CIPFA

CIPFA was established in 1885 and is the only global professional accounting body and member of the International Federation of Accountants (IFAC) that specializes in the public sector. CIPFA is the global expert in public finance. Working closely with public sector organizations across the UK and with international bodies such as the UN and the World Bank, the International Monetary Fund and the European Commission, we are responsible for the education and training of professional accountants and for their regulation.

CIPFA has a strong presence in Pakistan. We recently signed a contract to undertake a landmark capacity building and change management project with the Department of the Auditor General of Pakistan in partnership with the University of Lahore. The project will include the delivery of CIPFA’s Professional Accountancy Qualification to 150 key officers. CIPFA will also design and deliver thematic audit training to a further 800 officers, improving understanding of performance auditing across the country. As part of our commitment to strengthening professional and educational standards across Pakistan’s public sector, we also have a memorandum of understanding and work closely with Pakistan Institute of Public Finance Accountants (PIPFA) and other professional bodies in Pakistan. We also recognise exemptions from The Institute of Chartered Accountants of Pakistan (CA Pakistan) and The Institute of Cost and Management Accountants of Pakistan (ICMA Pakistan). At the heart of everything we do is our professional network of 14,000 members. They work for public sector organizations, in auditor generals’ offices, government corporations and major accounting firms across the globe and are widely respected for their technical and ethical standards, and professional integrity.

About

The university of lahore

The University of Lahore (UOL) is the largest private sector university in Pakistan with more than 35,000 students. It was established in 1999 and since then it has grown to 11 faculties and 45+ departments offering over 200 courses in the fields of Business, Medicine & Dentistry, Engineering, Arts, Sciences and Social Sciences.

The quality of teaching facilities and research excellence have also earned UOL international recognition, placing it amongst the top three universities in Pakistan according to QS Asia World University Rankings 2022. The Higher Education Commission (HEC) recognizes the University of Lahore at its highest “W4” category of universities, which is reserved for those institutions that fulfil all criterion of an International Quality University.

With its special focus on professional and technical education, UOL established the Lahore School of Accountancy & Finance. It offers graduate and post-graduate programs in Commerce, Accountancy and Finance – and now, the CIPFA Certificate in Management and Financial Accounting, a new and unique program that forms the first stage of the internationally renowned CIPFA Professional Accountancy Qualification. The CIPFA qualified professionals are meant to play effective role in public sector and business organisations alike.

Messages

Rob Whiteman, CBE CEO, CIPFA

The work of a Chartered Public Finance Accountant (CFPA) is both more complex and more critical to the public sector than at any point in our history.

Digital technologies, highly charged political context, regulatory reforms, climate change, increase service demand and the fallout from the COVID-19 pandemic -are just a few of the key issues impacting how public financial management, reporting and audit are conducted now and in the future.

Mohammad Maqbool

Dean, School of Accountancy and Finance, University of Lahore

The Chartered Institute of Public Finance and Accountancy (CIPFA) and the University of Lahore are delilghted to be working together to offer the CIPFA Certificate in Management and Financial Accounting in Pakistan, a new and unique program that forms the first stage of the internationally renowned CIPFA Professional Accountancy Qualification.

It is the leading qualifcation for those charged with delivering sustainable public value. Both challenging and highly rewarding, it is designed to give you the best possible foundation for a career in public finance. CIPFA qulaified professionals are recognised globally as having an effective role to play across the public sector and business organisations alike.

we look forward to welcoming you.

Muhammad Ajmal Gondal

Auditor General of Pakistan

“The Department of Auditor General of Pakistan recognizes CIPFA as a leading global accounting qualification for the public sector. CIPFA members are valued for their knowledge and highest ethical behaviours. We look forward to our officers having the distinguished title of Chartered Public Finance Accountant (CPFA)

Why

choose the CIPFA program?

FEATURES OF THE PROGRAM

The CIPFA Professional Accountancy Qualification is the only global accountancy qualification designed specifically for aspiring finance professionals working in the public services.
The Certificate in Management and Financial Accounting is the first stage of the full qualification, giving you the choice and opportunity to progress even further in your career.
It can lead to the internationally recognised Chartered Public Finance Accountancy (CPFA) designation, which signals your technical competency and public sector expertise.
The qualification explores green finance, environmental reporting and performance measures, big data, data analytics and new technologies.
It features a world-class learner management system and e-assessment platform for an enhanced digital learning experience.

BENEFITS FOR YOU

A dynamic, interactive learning experience, led by qualified and experienced trainers and supported by tools to encourage networking with your fellow students.
It delivers the technical competency, ethical principles, sustainable public value, and strategic thinking that employers in public and corporate sectors are seeking.
There are continuing professional development (CPD) opportunities to complement your learning journey and future career.
You will gain access to the extensive resources that come with CIPFA student membership, including regular newsletters, free and discounted training opportunities, technical guidance and career support.
You will join a global network of financial professionals working in the public sector.
Plus there is support whenever it’s needed from CIPFA’s online Mental Health and Wellbeing Hub and our trained mental health first aiders.

CIPFA

program structured?

The CIPFA Certificate in Management and Financial Accounting is made up of two modules – Financial Accounting and Management Accounting. The minimum pre-requisite to enter the program is intermediate and A, Level or equivalent qualification. The Certificate is the first stage of the CIPFA Professional Accountancy Qualification. On successful completion of the Certificate, you will have the opportunity to complete the three remaining stages, as illustrated in the diagram below. At the final stage, there are two pathways to choose from – one for those specialising in accountancy (i) and one for those specialising in audit (ii). The graduates of relevant degree programs may be eligible for appropriate exemptions.

Pre-learning: Ethics e-learning

CIPFA Certificate in Management and Financial Accounting

Financial Accounting
Management Accounting

CIPFA Diploma in Financial Management and Audit

Audit and Assurance
Business Planning and Financial Management
Developing Strategy and Data Analysis

CIPFA Diploma in Governance, Risk and Taxation

Business Reporting
Governance and Risk Management
Tax and Law

Accountancy pathway:

CIPFA Diploma in Public Financial Management, Reporting and Business Change

Implementing Business Change
Strategic Public Financial Management
Public Sector Financial Reporting
Strategic Case Study

Audit pathway:

CIPFA Diploma in Public Financial Management, Reporting and Advanced Audit

Advanced Audit
Strategic Public Financial Management
Public Sector Financial Reporting
Strategic Case Study

What will your Learn?

The Certificate in Management and Financial Accounting offers you the knowledge and skills required to progress in your professional accountancy career.
Developed in partnership with industry experts and employers, this qualification offers a wide range of transferable skills that can be applied to many different finance and accounting contexts.
It provides you with a qualification in professional accounting and management
accounting and is suitable for those who:

need to build their fundamental base of skills
are entering employment as an accountant or auditor
aspire to work in a financial or accounting management role

FINANCIAL ACCOUNTING

This module provides an introduction to accounting theory, bookkeeping, control techniques and the preparation of content for the financial statements. Three types of organization are considered: sole traders, limited companies, and clubs and societies. You will be encouraged to consider your approach to recording transactions, control techniques and preparing financial statements in the context of ethical and professional behaviour.

Assessment: Online examination, 2 hours – multiple choice and objective questions.

Management Accounting

This module provides an introduction to the principles of costing and budgeting and their use in providing information to support management decision making. The nature of costs, cost behaviour and various costing techniques are explored. You will learn the key aspects of standard costing and variance analysis, and the use of costing information to evaluate performance. The importance of the budget setting process and the types and uses of budgets are also covered, together with the practical skills needed to prepare budgets and to estimate costs for inclusion in a budget. The relevance and use of technology are embedded throughout the module.

Assessment: Online examination, 2 hours – multiple choice and objective questions.

How is the CIPFA program taught?

The CIPFA Certificate in Management and Financial Accounting is taught by qualified and
experienced tutors from the Lahore School of Accountancy & Finance, The University of Lahore.
The School offers flexibility and choice and uses a mix of blended learning, including face-to-face classes and a wealth of online resources that will help you to confidently plan and prepare for the exams. These include recorded web classes, workbooks, practice exam questions and student discussion forums.

CIPFA Membership

When you enrol onto the CIPFA Certificate in Management and Financial Accounting, you will also register as a CIPFA student. This will give you immediate access to a range of membership resources and opportunities that are designed to support your learning journey and career in public finance.
These include our e-learning service CPD Bites and our online Career Hub which is packed with resources to help support your career progression, plus access to publications and expert commentary on the public finance arena.
Then, on successful completion of the Certificate in Management and Financial Accounting, you will be offered CIPFA Affiliate status and use of the designatory letters CIPFA Affil. This will signal your relationship with CIPFA, as well as your technical competency and public sector expertise to future employers.

How is the CIPFA program assessed?

The CIPFA Certificate in Management and Financial Accounting is assessed via online
exams, which are delivered in English.

The Financial Accounting and Management Accounting exams take two hours each and feature multiple choice and objective questions. They are available to sit quarterly, in March, June, September and December.

If you are keen to progress through the full CIPFA Professional Accountancy Qualification, you will sit online exams for all of the remaining 10 modules including the final Strategic Case Study exam. You will also need to complete a Practical Experience Portfolio (PEP) – a written log that documents the knowledge, skills, and behaviours you have gained through work experience, while completing your studies. The PEP is a prerequisite to becoming a Chartered Public Finance Accountant.

How long does it take to Complete?

The CIPFA Certificate in Management and Financial Accounting will take approximately one term to complete. This is based on you taking the two modules in the same term and passing the assessment on your first attempt.
The full CIPFA Professional Accountancy Qualification typically takes three and a half years to complete. This will vary depending on students’ prior qualifications, relevant work experience and whether any exam resits are needed.

What are the entry requirements?

To begin the Certificate in Management and Financial Accounting, you must be aged 18 and over. You must also have three GCSEs, grades A–C (or grades 4 and up), and two A-Levels, grades A–C, or accepted equivalent. For International Students entry requirement is High School Diploma or accepted equivalent (ie, FA, FSC, ICS, I.COM).

We also welcome students who do not meet the academic requirements. These students must be 21 or over and have their employer’s support and more than three years’ relevant work experience.

Language Requirements

Our qualifications are taught and assessed in English. For students to achieve success, it is essential that they have an appropriate level of English language skills.

The University of Lahore will discuss with you what evidence they will require you to provide, to demonstrate your proficiency in English prior to you registering with CIPFA.

How much does the CIPFA Program Cost?

Payable to University of Lahore

Registration fee: Rs. 10,000(one time)

Tutition fee: Rs. 30,000 per paper

Payable to CIPFA

Student Application fee: £14.44 (one time)
Student Subscription fee: £40.25 (annual*)
Exam fee — Management Accounting: £110.00
Exam fee — Financial Accounting: £110.00
Exam re-sit fee: £110.00
Exemption fee: £25

*Annual Subscription payable to CIPFA every year in January.

All Fees are subject to change without prior notification.

Contact Us

Please contact the Lahore School of Accountancy and Finance (LSAF) to confirm your interest in the program and to get the course start dates.

Visit: Lahore School of Accountancy and Finance, The University of Lahore, 48A C3 Gulberg III Lahore, Pakistan

Email: [email protected]

Phone: +92 42 35870645-47

Facebook: search ‘UOL- City Campus’

Website: www.uolcc.edu.pk/cipfa

Once enrollment is confirmed with the LSAF, your details will be passed to CIPFA, who will then contact you with registration information and support.