ZhangKaiRong Posted June 17, 2015 at 04:02 PM Report Posted June 17, 2015 at 04:02 PM Hello everybody, It's time for us at my workplace to fill out goal setting forms. An assignment at one of our Chinese member firms has been one of my mid/long term goals since I started to work here, I thought it would be good idea to support this by including an HKICPA or CICPA exam as a goal as well. Has anyone taken either of the two exams? How hard are they? Are these the infamous, grinding-style, learn everything word-by-word type exams like Chinese gaokao/university exams, or are they on the practical side (taking that both are accounting exams after all)? I'm quite familiar with the Chinese Accounting System, and I guess the HK system also wouldn't be a great issue as I work with IFRS on a daily basis and I'm at the professional part with ACCA. Any help would be greatly appreciated! Quote
gato Posted June 17, 2015 at 09:39 PM Report Posted June 17, 2015 at 09:39 PM I heard that the Chinese CPA exam is a super-grind and does require lots of memorization. 1 Quote
ZhangKaiRong Posted June 18, 2015 at 08:28 AM Author Report Posted June 18, 2015 at 08:28 AM I was afraid of this kind of answers. If it is true, then CICPA is the dumbest accounting/finance-related exam I have ever heard of. Knowing the related regulations is only 20% of our work, the other 80% is about proper application - which is way much harder and needs very good holistic view on things. I know why memorizing is an accepted way of "learning" in China, but I can't help but think that in this case it is quite close to pathetic. I also contacted with Hong Kong colleagues, and they told me that HKICPA has a mutual agreement with ACCA, therefore I can become a member of HKICPA after qualifying with ACCA. I need to re-take some 3 HK specific modules at ACCA, but it seems much more viable than CICPA. I will reconsider my goal settings. Thanks for the contribution, gato! Quote
gato Posted June 18, 2015 at 02:36 PM Report Posted June 18, 2015 at 02:36 PM It might be because exams based on memorization are much easier create and potentially to grade that they are used so much here. Quote
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