CPA exam for Accountant SA, Foundation study, is it worth?

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CPA exam for Accountant SA, Foundation study, is it worth?


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Old 17th January 2020, 01:10 PM
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Question CPA exam for Accountant SA, Foundation study, is it worth?

Hey guys,
My partner's skill is in short term list, now I'm thinking to give it a go to study CPA exam. She would need to complete 6 subjects as foundation study in order to have Skill Assessment of Accountant. I just wonder is it actually worth it? It cost roughly $8k for study and 3-9 months studying just for another 5p lol. And I may get 95p if she succeed. What are you guys thought on this exam? Is it money sucker? Hard to study? Not worth for 5p?
Cheers!

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Old 19th January 2020, 08:47 PM
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Originally Posted by Thuong Nguyen View Post
Hey guys,
My partner's skill is in short term list, now I'm thinking to give it a go to study CPA exam. She would need to complete 6 subjects as foundation study in order to have Skill Assessment of Accountant. I just wonder is it actually worth it? It cost roughly $8k for study and 3-9 months studying just for another 5p lol. And I may get 95p if she succeed. What are you guys thought on this exam? Is it money sucker? Hard to study? Not worth for 5p?
Cheers!
Does she have any accounting or business background? If yes, it would be okay. It is hard but manageable. 5 POINTS is a lot of point that you should consider.

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Old 20th January 2020, 02:14 AM
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Originally Posted by SAMYBOY View Post
Does she have any accounting or business background? If yes, it would be okay. It is hard but manageable. 5 POINTS is a lot of point that you should consider.
Thanks mate
Well her background is a bachelor in design.
It seems like she needs to take 6 subjects and pass 6 exams in order to gain an accountant sa
We have 6-9 months to do that. And was quoted $8k for studying and exams
Is it worthwhile?
And are these subjects heavily math related? She is not good at math at all but I think accounting is not 100% about math right?
If so we can jump to 95p for 189 in this August
cheers!

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Old 20th January 2020, 02:27 AM
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I don't see any reasons why not doing it. If you have a way to increase your points, do it.

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Old 20th January 2020, 02:38 AM
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I don't see any reasons why not doing it. If you have a way to increase your points, do it.
yeah it's true I tried my best to earn points as much as I can
But 6 months learning sth irrelevant to our career, also spend $8-9k for that, is not sth easy to take as carrot. It also means losing 6 months in life chasing 5p for immigration purposes
So seeking expert's thoughts here. If it is easy and spend time to do it we may go ahead. Since they are foundation study, should not cause any troubles?

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Old 20th January 2020, 03:16 AM
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The exams are quite difficult in fact, certainly not like CCL where you can just practice and achieve 5pts. These exams (or as I would like to call them mini-courses) require you to cover hundreds of pages of material to successfully pass. Financial Reporting & Management Accounting are especially hard and will require a lot of memorization as well as calculations, which will be very challenging to someone with no Accounting background. It took me 2 months of rigorous study to pass each test, and I have Bachelor of Economics with Accounting background. I took the test and still keep some materials on me if you want to have a look.
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Old 20th January 2020, 04:06 AM
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The exams are quite difficult in fact, certainly not like CCL where you can just practice and achieve 5pts. These exams (or as I would like to call them mini-courses) require you to cover hundreds of pages of material to successfully pass. Financial Reporting & Management Accounting are especially hard and will require a lot of memorization as well as calculations, which will be very challenging to someone with no Accounting background. It took me 2 months of rigorous study to pass each test, and I have Bachelor of Economics with Accounting background. I took the test and still keep some materials on me if you want to have a look.
That's cool mate. thanks heaps, would be awesome if I can message you for some samples and see whether we should try that? Appreciated
How have you been going with that? Have you finished it up?

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Old 20th January 2020, 04:15 AM
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That's cool mate. thanks heaps, would be awesome if I can message you for some samples and see whether we should try that? Appreciated
How have you been going with that? Have you finished it up?
No problem, pm me and I will send to you as soon as I am back from work. Yeah, that was from a year ago and now I have received 190 grant.

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Old 20th January 2020, 04:36 AM
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Quote:
Originally Posted by Thuong Nguyen View Post
Thanks mate
Well her background is a bachelor in design.
It seems like she needs to take 6 subjects and pass 6 exams in order to gain an accountant sa
We have 6-9 months to do that. And was quoted $8k for studying and exams
Is it worthwhile?
And are these subjects heavily math related? She is not good at math at all but I think accounting is not 100% about math right?
If so we can jump to 95p for 189 in this August
cheers!
Without Accounting or Business background, it could be quiet hard. I know a few people who cannot pass those subjects in 1 go.

It is not all about Math, they have A LOT of theoretical subjects as well.

I would not recommend doing straight from CPA but if i were you, i would seek for a cheap and qualified institute to study and pass the exams.

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Old 20th January 2020, 04:55 AM
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I have a question. Are they also offering classes as you mentioned it will cost 8k? Aren't those foundations for about 300 per exam?

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