Weekly Updates:
CA Pakistan: INDUCTION ALERT: AFF & Co (Karachi Office Only) Feb 24th, 2016 to March 06th, 2016 http://www.affco.com.pk/Document/recruitment%20flyer.pdf CA Pakistan Job: 1 Asst. Manager Finance & Accounts 2 Account Executive 3 Chief Financial Officer 4 Qualified CA 5 Manager Internal Audit 6 Assistant Manager Financial Reporting 7 Audit Manager 8 Chief Financial Officer 9 Accounting Professionals(CA Inter) 10 Accounting Professionals(CA Inter)-Lahore 11 Manager Investment 12 Manager Accounts, Finance,Taxation 13 Chief Financial Officer and Company Secretary 14 General Manager Finance 15 Qualified Chartered Accountant 16 Head of Investment Banking 17 Associates – Investment Banking 18 Assistant Manager – Internal Audit 19 Chief Internal Auditor 20 Director Finance & Policy 21 Chief Financial Officer 22 Account Assistant 23 Director Finance 24 Trainee Officers 25 Management Executives 26 Chief Financial Officer 27 Manager Financial Reporting 28 Manager – Quality Assurance 29 Financial Specialist / Investment Specialist 30 Chief Financial Officer 31 Chief Internal Auditor 32 Management Assistant – Finance and Accounts (CA Inter) 33 Manager Internal Audit 34 Appointment of Paper Setters and Markers IFRS: IFRS – 2016 (Red Book) IFRS 2016 Red Book will be available in March, 2016. The new book will be shared with all GCA members as soon as possible. ACCA: Exemptions for CA Pakistan: The scholarship will allow ICAP, ICMAP and PIPFA students and members for the waiver of initial registration fees for 2016 and up to 9 papers exemptions fees for ICAP & ICMAP students & members and 5 papers exemptions fees for PIPFA students & members (depending on number of exemptions they receive based on their Qualification). Documents requirements are as follows: • CNIC (Smart Card) / Scan copy of passport/ Driving License/ Birth certificate in English/ or true translation of CNIC • Scanned copy of passport sized photograph • Scanned copy of the certificates of Module A, B, C, D, E and F • Scanned copy of all ICAP, ICMAP or PIPFA certificates • Scanned copy of Intermediate and Matriculation Certificates Documents are to be sent to [email protected]. Upon receiving the above documents, we will process these application for your ACCA registrations. These students are also required to indicate their first exam sitting for ACCA qualification as these students are required to prepare and sit for exams within 12 months from the date of registration. For more details contact [email protected] ECONOMY: 1. The Quarterly Performance Review (QPR) of the banking sector for the quarter ending December 31, 2015 released by State Bank of Pakistan (SBP) on Thursday revealed that the asset base of the banking sector has registered an increase of 4.6 percent. 2. The total liquid foreign exchange reserves of the country stand at dollars 20.333 billion, State Bank of Pakistan (SBP) said. An SBP's weekly statement here on Thursday said that the foreign reserves held by SBP on Feb 19, amounted $ 15,478.9 million and the net foreign reserves held by other banks were $ 4,854 mln 3. State Bank of Pakistan (SBP) on Thursday injected Rs221.6 billion into money market for eight days through its open market operation (OMO).The rate of return accepted is 6.07 percent per annum, said SBP. 4. Summit Bank, the private banking corporation has issued 700.6 million new shares at Rs10 each to Suroor Investment, bank's major sponsor ‘by way of other than right issue. 5. The Pakistan State Oil (PSO) here on Tuesday announced upswing in profitability for the first half of financial year 2015-16 (1HFY16), and it also announced an interim cash dividend of Rupees five per share 6. State Bank of Pakistan (SBP), Banking Services Corporation in collaboration with all SME stakeholders will hold Finance Mela in Multan on February 22. According to the Official sources, the basic objective of the event was to create awareness among SMEs regarding available products and services offered by financial Institutions and banks. ICMAP: Updated Jobs Vacancy Information https://www.icmap.com.pk/jobs/jvi_rpt_24022k16.pdf Newsletter Comments on Draft Companies Bill, 2015 https://www.icmap.com.pk/NewsDetail.aspx ICAP Updates:
http://www.icap.org.pk/wp-content/uploads/examdept/keydates/AFCandCAFProgramSpring2016.pdf AFC & FINAL (Summer 2016) http://www.icap.org.pk/wp-content/uploads/examdept/keydates/Summer2016Examinationsprogram.pdf
GCA Consultants Updates:
https://www.facebook.com/groups/gcaconsultants/
1.CA Pakistan (Study Packs) 2.CPA Pakistan (Study Packs) 3.CMA USA (MCQs) 4.ICAEW (Past papers and reporting manual) 5.Financial Reporting 6.Financial Management 7.Management Accounting 8.Forensic Accounting 9.Excel ebooks 10.Auditing 11.General Visit www.gcaofficial.org/ebooks IFRS Updates: 1st January, 2018 is the effective date of the new financial instruments Standard, IFRS 9 Financial Instruments.
ACCA:
GCA Updates:
New ebooks added: 1.Accounting for managers by Paul M Collier 2.Accounting for management by William H Webster CPA Visit: ICAP Updates: 1.CA Pakistan gets worldwide recognition. Click for updates. 2.ICAP Issued marking scheme for Winter 2015 attempt.Visit student login area at icap.org.pk IFRS Updates: 1.IFRS 2016 coming soon 2.WHATS NEW IN IFRS - 16The 2016 IFRS Standards (Red Book) includes Standards that have an effective date after 1 January 2016. This edition is presented in two volumes, Parts A and B, and includes the following changes made since 1 January 2015: • one new Standard—IFRS 16 Leases; • Change of Effective Date of IFRS 15; and • Change of Effective Date of Amendments to IFRS 10 and IAS 28. ICMAP Updates: News: 1. Invitation for Budget Proposals 2016-17 2. Job Vacancies Information (JVI) Report - February 07, 2016 Events: 1. ICMA Pakistan Central Region ~ Convocation 2015 2. Awareness Session on Companies Bill, 2015 at Lahore 3. IBC ~ 2 Days Workshop on Oracle General Ledger R-12 4. KBC ~ Seminar on “Be a CFO, the World is demanding" Notices for Students: 4. Circular ~ Schedule for Professional Competence Level Examinations-03 Visit https://www.icmap.com.pk for details. Job updates: 1.Chief Financial Officer (CFO) 2.Budget Controller 3.Chief Financial Officer 4.Chief Internal Auditor 5.Assistant Manager – Financing and Business Development Initiatives (Finance Division) 6.Chief Financial Officer 7.Manager Accounts (CA Finalist) 8.Management Assistant – Finance and Accounts (CA Inter) 9.Manager Accounts 10.Financial Data Analyst 11.Manager Internal Audit 12.Internal Auditor 13.Company Secretary 14.Deputy Manager/ Manager Finance 15.Taxation & Legal Affairs Executive 16.Member (Finance) 17.Managing Director 18.Deputy Manager / Manager Finance 19.Internal Auditor 20.Deputy Directors 21.Company Secretary 22.Company Secretary 23.Chartered Accountant 24.Chief Financial Officer 25.Advisors 26.Manager Finance & Accounts 27.Chief Financial Officer (CFO) 28.MANAGER 29.HEAD OF ADMINISTATION (SAFETY & SECURITY) 30.ASSISTANT MANAGER EDUCATION & TRAINING 31.ASSISTANT MANAGER (HYDERABAD) 32.ASSISTANT MANAGER TECHNICAL SERVICES 33.ASSISTANT MANAGER INTERNAL AUDIT 34.SENIOR OFFICER HUMAN RESOURCES 35.SECRETARIAL SUPPORT 36.ASSISTANT MANAGER (ABBOTTABAD) 37.Officer Examination 38.Internal Auditor 39.Appointment of Paper Setters and Markers BUSINESS UPDATES:
1. ICAP has announced Directors Training Program in Faisalabad, the fees for regular candidate is Rs. 150,000 and for ICAP members Rs. 120,000 2. Trade Development Authority of Pakistan (TDAP) has arranged participation of 12 exporters from agricultural sector in World Food Moscow exhibition to improve volume of trade with Russia. The other objective of the participation was to help exporters introduce and capture Russian market 3. Islamabad Chamber of Commerce and Industry (ICCI) organized a seminar on sales tax on services and inter-provincial harmonization in collaboration with the Association of Chartered Certified Accountants (ACCA) here on Wednesday. Atif Ikram Sheikh President ICCI in his welcome address said that positive changes were happening gradually in the tax system and stressed that government should make tax policies in consultation with trade bodies by addressing their key concerns on tax matters. It was stressed that SMEs should also focus on improving their financial management skills to deal with tax matters more effectively.The businessmen said that tax regime in Pakistan was complicated with multiple tax rates as taxpayers were paying almost 10 different taxes in addition to many indirect taxes. 4. The Consumer Price Index (CPI) based inflation rate during last month (January) witnessed an increase of 3.3 percent as compared to same month of last year. On month-on-month basis the CPI inflation however decreased by 0.2 percent in January as compared to the previous month, according to data released by Pakistan Bureau of Statistics (PBS). 5. The Senate Standing Committee on Finance, Revenues and Economic Affairs was informed on Thursday that Federal Board of Revenue (FBR) had collected Rs 180 billion during first half (July-December) of current fiscal year. An amount of Rs 135.3 billion was collected during same period of last year thus showing a growth of 32.6 percent 6. Mobile phone imports in Pakistan have reached US $ 375.063 million during first half (July-December) of current fiscal year, showing 7.9 percent increase as compared to same period of previous year. Total imports of mobile phone stood at US $ 347.564 million in same period last year. According to Pakistan Bureau of Statistics (PBS), overall telecom imports saw significant decline of 7.43 percent during July- December 2015-16 compared to the same period in last year and total imports were recorded at US$ 695.334 million compared to US $ 751.124 million in same period last year. 7. Total liquid foreign exchange reserves of the country stand at dollars 20.27508 billion, said State Bank of Pakistan (SBP).SBP's weekly statement here on Thursday said the foreign reserves held by State Bank on January 29, amounted $ 15,435.4 million and the net foreign reserves with other banks were $ 4,840.4 million 8. Pakistan Post has collected revenue of Rs3774.343 million in provision of various services including utility bills, collection of income tax on motors, provisional tax collection during fiscal year 2014-15.Official sources said the Pakistan Post has collected Rs347.413mn for collection of utility bills on behalf of various utilities companies ICAP UPDATES: 1. Changes in corporate law folder is attached with this email for all GCA members. 2. ICAP students who had obtained more than 40 marks in their December, 2015 attempt in any subject can apply for individual feedback related to their performance in the exam through ICAP student secured login. Fee for this facility is Rs: 6,600/-. This facility is available to first 50 students who will apply to ICAP per subject at C.A. Final (Winter Examinations – 2015) JOB UPDATES: Complete job details and updates are available at following link: https://www.facebook.com/media/set/?set=a.1109952349024309.1073742101.287347034618182&type=3&uploaded=61 |
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