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ACCA foundation diploma | PU new chair

ACCA launches foundation diploma
Lahore, May 03: A new award called the Foundation Diploma has been launched in the country by the Association of Chartered Certified Accountants (ACCA) here on Thursday.

The diploma would provide essential knowledge and skills to those students without relevant training and a clear entry route to ACCA's main accountancy qualification, called the ACCA Qualification. It can be completed within 12 months.

A launch ceremony in this regard was held here at a local hotel in which a large number of students, professionals and teachers participated. Muhammad Ramzan Achakzai, Secretary, Inter Board Committee of Chairmen (IBCC Pakistan) was the chief guest during the ceremony.

Addressing on the occasion, Achakzai said the Foundation Diploma was created after a detailed consultation with employers, ACCA learning providers, members, students and other professional accountancy bodies and regulators. He added that the youngsters increasingly aspired to have a qualification that was recognised globally and gave them chance to have a great career. The diploma would allow students to have access to a globally recognised qualification.

The IBCC Pakistan chairman further said the diploma provided a solid grounding in financial and management accounting and included a module in professionalism and ethical behaviour.

Speaking on the occasion, Alan Hatfield said the diploma represented the building blocks of finance because it developed skills and competence tailored to the needs of employers, the public and other key stakeholders.

"But more importantly, professionalism and ethical behavior are placed at the core of the awards two attributes necessary in the fast moving environment in which the accountancy profession works," he added.

Through the diploma, he said, the ACCA would continue providing opportunities to talented people, regardless of their background or prior learning, to progress and become a professional accountant.

With ACCA, Alan added, students might also acquire a degree en-route to becoming a professional accountant, offered in partnership with the Oxford Brookes University - which had over 10,000 graduates."

Arif Mirza, head of ACCA Pakistan, said all the aspiring finance professionals in Pakistan wanted to have every opportunity for success and that's why the institute had been working closely with learning partners here to develop the diploma.

Mirza further explained that once students had completed the seven papers, they would then be automatically transferred to the ACCA Qualification and would have exemption for the first three papers-F1 Accountability in Business; F2 Management Accounting and F3 Financial Accounting. He added that one of ACCA's missions was to provide opportunity and access to people of ability around the world and support our members throughout their careers in accounting, business and finance.

The ACCA has also increased its computer-based offering and now offers students the choice of sitting exams by computer-based exams (CBE) or paper exams for seven of the 10 exams in the suite that makes up foundations in accountancy.

In addition, students can choose which level award they wish to take, based on their past experience and level of ability. They do not need to go through all the levels in any prescribed order.

To receive any of the awards, the students must also complete the Foundations in Professionalism module that gives a solid ground in professionalism and ethics. For example, students wishing to progress to the ACCA Qualification may choose to take the Diploma in Accounting and Business as their only award. This award is suitable for anyone looking to do an introductory qualification in accounting and finance.

However, students working in Financial Shared Service Centres or working in junior public sector roles may take the Introductory or Intermediate Certificates. Students who wish to become Certified Accounting Technicians and use the designatory letters CAT after their name will complete nine of the ten available exams, including two of three options from Foundations in Taxation, Foundations in Financial Management and Foundations in Audit. Additionally they need to complete the Foundations in Professionalism module and a year of practical work experience.

British Council Director Richard Weyers, speaking in the ceremony, said British Council was a proud partner of ACCA globally, adding that the council wanted to have more cultural relations with other countries through education.

He said British Council was supporting the Higher Education Commission (HEC) to bring about positive changes in education sector.

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AIOU invites joint ventures
Islamabad: Allama Iqbal Open University (AIOU) Vice-Chancellor Professor Dr. Nazir Ahmed Sangi has invited the public and private sector institutions for undertaking joint ventures to improve capacity building of their employees.

While addressing the AIOU workers who were on duty on the International Labour Day, he offered to introduce special skilled-base training courses for the industrial workers. He also took round of the various sections of the university encouraging the employees to work hard for providing best education facilities to the students.

He also announced some incentives for the workers on this occasion. The VC assured that academic and technical programmes to be arranged by the university will contribute a lot to boost-up industrial production.

He announced setting-up 'Press and Publication Institution' at the AIOU main campus for the university employees as well as for the workers of other institutions. The technical training will be provided in various disciplines relating to press and publications. The training like packaging and binding will also be imparted to the workers.

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PU to set up new chair
Lahore: A Punjab University meeting on Thursday approved establishment of Faqir Muhammad Chair.

According to a press release, PU Vice-Chancellor Prof Dr Mujahid Kamran presided over the meeting of Finance and Planning Committee at his office.

Faqir Muhammad is maternal grandfather of noted artiste Sohail Ahmed. The meeting also decided honorarium of professor emeritus according to recommendation of Higher Education Commission. It approved health rules according to Punjab government rules and now the parents of teachers and employees would be able to avail medical treatment facility.

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UoE convocation
Lahore: The third convocation of University of Education (UoE) will be held on Saturday at Bank Road Campus auditorium.

According to a press release issued here Thursday, Punjab Governor/Chancellor Makhdoom Ahmed Mehmood will preside over the event.

In the convocation 2013, the degrees will be given away to more than 36,000 graduates. On May 3, a full dress rehearsal will be held in the campus auditorium.

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UHS considers synopses for registration of students
Lahore: The 77th meeting of Advanced Studies and Research Board of the University of Health Sciences (UHS) was held here on Thursday with Vice Chancellor Maj Gen (R) Prof Muhammad Aslam in the chair

According to a press release issue, the board considered the thesis reports of Dr. Adeela Shahid for PhD (Physiology), Dr. Sumreen Shafi for MPhil (Haematology), Dr. Farhan Rasheed for MPhil (Microbiology), Dr. Asma Ishfaq for MPhil (Oral Pathology), Dr. Sadaf Waris for MPhil (Oral Pathology), Dr. Rizwan Faisal for MPhil (Pharmacology) and Dr. Mohammad Nauman Shad for MPhil (Pharmacology).

The following synopses were also considered for registration of students in various postgraduate courses:"Effect of Juglans regia (Walnut) oil on hyperlipidemia and atherosclerosis induced by high cholesterol diet in rats/mice" by Dr. Muhammad Zeeshan Anwar for MPhil (Anatomy), "Effect of Vitamin E on ovaries and uterus of rats treated with fluoxetine" by Dr. Syed Rizwana Jafri for MPhil (Anatomy), "Effect of pomegranate (Punica granatum L.) peel extract on acetaminophen induced hepatotoxicity in adult albino rat/mice" by Dr. Nadia Ahmad for MPhil (Anatomy), "Aqueous extract of Carica papaya L. seeds helps in prevention of nephrotoxicity induced by naproxen sodium in rats /mice" by Dr. Ammara Riaz for MPhil (Anatomy), "effect of Citrullus colocynthis aqueous seed extract on beta cell regeneration and intra-islet vasculature in streptozotocin induced diabetic male albino rats" by Dr. Alia Amin for MPhil (Anatomy), "Protective effect of flax seed oil on acetaminophen induced nephrotoxicity in albino rats" by Dr. Munazza Sardar for MPhil (Anatomy), "Effect of silymarin on gentamicin induced nephrotoxicity in albino rats / mice" by Dr. Waqas Iqbal Butt for MPhil (Anatomy), "Protective effect of Coriandrum sativum L. leaf extract on isoniazid induced hepatotoxicity in albino rats/mice" by Dr. Mohtasham Hina for MPhil (Anatomy), "Association of single nucleotide polymorphism of interleukin-6 receptor (IL-6R) gene with rheumatoid arthritis in patients from Pakistan" by Dr. Shoaib Ahmed for M.Phil (Biochemistry), "The role of obesity, insulin like growth factor - 1 and interleukin - 8 in the development of uterine leiomyomas" by Dr. Masooma Bilal for MPhil (Biochemistry), "C-reactive protein level in coronary artery disease and its correlation with serum D-dimer" by Dr. Chaman Gul for M.Phil (Biochemistry), "Leptin deficiency and leptin gene mutations in childhood obesity" by Dr. Farah Naz for MPhil (Biochemistry), "In vitro activity of Vaccinium macrocarpon (Cranberry) on urinary tract pathogens" by Dr. Saima Bukhari for M.Phil (Pharmacology), "Comparison of effects of Aloe vera and diclofenac on blood pressure and renal function of hypertensive rats" by Dr. Nadeem Yaqoob for M.Phil (Pharmacology), "Mutations of FANCC gene (IVS4+4A>T, del322G, R548X) in local population" by Dr. Iram Aftab for M.Phil (Haematology), "The frequency of TEL-AML1 fusion gene in acute lymphoblastic leukaemia in children and adults" by Dr. Munir Ahmad for M.Phil (Haematology), "The frequency of BCR/ABL fusion gene in acute lymphoblastic leukaemia in adults and children" by Dr. Sadia Akbar for M.Phil (Haematology), "Mutations of FANCA gene at exon 1, 28 and 29 in patients of Fanconi anaemia in local population" by Dr. Saima Iram for M.Phil (Haematology), "Chromosome analysis of children presenting with disorders of sex development" by Ms. Shamsa Kanwal for M.Phil (Human Genetics), "In vitro efficacy of combinations of ceftazidime with meropenem, ceftazidime with piperacillin, ceftazidime with amikacin and ceftazidime with ciprofloxacin against extensively - drug resistant Pseudomonas aeruginosa" by Mr. Amir Jamal Gondal for M. Phil (Microbiology), "In vitro efficacy of doripenem, imipenem and meropenem against MDR Pseudomonas aeruginosa" by Dr. Nadia Wali for M. Phil (Microbiology), "Expression of Mini Chromosome Maintenance 2 and Ki67 as proliferation markers in renal cell carcinoma" by Dr. Muhammad Zain Mehdi for M.Phil (Morbid Anatomy & Histopathology), "Expression of estrogen and progesterone receptors in meningiomas" by Dr. Kanwar Sajid Ali for M.Phil (Morbid Anatomy & Histopathology), "A comparative study of ALLRED and ASCO scoring system for estrogen and progesterone receptors reporting in breast carcinoma" by Dr. Shahzada Khalid Sohail for M.Phil (Morbid Anatomy & Histopathology), "Immunoexpression of cytokeratin 20 and cytokeratin 7 in colorectal adenocarcinoma in association to histological grade" by Dr. Muhammad Tariq for M.Phil (Morbid Anatomy & Histopathology), "Morphological changes in oral mucosa of rabbits induced by dental curing light-light emitting diode" by Dr. Abdul Khaliq for M.Phil (Oral Pathology), "Morphological changes induced by inorganic arsenic in jaw bones, tongue and buccal mucosa of Wistar rats" by Dr. Muhammad Arslan Tayyab for M.Phil (Oral Pathology), "Ki-67 as a proliferative index in odontogenic jaw cysts" by Dr. Rabiya Saif for M.Phil (Oral Pathology), "Oral cytopathological changes in type 2 diabetic patients" by Dr. Wali Dad for M.Phil (Oral Pathology), "Comparison of morphometric assessment using methyl green pyronin and AgNOR staining of oral squamous cell carcinoma" by Dr. Ali Raza for M.Phil (Oral Pathology), "Expression of mucin 1 in pleomorphic adenoma of salivary glands" by Dr. Munazza Javed for M.Phil (Oral Pathology), "A comparative cytomorphometric study of buccal mucosal smears of cigarette smokers and naswar users" by Dr. Rabia Masood for M.Phil (Oral Pathology), "determination of cytotoxic T cells and NK cells in papillary carcinoma and follicular adenoma of thyroid" by Dr. Varda Jalil for M.Phil (Oral Pathology), "Bronchial hyperresponsiveness and lung function tests in tannery workers and the effect of montelukast sodium on airway hypersensitivity" by Dr. Zunaira Hamayun for M.Phil (Physiology), "IQ and serum Zinc, Iron and Magnesium levels in 5-11 years old children" by Dr. Lubna Jabeen for M.Phil (Physiology), "Relationship of serum vitamin D and Magnesium levels with insulin resistance and dyslipidemia in obese male subjects with metabolic syndrome" by Dr. Sabiha Iqbal for M.Phil (Physiology) and others. The news

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FDE eager to abolish evening shifts
Islamabad: Federal Directorate of Education (FDE) director general, Dr Shahnaz A Riaz on Thursday said the directorate would make a strategy in consultation with all the stakeholders to abolish evening shifts from the model colleges, realising the sufferings of the parents.

The DG admitted that evening shifts had become a major problem for all parents, and expressed her commitment to resolve the longstanding issue that had spoiled the routine activities of parents. She said that she will discuss the abolishment of evening shifts for the students of junior classes till primary in the first phase as they suffer the most and miss out on social activities.

The DG informed that 18 model colleges are currently running the evening shifts and each class has around 200 to 300 students. About the provision of textbooks, Dr. Shahnaz Riaz said the directorate has provided textbooks to all the students and there is no derail in their educational activities. She said National Book Foundation (NBF), which is the book publishing authority has provided 44 titles of books out of 66 to FDE while the directorate has managed rest of the books from old book bank. She said the order for textbooks was placed in time but Accountant General Pakistan Revenue (AGPR) raised objections saying "FDE must float tender for different publishers of textbooks and printing authorities as well so that the publishers and printing authorities with reasonable demand can be handed over the task".

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Skill development programme for SSUET employees
Karachi: Sir Syed University of Engineering and Technology (SSUET) has launched an extensive in-house skill development programme for its employees. The programme is aimed at overcoming the problem of over-staffing and meet the shortage of skilled persons in various departments, said an official of the institution here on Thursday. Under the programme, a first batch of 30 employees, mostly computer operators and office assistants, will undergo training in short hand writing and secretarial procedures. Registrar Shah Mahmood Hussain Syed said the programme will continue for six months. The three-day course will be conducted in consultation with Thomas Christy, Professor Emeritus from Manchester with Dr Amin Rehmani as training coordinator. app

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Candidates have complaints against RBISE
Rawalpindi: Students are facing problems due to incorrect roll number slips issued by the Board of Intermediate and Secondary Education (BISE), Rawalpindi.

Students appearing in Higher Secondary School Certificate (HSSC) Part I and Part II examinations have protested against the mismanagement in issuance of roll numbers slips. Photographs on slips of many students are changed. In many cases, subjects on the roll number slips are not the candidates had mentioned in the admission forms. In some cases, father's name is incorrect. Above all, a large number of students have not yet received their roll number slips at all.

The HSSC Part-II examinations are starting from May 18 and Part-I will begin from June 4.

Another problem, which the parents and students, particularly females, are facing this year is shifting of the BISE offices from scattered buildings around Sixth Road, Satellite Town, to a newly-built building at Morgah, which is about 10 kilometres from the old premises.

Nadia Mumtaz, a candidate appearing in the Part-II examination, said that many students have received incorrect roll number slips. "When the BISE offices were in Satellite Town their examination centre was also nearby. In case of some problem, they could just walk to the concerned BISE office and get the mistake rectified. Now it is very troublesome to travel all the way to Morgah for even a petty job," she added.

Rashid Mehmood, a student from Dhoke Ratta, complained that he has visited the new office of the BISE at least thrice but his roll number slip is yet to be corrected. "Nobody listens to me, and I am worried and disappointed," he said acidly.

Controller of Examinations Dr Irshad Ahmed Chattha said that in some cases there have been mistakes. "This is but human and can partly be attributed to shifting of the entire record and computers and paraphernalia to the new building. However we have ample time at our disposal and we will, Insha Allah, correct all mistakes and each and every student will have the correct roll number slip."

Dr. Chattha said that previously the BISE offices were scattered in seven or eight buildings which was a nuisance to the visitors. They had to run from pillar to post for many days to get the job done. Now that the BISE has its own sprawling campus, one will get the job done under one roof. He said that very soon everything will be streamlined and students and their parents will have no problem.

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NAVTTC launches awareness campaign
Islamabad: The National Vocational and Technical Training Commission (NAVTTC) has launched a countrywide awareness campaign for accreditation of institutes imparting Technical and Vocational Education and Training (TVET) in Pakistan.

The awareness drive, supported by the TVET Reform Support Programme, was kicked off at Islamabad in two information-sharing sessions. Heads, principals and managers of TVET institutes from all over Pakistan participated in these sessions, wherein basic information about the newly introduced accreditation system was shared.

NAVTTC Director General Accreditation & Certification Syeda Adeela Bukhari and Raja Saad Khan, National Deputy Coordinator TVET Reform Support Programme threw light on overall accreditation system and reforms in the TVET sector in these sessions respectively. The news

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Updated: 14 Oct, 2014
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