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The Institute of Chartered Accountant of Pakistan

The Institute of Chartered Accountant of Pakistan. Education Scheme 2013. Conceptual Background. Knowledge and comprehension. Support role. Application and Analysis. Operational role. Professional judgment, forming opinion and decision making. Leadership role as Chartered Accountant.

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The Institute of Chartered Accountant of Pakistan

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  1. The Institute of Chartered Accountant of Pakistan Education Scheme 2013 GCA Official www.gcaofficial.org

  2. Conceptual Background Knowledge and comprehension Support role Application and Analysis Operational role Professional judgment, forming opinion and decision making Leadership role as Chartered Accountant GCA Official www.gcaofficial.org

  3. Revised Qualification Structure T r a i n i n g GCA Official www.gcaofficial.org

  4. Revised Qualification Structure Assessment of Fundamental Competencies (AFC) Functional English Business Communication Quantitative Methods Introduction to Information Technology Foundation/screening for a career as CA GCA Official www.gcaofficial.org

  5. Revised Qualification Structure Introduction to Accounting Introduction to Economics & Finance Business Law Business Management & Behavioral Studies Financial Accounting & Reporting I Principles of Taxation Financial Accounting & Reporting II Cost & Management Accounting Audit & Assurance Knowledge and Comprehension Support Role Certified in Accounting and Finance GCA Official www.gcaofficial.org

  6. Revised Qualification Structure Advanced Accounting & Financial Reporting Business Finance Decision Corporate Law Advanced Taxation Business Management & Strategy Audit Assurance & Related Services Application and Analysis Operational Role Certified Finance and Accounting Professional GCA Official www.gcaofficial.org

  7. Revised Qualification Structure Formation of Professional Opinion, Advisory and Decision Making Leadership role Chartered Accountant GCA Official www.gcaofficial.org

  8. Qualification Streams GCA Official www.gcaofficial.org

  9. Full Time Student GCA Official www.gcaofficial.org

  10. Trainee Student GCA Official www.gcaofficial.org

  11. Exemptions 4 year Graduates from SDAI 4 year Graduates from non-SDAI CAF AFC AFC CAF GCA Official www.gcaofficial.org

  12. Exemptions 2 year Graduates HSSC A Levels AFC AFC AFC GCA Official www.gcaofficial.org

  13. Professionals Exemptions Exemptions to following accountancy bodies are available subject to conditions stipulated in the scheme: • ACCA • CIMA • ICMAP • PIPFA • Other professional qualifications on case to case basis GCA Official www.gcaofficial.org

  14. Education Delivery • RAET option • Specialized in ICAP exams • Full involvement of ICAP in ensuring best tuition facility provided by RAETs. • RAETs would be ranked according to their performance judged on pre-defined criteria/KPIs. • SDAI option • ICAP has so far approved IBA and LUMS and following a cautious approach in approving universities. • Self study option • Exam-aligned study support material would be available, but not a recommended mode of study in view of limited attempts. GCA Official www.gcaofficial.org

  15. Practical Training • The existing Training Regulation and Guidelines would remain effective GCA Official www.gcaofficial.org

  16. Transition Students of Modules A to D would be transferred to new scheme from Autumn 2014 Students of Modules E and F would be gradually transferred to new scheme The transition would commence from Summer 2017 And would fully completed by Winter 2019 GCA Official www.gcaofficial.org

  17. Equivalencies • There shall be no equivalency for Multi-subject Assessment (MSA) • Equivalencies for CFAP stage would be given according to the transition scheme • Equivalencies for AFC and CAF stages shall be given at the commencement of the Education Scheme 2013 GCA Official www.gcaofficial.org

  18. Equivalencies (AFC) Functional English Functional English (Module A) Business Communication Business Communication and Behavioural Studies (Module C) Quantitative Methods Quantitative Methods (Module A) Introduction to Information Technology Information Technology (Module D) GCA Official www.gcaofficial.org

  19. Equivalencies (CAF) Introduction to Accounting Introduction to Financial Accounting (Module B) Introduction to Economics and Finance Introduction to Economics and Finance (Module B) Business Law (Mercantile law section) Business Law (Company law section) Mercantile law (Module B) Company law (Module D) Business Management and behavioural studies Business Communication and behavioural studies (Module C) GCA Official www.gcaofficial.org

  20. Equivalencies (CAF) Financial Accounting & reporting I Introduction to Financial Accounting (Module B) Taxation (Module C) Principles of Taxation Financial Accounting & reporting II Financial Accounting (Module C) Cost and Management Accounting Cost Accounting (Module D) Audit and assurance Auditing (Module D) GCA Official www.gcaofficial.org

  21. RAET System Increased engagement between ICAP and RAETs • Performance based ranking system • Fellow • Affiliate GCA Official www.gcaofficial.org

  22. Performance based ranking system • Key Performance areas • Focus of RAET on CA qualification or exclusive resources for CA stream • Maintenance of infrastructure and facilities • Promotion of CA profession • Engaging good quality faculty • Providing good teaching environment • Performance of students in CA examinations • Level of coordination with ICAP • Self assessment by RAETs – Assurance report by an independent QCR rated firm • Ranking • Fellow • Affiliate GCA Official www.gcaofficial.org

  23. Increased engagement between ICAP and RAETs • With Fellows • Prominent exposure on website, in the events and front offices • Mention of Fellow RAETs in advertisements and exhibitions • Closer relationship and feedback facility in respect of examinations and results including sharing of actual performance of failures of respective RAETs • Consultation on policies regarding education, delivery of education and examinations • Participation in annual coordination meeting • Priority in train the trainers program • With affiliates • Moderate level exposure on website, in the events and front offices • Closer relationship and feedback facility in respect of examinations and results including sharing of actual performance of failures of respective RAETs • Participation in annual coordination meeting GCA Official www.gcaofficial.org

  24. Thank You!! GCA Official www.gcaofficial.org

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