Exemption Schedule

Exemption Schedule for Academic & Professional Qualifications

Subject CAT B.Com BBA BBA
(Hons.)
B.Sc BCS B.E LLB B.Com/
BS/BBA
(Hons.)
(4 years)
M.Com MBA M.Sc
(Acc & Fin)
ICSP ICAP upto Mod-E/PAA ICMAP upto Stage-5 ACCA CIMA
Level 1
Quantitative Methods EX EX EX EX EX EX EX - EX EX EX EX - EX EX EX EX
Basic Accounting EX EX EX EX - - - - EX EX EX EX EX EX EX EX EX
Bus. English and Behavioral Studies - EX EX EX - EX EX - EX EX EX EX - EX EX EX EX
Level 2
Business Economics - EX EX EX - - - - EX EX EX EX - EX EX EX EX
Business Laws - EX - - - - - EX EX EX EX EX EX EX EX - -
Cost Accounting EX EX EX EX - - - - EX EX EX EX - EX EX EX EX
Level 3
Financial Accounting EX - - - - - - - EX EX EX EX - EX EX EX EX
Taxation - - - - - - - - EX EX EX EX EX EX EX - -
Bus Comm. And Report Writing EX - - EX - EX EX - EX EX EX EX EX EX EX EX EX
Management Strategy - - - - - - - - - - - - - EX EX - -
Level 4
Financial Reporting - - - - - - - - - - - - - EX EX EX EX
Management Accounting

- - - - - - - - - - - - - EX EX EX EX
Audit, Assurance and Ethics - - - - - - - - - - - - - EX EX EX -
Business Organization - - - - - - - - - - - - - EX EX - -
Total Exemptions 5 6 5 6 1 3 3 1 9 9 9 9 4 14 14 10 9

  • Exemptions are available for the students of ICAP, ICMA Pakistan and Students/Members of IFAC Member Bodies on paper-to-paper basis and on reciprocal basis.
  • Exemptions are available subject to 70% Course coverage of a respective subject/course.
  • Note: Only recognized Universities/Institutions from HEC will be considered for exemption.
  • The academic qualifications other than mentioned in the exemption schedule will be dealt with, on case to case basis by competent authority, subject to fulfilling all pre-requisites.


Abbreviations:

The abbreviations used in the foregoing paragraphs represent the following:

ICAP Institute of Chartered Accountants of Pakistan
ICMA Pakistan Institute of Cost and Management Accountants of Pakistan
ACCA (UK) Association of Chartered Certified Accountants
CIMA (UK) Chartered Institute of Management Accountants
CAT Certified Accounting Technician - ACCA (UK)
ICSP Institute of Corporate Secretaries of Pakistan
MBA Master of Business Administration
M.Com Master of Commerce
M.Sc (Acc & Fin) Master of Science - (Accounting & Finance)
BBA Bachelor of Business Administration
BBA (Hons) Bachelor of Business Administration (Hons)
BCS Bachelor of Computer Science
B.E Bachelor of Engineering
LLB Bachelor of Laws
B.Com Bachelor of Commerce
B.Sc. Bachelor of Science
BS Bachelor of Studies - (Commerce and Accounting & Finance)

(The Decision of competent authorities will be considered final in all exemption matters. PIPFA reserves the right to accept or reject any exemption(s) claim without assigning any reason).

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