02-23-2010, 03:01 AM
What exactly do you mean by losing value?
Generally, people talk of losing value in two perspectives; 1) lower salaries and 2) lower demand in industry.
I believe none of these will happen. ACCA has a very broad scope. Its not confined to a particular sector (as CFA is only in asset management, FRM is in risk management etc.). As an accountant one can serve in each and every field and sector, from non profit organizations to multinational corporations, from government to private organizations and from educational institutions to hospitals etc. All firms regardless of the industry and sector they move in require the services of accountants. So in Pakistan it has a very wide scope.
Since it is an internationally recognized qualification therefore, it has great scope abroad as well.
So I don't really feel that value will be lost but, however, competition will increase and only the best will survive.
Generally, people talk of losing value in two perspectives; 1) lower salaries and 2) lower demand in industry.
I believe none of these will happen. ACCA has a very broad scope. Its not confined to a particular sector (as CFA is only in asset management, FRM is in risk management etc.). As an accountant one can serve in each and every field and sector, from non profit organizations to multinational corporations, from government to private organizations and from educational institutions to hospitals etc. All firms regardless of the industry and sector they move in require the services of accountants. So in Pakistan it has a very wide scope.
Since it is an internationally recognized qualification therefore, it has great scope abroad as well.
So I don't really feel that value will be lost but, however, competition will increase and only the best will survive.