• We have a few events lined up for the October school holidays!
    Watch this space...

CA Program - Ask questions, get answers! (new and improved) (1 Viewer)

msbhvnboy

Member
Joined
Apr 25, 2008
Messages
31
Gender
Male
HSC
2009
Hi guys,

Not sure if anyone mods this post anymore, but I am considering doing my CA in June this year. So just a brief intro, I have already graduated from UNSW with an accounting major and I am now working in an accounting related position.


So my questions (and I'm sorry if they have already been answered) are:

- After you find a mentor and registered to be CA, [waited 4 weeks for your registration to go through], what do they send you? like what do your fees cover, e.g. textbooks, past papers, modules, syllabus etc?

- Are the exams something you can cram for a few days before (similar to uni), or is there a lot of content so you just can't do that?

- I've been told to do Tax and Fins first, any basic advice on them?

- I think the main thing I relied on, especially for uni, was past papers and lots of them. Are there any past papers for the CA exams, and where do I get them?

- How did you manage work and studying for your CA during the same time?

hmm thats all I can think of now.

Thanks for any replies.
 
Last edited:

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
9,783
Gender
Male
HSC
2005
Uni Grad
2009
- After you find a mentor and registered to be CA, [waited 4 weeks for your registration to go through], what do they send you? like what do your fees cover, e.g. textbooks, past papers, modules, syllabus etc?
Gets you a candidate learning pack (I think it's in soft copy now... but they've switched back and forth a few times over the years), attendance at the focus sessions which are now delivered both online and in real life (and includes additional material/questions), and the exam.

- Are the exams something you can cram for a few days before (similar to uni), or is there a lot of content so you just can't do that?
Some people cram successfully but definitely helps to study it over time and also try to link it back to your own practical experience.

- I've been told to do Tax and Fins first, any basic advice on them?
I did Tax first because it was the least relevant to my job and hence I'd forget my uni stuff (including case names, etc) sooner rather than later. I'd leave Fin to the end if that's what your job is because you'll get better at it with time/experience, and you also get automatic supp if you fail.

- I think the main thing I relied on, especially for uni, was past papers and lots of them. Are there any past papers for the CA exams, and where do I get them?
Make friends with people who have done it before :)

- How did you manage work and studying for your CA during the same time?
Make sure you book leave in for the exams, and stick to your study commitments. Falling behind can be very difficult to catch up!
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
9,783
Gender
Male
HSC
2005
Uni Grad
2009
After the CA program and once u qualify as a CA, whats the salary like?
It varies based on role and performance. Off the top of my head at least in professional services, most people are on around $70k-80k when newly qualified CAs, but it definitely varies (some will be low $50's if it's a certain type of role, whilst others might be >$100k). Try looking at some of the independent surveys online. If you're in a role in professional services, the salary may be more tied to role/performance than qualifications.
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
9,783
Gender
Male
HSC
2005
Uni Grad
2009
Thanks Sermify007!

Sounds good! Specifically which role will produce the 100K or 150K+?
Worth noting not everyone works in accounting with a CA- and there are plenty of roles which are borderline accounting. It's the skills/abilities/way of thinking you learn which is valuable in other fields.

Anyway, $100k is manager salary in most big firms/banks. It's something worth aspiring to, but not something beyond reach for most people. (I know quite a few people who reached manager at 23/24 in big4).
 

esaitchkay

Active Member
Joined
Jun 12, 2012
Messages
220
Gender
Male
HSC
2014
CA versus CPA? People seem to just say that the CPA is much easier. Thoughts?
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
9,783
Gender
Male
HSC
2005
Uni Grad
2009
CA versus CPA? People seem to just say that the CPA is much easier. Thoughts?
Heard that too but I've never done CPA so can't really comment. For most roles though, companies require one or the other. Only exception would be a few select roles, and chartered firms.
 

Watermelooon

New Member
Joined
Mar 31, 2015
Messages
13
Gender
Female
HSC
2014
For the current CA program, how many years of experience do you need to have so you become eligible to apply for it? Like 2-3 years of working to be able to study CA? Is it possible to start studying CA while working to make up for those 2/3 years, or do you have to complete them prior to starting the program?

Thanks!
 

Chronost

Auditing CAGS
Joined
Dec 9, 2011
Messages
1,178
Location
where people need auditing
Gender
Female
HSC
2013
For the current CA program, how many years of experience do you need to have so you become eligible to apply for it? Like 2-3 years of working to be able to study CA? Is it possible to start studying CA while working to make up for those 2/3 years, or do you have to complete them prior to starting the program?

Thanks!
3 years in total, yes you're able to gain the experience whilst working and doing your CA. You're expected to manage work and CA study at the same time. You generally start after working 1 year as a graduate, unless you got previous experience (e.g. Cadetship)
 

Watermelooon

New Member
Joined
Mar 31, 2015
Messages
13
Gender
Female
HSC
2014
3 years in total, yes you're able to gain the experience whilst working and doing your CA. You're expected to manage work and CA study at the same time. You generally start after working 1 year as a graduate, unless you got previous experience (e.g. Cadetship)
Ah okay, thankyou so much! I was worried after not gaining a cadetship offer that I would have to wait 3 years after graduating to start studying CA
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
9,783
Gender
Male
HSC
2005
Uni Grad
2009
You can complete the studies and all the exams for the diploma (i.e. academic requirements), and just wait until you meet the practical experience requirements before applying to gain the actual CA designation.
 

BLIT2014

The pessimistic optimist.
Moderator
Joined
Jul 11, 2012
Messages
10,847
Location
In my head
Gender
Undisclosed
HSC
2014
Uni Grad
2018
Has anyone started a CA module and paid for it by themselves before starting full-time work?
 

BLIT2014

The pessimistic optimist.
Moderator
Joined
Jul 11, 2012
Messages
10,847
Location
In my head
Gender
Undisclosed
HSC
2014
Uni Grad
2018
Tax or Audit for the first module?
 

seremify007

Junior Member
Joined
Apr 29, 2004
Messages
9,783
Gender
Male
HSC
2005
Uni Grad
2009
Haven't been on here in a while!

Depends how strong you were in either of those subjects in uni or in your career.

For me given I worked in audit, I figured I would forget my tax studies from uni would fade over time as I didn't use them (e.g. references) and I also assumed I would get more proficient in audit over time making it easier to do it later on. I also looked at my client schedule/busy seasons and it made more sense to do tax first. I left FIN until last (of the technicals) because of similar reasons, and also since it's "the hardest" (or so they say), you get automatic supplementary exam (in my time, not sure about now).
 

Users Who Are Viewing This Thread (Users: 0, Guests: 1)

Top