ACCA is basically a Finance related international qualification. ACCA is a professional global body which is offering the Charter Certificate of Accountancy. It is working worldwide in almost 180 countries. It is a specialized qualification for Accountancy. Professional Accounting is a carrier option where you are working on Finance and Accountancy as well as you can develop your own business. ACCA students also have the possibility to join different other fields in future like the area of strategy, supply chain etc. Now in the modern era, ACCA students are also preferring to join supplementary area like Artificial intelligence, Robotics etc. The content and structure of ACCA are set in such a way that it enables the students to intersect different grounds and experience alternate areas of their own interest.
Pakistan is one of the countries where ACCA is being studied at a large scale. Students who want to enter the field of finance and accounting are suggested to join ACCA. ACCA is working all around the world and the curriculum and the examination method is the same all over the world. Hence the consistency for ACCA holders is recognized very well. The ACCA holders have a great opportunity to have job availability on an international scale. So mostly the students prefer to complete their ACCA from CFE College and join high-level jobs abroad.
If you want to enter the field of ACCA Pakistan or anywhere else worldwide, this global body gives flexibility to their students. First of all, the curriculum is designed in such a way that you can join ACCA studies after Intermediate level or even after Matriculation, you can also start your ACCA after completing the graduation. For this, they have designed different pathways and that pathway makes you go through a process which helps you finally reach to start the ACCA studies. The pathway for a student that is joining ACCA after their Intermediate Level, they will start from the foundation diploma which has 7 papers all together and after clearing these seven papers they enter the ACCA qualification degree. In the ACCA qualification, the students have to attempt 14 papers for ACCA and after they have finalized the 14 papers the go for 3 years of professional and supervised training. After their training, the students achieve their goals and they are then called the ACCA Members.
In our traditional society female students always expression an issue. They have to discontinue or they have to take a break from their studies or professional carrier. Due to our Pakistani tradition females get married in their early life and they have a focus on their family growth. So, for this ACCA gives a huge advantage for female students especially. ACCA as a global body gives its students the flexibility to take a break during their education. It is beneficial for female students mostly. Sometimes the females face the problem to develop a family and they have to raise a kid for that they have to discontinue their studies. They can take a break for a maximum ten years, or even you can give your exams after 3 or 4 years. The completion is that you have to reach back with in 10 years.
ACCA has been structured to comfort their students. This ACCA structure gives an advantage to their students, that after completing their 9 papers they get a degree that is equivalent to a bachelor’s degree according to HEC recognition. In Pakistan, after the completion of further exams, ACCA students get an equivalent degree of M. Com that is also recognized by the HEC. ACCA is an incentive-based qualification in Pakistan. In the public sector of Pakistan, ACCA members get an extra allowance and it is recognized at the Federal Government level in Pakistan.
Monday, February 3, 2020
Chartered Accounting (CA) Best Course to Build Your Future
ICAP is an Institution for Chartered Accounting in Pakistan. It was established six decades ago in 1961. It was established by the Federal Government audience, by the Federal Government Chartered organization. ICAP as an institute for Chartered Accountancy which produces the best Chartered Accountants in Pakistan. ICAP is basically a regulatory body. CA is a leading business professional with a focus on accounting, auditing, and finance. CA is a profession where you can get respectable jobs. Students can pursue CA after completing their Intermediate or A-level examination. Students ask this question a lot and parents are also concerned about it, that what is the scope or future for CA holders. First of all, I would like to tell you that CA in Pakistan is one of the most rewarding carriers in Pakistan. It gives you a worthwhile carrier both in respect of professional and personal areas. Secondly now in the 21 century, the business canvas has provided so many challenges for the corporate bodies itself. The corporations are seeking business managers with strong analytical skills, strong business acumen and deep-thinking skills. CA is by far a leading qualification which equips the students for all the basic skill which are required for a 21st-century business manager. Last but not least it is very important to take a decision for choosing CA as a carrier. According to my opinion, CA is a platform to realize your own potential. 21st-century milliners who are the high achievers look for challenges in their life. These are the 3 most important things that a student should know while choosing a field like CA.
We as the general public thinks that Chartered Accountancy is a very dry field or an unproductive field. It is not true. I have met CA holders who are eventful and lively. CA is a field that is very knowledgeable and motivating. It is just that a CA person should have the skill to balance their personal life as well as professional life. CA is not a difficult task. If you think you can join this carrier option then go for it, and don’t think much. It is obviously a future-oriented field. Students can learn and grasp a lot of knowledge and skills regarding auditing, accountancy and finance.
To be a student of ICAP, it is very important for students to complete their 12 years of education which is recognized by HEC in Pakistan. If you have 14 years of education then also you can be a part of ICAP. It is basically 4 years of qualification. These 4 years comprises of 21 papers in total. The first year is called AFC which is the Assessment of Fundamental Competency. AFC has 4 papers to be accomplished. It is a completely computer-based year in which students are required to appear in a CPE which is a computer-based examination based on MCQ. After passing AFC the first year, the students become eligible to enter the second year called CAF which is the Certification in Accountancy and Finance. CAF has 9 papers in total. After you have cleared with your CAF you can register yourself with an auditing firm or you may start practising in the industry. Then comes the Third year C CAP which is the Certified Accountancy and Finance Profession. It comprises of 6 papers overall. After you have cleared the 3 years of CA you will be eligible to enter the last and the final year MSA which is called the Multi Subject Assistance. The last year has 2 papers. This is the complete structure to become a CA holder.
The criteria to join ICAP is very simple. If you belong to an HEC background you need a total of fifty-five per cent marks to get eligible to join ICAP and there is no restriction for the faculty you have chosen for HEC. A commerce student, a pre-medical student or a pre-engineering student can also choose this carrier opportunity. The students who have A-levels background the minimum requirement is 2 passes.
In Pakistan and abroad there are many business opportunities for students. CA holders can work as business managers in the corporate world. The Chartered Accountants are working in almost every sector. CA holders are working in the manufacturing sector, service sector, tertiary sector etc. CA holders are also making their future in private as well as public sectors. Chartered Accountants are working as auditors, consultants, taxation managers, financial and general managers. Here we come to know that it is not a difficult task if you are focused and engrossed to attain your final goal. In the end, I would conclude it by saying that CA carrier can reward you with respect, money and many other achievements within Pakistan as well as abroad.
We as the general public thinks that Chartered Accountancy is a very dry field or an unproductive field. It is not true. I have met CA holders who are eventful and lively. CA is a field that is very knowledgeable and motivating. It is just that a CA person should have the skill to balance their personal life as well as professional life. CA is not a difficult task. If you think you can join this carrier option then go for it, and don’t think much. It is obviously a future-oriented field. Students can learn and grasp a lot of knowledge and skills regarding auditing, accountancy and finance.
To be a student of ICAP, it is very important for students to complete their 12 years of education which is recognized by HEC in Pakistan. If you have 14 years of education then also you can be a part of ICAP. It is basically 4 years of qualification. These 4 years comprises of 21 papers in total. The first year is called AFC which is the Assessment of Fundamental Competency. AFC has 4 papers to be accomplished. It is a completely computer-based year in which students are required to appear in a CPE which is a computer-based examination based on MCQ. After passing AFC the first year, the students become eligible to enter the second year called CAF which is the Certification in Accountancy and Finance. CAF has 9 papers in total. After you have cleared with your CAF you can register yourself with an auditing firm or you may start practising in the industry. Then comes the Third year C CAP which is the Certified Accountancy and Finance Profession. It comprises of 6 papers overall. After you have cleared the 3 years of CA you will be eligible to enter the last and the final year MSA which is called the Multi Subject Assistance. The last year has 2 papers. This is the complete structure to become a CA holder.
The criteria to join ICAP is very simple. If you belong to an HEC background you need a total of fifty-five per cent marks to get eligible to join ICAP and there is no restriction for the faculty you have chosen for HEC. A commerce student, a pre-medical student or a pre-engineering student can also choose this carrier opportunity. The students who have A-levels background the minimum requirement is 2 passes.
In Pakistan and abroad there are many business opportunities for students. CA holders can work as business managers in the corporate world. The Chartered Accountants are working in almost every sector. CA holders are working in the manufacturing sector, service sector, tertiary sector etc. CA holders are also making their future in private as well as public sectors. Chartered Accountants are working as auditors, consultants, taxation managers, financial and general managers. Here we come to know that it is not a difficult task if you are focused and engrossed to attain your final goal. In the end, I would conclude it by saying that CA carrier can reward you with respect, money and many other achievements within Pakistan as well as abroad.
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