06-17-2006, 11:35 PM
Interesting topic there. Well ACCA will and has already had an impact on the Pakistani qualified accountants' market. Now this is not as simple as it sounds,because of a number of factors involved. I will take this in two scenarios
<b>ACCA gets practising rights</b>
There will be little difference between ACA and ACCA trained at large firms and would branch out into Listed companies and other MNCs, although I feel ACA will still retain a bit of shine and colour compared to ACCA.
ACCA's trained at smaller firms and those in the industry will form part of the Tier 2 base generally, but many skilled accountants move on to the 'prime' jobs.
<b>ACCA as its present</b>
ACA pretty much retains the auditing side of the market and part of the industry jobs in Listed companies and MNCs.
ACCA's having trained in accounting firms will have a more rounded experience and be able to fit in the general industry. ACCA's trained in intended industry will be competing with ACAs from within the practice for these jobs (especially at the entry level positions and specialised areas like product control in banks, or insurance etc.)
Well the above is a very general and 'canny' (as you may say) view on the above topic. Individuals have their own sets of skills and experiences that help them move upto various levels irrespective of where they have trained or what their Major in Uni was.
There is ofcourse this new surge in shortage of highly skilled accountants the world over, which ofcourse has dented into the Pakistani market as well, where last year alone have seen hundreds of accountant leave the country. The local market must now be moving on a demand side after many years of 'supply' scales.
<b>ACCA gets practising rights</b>
There will be little difference between ACA and ACCA trained at large firms and would branch out into Listed companies and other MNCs, although I feel ACA will still retain a bit of shine and colour compared to ACCA.
ACCA's trained at smaller firms and those in the industry will form part of the Tier 2 base generally, but many skilled accountants move on to the 'prime' jobs.
<b>ACCA as its present</b>
ACA pretty much retains the auditing side of the market and part of the industry jobs in Listed companies and MNCs.
ACCA's having trained in accounting firms will have a more rounded experience and be able to fit in the general industry. ACCA's trained in intended industry will be competing with ACAs from within the practice for these jobs (especially at the entry level positions and specialised areas like product control in banks, or insurance etc.)
Well the above is a very general and 'canny' (as you may say) view on the above topic. Individuals have their own sets of skills and experiences that help them move upto various levels irrespective of where they have trained or what their Major in Uni was.
There is ofcourse this new surge in shortage of highly skilled accountants the world over, which ofcourse has dented into the Pakistani market as well, where last year alone have seen hundreds of accountant leave the country. The local market must now be moving on a demand side after many years of 'supply' scales.
