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Description
📘 CA PRC 1 – A Handbook of Fundamentals of Accounting (10th Edition)
As per ICAP Education Scheme 2025
By Dr. Hafiz Tahir & M. Sajid Shafiq (FCA)
Publisher: PAC – Ishfaq Publishing Company
🔍 Product Overview
CA PRC-01: A Handbook of Fundamentals of Accounting (10th Edition) is a comprehensive, exam-oriented study text designed strictly in accordance with the ICAP New Education Scheme 2025. This “one-window book” is specifically developed to meet the conceptual, practical, and assessment needs of PRC-01 (Fundamentals of Accounting) students.
The book combines clear theory, worked examples, ICAP-style exam questions, and MCQs with solutions, making it an ideal choice for both classroom learning and self-study.
✅ Salient Features – 10th Edition
- Fully updated as per ICAP Education Scheme 2025
- Structured according to ICAP’s competency-based learning framework
- Rewritten chapters for better conceptual clarity and logical flow
- Learning Outcomes provided at the start of each chapter
- Theory explained in easy bullet points with formats & illustrations
- Solved examples for practical understanding
- Practice questions, ICAP-style exam questions & MCQs with solutions
- Updated exam content reflecting 2025 testing methodology & marking trends
- Modernized layout for better readability and academic appeal
- Serves as both a complete study text and self-practice companion
📚 Contents
- Accounting Basics
- Books of Prime Entry
- Ledgers and Trial Balance
- Accruals and Prepayments
- Bad and Doubtful Debts
- Property, Plant & Equipment
- IAS 2 – Inventories
- Correction of Errors
- Bank Reconciliations
- Preparation of Financial Statements
🎯 Why Choose This Book?
- Perfect alignment with ICAP PRC-01 syllabus (2025)
- Strong focus on concept building & exam readiness
- Ideal for CA PRC students, accounting beginners, and foundation-level learners
- Trusted by students with a proven track record of ICAP distinctions & merits
👨🏫 About the Authors
Dr. Hafiz Tahir (PhD, FCA, ACCA-UK)
Dr. Hafiz Tahir is a highly respected accounting educator with 27+ years of teaching experience in Financial Accounting. He is a Fellow member of ICAP and ACCA-UK, and the author of 17 widely used accounting & finance books.
His students have achieved Gold Medals and Certificates of Merit in ICAP examinations.
Currently teaching: PRC-1, CAP-1 & CAF-5.
Other Notable Titles:
- PRC-1 Fundamentals of Accounting
- CAF-1 Financial Accounting & Reporting
Mr. Mohammad Sajid Shafiq (FCA)
Mr. Sajid Shafiq is a seasoned Fellow Chartered Accountant with 24+ years of post-qualification teaching experience. He is a permanent faculty member at The Professionals Academy of Commerce (PAC), Lahore.
Renowned for his concept-driven and student-friendly teaching style, his students regularly earn Certificates of Merit in ICAP exams.
Currently teaching:
- PRC-01 Fundamentals of Accounting
- CAF-01 Financial Accounting & Reporting
📌 Ideal For
- CA PRC-01 (Fundamentals of Accounting) students
- ICAP foundation & entry-level accounting students
- Accounting teachers & self-learners
- Exam-focused preparation under ICAP 2025 scheme
CONDITION
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