Pakistan Institute of Public Finance Accountants (PIPFA) | PIPFA | PIPFA Admissions | PIPFA Notes | PIPFA Career Plan & Syllabus

Pakistan Institute of Public Finance Accountants (PIPFA) Overview: Pakistan Institute of Public Finance Accountants (PIPFA) was established in October 1993 jointly by Institute of Chartered Accountants of Pakistan (ICAP), Institute of Cost and Management Accountants of Pakistan (ICMAP) and Department of Auditor General of Pakistan (AGP) to provide accounting education and develop accounting professionals both for the corporate and public sectors. PIPFA is also the associate member of International Federation of Accountant (IFAC). Membership: Associate Public Accountant - APA: Associate membership Known as Associate Public Accountant is granted on qualifying all the examinations of PIPFA and acquired two years relevant experience before, during or after passing the examinations of PIPFA or on any of the following qualification; ICAP: Membership of ICAP /Fully qualified / PE-I or PE-2/Group I or II of old C.A. Final ICMA: Membership of ICMA /Fully qualified/ Professional III / Upto part IV of old syllabus Government: Officers of Department of Auditor General of Pakistan (belonging to Audit and Accounts Service) who have passed FPO Examination of Federal Public Service Commission (FPSC) or Qualified SAS Examination of Department of Auditor General of Pakistan or equivalent exams. Fellow Public Accountant - FPA: At least five years standing as an APA or, Fellow membership of ICAP or ICMAP. Exemption for PIPFA Professional: ICAP : (Exemption upon successful completion of examination of PIPAF corporate sector stream) Pre-entry Proficiency Test Modules A:  Functional English, Quantitative Methods, Introduction to Economics and Finance Module B:  Introduction to Financial Accounting, Mercantile Law, Introduction to IT(with the exception of computer Training Course and its 30 marks test). ICMAP: (Entry test on qualifying PIPFA's Up to Intermediate Stage) Foundation- I: Principles of Accounting, Computer Systems and Applications, Business English, Economics and Business Environment Foundation - II:  Financial Accounting, Information Technology, Industrial and Commercial Laws CIMA,UK (Chartered Institute of Management Accountants) (Exemption for PIPFA Members) Foundation: Financial Accounting Fundamentals, Business Mathematics, Management Accounting Fundamentals Intermediate: Financial Accounting ICSP (Institute of Corporate Secretaries of Pakistan) (Exemption to PIPFA Qualified) Part-I : Economics, Introduction to Accounting Part-II: Business Mathematics and Statistics, Commercial Laws ICSandM (Institute of Chartered Secretaries and Managers) Part-I : Business Economics, Business Statistics, Business Law Part-II: Business Communication, Financial Accounting, Managerial Accounting Part-III: Company Law I Part-IV: Taxation Laws Course of Study: The education programme of the Corporate Sector Stream is divided into three stages with following 13 subjects; Foundation Stage: Business Communication and Behavioural Studies Financial Accounting I Mercantile Law and Economics Business Mathematics and Statistics Intermediate Stage Financial Accounting II Cost Accounting Auditing Company Law and Taxation Information Technology Final Stage Advanced Financial Accounting Cost and Management Accounting Corporate Laws and Practices Advanced Taxation. Each stage of the programme requires minimum period of about six months. Examinations are held twice a year, normally in May and November. Exemption:  Exemption are Available to Part ICAP/ ICMA/ACCA and graduate in commerce, business administration and other discipline with related subjects. CAT/ LLB/ IT Diploma qualification from institute of chartered/corporate secretaries, Tax management and other relevant qualification. Coaching Centres: Before attempting any examination of PIPFA, it is obligatory for a candidate to attend at least once the coaching classes in the relevant subjects at PIPFA's Own Supervised Centre or with any of the PIPFA Approved Coaching Centres. The coaching arrangement helps students acquire adequate knowledge of the subject and also prepare better for the examination. The coaching classes are conducted usually from January to April corresponding Summer Examination in May and from July to October corresponding Winter Examination in November. Attendance of 75% is desirable in coaching classes. Coaching facilities are at present available at Karachi, Lahore, Islamabad, Faisalabad and other places. The faculty comprises well-qualified teachers having practical knowledge of the field and also the teaching expertise. PIPFA supervised classes are conducted at Karachi and Lahore at the following places: Karachi Institute of Chartered Accountants of Pakistan, Head Office Building, Chartered Accountants Avenue, Near Teen Talwar, Clifton, Karachi. Lahore PIPFA's Lahore Office Premises, 42-Civic Centre, Barkat Market, New Garden Town Faisalabad Room#2, 2nd Floor, Kuwait Plaza, Soosan Road, Madina Town, Faisalabad The approved coaching centres are only concerned with providing coaching facility, rest of the matters e.g. registration, exemption, examination etc pertain to PIPFA.PIPFA maintains panel of approved coaching centres on financial year basis. List of approved coaching centres located in various cities are eligible to conduct compulsory caching classes during 2006-07can be obtain by logging on to: http://www.pipfa.org.pk/approvededu.asp Examination: The examinations are held twice a year in summer and winter usually during say and November. The tentative dates for submission of Examination forms are: 15 Feb- 15 March for Summer Examination. 15 August- 15 Sept. for Winter Examination Examinations of Foundation and Intermediate stages can be passed on paper to paper basis. But the Final Sage examination is to be passed as a group with the following exception: A candidate who secures 'A Grade' in any subject of Final Stage is allowed permanent pass in only that subject A candidate who is successful in all papers of Final Stage except in one paper may be referred and allowed to take at the two immediately succeeding examinations that paper or a section of the paper again instead of reappearing in all the papers. A candidate who has failed to pass or has not attempted any paper or papers of any stage may offer him again for that paper or papers on any subsequent occasion in such manner and within such period as may be prescribed by PIPFA from time to time. Detail information of PIPFA can be obtained by logging on to http://www.pipfa.org.pk  Go to Back / Go to Next / Go to Main