STUDENT

S
FI
NANCIAL
SUPPORT(SF
S)
PROGRAM
T
aket
hej
our
neyyouwi
sh
MESSAGEFROM PRESI
DENT

Mr
.As
hfaqY
ous
ufT
ola,
FCA

TheInsti
tuteofChart
eredAccountant
sofPakist
an,beingposi
tionedinPakist
anasthe
premieraccountingbodyandregul
atoroft
heaccount i
ngprofessi
on,hasbeenmaking
consciouseff
ort
stosuppor
tacademicall
ybr
ightandfi
nancial
l
ydes ervi
ngstudent
sfori
ts
quali
fi
cationPr
ogram.

Ifeel
honouredtos harewit
hyouahi stor
ici
nit
iat
iveoftheI ns
ti
tutet
hatcomplementsand
encouragesthefinancials
upportpr ogr
amsofRegi st
eredAccount i
ngEducati
onT ut
ors
(RAETs
).T
hepr ogr
am ai mstoaugmentRAET ’sexis
ti
ngs cholars
hipprogr
amsandpr ovi
de
supporttofinanciall
ydes er
ving s
tudentsagai nstt
hei renrolment,r
egi
strat
ion,and
examinati
onfees
.Thr
oughStudentsF
inanci
alSupportpr
ogr
am enrol
mentandr egis
trat
ion
f
ees hal
lbedeferr
edforal
lel
igi
blest
udentsatPRC andCAFlevel
stobepayabl eatCF AP
l
evelini
nstal
ments
;andexaminati
onfeeswil
lbereducedsi
gni
fi
cantl
yforal
lf
ir
statt
empt s.

Theprogram woul
dtakesubs
tantialbur
denof ff
rom s
tudent
soff
inanci
all
ychal
l
enged
backgroundst
ocomplet
ethei
ri
nit
ialqual
if
icat
ionl
evel
s.

Speci
aldes
ksatRAETsandtheIns
ti
tut
ewil
lfaci
li
tat
eoperati
onali
zat
ionoft
heSFSpr
ogram
andIhopet hats
tudentsf
rom al
lbackgroundsfr
om allr
egionsofthecount
rywil
ltake
benefi
tandwouldbeencour agedt ooptCA quali
fi
cati
onwi t
hpr i
de.
 I
NTRODUCTI
ON
Surveysandcommuni cationsindicatethatmostRAETshavethei
rownfinancialai
dpr ogramsf or
academi cal
lybri
ghtandfinancial
lydeservi
ngCAs t
udents
.However,s
uchstudentsaresti
l
lrequir
ed
topayI CAPenr ol
ment,regis
trati
on,andexami nati
onfeeswhichcanbeadet er
rencef orsome
fi
nancial
lychal
lengedst
udent stojoi
ntheCApr ofes
si
on,evenwit
h100% f
reetui
tionfr
om RAET s
.

Theref
ore,‘
STUDENTSFI
NANCIALSUPPORT(SFS)
’hasbeens
etoutt
ocompl
ementt
hepr
ogr
ams
curr
entl
ybei
ngr unbyRAET
sindependent
ly.

ELI
GIBI
LITYCRI
TERI
A
1)Appl
i
cabl
efors
tudent
sat
tendi
ngt
uit
ionsatRAET
sfor
a.Pr
e-r
equi
si
teCompet
enci
es;
b.Cer
ti
fi
cat
einAccount
ingandF
inance;
c.Hands
-onCour
sesofPr
esent
ati
onandPer
sonal
Eff
ect
ivenes
s(PPE)andMSOf
fi
ce;and
2)S
tudent
shavi
ng,mi
nimum 70% orequi
val
entmar
ksi
nHS
SC orequi
val
entex
ami
nat
ions
;and
3)Ar
efi
nanci
all
ydes
ervi
ngasdet
ermi
nedbyRAET
;and
4)Haveal
r
eadybeenappr
ovedbyRAETf
or50% ormor
edi
scountont
uit
ionf
eeandot
her
char
gesofRAET
s;and
5)Ar
enotavai
l
inganyot
hers
chol
ars
hip/
fundf
rom I
CAP;and
6)Ar
erecommendedt
oICAPbyRAET
.

BENEFI
TSOFFEREDTOSTUDENTS
T
hes
uppor
tisbas
edont
het
wodi
scountbr
acket
s:
1) S
tudent
savai
l
ing50-
90% di
scount
sont
uit
ionf
eeandot
herchar
gesbyRAET
1.
1)Enr
olmentF
ee-PKR2,
500/
-(Remai
ningf
eewi
l
lbedef
err
edandpayabl
eint
hree
i
nst
alment
sdur
ingCF
APs
tage)
1.
2)Regi
st
rat
ionF
ee-PKR2,
000/
-(Remai
ningf
eewi
l
lbedef
err
edandpayabl
eint
hree
i
nst
alment
sdur
ingCF
APs
tage)
1.
3) PRC & CAFEx
ami
nat
ion/
Exempt
ionf
ee,oncef
oreachs
ubj
ectPKR1,
000/
-

2)S
tudent
savai
l
ingmor
ethan90% di
scount
sont
uit
ionf
eeandot
herchar
gesbyRAET
2.
1)Enr
olmentF
ee-PKR1,
500/
-(Remai
ningf
eewi
l
lbedef
err
edandpayabl
eint
hree
i
nst
alment
sdur
ingCF
APs
tage)
2.
2)Regi
st
rat
ionF
ee-PKR1,
000/
-(Remai
ningf
eewi
l
lbedef
err
edandpayabl
eint
hree
i
nst
alment
sdur
ingCF
APs
tage)
2.
3)PRC & CAFEx
ami
nat
ion/
Exempt
ionf
ee,oncef
oreachs
ubj
ectPKR500/
-

NOT
ES
i
) St
udent
sshal
lbeent
it
ledt
oavai
lonl
ysuchenr
olment/regi
st
rati
on/examinat
ionandexempt
ionf
eest
hatar
e
yett
obepaidtoICAPandnoretr
ospect
iver
eimburs
ements hal
lbeal
lowed.
i
i
)Deferr
edenrol
ment& r
egi
st
rat
ionf
eewil
lbepayablei
nthreeequal
ins
tal
lment
salongwit
hexaminat
ionf
ee
ateachsi
tt
ingoftheCFAPexam,st
art
ingfr
om thefi
rst
-ti
meappearanceattheCFAPexam.
i
ii
)Dis
countontui
ti
onfeeandotherchar
gesmeansdi
scountof
feredt
ost
udentsatPRC (
all
paper
s)and
res
pecti
vepapersatCAFs
tageincl
udi
ngHands
-onCour
sesofPPEandMSOff
ice.
RECOMMENDATI
ONPROCESSBYTHERAET
T
hef
oll
owi
ngi
sthemi
nimum i
nfor
mat
iont
hatwoul
dber
equi
r
edf
rom RAETunderacoverl
ett
er
1)F
orPRC as
ses
sment
s(al
lsubj
ect
s)
T
wos
epar
atel
i
stsofs
tudent
s(a)avai
l
ing50-
90% and(
b)mor
ethan90% di
scount
sont
uit
ionf
eeand
ot
herchar
gesbyRAETs
tat
ingact
ual
feeandot
herchar
gesf
eechar
gedbyRAET
.
2)F
orCAFl
evel
andHands
-onCour
ses(
pers
ubj
ect
)
T
wos
epar
atel
i
stsofs
tudent
s(a)avai
l
ing50-
90% and(
b)mor
ethan90% di
scount
sont
uit
ionf
eeand
ot
herchar
gesbyRAETs
tat
ingact
ualf
eeand ot
herchar
gesf
eechar
ged byRAETpers
ubj
ect
i
ncl
udi
ngHands
-onCour
ses
.
3)Evi
denceofper
for
mancei
nHS
SC orequi
val
entex
ami
nat
ions
.
4)Anunder
taki
ngf
rom Pr
inci
paloraut
hor
izedper
sonofRAETt
hatconf
ir
mst
heel
i
gibi
l
ityofeach
s
tudent
.