ACA (CA)

Institute of Chartered Accountants of Pakistan (ICAP)

Chartered Accountancy from ICAP

The membership of Institute of Chartered Accountants of Pakistan (ICAP) is a meant to be a prestigious and rewarding career. The letters ‘ACA’ stand as Signature Qualification that empowers to lead. Opportunities for ICAP chartered accountants are not limited to just accounting but are spread over the fields of business and finance including financial reporting, audit, taxation, financial and general management.

CA at CAMS

CAMS is the first college in Karachi to offer fulltime CA Foundation classes in affiliation with ICAP in 1994. CAMS CA alumni is working at senior positions around the globe in national and multinational corporations. Some of them are extremely successful entrepreneurs and some are engaged with public practice and private sectors as well.

Schemes of Entry / Eligibility

The Institute provides entry to students from diverse disciplines i.e. Commerce, Science or Arts and from various educational levels such as Higher Secondary School Certificate / A Levels, Graduation and Post-Graduation.

There are two schemes of entry:

  • Full Time Studies Scheme
  • Trainee Scheme

Fulltime Study Scheme is for those students who have completed Intermediate (HSSC), A’ Levels or equivalent qualifications. The minimum requirement for this entry route is:

  • HSSC – minimum 50% marks
  • A, Levels – minimum 2 passes

Trainee Scheme is designed for the undergraduate and post-graduate degree holders. 2-years or 4-years degree holders from ‘Specified Degree Awarding Institutes – (SDAI)’ are exempted from all 4 papers of Assessment of Fundamental Competencies (AFC). Whereas, degree holders from ‘Non Specified Institutes’ can claim exemptions from all or some AFC papers depending on their courses and grades.

Students entering in to the profession through Trainee Scheme have the options of joining CA firms for the required training and simultaneously study for their AFC and CAF papers.

  • The minimum entry requirement is 45% marks in respective degree

Further clarification of entry routs to quality as a Chartered Accountant is as follows.



Courses

The CA scheme is transformed to 4 tiers. Completion of each level will not only allow a students to have a standalone certification but they will also be able to play a support or operational role in any organization.

Assessment of Fundamental Competencies (AFC)

  • Functional English (AFC-1)
  • Business Communication (AFC-2)
  • Quantitative Methods (AFC-3)
  • Introduction to Information Technology (AFC-4)

Certificate in Accounting and Finance (CAF)

  • Introduction to Accounting (CAF-1)
  • Introduction to Economics and Finance(CAF-2)
  • Business Law (CAF-3)
  • Business Management and Behavioral Studies (CAF-4)
  • Financial Accounting and Reporting 1 (CAF-5)
  • Principal of Taxation (CAF-6)
  • Financial Accounting and Reporting 2 (CAF-7)
  • Cost and Management Accounting (CAF-8)
  • Audit and Assurance (CAF-9)

Presentation and Communication Skill Course – I
Presentation and Communication Skill Course – II

Certifified Finance and Accounting Professional (CFAP)

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

Multi Subject Assessment (MSA)

  • Financial Reporting Professional Competence (MSA-1)
  • Audit Professional Competence (MSA-2)

Exemptions

Bachelor’s degree holders are exempted from some or all papers of AFC and CAF levels. Students who pass their HSSC and A ’Level exam with good percentage/grades may claim exemptions from all or some of AFC papers on the basis of their grades in relevant papers for which they are seeking exemptions.

Stages Available exemption and conditions applicable
4 years Graduates from SDAI
4 years Graduates from non – SDAI
2 years Graduates from non – SDAI
HSSC
A – Levels
AFC Exemption from all papers of AFC

Without any other condition

Exemption from all papers of AFC

Minimum 65% marks in aggregate

80% marks or equivalent grades in
relevant subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject
Exemption from all papers of AFC

Minimum 60% marks in aggregate

75% marks or equivalent grades in relevant subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject
Exemption from all papers of AFC

Minimum 70% marks in aggregate

75% marks or equivalent grades in relevant subject

Syllabus matches at least 70% with the prescribed syllabus of relevant subject
Exemption from all papers of AFC

Minimum two
B grades

B grade in relevant subject

Note: SDAIs are degree awarding institutes recognized by the Institute on the basis of a pre-defined criteria and evaluation by the Institute. The degree courses of SDAIs are designed in close coordination with the Institute.

Scholarship / Financial Assistance

We offer merit/need based scholarships and financial assistance to students meeting the specified criteria.

  • 10% – 25% Scholarship to students with 2A+B in AS Level or 70% marks in 1st year of HSSC
  • Financial assistance is offered purely on need basis after interview of parents and student

Contact Detail

Clifton Campus: Dhoraji Campus:
Mr. Hussain Umar

F-38, Block 8 (behind ICAP),

Clifton, Karachi.

Pakistan.

Tel: (9221) 35876074/5, 35834435

Mr. Mohsin

C-50, CP Berar CHS, Amir Khusro Road,

Near Tahir Medical Centre, Karachi.

Pakistan.

Tel: (9221) 34194027 & 29