders, that's why there's still a gap between both of them.
ICAEW is harder than ACCA, but since both of them are the same, people will
be encouraged to take ACCA instead of ICAEW.
Both ACCA & ICAEW focus on the same thing ie auditing, tax, financial
accounting. They have the same syllabus contents & same level of exam
difficulty. You would agree with me if you do a detail research of it. CIMA is
different from ACCA & ICAEW because CIMA focus more on business, finance
and
management
In UK & Msia, employers view all the 3 bodies as the same.
accounting.
If someone says one is better than the other, most probably that person does
not keep himself/herself updated with the latest development or have no idea
at all concerning this profession.
Bear in mind, ICAEW exam is open book and have 3 exam sittings per year.
ACCA & CIMA is a closed book exam and candidates must know everything on
their fingertips & there're only 2 exam sittings per year. Less chances to
graduate fast.
But why many people are saying that ICAEW is more prestigious. Their saying
makes ACCA less valuable. And ACCA holders are increasing nowadays but
ICAEW holders are still less than ACCA holders. I don't know how true it that.
One cannot fail ICAEW exams for maximum 5 times right?
Under the ICAEW Pathway membership, ACCA/CIMA members of at least 5
years can gain ICAEW membership without having to sit for the ICAEW exam.
Whilst ICAEW members must sit for the ACCA/CIMA exam if they wish to
become ACCA/CIMA members.

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ICAEW VS ACCA

Mwasima T. There is no major differences between the two qualifications

Arunan S. I found an interesting statistic this week. 57% of all ACCA

Locutus | Fri, 17/08/2012 - 11:09 | Permalink

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