Tag: ACCA Qualified Professionals

  • Top Companies Hiring ACCA-Qualified in Pakistan Right Now

    Top Companies Hiring ACCA-Qualified in Pakistan Right Now

     

    “Are You Ready To Level Up? Which Companies Are Hiring ACCA-Qualified Professionals?”

    The demand for ACCA-qualified professionals has been growing in Pakistan’s job market for a few years now, as the financial sector of the country is becoming stronger, requiring more skilled accountants. ACCA-qualified professionals can avail of numerous career opportunities under diverse job titles and associate themselves professionally with large corporations, MNEs, and financial institutions. Additionally, these accountants can also expand their careers internationally as the qualification is globally acknowledged and valued in the international job market.

    Various reasons actively contribute to the growing demand for ACCA-qualified professionals, such as comprehensive knowledge about diverse accounting areas, technical skills, ethical and professional skills, practical work expertise, etc. All these qualities combined produce a skilled accountant who shapes the financial sector and is sought by local and international employers from diverse industries.

    If you are a soon-to-be ACCA professional in Pakistan and are looking for good career prospects and work opportunities, this blog will help you explore better options. 

    Top ACCA Jobs in Pakistan:

    Below is the list of Pakistani employers from diverse industries and sectors looking for skilled ACCA-qualified professionals for various job roles. 

    1. Ernst and Young (EY):

    EY is a multinational organization that is actively looking for skilled ACCA-qualified professionals for roles like Senior Tax Consultant, Assistant Manager (Business Tax Advisory), transaction tax manager, etc. The company is located in Lahore and Karachi; therefore, if you are a resident of these cities, you can apply for the mentioned roles. Know that EY offers competitive salary packages and good corporate experience to work with global reporting, compliance, and advisory projects.

    2. Telenor Pakistan:

    Telenor is one of Pakistan’s well-known wireless network operators, seeking a skilled senior tax manager for their headquarters in Islamabad. The responsibilities of this role include managing tax operations, assessments, compliance, as well as reporting standards of the company. 

    3. Reckitt Benckiser:

    Reckitt Benckiser is also one of the top employers of ACCA-qualified professionals, They have recently been looking for an OTC process manager. They are located in Hyderabad, and the opportunity is ideal for candidates who have prior experience in the FMCG sector as well as efficient SAP expertise. 

    4. Mondelez International:

    It is an international company operating in Pakistan as well, They have been looking for a specialist for the role of cost controller having a relative experience of about 5-6 years. The company is offering a competitive salary package and will add to your experience with an international organization. 

    5. Careem:

    Careem is an international company operating in many regions, including South Asia, Africa, the UAE, the Middle East, etc. Careem usually seeks skilled Financial reporters who are proficient in using international accounting standards and complying with international and local regulatory frameworks.

    6. JS Bank:

    JS is one of the popular banks in Pakistan that has been looking for ACCA affiliates and professionals for accounting and financial roles, such as the role of an ACCA trainee. The location of the workplace is in Karachi, and it is an ideal opportunity for affiliates seeking training programs.

    7. BPO Accountancy PVT.LTD:

    BPO Accountancy is located in Lahore, looking for ACCA-qualified professionals for the roles of senior accountants and assistant accountants who have global accounting expertise. They are ACCA-approved employers offering roles that primarily focus on tax returns, VAT returns, statutory accounts, etc.

    8. FOLIO3:

    They are looking for ACCA-qualified professionals who have a very strong understanding and experience in working with global financial standards. Recently, they have been seeking an experienced finance assistant manager for their office located in Karachi.

    9. Kaizen Paint Middle East (KPME):

    Kaizan Paint Middle East is also one of the top employers of ACCA professionals, looking for an account executive in Lahore. The key responsibility of these professionals is to manage a wide range of accounting tasks to ensure accurate and transparent financial records.

    Conclusion:

    Demand for ACCA-qualified professionals in the Pakistani job market has been increasing over the years and is expected to grow in the coming years. International businesses and large corporations that aim to expand their business globally especially seek skilled ACCA members to manage their financial sector according to local and international accounting standards and regulations. 

    Therefore, numerous career opportunities are available for ACCA-qualified professionals in diverse Pakistani industries and sectors; ACCA members are eligible to work with international businesses as well under different job titles because of the comprehensive and unique curriculum of the qualification. If you are an aspirant of ACCA in Pakistan, confused about whether you should choose this academic pathway for building a strong career in the financial sector, know that you are on the right path to success.

    Frequently Asked Questions (FAQs)

    Q1: Which job roles are best suited for ACCA-qualified professionals in Pakistan?

    Ans: ACCA professionals in Pakistan are eligible to work in numerous job roles such as financial analyst, financial manager, accountant, CFO, auditor, tax consultant, etc. 

    Q2: How many ACCA exams do I need to clear to become an ACCA member in Pakistan?

    Ans: To become an ACCA member in Pakistan, aspirants need to clear 13 exams, ethical and professional skills modules, and gain practical work experience. 

    Q3: What skills will boost my career as an ACCA professional?

    Ans: Certain technical, analytical, ethical, and professional skills help ACCA professionals accelerate their careers in the financial sector; some of the in-demand skills are as follows:

    • Green accounting skills
    • Digital finance and accounting tools
    • Sustainable reporting
    • IFRS
    • Strategic planning and decision-making, etc.
  • What to Expect in the ACCA Exam Format

    What to Expect in the ACCA Exam Format

    OVERVIEW:

    The qualification of ACCA (Association of Chartered Certified Accountants) is divided into three levels: Applied knowledge level, Applied skills level, and Strategic Professional level. All together, there are a series of 13 papers in ACCA qualification, the ACCA exam format of each paper can differ based on the level of qualification. Below given are the main elements for each exam level or stage:

    APPLIED KNOWLEDGE (F1, F2, F3): ACCA EXAM FORMAT

    It is a foundational level, this level builds the basic understanding of accounting principles, practices, and standards. The ACCA exam format used in the Applied knowledge level is that it includes two types of questions: firstly Multiple choice questions (MCQs), these questions are used to assess a student’s theoretical knowledge and cover a wide range of topics.

    The other section is of Objective test (OT), In this questions are asked in the form of case studies or scenarios. During each ACCA exam, the candidates have a duration of about 2 hours to complete it, and the passing rate required to clear these exams is 50%.

    APPLIED SKILLS (F4,F5, F6, F7, F8, F9): ACCA EXAM FORMAT

    The purpose of exams included in this Applied Skills level is to apply the theoretical knowledge learned from the Applied knowledge level in real-life situations or scenarios. The ACCA exam format of this exam is a combination of Objective Test (OT), Long-form questions, and a combination of MCQs and written answers (depending on the subject). Objective tests include situation-based questions and problem-solving scenarios.

    Whereas long-term questions include case studies, discussions, calculations, and detailed answers. The duration of these exams is typically 3 hours, and the passing marks required are 50%. 

    STRATEGIC PROFESSIONAL LEVEL: ACCA EXAM FORMAT

    This level is the most complex, advanced, and professional level of ACCA qualification, it includes subjects like (SBL, SBR, AFM, etc). The purpose of these exams is to test the decision-making skills and strategic thinking capabilities of the candidate. The ACCA exam format of these papers is designed with a combination of Case studies, Scenario-based questions, and written answers. Data given in these case studies can be both qualitative or quantitative in which the candidate is required to perform detailed analysis and decision-making of the given scenario.

    On the other hand, scenario-based questions can test an individual’s technical, ethical, and professional judgments regarding accounting situations. The duration to complete each exam is 3 hours, and the number required to clear the exam is 50% at least. 

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    GENERAL FEATURES OF THE ACCA EXAM:

    ACCA exams can be conducted as written exams as well as Computer-based exams (CBE), Computer-based exams are conducted for some of the papers of Applied knowledge and Applied skills level.

    These exams could be a mix of multiple-choice questions and scenario-based questions. Whereas, written exams are conducted for papers that include more detailed, structured, and explanatory answers to scenario-based questions or case studies especially at a strategic professional level.

    Students need to check the eligibility of each paper to see if they can opt for computer-based exams, the eligibility can be checked through the ACCA Global Website.

    KEY POINTS FOR ACCA EXAMS:

    Along with having an understanding of the ACCA exam format, it is crucial to keep in mind the format of ACCA qualification, below are the milestones a candidate has to achieve to become ACCA qualified professional:

    • To become ACCA qualified professional it is crucial to clear a series of 13 papers divided into three levels and an ethics & professional skills module.
    • Mainly, ACCA exams are ranked between 0-100 per paper, and the passing marks required to clear the exam is 50% at least. 
    • Time management skills are very helpful for clearing the ACCA exam, candidates are advised to give balanced time to multiple choice questions and detailed written answers. 

    CONCLUSION: 

    However, the qualification of ACCA is quite competitive and structured but the format of the ACCA exam is not very complex if the candidate can understand it properly. ACCA exam format might differ from subject to subject but usually, it is a mixture of multiple-choice questions, scenario-based questions, case studies, detailed answers, and calculations.

    A candidate requires at least 50% marks in each subject to clear the exam, to complete the exam efficiently the candidate must have good time management skills so that they can complete the paper within the given time frame which is usually between 2-3 hours. ACCA also offers computer-based exams for certain subjects you can check the papers eligible for computer-based exams on the official website of ACCA. Therefore, it is not very difficult to understand the structure or format of ACCA exams, with keen focus and dedication a student can easily understand the ACCA exam format and ace exams. 

    FREQUENTLY ASKED QUESTIONS (FAQs):

    Q1: What is the format of the ACCA exams?

    Answer: The ACCA exam format consists of Objective tests which are usually computer-based exams assessed and marked automatically, these exams are typically conducted at the Applied knowledge level. Detailed scenario-based answers are conducted in traditional written exams, these exams are specially conducted in Applied skills and strategic professional level.

    Q2: How long is each ACCA exam?

    Answer: The duration of each ACCA exam may be either 2 hours or 3 hours depending on the paper, typically the duration of the objective exam is 2 hours whereas the duration of the written/ subjective test is 3 hours. 

    Q3: What is the passing ratio for ACCA exams?

    Answer: A candidate is required to achieve at least 50% marks in each paper to pass.

    Q4: How often can I take ACCA exams?

    Answer: Written or subjective exams of ACCA are conducted quarterly in a year, in the month of (March, June, September, and December), whereas objective tests can be taken throughout the year, and students can schedule them following their convenience. 

    Q5: What subjects are covered in the ACCA exams?

    Answer: A wide range of subjects of accounting, finance, and management are covered in the ACCA syllabus such as; Taxation, Audit, Financial Accounting, Corporate law, etc.

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