ICAEW qualification in Middle East

News from Dubai: The Institute of Chartered Accountants in England & Wales (ICAEW) has today announced the launch of the internationally recognised Associate Chartered Accountant (ACA) qualification in the Gulf. The launch comes at an important time for the region which is experiencing rapid growth as a global financial centre.

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ICAEW wants to catch with its counterparts ACCA/CIMA and keep its membership base across the world.

They are luring the members of ACCA, CIMA or CIPFA through a route - Join as a CCAB. ICAEW had been complacent for years and now facing the music as their membership fall. Career opportunities in other fields and ACCA/CIMA offering training route through employment route has taken the charm off for pursuing ACA qualification.

Now ICAEW is aggressively marketing themselves.

Regards,

Santosh Puthran

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Learning Curve Theory

Learning Curve Theory is concerned with the idea that when a new job, process or activity commences for the first time it is likely that the workforce involved will not achieve maximum efficiency immediately. Repetition of the task is likely to make the people more confident and knowledgeable and will eventually result in a more efficient and rapid operation. Eventually the learning process will stop after continually repeating the job. As a consequence the time to complete a task will initially decline and then stabilise once efficient working is achieved. The cumulative average time per unit is assumed to decrease by a constant percentage every time that output doubles. Cumulative average time refers to the average time per unit for all units produced so far, from and including the first one made.

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Poll : Does CIMA, UK qualification add value

Poll : Does pursuing CIMA, UK qualification add value to a member of ICWAI, India ? Vote on the poll and share your thoughts by commenting the blog.

Poll: Vote here

I feel that if you are a member of ICWAI and you pursue CIMA, UK qualification, you are not adding any value to your skills since you will be learning the same. Once you are qualified, you are still a Cost & Management Accountant but from UK. For an employer, I would still have same skills and training on Management Accounting.

However if you pursue qualification like Company Secretary or CPA or ACCA, your skills are enhanced with the knowledge gained during training and passing of exams. After qualification, you are bound to follow the CPD programs of ICWAI and other institute. In competitive world, employer look for people with multiple skills.

Which one promotes you as professional better against your name:
AICWA, ACMA
or AICWA, ACS
or AICWA, CPA
or AICWA, ACCA

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Regards,

Santosh Puthran

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