ACCA Future in Pakistan Scope Jobs Opportunities and Salary Package

ACCA is in high demand in Pakistan and offers many career opportunities. So we can say that there is a very bright ACCA Future in Pakistan The ACCA qualification is recognized and respected worldwide, and it can lead to a wide range of jobs in accounting, finance, and business. In Pakistan, the demand for ACCA-qualified accountants is growing due to the increasing number of businesses and the government’s focus on tax compliance.

Here are some of the benefits of pursuing an ACCA qualification in Pakistan:

• High salaries: ACCA-qualified accountants can command high salaries in Pakistan. According to a recent survey, the average salary for an ACCA-qualified accountant in Pakistan is Rs. 80,000 per month.
• Excellent career prospects: The ACCA qualification opens up excellent career prospects in Pakistan. ACCA-qualified accountants can work in a variety of industries, including banking, finance, insurance, and consulting.
• International recognition: The ACCA qualification is recognized and respected worldwide. This means that ACCA-qualified accountants can work anywhere in the world.

If you are interested in a career in accounting, finance, or business, then the ACCA qualification is a great option. The ACCA qualification can help you to achieve your career goals and earn a high salary.

Here are some additional details about the ACCA qualification in Pakistan:

• Duration: The ACCA qualification is a three-year program that consists of 14 modules.
• Subjects: The ACCA qualification covers a wide range of subjects, including accounting, finance, business law, and taxation.
• Requirements: To be eligible to sit for the ACCA exams, you must have a bachelor’s degree or equivalent.

If you are interested in learning more about the ACCA qualification in Pakistan, you can visit the ACCA website or contact an ACCA member firm in Pakistan.

What is ACCA? And Why You Should Do ACCA?

The ACCA (Association of Chartered Certified Accountants) is a globally recognized accounting program comprising of 13 exams, practical experience spanning three years, and an ethics and professional skill module. It is the premier choice for individuals aspiring to become professional accountants in Pakistan due to its rapid growth as a gateway to the accounting profession.

Pakistan’s security situation is steadily improving, leading to increased business opportunities. Notably, major companies such as Mercedes, Audi, and Microsoft are expanding their operations in the country. Consequently, young Pakistani talent is highly motivated to secure employment with these prestigious organizations. Pursuing the ACCA qualification is an excellent path to gain entry into these prominent companies.

ACCA Scope in Pakistan

ACCA offers a wide range of job prospects in Pakistan, both in private and government organizations. If you’re interested in accounting, considering this degree program is a smart choice since it’s one of the best degrees for accountancy in the country. Before enrolling in the Association of Chartered Certified Accountants, make sure to check the admission requirements and subjects specific to Pakistan.

An ACCA degree opens up numerous job opportunities and allows you to pursue a professional career in any field you desire. It is highly regarded and prestigious in Pakistan. With this qualification, you can easily secure jobs in major multinational companies as the scope of ACCA is broad in the country.

The demand for accounting professionals is consistently high in Pakistan, particularly because large firms and multinational companies are always searching for talented young accountants. If you have a strong interest in accounting, pursuing ACCA will not only secure your future but also provide a rewarding career.

اے سی سی اے پیشہ ورانہ اکاؤنٹنٹ کے لیے بہت بڑی انٹرنیشنل باڈی ہے جوکہ 1908ء میں قائم کی گئی ۔ اس کا ہیڈ آفس لندن میں ہے۔ اس کی ڈگری کو چارٹر سرٹیفائیڈ اکاؤنٹنٹ کہتے ہیں۔ اس کے 162000ممبر ہیں۔اے سی سی اے کی ڈگری کو ہائیر ایجوکیشن کمیشن آف پاکستان نے ماسٹر ڈگری کے برابر قرار دیا ہے۔ خواہش مند حضرات مندردجہ ذیل معلومات کو ذین نشین کر لیں۔ اے سی سی اے کی ڈگری آپ میں وہ مہارتیں اور تجربات پیدا کرتی ہے جو آپ کے اکاؤنٹنگ اور فنانس کے کیرئیر میں مدد گارثابت ہوتی ہے

ACCA Future in Pakistan Scope Jobs Opportunities and Salary Package

ACCA Jobs in Pakistan with Salary

The degree in ACCA provide a large no of jobs opportunities for ACCA graduates after completion of degree but the best jobs can be:

Professor
Finance manager
Financial advisor
Financial director
Financial Controllers
Chief internal auditor
Chief accountant
Revenue manager
Business analyst
Accountant
Audit and Assurance
Cost Analyst
Market Risk Professional
Pricing Professional
Cost Controller

Professor: In Pakistan, professors in the field of finance hold teaching positions at universities or colleges, sharing knowledge and conducting research. Their salary ranges from around PKR 1,000,000 to PKR 3,000,000 per year, depending on experience and the institution they work for.

Finance Manager: Finance managers oversee financial operations, budgets, and provide strategic financial guidance in organizations. In Pakistan, their salary typically falls between PKR 800,000 to PKR 2,000,000 per year, varying based on the organization’s size and industry.

Financial Advisor: Financial advisors offer guidance on financial matters like investments and retirement planning. In Pakistan, their annual salary ranges from approximately PKR 500,000 to PKR 1,500,000, influenced by their experience, client base, and commission structure.

Financial Director: Financial directors hold high-level executive positions, providing strategic financial leadership. In Pakistan, their salary package can range from around PKR 1,500,000 to PKR 5,000,000 or more per year, depending on the organization’s size and industry.

Financial Controllers: Financial controllers manage accounting and financial reporting functions. In Pakistan, their salary ranges from approximately PKR 1,000,000 to PKR 3,000,000 per year, dependent on experience and the company’s size.

Chief Internal Auditor: Chief internal auditors ensure compliance with internal controls and conduct independent audits. In Pakistan, their salary package ranges from around PKR 1,200,000 to PKR 3,500,000 or more per year, depending on the organization’s size and complexity.

Chief Accountant: Chief accountants oversee accounting departments, ensuring accurate financial reporting. In Pakistan, they earn a salary between approximately PKR 800,000 to PKR 2,500,000 per year, based on experience and the company’s size.

Revenue Manager: Revenue managers optimize an organization’s revenue streams and pricing strategies. In Pakistan, their salary package typically ranges from PKR 800,000 to PKR 2,000,000 per year, influenced by the industry and the organization’s size.

Business Analyst: Business analysts analyze operations and provide strategic recommendations. In Pakistan, their annual salary typically falls between PKR 600,000 to PKR 1,500,000, depending on experience and project complexity.

Accountant: Accountants handle financial transactions and ensure compliance. In Pakistan, they earn around PKR 400,000 to PKR 1,000,000 per year, based on experience and the company’s size.

Audit and Assurance: Professionals in audit and assurance assess financial records and internal controls. In Pakistan, their salaries range from approximately PKR 500,000 to PKR 1,500,000 per year, depending on experience and the size of the firm.

Cost Analyst: Cost analysts analyze costs and identify cost-saving opportunities. In Pakistan, their salary typically ranges from PKR 500,000 to PKR 1,200,000 per year, based on experience and the industry.

Market Risk Professional: Market risk professionals manage potential risks related to financial markets. In Pakistan, their salary usually falls between PKR 600,000 to PKR 1,500,000 per year, depending on experience and the organization’s size.

Pricing Professional: Pricing professionals determine optimal pricing strategies. In Pakistan, their salary package typically ranges from PKR 500,000 to PKR 1,500,000 per year, based on experience and the industry.

Cost Controller: Cost controllers oversee cost management and optimization. In Pakistan, their salary usually ranges from PKR 500,000 to PKR 1,200,000 per year, based on experience and the organization’s size.

Examination Plan of ACCA

Level 1:

• F1 Accountant in Business
• F2 Management Accounting
• F3 Financial Accounting

یہ تمام امتحانات کمپیوٹر پر لیے جاتے ہیں اور اس کے لیے دو گھنٹوں کا وقت دیا جاتا ہے جبکہ باقی تمام امتحانات کے لیے تین گھنٹوں کا وقت دیا جاتا ہے۔

Level 2:

• F4 Corporate and Business Law
• F5 Performance Management
• F6 Taxation
• F7 Financial Reporting
• F8 Audit and Assurance
• F9 Financial Management

Level 3:

• P1 Governance, Risk of Ethics
• P2 Corporate Reporting
• P3 Business Analysis
• P4 Advanced Financial Management
• P5 Advanced Performance Management
• P6 Advanced Taxation
• P7 Advanced Audit and Assurance

یہ تمام امتحانات پرچہ پر لیے جاتے ہیں۔ طلباء کو ہر امتحان میں پاس ہونے کے لیے 50فیصد نمبر حاصل کرنا ہوتے ہیں۔ امتحانی پرچہ ہر سال دسمبر اور جون کے مہینے میں لیے جاتے ہیں۔ طلباء کو یہ تمام امتحان دس سال میں پاس کرنا ہوتے ہیں۔ آپ یہ پروگرام کم از کم دو سال میں مکمل کر سکتے ہیں۔ طلباء پہلے تین علمی امتحان دئیے بغیر باقی امتحان نہیں دے سکتے۔

Highest ACCA Salary in Pakistan

Many students often wonder about the salary they can expect as a freshly qualified ACCA graduate in Pakistan. The salary can vary depending on several factors, including their exam performance, the organization they join, their communication skills, and overall intelligence. In general, most organizations in Pakistan offer starting salaries ranging from PKR 40,000 to PKR 80,000 for a fresh ACCA graduate.

Additionally, it’s important to note that ACCA requires three years of practical experience during the course. As a result, the starting package for an ACCA qualified individual may differ from company to company based on their level of experience. The following table provides a statistical overview of salary ranges for ACCA qualified professionals in Pakistan based on their years of experience:

Top ACCA Universities in Pakistan

SKANS- School of Accountancy
CAPS- College of Accounting and Professional Studies
PAC- Professional Academy of Commerce
CFE- College of Financial Education
Rise School of Accountancy
TMUC- The Millennium University College
UCI- Universal College Islamabad
LUMS- Lahore University of Management Sciences
PU- University of the Punjab
UOK- University of Karachi
AIOU- Allama Iqbal Open University
Lahore School of Economics
BNU- Beacon house National University
TSA- Tabani’s School of Accountancy

ACCA Subjects List

There are 16 papers in ACCA exams and the list of subjects being taught in Pakistan in all ACCA institutes are given below.

1. Accountant In Business: Understands the role of accounting in business and the importance of financial reporting for decision-making.
2. Management Accounting: Utilizes accounting information to assist managers in making informed decisions about the company’s operations and resource allocation.
3. Financial Accounting: Prepares accurate and reliable financial statements that showcase the company’s financial performance and position.
4. Corporate and Business Law: Familiarizes with legal frameworks governing businesses to ensure compliance and mitigate legal risks.
5. Performance Management: Measures and evaluates the company’s performance against set objectives and targets to enhance efficiency and effectiveness.
6. Taxation: Ensures compliance with tax laws and regulations while minimizing the company’s tax liability through strategic planning.
7. Financial Reporting: Generates comprehensive financial statements that comply with accounting standards, providing transparent information to stakeholders.
8. Audit and Assurance: Conducts independent assessments to provide assurance on the accuracy and reliability of financial statements, enhancing trust and credibility.
9. Financial Management: Manages the company’s financial resources, including cash flow, investments, and debt, to optimize financial performance.
10. Professional Accountant: Upholds professional accounting standards and ethical principles, ensuring integrity and professionalism in practice.
11. Corporate Reporting: Prepares and communicates financial information to external stakeholders, such as shareholders and regulatory authorities.
12. Advanced Financial Management: Utilizes advanced financial tools and techniques to make informed decisions on investments, risk management, and capital structure.
13. Advanced Performance Management: Utilizes advanced performance measurement tools and techniques to evaluate and improve the company’s operational and strategic performance.
14. Business Analysis: Analyzes business problems, conducts data-driven research, and develops solutions to improve efficiency and drive growth.
15. Advanced Taxation: Manages complex tax laws and regulations, leveraging tax planning strategies to optimize the company’s tax position.
16. Advanced Audit and Assurance: Conducts in-depth audits and assessments of complex financial statements, ensuring accuracy, reliability, and adherence to auditing standards.

Short Questions About ACCA Future in Pakistan

what is the ACCA duration in Pakistan?

ACCA has 2 years duration. Due to flexible nature of the program, maximum duration of the program depends upon the performance of the student in ACCA.

what is the ACCA scope in world?

The ACCA course has gained global recognition, with its presence in over 180 countries, including popular destinations for Indian migrants such as the UK, Australia, Germany, Dubai, and Singapore. These countries offer high living standards and abundant career opportunities.

Which is better ACCA or CA?

ACCA and CA are both esteemed accounting degrees in high demand in Pakistan. ACCA is a globally recognized qualification for financial professionals, while CA is a local qualification. With a pass percentage of 40-50%, ACCA surpasses CA, which has a pass percentage of only 4-5%. Due to its higher demand and passing rate, ACCA is often preferred over CA.

What are the requirements for ACCA degree?

Admission to ACCA can be pursued after meeting certain criteria, such as having 2 GCE A’ Level passes, 3 GCSE/GCE O Level passes (including English and Mathematics), a minimum of 50% marks in the American Higher School Certificate, or a recognized university graduation (e.g., B.Com, BA, or BSc). Additionally, individuals with a Diploma in Accounting and Business through the Foundations in Accountancy route can also join ACCA in Pakistan.

Does ACCA have a future?

Besides working as an accountant, ACCA professionals can explore career paths as management consultants, financial planners, and more. The course covers various areas like accounting, financial reporting, auditing, taxation, business finance, and financial management, aligning with the scope of chartered accountancy. ACCA offers promising career prospects in Pakistan and globally.

How much a ACCA earns in Pakistan?

• During ACCA Degree PKR 40,000 to PKR 80,000 PKR 40,000 to PKR 50,000
• After Completion of ACCA Degree PKR 80,000 to PKR 120,000 PKR 60,000 to PKR 120,000

Will ACCA be in demand in future?

ACCA consistently enjoys high demand in Pakistan, presenting excellent career opportunities. Many students choose ACCA as their profession due to the bright future it offers, not only in Pakistan but also in foreign countries.

Which Pakistani girl topped in ACCA?

Zara Naeem Dar topped in ACCA in Pakistan for the first time.

What is the Best Career Options in Pakistan After ACCA?

For individuals seeking a post-graduate degree to enhance their finance career, CFA (Chartered Financial Analyst) is highly recommended after completing ACCA. It provides a boost to the finance career and opens doors to prestigious organizations worldwide, including the Big Four.

Which is the No 1 Institute for ACCA in Pakistan?

The Millennium Universal College – Top Institute for ACCA in Pakistan.