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 The objectives of the MBA program are to develop the student's 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 Accounting and Finance Accounting and Finance Banking and Finance Banking and Finance Business Administration Business Administration Mathematics and Economics Mathematics and Economics Management Management Management with Law Management with Law Law with Management Law with Management Law with Accounting Law with Accounting Economics Economics Economics and Management Economics and Management Economics and Finance Economics and Finance Development and Economics Development and Economics

WHY CHOOSE ACCOUNTACY AS YOUR CARRIER? Global demand for qualified finance professionals The global demand for qualified finance professionals has never been so higher, and their work more varied. The global demand for qualified finance professionals has never been so higher, and their work more varied. 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. 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. 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 INSTITUTE OF CHARTERED ACCOUNTANTS (ICAP) INSTITUTE OF CHARTERED ACCOUNTANTS (ICAP) INSTITUTE OF COST & MANAGEMENT ACCOUNTANTS (ICMAP) INSTITUTE OF COST & MANAGEMENT ACCOUNTANTS (ICMAP) ASSOCIATION OF CERTIFIED CHARTERED ACCOUNTANTS (ACCA-UK) ASSOCIATION OF CERTIFIED CHARTERED ACCOUNTANTS (ACCA-UK) THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS (CIMA-UK) THE CHARTERED INSTITUTE OF MANAGEMENT ACCOUNTANTS (CIMA-UK) INSTITUTE OF MANAGEMENT ACCOUNTANTS (CMA-USA) INSTITUTE OF MANAGEMENT ACCOUNTANTS (CMA-USA) GLOBAL INSTITUTE OF RISK PROFESSIONALS (FRM-USA) GLOBAL INSTITUTE OF RISK PROFESSIONALS (FRM-USA) CHARTERED FINANCIAL ANALYST INSTITUTE (CFA) CHARTERED FINANCIAL ANALYST INSTITUTE (CFA)

What Is Chartered Accountancy? 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. 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. 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 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 ACCOUNTANCYBUSINESS 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

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. Tracing the Career Path

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: CELL: WEBSITE: