What is CA and its benefits

WHAT IS CA:-

Chartered Accountants work for big and small firms that offer fee earning advisory and management services to a variety of clients and businesses in the industrial, commercial and non profit sectors. They audit the accounts of these clients and businesses and can also be involved in specialist areas of financial advice such as tax. Chartered Accountants are also employed in commercial organizations, banks, and the private and public sectors.

To become a Chartered Accountant you need to be motivated, possess analytical skills, numerical ability, a keen sense of what is going on in the world of business and finance, and personal qualities such as reliability and discretion. You will be required to study business and corporate finance, economics, auditing, taxation, management and information systems.

WHAT IS ICAP:-

The Institute of Chartered Accountants of Pakistan (ICAP)
Is a professional body of Chartered Accountants in Pakistan, and represents accountants employed in public practice, business and industry, and the public and private sectors. The Institute is a member of the International Federation of Accountants (IFAC) which is the global organization for the accountancy profession.

“ICAP has approx.as 5,322 members who are currently working in 46 countries worldwide. With thousands of students joining our prestigious fraternity, we offered approx. 382 ambassadors to the local and international market in the year 2011 The transformation to global financial reporting standards requires the internalization of new values and attitudes. At ICAP we realize that education is critical and holds together the centrifugal forces that continue to pull us towards diversification, yet persuade us to retain our distinctive identity.

The head office of the Institute is housed in its own premises in Karachi at Teen Talwar, Clifton with regional offices in Islamabad, Lahore, Multan ,Faisalabad and Peshawar.

INSTITUTIONS IN PAKISTAN:-

• SKANS (LAHORE,KARACHI,FAISALABAD,SIALKOT,Islamabad,Rawalpindi,Multan,Gujranwala,Peshawar)

• PAC ( Lahore,peshawar,gujranwala)

• RISE (Lahore)

• CAPS (Lahore)

• CFE (Lahore)

• AL-Hamd Academy ( Karachi)

• Lakhani’s School of Accountancy (LSA) ( Karachi)

• KnS School of Business Studies ( Karachi)

• Tabani’s School of Accountancy (TSA) ( Karachi)

• Escribir College of Advanced Studies ( Karachi)

• And many more

LEVELS IN CA:-

There are four levels in CA

• AFC
• CAF
• CFAP
• 4th level Final

INTERNSHIP:-

After 2nd level we the CA start articleship in Audit firms or now even in companies and the period of articleship is 3.5 years. After 1.5 years we are eligible to give papers of third level

About the  firms and other info I will give in next blog.. If u like this plz share it and give a follow

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