Officially named F9, the passing rate in the financial management paper was only 43%. In other words, of all the students who took the exam in 170 countries of the world in December 2012, less than half were able to clear it. Among those who passed the exam, Ali scored the highest marks. “On the face of it, the paper may seem to have a high amount of calculation, but it is important to understand the underlying concepts behind the calculation. The examiner did not want us to be able to produce a set of numbers, but to evaluate them in the context of the prevailing environment,” Ali said while speaking on the occasion.
ACCA is the global body for professional accountants that requires its students to clear 14 papers and complete three years of internship in the field of finance. Ali has so far taken eight exams and scored 80-plus marks in each one of them.
The syllabus of the financial management paper (F9) focuses on ways to raise capital (equity financing, debt financing etc), reasons behind corporate failures, and mergers and acquisitions. Ali said he plans to do internship in either treasury or audit department of a financial services company.
Published in The Express Tribune, May 9th, 2013.
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@Hammad: now escape to ME today. ACCA though designed to give alms to Britian in the name of fees, is still better than BBA/MBA from a 2nd tier university. atleast you are qual for a global position
Congratz Ahmed, Its indeed an accomplishment. I was the placewinner in Pakistan in 2004 with 87 marks and missed the global placewinner position by 2 marks.
@Hammad: Congratulations (mun mein mithoo)! Salams
Pakistan has got talent galvanising and waiting. The youth will mold Pakistan into a new and respectable state, Inshallah. Viva! Bravo! Jiyo! Salams to youth of Pakistan
The pti government would surely support him. Once IK has negotiated with TTP the terms of peace he will change lot of things for Pakistan within 90 days.
I'm one of those 43% ..!! :' )
Glad to hear about the achivement espcially from by some one from Quetta
Congratulations Ahmed. :) Pakistan has got some real talent, I wonder why these students are not supported by the government.