Want to pursue chartered accountancy but have no clue? Then, you are not alone!
Pursuing chartered accountancy is one of the most beneficial and widely renowned career options in Pakistan. However, students often lack clarity about the ways to start.
Here is a comprehensive take to explain all that is applicable for most students of Advanced levels and Intermediate.
- After intermediate/A levels
- Full-time scheme
- Students have to pass AFC (4 computer-based exams) and CAF (paper-based exam)
- Register with an authorized firm or organization for training and pass the last two stages; MSA and CFAP.
Inter students: English and Economics for students from commerce background who meet the minimum marks criteria.
A level: English (if GP exam was given), Math (if further maths exam was given), Economics and Introduction to Accounting. Exemptions are eligible if the candidate had given relevant exams and scored at least a B grade.
- After graduation or masters
- Direct training can be started and all the papers can be attempted simultaneously
- ACCA students also get exemptions
*Exemption policy is continuously revised. It is advisable to contact them directly (Karachi office at Teen Talwar) or drop an email at www.icap.org.pk.
If you are applying after A levels, you need to have a minimum of C grade in at least 5 subjects in O levels and 3 in A levels.
If you are applying after Intermediate you need to have a minimum percentage of 50%.
For students applying after graduation, IoBM, IBA, and some other universities have signed MOU with ACCA. Students are eligible for course-to-course basis exemptions and also enjoy fee waivers sometimes, which substantially reduce the cost too. Papers eligible for exemptions are from the F series, including F1, F2, etc. P series still has to be given.
Students can not directly apply after matric or O level and will have to either enroll for CAT or a foundations diploma first (latter is for students of Pakistan and Bangladesh only.)
You can get the local office sales staff to contact you through their website.
Also, an exemption calculator is available on the website.
Written by: Mahwish Bhatti (Panel Expert)