The Professionals' Academy of Commerce
Nation Building Through Professional Excellence
Introduction PAC
The Professionals' Academy of Commerce (PAC) is an approved accountancy education provider of various National and International Professional Bodies. Pac, a group entity of The Professionals' Group of Educational Institutions, was established in 1988 by Mr. Ishfaq Ahmed, FCA when he set up The Academy of Professional Accountants (APA). Today PAC is a name to reckon with in accountancy education circles across the globe. It is not only serving the maximum number of students in the country but also has best results.

The Academy's publishing wing Ishfaq Publishing Company (IPC) has been producing quality study and examination practice material for more than a decade. These IPC publications are facilitating thousands of CA, ACCA, CAT and other commerce related professional students in their pursuit of studies.

Apart from imparting quality accountancy education PAC is also providing auditing and accounting training to senior level government officials and business executives.

At Present PAC has three purpose built campuses, one each in Lahore, Peshawar and Gujranwala. All campuses are very spacious, equipped with latest teaching facilities and located within the transport circuit.

Management
   
Chairperson Mrs. Nighat Ahmed, M. Pharm
Central Principal Jafar Husain, FCA
Central Vice Principal Salahuddin, CISA, FCA
Principal Khyber Campus Kh. Awais Bilal, ACA
Principal Gujranwala Campus Anayat Ullah Khan
Coordinator CAT Mian Ahmed Farhan, FCA
Coordinator ACCA Jahanzaib Ismat Malhi, MBA
Coordinator Admin M. Bilal Altaf, ACA


Courses Offered

CA    ACCA    CAT    CISA

Libraries
Libraries of PAC are very spacious and contain a large number of books on professional and general subjects. A variety of newspapers, journals and magazines are also available in these libraries.

Computer Lab
PAC's most modern computer labs are equipped with the latest computers. Labs are not only providing hands-on experience to the students in LAN and Windows-NT environment but are also bringing them in contact with the latest developments in the field of information technology like electronic mail and internet. These labs are also approved for holding of Computer-Based Examination of ACCA (UK).

Study tours and Co-curricular activities
Study tours of industry, business & finance houses and special lectures on topics of current importance are arranged for the students. Facilities for indoor and outdoor games are also available. Sports, debates and quiz competitions are also arranged periodically. PAC also arranges recreational tours. The Prize Distribution Ceremonies of the Academy are well-known for their decent glamour.

Teaching Methodology
   
  • Use of audio-visual aids
  • Revision classes
  • Quizzes on every topic
  • Weekly & Fortnightly tests
  • Uniform class assignments
  • Monthly performance and attendance reports.
  • Class presentations
  • Tutorial Groups
  • Seminars and workshops
  • Role Plays & Mock Interviews



Performance
The Group's history which spans over a decade is studded with brilliant performances. Teacher's effort are reciprocated by the students in the most prestigious way by achieving Gold Medals and Distinctions.


What is Chartered Accountancy?
Chartered Accountancy is recognized as the best qualification in Accountancy all over the world. In Pakistan this profession is controlled by the Institute of Chartered Accountants of Pakistan (ICAP). ICAP is statutory body established under the Chartered Accountants Ordinance, 1961. At present, the ICAP has a membership of about 5,000 qualified Chartered Accountants.


Why should you OPT for Chartered Accountancy?
Because
A Pakistani Chartered Accountant is considered as a competent professional all over the world. You will be a top ranking executive in commerce and industry. You can set up your own accountancy firm. You can be a very high level government official. You need not acquire any further qualification in Accountancy for the advancement of your career.


How to enter the Profession?
For eligibility and entry routes, please consult the route tree given in this brochure.


PRE-ENTRY PROFICIENCY TEST (PPT)
It is a two hours entry level test, which comprises of English, Arithmetic & Logic and General Knowledge.


Eligibility for PPT

a) Bachelor Degree holders (Second Division or less) and Post Graduates (below Second Division ) from Universities recognized by Higher Education Commission (HEC).
b) Non-graduates (with at least 45% marks in HSC or 'A' levels at least two passes with minimum Grade E).
c) Candidates are allowed to appear in PPT on awaiting result basis.



Exemptions
Candidates who have passed the following examinations will be exempted from PPT.

Intermediate 1st Division
A-Levels with minimum two C grades
Bachelor 1st Division
Masters from recognized universities minimum 2nd Division
ICMA Intermediate & ICMA III Part, Professional - 1 students.
PIPFA (Pak)
ACCA (UK)



Professional Training
All students aspiring to become Chartered Accountants have to undergo practical training in any firm of Chartered Accountants. For Training Period please refer to the route tree.


Registration with the ICAP
The students are required to get themselves registered with the following departments of the ICAP at the timings written opposite to the students entering through each route.


Education & Training Department

Route#   Timing of Registration
1 (MFC students) At the time of admission in an approved college of the ICAP
2,3,4,5 &Others (Bachelor & Masters degree holders) Before last date for registration for relevant ICAP’s attempt.

Note: students can apply for the above registrations only after passing PPT or claiming exemption thereof.


Examination Department
Before sitting in the examination


EXAMINATION SCHEDULE
PPT     Four times a year on the dates announced by ICAP
Foundation & Intermediate    Twice a year in March and September
CA Final    Twice a year in June and December



EXEMPTION SCHEME

Schemes

Exemption from Examination

Reduction in training period
Chartered Accountants From England & Wales, Scotland, Ireland, Australia & Canada PPT, Foundation, Intermediate & Professional (Except paper E-15 and
F-19)		 Completely Exempt
     
PE-1 (ICAEW) PPT, Foundation, Intermediate
Further exemption on paper to paper basis		 None
     
Foundation ICAEW (UK) PPT, Foundation and Paper C6, C8, D11, D12 of Intermediate None
     
CIMA (UK) & ACCA (UK) PPT, Foundation & Intermediate 1 Year
     
CPA (AICPA) PPT, Foundation & Intermediate 1 Year
     
Member of ICMA (Pak) PPT, Foundation & Intermediate 1 Year
     
Intermediate / A-Levels/Graduates* Paper A1, A2 and B3 of Foundation None
     
4 years degree / Post Graduates* Module A & B None
     
     
* Conditions apply
TIME TO JOIN PAC (Admission & Classes)

TIME TO JOIN PAC (Admissions & Classes)

Session

Admission

Classes

MFC/PFC Spring Exam. (Mar.)

Jul-Oct.

Jul-Jan

Autumn Exam (Sep.)

Jan-Apr.

Feb-July

PPT

Immediately after opening of admission to the test by ICAP.

From one month before the test upto a day before.


Examinations & Subjects


MODULE Paper Subject Marks
FOUNDATION      
A A1 Functional English 100
  A2 Quantitative Methods 100
    Total 200
       
B B3 Introduction to Economics & Finance 100
  B4 Introduction to Financial Accounting 100
  B5 Mercantile Law 100
    Total 300
       
INTERMEDIATE      
C C6 Financial Accounting 100
  C7 Taxation 100
  C8 Business Communication & Behaviroual Studies 100
   

Presentation Skills Training Course(PSTC) certificate**

  
    Total 300
       
D D9 Company Law 100
  D10 Cost Accounting 100
  D11 Auditing 100
  D12 Information Technology* 100
    Total 400
       
FINAL      
E E13 Information Technology, Management, Audit & Control 100
  E14 Advanced Accounting & Financial Reporting 100
  E15 Corporate Law 100
  E16 Business Management 100
    Total 400
       
F F17 Management Accounting 100
  F18 Business Finance Decisions 100
  F19 Advanced Taxation 100
  F20 Advanced Auditing 100
    Total 400
    Grand Total 2,000


* Students can appear in Examination of two consecutive Modules i.e. A & B, B & C and C & D.
** A certificate would be issued on completion and passing of the course. Completion of this course is necessary when applying for Module C examination.

     Computer Course of 120 hours is required to be attended.
     Computer Practical of 40 marks would be held in Module D..


Scholarship & Financial Assistance
SCHOALRSHIPS are available for students with academic excellence. QARZ-E-HASNA is also available for deserving students.

LIST OF FACULTY
     

Paper #

Paper

Faculty Pool

A1

Functional English

Mr.Tahir Ishfaq, MA

 

 

Mr. Sohail Zafar Rana, MA

 

 

Mr. Shehzad Ahmed, MA

 

 

Ms. Ayesha Tahir, MA

 

 

Mr. Tanzeem ul Hassan, MA

 

 

Mr. Imran Hashmi, MA

 

 

 

A2

Quantitative Methods

Mr. Khalid Javed, M.Sc.

 

 

Mr. Tariq Awan, M.Sc.

 

 

Mr. Inam Ul Haq, M.Sc.

 

 

Mr. M.M. Najmi, M.Sc.

 

 

Mr. Nadeem Siddiqui, M.Sc.

 

 

Mr. Iqbal Rasool Shahid, M.Sc.

 

 

 

B3

Introduction to Economics & Finance

Mr. Sohail Akhtar, MA

 

 

Mr. Ejaz Butt, MA

 

 

Mr. Muhammad Azmat, MA

 

 

Mr. Agha Tahir, MA

 

 

Mr. Shabeeb Haider Syed

 

 

Ms. Uzma Hanif, MA, MPhil

 

 

Ms. Tasneem Zafar, MA, MPhil

B4 & C6

Introduction to Financial Accounting & Financial Accounting

Mr. Jafar Husain, FCA

 

 

Mr. Salahuddin, CISA, FCA

 

 

Mr. Hafiz Mohyuddin Tair, ACCA, ACA

 

 

Mr. Mian Ahmed Farhan, ACA

 

 

Mr. Faisal Ijaz, ACCA,  ACA

 

 

Mr. Fraz Shamsi, ACA

 

 

 

B5

Mercantile Law

Mr. Jafar Husain, FCA

 

 

Ms. Farzana Khan, MA, L.L.B

 

 

Mr. Asadullah Javed, MA, L.L.B

 

 

Mr. Asad Feroze, LLB, ACCA, ACA

 

 

 

C7

Taxation

Mr. Mirza Munawar Hussain, ACMA, AICS

C8

Business Communication & Behavioural Studies

Mr. Tahir Ashfaq, MA

 

 

Mr. Sohail Zafar Rana, MA

 

 

Dr. Shehzad Siddique, MA

 

 

Ms. Ayesha Tahir, MA

 

 

 

D9

Company Law

Mr. Mirza Munawar Hussain, ACMA, AICS

D10

Cost Accounting

Mr. Salahuddin, CISA, FCA

 

 

Mr. Ishtiaq Ahmad Rana, FCA

D11

Audting

Mr. Jafar Husain, FCA

 

 

Mr. Asim Nazir, LLB, CPA, CIA, FCA

D12

Information Technology

Mr. Amanullah Khan, MCS, MBA, CISA

 

 

Mr. Jamshed Khattak, M.Sc. MCS

 

 

Mr. Muhammad Arif, MCS

E13

Information Technology, Management, Audit & Control

Mr. Jafar Husain, FCA

 

 

Mr. Salahuddin, CISA, FCA

 

 

Mr. Amanullah Khan, MCS, MBA, CISA

 

 

 

E14

Advanced Accounting & Financial Reporting

Mr.Faiz Ali Bokhari, FCA

 

 

Mr. Jafar Husain, FCA

 

 

Mr. Salahuddin, CISA, FCA

 

 

 

E15

Corporate Law

Mr. Bilal Altaf, ACA

E16

Business Management

Mr. Masood ur rehman, ACA

 

 

 

F17

Management Accounting

Mr. Salahuddin, CISA, FCA

F18

Business Finance Decisions

Mr. Faiz Ali Bokhari, FCA

 

 

Mr. Faisal Ijaz, ACCA, ACA

F19

Advanced Taxation

Mr. Asim Zulfiqar, ACA

 

 

Mr. Zulfiqar Ahmed, ACA

F20

Advanced Auditing

Mr. Jafar Husain, FCA



STREAMS FOR CA QUALIFICATION