How to Become a Chartered Accountant in Pakistan | How to Become a CA in Pakistan |

How to Become a Chartered Accountant in Pakistan | How to Become a CA in Pakistan | 

If you want to become a chartered Accountant in Pakistan and you are finding the best career for your future after F.S.C. OR I.COM. You should do so. I know you might be thinking CA is really hard. But you are not Wrong.

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Are you interested in Knowing the Answers to the following Questions?

1. Who can do CA?
2. How much does it cost?
3. Is CA difficult? ICAP does not pass the students? Is it true?
4. Which cities provide the opportunity to do CA?
5. What kind of jobs are offered after CA?
6. And So on......

CA stands for Chartered Accountant. It has a wide scope and promises a better future for its students. It is the only profession in Pakistan which has a zero unemployment. Not even a single chartered Accountant is unemployed in Pakistan.

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Who Can Do CA?

Any Student can join for CA in Pakistan with following criteria:

However, there is no bar for graduates to choose this stream. Requirements are Following:

• Higher Secondary School Certificate with minimum 50% marks.
• A Levels with minimum two passes, or equivalent qualification.
• Graduates with minimum 45% marks. 

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Board of CA in Pakistan: 

Institute of Chartered Accountants of Pakistan ( ICAP )  is a regulatory body of Chartered Accountancy in Pakistan which conduct examinations for CA. Only ICAP has the legal authority of offering CA. ICAP can provide the certification of CA in Pakistan. 

  

ICAP conducts the exams of CA all over the pakistan. Exams are checked by ICAP itself.

How Much Does it Cost in Pakistan:

ICAP has different types of Fee given below:

• Annual Subscription Fee = 2000
• Registration as Student Only = 17,500
• Registration as Trainee = 22,700
• Exemption Fee for AFC per Paper = 3,900
• Exemption Fee for CAF per Paper = 4,700
• CFAP Per Paper = 7,300
• MSA Two Papers = 18,600
• PCSC = 1,900

Assesment of Fundametal Competencies ( AFC) Fee:

1 Paper = 5,600

2 Papers = 9,800

3 Papers = 14,000

4 Papers = 18,200

Certificate in Accounting and Finance ( CAF ) :

1 Paper = 4,200

2 Paper = 7,000

3 Paper = 9,800

4 paper = 12,600

5 Paper  =15,400

Writing Skill Test = 1900

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Which Cities Provide the Opportunity to do CA:

Students always wants to know that which institute is best for CA. Some of these students even don't know the names of institutes. Mostly these are new comers to join CA. So, I am here to help them and told them the number of CA institutes and names of CA Institutes. Some Institutes have branches in more than 1 city. I will also discuss the branches of these institutes in different cities of Pakistan.

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Lahore:

• Skans School of Accountancy - SKANS
• Professional Academy of Commerce - PAC
• Rise School of Accountancy - Rise
• CFE College of Accounting and Finance- CFE
• College of Accountancy and Professional studies - CAPS

Peshawar:

• Skans School of Accountancy - SKANS
• Indus College of Business and Finance - IBF
• Professional Academy of Commerce - PAC

Islamabad:

• Skans School of Accountancy - SKANS
• National College of Business and Management Science - NCBMS
• School of Business and Management - SBM

Faisalabad:

• Skans School of Accountancy - SKANS
• Professional Academy of Commerce - PAC
• ILEX College of Accountancy - ICA

Gujranwala:

• Skans School of Accountancy - SKANS
• Professional Academy of Commerce - PAC
• College of Accounting and Finance - CAF

Multan:

• Skans School of Accountancy - SKANS

Rawalpindi:

• Skans School of Accountancy - SKANS
• WAH  College of Accountancy

Karachi:

• ARTT Business School
• AL- Hamd
• ASA ABEEL'S School of Accounts
• KNS School of Business Studies

What Kind of Jobs are Offered After CA:

Students of CA are often thinking about their jobs and carriers after CA. Because, this can help them to work hard in their studies. So, I am here to tell you the jobs of a Chartered Accountant in Pakistan.

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Some of the jobs of CA are following:

• Chartered Accountant
• Senior Auditor Officer
• Chief Financial  Officer
• Assistant Director
• Internal Auditor
• Finance Manager
• Deputy Chief
• General Manager
• Anti Money Laundering Head
• Finance Director
• Financial Controller
• Director General

How Long is CA Course in Pakitan:

As all the students of Chartered Accountancy knows very well there are 4 stages in CA. To qualify as a chartered accountant, Students must have to pass all the 4 stages to become a chartered accountant.

Chartered Accountant. So, I am here to tell you the total duration of CA in Pakistan. 

CA is not Degree, So, its exact time is not mentioned anywhere. It all depends on the students intelligence and their skills and also their interest, that how much they are interested in Chartered Accountancy. The more interested student is better than a normal student. Normally for an average student, the board of Chartered Accountancy ( Institute of Chartered Accountancy) describes that a normal student can qualify as a chartered Accountant in 5.5 years. This duration is not Obvious because Duration depends upon your subjects passed in one attempt. It varies from Stage to Stage. Every stage has its own duration.

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Assessment of Fundamental Competencies ( AFC) : 

In this stage ( First stage of CA in Pakistan), there are 4 subjects which a Student has to pass to move on to next stage. 

Subjects of first stage are Following:

1. Functional English
2. Introduction to information technology
3. Business Communication
4. Quantitative Methods Tecqniques

Its total duration to pass 4 subjects is 6 months. A normal or average student can can easily pass these 4 subjects in 6 months. 

Its papers are conducted after every 3 months ( 4 times in a year).

Certificate in Accounting and Finance ( CAF) : 

This is the second stage in the field of Chartered Accountancy. I t includes 9 subjects to move on to the next stage: 

Introduction to Accounting 

Introduction to Accounting 

Introduction to Economics And Finance.

Business Law

Business Management and Behavioral Studies.

Financial Accounting and Reporting 1

Principles of Taxation 

Financial Accounting and Reporting 2

Cost and Management Accouting

Audit and Assurance

For an average student, It takes 1.5 years to pass the 9 subjects. Students can easily pass 3 subjects in 6 months. Student can't move next till the 9 subjects have passed.  Its papers are conducted after each 6 months. 

After passing 9 subjects, Students will join Chartered Accountancy Firm for training for a period of 3.5 years. During this period, Students can sit in exams after 1.5 years and clear their papers of next stage.

What is the Benefit of Investing Many Years in CA:

This Profession Promises a secure Life. One gets a Job easily which secure financial status.

How Much can a Person Earn After Completion of CA:

These all are some common and important Questions always surrounds in a mind of a student. Because majority of students are in field of Chartered Accountancy because of its value and high pay.

So, Students in the field of chartered Accountancy do not have any need to worry about their salary. Their salary after  Qualifying will be more than their expectations. 

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If Anyone have any Question, Let me Know in the Comment Box.