Today I was approached by an organisation that has a qualification for sale in bookkeeping where all the assessments are taken on line unsupervised. Now you see I personally (Sonya) have a problem with these because a person can be awarded a "qualification" when they may not have taken the course and may not have taken the assessments themselves. I appreciate that the majority are honest but I have experience of the other unfortunately.
It bothers me that some orgs are selling these for over £1000 too! We hear that employers complain that some of the people they employ don't have the skills they're looking for - do these quals inspire confidence? There seems to be lots of these types of quals around these days from bookkeeping to food hygiene and fitness.
I can see that it would suit some people though eg those that perhaps fear exams.
What do you think and why do you think this is becoming more popular these days?
Sonya
Hi Sonya, I think it is ridiculous that a person can take any kind of examination unsupervised... but I guess that's why we have so many people who are 'QBE' gggrrrrrrr. Ooh, I might have to bite my tongue a little on this one.
no, speak your mind. There is a division on the site often with strongly held but diametrically opposed standpoints.
My flags in your camp on this and has been the basis of some recent debates in that if you have not been through the qualifications they do not know what they do not know.
Conversely of course how can one offer ones services to the public if all knowledge comes from a book.
Of course, such debate is getting away from Sonya's point about how does one know who has actually taken the exam if the person does not prove who they are... That said there have been many reported cases of the person attending an exam at a centre not actually being the person who should be taking it.
The difference is purely that the likelihood of discovery is higher.
People who con the system make a mockery of many qualifications as to my mind do qualifications that allow open book in exams.
Personally my viewpoint is quite Draconian (mmm, normally I'm talking about ACCA regulation 8 when I use that word!). In my opinion the following should apply to all qualifications :
- Centre based exams - No exemptions (ever... If you can get examption then you should be able to pass the exam) - No open book exams - No multi choice
Of course a more practical difficulty needs to be addressed in order to go down this path in that attending exams for single parents can prove to be a logistical nightmare so centre based exams must be supported by a larger network of centres where the exams can be taken... And bless their little cotton socks the ICB have done that with using the centres where driving theory tests are taken.
I'll get off my soap box and post this.
looking forward to this one growing into a constructive debate. Nice post Sonya,
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Personally I disagree with it being the only method of testing, as does the ICB's official view.
Hence why the ICB is moving towards making sure everyone does a centre paper on theory/practical bookkeeping.
However, having online tests as part of an overall qualification/membership requirement helps test more and gives the student better feedback as they progress through the course.
There is another organisation, maybe the same one you are thinking of, that now gives membership based on 1 quick Sage course. The only assessment seems to be tutor marked as part of the course.
If the organisation is OfQual registered you could put in a complaint as they are supposed to have robust/measurable etc. examinations, not just online.
I think the ICAEW has the correct balance between sitting exams at home unsupervised where any one could sit it, and strict exams, at their professional level.
These are open book so they are meant to be more like being in the real world but they are sat in exam conditions and are really time pressured. No one can know everything but these exams test that you quickly know where to find some information and you know how to use it.
Obviously open book exams, without a time limit are pointless, but this stops exams being about how many facts you can remember and more about knowing what to do with the information. Having a good memory doesnt make you a good accountant, obviously there is a lot you need to have at your finger tips, but being able to think on your own two feet is far more important to just regurgitating facts and proformas.
Nick
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Nick
Nick Craggs FMAAT ACA AAT Distance Learning Manager
When we talk about real life situations are we not talking about the advice given across the desk without reference to the books whilst the client is in attendance? Is that not what the professional level exams try to prepare us for?
To follow the arguement pursued to it's logical conclusion would it not make sense to give internet access during the exam as that rather than the book is where we find the detailed answers for the questions avoided or glossed over once the client has departed the office.
I know that the ACCA make their papers really time presured to ensure that the proforma's and regulations are ingrained knowledge leaving only the bare minimum time for thought related to the cunundrums burried in the question rather than time to ponder formatting issues.
Maybe it's that I've only known that approach that I feel that it should be the only way for all qualifications.
Myy only issue with the ACCA on examinations is that I feel that they are too generous with exemptions and to my mind in many cases that actively works agains the best interests of the person who chose to take such exemptions. Or more to the point, took such guaranteed passesas one still needs to pay for every missed exam as though sitting it with the only difference being an assured pass without actually turning up at the exam centre on the day.
kind regards.
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I wouldn't say ACCA are generous with exemptions, it seems that unless you have a masters in Quantum Time Travel, you can only gain exemptions from the first 3 papers anyway, since they have dropped the fee as well, it is more of a temptation to start at the higher level.
I would have been on your side Shaun, in that if one had to pay for exemptions, one may as well sit the exams. This is no longer the case, and you are talking about a few hundred quid in savings here.
I did not know that they had dropped the fee Neil, many thanks for that.
That aside though I think back to when I first went down this path.
There were a few of us who had become friends whilst passing the OU B680 certificate in accountancy. That gave us exemptions from the first three ACCA papers (1.1, 1.2 and 1.3 at the time).
The other 11 that that went down the ACCA path all took the offered exemptions but, my work friends and colleagues many of whom were already chartered or certified accountants had been taking the proverbial out of me for my qualification "not being from a real university" so as much to prove to them wrong about the OU qualification as anything else I took the ACCA papers that I had exemption from.
ACCA questions are deeper than the OU equivalents (which I would say are more like you are used to with the AAT). Even at that level there are embedded tricks and twists meaning that you really need to be confident before attempting even that level paper.
I passed all three at first sitting but my results at the time were nowhere near the distinction that I had received with the OU.
It was a real wake up call.
The others who skipped the first three papers and started at 2.1 fared much worse.
Nobody passed it. Some dropped out, some thought the paper an anomaly and retook it six months later when a couple passed.
Within two years I was the only one remaining in the qualification largely I feel due to taking a step back and not taking the exemptions (think tortoise and hare here). I can assure that despite the distinction in B680 I did not feel myself one of the better students.
Between then and now I have come to the conclusion that exam exemptions are not the shortcut that some believe but rather route to a more difficult (and retake costly) path.
I would amend my post above with a minor clarification. I do not believe that exam exemptions should be allowed but I have no issue with membership exemptions based on attaining another bodies qualification.
For example. If someone can pass ACCA or CIMA then why would they need to pass the exams of such bodies as the IFA, AIA, AAT, IAB or ICB. Of that list all but the ICB embrace that concept. The latter has been the cause of much debate between James and Myself in the past.
Conversely I do not believe that ACCA qualifications should gain exemptions from ATT as that is quite a specific tax qualification.
Conclusion.
Yes, it sounds as though you could save £180 in taking the exemptions, but if that then costs you in multiple retakes due to building the house without proper foundation such has not been a saving but rather merely a deferred payment paid with interest to rival the payday loan companies.
talk later,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I agree whole-heartedly that the costs of re-sits could outweigh the initial exemption fees, however, if we take Premier Trainings costs as an example, they are offering study material at £199 per paper with exam fees from £55 per exam, taking the exemptions would save quite a lot.
Being self funded i have always worked on the principal of "Get it right first time"
To others moving from AAT to ACCA, waiving the exemption fees more or less states that ACCA reckon you are fit to start at this level, as you are not "buying" your way in.
Personally i can see that thing, that has happened with University students dropping like fly's from courses, because A levels no longer prepare students for the "step up", happening with students who are making the transition from AAT to ACCA. Time will tell, but the savings are tempting.
I agree with Neil, i got quite a few exemptions from ICAEW with my AAT. I had put the work in previously and i didnt find that missing these exams held me back. The exemptions were well mapped, in one case i had to sit a 1 hour exam instead of a 2 1/2 hour exam as i hadnt covered quite enough.
In my course at Kaplan i couldnt tell the difference between students who had taken the AAT fast track route and those that had started at the bottom and took all the exams. In fact my tutor said that those who took the AAT had actually spent more time learning the basics, than those who took all the ICAEW exams, and so faired better.
I dont think exemptions are an quick or easy way, alot of time and effort has been previously put in, and it should be recognised.
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Nick
Nick Craggs FMAAT ACA AAT Distance Learning Manager
(1) Kaplan complete study text. Amazon price new £31.50 (2) BPP I-Learn CD (full course on a CD) : £30 (some papers are much cheaper) (3) Cost of the exam : £60 (fundamentals) / £75 (Skills) / £88 Professional (Rising to £62, £77, £91 in June) (£55 was the price of the paper now passed). (4) Open Tuition Lectures (5) Freely available old exam papers from the ACCA site (6) Either BPP or Kaplan exam kit which will have a good selection of updated answers to old papers covering the whole syllabus.
With some papers you can save money by buying from Amazon resellers. Other papers such as a tax papers have to be the very latest materials.
In addition to ACCA specific material factor about £50 per paper for additional books.
Excluding the exam fee's if you are self motivated there is no reason that you could not spend less than £100 on study materials per paper. (I appreciate that self study without a training provider is definitely not the route for all and you need to evaluate your learning style before choosing the route best for you).
Note that even if you buy a course you still need additional reading materials as at this level the reading lists are like a University degree. (i.e. For P1 you need to at least buy Exploring Strategy by Johnstone, Scholes and Whittington... Even if you do find yourself screaming at the book that they've stolen ideas from Porter... Maybe that's the test, when you realise that you're ready... That book alone is £54 and it's an expected purchase to pass the paper, not something that a training company would provide)
Also don't forget to factor in the cost of several large bookcases to store all of this stuff. My study materials now fill eight full size billy bookcases from Ikea. But then, I would never sell a book... Sounds stupid I know but when I've spent six months of my life getting to know a subject inside out then I grow an affinity for the study material.
All in all the ultimate saving is to do it yourself which is the approach taken by many who take this route without the support of an employer as lets not forget that there are 14 exams to pass and those costs both in financial terms and your time really mount up.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Firstly, I find it unbelievable that courses such as CIMA can be started by a person with no previous knowledge or experience in accounting, unless this has changed, as long as a person can pay the membership and has an interest in learning... they can start.
I have known a person to complete the first year or CIMA and still not understand basic double entry book-keeping, or even care such a thing exists. I could also rant about Uni Graduates who qualify to be an accountant in 3 years.... but I'll leave that for another day.
As for a course in Sage, it's all good and well knowing which buttons to push... but again, if a person does not understand the basic principles of accounting... they should be taught on Ledger paper first! With a pen and not a mouse!
It's just awful the amount of times I have needed to unpick a huge mess because a company has employed someone without the fundamental knowledge base (even thought they consider themselves qualified in some way), costing the employer lots of money and time, and sometimes almost costing the business owner his business. Decisions are made by a business owner based on accounting information, that information may be incorrect purely because a person has not understood the basic accounting rules, thus potentially damaging another persons business... their livelihood.
Imagine this... Jenny Bloggs starts working for ABC Ltd and has taken some 'Book-keeping' courses, where the course has not been monitored or perhaps she has not had any actual working experience before. because she has been on a Sage course too... she is now considering herself to be a 'Book-keeper'. One day Jenny inputs the bank statement items, but directly as bank receipt/ payments, rather than allocating to Sales/Purchase ledgers. Jenny then produces a list of creditors and debtors. Mr Owner takes those lists and pays his outstanding creditors... again, and requests payment from his Customers... again. Mr Owner has now temporarily lost his current cashflow, potentially then unable to pay himself. Mr Owner has also really peeved his suppliers off by asking them for money twice.
That scenario is just one of many which happen all of the time. It's unfair to business owners to provide services which a person is not qualified to do so.
Some (and not all as I would be here all day) of the things which a book-keeper as far as I am concerned should know are as follows: - Bank statements can be downloaded to a csv - Most accounting systems are the same - How to do a VLookup, SumIf and Pivot Table - How to produce a manual bank reconciliation - All balance sheet accounts should be reconciled regularly, not just the bank account - How to produce a Cashflow report
Book-keeping should not just be about data entry... If it were, we would be called Data entry clerks and be paid half the hourly rate!
Okay... jumping down from high horse now... sorry.
Hey, you've got a horse as big as mine and Kris's Alison. Mines so high that I have to climb on my soap box to mount it (lol).
I agree with everything that you have said but the one thing that I would put top of my list is that the bookkeeper must understand the accounts.
I'm not saying that bookkeepers should be accountants but I just feel that how can the bookkeeper hope to understand the impact of their input unless they understand how, and also why things appear as they do on the balance sheet.
Certainly with myself when I am learning new software I push everything through to a full set of final accounts to know that my input was correct but what would I do if I was not already in my head thinking well I've put x here so y needs to appear there and when it doesn't tracking down why.
For that reason I would actually say that one needs to have a minimum of ICB level IV knowledge at least before considering setting up as self employed where at the moment people are going from nothing to self employed inside a few months and that's just a PII claim waiting to happen.
Don't confuse the last statement however with a generalisation about AICBs as there are very many who just go that far in order to gain their practicing certificate and cheaper PII but have a lot more knowledge behind that either from experience or other qualifications.
That however makes such really difficult to police as put two bookkeepers with the same qualification next to each other and their knowledge bases will invariably be completely different with some towards the accountant level of the spectrum and other the data entry clerk which renders the qualification almost superfluous when determining a candidates skill level.
On the Sage front do you remember the old Sage advertising campaign of learn our product and make £25 per hour... No experience requirement, just do the course and there's a well paying job for you.
I've seen similar from some of the less reputable training companies promising unachievable levels of income for all based on a couple of quite specific case studies.
The real issue that I see it is that there are a large number of people who need to make money quickly. They've been made redundant from a desk job and assume the skills are transferable (which of course some of them will be). They then plough their redundancy payments into a false belief of a better tomorrow but often don't even recoupe the cost of the training back out of their business.
I've heard that some franchise companies do that as well (not a franchise company on this site) where you are taken from no knowledge to an accountant (yer, right!) in 12 weeks intensive training which consists predominantly of courses on how to sell.
The real emphasis I feel needs to be that to go down this path is not a job but rather a lifestyle choice. Its a business where you don't learn and then earn but rather its constant learning throughout your entire career.
We are selling expertise, we are not selling a willingness to do something from a basic knowledge base and that I feel is where many fall down when they go down the self employed route which lets be honest is often the only route in an industry closed off to anyone lacking experience in it.
Right, sure that Kris will be needing the high horse next,
talk later,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
But surely the relevance of your experience and/or qualification is important.
I have worked for 20 years as a finance manager for Solicitor firms doing everything from purchase ledger through to management accounts, tax returns (individual, partnership, & Co), payroll etc. So in that context I would probably have better experience and skill set for an accountant position for a law firm than a recently qualified Chartered Accountant in practice.
However I would not have, given the time that has passsed since I did my ICAEW exams, the range of experience or knowledge that they would have in other areas.
It is not just the qualification label you have it is the experience and knowledge that underpins it.
as also indicated in my reply so no arguement from myself. (I think my reply may need a second read as it does try to look at the arguement from different perspectives as this is not a simple right or wrong sort of debate).
The issue as I see it is not with those QBE although there is an issue there in that one does not know what one does not know in that a person will have been taught one way of doing things in a business where there are often multiple alternatives so as pushed byy many of the professional bodies qualification and experience need to go hand in hand.
Much of myown experience has been gained in industry rather than practice which also causes some issues yet eradicates others.
As I say put two people with the same qualifications next to each other with the same qualification and you will invariably find two compeletely different skill sets as we are the sum of everything that led us to where we are to day, not just the bits of paper that we picked up along the way.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
The ACCA approach is that you put you photocard and exam entry on your desk and during the exam the invigilators will check every face to Student ID card to exam entry which also has a photo of you on it.
There should never be a case in an ACCA exam that everyone is not thougherly checked which to my mind has to be the only fair way to do it.
The worst that I've ever seen in an exam was an invigilator who was on a power trip.
Before the exams she was making students empty their pockets and during the exam she would start checking your id whilst in the middle of writing a sentence which is the last thing that you need when you're in the zone.
Every other invigilator I see at every sitting. That one appeared once and was never seen again... In fact, I can't even remember seeing her still in the hall at the end of the exam!
That at every sitting there are at least several hundred people in the hall and on occassion above a thousand I think that the ACCA invigilator teams across the UK deserve a big pat on the back for the way that they keep everything running so smootly (and a personal well done to the Birmingham team).
Maybe the other bodies should come along and take notes.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Now that's what I love about this forum - people are passionate about the profession and the outcomes for people, employers and clients. That is EXACTLY what I believe and why I set up my business. We could go down the bums on seat route very easily but we won't because we are passionate too.
Hi Dave,
The only thing that keeps me sane sometimes in business is the belief that people or organisations who are deliberately manipulative and dishonest in order to gain will not benefit long term. Here's to honesty and integrity! Cheers! P.s mines a red wine :)
Sonya
Hi Nick
I support some methods of assessment which require research and application. ESP in the areas of taxation or areas where legislation changes regulary. It's testing a really valuable skill. Everything can't possibly be memorised and in fact some people have the ability to regurgitate fact but an inability to apply it to a situation. AAT of cousre now use this method a little. But I do believe in supervised assessments.
In the real world we all research, reconfirm our understanding and/or consult with others. Although consulting in an exam is not recommended :)))
Sonya
Hi Shaun
Interestingly I didn't complete CIMA because I thought time pressured exams were completely and utterly pointless. At the time I wrote to CIMA and a magazine to express my frustration with the system! I passed all the ones I took (4 mid level at the time) with good marks first time but I felt I was demonstrating my ability to earn max marks as possible in the time available rather than demonstrate my ability and competence. I actually passed one management accounting exam after leaving out a compulsory 30 Mark question. I was astonished!
I have lots of personal gripes with professional studies including degrees. As somebody said at a meeting recently: yes they can do your tax or Vat return but it will only be x% accurate.
I'm not for one moment suggesting 100% pass rates of course. But there seriously needs to be some balance.
Sonya