Business Studies (1)

8/14/2019 Business Studies (1)

http://slidepdf.com/reader/full/business-studies-1 1/17

CAREER OPTIONS INCAREER OPTIONS IN

ACCOUNTINGACCOUNTING&&

FINANCEFINANCE



BUSINESSBUSINESSADMINISTRATION(BBA,MBA)ADMINISTRATION(BBA,MBA)

VSVS

PROFESSIONALPROFESSIONALACCOUNTANCY(CA,ACCA,ACCOUNTANCY(CA,ACCA,ICMA)ICMA)



The Business AdministrationThe Business Administration

program prepares students for program prepares students for assuming responsibility of assuming responsibility of management in their career pathmanagement in their career pathin Business /Banking and other in Business /Banking and other organizations. The program alsoorganizations. The program also

prepares students having career prepares students having career interest in consultancy researchinterest in consultancy research

and also for higher studies.and also for higher studies.



OBJECTIVES OF BUSINESSOBJECTIVES OF BUSINESSADMINISTRATION PROGRAMADMINISTRATION PROGRAM

The objectives of the MBA program are to develop the student'sThe objectives of the MBA program are to develop the student's

(a) technical and functional skill in such areas as accounting, finance,(a) technical and functional skill in such areas as accounting, finance,marketing, production-operations, human resource, etc.,marketing, production-operations, human resource, etc.,

(b) analytical-decision making skill so that s/he can identify and diagnose(b) analytical-decision making skill so that s/he can identify and diagnoseproblems, formulate alternative solutions and make a decision,problems, formulate alternative solutions and make a decision,

(c) ability to successfully communicate and interact with diverse(c) ability to successfully communicate and interact with diverseindividuals, to promote the ability to provide leadership and to functionindividuals, to promote the ability to provide leadership and to functionas an entity in a competitive atmosphere, andas an entity in a competitive atmosphere, and

(d) inclination to innovate appropriate indigenous system and practice of (d) inclination to innovate appropriate indigenous system and practice of management effective in the socio-economic and cultural context of amanagement effective in the socio-economic and cultural context of adeveloping country like Pakistandeveloping country like Pakistan



BUSINESS ADMINISTRATIONBUSINESS ADMINISTRATIONFIELDSFIELDS

Accounting and FinanceAccounting and FinanceBanking and FinanceBanking and FinanceBusiness AdministrationBusiness AdministrationMathematics and EconomicsMathematics and EconomicsManagementManagement



Management with LawManagement with Law

Law with ManagementLaw with ManagementLaw with AccountingLaw with Accounting

EconomicsEconomicsEconomics and ManagementEconomics and Management

Economics and FinanceEconomics and FinanceDevelopment and EconomicsDevelopment and Economics



WHY CHOOSE ACCOUNTACYWHY CHOOSE ACCOUNTACYAS YOUR CARRIER?AS YOUR CARRIER?

The global demand for qualified financeThe global demand for qualified financeprofessionals has never been so higher, andprofessionals has never been so higher, andtheir work more varied.their work more varied.

A job in accountancy can help you gain a highA job in accountancy can help you gain a highsalary and a fast track to the top in your chosensalary and a fast track to the top in your chosenfield, and as a qualified accountant, the work field, and as a qualified accountant, the work you do will be intellectually demanding andyou do will be intellectually demanding andinteresting. Make the right choice and youinteresting. Make the right choice and youcould work for the type of organization thatcould work for the type of organization thatsuits you. Any industry, any sector, anywhere.suits you. Any industry, any sector, anywhere.



If you are serious about a career asIf you are serious about a career asa finance professional, you need toa finance professional, you need tothink seriously about athink seriously about aprofessional qualification. There’sprofessional qualification. There’s

a lot to choose from, but the choicea lot to choose from, but the choiceyou make now will affect youryou make now will affect yourcareer options in the future.career options in the future.



ACCOUNTANCY IN PAKISTANACCOUNTANCY IN PAKISTANINSTITUTE OF CHARTERED ACCOUNTANTSINSTITUTE OF CHARTERED ACCOUNTANTS(ICAP) up till only 4000 CAs are in Pakistan(ICAP) up till only 4000 CAs are in PakistanINSTITUTE OF COST & MANAGEMENTINSTITUTE OF COST & MANAGEMENTACCOUNTANTS (ICMAP) 4200 ICMAsACCOUNTANTS (ICMAP) 4200 ICMAsASSOCIATION OF CERTIFIED CHARTEREDASSOCIATION OF CERTIFIED CHARTEREDACCOUNTANTS (ACCA-UK)ACCOUNTANTS (ACCA-UK)THE CHARTERED INSTITUTE OFTHE CHARTERED INSTITUTE OFMANAGEMENT ACCOUNTANTS (CIMA-UK)MANAGEMENT ACCOUNTANTS (CIMA-UK)INSTITUTE OF MANAGEMENTINSTITUTE OF MANAGEMENTACCOUNTANTS (CMA-USA)ACCOUNTANTS (CMA-USA)GLOBAL INSTITUTE OF RISK PROFESSIONALSGLOBAL INSTITUTE OF RISK PROFESSIONALS(FRM-USA)(FRM-USA)CHARTERED FINANCIAL ANALYSTCHARTERED FINANCIAL ANALYSTINSTITUTE (CFA) Top financial expertsINSTITUTE (CFA) Top financial experts



What Is Chartered Accountancy?What Is Chartered Accountancy?

Chartered Accountants work for big and small firmsChartered Accountants work for big and small firmsthat offer fee earning advisory and managementthat offer fee earning advisory and managementservices to a variety of clients and businesses in theservices to a variety of clients and businesses in the

industrial, commercial and non profit sectors.industrial, commercial and non profit sectors.They audit the accounts of these clients andThey audit the accounts of these clients andbusinesses and can also be involved in specialistbusinesses and can also be involved in specialistareas of financial advice such as tax. Charteredareas of financial advice such as tax. Chartered

Accountants are also employed in commercialAccountants are also employed in commercialorganizations, banks, and the private and publicorganizations, banks, and the private and publicsectors.sectors.





To become a Chartered Accountant youTo become a Chartered Accountant youneed to be motivated, possess analyticalneed to be motivated, possess analyticalskills, numerical ability, a keen sense of skills, numerical ability, a keen sense of what is going on in the world of businesswhat is going on in the world of businessand finance, and personal qualities suchand finance, and personal qualities suchas reliability and discretion. You will beas reliability and discretion. You will berequired to study business andrequired to study business andcorporate finance, economics, auditing,corporate finance, economics, auditing,taxation, management and informationtaxation, management and informationsystems.systems.



CHARTERED ACCOUNTNACYor BUSINESS ADMINISTRATION?

An analysis of the recent batch profiles in the top B-schools in the country showsthat after engineers, commerce graduates form the second largest chunk of students in Business Administration programmes .

Possible Career Progression after Qualification

CHARTERED ACCOUNTANCY BUSINESS ADMINISTRATION



Tracing the Career PathTracing the Career PathCareer path in Accounting

Accountants are involved in accounting procedures andfinancial planning, in integrating the knowledge of accounts and finance, as well as in computer softwaredevelopment with other professionals for informationprocessing



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 orhandling non-delivery channels for Bankingproducts (like ATMs, Internet etc)

Tracing the Career PathTracing the Career Path



Career path in Financial Planning

Financial Planner offers extensive wealth-creationadvice and assistance across all financial markets orspecialise in areas.

Tracing the Career PathTracing the Career Path



Emerging areas in the Accountingand 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

•F i A ti

Documents

Business Studies (1)