career counselling booklet bos19287

8/10/2019 Career Counselling Booklet Bos19287

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The Institute of

Chartered Accountants of India

Global CareerEndless Opportunities


CHARTEREDCHARTERED

ACCOUNTANCYACCOUNTANCY


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17

Students who have appeared for/passed class XII exam

can appear for the Common Proficiency Test (Entrance Exam)

held twice a year (June & December)

For more details, contact:

Be the Brightest & Bestin the World,

be a

CharteredAccountantA highly affordable course

for all !

Board of StudiesICAI Bhawan, A-29 Sector-62

Noida - 201 309 Distt. Gautam Budh Nagar (UP)Phone 0120 - 3045 930 E-mail: [email protected]

The Institute of


Set up by an Act of Parliament

www.icai.org


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President'sMessage

President'sMessage

Chartered Accountancy is a dynamic and promising

profession. Over a period of time there has been a

paradigm shift in the role of a Chartered Accountant.

Gone are the days when a Chartered Accountant's domain was restricted only to

Accountancy, Audit and Taxation. The Chartered Accountants today have proved their

expertise in the fields of management consultancy services, risk management, corporate

governance, strategic management and other areas of strategic importance. Withdismantling of trade barriers and advancements in information technology, the world has

become a global village. Globalization has brought to the forefront numerous opportunities

for CAs in the areas of National and International taxation, Finance and Corporate Laws.

It is my firm belief that by opting for CA Course, you can surely embark on a satisfying

professional career that will help you to reach great heights. The Institute is always very

proactive to provide you myriad opportunities to achieve your goals. It organizes Career

Counselling Programmes to guide you to choose a career path that is most suitable to your

abilities, interest and aptitude. This Booklet Chartered Accountancy - Global Career andEndless Opportunities is also a step in this direction. This booklet contains relevant

information about, the course contents of the CA course, different entry gateways to the

profession, practical training and various opportunities available to students once they

become professional CAs. This booklet will surely help students in to making right career

choices.

I extend my best wishes to all the students who are all set to undertake CA Course as their

career option. I would also like to acknowledge assiduous efforts of Board of Studies for

playing a pivotal role in fulfilling and shaping the professional needs and growth of ourstudents.

Wishing you all a fulfilling career,

Yours sincerely,

CA K. Raghu

President, ICAI


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Vice President'sMessage

Vice President'sMessage

Chartered Accountancy has become one of the mostpromising professions in India. There were times whenthe word Chartered Accountant was synonymous

with the term book-keeper and the realm of Chartered Accountant was confined toAccounts, Audit and Taxation. In the present times, there is no field where CharteredAccountants have not diversified whether it is Portfolio Management, Risk Management,Business Planning, Information System Audit or Environment Audit. In fact, with greater

synthesis of the world economy, the role of Chartered Accountants has become broader andmore demanding. The demand for CAs is increasing at an amazing rate. Fresh qualified CAsare easily absorbed in the industry. The Institute offers campus placement opportunities tothe newly qualified chartered accountants. Besides, opportunities of self-practice alsoexist.

In the present scheme of education and training, there are two routes to enter theChartered Accountancy course Common Proficiency Test (CPT) route and Direct Entryroute. If a student wishes to join the CA course earlier in life, he can register for CommonProficiency Course after passing class tenth examinations. However, he can sit for CPT afterappearing for 10+2 examination. Having passed CPT, the student gets admitted to theChartered Accountancy Course which comprises of theoretical education and practicaltraining of three years. Graduates/post graduates with specified marks and intermediatepassed students of the Institute of Company Secretary of India and Institute of CostAccountants of India can directly enter the CA course. During the CA course, the student isalso imparted other technical and soft skills related to Information Technology, GeneralManagement and Communication Skills. The exhaustive theoretical education andpractical training help in proper grooming of the budding professionals.

I am pleased that the Board of Studies has brought out revised version of the booklet 'Chartered Accountancy - Global Career Endless Opportunities', giving pertinent details ofthe Chartered Accountancy Course and the opportunities available to the qualifiedChartered Accountants. I am sure this booklet will educate students about the glorifiedworld of Accounting Profession and help them in making right career choices.

I appreciate the efforts put in by the officials of the Board of Studies in getting this bookletpublished.

Wishing the students all the bestYours sincerely,

CA Manoj FadnisVice President, ICAI


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ChairmansMessage

ChairmansMessage

The CA Profession is very dynamic, challenging and

remunerative. The profession is growing fast and it has

spread out its wings in the wide horizon. The Chartered

Accountants play a very important role in the society by providing reliable and correct

information to stake holders, regulatory and to the Society at large . The Chartered

Accountants today are performing multifarious roles in the fields of business finance,

information technology, corporate management, risk management and corporate law etc.in addition to the conventional role in the realm of accounting, auditing and taxation.

Hence, the opportunities for the accounting professionals are vast and wide.

The Institute values its students and it strives to provide them the best infrastructure,

scholastic opportunities and exposure that would sharpen their skills and shape them into

world class professionals. This booklet Global Career, Endless Opportunities has been

brought out by the Board of Studies of ICAI to provide students with the pertinent

information about the CA course and the opportunities available to them once they

become members of this prestigious profession.

I am very happy that the Board of Studies of our Institute is bringing out a revised version of

the booklet Career Counseling Booklet - Global Career, Endless Opportunities. The booklet

will certainly serve as a repository for students aspiring to become Chartered Accountants.

The Institute would also organize Career Counseling Programmes so as to create awareness

about the importance of CA qualification among the students and guide them to join CA

Course. A Placement Cell is already in established to assist students in finding suitable

company.

I extend my best wishes to all the students who wish to do CA Course and do hope that they

will achieve great success in their set goal. I would also like to acknowledge Board of Studies

for taking such a pro-active initiative.

Yours sincerely,

CA M. Devaraja Reddy

Chairman, Board of Studies, ICAI


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Vice ChairmansMessage

Vice ChairmansMessage

With the onset of globalization, the world has

become a village. Cross border transactions are

being carried out with ease and there is relatively

free flow of goods, services and people. With dismantling of trade barriers the work arena of

professionals like chartered accountants has widened substantively. The Chartered

Accountants today have much more important and varied roles to perform compared with

yesteryears. These include areas like international taxation, international law, strategicfinancial management, corporate law, risk management, environment audit besides their

traditional roles in areas of financial reporting, audit and domestic taxation.

The KPOs, banks, industrial houses, service industry, and research institutions among many

others seek out professionals who will take their businesses to higher levels of performance.

The Chartered Accountant becomes their obvious choice. A student of Chartered

Accountancy course gets exposure in diverse subjects like, Accounts, Audit, Finance,

Taxation, Management, Law and Technology which no other course offers. The unique

combination of theoretical and practical training trains students in the rigors of theprofession and readies him to face the challenges of the business world.

If you are looking at fulfillment, independence, respect, name and fame and a challenging

career, this is the apt course for you. The Board of Studies has brought out the revised

version of the booklet _ Global Career, Endless Opportunities. The booklet contains all

pertinent details about the CA course and the opportunities available to the Chartered

Accountants. Anybody looking for the relevant information will find the booklet quite

useful and helpful. I extend my appreciation to the BOS staff for bringing out this useful

publication.

Wishing you a fulfilling career,

Yours sincerely,

CA Prafulla Premsukh Chhajed

Vice Chairman, Board of Studies, ICAI


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The Institute ofChartered Accountants of India

The Institute ofChartered Accountants of India

The Institute of Chartered Accountants of India (ICAI)

is a statutory body established by an Act of Parliament

viz., The Chartered Accountants Act, 1949 (Act No.

XXXVIII of 1949) for regulating the profession of

Chartered Accountancy in the country. The Institute,

which functions under the administrative control of

Ministry of Corporate Affairs, Government of India,

has five Regional Councils and 146 branches covering

the length and breadth of the country. In addition, it

has also set up chapters outside India. It also has an

office in Dubai. Founded 65 years ago with just 1,700

members, the Institute has grown to cross the mark of2,40,000 members and about 8 lakh students as of

now. A significant majority of our membership is in

practice, with a good deal of specialisation in

traditional areas of direct/indirect taxes and in

emerging areas, inter-alia, in financial services,

information technology, insurance sector, jointventures, mutual funds, exchange risk management,

risk and assurance service, environment/energy/

quality audits, investment counselling, corporate

structuring and foreign collaborations. Those in

employment, occupy senior positions such as CMDs in

Banks/Financial Institutions, CEOs in leading and

reputed public/private sector companies, etc.

CHARTERED ACCOUNTANCYGlobal CareerEndless Opportunities


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of Studies

The Boardof Studies

The Board

The is the premier educational wing of the Institute. TheBoard of Studies

mission of the Board of Studies is to provide a strong foundation of knowledge,

skills and professional values that enables students to grow as wholesome

professionals and adapt to change throughout their professional career.

Preparation and continuous revision of comprehensive study materialsincluding practice manuals covering all the subjects prescribed for study

under the CPT, Inter (IPC) and Final Courses.

Preparation of Suggested Answers, Revision Test Papers, Periodical

supplements, Model Test Papers, Mock Tests etc. on a regular basis.

Organizing oral coaching classes for all the levels of CA course.

Publication of booklets on various aspects of self-development such as

personality development, public speaking, communication skills,preparing for CA examinations, time and stress management, etc.

Preparation of e-learning and web-based learning materials such as

electures, interactive CDs on topics relevant to CA curriculum and Web

casts.

Counselling students through correspondence, e-mail as well as personal

discussions.

Administration of need-based, merit-based, merit-cum-need based andendowment scholarship schemes for the students.

Entering into MOUs with Indian universities/overseas accounting bodies

for working out mutually beneficial schemes.

Publication of monthly Journal 'The Chartered Accountant Student' and

its distribution (including preparation of regular features such as

academic update/articles/case study/quiz contest, etc. for the Journal).

Organization of National and International convention of CA students,one day/two day seminars, elocution contests, quiz contests, joint

seminars with universities, etc.

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1. Entry Level Test Common Proficiency Test

2. First Stage Intermediate (Integrated Professional Competence) Course

3. Final Stage Final Course

CA Course CurriculumCA Course Curriculum

During the CA Course duration, students are imparted technical skills through 100 hoursInformation Technology Training and Advanced Information Technology Training andinterpersonal skills through 35 hours Orientation Course and two General Managementand Communication Skills Courses.

Students can pursue Chartered Accountancy course either through Common ProficiencyTest (CPT) route or through Direct Entry Scheme, introduced from August 1, 2012.

CPT Route

For a student coming through CPT route, there is a three tier structure:

Requirements for Becoming a Chartered Accountant:Through CPT Route

thEnrol with the Institute for Common Proficiency Course (CPC) after passing class 10examination.

After completion of specified period (60 days) from the date of registration for CPCwith the Board of Studies and after appearing in 10+2 examination, appear and pass inCPT.

Enrol for Group I or Group II or for both Groups of Intermediate (IPC) Course. Complete Orientation Course of one week spanning 35 hours, necessarily before joining

the Practical Training. Complete 100 hours Information Technology Training (ITT) necessarily before joining

the Practical Training. Appear in Intermediate (IPC) Examination on completion of eight months of study

course as on first day of the month in which the examination is to be held Join Practical Training after passing either Group I or both groups of Intermediate (IPC)

Course. Complete First General Management and Communication Skills (GMCS) course

(15 days) during the first year of practical training. Complete Second General Management and Communication Skills (GMCS) course

(15 days) after completion of 18 months of practical training but before completion ofpractical training.

Clear Group II of Intermediate (IPC) Examination if not done earlier. Register for CA Final Course and prepare for CA Final Examination.

Two Entry Routes to CA CourseTwo Entry Routes to CA Course

CHARTERED ACCOUNTANCY7


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Complete Advance Information Technology Training during the third year of practicaltraining but before appearing in the Final Examination.

Complete Practical Training of three years. Appear in the Final examination on completion of the practical training or while

serving last six months of articled training on or before the last day of the month

preceding the month in which the examination is to be held. Pass Final examination and complete GMCS II, if not completed earlier. Enrol as a member of the ICAI and be designated as Chartered Accountant.

Requirements for Becoming a Chartered Accountant:Through Direct Entry SchemeI. Commerce Graduates/Post-Graduates (55%)

or Other Graduates/Post-Graduates (60%) Enrol with the Institute for Intermediate (Integrated Professional Competence) Course

for both groups. Complete 35 hours Orientation Course spanning one week and 100 hours Information

Technology Training (ITT). Register for Practical Training of three years. Complete General Management and Communication Skills (GMCS)-I Course during

first year of practical training Appear in Intermediate (Integrated Professional Competence) Examination after nine

months of Practical Training and Study Course of eight months concurrently from thedate of registration for the Intermediate (Integrated Professional Competence) Course.

Appear and pass in both groups of Intermediate (Integrated Professional Competence)Course. Register for CA Final Course and prepare for CA Final Examination. Complete General Management and Communication Skills (GMCS)-II Course (15 days)

course while serving the last 19 to 36 months of articled training. Complete Advance Information Technology Training during the third year of practical

training but before appearing in the Final Examination. Complete three years period of Practical Training. Appear in the Final Examination while serving last six months of practical training on or

before the last day of the month preceding the month in which the examination is to be

held. Pass Final examination. Enrol as a member of ICAI and be designated as Chartered Accountant.

II. Candidates who have passed Intermediate level examination of The Institute ofCompany Secretaries of India and The Institute of Cost Accountants of India

Enrol with the Institute for Intermediate (Integrated Professional Competence) Courseeither for Both Groups or Group I.

See bullet point 4 onwards of 1 above (CPT route) for rest of the scheme.

A students who wants to pursue the Accounting Technician Course (ATC) has to enroll for Group-I ofthe Inter (IPC) Course. After successfully completing 35 hours Orientation Course, 100 Hours ITT andeight months of Study Course, he/she can appear for ATE. After passing ATE, he/she needs to undergoone year of work experience under a CA to get the certificate of Accounting Technician.


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Common Proficiency TestEntry Level Test

Common Proficiency TestEntry Level Test

Scheme

th Pass Class 10 Examination. Register with Board of Studies for Common Proficiency Test and collect

study material.

Appear in Senior Secondary Examination (10+2) and pursue studies forCPT simultaneously.

Eligible to Appear in Common Proficiency Test after completion ofspecified period (60 days) of registration and after appearing in SeniorSecondary Examination (10 + 2).

Common Proficiency Test is held in the months of June and Decemberof every year.

SubjectsSession - ITwo Sections - Two hours - 100 Marks

Section A - Fundamentals of Accounting (60 Marks)

Section B - Mercantile Law (40 Marks).

Session - IITwo Sections - Two hours - 100 Marks

Section C - General Economics (50 Marks)

Section D - Quantitative Aptitude (50 Marks).

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A student, after clearing CPT may register for Intermediate (Integrated ProfessionalCompetence) [Intermediate (IPC)] Course. Alternatively, graduates and post-graduates orIntermediate passed out students of the Institute of Company Secretaries of India or theInstitute of Cost Accountants of India with specified marks may directly register forIntermediate (IPC) Course. During Intermediate (IPC) Course a student has to undergo a

study course of eight months. Simultaneously, he has to do 35 hours Orientation Course and100 hours ITT. Graduates and Post-Graduates joining Intermediate (IPC) Course directlyhave to concurrently complete 8 months of study course and 9 months of practical trainingbefore appearing for Intermediate (IPC) examination.

SubjectsGroup I

Paper - 1: Accounting (100 Marks)

Paper - 2: Business Law, Ethics and Communication (100 Marks) Part - I: Law (60 marks) comprising Business Laws (30 Marks) and Company Law (30 Marks) Part II: Ethics (20 Marks) Part - III: Communication (20 Marks)

Paper - 3: Cost Accounting and Financial Management (100 Marks) Part - I: Cost Accounting (50 Marks)

Part - II: Financial Management (50 Marks)

Paper - 4: Taxation (100 Marks) Part - I: Income Tax (50 Marks) Part -II: Service Tax (25 Marks) and VAT (25 Marks).

Group II

Paper - 5: Advanced Accounting (100 Marks)

Paper - 6: Auditing and Assurance (100 Marks)Paper - 7: Information Technology and Strategic Management (100 Marks) Part - I: Information Technology (50 Marks) Part - II: Strategic Management (50 Marks).

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(Integrated ProfessionalCompetence) CourseFirst Stage

IntermediateIntermediate(Integrated ProfessionalCompetence) CourseFirst Stage


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Final CourseFinal Course

A student, after clearing Intermediate (IPC) Course joins the Final Course.

SubjectsGroup I

Paper - 1: Financial Reporting (100 Marks)

Paper - 2: Strategic Financial Management (100 Marks)

Paper - 3: Advanced Auditing and Professional Ethics (100 Marks)

Paper - 4: Corporate and Allied Laws (100 Marks)

Section A: Company Law (70 Marks)

Section B: Allied Laws (30 Marks).

Group II

Paper - 5: Advanced Management Accounting (100 Marks)

Paper - 6: Information Systems Control and Audit (100 Marks)

Paper - 7: Direct Tax Laws (100 Marks)

Paper - 8: Indirect Tax Laws (100 Marks)

Section A: Central Excise (40 Marks)

Section B: Service Tax & VAT (40 Marks)

Section C: Customs (20 Marks).

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EnhancingProgrammeSkills

EnhancingProgrammeSkills

Orientation Programme With a view to groom and motivate the entrants to be good professionals, the

Orientation Programme has been made an integral part of the CA Course

curriculum.

Programme is of 35 hours duration spread over 5 to 7 days.

100 Hours Information Technology Training 100 hours Information Technology Training (ITT) is an integral part of the CA

course curriculum.

Training focuses on the application softwares relevant for Accounting and

Auditing.

Compulsory to complete Orientation Programme and ITT before joiningArticled Training.

Three Years' Practical Training The unique requirement of practical training is instrumental in shaping a

well-rounded professional to ensure that students have an opportunity to

acquire on-the-job work experience of a professional nature. Such a practical

training. Inculcates a disciplined attitude for hard work.

Develops necessary skills in applying theoretical knowledge to practical

situations.

Provides exposure to overall socio-economic environment in which

organizations operate, and

Develops ethical values.

During the training, articled trainees get exposures to a wide array of fields,namely, Accounting, Auditing, Taxation, Information Technology and

Management services. The entire period of practical training can be served with a

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practicing member or it can be served partly with a practicing member and partly

in an approved industrial establishment as Industrial Training.

Two Courses on General Management &Communication Skills (GMCS) Two 15 days full time Courses on General Management and Communication

Skills equip the entrants to the profession with interpersonal and

management skills.

GMCS-I shall be undergone during the first year of practical training.

th th

GMCS-II shall be undergone during 19 36 months of practical training (forst

students registering for practical training on or after 1 May, 2012)

Prerequisite for membership enrolment of the Institute. Students who undergo the four weeks Residential Programme on Professional

Skills and Development are exempted from attending the GMCS-II.

Advanced Information Technology Trainingst

Students registering for practical training after 1 August, 2012 are required

to undergo Advanced ITT also.

Advanced training to be completed during the third year of practical trainingbut before appearing in the Final examination.

Four Weeks Residential Programme on

Professional Skills Development To imbibe the professional skills required for effective functioning in business

organizations and the profession, the Board of Studies organises four weeks

Residential Programme at Centre of Excellence, Hyderabad.

This programme offers a unique opportunity and focuses on development of

communication skills, leadership skills, personal traits as well as technical skills

for effective functioning in business organizations and profession.

All students who have passed Chartered Accountancy Final or

IPCC/PCC/Intermediate (IPC) examination and are pursuing third year of

practical training or have completed practical training may join the course.




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Fees and FinancialAssistance

Fees and Financial

ScholarshipsThe Institute grants various scholarships to students namely, Merit, Merit-cum-

Need based and Need based and Weaker-sections scholarships out of the funds of

Institute and Endowment Schemes created by individual donors/trustees/

societies.

Fee ExemptionFees exemptions/concessions are also given to different categories of CA students

like differently abled students, children of military and para-military forces who

have lost either of their parents in action and meritorious students.

Course Amount

Common Proficiency Test (CPT) Registration Fee `6,000

Intermediate (Integrated Professional Competence) Course(Both Group) Registration Fee `9,000

Articled Training Fee `2,000

Final Course Registration Fee `10,000

100 Hours Information Technology Training `4,000

35 Hours Orientation Programme `3,000

GMCS I `5,500

GMCS II `5,500

Total `45,000

Broad Fee Structure

Assistance

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Accounting TechnicianCourse (ATC)

Accounting TechnicianCourse (ATC)

A candidate may opt for Accounting Technician Course. It is to be noted thatGroup I of Intermediate (IPC) Course is equivalent to ATC. A candidate who doesnot wish to complete erstwhile Intermediate/PE-II/PCC/IPCC can opt for ATC.

How to become an Accounting Technician? Enrol with the Institute for Common Proficiency Test (CPT) after passing class

th10 examination

Appear in CPT after appearing in the senior secondary examination (10+2examination)

Enrol for ATC Successfully complete eight months of study course from the date of ATC

registration

Successfully complete Orientation Course of one week spanning 35 hours Successfully complete 100 hours Information Technology Training (ITT) Appear and pass Accounting Technician Examination (ATE) Successfully complete one year work experience under a chartered

accountant in practice or in industry Designate as Accounting Technician.

Options to pursue CA,after becoming an Accounting Technician Enrol for Group II of Intermediate (IPC) Course Register as an Articled Assistant for a period of three years Appear and pass Group-II of Intermediate (IPC) Examination comprising of

three papers Register for CA Final Course and prepare for CA Final Examination Undergo 15 days GMCS-I during the first year of practical training.

Undergo 15 days General Management and Communication Skills (GMCS-II)th thcourse between 19 36 months of practical training Complete three years period of articled training Appear in the Final Examination while serving last six months of practical

training.

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Accounting Technician Course (ATC)Accounting Technician Course (ATC)

Pass final examination and complete GMCS-II, if not completed earlier Enrol as a member of ICAI and designated as Chartered Accountant.

Subjects

Paper - 1 Accounting (100 Marks)Paper - 2 Business Law, Ethics and Communication (100 Marks)Paper - 3 Cost Accounting and Financial Management (100 Marks)Paper - 4 Taxation (100 Marks).

THE ICAI EDGE

No entry barriers

Affordable course

All embracive accounting curriculum

Equipping with best managerial & soft skills World class education, training & examination

systems

Rigorous training coupled with latest IT

techniques

3 years of hands on experience with stipend

Professional advancement, personal growth,

excellent prospects.

Candidates exempted from qualifying the Common

Proficiency Test (CPT) and eligible for direct

admission to the Intermediate Course are:

Graduates and Post Graduates in Commerce with

an aggregate of 55% marks

Non-Commerce students with an aggregate of

60% marks

Intermediate level pass at The Institute of Cost

Accountants of India or The Institute of Company

Secretaries of India examination.

DIRECT ENTRY SCHEME

Every aspiring CA is polished

to perfection by the stringentcurriculum combined with

hands-on experience, and

made to sparkle.

Little wonder, the eminent positions in

Government, Judiciary, Banks, Financial

Institutions, Regulatory Bodies,Industry and Prestigious Corporate

Houses are occupied by CAs.


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A Chartered Accountant is a professional whounderstands the areas of accounting, auditing,

corporate finance, project evaluation, company and

other business laws, taxation and corporate

governance. The multi-faceted knowledge aChar te red Accoun tan t pos ses ses th rough

comprehensive academic curriculum blended with

unique practical training is what the business and

industry need with the advent of liberalisation,privatization and globalisation. No wonder the final

product is a valuable asset not just for the nation but

for the world as well.

ICAI offers:

World besteducation system

Comprehensivecurriculum

Rigorous training

Practicalhands on experiencecoupled with latest IT Techniques

Bestof managerial & soft skills

A cut above the rest

Indian Chartered Accountantsare the best

A cut above the rest

Indian Chartered Accountantsare the best

CA - ENR CH NG THE NAT ON THROUGH PROFESS ONAL EXCELLENCE

For more details log on to www.icai.org

MAKINGOUR CAs A CLASS OF MATCHLESS PROFESSIONALS

SCALING NEW HEIGHTS OF EXCELLENCE

The Institute of




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The Institute of



www.icai.org

MAKINGOUR CAs A CLASS OF MATCHLESS PROFESSIONALS

SCALING NEW HEIGHTS OF EXCELLENCE


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The Association of Indian Universities (AIU) recognises CharteredAccountancy Qualification with graduation as equivalent to PostGraduate Degree or allied disciplines in Commerce for pursuing Ph.D.Programme.

One Hundred and Two Indian Universities/Indian Institutes ofManagement/IIT Madras have also recognised Chartered AccountancyQualification as equivalent to Post Graduation for admitting the CAstudents to the Doctoral Programme.

Eligibility of the Chartered Accountants

to appear in Civil Service ExaminationChartered Accountants are eligible for admission to the Civil ServicesExamination, conducted by the Union Public Service Commission forrecruitment to IAS, IPS and other Group 'A'/Group 'B' Central Services/Posts.

Special Weightage to CA Course in IIM Bangalore

Chartered Accountancy is the only professional course which is givenspecial weightage while admitting candidates to the Indian Institute ofManagement Bangalore.

CA Course RecognitionFor Post Graduation Courses/Civil Services Examination

CA Course RecognitionFor Post Graduation Courses/Civil Services Examination


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National & International

MOU/MRA/Joint Declarations/Licence Agreements

with International Accounting OrganisationsThe Institute has entered into a Memorandum of Understanding (MOU) and a Mutual

Recognition Agreement (MRA) with various International Accounting bodies andInstitutions on how ICAI members can get reciprocal membership and other

professional advantages...

The Institute of Chartered Accountants of England and Wales (ICAEW)

Certified Public Accountant, Australia (CPAA)

Institute of Chartered Accountants of Australia (ICAA)

Certified Public Accountants in Ireland (CPA Ireland)

Canadian Institute of Chartered Accountants (CICA)

Higher Colleges of Technology, Ministry of Higher Education and ScientificResearch, UAE

University of Djibouti

The Bahrain Institute of Banking and Finance

Information System Audit & Control Association (ISACA)

The New Zealand Institute of Chartered Accountants (NZICA)

Association of International Accountants, UK

The Vietnam Association of CPAs

The AASB of Bhutan.

Memorandum of Understanding with Indian UniversitiesThe Institute has entered into MOUs with some Indian Universities to enable its

Members and students to pursue BCom/MCom/BBA/MBA Courses of these

Universities. These are...

Indira Gandhi National Open University (IGNOU)

Bharthiar University

University of Madras.

For details regarding MOUs, please visit Institute's websitewww.icai.org

Memorandum of UnderstandingMemorandum of UnderstandingNational & International

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Chartered Accountants

Opportunities for

Chartered Accountancy - A Challenging Careerat the cuttingedge of trade, industry and economic growth. A profession that imparts the best oftechnical skills in financial and management areas and abilities necessary for decidingand acting upon the high-pressure situations. No wonder that the Chartered

Accountancy is a high status profession and a passport to challenging and rewardingcareer in industry and commerce. Chartered Accountants today have occupied topmanagement positions in public as well as private sectors. They also renderprofessional services as accountants and management consultants. The society hasincreasingly recognized the services of CAs in entire gamut of managementconsultancy including management accounting, management information andcontrol systems, international finance, information technology and financial servicessector. CAs today are part of the top management team and hold key positions in thecorporate sector. Even in the government, they occupy prominent positions. Rapid

changes taking place in the economy have further opened up new vistas ofopportunities for the Chartered Accountants. On becoming a Chartered Accountant,you have many options for pursuing challenging and rewarding career.

Independent Professional Practice: Sky is the LimitAs practitioners of public accounting, CAs may start professional practice as aproprietor or join any existing firm as a partner or staff member. A CA has beenentrusted with substantial responsibility of complying with the provisions of various

legislations such as compulsory audit of the accounts of all companies, banks,cooperative societies, stock brokers, big income-tax assessees, large bank borrowers,etc. A Chartered Accountant also provides compilation and review services as andwhen required by enterprises. While practicing as an independent professional, a CAalso acts as a business advisor by providing all kinds of services including thepreparation of financial reports with restructuring of finance options preparingfinancial projections showing how the loans will be repaid, and determining theviability of business. As a tax advisor, a CA helps business and individuals to complywith tax laws and represents their clients before government agencies. RiskManagement and Internal Audit are also growing areas of professional practice.

Chartered Accountants

Opportunities for


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Opportunities in Global ArenaToday, Indian Chartered Accountants have an impressive presence throughout theglobe holding eminent positions. Many MNCs as well as KPOs prefer Indian CAs fortheir expertise in IFRS, International taxation, International Trade Laws and

Accounting in IT environment.

Management Consultancy ServicesA Chartered Accountant plays a vital role in assisting businesses to improve the use oftheir resources, increase their efficiency and achieve their objectives. As amanagement consultant CA can also identify, evaluate and recommend ways toincrease revenue and reduce operating costs, analyse operations and suggest changesin structure and individual responsibilities, conduct special studies, prepare

recommendations, plans and programmes and provide advice and technical assistancein their implementation. The breadth of management advisory services rendered byChartered Accountants reflects their clear response by application of their technicalknowledge and business experience to the client's changing needs. Such servicesinclude...

Financial management planning and financial policy determination such ascapital structure and related areas.

Preparation of project reports and feasibility studies.

Market research and demand studies. Management accounting systems, cost control and value analysis. Budgeting, inventory management, working capital management. Personnel recruitment and selection, incentive plans. Business policy, corporate planning, organisation development, growth and

diversification. Organisation structure and behaviour, development of human resources. Systems analysis and design, and computer related services. Advisor or consultant to an issue.

Investment counselling in respect of securities. Registrar to an issue and for transfer of shares/other securities; and Quality audit, energy audit and environmental audit.

Opt for Industry/Government OrganisationA Chartered Accountant may prefer to join an industry or government organisationand hold a responsible position. Chartered Accountants are responsible for developing,analyzing and reporting on information needed for business decisions. They also

evaluate the financial effects of management's actions. A Chartered Accountant mayalso take up the job of an educator at a University/College. Many CharteredAccountants hold responsible positions in business or industrial firms as CEOs,Managing Directors, Directors (Finance) and Chief Accountants.


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Campus PlacementProgramme

The Institute has a special cell which assists newly qualified members of theprofession in finding jobs in the Industry. This cell organizes campus interviews forthese members and acts as a link between industry and professionals. Over theyears, the Campus Placement Programmes have received tremendous response.

Campus PlacementProgramme

Campus Placement Programme - A Bird's Eye View


23

Average Salary Paid

`7.06 lakh PA

`24.64 lakh PA ForInternational Posting

`20 lakh PA ForNational Posting

`7.38 lakh PA

Aug-Sep 2012 Aug-Sep 2013 Feb-Mar 2014

`7.30 lakh PA


`21 lakh PA ForNational Posting


`13.77 lakh ForNational Posting

Aug-Sep 2012 Aug-Sep 2013 Feb-Mar 2014

Genpact

Barclays Shared Services Pvt. Ltd.

Tata Consultancy Services Ltd.Wipro Ltd.

IndiaBulls Housing Finance Ltd.

S. R. Batliboi & Co

Deloitte Haskins and Sells

The Federal Bank Ltd.

Flipkart Internet Pvt. Ltd.Credit Suisse Services India Pvt. Ltd.

L&T

Maximum Salary Paid

Top Recruiters during the Campus Placement

Programme February-March, 2014


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24

Salary Range Offered

Top CTC Offered for Domestic Posting

` 9,00,000& above

` 7,50,000to` 9,00,000

` 6,00,000to` 7,50,000

` 5,00,000to` 6,00,000

` 4,00,000to` 5,00,000

Numb

erofCandidates

300

250

200

100

0

150

115

83

139

254

185174

Number of Candidates

Aug-Sep, 2013

Number of CandidatesFeb-March, 2014

Company NameCTC Offered

(INR Per Annum)S. No.

Job

Offered

2 1

3 1

4 12

5 8

6 9

1 2

20,00,032

17,00,000

15,00,000

15,00,000

14,00,000

21,00,000Bharti Airtel

ITC Ltd

Flipkart Internet Pvt Ltd

Trident Ltd

ITC Ltd

Hindustan Unilever Ltd

50

145

87

116

18


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SESSION-ITwo Sections - Two hours - 100 Marks

Section A : Fundamentals of Accounting (60 Marks)1. Theoretical Framework: Meaning and Scope of accounting, Accounting Concepts,Principles and Conventions, Accounting Standards concepts, objectives, benefits,Accounting Policies, Accounting as a measurement discipline valuation principles,accounting estimates.

2. Accounting Process: Books of Accounts leading to the preparation of Trial Balance,Capital and revenue expenditures, Capital and revenue receipts, Contingent assets andcontingent liabilities, Fundamental errors including rectifications thereof.

3. Bank Reconciliation Statement.

4. Inventories: Basis of inventory valuation and record keeping.

5. Depreciation Accounting: Methods, computation and accounting treatment ofdepreciation, Change in depreciation methods.

6. Preparation of Final Accounts for Sole Proprietors.

7. Accounting for Special Transactions: Consignments, Joint Ventures, Bills of exchangeand promissory notes, Sale of goods on approval or return basis.

8. Partnership Accounts: Final accounts of partnership firms Basic concepts ofadmission, retirement and death of a partner including treatment of goodwill.

9. Introduction to Company Accounts: Issue of shares and debentures, forfeiture ofshares, re-issue of forfeited shares, redemption of preference shares.

Section B: Mercantile Laws (40 Marks)1. The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the generalnature of contract, consideration, other essential elements of a valid contract,Performance of contract and Breach of contract.


CPT SyllabusCPT Syllabus

25


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26

2. The Sale of Goods Act, 1930: Formation of the contract of sale Conditions andWarranties Transfer of ownership and delivery of goods Unpaid seller and his rights.

3. The India Partnership Act, 1932: General Nature of Partnership Rights and duties ofpartners Registration and dissolution of a firm.

SESSION-IITwo Sections Two hours (100 Marks)

Section C: General Economics (50 Marks)

(I) Micro Economics

1. Introduction to Micro Economics: Definition, scope and nature of Economics, Methodsof economic study, Central problems of an economy and Production possibilities curve.

2. Theory of Demand and Supply: Meaning and determinants of demand, Law of demandand Elasticity of demand - Price, income and cross elasticity, Theory of consumer'sbehaviour Marshallian approach and Indifference curve approach, Meaning anddeterminants of supply, Law of supply and Elasticity of supply.

3. Theory of Production and Cost: Meaning and Factors of production, Laws of Production The Law of variable proportions and Laws of returns to scale, Concepts of Costs -

Short-run and long-run costs, Average and marginal costs, Total, fixed and variablecosts.

4. Price Determination in Different Markets: Various forms of markets PerfectCompetition, Monopoly, Monopolistic Competition and Oligopoly, Price determinationin these markets.

(II) Indian Economic Development5. Indian Economy A Profile: Nature of the Indian Economy, Role of different sectors

Agriculture, Industry and Services in the development of the Indian economy, theirproblems and growth, National Income of India Concepts of national income,Different methods of measuring national income, Growth of national income and percapita income in various plans, Basic understanding of tax system of India Direct andIndirect Taxation.

6. Select Aspects of Indian Economy: Population - Its size, rate of growth and itsimplication for growth, Poverty Absolute and relative poverty and main programs forpoverty alleviation, Unemployment Types, causes and incidence of unemployment,Infrastructure - Energy, Transportation, Communication, Health and Education,

Inflation, Budget and Fiscal deficits, Balance of payments, External debts.

7. Economic Reforms in India: Features of economic reforms since 1991, Liberalisation,Privatisation and Disinvestment, Globalisation.


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8. Money and Banking: Money Meaning and functions, Commercial Banks Role andfunctions, Reserve Bank of India Role and functions, Monetary policy.

Section D: Quantitative Aptitude (50 Marks)1. Ratio and proportion, Indices, Logarithms.

2. Equations: Linear simultaneous linear equations up to three variables, quadratic andcubic equations in one variable, equations of a straight line, intersection of straightlines, graphical solution to linear equations.

3. Inequalities: Graphs of inequalities in two variables - common region.

4. Simple and Compound Interest including annuity - Applications.

5. Basic concepts of Permutations and Combinations.

6. Sequence and Series Arithmetic and geometric progressions.

7. Sets, Functions and Relations.

8. Limits and Continuity - Intuitive Approach.

9. Basic concepts of Differential and Integral Calculus (excluding trigonometricfunctions).

10. Statistical description of data: Textual, Tabular & Diagrammatic representation of data,Frequency Distribution, Graphical representation of frequency distribution Histogram, Frequency Polygon, Ogive.

11. Measures of Central Tendency and Dispersion: Arithmetic Mean, Median PartitionValues, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartiledeviation.

12. Correlation and Regression.

13. Probability and Expected Value by Mathematical Expectation.

14. Theoretical Distributions: Binomial, Poisson and Normal.

15. Sampling Theory: Basic Principles of sampling theory, Comparison between samplesurvey and complete enumeration, Errors in sample survey, Some important termsassociated with sampling, Types of sampling, Theory of estimation, Determination ofsample size .

16. Index Numbers.


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CPT - Frequently Asked Questions

Common Proficiency TestCPT - Frequently Asked Questions

Common Proficiency Test

For India and For ForeignSNo Details of Fee SAARC Countries Students

1. Cost of CPT Prospectus `100 USD 10

2. CPT Registration fee `6,000 USD 580

3. Subscription for Students' Journal `200 USD 20

(for one year) (Optional but strongly recommended)4. Subscription for Members' Journal `400 USD 40(for one year) (Optional)

TOTAL `6,700 USD 650

28

1. What is the Common Proficiency Test?It is an entry level test for Chartered Accountancy Course. It is an objective test offour subjects i.e. Accounting, Mercantile Laws, General Economics andQuantitative Aptitude.

2. Who can join the Course?th

A student who has passed the 10 standard examination conducted by anexamining body constituted by law in India or an examination recognized by theCentral Government as equivalent thereto may register for Common ProficiencyTest.

3. How to apply for admission to the CPT Course? A student is required to apply in the prescribed form. A student may buy Prospectus remitting ` 100. The application form is

available in the Prospectus. Alternatively, the application form can be downloaded from our website as per

the link given below... http://220.227.161.86/7505cpt_form.pdf

While submitting the duly filled application form, a student has to remit` 100towards cost of Prospectus along with registration and tuition fee.

4. What are the fees for registration?


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30

Frequently Asked Questions

CPTFrequently Asked Questions

CPT

the examination fee of `500 (for students applying online). The ExaminationDepartment announces the examination centres and issue admit card.Examination fee is subject to change from time to time.

9. What are the qualifying marks?The qualifying mark is 50%. A student has to remember that CPT is an objectivetype test with a negative marking for selecting wrong option which will beindicated in the question paper. 1/4 (one fourth) mark will be deducted for eachwrong answer.

Beginning June 2013, a CPT candidate shall be declared to have passed the test ifhe obtains at one sitting a minimum of 30% marks in each section i.e. subject and aminimum of 50% marks in aggregate of all the sections, subject to the principle ofnegative marking.

10. When is CPT held?

CPT examination is held twice in a year i.e., in June & December.

11. Can a student registered for CPT appear in CPT exam indefinitely?No. The registration for CPT Course from the date initial registration is a period ofthree years. CPT registration may be renewed for subsequent three years period by

paying`300. This re-validation of registration can be done any number of times.Students have to renew their registration before the last date for submission ofexamination application forms.

12. Is there any cut-off date for registering to CPT course and appearing in the

CPT exam and who can appear in the CPT exam?st

A student who registers for CPT course on or before 1 April will be eligible tost

appear in June and who registers on or before 1 October will be eligible to appear

in the December CPT examination.


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For further information and to obtain the Prospectus,students are advised to contact any of these offices

Board of Studies & Decentralised OfficesBoard of Studies & Decentralised Offices

Thane Branch of WIRC of ICAIA-4, Laxmi Mahal, Second Floor,LBS Marg, Chandanwadi Naka, CharaiThane (W) - 400 602Phones: (22) 25382451/53/54/56E-mail: [email protected]

Nagpur Branch of WIRC of ICAIICAI Bhawan, 20/1, Behind Vijayanand Society Dhantoli,Nagpur - 440 012Phones: 0712-2443968, 2441196FAX: 0712-2454166Email: [email protected]

Baroda Branch of WIRC of ICAIICAI Bhawan, Kalali - Tandalja Road, At Ladra Vadodara -390 012Phones: 0265-2681115, 2680593FAX: 0265-2681115, 2680593Email: [email protected]

Jaipur Branch of CIRC of ICAIICAI Bhawan, D-1, Institutional Area,Jhalana Doongri, Jaipur - 302 004Phones: 0141-3989398, 3044200, 3044214FAX: 0141-3044215E-mail: [email protected]

Ahmedabad Branch of WIRC of ICAIICAI Bhawan, 123, Sardar Patel Colony, Near UsmanpuraUnder Bridge, PO Navjivan Naranpura Ahmedabad - 380 014Phones: 079-27680946, 27680537, FAX: 079-27680537Email: [email protected]

Indore Branch of CIRC of ICAIICAI Bhawan, Plot No. 19-B, Scheme No. 78Part-II (Near MP Pollution Board)Indore - 452 010Phones: 0731-4298198, 3254900, FAX: 0731-4298198E-mail: [email protected]

Northern India Regional Council of ICAIICAI Bhawan, 52-54, Institutional AreaVishwas Nagar, Shahdara, Near Karkardooma CourtsDelhi - 110 032 Phones: 011-39893990, 30210601-605FAX: 011-30210680Email: [email protected], Website: www.nirc-icai.org

Hyderabad Branch of SIRC of ICAIICAI Bhawan, 11-5-398/C, Red HillsHyderabad - 500 004Phones: 040-23317026/27/28, 23393182, 30638600FAX: 040-23393200Email: [email protected]

Ernakulam Branch of SIRC of ICAIICAI Bhawan, 57/3146, Dewan's Road,Ernakulam, Kochi - 682 016Phones: 0484-2369238, 2372953, 2369258FAX: 0484-2372953Email: [email protected]

Surat Branch of WIRC of ICAI

ICAI Bhawan 2nd Floor, Saifee Building, Dayalji BaugRoad (Dutch Garden Road) NanpuraSurat - 395 001, Gujarat Phones: 0261-2472932 2464413,2461154, FAX: 0261-2464413Email: [email protected], [email protected]

Chandigarh Branch of the NIRC ICAIICAI Bhawan, Opp. Community CentreSector-35 B, Chandigarh - 160 022Phone: 0172-5067756FAX: 0172-2727699E-mail: [email protected]

Western India Regional Council of ICAI

ICAI Bhawan, 27 Cuffe Parade, ColabaMumbai - 400 005Phone: 022-39893989, FAX: 022-39802953Email: [email protected]: www.wirc-icai.org

Southern India Regional Council of ICAIICAI Bhawan, 122 MG Road, Post Box No. 3314Nungambakkam, Chennai - 600 034Phone 044-39893989, 30210300 FAX: 044-30210355Email: [email protected]: www.sircoficai.org

Bangalore Branch of SIRC of ICAIICAI Bhawan No. 16/0 Millers Tank Bed Area Bangalore -560 052Phones: 080-30563500, 30563501FAX: 080 22252547Email: [email protected]

Eastern India Regional Council of ICAI

ICAI Bhawan, 7 Anandilal Poddar Sarani(Russell Street) Kolkata - 700 071Phone: 033-39893989 FAX: 033-30211145Email: [email protected]: www.eircindia.org

Central India Regional Council of ICAIICAI Bhawan, Post Box No. 31416/77 B Civil Lines, Behind Reserve Bank of IndiaKanpur - 208 001Phone: 0512-3989398, FAX: 0512-3011193Email: [email protected], Website: www.circ-icai.org

Pune Branch of WIRC of ICAIICAI Bhawan, Plot No. 8, Parshwanath NagarCTS No. 333 Sr. No. 573, Munjeri, Opp. Kale HospitalBibawewadi, Pune - 411 037Phones: 020-24212250/51/52, FAX: 020 24489732Email: [email protected], [email protected]

Coimbatore Branch of SIRC of ICAI

ICAI Bhawan Opposite to Union Bank of India BranchMettupalayam Road, Thudiyalur, Coimbatore - 641 034Phones: 0422-4270056, 4270058FAX: 0422-4270056, 4270058Email: [email protected],


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One ProfessionVersatile Roles

A Total Business Solution Provider

The Institute of Chartered Accountants of India


ICAI - ENRICHING THE NATION WITH PROFESSIONAL EXCELLENCE

65


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About the Booklet

The booklet Chartered Accountancy: Global Career, Endless Opportunities has

been specifically prepared by the Board of Studies, ICAI to provide valuable

information about the Chartered Accountancy Course and avenues open to

those who want to pursue a career in Chartered Accountancy.

Composition of The Board of Studies (2014-15)

Director, Board of Studies

Shri Vijay Kapur

Co-opted Members

CA M. Devaraja ReddyChairman, Board of Studies

CA Prafulla Premsukh Chhajed

Vice Chairman, Board of Studies

CA K. RaghuPresident (Ex-Officio)

CA Manoj FadnisVice President (Ex-Officio)

CA Tarun Jamnadas Ghia

CA Nihar Niranjan Jambusaria

CA Sanjeev K. MaheshwariCA Babu Abraham Kallivayalil

CA V. Murali

CA S. Santhanakrishnan

CA Sumantra Guha

CA Subodh Kumar Agrawal

CA Shyam Lal Agarwal

CA Vijay Garg

CA Anuj Goyal

CA Mukesh Singh Kushwah

CA Vijay Kumar Gupta

CA Charanjot Singh Nanda

Shri Manoj Kumar

Shri Gautam Guha

Shri J. S. DeepakShri Sidharth Kumar Birla

Shri Salil Singhal

CA C. S. Gupta

CA M. R. Krishnamurthy

CA Ananthanarayana Pai K.

CA Prerak Agarwal

CA Sunil Kumar Gulati

CA Ravinder Singh Kalra

CA Prashant Shekhar Panda


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0414/50K

career counselling booklet bos19287

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