Introduction

  1. ICAP is a professional body of Chartered Accountants in Pakistan. The mission of ICAP is to achieve excellence in professional competence, add value to business and economy, safeguard public interest, ensure ethical practices and good corporate governance while recognizing the needs of globalization.
  2. To become a Chartered Accountant you must be comitted, motivated and possess analytical skills, numerical ability, as well as global awareness of business and finance and personal qualities such as reliablility and discretion.
  3. Chartered Accountancy is a rewarding career and there are excellence prospects for employment within Pakistan and abroad. ICAP has worldwide contribution, with thousands of students joining every year, this prestigious national body (ICAP) feeds an average 300 qualified young professionals of yearly basis to the local and international markets.

CA is offered at:

Islamabad Campus (Haroon Building, Opposite Utility Stores, F-8 Markaz, Islamabad)

Rawalpindi Campus (Raja Akram Road/Jaami Road, Rawalpindi)

Career Pathway

The entry stream to this course will be as follows:

Candidates who have HSSC with minimum 50% marks, ‘A’ Level with minimum two passes, or equivalent qualification and graduates with minimum 45% marks.

The current applicable routes to become a chartered accountant are:

Full Time Studies Scheme

  1. Candidates who have HSSC with minimum 50% marks, ‘A’ Levels with minimum two passes or equivalent qualification and graduates with minimum 45% marks. Students meet the above criteria can enter the first level (AFC) after registration.
  2. Before entering into the professional exam candidates pass or obtain exemption from entrance test; Assessment of fundamental Competencies (AFC). A candidate may be provisionally registered for AFC exams as fulltime student if result is awaited.
  3. On successful completion of CAF, it is mandatory for the students to join an authorized training organization of the Institute for a prescribed period.

Trainee Scheme

  1. The scheme is designed for university graduates who want to pursue CA qualification.
  2. Candidates who possess graduation or post-graduation degree with minimum 45% marks may directly register as a trainee after passing or obtaining exemption from AFC.
  3. Candidates also have an option to commence training before passing AFC, but their training will be terminated if they do not pass AFC within one and a half year of training or within the maximum available attempts whichever comes earlier.
  4. During the training the candidate qualifies for the following stages:
    • Certificate in Accounting and Finance (CAF)
    • Certified Finance and Accounting Professional (CFAP)
    • Multi Subject Assessments (MSA)
    • Financial Reporting Professional Competence; and
    • Audit professional competence.

ICAP REGISTRATION & Eligibility Criteria

Note: After admission in SKANS, Students must register with ICAP by fulfilling the following requirements.

  1. Student Registration
  2. Paper exemption (if applicable)
  3. Examination with ICAP
  4. ICAP Financial Assistance (Endowment Fund as date announced by ICAP)
  • After admission in SKANS, student must submit his/her ICAP registration form within one week, attached with the following documents.
  1. ICAP Fee voucher (Must be submitted in any branch of Faisal Bank Rs.13500/-).
  2. Matriculation Certificate Copy.
  3. Intermediate Certificate Copy.
  4. A-level result sheet (if applying on A-level basis).
  5. Graduation Degree Copy (if applying on Graduation basis)
  6. ID Card Copy or Form-B copy
  7. 3 Photographs with blue background 1 x 1.

Exemptions to New Students

  1. The exemptions on the basis of academic qualification are available to the following categories:
  2. Four year degree from Specified Degree Awarding Institute (SDAI).
  3. Four year degree from universities other than SDAI.
  4. Two years degree from any universities.
  5. HSSC or Equivalents.
  6. A Levels.

Stages

Available exemption and conditions applicable

Graduates

 

4 year (SDAI*)

4 year (non-SDAI*)

2 year (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 Syllabus matches at least 70% with the prescribed syllabus of relevant subject

CAF

Exemption from all subjects of CAF Minimum 75% marks or equivalent grades in relevant subjects Syllabus matches at least 70% with that of the prescribed syllabus of relevant subjects

Exemption from CAF-1 to 4 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 CAF-1 Introduction to accounting CAF-2 Introduction Economics and Finance Minimum 60% marks 75% marks or equivalent grades in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject.

Exemption from CAF-1 Introduction to accounting CAF-2 Introduction Economics and Finance Minimum 70% marks 75% marks or equivalent grades in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject.

Exemption from CAF-1 Introduction to accounting CAF-2 Introduction Economics and Finance Minimum two B grades B Grade in relevant subject Syllabus matches at least 70% with the prescribed syllabus of relevant subject.

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.

Exemptions for other Professional Qualification

ICAP offers following exemptions to the International and Local Accountancy Bodies.

Stages and Papers

ACCA

CIMA

CIMAP

PIPFA

Assessment of Fundamental Competencies (AFC)

AFC-1

Functional English

Y

Y

Y

Y

AFC-2

Business Communication

Y

Y

AFC-3

Quantitative Techniques

Y

Y

Y

Y

AFC-4

Introduction to Information Technology

Y

Y

Certificate in Accounting and Finance (CAF)

CAF-1

Introduction to Accounting

Y

Y

Y

Y

CAF-2

Introduction to Economics & Finance

Y

Y

Y

CAF-3

Business Law

Y

Y

CAF-4

Business Management & Behavioral Studies

Y

CAF-5

Financial Accounting and Reporting – I

Y

Y

Y

CAF-6

Principles of taxation

Y*

Y

CAF-7

Financial Accounting and Reporting – II

Y

Y

Y

CAF-8

Cost and Management Accounting

Y

Y

Y

CAF-9

Audit and Assurance

Y

The exemptin from CAF-6 ‘Principles of Taxation’ shall be granted to candidates who have passed F6 Taxation – Pakistan variant and exemption from ‘CAF-9 Audit and Assurance’ shall be granted to candidates who have passed P7 Advanced Auditing.

Papers to Attempt

Stages

Eligibility

Maximum number of paper permitted in one session

Minimum training period to be served

AFC

After registration

No limit

None

CAF

After passing or obtaining exemption from AFC

5 papers

None

CFAP

After passing or obtaining exemption from CAF

No limit

1.5 year

MSA-1

After passing the following CFAP papers:

Advanced Accounting and Financial Reporting

Corporate Laws

Advanced Taxation

N/A

1.5 year

MSA-2

After passing the following CFAP papers:

Advanced Accounting and Financial Reporting

Corporate Laws

Audit, Assurance and Related Services

N/A

1.5 year

Maximum number of Attempts

Stages

Maximum permitted attempts

Additional attempts

AFC

Three attempts per paper

None

CAF

Six attempts per paper

Two more attempts after using all permitted attempts per paper for those who have maximum two papers left.

CFAP

Six attempts per paper

Two more attempts after using all permitted attempts per paper for those who have maximum two papers left.

MSA

Unlimited

Not Applicable

Examination Session

Stages

Session

Month

AFC

Spring

March & June

Autumn

September & December

CAF

Six attempts per paper

Two more attempts after using all permitted attempts per paper for those who have maximum two papers left.

CFAP

Six attempts per paper

Two more attempts after using all permitted attempts per paper for those who have maximum two papers left.

MSA

Unlimited

Not Applicable

Examination Schedule

Form submission dates for students who have NOT appeared in the preceding session AFC stage examinations (w.e.f. Winter 2015)

Session

Tentative Examination Dates

Commencement date of forms submission

Last date for form submission

Expected Announcement date

 

without late fee

100% late fee

200% late fee

Provisional result

Result

AFC

Winter 2015

14-19 Dec, 2015

14 Sep 2015

12 Oct 2015

19 Oct 2015

26 Oct 2015

11 Jan 2016

1 Feb 2016

Spring 2016

14-19 Mar 2016

14 Dec 2015

11 Jan 2016

18 Jan 2016

25 Jan 2016

11 Apr 2016

17 May 2016

Summer 2016

13-18Jun2016

14 Mar 16

11 Apr 2016

18 Apr 2016

25 Apr 2016

11 Jul 2016

1 Aug 2016

Autumn 2016

12-17 Sep 2016

13 Jun 2016

11 Jul 2016

18 Jul 2016

25 Jul 2016

10 Oct 2016

15 Nov 2016

Winter 2016

12-17 Dec 2016

12 Sep 2016

10 Oct 2016

17 Oct 2016

24 Oct 2016

9 Jan 2017

30 Jan 2017

Spring 2017

13-18 Mar 2017

12 Dec 2016

9 Jan 2017

16 Jan 2017

23 Jan 2017

10 Apr 2017

16 May 2017

Summer 2017

12-17Jun 2017

13 Mar 2017

10 Apr 2017

17 Apr 2017

24 Apr 2017

10 Jul 2017

31 Jul 2017

CAF

Autumn 2015

07-12 Sep 2015

8 Jun 2015

6 Jul 2015

13 Jul 2015

22 Jul 2015

17 Nov 2015

Spring 2016

07-12 Mar 2016

14 Dec 2015

11 Jan 2016

18 Jan 2016

25 Jan 2016

17 May 2016

Autumn 2016

05-10 Sep 2016

13 Jun 2016

11 Jul 2016

18 Jul 2016

25 Jul 2016

15 Nov 2016

Spring 2017

06-11 Mar 2017

12 Dec 2016

9 Jan 2017

16 Jan 2017

23 Jan 2017

16 May 2017

All the dates are subject to change without prior notice

Form submission dates for students who have appeared in the preceding session AFC stage examinations (w.e.f. Winter 2015)

Session

Applicable to

Commencement date of forms submission

Last date for form submission

   
 

without late fee

100% late fee

200% late fee

   

Winter 2015

AFC

13 Oct 2015

22 Oct 2015

27 Oct 2015

30 Oct 2015

   

Spring 2016

AFC & CAF

12 Jan 2016

21 Jan 2016

26 Jan 2016

29 Jan 2016

   

Summer 2016

AFC

12 Apr 2016

21 Apr 2016

26 Apr 2016

29 Apr 2016

   

Autumn 2016

AFC & CAF

12 Jul 2016

21 Jun 2016

26 Jul 2016

29 Jul 2016

   

Winter 2016

AFC

11 Oct 2016

20 Oct 2016

25 Oct 2016

28 Oct 2016

   

Spring 2017

AFC & CAF

10 Jan 2017

19 Jan 2017

24 Jan 2017

27 Jan 2017

   

Summer 2017

AFC

11 Apr 2017

20 Apr 2017

25 Apr 2017

28 Apr 2017

   

All the dates are subject to change without prior notice

PCSC – Presentation and Communication Skills Courses

  1. SKANS is the first institute to be recognized as the Approved PCSC Provider (APP) by ICAP!
  2. PCSC – Presentation and Communication Skills Courses 1 & 2 have been made mandatory by ICAP for CA candidates, with effect from May 5, 2015 and these courses can only be delivered by an Approved PCSC Provider. Being certified as an APP, is a clear reflection of the quality standards met by SKANS for these training programmes.
  3. SKANS has exceeded its commitment of providing competent professional accountants, who are not only technically sound but also in possession of professional attitude; trained and groomed in qualities that employers expect from managers of tomorrow.
  4. Our trainers are dedicated professionals who provide guidelines that help in developing an adaptable personality that proves to be a competitive edge for the participants, in the practical world.
  5. The Presentation and Communication Skills Courses offered by SKANS will cover areas ranging from CV writing, interviewing, presentation and public speaking skills to maintaining a professional attitude and managing conflict, through a hands-on training approach.

Further details are:

Presentation and Communication Skills Course 1

Learning outcomes:

  1. Develop yourself intellectually by dealing effectively with feedback
  2. Develop your interpersonal skills by mastering the art of business communication
  3. Develop your written communication skills in terms of report writing etc. taking into account the latest guidelines
  4. Develop the required professionally skeptic attitude and learn how to think outside-the-box to deal with difficult work situations and ethical dilemmas.
  5. Get the latest guidelines on the do’s and dont’s of the job market

Relevance:

  1. Candidates who have started their training contract before January 1, 2016 with an approved employer are required to complete this course along-side their practical training
  2. Candidates who will start their training contract on or after January 1, 2016, are required to complete this course before starting the practical training.
  3. Candidates who had started their training on or after January 1, 2015 are required to complete this course along-side their practical training but before attempting any CFAP (previously Module E) exams.

Presentation and Communication Skills Course 2

Learning outcomes:

In addition to the objectives of PCSC 1

  1. Develop your reasoning, critical analysis, innovative thinking and provide solutions to the practical problems
  2. Develop your leadership skills of consultation and negotiation to influence positively the people you will work with
  3. Refresh your ethical guidelines to deal with real work-place issues
  4. Learn to adapt your attitude according to the different corporate cultures you come across.
  5. Learn to overcome challenges using a creative and innovative approach

Relevance:

  1. Candidates who have started their training contract on or after January 1, 2015 or will start their training on or after January 1, 2016 have to undergo this course along-side their training and before attempting MSA (previously Module F) exams.
  2. Candidates who had not completed their training by December 31, 2014 have to undergo this course along-side their training and before June 30, 2016.

ICAP Fee Structure

  • CA Reg. Fee Rs. 9700/- PPT Exemption Rs. 3100/-

ICAP Regional Office

Mauve Area G-10/4 Isd

051-111-000-422(Saturday,Sunday Off)

ICAP ENDOWMENT FUND

  • ICAP offers financial assistance in the form of interest free educational loan to its students who have a sound academic record and find it difficult to afford educational expenses. Students who are desirous of availing the facility may apply on a prescribed application to the chairman loan award committee of ICAP.
  • A Student must submit his/her ICAP financial assistance application form on and before the dates announced by ICAP Expected Dates in Months: May and December
  • Note: All requirements are given on ICAP Financial Assistance form (It can be downloaded form the ICAP official website www.icap.org.pk)