Every ACCA student in Pakistan wants to have a future full of success. But large number of students is also worried and are asking whether they made the right choice. But are we really giving this its due importance and really using our minds? Here are the FIVE mistakes that we found much common among students in Pakistan pursuing ACCA qualification. Are you also the one doing one or more of these mistakes?
1. “Dying” for a JOB when you yourself is a “Living” BUSINESS
HUGE! (I cannot emphasize more than this) number of students doing ACCA when asked why they are doing ACCA they answer in first breath, “I need a good job”. Hold on a second! Why are you looking for a job when you are full of variety of skills which you can stretch in any possible direction with every possible dimension. Earlier Pakistani students realize this sooner they will have success waiting for them instead of they waiting for success to knock at door. Why after learning so much you want to work under someone when you can make people come to you. Its not about getting over confident its about getting confident. Why not be your own boss and something of your own. You can be a consultant in almost every kind of business for almost anything. You know tax, you know accounting, you know how to audit, you know how to implement the controls in every aspect of the business, you know how to manage, you know how to measure performance. You already know so much, now the only thing you need to learn is: how to use what you have already learnt!
2. Biting the wrong Variant!
Are you also doing UK variant just because you heard someone saying that Pakistan variant is too hard? OR You are not doing Pakistan variant tax just because you will not be in Pakistan.
Well if you have similar responses, then you have lost at the first place and sadly, its not only you who have lost, but also the ones who are going to follow you and thousands of people in your country who are looking at you because you are one of those very lucky people who reached this far and made an “alien” choice.
When you are going to gain all your initial experience here in Pakistan then why do some other variant and get lesser than what can learn if you select Pakistan variant. Just imagine that you learnt UK variant and afterward you are practicing Pakistani Tax law. There is a huge misconception among students that Pakistan variant is hard to grasp. The point is, if you want to be a tax specialist then why afraid of laws. And also, you believe it or not, once you are done with your local Tax law and also under go the relevant experience then you will be in a position to understand the tax rules of any country.
On the other hand, if you are abandoning Pakistan’s Tax laws and thus don’t know about Pakistani legal system then who is going to fill your shoes to do the legislation task in the future? Its not only a promise to bright future but also a matter of duty towards Pakistan
3. Leaving for less and missing big!
Large number of students are going abroad to study or continue their ACCA studies in foreign countries – most notable destinations are UK and Canada. Even larger people are just desperate to move abroad to find their fortune as they might hit a gold mine there.
Lets first of all take the case of students. I always try to put myself in the shoes of those students who are going abroad to study ACCA but still without a reason to leave Pakistan to study ACCA somewhere else. Come on! How can you leave such a place where you can find world class teachers teaching you all the subjects. You are spending almost quarter of your tuition expenses here in Pakistan compared to tuition cost you are going to bear abroad. Again, many are still paralyzed by such people who are constantly telling them studying ACCA in UK is better than studying ACCA in Paksitan. I think this happens because many students learn “cost-benefit analysis” later in the ACCA syllabus.
Now, turning to those who are leaving Pakistan to find a dream job somewhere, they must read point 1.
4. ACCA!…. and Full STOP!
ACCA must not be your last destination but the first “resting station”. If you are an ACCA qualified you have all the rights to enjoy this station and stay there for as long as you can. But this must not be the end of the road. Better accept that its just a certification that you have learnt many things. Now, its time to make discoveries and to dig your own road to a new destination. Don’t just stop here, go for Ph.D and give this world a new perspective in business. Devise new accounting and costing techniques. Come up with new management ways. Suggest cleaner, clearer and productive accounting standards. Imagination never costs anything. You already have all the arsenal you need with you why not fire it up!
5. No active participation! Involve to Evolve!
This area needs serious attention and it is my personal appeal to students for this. Get yourself involved in doing something serious related to your profession. Instead of wasting time in nonsense discussions on social forums or social websites, invest your time in what you are learning. Almost every student have access to internet in Pakistan who is doing ACCA then why not meet up with students living in other countries and learn from their experiences. Involve yourself in literary work. Write articles in different magazines – you already have one place i.e. student accountant. Make up groups of 5-10 students and discuss about what you have learnt and think how can you add more into this. Participate in institute level competition and involve yourself in society as this is the place where you will be going back after completing ACCA so better stay there right from the first point. Shape your thinking and people around you. Share your thoughts on any kind of platform you have. Only by sharing and involving you are going to evolve a confident professional inside you