CA vs CPA? (1 Viewer)

[Korn]

less subjects.. u still ahve to do the subjects... and what marks are reqruied for CA?

Credit average

 

[absolution*]

You don't have to do a CA accredited course - you just need to do the required subjects at your uni

For Sydney Uni, if you complete the following subjects, you will be eligible to undertake the CA program (which is about 2 years and is usually sponsored by your employer if you're at a Big4):

ACCT1001 Accounting IA
ACCT1002 Accounting IB
ACCT2001 Financial Accounting A
ACCT3001 Financial Accounting B
ACCT2002 Management Accounting A
ACCT3002 Management Accounting B
FINC2001 Corporate Finance 1
ACCT3004 Auditing
CLAW1001 Commercial Transactions A
CLAW2001 Corporations Law
CLAW3001 Australian Taxation System

And yes, if you apply online to any Big4, they always ask "Will you be eligible to undertake the CA Program upon graduation?" or something similar.

Woah, thats a shitload of courses.

 

[Soma]

Well it depends, cause the CA requires better marks in undergrad, but less subjects, whereas the CPA requires more subjects and only about a pass or credit average in undergrad, Ill be going for both

He means that the actual CA program is a lot harder. There are i think 5 areas of study and it is very demanding I have a friend doing it at the moment who is pretty intelligent but is finding it very stressful.
And why the hell would you get both?
That's just stupidity.

 

[Korn]

He means that the actual CA program is a lot harder. There are i think 5 areas of study and it is very demanding I have a friend doing it at the moment who is pretty intelligent but is finding it very stressful.
And why the hell would you get both?
That's just stupidity.

I was meaning, i want to do the undergrad subjects for both, and then ill do which ever program my employer sends me to

 

[Soma]

Oh ok.
Makes more sense.


Peace.

 

[Minai]

Credit average

Where does it say that?

As I said somewhere before, all Big4 firms require you to undertake the CA Program at some stage.

 

[sarevok]

Don't you need work experience if you want to be a CA? So if you haven't taken the units for CPA you won't have professional accreditation when you graduate?

 

[Korn]

Don't you need work experience if you want to be a CA? So if you haven't taken the units for CPA you won't have professional accreditation when you graduate?

I believe u need work experience for both of them, two years each, if im not mistaken

 

[Korn]

Where does it say that?

As I said somewhere before, all Big4 firms require you to undertake the CA Program at some stage.

I thought it said it one the website, i think, in a pda or something.
Anyways there are more firms out there then just the Big4, and they will not have enough vacancies for every graduate of Accounting

 

[aditya]

Korn no offence but i dunt think u realli know wat ur talking about :S u have these vague impressiosn and ur turning them into facts.. correct me if im wrong

 

[Korn]

Korn no offence but i dunt think u realli know wat ur talking about :S u have these vague impressiosn and ur turning them into facts.. correct me if im wrong

Know i have actually researched the subject, but i may not understand fully what they mean, however cause it says on their (CA) website that credit average is needed
http://www.icaa.org.au/entry/index.cfm?menu=322&id=A110218389
Accredited courses
http://www.icaa.org.au/entry/index.cfm?id=A109323519

Oh i see, i must have miss read or something cause, this says you only need passes
http://www.icaa.org.au/entry/index.cfm?menu=318&id=A106357524

 

[aditya]

yeh see thast wat i mean, u have vague ideas, but u turn them into facts.... sorry it just got annoying after awhile

 

[Minai]

Don't you need work experience if you want to be a CA? So if you haven't taken the units for CPA you won't have professional accreditation when you graduate?

Yes, normally you'd start work, and start the CA Program in your first year of employment. It takes two years to complete (normally)

And yes, to be eligible to enter the CA/CPA programs as a graduate, you have to have done the required units at uni..if not, you'll have to do a graduate diploma or soemthing to catch up.

 

[aditya]

thats incorrect minai... u need 2 years relevant work experience before anythign ca related happens...

 

[hatty]

2 years work experience, what if i got a full-time cadetship in a CA firm, does that count as experience? or only once i get the degree

 

[jase_]

thats incorrect minai... u need 2 years relevant work experience before anythign ca related happens...

You can do the first CA module (CA Foundations) without any work experience. In fact, you only need to have done 2 years of your accounting degree! So you could even start it without finishing your course (though its not recommended).

 

[mr_shittles]

thats incorrect minai... u need 2 years relevant work experience before anythign ca related happens...

My brother works at Deloitte and he's started his first CA module (foundations). No work experience required at all whatsoever. Just a degree with the correct sequence of courses.

Maybe you need 2 yrs exp before you become a CA proper, but you definitely dont need work experience to start CA courses. (Maybe for the latter modules its a different story, I dont know exactly).

 

[mr_shittles]

2 years work experience, what if i got a full-time cadetship in a CA firm, does that count as experience? or only once i get the degree

Yeah io think it does, so long as its fulltime and under the supervision of a CA.

 

[aditya]

yeh thte cadetshiip does...

oh ok i get it now shittles, sorry minai honest mistake.

 

[Emily.]

u need no exeprience for the first module (CA Foundations)

u need ONE years experience and have completed the relevant accreditation subjects (in uni) to start the technical modules (after foundations)

Oh, ok cause the CPA is prided on its well recognised nature overseas.
The main difference between CPA and CA (i think, unless it has changed) is that CPA's can have their own business and are tax specialist

weeeeeell....i always hear that 'chartered accountants' are in demand overseas....i never hear the name 'certified practicing accountant"

its a widely known factthat CA is more widely accepted than CPA