Hi. Can someone tell me whats the average age of qualifying as ACCA member?

Thanks

can u tell me that CAT is esay for me or too much tough?? i m doing ICS and people says that CAT and ACCA is too much tough for u bcoz u have no accounting background??? so please help???

Hello Natasha,

its tough for u bcoz i had also I.C.S background after that i had done B.com then started ACCA and now i m working in a USA based company as a Financial Analyst. so plz follow this "

"Far and away the best prize that life offers is the chance to work hard at work worth doing." ~Theodore Roosevelt~

Have a nice day.

Noman

Dear Mr Zulfiqar Halari,

In world wide perspective the average age can be 35 or even more than 35 of a qualified member i.e 3 years of articles completed.

But in pakistan normally people obtain affiliate status at the age of 22 or 23 and then 3 years of articles so you can say that average age of pakistani fresh ACCAs is 25 to 26.

Regards,

Muhammad Amir

Dear Muhammad Amir,

Hi,I am also from Karachi studying in Uk. Just wanted to know tge scope of ACCA in Pakistan,specificaly Karachi,regarding internships and salaries....thanks

can any one tell me that which institutw is best in multan for CAT??? and which month is best to start CAT there???
hassan can u canotact me............. natasha_kaka@yahoo.com

Which Hassan are You looking for?If Its me, I can give u information about London,sorry cant tell about Multan. Lemme know soon, and also....consider my question un the previous post,if not in terms of Karachi,make is PAkistan GEnreally....

yes hassan canu give me ur email id???? i want some information about london study???

ya my id is rose_gem@hotmail.com, make sure there is a underscore _ after rose in this id, making it rose_gem@.....

Dear Ali Hassan,

Scope of ACCA here in Pakistan is not very established because of some certain reasons identified below.

-Members of ACCA preserve no right to audit here in Pakistan under Pakistani law, they can not get Audit Practice License from regulatory body unless they complete local CA(ICAP) Qualification.

-The profession policies are managed by FCAs(Fellow Chartered Accountants[senior members of ICAP])who obviously don’t like ACCAs.

- ACCA is relatively new in Pakistan. Employers and market in general, are not aware of its intrinsic value when they ask ICAP for advice, ICAP tells them its a foreign qualification and with no scope in Pakistan.

-In CA firms ACCA's Students are given least priority for induction as trainee accountants because CA firms usually prefer ICAP students for some unknown reasons.

-Accountancy Environment in audit firms is CA-Friendly because of their monopoly, so it is almost problematic for ACCAs to adjust in such a rival environment.

-Sleepy role of local ACCA representatives to promote qualification in potential employers is another hurdle in the way of qualified members of ACCA.

-Due to unavailability of Local Tax version in Advanced Audit Paper(P6) it is difficult for ACCAs to cope with tax roles.

-It is the common perception among people and employers that ACCA is a Second Tier Qualification, they rate local CA(ICAP) to the first tier qualification and ACCA, CIMA and others as second tier qualification.

-Some of the unqualified personnel of ACCA(those who are only 14 papers passed finalist but not have completed their article-ship) express themselves as ACCA Members, thus earning bad name to profession.

Nevertheless, ACCA is growing very fast in Pakistan and I am foreseeing the bright future of ACCA members.

As far as salary packages are concerned it all depends on fate not in one’s efforts I have seen so many people earning in the slab of Rupees 30K-40K per month and on the other hand I have seen so many people earning in the slab of Rupees 80K-90K per month and even some people are earning more than that amount.

I hope these details will help you in understanding the scope and employment prospects of ACCA in Pakistan.

Regards,

Muhammad Amir

AOA,

Muhammad Amir, Thanks for such a detailed reply, the most enocuraging thing was ur comment in the end that 'Nevertheless, ACCA is growing very fast in Pakistan and I am foreseeing the bright future of ACCA members.' nice one..... plus the salary structers also seem to be attractive....you have quite a lot of information bruv.....thats nice....thanks again yaar

Also let me know howz the idea of doing CA after ACCA....any emptions? or any other way to do Audit sort of thing in Pakistan, or obtainig a license after doing CA is the only way.....

Hope you dont find my questions annoying,if you do...do let me know : ).....

Dear Ali Hassan,

You are worrying for no reason, I visit this forum for the sake of knowledge only and it is certain that if you want to obtain knowledge you have to spend time.

Coming back to your query.

Doing Local CA from ICAP after ACCA is not an encouraging idea due to some reasons, for example You have completed your 14 papers of ACCA with the options of Advanced Audit and Tax(i.e P6 and P7) now on the basis of your ACCA you will be awarded exemptions from Module A to Module D (Total 13 papers Exemptions out of 21) and still you have to complete 8 papers of Module E and Module F, those papers are

Module 'E':-

E14->I.T. Management, Audit And Control(This paper was equivalent to previous ACCA 3.4(Business Information Management))
E15->Advanced Accountaing & Financial Reporting(Course Contents are well below our P2(Corporate Reporting))
E16->CorporatebLaws and Secretarial Practices
E17->Business Management(Course Contents are Similar to F1 and P1)

Module 'F':-

F18->Management Accounting(Course contents are similar to paper F5(Performance Management))
F19->Business Finance Decision(Course contents are similar to F9(Financial Management))
F20->Advanced Taxation(It is in Pakistani Context i.e. Pakistani Vatrient)
F21->Advanced Auditing(Course Contents are well below our P7(Advanced Audit And Assurance but greater than F8(Audit And Assurance)))

So, Through Course Analysis I only meant to illustrate that, it will be duplication of effort and futile to do CA after ACCA, however if any one wants to obtain Audit Practice License from Pakistan He needs to Complete His CA and without C.A(ICAP Membership one can't obtain Audit Practice License).

Regards,

Muhammad Amir

Thanks for such a detailed and informative reply....sort of realieved now, I wish to start training as soon as I do ACCA,and get use to the market terms,preferably in Pakistan, but have no idea about the situation there, thats why questions pop up in my mind and eventualy end up here in the posts.....stills loads of them, do let me know do I ask them here in the same topic or open a new topic etc....

Thanks again for your reply mate....

ali hassan i have add u my id is maria_kaka007@hotmail.com
at what time u on???

Its upto you.

One thing that i have left in previous post is that ICAEW has been announced here in pakistan, this program is origionally for local CAs and it has been introduced by the name of "ACA TOP-UP" it is open for all other qualifications like ACCA and CIMA, for ACCA this program is open for ACCA Affiliates and there are maximum exemptions for ACCA Affiliates who have completed their optional module with Advanced Audit And Advanced Taxation papers.

After ICAEWs Membership you only need to complete Advanced Taxation of module F i.e. F20:Advanced Taxation and Law of Module 'E' i.e. E16:Corporate Laws and Secretarial Practices to become ACA from ICAP and to obtain Audit Practice License under local legislature.


Following links will be useful especially third one.

http://www.icaew.com/index.cfm?route=150593

http://www.icaew.com/index.cfm?route=150996

Training Partner of ICAEW's web portal is http://www.ewpakistan.com/

Regards,

Muhammad Amir.

Nice....thats a good news.... In this Case If I do Advanced versions of Audit and Taxation,do the streams matter? do u think Uk stream will do ? coz I dont I think I'll find Pk Stream ( if exists ) here in Uk, do plz let me know


Thanks Mate for the useful bit of information.....

Ya, actualy no specific timings, drop me a mail or just discuss the issues here on the forum, make sure you post in a related topic.....

Dear Ali hassan, after completing your ACCA with Advanced Audit and Advanced Taxation(UK Variant) you can claim 12 out of 15 exemptions from ICAEW and after ICAEW you have to complete Local Tax and Law papers.

Regards,

Muhammad Amir

AOA

dear, Muhammad Amir

Thanks for countinous responses to my queries, appreciate it alot....

Wow....12 out 15 exemptions....nice

So,some hard work is to be done even after ACCA.......have to say that Pakistan has nice educational standards,hope the system is also effecient....

Also,to get internships in Karachi,do you have to be fully qualiffied ACCA...i.e.all Papers...or part qualifieds are also accepted,if yes,how much???? And do marks matter ???? I have posted similar sort of question before also,somewhere,appologisies for repeating it.


Thanks

Can any one answer my last bit questions in my previous post plzzzzzzz

Dear Ali Hassan,

In karachi part qualifieds are also acceptable in audit firms but in Big-4 firms, ACCA finalists are preferred and this is solely because of greater ICAP monopoly in these firms.

Although part qualifieds are working in 3 out of 4 big ones because it is the open policy of PwC pakistan(A.F.F) that they only induct ACCA finalists.

Score does not matter but first attempt passes are preferred.

Regards,

Muhammad Amir

Thanks mate


I Appreciate ur post, thanks alot...was sort of waiting for a long time for a reply, How do the employers come to know whether one is first attempt pass or not???? And does first Attemt means passing all subjects in one go....or the Important (core) papers????

Thanks gain for ur reply

It was an unexpected question from you, anyway at the time of induction in audit firm the HR department distribute a trainee internship forms and asks to fill it, after evaluation process on these forms they only call relevant students for "HR Interview", those who able to qualify the HR interview will then asked to complete "Finance Interview" often known as "Partner Interview", Finance interview is held to measure your technical skills.

So during these 3 phases they can easily able to evaluate the trainees of their standard and in phase 1 of "form filling" they can easily able to know that who are first attempt passes and who are not.

First Attempt passes means that one has passed all papers without any lapse and it is not confined to core attempt, your performance of all levels is measured not just core level.

Regards,

Muhammad Amir