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Hi, sorry I have only just seen your post. Yes I did and it was all worth it. It opened a lot of opportunities and is continuing to do so, cause both CPA Ireland and Chartered Accountants Ireland have now amalgamated as one, so I can use both ACA and CPA designations too. CPA Ireland are very supportive to their members and I am very grateful for being a member.
Hi All, I hope everyone is ok. I can’t believe it has been 5 years this year since I posted this. I hope those, who first commented or posted as well, have now progressed to becoming an ACCA member and those still in the process are still keeping on. It has been life-changing since I qualified, so many opportunities, but life is full of surprises. Sometimes you get down, then you stand up again. Looking back, I was actually failing upward without realising, cause I have learned so much and I still keep learning. I can’t wait to see and experience what lies ahead…
Enjoy the journey.
Great work Thirthy, it is a testament that if you really want to achieve something, it is indeed possible. All we need to do is to not give up and utilise the resources available on the site and other sources.
I am very happy to see people here who keep trying and trying until they succeed.
For those who can’t see the light at the end of the tunnel through their own eyes at this point, trust that there are many of us who were in your position and situation and we can assure you, there is light, just keep going.
Happy Sunday.
Thanks, I would like to change the threshold in capitalising fixed assets. How do I establish a new threshold? The current threshold is outdated as it’s been used for over 10 years.
I understand that factors to consider would be the size of the company and also the materiality of the impact to the P & L.
Any advice on how to calculate the correct threshold?
The exemption calculator shows the approximate number of exemptions you may get for the degree you achieved subject to review by ACCA once you applied for exemption. Module means subject.
i found pathway 1 challenging, esp the exam part which I failed. I did well with the courseworks though. I decided not to continue cause I was struggling to prepare for the exam. The whole process is really educational and I learned a lot from the experience. I am sure parthway 2 will also be challenging but I think I am ready, cause at least, I am doing it only as an additional credential to the ACCA membership rather than aiming to achieve both with pathway 1. There was a lot more pressure.
I am only doing Global Issues module in July. There’s a lot of reading involved and I am not sure if I have the energy and time to do two modules at the same time, but it is possible to do both.
Hey Aniak,
I am doing pathway 2 in July 2020 also. I moved from parthway 1 to 2, since I’ve become a member now. Anyway, it is a bit time demanding cause there is a lot to read and the approach is really academic. I think we should get an email in June about access and stuff.
Keep us posted also.
Thanks,
ED
From what I learned previously, your ACCA transcript will show the grade provided by UoL.
It is also possible that your manager says he is qualified because he completed his exams and did not become a member of a professional body or his membership lapsed.
If I were in your position, I would look at my intention of why I should be bothered about it. And If you are proven right and your manager loses his job, does that make you happy?
Or if you are wrong and your manager learned you raised this concern, imagine what that might do in your relationship.
It might be worth taking your time to think things through more. If I were in your shoes, I wouldn’t give up ACCA but I can understand your situation. The reason is I know that I worked hard for it and it is an achievement that even though I do not necessarily want to practise, it is a reminder of my hard work. I won’t give it up because I want to be grateful for the opportunity that I have been blessed with and which most people are aiming to achieve.
I am sure you can reinstate when you are ready to go back should you decide to take a break or not to renew your affiliate membership. Read up about the impact on your decision on ACCA website.
Of course, follow your heart, you know which path to take that would make you happy.
Life is too short to be unhappy.
Very well done, Namrata!! It’s great to know you have qualified. I’d say, let’s pay it forward by helping other students on here who may need our support.
There is another thread on this topic, https://opentuition.com/topic/acca-masters-with-university-of-london/page/3/
I started the PG Cert, the exams are just as difficult so I gave that up because I failed the exam part and also I became an ACCA member, so now I am doing the MSc pathway 2 starting Jan 2020. Let’s see how that goes.
I’d say, the courseworks and exam require a lot of dedication.
I think it is worth doing it. There is also another similar qualification with RGU MSc in Accounting & Finance which can be completed within 9 months. Have a look.
Hi thelotr,
The best action is for you to contact ACCA directly if you cannot find the details on the website. They will assess your current status and let you know how many papers to take and maybe look at the exemption database on ACCA website.
https://www.accaglobal.com/gb/en/help/exemptions-calculator.html
The ACCA qualification consists of 13 papers only. You may be confusing it with ACCA CAT (Certified Accounting Technician)?
Hope this helps.
Thanks.
Hi Samantha, it might be a system-related issue or the paper is not available in the venue you selected? Or maybe try again later or tomorrow, or pop in a query to ACCA.
Some companies are not really bothered about PQE so they tend to be vague about this. I think that it is worth taking a risk in applying, highlighting your relevant experience and attributes that make you suitable to the role.
The problem with just going for newly qualified jobs is that they tend to target less experienced candidates or ones with just the right number of experience, which will drive the salary offer that these companies are willing to pay.
Hi Indy,
In order to be ACCA qualified, all of the ACCA exams you detailed above should be cleared either by exemption or exam pass, complete your three-year working experience record signed by a qualified accountant, and pass the online ethics exam.
You can start by registering with ACCA as a student and then apply for exemptions. Once that’s done, book your exam, study or prepare for the exam, and bobs your uncle.
Only ACCA can award the certification once you satisfy the requirements. Open Tuition is a site you can use to study. They have fantastic tutors, lectures, and learning materials. All for free.
Good luck!
ED
I am not sure, but it is worth checking with a US school and present to them the equivalency letter provided by ACCA. You may also convert it to Oxford Brookes BSc degree by completing a project to obtain the academic Bachelor degree.
@isabelber said:
Do you work for CPA Ireland?Hi Isabel, I don’t work for CPA Ireland. I am an advocate of both CPA and ACCA.
Do you intend to study CPA or ACCA?
CPA Australia does not have MRA with ACCA, based on their website.
However, ACCA has strategic alliance with CA of Aus and NZ.
CPA also states that they will assess exemption applications on a case by case basis, so it is worth inquiring with them?
Hi, I think you have to pass both the Tax and Audit papers. There are only 4 option P papers to choose from, the other two are more relevant to Industry than public practice.
For F papers, you have to pass them all or take some exemptions if you are eligible.
I also asked google for you, please see the following link, bullet point no. 5,
Hi Sonia,
Well done!!! I would say, all P papers are difficult so if I were you, I would ask myself which topics that seem to resonate well with me or I have affinity with. If you know you hate tax, then that’s not an option for you. Also. look at the trend on ACCA or OT website for the pass rate.
Best of luck!!
Hello,
There is another thread on here that is relevant to your issue about someone wanting to give up ACCA.
Anyway, for your first question, the advance diploma definitely has a value as it is an achievement in itself. It is equivalent to a bachelor’s degree in the UK and EU framework. You may want to put that on your CV to explain the level i.e. level 6.
For your next question, please refer to other posts on here. There are options for you, so don’t despair.
Hi,
In my opinion, it is better to complete your ACCA qualification. MSc is not an easier route either, if that’s the reason why you give up on ACCA. You are close to completing it, it will be a shame to give up.
Another option is try CPA Ireland, they do provide exemptions on ACCA papers passed and then complete their professional papers with them. They have open-book exams for their final papers which will suit some people. Their exams are also very difficult but they do test your application skills rather than your memory of the topics. Once you are a CPA, you can call yourself a qualified accountant. CPA Ireland has great MRAs which will help if you want to travel the world i.e. with CPA Canada, CPA Australia, CA India & Sri Lanka, etc.
By doing the CPA, you can also do MSc at the same time, which can only help you supplement your finance and accounting knowledge.
Best of luck!!
It’s my pleasure. I think you can get more than 22k a year for what you already have. All it takes is confidence and presentation of your skills and abilities in your CV and at the interview.
If Industry is your choice, then I would say, keep trying for those roles and don’t give up applying. If one does not work, then you gain insights and experience. Never underestimate yourself which is easy to do in times of rejection.
For your practice background, you will probably get more chances of getting a Financial Accounting role in industry rather than Management Accounting. It also depends on the hiring manager. For me, when I hire people, I look at the person and not the specific skills only. It really depends. Keep trying until you find the best role for you. Remember there is no perfect role so you may have to compromise one or two things.
