Mhs Khan Gopang

**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)**