Chartered Accountancy (CA-ICAP).
Those who could not succeed in getting admission for mbbs must consider this option before considering any other option of medical sciences program.
(I would like to add those who are considering about private admission in mbbs must also give a thought to this field because if you can afford 8 to 10 million fees in your studies then definitely you have financil potential to do your own business as well)
CA is a supreme professional certification in the accountancy field not only in Pakistan but all over the world. Those students who have some analytical skills can make their choice.
I’ll shortly brief about the study courses and career perspective of CA for your reference.
Level 1 AFC (4 subjects) – Computer based exams:
1. Functional English
2. Quantitative Methods Techniques
3. Intro to IT
4. Business Communication
Those students who have secured 75% marks in FSc English can get exemption in Functional English( they don’t give Functional English paper)
This level is quite easy for the students to pass. You may clear these in single attempt (6 months).
Level 2 CAF (9 papers) – Written Exams
1. Intro to accounting
2. Intro to economics
3. Business laws
(Mercantile law+ Company law)
4. Financial accounting and Reporting I (FAR-l)
5. Finnacial accounting and Reporting II ( FAR-ll)
6. Business Communication and Behaviourial Studies
8. Cost Accounting
This level is tougher than AFC and requires hardwork, consistency and patience. Normally, it took 1.5 years to 2 years to pass this level. Period may prolong for unsuccessful students.
After the completion of CAF level students do articleship in different firms whose duration is 3.5 years. Students also get stipend during articleship which is 14 to 15 thousand per month. Students complete their CFAP and MSA studies alongwith articleship.
Level 3 CFAP (6 papers) – Open book written exams
1. Business Management Studies
2. Advance accounting and Financial Reporting
3. Corporate laws
4. Advance Auditing
5.Business finance decisions
6. Advance Taxation
This level requires very much hard work to pass. Extraordinary commitment is required to pass
Level 4 MSA ( 2 papers)- open book written exams
1. Multi subject assessment 1
2. Multi subject assessment 2
This level is gaint level. However, smart preparation and hard work leads to success.