In Pakistan, ACCA is highly sought after and offers a variety of job options. As a result, we may conclude that Pakistan’s ACCA future is highly promising. The ACCA certification is regarded and well recognised, and it can open up a variety of career opportunities in accounting, finance, and business. Due to the rise in enterprises and the government’s emphasis on tax compliance, there is an increasing need in Pakistan for accountants who hold ACCA qualifications.

ACCA Scope in Pakistan

The scope of the ACCA in Pakistan is very broad because accounting positions are available in many public and private organisations. One of the most esteemed accounting degrees in Pakistan, this degree should be taken into consideration by everyone with an interest in accounting. After realising that this is one of the fastest-growing professions in accounting, and that every field has accounts if we’re talking about accounting, it’s simple to see the potential of this career.

This is one of the best four-year degree programmes that will help you launch your ideal career in Pakistan. You may work in accounting in Pakistan after completing this four-year programme. For many international corporations in Pakistan, you might potentially work as an account manager or as a financial executive

Once you’ve earned your degree, you can also apply abroad to work and get paid in another currency. In several private and governmental institutions in Pakistan, you may also work as a teacher, lecturer, or author.

ACCA Scope in Pakistan | Courses and Career Opportunities

ACCA Major Subjects and Courses

What disciplines must one learn in order to become an ACCA? The three crucial areas are covered in ACCA degree programmes:

• Accounting principles and accounting principles
• Managerial accounting
• Financial Accounting
• Financial management
• Accounting for tax
• Calculus
• Mathematics
• The fundamentals of financial management
• Auditing
• Advance Financial Management.
• Cost Accounting
• Advanced Business Analysis.
• Advance auditing
• Micro Finance
• Advance Micro Finance

ACCA Test Syllabus

The worldwide accounting course offered by the Association of Chartered Certified Accountants (ACCA) consists of 13 assessments, three years of real-world experience, and a module on ethics and professional skills. Since it is the fastest-growing route to accountancy, it is the best choice for people seeking to become professional accountants in Pakistan. There are two different ACCA test types, i.e.

Fundamental Level

Tests for knowledge and skill examinations are separated into two components at the fundamental level.

Professional level

The Essentials and Options sections make up the professional level.

Fundamentals Level

Knowledge Exams:

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

Both computer-based and paper-based tests can employ the aforementioned papers. Each exam lasts for two hours. Other papers have a three-hour length.

Skills Exams:

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

Professional Level

Essentials:

• 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

With the exception of the first three pieces of knowledge, all documents are regarded as manuals. A student must have a score of 50% or higher to pass an exam. Every year, the months of June and December are used to assess manual tasks.

All tests must be passed within ten years by students. Just two years are needed as a minimum. Without finishing the knowledge module, the student cannot attempt the basics or alternatives, and they are limited to four assessment papers. Before becoming qualified for ACCA membership, students must additionally finish a second course in professional ethics and have three years of relevant work experience.

Additional Study Options after ACCA

• CA
• ICAEW
• CIMA
• CFA
• MA Economics or MBA

ACCA Career in Pakistan

After completing ACCA, there are several employment options available in Pakistan. Following completion of the ACCA programme, the following job options are available:

• Auditor
• Senior Accountant
• Banker
• Financial Consultant
• Cost Controller
• Tax consultant
• Manager
• Audit and Assurance
• Business Analyst
• Market Risk Professional
• Revenue Manager
• Pricing Professional

Similar to other bachelor’s degrees, the accounting degree offers academic proficiency in the field of your choice. But unlike the others, ACCA is not regarded as a formal accounting degree, even if it can be one. Pakistan recognises the CMA, a separate type of accounting degree. We also penned a thorough post about CMA.

It is imperative that you contrast the two programmes before selecting your next course of action. Please read the introduction to CMA and ACCA to discover how they contrast the two accounting disciplines.

Salary of ACCA in Pakistan

Many students are unsure about what their ACCA salary in Pakistan would be if they are newly qualified applicants. The exam record, organisational skills, communication skills, and IQ are only a few of the variables that will determine the response. The majority of Pakistani businesses pay ACCA graduates between PKR 40k and PKR 80,000 per year.

Additionally, because ACCA demands three years of work experience prior to enrolling in the programme, each organisation will have a different starting salary for ACCA qualified employees. The following table lists wages for ACCA-certified individuals in Pakistan based on their experience:

ACCA Entry Requirements

• 2 A-levels and 2 GCSEs at or above in 5 disciplines, including Maths and English. 2 year graduate degree in accounting and business such as BA, BCOM, or BSC Diploma of Foundations in Accountancy (FIA). Diploma holders are excluded from the first module of ACCA.
• Holders of qualifying degrees/certificates from ACCA-accredited universities may be excused from the nine
• Basics level assessments. Holders of MBA, M.Com, and CA inter degrees are exempt from the first four tests.
• Exemptions may be granted for degrees that are not relevant.

What are the best ACCA universities in Pakistan?

• Rise School of Accountancy
• ACUTE- Institute of Professional Studies
• TMUC- The Millennium University College
• UCI- Universal College Islamabad
• 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