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Chartered Accountant (CA)

Chartered Accountants (CAs) are authorized by law to check, verify, audit and certify the authenticity of financial statements of various organizations. Unless certified by a CA, a financial statement (like Balance Sheet and Profit and Loss Account) is not accepted by government authorities like the Department of Company Affairs (DCA) and Income Tax (IT).

The CA profession is an integral part of the financial regulatory system of a country. As a CA, you will go through the various documents of a company to verify the correctness of facts and figures and a fair representation of the financial status of the organizations. This function is called auditing a part from auditing, CAs are also involved in other financial activities. They prepare budgets' help raise capital from various sources, manage costs and supervise accounting function. They are also involved in the financial administration bank and financial services organisation. CAs sometimes acts as internal auditors and financial controllers. They are also experts in corporate laws and taxation.

A CAs services are needed in good times as well as bad times. A professionally complement CA is always in great demand. While career growth may vary depending on the job content and the nature of the organisation, consistency good performance will fetch good returns and steady growth.

To be a CA, the following path has to be followed for those registered after 30 June 2017. Following are the various exams to be cleared. Apart from this, various trainings needs to be completed details of which can be found on ICAI website.

S.NO. Subjects and Marking Scheme Marks Objective or Subjective Negative Marking(Y/N)
1 Principles and Practices of Accounting 100Marks Subjective N
2 Business Law & Business Correspondence and Reporting 100Marks Subjective N
Section A: Business Law (60 Marks)
Section B: Business Correspondence and Reporting (40 Marks)
3 Business Mathematics and Logical Reasoning & Statistics 100Marks Objective y
Part I: Business Mathematics and Logical Reasoning (60 Marks))
Part II: Statistics (40 Marks)
4 Business Economics & Business and Commercial Knowledge 100Marks Objective y
Part I: Business Economics (60 Marks)
Part II: Business and Commercial Knowledge (40 Marks)
Total 400Marks
Note:
Passing percentage:Aggregate - 50% and Subject-wise - 40% at one sitting.
Examination: In the month of November and May after passing Class
XII
S.NO. Subjects and Marking Scheme Marks Objective or Subjective Negative Marking(Y/N)
Group I
1. Accounting 100Marks Subjective N
2. Corporate Laws & Other Laws 100Marks Subjective N
Part I: Corporate Laws (60 Marks)
Part II: Other Laws (40 Marks)
3. Cost and Management Accounting 100Marks Subjective N
4. Taxation 100Marks Subjective N
Section A: Income Tax Law (60 Marks)
Section B: Indirect Tax Laws (40 Marks)
Group II
5. Advanced Accounting 100Marks Subjective N
6. Auditing and Assurance 100Marks Subjective N
7. Enterprise Information System & Strategic Management 100Marks Subjective N
Section A: Enterprise Information System (50 Marks)
Section B: Strategic Management (50 Marks)
Section B: Strategic Management (50 Marks)
8. Financial Management & Economics for Finance 100Marks Subjective N
Section A: Financial Management (60 Marks)
Section B: Economics for Finance (40 Marks)
Total 800Marks
Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS)
Practical Training
Advance Four Weeks Integrated Course on Information Technology and Soft Skills (AICITSS)
S.NO. Subjects and Marking Scheme Marks Objective or Subjective Negative Marking(Y/N)
Group I
1. Financial Reporting 100Marks Subjective N
2. Strategic Financial Management 100Marks Subjective N
3. Advanced Auditing and Professional Ethics 100Marks Subjective N
4. Corporate Laws and other Economic Laws 100Marks Subjective N
Group II
5. Strategic Cost Management and Performance Evaluation 100Marks Subjective N
6. Elective Paper 100Marks Subjective N
(One to be chosen from the list of Elective Papers)
Elective Papers / Risk Management / International Taxation / Economic Laws / Financial Services & Capital Markets / Global Financial Reporting Standards / Multidisciplinary Case Study
7. Direct Tax Laws (70 Marks) & International Taxation (30 Marks) 100Marks Subjective N
Part I: Direct Tax Laws (70 Marks)
Part II: International Taxation (30 Marks)
8. Advanced Indirect Tax Laws 100Marks Subjective N
S.No.SubjectTotal no.of questions & marksDuration of examination & negative marketing
1Fundamentals of Accounting60 questions (60 marks)120 minutes in one sitting for Accounting and Law. 0.25 negative marking for every wrong answer given.
2Mercantile Law40 questions (40 marks)
3General Economics50 questions (50 marks)120 minutes in one sitting for Economics and Quantitative Aptitude. 0.25 negative mark for each wrong answer
4Quantitative Aptitude50 questions (50 marks)

For new syllabus kindly visit BOS Knowledge Portal at ICAI portal

As practitioners of public accounting, CAs may start professional practice as proprietors or join any existing firm as partners or staff members. A CA has been entrusted 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 assesses, large bank borrowers, etc.

A Chartered Accountant may choose to join an industry or even a government organization and hold an important position of great responsibility. Chartered Accountants are responsible for developing, analyzing and reporting on information needed for business decisions.

The opportunities are plenty, and ever-multiplying. Today, huge opportunities are available for professionals with specialized knowledge and skills sought by global organizations. These include the areas of national and international taxation, finance and corporate law.

A CA plays a vital role in assisting businesses to improve the use of their resources, increase their efficiency and achieve their objectives. As a management consultant a CA can also identify, evaluate and recommend ways to increase revenue and reduce operating costs; analyze operations and suggest changes in structure and individual responsibilities; conduct special studies, prepare recommendations, plans and programs; and provide advice and technical assistance in their implementation. The breadth of management advisory services rendered by Chartered Accountants reflects their clear response by application of their theoretical knowledge and business experience to the clients' changing needs. Such services include -

  • Financial management planning and financial policy determination such as capital 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
  • Quality audit, energy audit and environmental audit

How to become a CA Chartered Accountant

  • Enrol with the Institute for Common Proficiency Course (CPC) after passing class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
  • Appear in CPT examination after appearing in the Senior Secondary Examination (10+2  examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and after completion of specified period (60 days) from the date of registration for CPC with the Board of Studies and first day of the month in which the examination is to be held, viz., students registered on or before 1st April/1st October will be eligible to appear in June/December examination, as the case may be.
  • Join Intermediate (IPC) Course/ATC after passing CPT and 10+2 examination.
  • Undergo Orientation Programme
  • Complete 100 hours ITT
  • Students are advised to undergo Orientation Programme and complete 100 hours ITT at the earliest but these are to be completed compulsorily before commencement of their articleship.
  • Appear in Intermediate (IPC) Examination/ATE on completion of 8 months of study course as on first day of the month in which the examination is to be held
  • Join articled training after passing either Group I or Both Groups of Intermediate (IPC) Course.
  • Undergo First General Management and Communication Skills (GMCS) course (15 days) during the first year of articled training.
  • Undergo Second General Management and Communication Skills (GMCS) course (15 days) after completion of 18 months of articled training but before completion of articled training. Alternatively, attend Four Week's Residential Programme on Professional Skills Development.
  • Clear Group II of Intermediate (IPC) Examination if not done earlier.
  •  Join CA Final Course:
  • After passing Intermediate (IPC) Examination register for Final course with the Board of Studies;
  • Collect study material of the Final course and prepare for the Final examination;
  • Complete Advance Information Technology Training during the third year of practical training but before appearing in the Final Examination;
  • Complete articled training of 3 years.
  • Appear in the final examination on completion of the practical training or while serving last 6 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.

Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%)*

  • Enrol with the Institute for Intermediate (Integrated Professional Competence) Course for Both Groups with or without the option of Accounting Technician Course (ATC).
  • Undergo 100 Hours Information Technology Training (ITT) and 35 hours Orientation Course spanning one Week.
  • 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 the date 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.
  • Undergo General Management and Communication Skills (GMCS) II Course (15 days) course while serving the last 19 months to 36 months of articled training.
    Alternatively, attend Four Weeks' Residential Programme on Professional Skills and Development.

  • Complete Advance Information Technology Training during the third year of practical training but before appearing in the Final Examination.
  • Complete three years period of articled training.
  • Appear in the Final Examination 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.
  • Enrol as a member of ICAI and be designated as 'Chartered Accountant'.

Candidates who have passed Intermediate level examination of ICSI or ICWAI

  • Enrol with the Institute for Intermediate (Integrated Professional Competence) Course either for Both Groups or Group I with or without the option of Accounting Technician Course (ATC).
  • Undergo eight months of Study Course from the date of registration for the Intermediate (Integrated Professional Competence) Course.
  • Pass either Group I or Both Groups of Intermediate (Integrated Professional Competence) Examination.
  • Undergo 100 hours Information Technology Training (ITT) and 35 hours Orientation Course spanning one week at the earliest but these are to be completed compulsorily before commencement of articled training.
  • Register as Articled Assistant for a period of three years training.
  • Undergo General Management and Communication Skills (GMCS) ― I Course during first year of practical training.
  • Pass Group II of Intermediate (Integrated Professional Competence) Examination if not passed earlier.
  • Register for CA Final Course and prepare for CA Final Examination.
  • Undergo General Management and Communication Skills (GMCS) ― II Course (15 days) course while serving the last 19 months to 36 months of articled training.
  • Alternatively, attend Four Weeks' Residential Programme on Professional Skills and Development.
  • Complete Advance Information Technology Training during the third year of practical training but before appearing in the Final Examination.
  • Complete three years period of articled training.
  • Appear in the Final Examination 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.
  • Enrol as a member of ICAI and be designated as 'Chartered Accountant'.

The candidate needs to register with the Institute of Chartered Accountants of India (ICAI) for the Common Proficiency Test (CPT) after passing the Standard X examination.

A student who has got himself registered for the Common Proficiency Test 60 days prior to the first day of the month in which the CPT examination is to be held can appear for the examination i.e. on or before 1st April and 1st October for appearing in the CPT examination to be held in June and December respectively. The last date for registration to attempt the examination in June is the 31st of March of the same year, and for December, it is the 30th of September of the same year.

Student needs to take the prospectus containing application form from the ICAI office and submit the form along with following documents. The address of ICAI offices is available on www.icai.org. Student may register online on ICAI website.
ICAI Online Application Form for Registration to CPT
Documents required for Registration:

  • Demand draft of Rs. 6,000
  • True copy of Class 10 Marks sheet
  • True copy of Birth date proof

Common Proficiency Test is an entry level test for the Chartered Accountancy course. It is a test of four subjects ─ Fundamentals of Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. This test is an objective multiple choice type examination, with negative marking, carrying a total of 200 marks, which is divided into two sessions of two hours each with a 90 minute break in between.
Subjects to be Studied:

  • SESSION ─ I (Two Sections- Two hours ─ 100 Marks)
    • Section A: Fundamentals of Accounting ( 60 Marks )
    • Section B: Mercantile Laws ( 40 Marks )
  • SESSION ─ II (Two Sections- Two hours ─ 100 Marks)
    • Section C: General Economics ( 50 Marks )
    • Section D: Quantitative Aptitude ( 50 Marks )

  • There will total 200 MCQ's carrying one mark each.
  • For Correct answer students will get one mark.
  • For Blank answers Zero marks will be awarded.
  • For Incorrect answers ─0.25 marks will be deducted.

The minimum marks required in each section and in the aggregate in all sections of CPT as per the revised passing requirements will be as under:-

Section

Subject

Maximum
Marks

Minimum Marks
(Mandatorily to be secured after negative marking)

A

Fundamentals of Accounting

60

18

B

Mercantile Laws

40

12

C

General Economics

50

15

D

Quantitative Aptitude

50

15

Total

200

100*

In order to register for the Integrated Professional Competence Course (IPCC), the candidate should pass both CPT and 10+2. Registration for the IPCC should be done 9 months prior to the first day of the month in which examination is held. IPCC comprises of a total of 7 papers. Group I consists of 4 papers and Group II consists of 3 papers. For pursuing Articleship, passing Group I is essential.

A student is required to apply for registration in the prescribed form. A student may buy the Prospectus by remitting Rs. 100. The Registration Application form will be supplied with the Prospectus available at the sales counter of decentralized offices. Alternatively, the application form can be downloaded from the websitewww.icai.org.While submitting the filled-in application form, a student has to remit Rs. 100 for the Prospectus along with the registration fee. The Prospectus can also be procured by post from any of the Regional Offices of the Institute on payment ofRs. 140 (Rs.40 towards postal charges). Passing requirement under Integrated Professional Competence Course (IPCC) Examination.

GROUP-1

  • Paper 1: Accounting (100 marks)
  • Paper 2: Law, Ethics and Communication

Part I

Law

    • Business Laws: 30 marks
    • Company Law: 30 marks

60 marks

Part II

Business Ethics

20 marks

Part III

Business Communication

20 marks

  • Paper 3: Cost Accounting and Financial Management

Part I

Cost Accounting

50 marks

Part II

Financial Management

50 marks

  • Paper 4: Taxation

Part I

Income Tax

50 marks

Part II

Service Tax

25 marks

VAT

25 marks

GROUP-2

  • Paper 5: Advanced Accounting (100 marks)
  • Paper 6: Auditing and Assurance (100 marks)
  • Paper 7: Information Technology and Strategic Management
    • Section A: Information Technology (50 marks)
    • Section B: Strategic Management (50 marks)

Fees to be paid for various courses of Integrated Professional Competence Course(IPCC):
Orientation Programme Fee

Sr. No.

Courses

Without Articles (Rs.)

With Articles (Rs.)

1

Group I, Group II of IPCC

9,000

11,000*

2

Group I of IPCC

8,000

-

3

Group II of IPCC

5,000

7,000

4

ICAI 100 Hrs. ITT Training Fee

4,000

-

5

ICAI 35 Hrs. Orientation Programme Fee

3,000

-

  • * Includes Registration Fees - Rs.5,000,
  • Registration Fees for Orientation Programme - Rs.1,000,
  • Registration Fees for ITT Training - Rs.2,000,
  • Studentís Activities Fees (to be paid only once at the time of Registration) - Rs.1,000 &
  • Articled Training Fee - Rs.2,000.

Articled training starts only after passing Group I of IPCC/ATC.

Company Secretary (CS)

In today's world of competition, every individual is keen to pursue the best career option. CS, as a career option, is one of the best career options, suited to meet the future needs of an individual.

With increasing globalization, numerous corporate entitles catering to the various industry spectrums have been seen emerging on the Indian economic scene. Increasing competition among the corporate houses coupled with the opening up to the economy brings with it the complexities in the running of an organization. It is here that the role of a Company Secretary is so important to an organization or business house, since he/she is competent to provide sound advice on corporate, legal, secretarial, administrative and even tax-related matters.

While a company Secretary can aspire to get employment opportunities in Government Accounts or Law Departments, he/she can also become a Chairman of Managing Director of a Company or be a part of the esteemed Board of Directors of a Company.

CS is a person who acts as a catalyst behind the chemistry of corporate growth. It is a CS who suggests the Board of Directors in various issues pertaining to Company Law.

CS offers great career opportunity, particularly when the demand of Company Secretaries is far more than the actual supply in our country.

S.No.SubjectTotal no.of questions & marksDuration of examination & negative marketing
1Business environment & entrepreneurship (BEE)50 questions (100 marks)90 minutes in one sitting for both the subjects no negative marking
2Business management ethics & communication (BMEC)50 questions (100 marks)
3Business ECONOMICS & Statistics (BE)50 questions (100 marks)90 minutes in one sitting for both the subjects no negative marking
4Fundamentals of Accounting & Auditing (FAA)50 questions (100 marks)

The best and the biggest faculty

  • Highly qualified experts for every subject.
  • Highly experienced teaching by concept building.

Result-oriented and study material

  • Topic-wise daily practice sheets.
  • Regular performance assessment.
  • Short tricks and fast calculation methods.
  • Session for revision and test analysis.

Extensive course and study material

  • More than 400 hours of extensive classroom training.
  • Well-researched comprehensive study material.
  • Exam-specific mock tests.

Personal attention

  • Small batch size.
  • Regular doubt solving support.
  • Personal counseling session.

Success history

  • 85% selection consistently since last 6 years.
  • 100% selection consistently since last 6 years.
  • 25+ all India rankers in CA-CPT & CS foundation.

Student care

  • Student care call centre through phone, whatsapp & email.
  • Regular information support.

Cost and Management Accountancy (CMA)

It has been felt beyond doubt that there has been an increasing awareness amongst the business entrepreneurs of the most vital contribution made by Cost and Management Accountancy services in the business houses to the attainment of business objectives. This has increased the demand for Cost and Management Accounting services in all the sectors of economy. Many members of the Institute (ICMAI) are holding top-management positions, viz., Managing Director, Finance Director, Financial Controller, Chief Accountant, Cost Controller and Chief Internal Auditor.

Cost Accountancy qualification has also been recognized by the Academic Councils of many Universities in India for the purpose of admission to the Ph.D. courses in Commerce. Cost and Management Accountants are also holding key position in Central and State Government. In the matter of employment, promotion and prospects, Cost Accountants are recognized by the government, public and private sectors for placement at various levels in the fields of Accounting and Management functions. The specialization in costing is an added catalyst for a successful manager and a policy maker.

Developing countries in the overseas have also evinced keen interest in offering employment opportunities for the members of the Institute.