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Friday, 13 December 2013

Chartered Accountants | Chartered accountant: Job description | Chartered Accountants Careers | CA Accounting Courses


Careers as a Chartered Accountant (CA)

Overview:
Chartered Accountants provide advisory and management services to a variety of clients and businesses in the industrial, commercial and non profit sectors. They audit the accounts of these clients and businesses and can also be involved in specialist areas of financial advice such as tax. Chartered Accountants are also employed in commercial organisations, banks, and the private and public sectors. Only qualified Chartered Accountants are legally allowed to audit a company's financial statement. To become a Chartered Accountant you need to be motivated, possess analytical skills, numerical ability, a keen sense of what is going on in the world of business and finance, and personal qualities such as reliability and discretion. In CA, You will be required to study business and corporate finance, economics, auditing, taxation, management and information systems. Chartered Accountants are member of the Institute of Chartered Accountants Pakistan (ICAP). CA as field required minimum 6 years of study and include following courses;

Module – A
  • Functional English
  • Quantitative Methods
Module – B
  • Introduction to Financial Accounting
  • Mercantile Law
  • Introduction to Economics and Finance
Module - C
  • Financial Accounting 
  • Taxation
  • Business Communication and Behavioural Studies
Module - D
  • Company Law
  • Auditing
  • Cost Accounting 
  • Information Technology
Module - E
  • Information Technology Management/Audit and Control
  • Corporate Laws
  • Advanced Accounting and Financial Reporting
  • Business Management
Module – F
  • Management Accounting
  • Advanced Auditing
  • Business Finance Decisions
  • Advanced Taxation     

Study Route

:

Registered Accounting Educational Tutors (RAET’s):
The candidate who passes or obtains exemption from PPT would then seek admission in any of the ICAP Registered Accounting Education Tutors for a 2 years full-time study course.

Following RAETs offer modular foundation course;

Karachi and Hyderabad:
  • Anees Hussain School of Accounting and Management Sciences (AHSAMS). Karachi and Hyderabad
  • Dawn College of Accounting and Computer Science  
  • Al-Hamd Academy, Karachi and Hyderabad
  • School of Business Studies (SBS), Karachi
  • College of Accounting and Management Science, Karachi and Hyderabad
  • Tabani's School of Accountancy (TSA), Karachi
  • College of Business Professionals (CBP), Karachi
  • The Centre for Management Sciences, Karachi
  • Ed-Vision College of Management, Karachi
Faisalabad:
  • College of Commerce Professionals (CCP)
  • Professionals’ College of Accountancy (PCA)
Islamabad/ Rawalpindi:
  • Capital College of Finance and Accountancy (CCFA)-Rawalpindi
  • Imran College of Accountancy (ICA)- Rawalpindi
  • College of Financial and Management Sciences Islamabad
  • National College of Business and Management Sciences (NCBMS)-Islamabad
  • SKANS School of Accountancy, Islamabad
  • Islamabad college of Accounts and Finance (IsCAF),  Islamabad
Lahore, Sialkot and Multan:
  • The University of Lahore (UoL), Lahore
  • College of Accountancy and Professional Studies (CAPS), Lahore
  • Eastern College of Accountancy (ECA),Lahore
  • SKANS School of Accountancy, Lahore and Sialkot
  • Professionals’ Academy of Commerce (PAC),Lahore
  • Pioneer Finance College (PC), Multan
Peshawar:
  • Khyber College of Management Sciences (KCMS)
  • Professionals’ Academy of Commerce, Peshawar
Pre Entry Proficiency Test (PPT):
  Frequency March, June, September, December
  Centres Karachi, Hyderabad, Lahore, Islamabad,
Faisalabad, Multan, Sialkot, Peshawar and Quetta.
 Test Contents
English - Vocabulary
English - Grammar
Arithmetic
General Knowledge
Essay and/or Letter Writing

Eligibility for PPT:

  • Minimum 45% marks in HSC
  • Minimum two passes in A Levels
  • Graduates with 2nd Division or less
  • PIPFA Qualified; or
  • Other candidate with equivalent recognized by HEC
Exemption for PPT:
  • HSC candidates with minimum Grade B (60% )
  • A level candidates, minimum two passes in Grade C
  • Graduates with 1st Division (or equivalent grades) from recognized Universities
  • Post graduates with minimum 2nd Division (or equivalent grades) from recognized Universities payment of prescribed fee.
Such candidates will be required to obtain necessary exemptions from Directorate of Examinations at ICAP on prescribed form and on payment of prescribed fee.

Career Prospects:
  • Independent professional practice
  • Employment with a Chartered Accountants firm
  • Capital market services
  • Employment with national or multinational companies
CAs can work in following areas:
  • Financial Accounting: 
    Financial accounting deals with keeping financial records. The job involves: Interpreting accounts, Supervising, Controlling and organizing expenditure, Controlling and organizing income, Compiling daily, monthly and yearly accounts.
  • Auditing:
    CA’s work as an Internal auditor ,External audit , Tax auditors etc.
  • Cost Accounting:
    CA’s work in an area of Budgeting and budgetary control, Forecasting and Monitoring expenditure.
  • Tax management:
    CAs specialise as tax managers and assist in optimizing the firm's financial structure. They look at the tax implications of new plans and also advise on the tax effect on the company’s performance.
  • Consultancy: 
    CA’s give advice to companies regarding their financial matter.
  • CAs in the industry: 
    In the industry, CAs is generally found in the higher positions of the accounting department and in the finance division at all levels.


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