Society of Accounting Education

The Society of Accounting Education
Society of Accounting Education logo
Abbreviation	SOAE
Motto	"Study to Learn - So Many Things to Discover"
Industry	Accounting and Finance
Formation	August 2010 (August 2010)
Type	Professional association
Outreach	Global
Advisors	Dr. Jawad Saleem, FCFAc (Audit Head SKH) Muhammad Hussain, FCFAc (Ex-Dy Director ICMAP), Syed Ali Abbas Abidi, FCFAc (President RILM) Professor Hamid Ahmad Ghauri, FCFAc (Preston University Islamabad) Pakistan Roberto Mosingnori, FCFAc (Group Finance Manager) Italy Dr. Fred Chin Yuk Fong, FCFAc (Chairman Pine Academy) Malaysia High Prince Leye Bablola, FCFAc (Chairman ICCA) Nigeria Patricia Baker,FCFAc (Registrar CPIFM) United States of America Dr. Christian Lorenz, FCFAc (GIZ) Germany Professor Kenneth Yee Man Tse, FCFAc (HKACI) Hong Kong
Governor	Executive Council
President	Dr. Ansar Ali Noor, FCFAc, FCMA, M.Com, FCFM, DFCIMS, FPFA, FCT, DBA (Hon), DFIPDN, DFIPFM, FPA, IPA, MBA, CFC, FCMA, DCMA, FFCS, FFA, FCFIP, FCCA, FCMP
Coordinators	Zahid Ullah Mohmand Afghanistan, Professor Kenneth Yee Man Tse Hong Kong, Shahid Nadeem, Fahad Aslam Saudi Arabia, Kaleem Aslam Janjua, Noman Alam Khan, Yasar Mustafa, M. Rizwan Yaqoob, Ramesh Kumar Mandhwani, Waqas Mustafa, Abid Hussain Pasha United Arab Emirates, Lieutenant Colonel Aamir Mustafa, Mughis Ud Din United States of America Central Region: Zeeshan Mushtaq Lahore, Muhammad Hafeez Lahore, Aamir Javed Warraich (Legal Advisor) Lahore, Hafiz M. Tayyab Lahore, Waqas Siddique Samma Lahore, Zeeshan Hamid Sialkot, Muhammad Arshad Multan, Anwar Mahmood Khokhar Gujranwala, Saqib Ashal Gujranwala, West Region: Muhammad Nadeem Baig Faisalabad, Salman Javed Faisalabad, North Region: M. Umair Rabani Islamabad, Rawalpindi, Masroor Bashir Islamabad, Rawalpindi, Murad Hussain Wah Cantonment Zahid Ullah Mohmand Peshawar, South Region: Syed Ali Abbas Abidi Karachi, Iftikhar Baig Chughtai (Champion Coordinator) Karachi, M. Furqan Jangda Karachi, Shahzad Sarwar Raheem Yar Khan
Vice-President	Iftikhar Ali, Director CFAc Program
Secretary	Ghulam Nabi, FCFM, FCT
Members	378 *As at 31 December 2014
Status	Registered under the Societies Registration Act (XXI) of 1860
Office	E-146/2, Street #6, Yasrab Colony, Walton Road, Lahore Cantt. 54810, Punjab, Pakistan
Website	http://www.soae.edu.pk
Support	Ministry of Foreign Affairs - Islamabad, Embassy of the United Arab Emirates in Islamabad, Embassy of Saudi Arabia - Islamabad

The Society of Accounting Education (SOAE) is 'research oriented global administration body for Certified Financial Accountants'.^[1]

SOAE under licence issued by Registrar Joint Stock Companies, Government of Punjab, Pakistan has been established to promote comparative and international studies in the field of accountancy and Finance. SOAE is dynamic and forward thinking administration body who are actively involved in shaping the Profession.

The Society has international brand certification i.e. Certified Financial Accountant (CFAc). Salient benefits of Certified Financial Accountant Program include: Membership categories, with Practicing License, globally distributed, quarterly The Financial Accountant Journal, access to an international network of branches and with reciprocal affiliated bodies, continuing professional education (CPE) seminars, forums, conferences and lectures, networking opportunities at CPE in national and international events, SOAE has more than 14 MOUs with local and sound credible international institutes and universities, low educational cost as compare to CA/ACCA/ICMAP/CIMA, and online exams system.

CFAc Program

Certifications awarded as per International standards are competency based, prior recognition of learning and on the academic achievements under the criteria defined in the bye-laws of the Society.

Objectives of the Society

To promote the accounting education through increasing the knowledge, skills and proficiency of the organization’s members and students.
To protect and promote the Organization’s welfare and interest.
To develop and implement the means for testing the qualification of the candidates for admission to the Society.
To maintain and advance the continued fitness and competency of members to practice accountancy by means of Continuing *Professional Education and Professional Development.
To be informed of contemporary issues concerning to accounting and auditing standards, taxation updates, management consulting practices, financial planning, statutory regulations and topical concerns.
To ensure that the members of the Society adhere to the highest international standards of professional expertise in knowledge, skills, judgement, decision making and integrity to protect and serve the interest of the public.
This is the unique education program has been developed keeping in view the accounting issues / problems being faced practically in the private and public sector, therefore, Society will initially offer Certified Financial Accountant Program.
The full memberships / designation will be awarded after analyzing curriculum vitae, including the educational background, professional and work experience of the applicant, as well as requests for prerequisite course exemptions, may be submitted to the President of the Society.
The Society will award the Membership as Associate (ACFAc)/Fellow of Certified Financial Accountant (FCFAc).
The Society will supervise and regulate the accountancy profession and to promote the highest standards of professional and business conduct, and to enhance the quality of services, offered by professional accountants in Pakistan.
The Society will launch various certificate / diploma courses according to the market demand, time to time.^[2]

Professional Standing

The Society has mutual recognition agreements with international and professional institutes. Pebble Hills University is recognized by The Society of Accounting Education, Pakistan.^[3] IICFIP partners with the SOAE - Pakistan for mutual recognition of forensic accounting and other forensic qualifications.^[4] Therefore, 'the courses run by HKACI accredited tuition centers are recognized by IICFIP (USA), Society of Accounting Education (Pakistan)..'.^[5] The Society CFAc Certificate is attested by MOFA Pakistan and UAE. Recently CFAc members having B.com degree got 5 exemptions in CIMA.

IFAC published CFAc First Convocation 2015

International Federation of Accountants covered CFAc First Convocation 2015 on their MOSAIC website http://www.ifac.org with headline. Pakistan: First Convocation of CFAc - Graduates Urged to Work Hard to Fill Gap of Professionals in Market. The news made available on the link Home > MOSAIC > Country List > Pakistan. ICMAP designated acting President, Mr. Ziaul Mustafa Awan honoured the occasion as Chief Guest and conferred Medals and Certificates of Membership to SOAE graduates. Souvenir was presented to ICMAP Noble Chief Guest by SOAE President.

Accounting

Historical cost Constant purchasing power Management Tax
Major types Auditing Cost Forensic Financial Fund Governmental
Auditing Financial Internal Firms Report
People and organizations Accountants Accounting organizations Luca Pacioli
Development History Research Positive accounting Sarbanes–Oxley Act
Business portal

Notes

1. Society's Coat-of-Arms is a rising sun and depicts spreading rays of knowledge.

2. The Writer is an Associate Member of Certified Financial Accountant, a Silver Medal Winner from the Society. Readers can follow him on twitter @MasroorBasheer

References

1. Society of Accounting Education: Dmoz Pakistan

2. Objective. 2014. Objective. [ONLINE] Available at: http://www.soae.edu.pk/new/index.php/home/objective. [Accessed 10 December 2014].

3. PHU recognized by The Society of Accounting Education, Pakistan | Pebble Hills University - A Truly International University. 2014. PHU recognized by The Society of Accounting Education, Pakistan | Pebble Hills University - A Truly International University. [ONLINE] Available at: http://pebblehills.edu/newsandevents/phu-recognized-by-the-society-of-accounting-education-pakistan/. [Accessed 10 December 2014].

4. News. 2014. News. [ONLINE] Available at: http://iicfip.org/index.php/news/. [Accessed 10 December 2014].

5. Mission. 2014. Mission. [ONLINE] Available at: http://www.hkaci.org/index.php/mission. [Accessed 10 December 2014].

External links

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