Every year thousands of students appear for chartered accountancy exams in Pakistan. While these exams are known to be very challenging, if you have the correct information about CA exams and put in the required hard work, you can easily ace them. One crucial aspect of preparation that can prove to be a game changer for you is being well aware of the structure of the examinations.
This blog contains all the introductory information about CA exams you need to know to pass and become certified accountants successfully.
Paper Pattern
The paper pattern and details about CA examinations are decided by the Institute of Chartered Accountants in Pakistan. They are responsible for conducting these exams. The pattern is announced every year along with the syllabus. To become a chartered accountant, you must clear all exams. The top institutes always ensure their students have all the information about CA exams and know the past paper pattern so they can tune their teaching methods accordingly. Enrolling in a good institute will help you stay on top of all paper trends.
CA Exams
There are four main categories of exams you need to sit through to become a certified chartered accountant in Pakistan, which are as follows.
– Assessment of Fundamental Competencies consisting of 4 exams
– Certificate in Accounting and Finance consisting of 9 exams
– Certificate Finance and Accounting Professional consisting of 6 exams
– Multi-Subject Assessments consisting of 2 exams
A few CA exams are open books, meaning students can bring along books that the relevant authority has specified. The total number of papers you are allowed to bring books to is 8. Six belong to the CFAP category, and two are Multi-Subject Assessment papers.
Important Paper Tips
You should visit the Institute of Chartered Accountants website to check the paper pattern for the year you will be giving your exams. This and all other relevant details about CA can help you prepare according to what has been specified. Also, while solving past papers, try timing yourself according to the time specified for each paper. For example, if an exam lasts 3 hours, try to do it within 2 hours and 45 minutes while practicing. This will give you enough time for last-minute revisions and help you with exam anxiety. Lastly, identify the two questions you can solve and score the best. Then, work on these thoroughly to make the most of the time.
Chartered Accountancy papers are complicated, so the passing ratio is low. However, it is possible to pass all exams. Try to get the most information about CA exams, the number of papers and the category each of them belongs to, make a reasonable timetable, and solve an adequate amount of past papers, and you will surely pass.