Stages of CA | AFC | CAF

Stages of CA

There are 4 stages of CA. Before entering into CA. Students should must know What is CA? What are stages of CA. So we are here for new comers to tell them what actually is CA and what are its stages. 

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Stages of CA are following:

1. Assessment of Fundamental Competencies. (AFC)
2. Certified in Accounting and Finance. (CAF)
3. Certified Finance And Accounting Profession. (CFAP)
4. Multi-Subject Assessment. (MSA)

1. Assessment of Fundamental Competencies. (AFC):

When a new student enters in chartered Accountancy, he has first of all pass all papers of first stage (AFC). Which are Following:

• Functional English
• Introduction to Information Technology
• Business Communication
• Quantitative Methods Tecqniques

After passing all of above papers, Student will recieve a passing certificate of AFC. Then Student is eligible to enter in next Stage which is CAF. 

2. Certified in Accounting and Finance. (CAF):

After passing all the papers of AFC. Student can enter into next stage CAF. CAF is the stage where a student will come to know all the that what actually is the CA. Because all the Accounting and Financial Subjects are there. There are Totally 9 Subjects to pass. 

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Subjects of CAF are following;

• Introduction to Accounting 
• Introduction to Economics And Finance.
• Business Law
• Business Management and Behavioral Studies.
• Financial Accounting and Reporting 1
• Principles of Taxation 
• Financial Accounting and Reporting 2
• Cost and Management Accouting
• Audit and Assurance

When a Student will pass all of the above 9 subjects. Then, Students will join CA Firms for Training.