Fee Structure
The Chartered Accountancy Programme focuses on building a strong foundation in strategic-decision making and accounting advisory services. The program will provide broad knowledge in topics of business, economics, auditing, taxation, management, and information systems. On successful completion of the program, the students will possess strong analytical and communication abilities to succeed in the business environment. As a Chartered Accountant, the students will have to be able to provide accounting, audit, tax, advisory, and management services to business organizations. They will have the opportunity to work in multinational corporations, oil refineries, banks or even start their accountancy firm. A Chartered Accountant is not only in high demand in Pakistan but also globally.
CA is a five-year program consisting of four levels and a training program:
After the successful completion of PRC and CAF, it is mandatory for students to join an authorized training organization for a period of three and a half years. The training will include specific learning for each field of specialization in accountancy through practical experience. After one and half year completion of their training, the students will also be required to give their CFAP exams. Once the relevant CFAP exams are cleared, the students will be eligible to give their MSA papers. Moreover, as part of the CA program focus is also given to improve the students speaking and presentation skills. For this it is compulsory for the students to take the presentation and communication skills course.
ICAP PRC (Pre-Requisite Competencies) is the foundation level of Chartered Accountancy in Pakistan. This level requires understanding and awareness of accounting, business, and economic concepts. Below you will find subject details along with downloadable ICAP PRC study texts and question banks in PDF format.
| Subject Code | Subject | Subject Type |
|---|---|---|
| PRC-1 | Fundamentals of Accounting | Theory |
| PRC-2 | Quantitative Analysis for Business | Numerical |
| PRC-3 | Business and Economic Insights | Theory |
The competency for this level requires good understanding and detailed evaluation of the subject matter and related concepts, along with the ability to apply concepts and skills in simple professional scenario. The person will be expected to have ability to provide reasonable justification and logical explanation to support their professional judgment and decision making.
| Subject Code | Subject | Subject Type |
|---|---|---|
| CAF-1 | Financial Accounting & Reporting | Numerical |
| CAF-2 | Taxation Principles and Compliance | Numerical & Theory |
| CAF-3 | Data, Systems and Risks | Numerical |
| CAF-4 | Business Law Dynamics | Theory |
| Subject Code | Subject | Subject Type |
|---|---|---|
| CAF-5 | Management Accounting | Numerical |
| CAF-6 | Corporate Reporting | Numerical & Theory |
| CAF-7 | Business Insights and Analysis | Theory |
| CAF-8 | Audit and Assurance Essentials | Theory |
The competency for this level requires an in-depth understanding of the subject matter and related concepts. The person will be expected to have the ability to critically examine and evaluate all concepts and available information to make firm professional judgments and make decisions. Certified Finance and Accounting Professional (CFAP)
| Subject Code | Subject | Subject Type |
|---|---|---|
| CFAP-1 | Advanced Corporate Reporting | Numerical |
| CFAP-2 | Corporate Laws and Governance | Theory |
| CFAP-3 | Sustainability Reporting and Assurance | Theory |
| CFAP-4 | Strategic Business Finance | Numerical |
| CFAP-5 | Taxation Practice and Planning | Numerical & Theory |
| CFAP-6 | Audit, Assurance and Data | Theory |
| Subject Code | Subject | Subject Type |
|---|---|---|
| STS | STRATEGIC CASE STUDY | Case Studies |
Through this course, HM RANA INTERNATIONAL aims to equip its students with the skills and knowledge to successfully conduct presentations and help students speak eloquently
| Subject Code | Subject |
|---|---|
| PPE | Presentation and Personal Effectiveness |
| MS Office | MS Office |
| Data Management & Analytics | Data Management & Analytics |
Presently, the Institute only authorizes the practicing firms of chartered accountants to offer practical training.
The period of training varies with the academic education background of a trainee.
The following table provides the information about the length of the training.
| Sr. | Qualification on the Commencement of Training | Period of Training |
|---|---|---|
| 1 | Candidates who have passed or obtained exemption from CAF | 3.5 years |
| 2 | Four year Graduate/Post Graduate from universities approved by the Education and Training Committee of the Institute | 3 years |
| 3 | Graduates/post graduates other than those mentioned at (ii) above | 4 years |
| Stage | Session | Month |
|---|---|---|
| PRC | Every Month | |
| CAF | Spring | March |
| Autumn | September | |
| CFAP | Summer | June |
| Winter | December | |
| MSA | Summer | June |
| Winter | December |
Here is the ICAP Exam Schedule
