Struggling to make better decisions for the future, Here is the article explaining the scope of ACCA in Pakistan
Undoubtedly, the Association of Chartered Certified Accounting (ACCA) is one of the best career choices individuals can make. ACCA is always in top demand in Pakistan and has good career opportunities. Many students pursue ACCA as their profession because the future is bright not in Pakistan but in foreign countries too. ACCA surely opens a gateway to numerous opportunities and holds a promising future for those who qualify ACCA. If you want to pursue ACCA as your career path but are confused about whether to opt for it or not. Don’t worry because you have come to the right page as in this article, we will discuss everything about ACCA and how it is the best career choice for students.
What is ACCA?
ACCA also known as the Association of Chartered Certified Accounting is the global leading accountancy qualification for financial professionals. This subject helps the students provide them with values, knowledge, and the skills to have successful careers. ACCA is a highly regarded accountancy qualification.
What is the scope of ACCA in Pakistan?
ACCA degree opens a gateway to multiple job opportunities and can take your professional career in any field. ACCA is known to be one of the most prestigious degrees in Pakistan. The scope of ACCA in Pakistan is quite broad and the person with this qualification can very easily secure jobs in big multinational companies. The demand for accounting professionals has always been on the rise in Pakistan, especially since big firms and multinational companies are always on the lookout for young talented accounting professionals. So, if you have a keen interest in accounting, then you should surely opt for ACCA as this will secure your future and has a rewarding career.
What is the salary of ACCA in Pakistan?
While many students often wonder what the salary of a fresh graduate of ACCA in Pakistan would be. Well, it mostly depends on an individual’s skills, abilities, qualifications, communication, and intelligence. It also varies where the person works. But usually, the starting salary of a fresh graduate is from 40,000-85,000 per month. However, these salaries increase with the working experience of these graduates and can go up to 200,000 per month.
ACCA jobs in Pakistan?
As mentioned earlier that a degree in ACCA can open a gateway to numerous job opportunities but the best jobs can be:
- Finance manager
- Financial advisor
- Financial director
- Chief internal auditor
- Chief accountant
- Revenue manager
- Business analyst
- And much more
Which is better ACCA or CA?
Students often get confused between ACCA and CA. At the same time, both are quite honorable and professional accounting degrees and in high demand in Pakistan. ACCA is the global leading accountancy qualification for financial professionals and is a highly regarded accountancy qualification. At the same time, CA is a local qualification. However, the passing percentage of CA is merely 4-5%, but ACCA is 40-50%, which makes ACCA better than CA. ACCA is much more in demand as compared to CA. Therefore, most people prefer ACCA over CA.
How many papers are in ACCA?
The ACCA syllabus consists of 13 exams but is divided into 3 stages. This includes:
Applied knowledge papers
- Business and Technology
- Management Accounting
- Financial Accounting
Total 3 Exams
Applied skill papers
- Corporate and Business Law
- Financial Reporting
- Performance Management
- Audit and Assurance
- Financial Management
Total 6 exams
Strategic professional papers (essential)
- Strategic Business Leader
- Strategic Business Reporting
2 essential exams
- Advanced Financial Management
- Advanced Performance Management
- Advanced Taxation
- Advanced Audit and Assurance
2 optional exams
What are the best ACCA universities in Pakistan?
While there are many universities in Pakistan that offer ACCA,
the top ones are:
- SKANS- School of Accountancy
- CAPS- College of Accounting and Professional Studies
- PAC- Professional Academy of Commerce
- CFE- College of Financial Education
- PCA- Professional’s College of Accountancy
- Rise School of Accountancy
- ACUTE- Institute of Professional Studies
- TMUC- The Millennium University College
- UCI- Universal College Islamabad