Joe, You must have passed the UFE to say that?! If not, then shut up! I’m tired of people like you who think that the CFA is the hardest designation and nothing else compares that. I’m a Canadian CA and I passed all levels of the CFA program on my first attempt (2006, 2007 and 2008). I also have an MBA in finance, and I’m completing the Chartered Business Valuator (CBV) program, which is the ASA version of Canada, so I think I’m credible to say which one is the most difficult. And trust me, the UFE (Uniform Final Exam) is more difficult than ANY of the CFA exam. The UFE is a three consecutive days exam, once per year, with business cases to respond on each day (5 hours the first day, 4 hours the second and 4 hours the third day). It’s not a multiple choice questions exam! So, the CA designation is very difficult and any CA’s from Canada will tell you that. True, every year the national pass rate is around 70 %, which is higher than the CFA exams, but let’s not forget that you must have a good GPA (3,2 in some province) just to enter the CA program and be eligible to write the UFE. I’m very proud to have both the CA and the CFA designation, but I really find annoying people like you who keep insulting the CA, when you don’t even have a clue of what the UFE is, and how difficult the exam is. The UFE is not only an accounting exam, there also a lot of finance, tax, IT, and strategy. A lot of my friends both have the CA and CFA designation, they never fell any of the CFA exams and still believe that the UFE is more difficult than the CFA exams. I’m not saying that the CFA program is not difficult, in fact I find it very difficult and challenging, and I will always be proud to be a CFA Charterholder. But some people need to realize that there are also other designations such as the Canadian CA that are as difficult if not more than the CFA. And that’s coming from someone who has both designations. Now, as for the difficulty of the American CPA and the other accounting designations in the world, I can’t tell since I never did any of them.
CA+CFA+MBA Wrote: ------------------------------------------------------- > Joe, > > You must have passed the UFE to say that?! If not, > then shut up! If you read my post - I said there is no accounting qualification comparable to CFA. If UFO is not an accounting qualification, so be it. We would be joking if we thought finance is as narrow as accounting. > I’m tired of people like you who think that the > CFA is the hardest designation and nothing else > compares that. I’m a Canadian CA and I passed all > levels of the CFA program on my first attempt > (2006, 2007 and 2008). I also have an MBA in > finance, and I’m completing the Chartered Business > Valuator (CBV) program, which is the ASA version > of Canada, so I think I’m credible to say which > one is the most difficult. Does it make you happy if I told I have both CPA and UK CA, and also an MBA in Finance? Definitely I know a thing or two about accounting and accountants. That does not change the facts - accounting is easier than finance. Its true that CA is rigorous than ACCA - but it never makes any one smarter. > And trust me, the UFE (Uniform Final Exam) is more > difficult than ANY of the CFA exam. The UFE is a > three consecutive days exam, once per year, with > business cases to respond on each day (5 hours the > first day, 4 hours the second and 4 hours the > third day). It’s not a multiple choice questions > exam! So, the CA designation is very difficult and > any CA’s from Canada will tell you that. True, > every year the national pass rate is around 70 %, > which is higher than the CFA exams, but let’s not > forget that you must have a good GPA (3,2 in some > province) just to enter the CA program and be > eligible to write the UFE. > > I’m very proud to have both the CA and the CFA > designation, but I really find annoying people > like you who keep insulting the CA, when you don’t > even have a clue of what the UFE is, and how > difficult the exam is. The UFE is not only an > accounting exam, there also a lot of finance, tax, > IT, and strategy. A lot of my friends both have > the CA and CFA designation, they never fell any of > the CFA exams and still believe that the UFE is > more difficult than the CFA exams. I’m not saying > that the CFA program is not difficult, in fact I > find it very difficult and challenging, and I will > always be proud to be a CFA Charterholder. > But some people need to realize that there are > also other designations such as the Canadian CA > that are as difficult if not more than the CFA. > And that’s coming from someone who has both > designations. > > Now, as for the difficulty of the American CPA and > the other accounting designations in the world, I > can’t tell since I never did any of them. In India, they also say that IIT is the most difficult exam in the world.
i never dealt with Canadian CA or UFE, but they both sound fairly easy to pass and i dont imagine they bring much value to any serious person canadians are funny
^ +1 Edit: Should be UFO.
I hear that CA is very hard from a friend who has her CA and CFA. Would be good knowledge to have to see how companies manipulate line items on the financial statements. Let’s leave it at that.
mzwerner Wrote: ------------------------------------------------------- > delero Wrote: > -------------------------------------------------- > ----- > > JOE2010 Wrote: > > > -------------------------------------------------- > > > ----- > > > From CFA to CPA (and that includes CA, ACCA, > > CIMA) > > > - I think its pretty easy if you love > accounting > > - > > > and the accounting exams are abit more > > flexible. > > > > > > Comparing the CPA and ACCA designations to the > CA > > is an insult. The CPA is a joke compared to the > > Canadian CA. ACCA is an inferior accounting > > designation at best. I find the CFA to be more > > flexible than the Canadian CA. > > > why would you say that? To get a CA in western canada you must enter either a Masters in Accounting program or the CASB program which takes usually around 2 years at a graduate level of study. To get into those programs you need a decent GPA in a number pre-approved courses to satisfy credit requirements tha bascially amount to an undergraduate degree in accounting. Then you need to write the UFE and satisfy 30 months of work expereince at a pre-approved training office, which is difficult because they’re is a limited number of those. As for me I haven’t been able to find an approved position so I’ll probably go for a different accounting designation while I work in industry and finish up my CFA studies.
TheAliMan Wrote: ------------------------------------------------------- > I hear that CA is very hard from a friend who has > her CA and CFA. Would be good knowledge to have to > see how companies manipulate line items on the > financial statements. Let’s leave it at that. The CA designation is very difficult, mostly because accounting is so boring.
I know about 5 in Houston that have both.