This ACCA qualification has opened doors for me personally. Now a FCCA and working for Population Services International - Washington DC, USA as a Global financial analyst - working remotely at the moment !!
It's all beautiful just make a choice and enjoy the accounting profession. I am an ACCA and I'm happy. Be ICAZ and enjoy the accounting profession, simple.
Thank you for putting this into perspective. I’ve been debating to do ICAZ out of pressure and to fit in . ACCA has been looked down upon a lot in Zimbabwe and it’s very unfair . I personally love ACCA I like the content and I find it very helpful even at work. So I’m team ACCA all the way . It has so many opportunities to do your masters , partnering with CA(ANZ) its just a lot
Good discussion right there. We tend to forget the main objective of these accounting bodies which all fall under IFAC; I believe that there are all there to produce a well-rounded accountant and we are consumed in-focusing on the superiority of another body and not looking at the skills set that the individual has, as Alex had pointed out. Also to note is ACCA doesn't just train people who will be executives in the industry it also caters for individuals who can become accounting clerks, tax experts, financial analyst, etc and the differentiation comes when people sign for their hours or Performance Objectives (PER's) and out the 20 PER's an individual can only pick 4 which are relevant to the experience that they would have obtained. In many countries, an individual who is an ACCA member can automatically be a CA in their local bodies we are looking at the likes of Australia, New Zealand, Jamaica, Canada, UAE, Hong Kong, Malaysia, etc, the list is endless (some of these bodies, their exams are regulated by ACCA)
Interesting discussion. The misconceptions around these two go way back. If the recruiters do not change the narrative, ACCA will continue being undermined in Zimbabwe. Too bad for us who went down the ACCA route.
I think the differences that feed into these perceptions can be rectified too. Because honestly, on average - there's a difference. They are subtle as you can get from the video, but they are magnified in the employment world
The challenge is that every market has its preference, so one needs to be guided by this when choosing a qualification. To be honest, most jobs don't require degrees at all, but those with just certificates and diplomas can do the job as well. However, do what the market requires and prefers. The southern African problem is that there are no jobs to accommodate everyone, whether ACCA or CA. In countries where jobs are many, your qualification is necessary as an entry point, but there is no segregation on the basis of qualifications. Uk , Australia, etc. have accountants from all over the world getting jobs. In the USA, you need their CPA to make it there. Your ACCA or CA-Z or CA-SA may not help you. So understand your mind. Market is reality. Personally, in terms of work, I have worked with ACCA guys who are very good better than CA-Z guys. I have also worked with CA-z guys who are not up there in terms of quality work. So both qualifications are good it's depends on your experience. There are jobs that require TIPP trained CAs than TOPP trained CAs. So every job has its demands based on your experience. That having been said, southern Africa needs to be more inclusive by giving opportunities to everyone. This mentality of extending audit firms into industry is wrong. This is my position as CA.
These debates are just debates l am ACCA l do have respect for other professional institutes but l have never been limited because of ACCA . As a matter of fact l have worked in Big 4, Mid Tier Top 10 , Banking and Other industries in Zimbabwe .Please take note that as an ACCA l can also apply for registrations as a Public Auditor with PAAB which means apart from any other Biases The laws in Zimbabwe they equally respect ACCA with other local institutes on Public Accountant and Public Auditor registration. The other thing that am happy with is l have managed to get 2 qualifications a Masters and a Bachelors degree from The prestigious University of London and a Top UK modern University Oxford Brookes University through ACCA arrangements . Also these days anyone can now do CTA in one year even from any University and any program . I know some guys who had 7 points at A Level passing CTA meaning its not that difficult. Also one of my collegues working for one of the big 4s told me that someone attended CTA and ITC at CAA Academy but failing to apply IFRS 9 during audit as if they did not cover it during their courses. I used to have much respect when CTA was being done concurrently with serving articles where one will be applying the knowledge at the same time doing exams . These days you can do CTA and ITC and then find a workplace mentor to serve the 3 years experience which l feel its different from Old CAs who qualified in the 90s when the qualification was tough. During that time ACCA was also the same in terms of Exam content were for one to qualify as ACCA you would write 4 exams in one sitting. Mind you PAAB request CA(Z) to write an Audit Qualification before applying for Practicing Certificate because they nolonger specialise like they used to do when one could choose either audit or financial management at Board 2 level. For ACCA if you have done P7 you dont need to write any PAAB exam for you to get PAAB audit licence . I see Big 4s and other Mid tier now recruiting audit seniors, supervisors managers with ACCA. In conclusion , its about you not the Qualification, thats why we as accountants cant even start a business we think along the lines of IFRS
Hi Arnold. What a detailed contribution. just to also point out something 1. Just because someone who had 7 points passed CTA doesnt mean its easy - remember back then even people with 2 points at A level would also go ku uni and study accounting. I dont think that a good measure of what is hard and what is difficult. But having gone through it, i can attest to you that CTA is hard. even the pass rate will tell you that. 2. As Ngoni said, just because people passed, does not mean they will have everything on their finger tips, its not peculiar to CTA. There are exceptional people, and there are some who are not as bright waona. I know a lot of people with ACCA who also struggle to apply these principles, but the firm is a learning ground so i would expect it. That's why there are resources to help. and your conclusion - we also agree and got to the same conclusion. that the qualification is a stepping stone. So we were trying to determine which stone is more stable. Thanks for your contribution
I'm glad to see ngoni developing/detailing this subject about acca ,I met him when he was attending..it was a kind of summit about acca in kigali 2019 I think,he is really friendly a kind of goodman
This battle between the 2 is all about revenue streams: if 1 becomes ACCA, ICAZ losses a lifetime revenue stream. So it's a battle for the accountant's soul (so to speak), just that the local accounting body fights it dirty by belittling the other profession, but on a global scale ACCA is highly regarded.
I feel like going to university is a necessity... because I believe it’s not just about qualifying faster university gives you a certain experience which the workplace does not give you.... remember we all end up in the workplace but if do articles straight from high school you miss out on university which I feel like it’s important.... because guys at the end of the day we are all going to be qualified it’s just a matter of when... so it’s not a race
joining straight from high is the best Elton. I took the UNIVERSITY route coz at the time I tried to apply ,Firms weren't recruiting (I blame my blind networking skills at the time'....trust me had I joined a big four straight out of high school then I could have been a different person altogether today from personal development and professional expertise. Theres a hell lot of stuff tht these firms can impact on an individual than 'kungomutsa zvitunha kuma varsity' neku 'Cramer maslides'....trust me u cannot be the same with someone who joined an audit firm soon after A level with someone passing through varsity...the so 'called experience ' at varsity left some of us regretting........ A level .....next join a firm.....next Qualify....✔ Varsity route❌
CA (Z) is overwhelmingly the preferred qualification in Zimbabwe. Rightly or wrongly so. If you are a prospective student just go the ICAZ route. It opens all the doors ACCA opens and more
i have only an HND in Accounting from Bulawayo Polytechnic and i am an Accountant in one of the big manufacturing firms in the country. People may have all ese perspectives and become competitive but honestly, bottom line the accounts is the same, the individual experience and attitude is what is most important
i am not oblivious however of the fact that i may need to get a higher qualification but i am only doing this because of what the industry expects of me although i already possess the skills set without necessary the "higher" qualifications
Interesting discussion, I hold same sentiments as Ngonie, At some point I was almost driven to do ICAZ due to need for recognition and promotion at the workplace. I almost did but then reconsidered and instead decided to embark on a different course which is now opening doors for me on top of ACCA. Both ACCA and CA(Z) are Chartered accountants, and I think no-one will sway my view on this.
ICAZ is promoted better locally than ACCA and a lot of i9ndustry leaders are and were ICAZ members and that alone has enough effect to favor the local qualification than the foreign and global qualification . In the global market , ACCA is regarded better than ICAZ. The uncontested truth is that the two qualifications are the same but are structured differently . Its fun how ICAZ doesn't talk about those that become CA(Z) outside the practice of Audit , seems ICAZ uses the audit experience as the joker in the game.
@@paulamutanga9453 you have a warped understanding of this qualification. Finance/ Accounting is not all about audit ..... there is more to it than just audit reason why most CA/ACCA guys in audit fail when it comes to practicing accounting .
Thank you Ngoni for being so very objective. And Maud, thank you for bringing the debate out onto the public domain. I know a lot of people have learnt a lot.
I agree that these qualifications impart the same knowledge, however in terms of pressure and timeframes CTA is difficult. Having to pass all the 4 modules at 1 go is challenging.ACCA can be completed over a long period of time. I think thats the reason behind that rivalry and I dont think an ACCA person can teach CTA students because they did not go through that rigorous process.CTA is not for the faint hearted.
Hello thanks for the information. I am from Uganda and at this point every accounting job requires one to have an ACCA or CPA member. My question is that if professional bodies are now required for one to be able to work, then does it mean that a bachelor's degree in accounting is useless?
hey. So happy that you are here. No, most of these qualifications require a degree for you to start on them, or will make you get a degree as you study for them. So a degree is important, we just need more than a degree nowadays.
I would like to ask,is there any way that funds or scholarships are provided to those who started the acca journey and really performs excellent but has failed to progress due to limited financial ability.the same case as mine
Thanks cc Maud. Bt l think icaz shld do something to smoothen the process of becoming CA(Z). CTA here in zim z very very expensive indeed and on completion, u can fail to secure a place to do articles especially if u r an ordinary someone. Otherwise the acca way z better.
Hey Crispen - with the way things have been going, I can assure you, everyone who has CTA finds a place to do articles trust that. With the migration of audit seniors, firms are looking for people sha. I dont know if this will change, but for now vanhu vane CTA vakudiwa.
true - for now it makes sense to be on the right side of perceptions. Maybe pair ACCA with audit experience, like Ngoni has said. Fight to be among the few that then get the opportunity to do articles at a reputable firm. But its a long road
This is the case in countries outside the UK. But the sentiment i seem to get is that you just have to pair ACCA with the correct experience and you will be fine
In conclusion, ACCA can be completed by anyone but ICAZ needs special people and its a great measure of determinantion and ability to handle the pressure. CTA needs a minimum of 25 hours a week and I cannot say the same about ACCA.
@@godfreymatira159 I guess it differs in terms of where you are. In SA you need to pursue a CA route otherwise chances of getting articles are slim. With CTA firms will be looking for you in SA. When I completed my Bcompt in SA, I was told about the exemptions and thats what demotivated me I guess. I had to go for SAICA.
It's not about pressure, there are no special accounting or audit standards for pressure neither does it interpret the former in a job setting. The professional thing is to mutually respect our learned accounting colleagues from whatever professional body.
One of my friends and someone who l worked with who has done so well is now a seasoned CA(Z). He is one of those who is reluctant to leave the country but one day we were having a discussion about this and he said... Imagine in the UK they prefer ACCA over CA(Z), that was many years ago... l was shocked by his attitude. This shows me two things: 1. The superiority complex he has as a CA(Z). 2. The fact that despite his views of the inferiority of the ACCA others or more significant people or markets recognise the value of the ACCA. Anyway l think fundamentally it goes according to the individual. As long as he performs, irrespective of the training body it does not matter. One thing l do like about the ICAZ is that it ensures that by the time one qualifies he has relevant experience. l have been told sometimes having full subjects and no experience is actually a hindrance, just like someone who has no qualification. So the best thing is for an ACCA student to do well in his studies and maybe after a few subjects try to secure a job. If one is going to audit, l would advise after having done Audit, Tax and at least Intermediate accounting.
Team ACCA ....9 papers and a research project... you get a BSc (hons) in Applied Accounting (Oxford Brookes University). Do the professional level of 4 papers and a dissertation to get MSc in Professional Accounting (University of London). ICAZ vs ACCA is just plain politics. The older generation (ICAZ) imposing their qualification on the younger generation who embrace the advantages of ACCA.
There is a very interesting article l saw a few years back talking about the stranglehold the SAICA body has over accounting education and the profession. The person who wrote the article was a professor of accounting and he was lamenting the fact that the CA(SA) qualification was over hyped in the SA context. Sadly l do not have it right now, should l find it l will try to send the link. The situation in SA is much, much, much worse than in Z.... At least in Z once in while there are firms which take ACCA guys, in SA it is virtually unheard of. One point he raised which was interesting was that lecturers were given a very generous stipend to teach the SAICA material. So if you are not teaching it or you speak ill of SAICA it dries up, which shows you the clout they have. Furthermore, he pointed out that unlike other countries where the ministry or some other independent body, determines the quality of universities, in SA, this is determined by SAICA. They have their own rating system and accreditation system. In other words they control who is teaching, what is taught and the students coming through, by having them take bursaries. Many a student who had initially dreamed of being a doctor or engineer, has had those plans changed by being offered a full bursary, conditional on taking up Accounting. Anyway it is very interesting so Z could be worse l guess. Australia interestingly enough, people wishing to go there, are not vetted by the Government if they are accounting professionals but by the Accounting bodies who have the final say of whether they get the visa or not. Very interesting l think.
@@CareersWithMaud at the end of the day its about experience and your work output qualification can only go so far. I completed CFA , ACCA at the end of the day its what you bring to the table. I would say in general accountancy in Zimbabwe is way overhyped, you can rise to the top even with a non accountancy or finance degree.
We also need to factor in how these qualifications are achieved. Number of attempts. Duration to complete. The CAz way CTA with 4 modules Is completed in one year or two years whereas with ACCA depending with my strength I can choose to do only SBR in one year. Number of modules written in one exam sitting. The CAz way Taxation, Auditing, Finacc and Manacc are done under one sitting whereas with ACCA there is no minimum number of modules per exam sitting I can choose to write only SBR in one sitting and SBL in another exam sitting. Although, the skill matters these two qualifications are not equal to me. My independent opinion.
Hey Taku. I share similar sentiments. If you listen to Ngoni - the idea i got is these professional courses are not the same especially in Zimbabwe. But out there, they gap is not as much. That's why I kept saying, please tell us the Zim market perceptions.
I think with ICAZ its a bit stricter than ACCA - objectively and respectfully. Remember with ICAZ you have to pass all four at once. And with ACCA you can pace yourself. ICAZ is also stricter as to where and how you can do your articles. This also then lowers the number of CA(Z) on the market. Lower supply increases the value of the CA on the market too. These differences feed into the local perception of the qualifications. And the perception ultimately determines how much you can make from the it.
This ACCA qualification has opened doors for me personally. Now a FCCA and working for Population Services International - Washington DC, USA as a Global financial analyst - working remotely at the moment !!
So happy for you Justice. Are you in the US or working from Zim
Congrats Justice, you inspire me so much
@@CareersWithMaud yes i am currently working remotely in Zim.
Good for you hey
At times it's experience not acca. Talk of usa they don't even look at acca nor ca so yours was just a good chance.
Now that ACCA is a pathway to ICAZ, may you kindly do another video, weighing the CTA ITC pathway and the ACCA APC pathway. Regards!
Well articulated Ngoni. Liked the quotation, "Its not about qualifications but how you distinguish yourself from others in terms of performance."
It's all beautiful just make a choice and enjoy the accounting profession. I am an ACCA and I'm happy. Be ICAZ and enjoy the accounting profession, simple.
I agree
Thank you for putting this into perspective. I’ve been debating to do ICAZ out of pressure and to fit in . ACCA has been looked down upon a lot in Zimbabwe and it’s very unfair . I personally love ACCA I like the content and I find it very helpful even at work. So I’m team ACCA all the way . It has so many opportunities to do your masters , partnering with CA(ANZ) its just a lot
You're welcome. Thank you for bringing your perspective and your experience. Thanks
Good discussion right there.
We tend to forget the main objective of these accounting bodies which all fall under IFAC; I believe that there are all there to produce a well-rounded accountant and we are consumed in-focusing on the superiority of another body and not looking at the skills set that the individual has, as Alex had pointed out. Also to note is ACCA doesn't just train people who will be executives in the industry it also caters for individuals who can become accounting clerks, tax experts, financial analyst, etc and the differentiation comes when people sign for their hours or Performance Objectives (PER's) and out the 20 PER's an individual can only pick 4 which are relevant to the experience that they would have obtained.
In many countries, an individual who is an ACCA member can automatically be a CA in their local bodies we are looking at the likes of Australia, New Zealand, Jamaica, Canada, UAE, Hong Kong, Malaysia, etc, the list is endless (some of these bodies, their exams are regulated by ACCA)
We are learning. Love this
Any suggestions to convert CIMA to ICAZ? Great video by the way ❤
I was once your student and l will continue learning from you, this was very educating thank you Maud and Ngoni
I am happy to be informing and helping. Thank you for stopping by
Interesting discussion. The misconceptions around these two go way back. If the recruiters do not change the narrative, ACCA will continue being undermined in Zimbabwe. Too bad for us who went down the ACCA route.
I think the differences that feed into these perceptions can be rectified too. Because honestly, on average - there's a difference. They are subtle as you can get from the video, but they are magnified in the employment world
Thank you for engaging with us on this
The challenge is that every market has its preference, so one needs to be guided by this when choosing a qualification. To be honest, most jobs don't require degrees at all, but those with just certificates and diplomas can do the job as well. However, do what the market requires and prefers. The southern African problem is that there are no jobs to accommodate everyone, whether ACCA or CA. In countries where jobs are many, your qualification is necessary as an entry point, but there is no segregation on the basis of qualifications. Uk , Australia, etc. have accountants from all over the world getting jobs. In the USA, you need their CPA to make it there. Your ACCA or CA-Z or CA-SA may not help you. So understand your mind. Market is reality. Personally, in terms of work, I have worked with ACCA guys who are very good better than CA-Z guys. I have also worked with CA-z guys who are not up there in terms of quality work. So both qualifications are good it's depends on your experience. There are jobs that require TIPP trained CAs than TOPP trained CAs. So every job has its demands based on your experience. That having been said, southern Africa needs to be more inclusive by giving opportunities to everyone. This mentality of extending audit firms into industry is wrong. This is my position as CA.
Spoken like a true professional. Thank you
These debates are just debates l am ACCA l do have respect for other professional institutes but l have never been limited because of ACCA . As a matter of fact l have worked in Big 4, Mid Tier Top 10 , Banking and Other industries in Zimbabwe .Please take note that as an ACCA l can also apply for registrations as a Public Auditor with PAAB which means apart from any other Biases The laws in Zimbabwe they equally respect ACCA with other local institutes on Public Accountant and Public Auditor registration. The other thing that am happy with is l have managed to get 2 qualifications a Masters and a Bachelors degree from The prestigious University of London and a Top UK modern University Oxford Brookes University through ACCA arrangements . Also these days anyone can now do CTA in one year even from any University and any program . I know some guys who had 7 points at A Level passing CTA meaning its not that difficult. Also one of my collegues working for one of the big 4s told me that someone attended CTA and ITC at CAA Academy but failing to apply IFRS 9 during audit as if they did not cover it during their courses. I used to have much respect when CTA was being done concurrently with serving articles where one will be applying the knowledge at the same time doing exams . These days you can do CTA and ITC and then find a workplace mentor to serve the 3 years experience which l feel its different from Old CAs who qualified in the 90s when the qualification was tough. During that time ACCA was also the same in terms of Exam content were for one to qualify as ACCA you would write 4 exams in one sitting. Mind you PAAB request CA(Z) to write an Audit Qualification before applying for Practicing Certificate because they nolonger specialise like they used to do when one could choose either audit or financial management at Board 2 level. For ACCA if you have done P7 you dont need to write any PAAB exam for you to get PAAB audit licence . I see Big 4s and other Mid tier now recruiting audit seniors, supervisors managers with ACCA. In conclusion , its about you not the Qualification, thats why we as accountants cant even start a business we think along the lines of IFRS
Anold you know its not even about ICAZ right it goes back to SAICA
Hi Arnold. What a detailed contribution. just to also point out something
1. Just because someone who had 7 points passed CTA doesnt mean its easy - remember back then even people with 2 points at A level would also go ku uni and study accounting. I dont think that a good measure of what is hard and what is difficult. But having gone through it, i can attest to you that CTA is hard. even the pass rate will tell you that.
2. As Ngoni said, just because people passed, does not mean they will have everything on their finger tips, its not peculiar to CTA. There are exceptional people, and there are some who are not as bright waona. I know a lot of people with ACCA who also struggle to apply these principles, but the firm is a learning ground so i would expect it. That's why there are resources to help.
and your conclusion - we also agree and got to the same conclusion. that the qualification is a stepping stone. So we were trying to determine which stone is more stable. Thanks for your contribution
@@CareersWithMaud
Which stone is more stable, l like that, but I think it's the CA
True
@@jorge85103SAICA is worse more strict
I'm glad to see ngoni developing/detailing this subject about acca ,I met him when he was attending..it was a kind of summit about acca in kigali 2019 I think,he is really friendly a kind of goodman
This battle between the 2 is all about revenue streams: if 1 becomes ACCA, ICAZ losses a lifetime revenue stream. So it's a battle for the accountant's soul (so to speak), just that the local accounting body fights it dirty by belittling the other profession, but on a global scale ACCA is highly regarded.
Thanks for your input
ACCA is a Business qualification. This means holders of this qualification are Business leaders. I'm a member and I run a technology enablement firm.
Same as the ICAZ qualification
If they're the same, and I agree - so there shouldn't be an argument of one being better than the other. Just my two cents.
Thank you Ngoni you have said it well, ACCA and ICAZ are the same.
I feel like going to university is a necessity... because I believe it’s not just about qualifying faster university gives you a certain experience which the workplace does not give you.... remember we all end up in the workplace but if do articles straight from high school you miss out on university which I feel like it’s important.... because guys at the end of the day we are all going to be qualified it’s just a matter of when... so it’s not a race
I cannot disagree
joining straight from high is the best Elton. I took the UNIVERSITY route coz at the time I tried to apply ,Firms weren't recruiting (I blame my blind networking skills at the time'....trust me had I joined a big four straight out of high school then I could have been a different person altogether today from personal development and professional expertise.
Theres a hell lot of stuff tht these firms can impact on an individual than 'kungomutsa zvitunha kuma varsity' neku 'Cramer maslides'....trust me u cannot be the same with someone who joined an audit firm soon after A level with someone passing through varsity...the so 'called experience ' at varsity left some of us regretting........
A level .....next join a firm.....next Qualify....✔
Varsity route❌
Took the university route. But i liked it. Whichever way, there's no rush to finish
I enjoyed this conversation and am proud to lay aside the profession's politics and draw all the benefits i can from my ACCA.
well done
CA (Z) is overwhelmingly the preferred qualification in Zimbabwe. Rightly or wrongly so. If you are a prospective student just go the ICAZ route. It opens all the doors ACCA opens and more
Very true
i have only an HND in Accounting from Bulawayo Polytechnic and i am an Accountant in one of the big manufacturing firms in the country. People may have all ese perspectives and become competitive but honestly, bottom line the accounts is the same, the individual experience and attitude is what is most important
i am not oblivious however of the fact that i may need to get a higher qualification but i am only doing this because of what the industry expects of me although i already possess the skills set without necessary the "higher" qualifications
Interesting discussion, I hold same sentiments as Ngonie, At some point I was almost driven to do ICAZ due to need for recognition and promotion at the workplace. I almost did but then reconsidered and instead decided to embark on a different course which is now opening doors for me on top of ACCA. Both ACCA and CA(Z) are Chartered accountants, and I think no-one will sway my view on this.
Its good to hear from people who talk from experience. I am glad it turned out well for you
Thanx, was an eye opener you cleared some air on that issue, However, on the other note Chifamba questions were too long and winding
ICAZ is promoted better locally than ACCA and a lot of i9ndustry leaders are and were ICAZ members and that alone has enough effect to favor the local qualification than the foreign and global qualification . In the global market , ACCA is regarded better than ICAZ. The uncontested truth is that the two qualifications are the same but are structured differently . Its fun how ICAZ doesn't talk about those that become CA(Z) outside the practice of Audit , seems ICAZ uses the audit experience as the joker in the game.
It does. But they are fewer when compared to those who qualify through audit. But i think they do well hangu
I agree with ICAZ.A person is a well rounded accountant if they have audit experience. Without it they are not different from bookkeepers.
@@paulamutanga9453 you have a warped understanding of this qualification. Finance/ Accounting is not all about audit ..... there is more to it than just audit reason why most CA/ACCA guys in audit fail when it comes to practicing accounting .
This is very interesting. Thank you for sharing, both of you are amazing 😊I always wondered what the difference between the two qualifications is.
Are you now answered Chido??9
Yes I am definitely answered,thank you. I’m older than you but you inspire me too❤️
thank you. and you are welcome
Thank you Ngoni for being so very objective. And Maud, thank you for bringing the debate out onto the public domain. I know a lot of people have learnt a lot.
You're welcome
The dilemma l had has been cleared. Thank you both.
You are welcome. thank you for stopping by hey
This is the topic I have been looking for 😢
You've found a channel with all the information
Thank you very much Ngonie and Maud, very objective discussion it was. ☺️🥰
You're welcome✅✅✅✅
I agree that these qualifications impart the same knowledge, however in terms of pressure and timeframes CTA is difficult. Having to pass all the 4 modules at 1 go is challenging.ACCA can be completed over a long period of time. I think thats the reason behind that rivalry and I dont think an ACCA person can teach CTA students because they did not go through that rigorous process.CTA is not for the faint hearted.
Last line 😭😭😭😭
😂
But at the end of the day you want the skills isn't? And you want to make money 💰 isn't?
ku cta kwofiwa
Hello thanks for the information. I am from Uganda and at this point every accounting job requires one to have an ACCA or CPA member.
My question is that if professional bodies are now required for one to be able to work, then does it mean that a bachelor's degree in accounting is useless?
hey. So happy that you are here.
No, most of these qualifications require a degree for you to start on them, or will make you get a degree as you study for them. So a degree is important, we just need more than a degree nowadays.
Thank you maud n ngoni for clearly differentiate the two (2)
This was eye opening ...Thank you so much
You are welcome
I would like to ask,is there any way that funds or scholarships are provided to those who started the acca journey and really performs excellent but has failed to progress due to limited financial ability.the same case as mine
I posted something on my LinkedIn. An acca scholarship of sort
Thanks cc Maud. Bt l think icaz shld do something to smoothen the process of becoming CA(Z). CTA here in zim z very very expensive indeed and on completion, u can fail to secure a place to do articles especially if u r an ordinary someone. Otherwise the acca way z better.
Hey Crispen - with the way things have been going, I can assure you, everyone who has CTA finds a place to do articles trust that. With the migration of audit seniors, firms are looking for people sha. I dont know if this will change, but for now vanhu vane CTA vakudiwa.
Thank you so much you 2 for shedding light to a confussed person like me . I still need more infor ,please drop infor I want to ge in touch . Tx
Hi. I am available accross social media using my name. And Ngoni is available on LinkedIn. I linked his LinkedIn profile in the description
If you want to go global. ACCA is the way to go
True. icaz also does the same too
Its a great conversation Maud but it's gonna take a long time to deal with perceptions.
true - for now it makes sense to be on the right side of perceptions. Maybe pair ACCA with audit experience, like Ngoni has said. Fight to be among the few that then get the opportunity to do articles at a reputable firm. But its a long road
@@CareersWithMaud its no longer the few so many are being recruited these days .
@@anolddirwayi6575 Arnold, go to any audit firm - check the cta/itc to acca holders ratio. You will agree with what Ngoni said.
I like this. Ngoni breathes ACCA.
I mean.........He is full ACCA paaaa
True
Thank you for this video, Maud.
You're welcome
Interesting thank you Maud and Ngoni.
@ Maud I would also like to know more about CIMA, mayb if you can organise another one with a CIMA member
will look for someone
Noted thanks
@@kumbiraimapepa2453 cima inotorema kupfura acca
Thank you,was struggling there
You're welcome
i am from india, does ca have better job opportunity than acca ?? some people say companies want ca more than acca
This is the case in countries outside the UK. But the sentiment i seem to get is that you just have to pair ACCA with the correct experience and you will be fine
Can you register for icaz with acca?
Nope..they don't have reciprocal agreements
10:28 ICAZ is basically an extension of SAICA. Doesn't ICAZ pathway involve SA universities at CTA...
If you choose CAA, you don't have anything to do with SA universities
Very educating. Thank you Maud and Ngoni.
You're welcome
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You're making great content. Keep it up 👏
Thank you. I hope shared with those who might need it.
Ngoni is exceptional, we appreciate his efforts
he is
ACCA is the best .
Increase the volume 😅
zvese ndazvinzwa but KU CTA kwofiwa ....
Hakusi kwekutamba nako
Thank you for this❤
You're welcome
Keep informing.thanks.
You're welcome. Happy to help
Thank you...but with my ICAZ people I won't win the debate tjooo😂😂😂
hahahahahahaha - at the end of the day its about what qualification is best suited for you, and if its getting you where you need to go.
😂😂😂
Learnt a lot...thank Maud and Ngoni
You are welcome. thank you for stopping by
Thank you for the insight
You are welcome Morris, I hope you are subscribed
What about lcaew v lcaz
I think that comparison isn't necessary hangu, given an icaew can become icaz and vice versa, seemlessly due to the agreements they have
@@CareersWithMaud
Noted
Acca and icaz it's like someone has eaten Bakers inn bread and then someone has eaten Proton bread.... Is it not all bread???
Hahahaha. You raise valid questions. Video was to ask if they are all bread
@@CareersWithMaud it's all bread. But Ngoni raised good points there.
Yah.....IFRS 9 is IFRS 9...how you learnt the standard doesnt matter. As long as you know and can apply it.
ACCA/CA(Z) they all debit & credit🤣🤣
Lol
Thank you Ngoni and Maud
Insightful
There are no success stories about acca cause noone has stayed in their mother country to tell that tale.They go and work abroad where it really pays
True. Thanks for being here
In conclusion, ACCA can be completed by anyone but ICAZ needs special people and its a great measure of determinantion and ability to handle the pressure. CTA needs a minimum of 25 hours a week and I cannot say the same about ACCA.
@@godfreymatira159 I guess it differs in terms of where you are. In SA you need to pursue a CA route otherwise chances of getting articles are slim. With CTA firms will be looking for you in SA. When I completed my Bcompt in SA, I was told about the exemptions and thats what demotivated me I guess. I had to go for SAICA.
good answer
It's not about pressure, there are no special accounting or audit standards for pressure neither does it interpret the former in a job setting.
The professional thing is to mutually respect our learned accounting colleagues from whatever professional body.
@@KudaMututu good answer. And they should see the ACCA passrates before concluding anyone can complete ACCA
@@KudaMututu good answer. And they should see the ACCA passrates before concluding anyone can complete ACCA
One of my friends and someone who l worked with who has done so well is now a seasoned CA(Z). He is one of those who is reluctant to leave the country but one day we were having a discussion about this and he said...
Imagine in the UK they prefer ACCA over CA(Z), that was many years ago... l was shocked by his attitude.
This shows me two things: 1. The superiority complex he has as a CA(Z).
2. The fact that despite his views of the inferiority of the ACCA others or more significant people or markets recognise the value of the ACCA.
Anyway l think fundamentally it goes according to the individual. As long as he performs, irrespective of the training body it does not matter.
One thing l do like about the ICAZ is that it ensures that by the time one qualifies he has relevant experience. l have been told sometimes having full subjects and no experience is actually a hindrance, just like someone who has no qualification.
So the best thing is for an ACCA student to do well in his studies and maybe after a few subjects try to secure a job. If one is going to audit, l would advise after having done Audit, Tax and at least Intermediate accounting.
Hahahahahaaha. This conversation may never reach a conclusion. Lol
Thanks Maud, helpful and insightful. What are Ngoni's social media handles if we want to get in touch for further info.
Hi. I put it in the description box.
Thank you so much for the compliments
its like there are many accounting bodies i also first knew CPA then came ACCA, now you hear CMA, CTA and many others
hahahaha. Hie Joseph. CTA is part of becoming a CA, which is the American equivalent of CPA. I hope this helps
@@CareersWithMaud And ACCA is not equivalent to CPA right?
Nope they're not entirely equivalent
@@CareersWithMaud You see my point. CTA has left a lot of people with lifetime scars. Some do it 4 years failing and end up quiting.
Team ACCA ....9 papers and a research project... you get a BSc (hons) in Applied Accounting (Oxford Brookes University). Do the professional level of 4 papers and a dissertation to get MSc in Professional Accounting (University of London). ICAZ vs ACCA is just plain politics. The older generation (ICAZ) imposing their qualification on the younger generation who embrace the advantages of ACCA.
lol. I am ICAZ and it wasnt imposed by any older generation to me
extremely interesting
Thank you
There is a very interesting article l saw a few years back talking about the stranglehold the SAICA body has over accounting education and the profession.
The person who wrote the article was a professor of accounting and he was lamenting the fact that the CA(SA) qualification was over hyped in the SA context.
Sadly l do not have it right now, should l find it l will try to send the link.
The situation in SA is much, much, much worse than in Z.... At least in Z once in while there are firms which take ACCA guys, in SA it is virtually unheard of.
One point he raised which was interesting was that lecturers were given a very generous stipend to teach the SAICA material. So if you are not teaching it or you speak ill of SAICA it dries up, which shows you the clout they have.
Furthermore, he pointed out that unlike other countries where the ministry or some other independent body, determines the quality of universities, in SA, this is determined by SAICA.
They have their own rating system and accreditation system. In other words they control who is teaching, what is taught and the students coming through, by having them take bursaries.
Many a student who had initially dreamed of being a doctor or engineer, has had those plans changed by being offered a full bursary, conditional on taking up Accounting.
Anyway it is very interesting so Z could be worse l guess.
Australia interestingly enough, people wishing to go there, are not vetted by the Government if they are accounting professionals but by the Accounting bodies who have the final say of whether they get the visa or not. Very interesting l think.
Interesting points you raise
ICAZ does not compare globally to ACCA in terms of opportunities.
Depends on who you ask really
@@CareersWithMaud at the end of the day its about experience and your work output qualification can only go so far. I completed CFA , ACCA at the end of the day its what you bring to the table. I would say in general accountancy in Zimbabwe is way overhyped, you can rise to the top even with a non accountancy or finance degree.
This debate never ends between me and my spouse as one is team ACCA and the other is CAZ 😂
Hahaha. As long as its working out perfect for you guys - at the end of the day that's what is important
Truth be told CA(Z) has a lot of weight than ACCA
🫠🫠 chokwadi
Especially in Zim
We also need to factor in how these qualifications are achieved.
Number of attempts.
Duration to complete.
The CAz way CTA with 4 modules Is completed in one year or two years whereas with ACCA depending with my strength I can choose to do only SBR in one year.
Number of modules written in one exam sitting.
The CAz way Taxation, Auditing, Finacc and Manacc are done under one sitting whereas with ACCA there is no minimum number of modules per exam sitting I can choose to write only SBR in one sitting and SBL in another exam sitting.
Although, the skill matters these two qualifications are not equal to me. My independent opinion.
Hey Taku. I share similar sentiments. If you listen to Ngoni - the idea i got is these professional courses are not the same especially in Zimbabwe. But out there, they gap is not as much. That's why I kept saying, please tell us the Zim market perceptions.
That doesn't change wat you learnt and know coz even with ICAEW u can write one exam per year, does that mean ICAZ is better than ICAEW
I think with ICAZ its a bit stricter than ACCA - objectively and respectfully. Remember with ICAZ you have to pass all four at once. And with ACCA you can pace yourself. ICAZ is also stricter as to where and how you can do your articles. This also then lowers the number of CA(Z) on the market. Lower supply increases the value of the CA on the market too.
These differences feed into the local perception of the qualifications. And the perception ultimately determines how much you can make from the it.
@@CareersWithMaud Very tru
So are you saying the structure of exams affects the end product? Shouldn't the focus be on syllabus content?