Chartered Accountancy(CA)-Eligibility,Fee,Course ICAP Admission

 Chartered Accountancy(CA)

Chartered accountancy(CA) is one of the most common professions. It's a daunting field to get into, but if you do, you'll be rewarded with a lucrative career path, a high salary, and widespread acclaim. People value chartered accountants for a variety of reasons, including the fact that being one is not easy. Credit reporting, audit, accounting, and administrative and general administration are all areas of industry and finance where Chartered Accountancy is a lucrative profession. The majority of Chartered Accountants work in the public and private sectors. They've already had a lot of business growth. Accountancy, auditing, accounting, business legislation, corporate finance, economics, management, and computer technology are among the subjects that must be studied.

 Chartered Accountancy(CA)-Eligibility,Fee,Course

 

The road to becoming a chartered accountant, or CA, is difficult, and it is easily one of, if not the, most difficult professions.

We want to keep our career guides as true and truthful as possible, so we had to start with the harshest realities of this field.

Let's get started with this career guide if you consider yourself to be determined and devoted.

CA (Chartered Accountancy) in Pakistan

Chartered Accountancy (CA) is a prestigious accounting degree. ICAP, Pakistan, is in charge of CA. ICAP's headquarters are in Karachi. In Lahore, Multan, Islamabad, Quetta, Multan, and Hyderabad, ICAP has regional offices. CA has a promising future. Working in accounting divisions, audit firms, banks, income and taxation setups, commercial organizations, and local and foreign corporations is a rewarding profession. CA's importance is rising by the day, thanks to an increase in entrepreneurship around the world.

CA Eligibility Criteria

There are two ways to get into CA.

To obtain a CA degree, students must complete four sections of CA as well as three years of training. In order to obtain a CA degree, students must follow a different programme direction in each scheme.

                                                                              

Scheme that is full-time

Intermediate stage of education with at least two passes (HSSC — 12 years of education)

The first two sections of the CA programme will be completed by these students. They'll finish their three-year training after that. Then they finish the final two sections of the CA programme to receive their CA degree.

Trainee Scheme

Masters (or Graduation) with at least 2nd Division • or ACCA, CIMA or ICMAP degree • CA Program: These students will first complete their 3 years training. After that, they start CA. and complete the four parts of CA to get CA degree.

 

CA Course

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

membership in the Institute after meeting the above requirements and completing the practical training prerequisite.

                                                                     

What is the role of a chartered accountant?

Chartered accountants are experts who work in a variety of industries, overseeing an entity's budgets, offering accounting counsel, and assisting in money management. This may be for a company, an employee, or the government.

Why do you choose a career as a chartered accountant?

The simple explanation for pursuing a career in chartered accounting is that it is a well-paying and stable sector. Money is the lifeblood of the world, and any corporation requires someone to handle their accounts, assist in tax reporting, and conduct audits.

The possibilities for employment as a chartered accountant are limitless. Any business, regardless of industry, requires financial accounting, and chartered accountants are the answer.

Chartered Accountancy's Function

You will serve as a chartered accountant in the following fields:

Companies and markets

Firms of chartered accountants

Consultancy businesses

Organizations

Services for the capital markets

Institutions in finance

Practice on your own

In the industries listed above, chartered accountants are still in high demand. You may work with a company or an organization, assisting in accounting, finance, taxes, and auditing. You can still operate on your own and provide your services to anybody who needs them.

Another source of work is financial institutions, which are still on the lookout for qualified chartered accountants. Another way to put your accounting skills to use is to work for a consulting firm. Chartered accountants are assigned to customers by consulting companies to assist them with their short and long-term financial targets.