Job Introduction or What They Do?

Chartered Accountancy is one of the most popular fields of study in Pakistan. Not only is it popular, but it has many monetary benefits for those who are able to clear the chartered accountancy examinations. It is the highest degree for an accountant, which allows him to gain recognition both nationally and internationally.

Job as a Chartered Accountant is the most prestigious one in the country and is valued highly in all facets of different industries. Chartered Accountants offer their services to multiple large and small firms which have the task of providing consultative and management services. They basically provide auditing services to firms in the industrial and nonprofit sector and give valuable financial advice in terms of taxation.

How to Steps:

Chartered accountancy in Pakistan is considered to be the most difficult field for any individual to enter. It requires years of hard work and at many times failure, after which a person could successfully obtain a Chartered Accountant’s degree. There are various phases through which one has to go through in order to become a Chartered Accountant in Pakistan.

1. Firstly it is essential that individuals understand what is in store for them if they plan on pursuing a degree in Chartered Accountancy. Getting into a Chartered Accountancy Institution may be as easy as pie but the process through which one has to go through while pursuing this degree is as difficult. In this regard the responsibility lies on the shoulders of individuals to study extensively about this degree. No doubt the field of Chartered Accountancy is a lucrative one, at the same time it can be detrimental for many as they may fail to succeed in it. Individuals should seek advice from those who have studied Chartered Accountancy as they are the ones who know best about the entire process. Other than that they should do some research on the course structure and job opportunities for Chartered Accountants online as the internet these days serves as the most effective source of information.

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2. Once the individual has made up his mind to enter this field, he needs to choose between the two options available, the module scheme or the training scheme. According to the module scheme a person who has 45% in intermediate examinations is required to appear for a pre proficiency test and after passing it he has to start studying privately. He has to pass Modules A-D and then acquire 3 years of training. After the training period is complete the individual is required to complete Modules E and F which would allow him or her to be awarded a CA certification.

3. The second course of action available for individuals who have secured a second division in ACCA, ICMA and CMA is to pass the proficiency test and then study modules A-F alongside training.

4. Once you have acquired a CA degree job offers would come at your doorstep and you would enjoy a successful career.

Course Structure:

The course structure for Chartered Accountancy is believed to be the most challenging and extensive. It follows a rigorous structure which requires individuals to comprehensively study various subject areas in a limited span of time. The whole process of acquiring a CA degree is divided into 6 modules in addition to 3 years of training. Module A and B comprise of general courses which are taught at any other university or college at the graduate level. Modules C-F are most challenging as they comprise of advanced accounting and taxation courses which makes it difficult for students to pass them.

Recognition of the Course:

The degree of Chartered Accountancy of Pakistan and its course structure is internationally recognized. International recognition has allowed many Chartered Accountants from Pakistan to have acquired jobs in foreign countries in top ranked companies. The course structure taught during the 6 modules of Chartered Accountancy is basically standardized according to the UK course structure. The examinations conducted for Chartered Accountancy Exams are of international stature which ensures a smooth and reliable examination procedure.

Job Opportunities:

With the risks and hard work associated with pursuing a career in Chartered Accountancy it is only fair that there are sufficient positions available in the market to adjust all of them. The Institute of Chartered Accountants of Pakistan (ICAP) follows a quota system of passing only that amount of Chartered Accountants every year which the markets demand. Although many argue that this quota system is unfair, it ensures that successful Chartered Accountant do not face any difficulties when it comes to availability of jobs.

Eligibility:

All individuals who have cleared their F.Sc or A levels are eligible to sit for the pre entry proficiency test and all individuals who pass this test are allowed to pursue a career in the field of Chartered Accountancy.

Remuneration:

Chartered Accountants are believed to be the most highly paid professionals in the country with their beginning salary being above Rs 60000. As Chartered Accountants become more experienced they start getting paid in hundreds of thousand rupees.