ACCA, UMT ink MoU to promote the Accounting and Finance profession in Pakistan

ACCA-the global body for professional accountants and the University of Management and Technology (UMT) signed a Memorandum of Understanding (MoU) to promote the Accounting and Finance profession in Pakistan.

According to this MoU, graduates of BCOM programme are entitled to exemptions from ACCA papers F1 to F7 while graduates of BS Accounting and MCOM programmes of the University of Management and Technology (UMT) are eligible for exemptions from ACCA papers F1 to F9 in line with ACCA’s global accreditation policy.

The ceremony was attended by Sajjeed Aslam, Head of ACCA Pakistan, Mr. Faisal Azeem, Head of Education North and Sabahat Khan, BRM-Learning. The MoU was signed by the Rector UMT, Dr Hasan Shoaib Murad and Head of ACCA Pakistan, Sajjeed Aslam.

Sajjeed Aslam, Head of ACCA Pakistan stated, “I strongly believe that this is an excellent opportunity for students of UMT to top up their academic degrees with a globally recognised professional accountancy qualification. ACCAs are known to be complete financial professionals, having breadth and depth of skills, which are needed by employers.”

Dr Hasan Shoaib Murad, Rector UMT commented that, “Students pursuing degrees in finance and accounting have a great future in store in Pakistan and a wealth of opportunities are available in this field in Japan, China and the Gulf countries. We are designing the accounting degree programmes at UMT so that the curriculum equips them with the maximum theoretical and professional knowledge.”

The accreditation of UMT’s BCOM, BS Accounting and MCOM programmes will enhance the recognition of these programmes. Graduates from UMT with dual qualification will have better acceptability in local and international job markets which have become increasing competitive.