03/12/2021
**Details Guidelines about CA;**
**As per Current scheme, to Qualify CA u have to Pass 4 Levels (along with 3.5 years of article)**
**1) PRC ( 5 Papers)**
**2) >Time limit: 1 year for 3 papers ...3 months for remaining 2 papers..**
**2)CAF **
**> 8 papers**
**>Time limit: 4 years for 6 papers.. Additional 1 year for 2 papers**
**3)CFAP**
**>6 papers**
**>Time limit: 10 years for 4 papers.. Unlimited time for remaining 2 papers..**
**4)MSA**
**>2 papers**
**>Time limit: Unlimited**
**Eligibility Criteria: **
**Students having 60% marks in Intermediate are eligible for 1st level, i.e. PRC**
**Or having 2 pass in A level.. Students below 60% will have to appear in QAT exams(held quarterly)...**
**First Level: **
**PRC has 5 papers, all are CBE (computer based). PRC examinations are held each month(applicable from mar 22)**
**I'll suggest you to visit each college and get an idea about fee.**
**Join the college having lowest Fee. (Please Note that almost all Colleges have equally Competent faculty).**
**Admission Deadline:**
**Admissions in CA are always open. **
**2nd Level- CAF**
**After Passing PRC, you are eligible for CAF Level. It has 8 papers, all manual and held on semi annual basis in the ist week of March and September. **
**These 8 Papers can be cleared in 1.5 years. (However Normally students take 2-2.5 years to qualify CAF).**
**After Qualifying CAF, you are eligible for CA Articleship, which is of 3.5 years from the date of registration as CA Trainee. For Ist 1 years you are not eligible to Attempt any Paper of CFAP (3rd Level)**
**After 1 years of registration as CA Trainee, you can appear in CFAP exams ..**
**Expenses:**
**✓ICAP one time Registration fee approximately 18k**
**✓ ICAP Exams fee **
**Approximately 4k per Paper**
**✓ ICAP annual subscription fee 2k ( once in a year)**
**Tution Fee:**
**Every Institute has it's own policy for fee.**
**An Average 13-18k Per Paper.**
**Answers to Student's most favorite questions.**
**Q.1) Is CA difficult?**
**A: Not too much. You can't achieve anything in life without work/efforts.**
**You know, even in FA (simplest degree in Pakistan) almost 30-40% students fail every year.**
**In CA an average 30-40% students pass their exams (till CAF).**
**In CA you just need dedication, consistency, positive approach of study and have a mind set to work with Plan. (An idiot with plan can beat a genius without Plan).**
**Q.2) What are the Job Opportunities after CA?**
**A lot of job opportunities in private as well as in Govt Sector are available for CAs.**
**The only profession in Pakistan having 100% job opportunities.**
**(This is just reward of hurdle/efforts you have faced/done during student life).**
**Q.3) How much time required to complete CA.**
**It's normally depends upon students. (Circumstances as well in fewer cases).**
**Minimum Time: 5.5 years**
**Average Time: 6-8 years**
**Maximum: No Limit (subject to certain condition).**
**Q.4) What difficulties we have to face in CA?**
**You have to face a lot of difficulties during your CA Journey.**
**وقتاً فوقتاً آپ کے جزبات سے مختلف طریقوں سے کھیلا جائے گا مگر سب سے پہلے"آپ نے گھبرانا نہیں ھے"**
**But remember**
**"Before the reward there must be labor. You plant before you harvest. You sow in tears before you reap joy"۔**
**Q.5) Can CA work outside Pakistan?**
**Yes, CA Pakistan is a globally recognized Qualification and CAs can work any where in the world.**
**Q.6) Is CA all about Math?**
**No, it's just a myth.**
**There's only on Paper of basic math and stats.**
**Q 7) Can Fsc Pre Medical students do CA?**
**Yes, your previous knowledge might not be helpful in CA (other than English).**
**Everything will be new for all students (except 1 paper of Math/stats.**
**Q.8) One advice for new students?**
**Stay motivated and Focused on your Goal.**
**And the Most Important stay away from "demotivators/losers".**
**Q.9) What are the subjects taught in CA?**
**>Accounting and Financial Reporting**
**>Audit and assurance**
**>Business and company laws**
**>Taxation**
**>Business Management and Strategies**
**>Business Decisions**
**>Economics**
**>Maths (12th class level)**
