Transcript MPL EDUCATIONAL CONSULTANTS - Fatimiyah Education Network

MPL
EDUCATIONAL CONSULTANTS
CAREER OPTIONS IN
ACCOUNTING
&
FINANCE
WHY STUDY ACCOUNTING &
FINANCE?
A career in Accounting
and Finance provides
opportunities in
various areas like-
Is Accounting and Finance for you?
The following table provides
information
on skills & qualities required for
a successful career in
Accounting
and Finance sector.
BUSINESS
ADMINISTRATION
STUDIES
VS
PROFESSIONAL
ACCOUNTANCY
WHAT IS THE PURPOSE OF
BUSINESS ADMINISTRATION
STUDIES?
A Business Administration program is designed to meet the
challenge of full-filling the needs of the society under resource
constraints by providing new dimensions in the body of
knowledge needed for managerial development.
Environmental, social, ecological, and economic forces are
affecting every sector of business enterprise and every area of
business, governmental and industrial administration. The
Business Administration program prepares students for
assuming responsibility of management in their career path in
business and other organizations. The program also prepares
students having career interest in teaching or research and also
for higher studies.
OBJECTIVES OF BUSINESS
ADMINISTRATION PROGRAM
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The objectives of the MBA program are to develop the student's
(a) technical and functional skill in such areas as accounting, finance,
marketing, production-operations, human resource, etc.,
(b) analytical-decision making skill so that s/he can identify and diagnose
problems, formulate alternative solutions and make a decision,
(c) ability to successfully communicate and interact with diverse
individuals, to promote the ability to provide leadership and to
function as an entity in a competitive atmosphere, and
(d) inclination to innovate appropriate indigenous system and practice of
management effective in the socio-economic and cultural context of a
developing country like Pakistan
COMMON BUSINESS
ADMINISTRATION PROGRAMS
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Accounting and Finance
Banking and Finance
Business Administration
Mathematics and Economics
Management
Management with Law
Law with Management
Law with Accounting
Economics
Economics and Management
Economics and Finance
Development and Economics
WHY CHOOSE ACCOUNTACY AS
YOUR CARRIER?
Global demand for qualified finance professionals
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The global demand for qualified finance professionals has never been
so higher, and their work more varied.
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A job in accountancy can help you gain a high salary and a fast track
to the top in your chosen field, and as a qualified accountant, the work
you do will be intellectually demanding and interesting. Make the right
choice and you could work for the type of organization that suits you.
Any industry, any sector, anywhere.

If you are serious about a career as a finance professional, you need to
think seriously about a professional qualification. There’s a lot to
choose from, but the choice you make now will affect your career
options in the future.
ACCOUNTANCY IN PAKISTAN
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INSTITUTE OF CHARTERED ACCOUNTANTS
(ICAP)
INSTITUTE OF COST & MANAGEMENT
ACCOUNTANTS (ICMAP)
ASSOCIATION OF CERTIFIED CHARTERED
ACCOUNTANTS (ACCA-UK)
THE CHARTERED INSTITUTE OF
MANAGEMENT ACCOUNTANTS (CIMA-UK)
INSTITUTE OF MANAGEMENT
ACCOUNTANTS (CMA-USA)
GLOBAL INSTITUTE OF RISK PROFESSIONALS
(FRM-USA)
CHARTERED FINANCIAL ANALYST
INSTITUTE (CFA)
What Is Chartered Accountancy?
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Chartered Accountants work for big and small firms that offer fee
earning advisory and management services to a variety of clients and
businesses in the industrial, commercial and non profit sectors. They
audit the accounts of these clients and businesses and can also be
involved in specialist areas of financial advice such as tax. Chartered
Accountants are also employed in commercial organizations, banks,
and the private and public sectors.
To become a Chartered Accountant you need to be motivated, possess
analytical skills, numerical ability, a keen sense of what is going on in
the world of business and finance, and personal qualities such as
reliability and discretion. You will be required to study business and
corporate finance, economics, auditing, taxation, management and
information systems.
Chartered Accountancy is a rewarding career and there are excellent
prospects for employment in audit firms as well as in local companies,
multi-nationals, and local and foreign banks. The profession has stood
the test of time, and career opportunities for Chartered Accountants
are unfolding as corporations increasingly realize the importance of
professional values, ethics and good governance.
CHARTERED ACCOUNTNACY
or BUSINESS ADMINISTRATION?
An analysis of the recent batch profiles in the top
B-schools in the country shows that after engineers,
commerce graduates form the second largest chunk
of
students
in
Business
Administration
programmes.
Possible Career Progression after Qualification
CHARTERED ACCOUNTANCY
BUSINESS ADMINISTRATION
SWOT Analysis for MBA and
CHARTERED ACCOUNTANCY
Tracing the Career Path
Career path in Accounting
Accountants are involved in accounting procedures and
financial planning, in integrating the knowledge of
accounts and finance, as well as in computer software
development with other professionals for information
processing
Tracing the Career Path
Career path in Retail Banking
Retail Bankers are involved in customer interaction,
front line sales, channel sales, development of asset /
liabilities / card products, marketing of products or
handling non-delivery channels for Banking
products (like ATMs, Internet etc)
Tracing the Career Path
Career path in Insurance
A career in Insurance involves large asset management operations
and selling mutual funds and other investment products.
Tracing the Career Path
Career path in Financial Planning
Financial Planner offers extensive wealth-creation
advice and assistance across all financial markets or
specialise in areas.
Emerging areas in the Accounting
and Finance sector are•Financial Outsourcing –Knowledge Process Outsourcing
•Business Process Management
•Knowledge Process Management
•Stock Exchange
•Warehouse Management
•Investment banking
•Commercial banking
•Retail banking
•Financial Planning
•Forensic Accounting
Summary
As the speculation of industry professionals go, it’s
definitely going to be an upswing for the finance
sector. At present, the finance sector is getting
transformed into a technology-intensive and
customer-friendly model with a focus on
convenience. The role of an integrated financial
infrastructure is to stimulate and sustain economic
growth. Finance will have a significant contribution
in propelling Pakistan forward as a global
economic power.
WISHING YOU
THE BEST OF LUCK
FOR YOUR FUTURE
MPL
EDUCATIONAL CONSULTANTS
G – 4 GLASS TOWERS MAIN CLIFTON ROAD KARACHI
PHONE: 021-563-9751
CELL: 0321-2154989
E-MAIL: [email protected]
WEBSITE: http://www.mecpk.com