Is FCCA a badge of honour and integrity or just longevity?

As a non accountant I had assumed that somebody who had reached the status of a 'Fellow' was at the top of the tree in terms of honesty and integrity.  I have been told recently that it is awarded to anybody who has practised for a certain number of years.

I do notice that many accountants display FCCA on their business cards and other print so it obviously something they are very proud of.  What does it really mean?

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Old Greying Accountant's picture

It means ....

Old Greying Acc... | | Permalink

... you have been a qualified member for 5 years and comes automatically in the post (if memory serves right, it was a while ago!).

I use it because that is what I have to use to denote I am ACCA qualified, it is that or nothing. A ICAEW member would use FCA, but I think they may have to wait longer.

Despite many qualified by exam/qualified by experience debates on here, if you do not have a personal recommendation and are green on tax and accounting matters, you are safer looking for FCCA/FCA after a name if you need an accountant as you know they have got at least 5 years post qualifying experience.

ccassociates's picture

Fellow

ccassociates | | Permalink

I am an FMAAT, athough I could not achieve the status of Fellow Member until I had 5 years post qualification experience I was still required to apply for the status and prove competence in my proffesional knowledge and prove that I was working in a management capacity, I also have to complete extra CPD to keep hold of it. Its not a badge for life..

Old Greying Accountant's picture

ccassociates ...

Old Greying Acc... | | Permalink

... ditto the CPD etc, hence my remarks about looking for a qualified if you haven't got a recommendation, no guarantee they will be any good, but reduces the risk because required to do CPD and have monitoring visits for audit licence holders such as poor fool I, plus the PI issue!

.

chatman | | Permalink

I considered applying to be an FCA, after ten years as an ACA, but couldn't see any benefit. I don't think most people know the difference between one type of accountant and another

Paul Scholes's picture

Maybe - Maybe not

Paul Scholes | | Permalink

Honour & integrity are human values and not conveyed by qualifying as an accountant or anything else. So I'm afraid that letters after your name don't guarantee honour & integrity.  The F bit though does indicated longevity in that it comes in the post after X years.

Having said all that, if you can stick it out preparing accounts and tax returns for the X years and nobody's turned you in then chances are you're OK!

LOL

chatman | | Permalink

Paul Scholes wrote:
Having said all that, if you can stick it out preparing accounts and tax returns for the X years and nobody's turned you in then chances are you're OK!

I like that.

Stay young

La BoIS Saint | | Permalink

chatman wrote:

I considered applying to be an FCA, after ten years as an ACA, but couldn't see any benefit. I don't think most people know the difference between one type of accountant and another

The benefit is in not claiming the "F", people think you are younger!

Unfortunately with ACCA you get sent it automatically.

Paul Scholes's picture

Is it too late.....

Paul Scholes | | Permalink

to tell the ACCA to take the F off, ie can I send it back? 

FCA

HudsonCo | | Permalink

I finally got around to applying for my FCA although I was rather late. It was minimum 10 years relevant post qualification experience with up to date CPD (continuous professional development).

I applied because I was setting up my own practice and thought it would make me look older and not a newbie ACA (in case anyone knew the difference). Although I had far more than 10 years post qual experience it wasn't worth the hassle before.

Like the others I'd suggest going with personal recommendation first then FCA/FCCA as more experienced than ACA/ACCA (who still need to do CPD every year to use the letters).

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