Since its inception, the profession of accountancy has been one of the highly venerated and significant career not only in Pakistan rather all over the world. Under patronage of International Federation of Accountants (IFAC), the global accounting standard-setter and regulator, various accountancy bodies all over the globe have been working for a disciplined mechanism of the profession and smooth handling of business transactions. Keeping in view the highly demanding prospects of the profession in Pakistan, various accountancy bodies have started offering its certifications and memberships to students and professionals so that they may strengthen their professional knowledge and serve the organization in their best capacities. Established in 1916, Institute of Financial Accountants UK (IFA), a full member of IFAC, recently organized its first series of quarterly branch meetings here in Pakistan. A series of two conferences commenced here in Lahore and concluded in Karachi.
Consisting of thematic discussions about “Work Life Balance”, “Block-chain Process” and “Contemporary Finance and the need of Research”, the Lahore and Karachi conferences were graced by a large number of business professionals employed in public practice, industry, and the public and private sectors. Where the conferences conferred an opportunity to young accountants and business professionals to meet and get benefited from a unique blend of thought provoking leaders, innovators, chartered accountants, business and economic analysts there at the same time the officials of the body conferred membership certificates to its newly qualified members in Pakistan.
Talking about “block-chair process”, Mr. Anayat ullah, ACA said, “The new business world is going to witness a dramatic transformation through block-chain process – a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly. This would ease up swift settlement of transactions in no time.” Endorsing significance of research in contemporary finance, Mr. Rakesh Parakash, MBA Finance, Ph.D Financial Distress said, “In today’s fast pacing modern business world, meaningful research and to the point interpretation of it, has been of paramount significance. I am glad that in Pakistan, we are not only realizing significance of financial research but at the same time are being successful in its meaningful practical implementation.”
Apart from numbers and business talks, the conference also had something easy on mind yet extremely important discussion for accounts in modern world i.e. work life balance. Talking about work life balance, Mr. Amer Shakeel, ACA, ACMA was of the view, “In order to live a peaceful and energetic life in real sense, we ought to get rid of this robotic life and realize the significance of work life balance. Spending entire day just for earning bucks of dollars and taking no care of health and family life, takes us away from nature and makes us live a living of machines.”
In the end, certificates were distributed among newly qualified members of IFA. Mr. Abdul Shakoor, regional director IFA Pakistan cast light upon upcoming branch activities and prospects for students in IFA. The two days’ conference concluded in Karachi with a vote of thanks by Mr. Jawad, country head finance in a private multinational organization. He congratulated newly qualified IFAs and wished them best of luck in their upcoming professional journey.
This article of mine was originally published in The News International – 11 May, 2018 https://www.thenews.com.pk/magazine/us/315007-ifa-pakistan-conquering-new-horizons