CA (PK)

ASD

  • Out-of-Class academic support to weak students
  • Make-up classes for those who have missed out the regular class
  • Additional practice sessions, especially for numerical subjects

The Institute of Chartered Accountants of Pakistan (ICAP)

Introduction of the Professional Body
IACP is a professional body of Chartered Accountants in Pakistan, and represents accountants employed in public practice, business and industry, and the public and private sectors. The Institute is a member of the International Federation of Accountants (IFAC) which is the global organization for the accountancy profession. "ICAP has approx. 7300 members who are currently working in 46 countries worldwide. With thousands of students joining our prestigious fraternity, we offered approx. 382 ambassadors to the local and international market in the year 2013. The transformation to global financial reporting standards requires the internalization of new values and attitudes. At ICAP we realize that education is critical and holds together the centrifugal forces that continue to pull us towards diversification, yet persuade us to retain our distinctive identity. The head office of the Institute is housed in its own premises in Karachi at Teen Talwar, Clifton with regional offices in Islamabad, Lahore, Multan, Faisalabad and Peshawar.

Benefits of ACCA Qualification

  • Obtaining such a qualification is evidence that the holder possesses skills and knowledge which are in high demand by employers in the industry, banking, auditing, consulting as well as other professions like taxation and law
  • The qualification has three and a half year mandatory training requirement with a Chartered Accountant firm ensuring the practical side of the qualification
  • Enables you to become competent enough to reach the topmost level of any business organizations, including large multinational, banks, leasing companies etc
  • Provides an opportunity to set up own Chartered Accountant firm, having a license to conduct statutory audits, provide tax and consultancy service

There are two schemes of Entry:

  • Full-Time Study Scheme
  • Trainee Scheme

Full Time Study Scheme

  • Candidates who have HSSC with minimum 50% marks, ‘A’ Levels with minimum two passes or equivalent qualification and graduates with minimum 45% marks.
  • Students meet the above criteria can enter the first level (AFC) after registration.
  • Before entering into the professional examination candidates pass or obtain an exemption from entrance test; Assessment of fundamental Competencies (AFC). A candidate may be provisionally registered for AFC examinations as fulltime student if the result is awaited
  • On successful completion of CAF, it is mandatory for the students to join an authorized training organization of the Institute for a prescribed period.

During training the candidate qualifies the following stages:

  • Certificate in Accounting and Finance (CAF)
  • Certified Finance and Accounting Professional (CFAP)
  • Multi-subject Assessments (MSA)
  • Financial Reporting Professional Competence; and Audit professional competence.

CFEs Accreditation/ Affiliation with CA (ICAP)

CFE is ICAP's approved Registered Accounting Education Tutor (RAET)

Exemptions for CA Qualification

Candidates seeking exemptions under any of the schemes are required to apply on the prescribed Form along with the prescribed fee and supporting documents/certificates as mentioned on the Form to the Directorate of Examinations before the prescribed date of submission of examinations forms. All the exemptions will be approved by the Directorate of Examinations, after scrutiny of each case independently.

For Brilliant and Talented students

The exemptions on the basis of academic qualification are available to the following categories:

  • Four-year degree from Specified Degree Awarding Institute (SDAI)
  • Four-year degree from Universities other than SDAI
  • A two-year degree from any university
  • Higher Secondary School Certificate or equivalents
  • A Levels

Papers for CA Program 

Level Papers Subjects
AFC AFC-1 Functional English
AFC-2 Business Communication
AFC-3 Quantitative Techniques
AFC-4 Introduction to Information Technology
Certificate in Accounting & Finance(CAF)
CAF CAF-1 Introduction to Accounting
CAF-2 Introduction to Economics and Finance
CAF-3 Business Law
CAF-4 Business Management & Behavioral Studies
CAF-5 Financial Accounting & Reporting-1
CAF-6 Principles of Taxation
CAF-7 Financial Accounting & Reporting-2
CAF-8 Cost and Management Accounting
CAF-9 Audit and Assurance
CFAP CFAP-1 Advanced Accounting and Financial Reporting
CFAP-2 Corporate Laws
CFAP-3 Business Management & Strategy
CFAP-4 Business Finance Decisions
CFAP-5 Advanced Taxation
CFAP-6 Audit, Assurance & Related Services
MSA MSA-1 Financial Reporting Professional Competence
MSA-2 Audit Professional Competence

ICAP Fee Structure 

Registration Fee Rs 12,000
Assessment of Fundamental Competencies (AFC) ICAP Exam Fee
AFC-1 Functional English • 4 papers of same Level - 9,100
• 3 papers of same Level - 7,100
• 2 papers of same Level - 5,100
• 1 paper - 3,100
AFC-2 Business Communication
AFC-3 Quantitative Techniques
AFC-4 Introduction to Information Technology • Computer Based Exam - 700
(Additional charges per Paper)
Certificate in Accounting & Finance (CAF)
CAF-1 Introduction to Accounting • 5 papers of the same Level - 11,100
• 4 papers of same Level - 9,100
• 3 papers of same Level - 7,100
2 Papers for same level- 5,100
1 Paper-3,100
CAF-2 Introduction to Economics & Finance
CAF-3 Business Law
CAF-4 Business Management & Behavioral Studies
CAF-5 Financial Accounting and Reporting – I
CAF-6 Principles of taxation
CAF-7 Financial Accounting and Reporting – II
CAF-8 Cost and Management Accounting
CAF-9 Audit and Assurance

Final Examination

Stage/ Module Subjects ICAP Examination fee per Module (Rs.)
Final Examination
Candidates appearing from: Dubai Riyadh Pakistan
AED SR Pak Rupees
4 papers of same module 1,070 1,100 13,000
3 papers of same module 965 1,000 11,000
2 papers of same module 880 900 9,000
1 paper 780 800 6,500
Annual Subscription Fee 45 45 1,000
Exemption Fee Rs.
Assessment of Fundamental Competencies (AFC) – Per Paper 2,800
Certificate in Accounting and Finance (CAF) – Per Paper 3,400
Final Examination – Per Paper 5,350
Module E (Complete Module) 16,700
Module F (Complete Module) 16,700
For PIPFA qualified candidates 21,400
For ICMAP qualified candidates 38,400
For CIMA qualified candidates 22,600
For ACCA Qualified Candidates
Exemption from six papers 19,200
Exemption from seven papers 22,600
Exemption from eight papers 26,000
For ICAEW / ICAI / ICAS / ICAA / CICA qualified candidates 75,200

Examination Schedule and Important Dates 

Month Session Stage
Feb-Mar Spring AFC and CAF
May-June Summer CFAP and MSA
Aug-Sep Autumn AFC and CAF
Nov-Dec Winter CFAP and MSA

Practical Experience Requirement

Period of training varies from with the academic or professional education background of the trainee. The following table provides information about the length of the period of training period

Sr. No. Qualification on the Commencement of Training Training Period
1 Candidates who have passed or obtained exemptions from CAF 3.5 yrs
2 Four-year Graduates/Post Graduates from University approved by Ed Com of ICAP 3 yrs
3 Graduates/Post graduates other than those mentioned (ii) above 4 yrs

Benefits of Studying CA from CFE

  • Faculty includes professional tutors including 12 CA's
  • Accreditation from world-renowned professional bodies
  • The leading brand in Accountancy and Finance qualifications
  • Self-developed, research-based study material comprehensive and organized study programmed ensuring guaranteed success in each examination
  • After lectures academic support
  • Merit-based scholarships and financial assistance
  • Regular class tests, quizzes, and mock examinations
  • Career counseling

Procedure

  • Forms should be submitted to Manager Coordination/ Manager Operations.
  • Students will be interviewed by Manager Coordination/ Manager Operations.
  • Based on the interview, the recommendation is made to the Principal for Financial Assistance.
  • Principal approves the Financial Assistance as per policies of the institute and keeping in view the budget of donations- allocated.
  • All applications will be processed within one week of submission.

Scholarships 

Merit-Based Scholarships
Qualification Marks Obtained Scholarship
(%age of Tuition Fee)
Intermediate Position holder 100%
80% or above 50%
75% - 79% 30%
65% - 69% 25%
A-levels Position holder 100%
6 or more A's 50%
2 A's 40%
1A + 1B 25%
B.A / B.Sc Position holder 100%
70% or above 50%
65% - 69% 30%
B.Com Position holder 100%
80% or above 50%
75% - 79% 40%
70% - 74% 30%
Students domiciled and resident outside Lahore 20%
Hafiz-e-Ouran 20%
Orphans 20%

Faculty 

Paper Name Qualification Teaching Experience Email
CAF-1, CAF-5, CAF-6, CAF-7, CAF-9, E-14 & F-19 Khalid Mehmood FCA, PhD Scholar (Accounting) 12 khalid.mehmood@cfe.edu.pk
F17, F18 Adnan Rashid FCA 12 adnan@cfe.edu.pk
CAF-5, CAF-7 & E-14 Asim Amin FCA, FCCA 11 asim@cfe.edu.pk
CAF-1, CAF-5 Shahid Ali ACCA, M.Com 6 shahid@cfe.edu.pk
CAF-5, CAF-9 Asim Nazir FCA 4
CAF-9, F20 Rana Muhammad Usman FCA 15
CAF-4 & E16 Kamran Azim FCA 10
CAF-6, CAF-8 Zahid Qavi FCA 11
CAF-3, E-15 Qasim Imam FCA 12
CAF-7, CAF-9 Abu Bakar FCA, FCCA 11
AFC-4, CAF-4 & E-13 Ashraf Rehman BCS, MBA, M.Phil-IT (Cont.) 17
CAF-8, & F-17 Abdul Azeem ACCA, M.Com, Dip-FM, PhD Scholar (Finance) 9
CAF-9 Sadaf Maaz ACA, FCCA 11
AFC-1, AFC-2 Sadaf Hassan MBA 8
CAF-1, CAF-5 Yasir Gonadal M.Com, PhD Scholar (Finance) 10 yasir@cfe.edu.pk
CAF-3 Erum Shafiqu LLB 13
AFC-3 Sanaullah Minhas M.Sc (Mathematics) 10
AFC-3 Dawood Shahid CA (Finalist) 6
AFC-3 Muhammad Javed Bhatti M.Sc (Statistics) 11
CAF-2 Dr. Muhammad Nawaz PhD (Economics) 9
AFC-3, CAF-2 Mubashir Waseem M.Sc (Economics), MBA, MCS, M.Phil HRM 17 yasir@cfe.edu.pk
CAF-9 Saqlain Siddiqui ACA 5
AFC-1, AFC-2 Sadia MA(English), MA(Linguistic) 10
AFC-1, AFC-2 & CAF-4 Gulzareen MA(English), MA(Linguistic), MA(Int. HRM) 3

     Admission Rules

  1. Registration fee is non-refundable and non-transferrable
  2. Admission process must be completed before commencement of classes by depositing institute's dues
  3. If you wish to withdraw or transfer your fee (pre result) of one or more papers, you can do so by writing an application in the specified form to the course coordinator within 2 weeks from the commencement of the course
    • The fee shall be transferred without deduction
    • A deduction of 10% of the applicable fee shall be made at the time of refund
      No application for refund or transfer shall be entertained in any case after the expiry of the above period
  4. If you have appeared in the recent ACCA/AFD examination and awaiting the result, you can withdraw or transfer your fee upon the declaration of result by writing an application to the course coordinator within the period of one week from the announcement of the result
    • In the case of transfer, no deduction shall be made if the fee is transferred to the same paper in the next session.
    • In the case of paper change, 50% of the applicable fee is deducted and 50% will be transferred to immediate next session
    • In case of refund after the declaration of result, 50% of the applicable fee will be deducted
  5. If your application for fee refund or transfer is not in accordance with the above criteria, no such application shall be entertained. Please note that crossed cheque of fee refund shall be issued to the credit of the student or in the name of parents
  6. Any application for refund/transfer will be processed within one week after the above-mentioned deadlines
  7. Any outstanding dues must be cleared as per due dates
  8. After the expiry of the due date, students with an outstanding balance will not be allowed to take classes anymore
  9. Students are not allowed to drop any course/paper after enrollment
  10. If a student wishes to take an extra class of any paper with another batch, he/she must inform the respective course coordinator
  11. If a student wishes to re-sit in any course, a 50% tuition fee will be charged
  12. Course, for which a student is enrolled, may be canceled, due to any circumstance, beyond the institution’s control. However, in the event of such cancellation, students will be informed and fee submitted will be refundable without any deduction

Chartered Accountancy (CA) In Lahore Pakistan

CA otherwise called Chartered Accountancy is a degree which is exceptionally regarded and esteemed all around the globe. Contracted Accountancy is an exceptionally compensating profession and is loaded up with circumstances which lead the understudies to various stages of accomplishment, for instance, there are astounding prospects for work in review firms, universal and nearby banks, and different worldwide organizations. This calling has set aside its opportunity to stand ardently. Presently, the Chartered bookkeepers from all around the globe are living for the achievement of the business world as the business circle is ravenous for every one of these representatives who comprehend the essentials of business and utilize their hypothetical learning and preparing rehearses in building up the business to the most extreme statures. With the progressing time, new chances and vocation building choices are unfurling for the sanctioned bookkeepers as organizations progressively understand the significance of expert qualities, morals, and great administration.

The qualification to get yourself enlisted for CA in Lahore Pakistan depends on two divisions for the understudies who have diverse scholastic foundations yet need to seek after the CA in Pakistan. First is known as the full-time plot and in this, the understudies are required to have passed the HSSC within any event half checks or A dimension with at least two passes or any proportionate degree. The understudies who meet these necessities can get themselves enrolled to the principal level i.e. AFC. In this plan, the understudies are obliged to finish the initial two sections of CA at that point finish their 3 years preparing and after that pass the last 2 sections of CA so as to get the level of CA.

There are various schools and foundations in Lahore that gives the aspirants the course to accomplish the CA degree. One of the numerous schools for CA in Lahore is CFE Group of Colleges. It has figured out how to give the understudies who look to gain capability in CA program with the best coaches in Lahore and Pakistan. All the training staff that is going to play a part with CFE Group of universities for bookkeeping degrees is profoundly taught and is an individual from the worldwide collection of bookkeeping since long. They have accomplished their insight by rehearsing the hypothetical ideas and rationale into for all intents and purposes developing the business for different national and global review firms. Accordingly, the understudies who look for the CA degree from CFE gathering of universities are prepared well with a cleaned range of abilities which will enable them to utilize their insight into morals and rationale into giving the best answers for genuine issues.

CA also known as Chartered Accountancy is a degree which is highly respected and valued all around the world. Chartered Accountancy is a highly rewarding career and is filled with opportunities which lead the students to numerous platforms of success, for example, there are excellent prospects for employment in audit firms, international and local banks, and various multinational companies. This profession has taken its time to stand steadfast. Now, the Chartered accountants from all around the world are living for the success of the business world as the business sphere is hungry for all these employees who understand the fundamentals of business and use their theoretical knowledge and training practices in developing the business to the utmost heights. With the passing time, new opportunities and career building options are unfolding for the chartered accountants as corporations increasingly realize the importance of professional values, ethics, and good governance.

The ICAP’s affiliation with all the international accountancy bodies has led to the collaboration among the member countries and has paid the key role in promoting standards in aptitude and high quality for accountants. There is a pattern for the degree program of CA in Lahore. The pattern follows a few exams which are expected to be taken and passed to move further in this course. AFC-3 and AFC-4 would be entirely computer-based in which only objective type questions would be examined. In the case of AFC-1 and AFC-2, objective type questions would be tested on computer whereas essay type (descriptive) questions would be examined separately and will be held along with CAF examinations.

There are a number of colleges and institutes in Lahore that provides the aspirants the route to attain the CA degree. One of the many colleges for CA in Lahore is CFE Group of Colleges. It has managed to provide the students who seek to acquire proficiency in CA program with the best tutors in Lahore and Pakistan. All the coaching staff that is on board with CFE Group of colleges for accountancy degrees is highly educated and is a member of the global body of accountancy since very long. They have attained their knowledge by practicing the theoretical concepts and logic into practically building up the business for various national and international audit firms. Thus, the students who seek the CA degree from CFE group of colleges are trained well with a polished skill set which is going to help them use their knowledge of ethics and logic into providing the best solutions to real-world problems.

All the routes that one can take to enter the CA degree program has some exceptions for the aspirants according to his prior experience and qualifications. If a person or aspirant is a bachelor’s degree holder, a qualified member of another professional accountancy body or has secured excellent marks in intermediate and A-levels examination, then he/she can be eligible to get exemptions from some papers or complete levels to join ICAP. There are a number of other routes present too which includes reciprocal agreements, advanced credit arrangements, common content arrangements.

To become a chartered accountant, the candidates are required to qualify the following stages:

Certified Finance and Accounting Professional (CFAP)

Multi-subject Assessments (MSA)

Financial Reporting Professional Competence; and

Audit professional competence.

On efficacious achievement of CAF, it is obligatory for the student to join a sanctioned training association of the Institute for a given period. Training contains specific learning times for each field of specialism through practical involvement. These average working hours are mentioned in detail in the Training Regulations and Guidelines of the Institute.

Every institute has its own structure of fees for CA in Lahore. Whereas the course registration and exam fees are constant all around, but the coaching fees may vary according to the quality of tuition the aspirant is getting. The duration of CA is also one of the hot topics and a lot of students question the duration of the CA program. Generally, people consider only 3 years of article ship period as a complete tenure for CA course but before that, a 1-year study for the first two levels is also required which makes a total of 4 years for completing CA course.

CA is a chartered degree which is affiliated by ICAP in Pakistan. CA is an acronym for Chartered accountancy whereas ICAP is abbreviation for Institute of Chartered Accountants of Pakistan. CA is a remarkable degree of accountancy. Along with the time CA degree has stood out to be the best in producing the audit and finance officer all around the world. It has been recognized as the only degree to produce aspirants which are qualified enough to be appointed as the chief finance officer (CFO) of a company or the auditor or head of internal audit of a company. The career opportunities for CA in Pakistan has been on the excellent scale and more prospects are unfolding with the passing years. There is already a big number of students who have done CA from Pakistan and are now working nationally and internationally in companies all around the globe.

The eligibility to get yourself registered for CA in Pakistan is based on two divisions for the students who have different academic backgrounds but want to pursue the CA in Pakistan. First is called the full-time scheme and in this, the students are required to have passed the HSSC with at least 50% marks or A level with a minimum of two passes or any equivalent degree. The students who meet these requirements can get themselves registered to the first level i.e. AFC. In this scheme, the students are obliged to complete the first two parts of CA then complete their 3 years training and then pass the last 2 parts of CA in order to get the degree of CA.

The second scheme for the eligibility of CA in Pakistan is called the Trainee scheme. In this scheme, the students who have done masters or graduation with at least 2nd division or ACCA, CIMA, ICMAP degree can apply for CA. The students in this scheme are expected to first complete three years of training and then start doing CA and complete the four parts of CA to get the CA degree.

While doing CA in Pakistan a student has to go through several courses which help develop his logical progression from comprehension level to decision making position. The course list that is required to study by every student who has registered for CA in Pakistan is as follows;

ASSESSMENT OF FUNDAMENTAL COMPETENCIES (AFC)

AFC-1 Functional English
AFC-2 Business Communication
AFC-3 Quantitative Techniques
AFC-4 Introduction to Information Technology

CERTIFICATE IN ACCOUNTING AND FINANCE (CAF)

CAF-1 Introduction to Accounting
CAF-2 Introduction to Economics and Finance
CAF-3 Business Law
CAF-4 Business Management & Behavioral Studies
CAF-5 Financial Accounting and Reporting - I
CAF-6 Principles of Taxation
CAF-7 Financial Accounting and Reporting - II
CAF-8 Cost and Management Accounting
CAF-9 Audit and Assurance

CERTIFIED FINANCE AND ACCOUNTING PROFESSIONAL (CFAP)

CFAP-1 Advanced Accounting and Finance Reporting
CFAP-2 Corporate Laws
CFAP-3 Business Management and Strategy
CFAP-4 Business Finance Decisions
CFAP-5 Advanced Taxation
CFAP-6 Audit, Assurance, and Related Services

MULTI-SUBJECT ASSESSMENTS (MSA)

MSA -1 Financial Reporting Professional Competence
MSA -2 Audit Professional Competence

The first paper of CA which AFC is (Assessment of Fundamental Competencies) has only the objective type questions and is supposed to be solved on the computer and gives the score of the students right after he finishes doing his paper. After completing their CA degrees, the students are eligible to apply for membership at ICAP.

Mostly, the students are concerned about the time that is required to finish CA degree in Pakistan. But it may take more than that. The years expected to complete CA in Pakistan other than the minimum required time for passing the papers of CA depends totally on the hard work and efforts that students put to it.

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CFE Group of Colleges started out as an industry competitor but soon became the industry standard in the fields of commerce, accountancy, and finance.

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