Structure of the ACCA Program in Pakistan?

 ACCA in Pakistan is a lucrative career for students who long for the accounting and finance field. 

However, when it comes to structure and preparation, there may be a slight difference in the procedure for Pakistani students. 

In this regard, we will put together a guideline for ACCA in Pakistan to help you fathom its structure.

What is ACCA?

ACCA Association of Chartered Certified Accountants is an international qualification for accounting and finance endorsed by ACCA global. ACCA in Pakistan is an ideal career for students who long for accounting and finance careers. This career also opens the gateway for Pakistani students to indulge in overseas opportunities.

Structure of the ACCA Program in Pakistan

Exam Structure For ACCA Examination

ACCA examination is divided into Applied knowledge, Applied Skill and Strategic Professional. These exams nurture expertise in ACCA to-be students to finally grab the title. 

Applied Knowledge

Applied Knowledge exam entails finance and accounting papers that students need to pass to build up their skills and expertise in accounting and finance to become ACCA professionals and apply those sets of knowledge and skills whenever exposed to a suitable environment in an organization. 

The Applied Knowledge exam in ACCA sets a vision of students and the required expertise for the future. The exam upholds students to gain the knowledge they should apply in their ACCA career. The Applied Knowledge exam includes: 

  • Business and Technology (BT)
  • Financial Accounting (FA)
  • Management Accounting (MA)

Applied Skill

Applied Knowledge exam prepares students for hands-on ACCA experience whenever exposed to dealing with the practical decision-making processes. 

As the name suggests, the Applied Skill exam is the foremost part to pass since it helps you to be prepared to practice the accounting and finance skills you will learn through this examination. The Applied Skill exam is done right after clearing the papers of Applied Knowledge. The papers included in this exam are:

  • Corporate and Business Law (LW)
  • Taxation (TX)
  • Financial Reporting (FR)
  • Performance Management (PM)
  • Financial Management (FM)
  • Audit and Assurance (AA)

Strategic Professionalism 

Strategic Professionalism is where students get to choose their career pathway in ACCA. This part allows them to specialize in the ACCA field they long to achieve. This exam includes a mixture of theoretical and practical accounting and finance techniques to uphold leadership skills in those fields in future ACCA members. 

This examination has two sections (Mandatory and Optional), and you have to crack both to complete the ACCA examination requirement structure. You have to pass two papers without any choice in the mandatory section. 

However, you will be given a choice to choose any two papers from four specialization papers in the optional section. The papers in Strategic Professionalism include:

Mandatory:

  • Strategic Business Reporting (SBR)
  • Strategic Business Leader (SBL)
  • Papers you can choose any two from:
  • Advanced Financial Management (AFM)
  • Advanced Audit and Assurance (AAA)
  • Advanced Taxation (ATX)
  • Advanced Performance Management (APM)
  • Ethics and Professional Skill Module

As ACCA in Pakistan mandates students to learn and abide by its ethical ground throughout their career in any organization, students have to pass through this milestone by learning ethical and professional skills. In this part, to become ACCA members, students are given critical situations to apply their ethical and professional decision-making.

Requirement of Hand-on Experience

Students eager to grab the ACCA membership need to have adequate practical experience of at least three years working with a reputable organization. In addition, throughout the practical experience of working in an ACCA field, the qualified members need to crack at least nine performance objectives. 

Duration

To start with your ACCA in Pakistan, you initially need to clear out the Foundation Diploma course. The Foundation Diploma can be done within one year; however, it still depends on completing it in a defined period. Students who have completed their Foundation Diploma will directly unlock the ACCA qualification phase. Moreover, the papers in Foundation Diploma such as F1, F2, and F3 will be exempted from the ACCA qualification.

Location: Lahore, Punjab, Pakistan

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