ACCA’s Foundation Diploma awarded equivalence to HSSC Commerce in Pakistan
The news that it has become the first international professional accountancy body to have its entry level qualification officially recognised as being equivalent to a Higher Secondary School certificate has been welcomed by ACCA (the Association of Chartered Certified Accountants).
In a notification issued on 24 February 2015, Inter Board Committee of Chairmen (IBCC) has announced that ACCA’s Foundation Diploma in Accountancy is now equivalent to Higher Secondary School Certificate (HSSC) Commerce group of Pakistan.
Following this announcement, the graduates of the ACCA Foundation Diploma, passed out of 2014 and onwards, will only be required to pass three additional examinations of Business Mathematics, Statistics and Principles of Economics from Board of Technical Education and concerned Board of Intermediate and Secondary Education (in case of Baluchistan), after which they will become eligible to claim the intermediate equivalence certificate from IBCC.
ACCA works hard to ensure that its qualifications meet the needs of employers and that its students are ready for the world of work and the fact that it has passed IBCC’s rigorous assessment means that young people who pursue the course can be assured they will have a valuable and recognised qualification to their name.”
(You can use link for pic http://www.accaglobal.com/pk/en/qualifications/ibcc.html)
Fast-track to the ACCA Qualification
The Foundation level is the best preparation for the ACCA Qualification if you don’t have any other qualifications or experience. So if your ultimate goal is the ACCA Qualification, then starting with the Foundation Diploma will give you essential knowledge to help you pass. You will be automatically transferred onto the ACCA Qualification, free of charge, and given exemptions from the first three exams when you complete the Foundation Diploma.
Starting out at the right level
You could start the Foundation Diploma after completing O’ Levels, Matriculation or Intermediate if you are based in Pakistan; or O’ Levels or SSC exam if you are based in Bangladesh. These qualifications will give you a good basis from which to start your Foundation Diploma studies.
Earn more money
ACCA’s Foundation Diploma is your first step to becoming a professional accountant. You’ll get a better job and be paid more if you have a qualification in a profession that is in demand (like Accountancy). ACCA’s Students and affiliates salary and career survey 2012 reported that ACCA students and affiliates around the world frequently earn salaries that exceed the national average across professions, and they expect their salaries to increase as they progress through their studies. Qualifications awarded by ACCA are recognised, respected and in demand by all sorts of employers around the world.
Fast and flexible
With computer-based exams available throughout the year and paper exams twice a year, you could complete the entire Foundation Diploma and be registered as an ACCA students in less than 12 months. And there’s no time limit on completing the exams so you really can fit studying around your work and personal life.
You pay for your exams fees and tuition at each level as you go along, so there are no big upfront costs. The Foundation Diploma is a lower cost alternative to studying at University, and you can study and work at the same time. You will be transferred free of charge onto the ACCA Qualification once you’ve completed it, with free exemptions for F1, F2 and F3.