Karachi(Cliff News)The Institute of Chartered Accountants of Pakistan (ICAP), in collaboration with Unilever Pakistan, is organizing National Finance Olympiad (NFO) for the fifth consecutive year. It is the flagship event of the Institute and is one of the biggest Finance Competitions in the country. The competition attracts finance professionals participating as teams, from industry, firms and educational institutes from across Pakistan and UAE.The competition is divided into three rounds spread over two weeks beginning with the Qualifying Round where teams attempt a 2-hour competitive online test, revisiting their concepts and technical knowledge. The top successful teams then progress to the Assessment and Simulation Round based on case study and other competitive activities competing to secure position in the top 6 teams advancing to the Grand Finale.The Finale features top 6 teams as they go through a Debate Round evaluated by a senior jury panel and a Buzzer Round testing the teams agility and knowledge. The team with the best performance in these Rounds is given the title of National Finance Champions for the year. The winning team is recognized both within Pakistan and internationally.This year 52 teams are set to compete in the Qualifying Round to be held on December 12, 2019. The Assessment and Simulation Round is scheduled for December 17 and the Grand Finale on December 19.NFO is an initiative of the Professional Accountants in Business (PAIB) Committee of ICAP that works for the professional development of Chartered Accountants and finance fraternity at large. It is a unique initiative by ICAP providing a distinctive platform to finance professionals working in industry and firms to come together, compete and celebrate their competence. It aims to exhibit and celebrate the talent of finance professionals in Pakistan while providing a networking opportunity to meet the bright young minds of the profession.
The Institute of Chartered Accountants of Pakistan (ICAP) is a professional body of Chartered Accountants in Pakistan, and symbolizes finance professionals engaged in public practice, business and industry. The Institute of Chartered Accountant of Pakistan (ICAP) was established on 01 July 1961 with the prime objective of regulating the profession of accounting in Pakistan. ICAP offers great services to the nation by fostering and nurturing the young talent for leadership through its robust education and examination system throughout the years producing high caliber professionals. ICAP envisions preparing dynamic and state-of-the-art ‘Business Leaders’ for the 21st Century, capable of addressing the challenges being faced by the Corporate Sector of Pakistan and globally.