INSTITUTE OF CERTIFIED PUBLIC ACCOUTANTS OF PAKISTAN ICPAP

INSTITUTE OF CERTIFIED PUBLIC ACCOUTANTS OF PAKISTAN (ICPAP) Certified Public Accountant Plot 03, Street 42, Sector F-8/1, Islamabad, Pakistan Ph: +92 -51 -2853018 / +92 -333 -2252863 Email: Iftikhar. baig@icpap. com. pk www. icpap. com. pk

ICPAP History l l l Established in 1992 License granted by Registrar Joint Stock of Companies, Islamabad. Registered Students 850 Associate Members 700 Fellow Members 350

WHAT IS CERTIFIED PUBLIC ACCOUNTANT (CPA)?

Why CPA? l To Cater the requirements of the financial market as well as Manufacturing concerns by providing professional Accountants. l To Promote professionalism in the fields of Accounting, Taxation and Auditing. l To replace the khata/Munshi system with modern Accounting Systems and professional accountants. l To promote and implement prevailing Accounting Standards set by IFRS & IASB. l To Promote and to equip overseas Pakistanis by providing them Professional qualification at their door steps.

ROLE OF CPA l Today, the role of CPA ranks among the most demanding in the Pakistan’s economic community. The CPA’s ability to provide the information necessary to determine and evaluate the past, present and future economic activities of organizations is vital in our changing business environment.

• • How Many Professional Accountants do we have to cater the requirements of these sectors? Who is replacing professional accountants in these sectors? Financial Sector l 46 l 8 59 40 10 23 l l Banks (with 250 Branches of each bank) Investment Companies Insurance Companies Modaraba Fund Managers (approx. ) Leasing Companies

• • How Many Professional Accountants do we have to cater the requirements of these sectors? Who is replacing professional accountants in these sectors? Industrial Sector Consumer Products & Services Educational Services Employment Services Home Furnishings Legal Services Professional Services Travel Services Energy & Power Alternative Energy Sources Oil & Gas Petrochemicals Pipelines Power Water & Waste Management Financials Alternative Financial Investments Asset Management Banks Brokerages Credit Institutions Diversified Financials Government Sponsored Entities Insurance Government Agencies City Agency City Government National Agency National Government Supranational Other Government & Agencies Public Administration Regional Agency Regional Government Healthcare Biotechnology Healthcare Equipment & Services (HMOs) Healthcare Equipment & Supplies Hospitals Pharmaceuticals High Technology Computer & Peripherals E-Commerce / B 2 B Electronics Internet Infrastructure Internet Software & Services IT Consulting Services Semiconductors Software Industrials Aerospace & Defense Automobiles & Components Building/Construction & Engineering Industrial Conglomerates Machinery Transportation & Infrastructure Materials Chemicals Construction Materials Metals & Mining Containers & Packaging Paper & Forest Products Media & Entertainment Advertising & Marketing Broadcasting Cable Casinos & Gambling Hotels & Lodging Recreation & Leisure Motion Pictures / Audio Visuals Publishing Real Estate Non Residential REITs Real Estate Management &Development Residential Retail Apparel Retailing Automotive Retailing Computers & Electronics Retailing Discount & Department Store Retailing Food & Beverage Retailing Home Improvement Retailing Internet & Catalog Retailing Consumer Staples Agriculture & Livestock Food & Beverage Household & Personal Products Textiles & Apparel Tobacco Telecommunications Space & Satellites Telecommunications Equipment Telecommunications Services Wireless Manufacturing l Automobile l Electronics l Garments

DIFFERENCE BETWEEN ICAP, ICMA & ICPAP ICMA ICPAP Establishment 1951 1967 1992 Members 4500 700 approx. No. of Courses 20 21 18 Eligibility Criteria Intermediate Graduation Examination centers In Pakistan & UAE only In Pakistan only Pakistan and Middle East Specialization Financial Accounting, Tax & Auditing Cost & Managerial Accounting • Financial Accounting, Tax & Auditing. • Cost & Managerial Accounting • Forensic Accounting & Money Laundering • Capital Market, Banking & Risk Management • Human Resource Management & Accounting Acceptability Underpaid 100% employed in middle and upper management

COMPARISON BETWEEN CPA, CA AND CMA (Managerial Accountant) l Produce Cost and Management Accountants l Focus on Budgeting and Costing l Mostly Common in Industrial and Manufacturing Sector l Managerial Accountant may only prepare reports weekly, daily or monthly l Managerial accountancy follows the rules made by individual companies or organizations CA and CPA l both produce financial Accountants l financial accountant works within and outside the organization focusing on financial matters like preparation of financial reports, analysis of ratio, dealing with bank handling taxation matters, conduct audit. l Mostly common in financial and all other sectors except industrial & manufacturing concerns. l Financial accountants submits a report periodically l Financial accountancy follow the regulations of the standard setting body all over the world like IASB and IFRS. CA and CPAs Difference is CA is inherited from UK while CPA inherited from USA CA Syllabus only covers Financial Accounting, Taxation and Auditing. CPA syllabus covers four specialization F/A, Taxation, and Auditing, managerial accounting, forensic and fraud examination, Banking/Risk Management, and HR Accounting and Finance.

PROGRAMS OF ICPAP l Cert. PA (Certificate in Public Accounting) l PGDPA (Post Graduate Diploma in Public Accounting) l CPA (Certified Public Accounts)

Admission Criteria The candidates who hold a bachelor degree (14 years of education) in any of the disciplines i. e. B. Com, B. A, BBA & BSc are eligible to apply in CPA program. The admissions are taken throughout the year as CPA is a distance learning program. The registered candidates are provided with monthly newsletters, assignments, past papers, Study Notes and course material during their semester. The exams are conducted twice a year in June and in December of every year in all major cities of Pakistan and Abroad. Student will furnish the following documents for assessment of exemptions at the following email ID: Iftikhar. baig@icpap. com. pk l Latest CV l Scanned copies of academic / professional qualifications l Experience / Service certificates (if any)

ICPAP COURSES CERTIFIED PUBLIC ACCOUNTING CPA MODUl. E-6 SPECIALIZATION • • • Advanced Taxation Advanced Auditing and Assurance Advanced Financial Management Foundation Level KNOWLEDGE • Financial Accounting • Cost and Management Accounting • Financial Management FUNDAMENTALS • Business English and Communication • Economic Analysis and Business Environment • Quantitative Methods and Techniques Operational Level MODUl. E-4 • • • Taxation Laws Business Analysis and Decision Making Financial and Corporate Reporting ESSENTIALS MODUl. E-3 ESSENTIALS • Mercantile Law • Audit and Assurance • Information Technology Management, Audit & Control • Corporate Law and Governance Advanced Performance Management Advanced Management Accounting SKILLS • • • Mercantile Law Audit and Assurance Information Technology Management, Audit & Control KNOWLEDGE MODUl. E-2 SKILLS • Taxation Laws • Business Analysis and Decision Making • Financial and Corporate Reporting • • • Financial Accounting Cost and Management Accounting Financial Management FUNDAMENTALS MODUl. E-1 FUNDAMENTALS • Business English and Communication • Economic Analysis and Business Environment • Quantitative Methods and Techniques MODUl. E-2 KNOWLEDGE • Financial Accounting • Cost and Management Accounting • Financial Management MODUl. E-1 MODUl. E-2 CERTIFICATE IN PUBLIC ACCOUNTING MODUl. E-3 MODUl. E-4 POST GRADUATE DIPLOMA IN PUBLIC ACCOUNTING MODUl. E-5 PROFESSIONAL • • • Business English and Communication Economic Analysis and Business Environment Quantitative Methods and Techniques Professional Level

FEE STRUCTURE (Valid till Dec 12) Certificate in Public Accounting (Cert. PA) No. of Papers Pakistani Students No. of Papers Overseas Pakistani Students Non-Pakistani Students Rupees Particulars Rupees US $ 21, 500 200 Registration Fee 19, 500 Total Registration Fee 19, 500 Module-1 1000 x 3 3, 000 1500 x 3 4, 500 90 Module-2 1000 x 3 3, 000 1500 x 3 4, 500 90 Total Exemption/ Examination Fee 6, 000 9, 000 180 Membership Fee 2, 500 60 Annual Subscription for Member 1, 500 20 Total 4, 000 80 29, 500 34, 500 460 G. Total

FEE STRUCTURE (Valid till Dec 12) Post Graduate Diploma in Public Accounting (PGDPA) No. of Papers Pakistani Students No. of Papers Overseas Pakistani Students Non Pakistani Students Rupees Particulars Rupees US $ 21, 500 200 Registration Fee 19, 500 Total Registration Fee 19, 500 Module-1 1000 x 3 3, 000 1500 x 3 4, 500 90 Module-2 1000 x 3 3, 000 1500 x 3 4, 500 90 Module-3 1000 x 3 3, 000 1500 x 3 4, 500 90 Module-4 1000 x 3 3, 000 1500 x 3 4, 500 90 12, 000 18, 000 360 Membership Fee 2, 500 60 Annual Subscription for Member 1, 500 20 Total 4, 000 80 35, 500 43, 500 640 Total Exemption/ Examination Fee G. Total

FEE STRUCTURE (Valid till Dec 12) Certified Public Accountant (CPA) No. of Papers Pakistani Students No. of Papers Overseas Pakistani Students Non-Pakistani Students Rupees Particulars Rupees US $ 21, 500 200 Registration Fee 19, 500 Total Registration Fee 19, 500 Module-1 1000 x 3 3, 000 1500 x 3 4, 500 90 Module-2 1000 x 3 3, 000 1500 x 3 4, 500 90 Module-3 1000 x 3 3, 000 1500 x 3 4, 500 90 Module-4 1000 x 3 3, 000 1500 x 3 4, 500 90 Module-5 1000 x 3 3, 000 1500 x 3 4, 500 90 Module-6 1000 x 3 3, 000 1500 x 3 4, 500 90 18, 000 27, 000 540 Membership Fee 2, 500 60 Annual Subscription for Member 1, 500 20 Total 4, 000 80 41, 500 52, 500 820 Total Exemption/ Examination Fee G. Total

BECOME A CERTIFIED PUBLIC ACCOUNTANT Internationally Recognized PROGRAMS CERT. PA PGDPA CPA EXEMPTIONS AVAILABLE TO CA – CMA – CIMA – ACCA ACSP – APA MBA – M. Com – M. A. Eco BBA – B. COM SEND YOUR CV & EDU. / PROFESSIONAL DOCUMENTS FOR FREE EVALUATION Iftikhar. baig@icpap. com. pk WWW. ICPAP. COM. PK

GLOBAL AFFILIATIONS

FULL AUDIT RIGHTS IN UAE Ministry of Economy and Commerce, UAE has granted the Audit Rights to the members of Institute of Certified Public Accountants of Pakistan (ICPAP). UNITED ARAB EMIRATES full Auditor status recognition has been granted under Ministerial Decree No. 148 of 2012 by the Ministry of Economy - U. A. E.

Approved Coaching Centers Mas Education Centre M 01, Rose Tower, Next ADNOC, Behind ADCB, Salam Street, Abu Dhabi, UAE Email: masclasses@yahoo. com info@maseducationuae. com Web: http: //www. maseducationuae. com Luminary Management Consulting Dubai International City P. O. Box: 234521 Dubai, United Arab Emirates Email: info@luminaryconsultings. com GLOBAL Education Center Block A, Dream Sea Shopping Centre, 4 th Floor, Sheikh Rashid Bin Hameed Street, Ajman, United Arab Emirates Email: info@gec-uae. com Web: www. gec-uae. com Main Murree Road, Bahara Kahu, Islamabad Phone: 051 -2574877 Email: info@al-wadood. edu. pk Web: www. al-wadood. edu. pk LEGEND SCHOOL OF ACCOUNTANCY 50 Babar Block Garden Town (Near Barket Market) Lahore. Phone: +92 -42 -35882253 -4 Email: info@lsa. edu. pk Web: www. lsa. edu. pk Kuwait St. , Karama - Dubai – UAE Email: info@pacdubai. com Web: www. pacdubai. com

STEPS TO GET AHEAD IN YOUR CAREER SEND YOUR CV & EDU. / PROFESSIONAL DOCUMENTS FOR FREE EVALUATION Iftikhar. baig@icpap. com. pk BECOME A CERTIFIED PUBLIC ACCOUNTANT www. icpap. com. pk (CPA) Institute of Certified Public Accountants of Pakistan (ICPAP) facebook. com/ICPAP