ACCA Scope in Pakistan | Courses and Career Opportunities
ACCA (Association of Chartered Certified Accountants) is among Pakistan’s most prestigious accounting degrees. Before gaining admission to ACCA, you must verify ACCA prerequisites for Pakistan and ACCA subjects in Pakistan. You can find all the information regarding ACCA scope in Pakistan, including ACCA careers, subjects, syllabus, courses, exam patterns, as well as entry requirements and the salary for ACCA within Pakistan. ACCA (Association of Chartered Certified Accountants) is the most considerable international professional accounting body founded in 1904. The organization’s headquarters is in London and is home to 42,000 students and 162,000 members in 173 countries. ACCA is among the most prestigious accounting names in Pakistan. The person who holds this title is identified as an Authorized Certified Accountant. It’s a flexible program because you can control the pace at which you progress. You can take classes full-time or part-time. It’s more straightforward than CA. It’s a degree that is focused on work. The Higher Education Commission of Pakistan recognizes the award that comes with ACCA as equivalent to a master’s degree. ACCA gives you all the abilities, skills, understanding, knowledge, and ethical qualities required to succeed in a career in finance and accounting. The ACCA syllabus comprises 14 assignments broken down into four groups, three levels of knowledge, and three papers. Skill, six pieces Essentials Three papers.
ACCA Scope in Pakistan
ACCA Scope in Pakistan is extremely broad, as one can find accounting jobs in various government and private businesses. Anyone interested in accounting must consider this degree as it’s one of the most prestigious degrees in accounting in Pakistan. It is easy to grasp the possibilities of this profession after you realize that this is among the most growing fields in Accounts, and if we are talking about accounting, then there’s no other field that doesn’t have accounts. This is among the most effective four-year degree programs that will assist you in establishing your dream profession in Pakistan. When you complete this four-year program, you can get an accounting job in Pakistan. You could also be an executive in finance or can work as an account manager for numerous multinational companies in Pakistan. It is also possible to apply abroad after you have completed the degree and earn money in foreign currencies. Additionally, you could become an instructor, lecturer and writer in numerous private and public institutions in Pakistan.
ACCA Scope in Pakistan | Courses and Career Opportunities
ACCA Major Subjects and Courses
The question now is what subjects are required to study for ACCA. ACCA degree programs include the three important subjects:
- Accounting principles and accounting principles
- Managerial accounting
- Financial Accounting
- Financial management
- Accounting for tax
- The fundamentals of financial management
- Advance Financial Management.
- Cost Accounting
- Advanced Business Analysis.
- Advance auditing
- Micro Finance
- Advance Micro Finance
ACCA Test Syllabus
Association of Chartered Certified Accountants ACCA has a global accounting course consisting of 13 tests, three years of practical experience, and the ethics and professional skills module. It is the most suitable option for those looking to become accountants who are professionals in Pakistan since it is the fastest-growing route to accountancy. There are two kinds of ACCA examinations i.e.
The fundamental level is further subdivided into two sections, i.e. tests for knowledge and skills exams.
The professional level is divided into two parts, i.e. Essentials and Options.
- F1 Accountant in Business
- F2 Management Accounting
- F3 Financial Accounting
- The above papers can be used in computer-based examinations or paper-based exams. The length of each exam is two hours. The duration of other papers is three hours.
- F4 Corporate and Business Law
- F5 Performance Management
- F6 Taxation
- F7 Financial Reporting
- F8 Audit and Assurance
- F9 Financial Management
- P1 Governance, Risk of Ethics
- P2 Corporate Reporting
- P3 Business Analysis
Choices: (2 that need to be filled in)
- P4 Advanced Financial Management
- P5 Advanced Performance Management
- P6 Advanced Taxation
- P7 Advanced Audit and Assurance
All documents are considered manual, except for the three first documents of knowledge. Students need to earn a 50 per cent score to pass a test. Manual works are graded during June and the month of December every year. Students must be able to pass all exams in 10 years. The minimum requirement is just two years. The student cannot attempt the fundamentals or options without having completed the knowledge module and cannot complete more than four examination papers. Students must also complete an additional course in professional ethics and three years of relevant experience before being eligible for ACCA membership.
Additional Study Options after ACCA
- MA Economics or MBA
ACCA Career in Pakistan
There are many career opportunities after the completion of ACCA within Pakistan. The possibilities for employment after completion of ACCA are as follows:
- Senior Accountant
- Financial Consultant
- Cost Controller
- Tax consultant
- Audit and Assurance
- Business Analyst
- Market Risk Professional
- Revenue Manager
- Pricing Professional
The Accounting Degree is similar to other bachelor’s degrees and provides academic expertise in the area you are interested in. However, ACCA, contrary to the others, can be a professional accounting degree but is not considered an official one. CMA is a different accounting degree that is recognized in Pakistan. We also wrote an in-depth article about CMA. Before you decide on your next option, it is essential to compare the two programs. To see how they compare CMA and ACCA, please read the introduction to CMA and ACCA.
Salary of ACCA in Pakistan
Many students are wondering what will mean their ACCA wage in Pakistan if they are freshly qualified candidates. The answer is that it will depend on various factors, including test record, organizational skills abilities, communication and intelligence. Most companies in Pakistan pay between PKR 40k to PKR 80,000 for a Freshly ACCA graduate.
And as ACCA requires three years of experience at the beginning of the course, the starting package for ACCA qualified can differ from business to company. Below, there is a table of salaries based on the experience of ACCA certified in Pakistan:
|ACCA Career||Salary in Private Firms||Salary in Government Offices||ACCA Salary in Semi-Government Sectors|
|During ACCA Degree||PKR 50,000 to PKR 95,000||N/A||PKR 50,000 to PKR 70,000|
|After Completion of ACCA Degree||PKR 95,000 to PKR 140,000||PKR 50,000 to PKR 140,000||PKR 80,000 to PKR 140,000|
ACCA Entry Requirements
- 2 A level and 2 GCSE at or above in 5 different subjects, including Math and English. 2 years graduate degree like BA, BCOM or BSC Diploma of Foundations in Accountancy (FIA) in Accounting and Business. The initial module in ACCA is exempted for Diploma holders.
- Holders of appropriate degrees/certificates from accredited institutions of ACCA may be exempted from the nine tests at the Basics level. Exemption up to the first four exams is granted to holders of degrees from MBA, M.Com and CA inter. Other degrees that aren’t relevant may be eligible for exemptions.
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Have any internship during Acca degree in karachi