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Certificate in Accounting & Finance (CAF)
The Certificate in Accounting & Finance (CAF) is a crucial milestone within the Chartered Accountancy (CA) qualification framework in Pakistan. Offered by the Institute of Chartered Accountants of Pakistan (ICAP), the CAF serves as an intermediate certification that equips students with a strong foundation in accounting, finance, and related disciplines. The CAF program covers a broad range of subjects, including financial accounting, business law, taxation, and cost management, ensuring that students gain a comprehensive understanding of the financial principles and practices essential for a career in accountancy.
Importance of CAF in the CA Qualification Pathway
The CAF is a significant step for aspiring Chartered Accountants, marking the transition from basic accounting knowledge to more advanced professional competencies. Successfully completing the CAF exams demonstrates a candidate’s ability to understand and apply accounting and financial concepts in real-world scenarios. This certification not only validates the student’s proficiency in core subjects but also prepares them for the more specialized and rigorous stages of the CA qualification process. Achieving the CAF is often seen as a critical indicator of a student’s readiness to tackle the challenges of advanced accountancy and finance roles, ultimately paving the way for a successful career as a Chartered Accountant.
Exam Structure
Certificate in Accounting & Finance (CAF)
- CAF 1 - Financial Accounting & Reporting 1
- CAF 2 - Tax Practices
- CAF 3 - Cost and Management Accounting
- CAF 4 - Business Law
- CAF 5 - Financial Accounting & Reporting 2
- CAF 6 - Managerial and financial analysis
- CAF 7 - Company Law
- CAF 8 - Audit and Assurance
Department Contact
- 10 B & 11 Aibak Block,
- Garden Town, Lahore
- +(92) 300 788 1403
- info@cfecollege.edu.pk
- Mon - Fri : 08:00 - 18:00
