Chartered Accountancy

Accounting, auditing and taxation are the core areas dealt with by chartered accountants.

They are also capable of expert level services in the areas of General Management, Personnel Management, Financial Management, Operations Management, HR Management

STAGES

Stages in CA

CommonProficiency

Test

Integrated ProfessionalCompetence Course

(IPCC)

Final

4 subjects-2 papers 9 subjects

4 papers- group I3 papers- group II

Article ship + ITT

ApprenticeshipUnder a practicing

CA for 3 years+

100 hours of IT training

8 subjects4 papers- group I4 papers- group II

GeneralManagement

Course

CompulsoryGMC courseDuring/ after

Finals

• Academic Qualification-10+2 or equivalent as recognized by ICAI

Common Proficiency Test (CPT)

• Pass Marks- To pass/qualify at the examination a student has to obtain a minimum of 50% marks in all the papers together.

• Re attempting- Failing to get the pass mark requires the student to reappear in all the papers again.

• No Exemptions- There are no provisions for exemptions, even in conditions where the student has obtained high marks.

CPT duration is minimum 2 months. Each session is of 2 hours.

Subjects

Session IISession I

Mercantile Laws(40 Marks)

FundamentalsOf Accounting

(60 Marks)

QuantitativeAptitude

(50 Marks)

GeneralEconomics(50 Marks)

Integrated Professional Competence Course (IPCC)

• Pass Marks- Minimum of 40% in each paper and an aggregate of 50% in all the papers of both the groups together if attempting both the groups or all the papers of a single group, A student has to get through both the groups either at once or separately to be eligible to go for the next level i.e. Final.

• Exemptions- In cases where the student has obtained 60% and above in one or more papers that paper will be exempted although he was failed in that group.

Subjects in IPCC

Group IIGroup I

Law, Ethics and

Communication

AdvancedAccounting(100 Marks)

IT and StrategicDevelopment

Auditing and Assurance

(100 Marks)

InformationTechnology(50 Marks)

StrategicManagement(50 Marks)

BusinessCommunications

(20 Marks)

Business Ethics(20 Marks)

Law(60 marks)

Cost AccountingAnd FinancialManagement

Cost Accounting(50 Marks)

FinancialManagement(50 Marks)

TaxationVAT

(25 Marks)

Service Tax(25 Marks)

Income Tax(50 Marks)

Subjects in Finals

Group I Group II

Corporate &Allied Laws

Company Law

(70 Marks)

StrategicFinancial

Management(100 Marks)

FinancialReporting

(100 Marks)

Allied Laws(30 Marks)

AdvancedAuditing andProfessional

Ethics(100 Marks)

AdvancedManagementAccounting(100 Marks)

InformationSystems

Control &Audit

(100 Marks)

Direct TaxLaws

(100 Marks)

IndirectTaxLaws

CentralExcise

(40 Marks)

Service TaxAnd VAT

(40 Marks)

Customs(20 Marks)

The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India.

ICAI now is the second largest accounting body in the whole world

The institute has its headquarters in New Delhi.

Continue……

1. Five regional offices at Mumbai, Chennai, Calcutta, Kanpur and New Delhi

with branch offices located in almost all major cities and towns of India.

Audit and Taxation Project Finance/ Financial Advisory/

Mergers & Acquisitions Investment Banking Banking and Financial Services Outsourcing

Academics Corporate Sector Recession

By Achyut Awasthi