Saturday, October 11, 2008

CARRIERS IN PAKISTAN – ALL ABOUT ACCA AND CAT

Assalam-o-alaikum wish you all the good day and I am really sorry for taking too long to update this page of yours. But hey! Believe me this time I really came up with something very interesting to you. Those entire questions you want to ask but never had clear answers. So here you go. Why you spend much time and nerve when you the opinion of not one not two but of more than hundreds I mean more than 200.

So here is the result of the research conducted regarding everything you want to know about ACCA or CAT. This research is conducted through World Wide Web means.

DISCLAIMER: AUTHOR BEARS NO RESPONSIBILITY WHAT SO EVER, WHETHER DIRECTLY OR INDIRECTLY IN RELATION TO THIS RESEARCH. THE PURPOSE OF THIS RESEARCH IS "INFORMATION ONLY" AND IS CONDUCTED ONLY FOR GUIDANCE PURPOSES. AUTHOR ACCEPTS NO LIABILITY CONCERNING DECISION TAKEN ON THE BASIS OF THIS RESEARCH.

What is the best institute for ACCA/CAT in Lahore?

With SKANS and CFE students are found more satisfied whereas PAC being an icon missed the beats.

What is the best institute for ACCA/CAT in Karachi?

In Karachi beyond any doubt CAMS is chosen the best institute by the voters. However, AL-Hamd institute is giving the CAMS a very tough competition and is almost head to head with CAMS.

What is the best book for ACCA/CAT preparation?

BPP and FTC (Kaplan) book series are found favorite among students with more inclination towards FTC. Also to mention FTC exam tips is one of the book series that every student wants to have.

Is CAT difficult?

Large number of students agreed on the point that CAT is NOT very difficult and an average student is capable of doing it easily. However, when asked whether one should start it after matriculation or its equal counterpart o-level, majority was of the opinion that one should not jump into this with this much short academics.

ACCA vs. local degrees (B.Com, MBA)

ACCA is preferred, with big majority, over local degrees like MBA or B.Com. When asked why this is so, the answer was pretty straight forward: "Local degrees like B.Com proves no good to your carrier, rather wasting your time for 2 years, which is now 4 years, you are really at loss if you compare the time investment with ACCA which you can do with in 4.5 years including CAT". However most of the students want to do the MBA with their ACCA certification but only from selected institutes like Lahore School of Economics (LSE) or Lahore University of Management Sciences (LUMS).

Should one do CAT before doing ACCA?

No clear decision came out on this. Respondents were found divided almost half and half on this. Some said its better to do CAT before ACCA but other were improvising on their opinion by saying why waste time on 5-9 papers when you can do the same in 3 papers with a bit over average effort.

ACCA vs. CA

In Pakistan ACCA is second only to CA, and to be very frank students of ACCA were found very "noisy" over this. At every point, at every opportunity CA keep its lead over ACCA. In order to put CAs to the test ACCA students have a new plan ACCA+MBA that really is AN idea. However some said that ACCA is a substitute to CA because of its global recognition and "easy to study" syllabus as compared to CA and in addition to that less time to complete the certification.

What is the most difficult paper in CAT?

T5 is found as one of the most difficult paper in CAT and after T7 was voted as most difficult.

What is the scope ACCA in Pakistan?

This question really came up with very different answer beside the huge potential of accounting and information technology growth in Pakistan in recent years.

Majority said that there is no scope in Pakistan for ACCA qualified person. Then where can we find that "scope" thingy, they said England and the Middle East are the heavens for the ACCAs.

In how much time one can do CAT?

Results reported that one can do CAT in 1 or at most 1.5 years max.

Should one attempt 5 or 9 papers of CAT?

Population was found indifferent towards attempting 5 papers over 9 papers set. The most powerful opinion that came was that one should attempt 9 papers as student can have the CAT certificate and the full attempt will definitely be helping him later in ACCA papers.

How much ACCA qualified can earn?

Well answer to this question was given with much "this and that's" and of the big condition was of which firm you have articles under your belt. With articles from one of the BIG-4s one can earn 45,000 in start. In UAE or Middle East population was of the opinion that one can earn more than 7,500 dirhams

When articles should be started in ACCA certification?

Keeping in view its difficulty level many suggested that articles should be started after level 2 but professionals are of the view that one should start articles after its completion.

In how much time one can do ACCA including CAT?

One unanimous voice "3.5 to 4 years" is the period in which one can complete ACCA including CAT.

Why students choose ACCA?

Well, not like other qualifications, most of the students enter into this with proper plan and vision. But there is no less than majority who choose ACCA who left with no options and not surprisingly some of the population started this because of his/her relatives were doing the same.

Should one do a job while doing ACCA?

Voters found no harm in doing the job simultaneously with studies however they prefer not to do the job.

Should one opt for giving 4 papers at one time?

Well it depends on the papers to be attempted and on student himself too. If one can digest more in less time he/she can avail the option to the fullest extent but as a caution population warned to make the haste.

Which is the easiest and most difficult paper in ACCA?

F5 and F7 are voted as among the easiest paper to pass in ACCA certification but on the other hand F8 was voted as the most difficult to get through. Putting everything in words than its safe to say that LAW, TAXATION and AUDITING are the subjects with which students are found unhappy.

What to do after ACCA?

Vast majority answered that they will be doing CA (after claiming exemption up to CA-Inter i.e. module D) Or CFA.

What should be the salary of qualified ACCA without prior experience?

Salary up to 20,000 is acceptable to the mob in absence of any experience.

From which firm one should do his/ her articles?

BIG-4 is an obvious choice for everyone but still likings were noticed. Price Water Cooper PWC and Ford Rhodes were the most favorite firms of all. After ranking accountancy firms some said its better to gain accounting experience from one of the multinational companies.

Which is the best option for claiming exemptions for ICAEW?

Big majority voted that candidate should opt for paper P6 and P7 for claiming exemptions for ICAEW qualification.

73 comments:

  1. medical student can do acca if they do than firstly wht they do?

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  2. yeah sure f5 is the easiest paper ...no wonder it has the lowest passing rates

    rabia

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  3. medical students can do acca. its the same procedure for every body. either they can join by doing CAT or through Mature Student entry route i.e. u must be 21 years old.

    thanks

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  4. who said f5 is the easiest paper ? it's got the lowest passing rate ! i guess f1,2,3,6 are the easiest ones to get through only !

    Maisam

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  5. i agree with u maisam, but what should i say its the accumulation of of responses gathered from many different places :)

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  6. i m a medical student......and i will be of 21 year old in nov of this year....so please...suggest me what should i do?

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  7. i want to do ACCA...please guide me...i do not have any idea about this field.

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  8. well nihal its good that u want to adopt acca. after ur 21 u can start acca by using Mature Student Entry Route or MSER...

    its easy. once ur 21 years of age u can register with acca.

    once ur registered u can sit in the exams.

    thanks for asking

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  9. in MSER u have to give F2 and F3 first, with in 2 years of registeration. once u passed both f2 and f3 than u r eligible to sit in f1 and other papers.

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  10. Iftikhar KhwajahMarch 2, 2009 at 7:37 AM

    Hai Everyone, I wanted to ask that:
    What Shoul I Do Before CAT & ACCA, And What Qualification requires for CAT & ACCA, I m Really unaware of this field, Can Anyone Help me, MI Email IS: De_La_ghetto360@yahoo.com
    I'll Be Greatfull,

    ReplyDelete
  11. before doing CAT u dont need to have any special degree or qualification. if u have done matric u can join CAT, even if u r not done with ur matric. still u can join CAT.

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  12. HI...I AM a bba a student..please guide me can i do acca as i am planning to go for BBA finance and accounting....will i get any exemptions??? will it be good to ACCA OR go for CFA after my BBA is once complete..........

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  13. can i do ACCA alongwith my BBA????

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  14. To ayesha:
    ACCA is a heart favorite qualification among enterprises hiring professionals and students. Its extensive and clear definition of syllabus makes it better then any BBA or MBA. However, doing BBA is not bad while doing ACCA.
    Another thing as an info, once you complete ACCA you can apply to Oxford Brookes University, a uk based uni, for BBA which u can get by writing a thesis paper.

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  15. To saima:
    Yes u can do ACCA while doing BBA, very big number students are doing this. We even know some students who are doing CA with ACCA and/or CFA.

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  16. Is ACCA hard for pre medical students?plz let me know...m waiting.

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  17. we find no reason which will make pre medical students not doing ACCA.

    Premedical students are sometimes get afraid of mathematics, but in ACCA we dont have any technical mathematics.

    So dont worry if u want to do it, have some counseling from any experienced ACCA or ur teacher and do it :)

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  18. can one do ACCA and CAT only on the basis of maticulation exams??????without giving the exams of 1st and 2nd year ????

    plzzzzz do ans my ques.....!

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  19. Yes one can do CAT after matriculation but not ACCA. For CAT there is no compulsion of prior certification like matric or F.Sc.

    However for ACCA u cannot do ACCA right after matric.

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  20. a.o.s dear sir/madam i wana to do acca but in this field i have not any knowledge plz guide me

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  21. a.o.a........
    i wanted to ask tht if i do CAT after matric nd then apply for ACCA....WITHOUT DOING 1ST ND 2ND YEAR....WILL I BE GIVEN ADMISSION IN ACCA.....I MEAN IS THERE ANY OTHER COMPULSION FOR ACCA???

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  22. i gona want to do CAT with ACCA but i dont know about expenditures plz guide me

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  23. PLZ TEL ME ABOUT EXPENDITURES FOR CAT

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  24. I am not very good in Mathematics.Can i do ACCA easily or a Math master mind is needed?

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  25. well acca doesnt mean that.... :) yeah but u must be hardworker... acca doesnot involve technical methamatics...

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  26. I want to do internship just after CAT?what things are required to do internship or to make ur knownledge practical?Good marks,or approach?

    ReplyDelete
  27. HI, HOW ARE YOU! YOUR CONTRIBUTION TOWARDS THIS WEBSITE IS VERY MUCH APPRECIATED! BY THE WAY DO YOU HAVE QUESTIONS FOR CAT PAPERS FOR T6, T7, T9,AND T10! PLS HELP! IT WILL BE VERY GRATEFUL OF YOU! THANK U SO...OO MUCH!

    ReplyDelete
  28. Hi Ali Raza,
    well its not possible for u to get internship right after CAT, but it is possible that u may get a job. But still it depends. However, at this much early stage its almost impossible for u to get either a job or internship straight after CAT. We think that u must continue with studies and do ACCA.

    Well good marks in this field are only possible if u have a good approach, moreover, these two complement each other.

    Thanks
    Kaka

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  29. Well we are expanding our database and we are also thinking of launching online tutoring on CAT and some of the ACCA subjects...

    Do check back for latest activities

    Thanks
    Kaka

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  30. Can u plz tell me how much hours are necessary for a person regularly to get good marks in CAT and ACCA?and is ACCA tough,Even if a person do his work regularly.

    ReplyDelete
  31. Hi Ali,
    well its something that depends on the student and the source from where he/she is knowing the subject. if u have good teacher and u r putting efforts in the subject it will be easy for u and may be u dont have to give much time to it.

    Regards
    Kaka

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  32. Assalam-o-alaikum.
    Thanx for Reply.Can u plz tell me what is worth of ACCA in UAE(Specially Kuwait and Oman).Is ACCA worth there as its worth is in UK etc.

    ReplyDelete
  33. well ACCA is a profession in itself... and memebers of ACCA are never dealt like ordinary professionals. wherever u go u will have ur own distinction with urself... but yeah salary is different for different parts of the world... but dont expect anything as whole word is under recession so if u decide on salary basis that will not be a good idea as whenever this recession will vanish ACCAs will be enjoying great salaries everywhere

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  34. ok.Don't u think that because of a huge competition from all over the world in ACCA.Will ACCA never lose its value.For example now a days everyone is doing B.com today.And because of this,B.com has lost its value that it had before.What about ACCA?

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  35. As per the salary surveys conducted by Robert Walters, Hays, etc, in UK ICAEW and CIMA new qualifieds are paid 5000-8000 GBP higher than ACCAs where as if they work on the basis of per hour rate, then that's almost same. On CIMA official website, www.cimaglobal.com it's clearly mentioned that survey conducted proved that CIMAs are paid 18% higher than ACCAs.

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  36. plz tell me that i wana do acca,before acca i wanna do CAT i'm a student of 1'st year n i hv taken maths,stats n economics.it will help me at cat or acca?plzzz reply

    ReplyDelete
  37. Dear all members,
    Assalam o Alaikum,

    plz send me course rate in karachi & institute in karachi.
    acca, ca, cima, icma, mba, cfa, cat, icca, pipfa & every course of accountacy.
    plz send this web or may email address:hot_kr@hotmail.com
    muhammad.ahmed66@gmail.com
    i am B.com Part II student.
    plz help me my future degree

    ReplyDelete
  38. hi All,
    i have just took admission in CAT at RISE school of accountancy.i am doing final year of Graduation,but iam Only 19.please let me know how can a studen get awsome marks in CAT?As i am doing job as well.Thanks.
    Urooba.

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  39. Assalam-o-Alaikum!
    can I do it CAT with 2nd year study.
    plz reply me

    ReplyDelete
  40. can I do it CAT with 2nd year study
    plz tell me.
    Regards
    Muzammil Siwani

    ReplyDelete
  41. PLz send me the full procedure of Cats my email address is : cool.raza@hotmail.com, cool_siwani@yahoo.com
    I m waiting for ur reply
    Regards
    Muzammil Siwani

    ReplyDelete
  42. can i continue mycat along wd any bachelor course?
    n can i have job in govt sect of pakistan after doing ACCA?

    ReplyDelete
  43. asalamoalaiqum,
    kaka can u tell me which is the best firm to do internship for acca in lahore and is 6 to 8 months experience enough to start a job .my last question is if some one statrs a job directly then will it b counted as his experience and will the person doing job and a person doing internship the same?plz do answer to me.my email adress is aliiqbal497@hotmail.com

    ReplyDelete
  44. Hi i hv done A levels with Bio chem and phy...lookin forward to do math and economics ...cuz i have heard that A level maths cancels CAT ...im actually lookin to do BBA and ACCA at a same time in future???will it be ok?/any comments related A level Pre-med student

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  45. mjhe f.sc medical k bad kiya krna chahye cat.CA.ACCA.MBA YA BBA
    WHAT SHOULD I DO AFTER F.SC EITHER CAT.CA.ACCA.MBA OR BBA PLZ TELL ME AT MY EMAIL ID SHANSOL786@YAHOO.COM

    ReplyDelete
  46. hi kaka,i want to do acca but i have no knowledge of this field.my fsc marks are very good and i can do engineering.my parents are forceing me to do engineering.but my aim is to acca.my family cannot afford me to do cat.plz u tell me that if i will do bcom then i can acca.plz reply as soon as.my email id is tayyab_ahmad2@yahoo.com.plz reply me to my id.i will wait u.tayyab

    ReplyDelete
  47. aoa.im doing acca.i have passed f series and now studying professional papers...i want to ask u that whether i should go for a job after doing acca or stick to articles???also what is starting salary for an acca without articles??? plz guide me

    ReplyDelete
  48. hi kaka,i want to do acca but i have no knowledge of this field.my fsc marks are very good and i can do engineering.my parents are forceing me to do engineering.but my aim is to acca.my family cannot afford me to do cat.plz u tell me that if i will do bcom then i can acca.plz reply as soon as.my email id is --Email Hidden--.i will wait u.tayyab

    ReplyDelete
  49. Hi Tayyab,
    Hope that this message will be received by u in good spirits.
    Dear, getting information regarding ACCA is not a problem, just visit any institute near u conduction ACCA classes and the student coordinator will help u or visit www.accaglobal.com.

    Now as ur saying that u have good marks in engineering and can also get admission and also ur parents are inclined towards engineering and more than that ur saying they cannot afford CAT, than i think situation is pretty simple and not much braining is required on this matter. You should go for engineering.

    But if u think that u can make ur parent satisfied on CAT on ACCA, have a meeting with them, listen to them why they want u to do engineering and then after that request them why u want to do acca or cat.

    I will not advise u to do anything counter to ur parents will unless u make them satisfied as they are in much better position to assess everything around them as compared to me and u.

    Bro, ACCA or CAT is not the end of the world, We personally have seen engineers now doing ACCA instead of MBA, which was previously the best degree to go along with engineering. So it means even after doing engineering u have the option to opt for ACCA. It just depend on u how much hungry u r to study more and more :)

    Regards,
    Kaka

    ReplyDelete
  50. Our advice is that u should stick with articles, as doing job will limit ur knowledge one particular segment of accountancy in which ur enterprise has assigned u.

    Talking about salary without experience after doing acca is heart renching. Without experience no professional knowledge is appreciated.

    Thanks,
    Kaka

    ReplyDelete
  51. aoa kaka,i want to know the scope of acca in pakistan.after acca can i do ca?my friend say me that acca is not a good degree.after acca,either i want to do ca or go to dubai.how is the scope of acca in dubai.plz kaka guide me in this field.i have no knowledge.after acca,how many paper are remain for ca.i will wait ur answer.tayyab

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  52. Hello Tayyab,
    Hope ur great in ur spirits.

    Well we certainly not agree with the claim that acca is not a good degree. ACCA is one of the fastest growing profession in the world.

    The point is sometimes we can't compare two different qualifications even if they are related to one professional field.

    CA and ACCA are one of the best professions to be chosen as carrier and both have their own capacity in the market.

    CA and ACCA both have equally good opertunities in dubai and other parts of the world its just upto the student how he uses his knowledge and stand out from the crowd.

    Regards,
    Kaka

    ReplyDelete
  53. hi kak,plz i want to know that after acca, i can do ca?and how can i do ca.how many time are reqiured for ca after acca.plz kaka tell me

    ReplyDelete
  54. can i do CAT only on the basis of maticulation ??bcoz mera maths accha nhi hai.kya cat mai bhi maths hi hota hai?bohot se logog se suna hai k cat bohot difficult hai kya ye sahe hai.aur maine matric kiya hai kya ap mujha ye bhi bata saktay hain cat maine matric arts maine kiya hai to kya mera admission ho jay ga cat mai?aur private admission kis trahan send karty hain cat k liye ?aur cat mai admission kab tak liya ja sakta hai?i mean kis date tak ?cat ki online registration send karne ka tarika b batado plz. .plz guide me about cat.plz reply

    ReplyDelete
  55. i am in the bba 2 semester, i want to start ca or acca alongwith it, i want to know which one is better keeping in mind i am also doing graduation... or should i complete my bba before starting either of them... bearing in mind i have done a levels

    ReplyDelete
  56. hi
    i have completed my BCOM now i want to do ACCA
    i want to know that which is better for me ACCA or MBA?
    and what are the expenses of ACCA
    please do me a reply
    i am greatful to you

    ReplyDelete
  57. Assalam-o-alaikum.

    Sir i want to ask that can i start ACCA.I am 20 years old.Also i am doing B.A(3rd year).
    I heard from someone that there is a new rule have come from ACCA.
    Is this possible.Can i start ACCA now?or i have to do CAT first?

    ReplyDelete
  58. i have done f.sc and i m weak in maths ..... should i do acca?Is it difficult kaka?

    ReplyDelete
  59. Hi to the one doing BA :)

    Dear there is no new rule but yeah after you are 21 years old you get eligible for entering the ACCA on mature age basis.

    But after you complete BA may be there is a possibility for you to enter the ACCA program on graduation basis

    ReplyDelete
  60. hi...i'm a B.sc computer engineering student...i want someone help. i'd like to follow some management courses..can anyone prefer me which is the best course suited for my career oppotunities?...i expect foriegn employement in countries such as uk,usa,australia or singapore? which is the best course?(cima or acca...)

    please help me..

    ReplyDelete
  61. sir plz send me information about ACCA and also aboutCAT that and also its importance and on which subject it includes and how many time it takes to complete

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  62. hey this is Mirza Asad.......hey kaka i hve checkd the exam tips Acca december 2009 but these tips r so vague and are bpp exam tips in last attempt there were ftc exam tips which were more clear these bpp exma are very precise please provide ftc december 2009 exam tips which r more reliable and more exam focus and in more detail please help me out......

    ReplyDelete
  63. i want to ask that i am going to start my cat from tabani's school of accountancy so is it a good institute to start with and secondly i've done my intermediate with engineering si is'nt it diffcult for me to study commerce subjects.
    waiting for your reply
    Hasan Ejaz

    ReplyDelete
  64. hi
    plz do help me
    I am a physiotherapist & i want to do acca
    i'm weak in english
    can i do acca?

    ReplyDelete
  65. hello great work u r doing here..i m an acca student in her professionals and i will be applying for big four firms in march...the problem is that the trainee recruitment process has become very competitive. so can you advise me on how i can make my CV truly stand out? what are the requirements of an exceptional candidate? your help would be very much appreciated cuz i m clueless. thanx

    ReplyDelete
  66. sadiya khan
    assalamualikum kaka... plz let me know that..how many modules and papers are in acca ?
    and how much it get time?? 2 years are enough??
    wat % is required 4 pass the every paper? wat is article i dont understand wats that..??

    ReplyDelete
  67. Hi, I am a mature student who has done some other qualifications. I have 7 exemptions in ACCA.
    What is the best way to plan my studies on distance learning self study basis. I donot have any tutor. Which books I should refer to

    ReplyDelete
  68. SAALAM MAI B.COM KI STUDENT HUN OR MAI YH PATA KARNA CHAHTI HUN K ACCA K BAD C.A KITNY YEARS KA HO JATA HAI OR YH B K B.COM K BAD C.A START KARNA ZIADA BETTR HAI YA ACCA KAR K CA KARNA?AND ACCA KI KOI DEGREE HOTI HA YA JUST COURSE HAI YEH

    ReplyDelete
  69. affan.A.K say
    well after reading all comments i suggest that thinking of peoples are not so open and widely.i can say that b/c i m a student of ACCA and acca has its scope but friendly speaking in pakistan mostly CA got more opportunity than acca but now a day many qualification is enter in market and competition is more so this difference is at so extend reduce

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  70. VERY GOOD ND COOL ANSWERS

    I HAVE A QUESTION THAT THERE IS ANY UNIVERSITY FOR ACCA IN DUBAI IF ANY PLZ PLZ TELL


    RAZA

    ReplyDelete
  71. HI
    This is ibrahim from Saudi Arabia.
    Can a person do CA in the UK after Completing ACCA in Pakistan.

    ReplyDelete
  72. hi arooba i can give u the help regarding ur CAT study problem i m student of ACCA in CFE very near to u

    ReplyDelete

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