Chartered Accountancy (CA) Course
Duration: 4 Years
About the Institute:
*The Institute of Chartered Accountants of India (ICAI) is the premier professional accountancy body of the
country, established in July, 1949 under the Chartered Accountants Act, 1949, (Act No. XXXVIII of 1949)
enacted by the Parliament to regulate the profession of Chartered Accountancy in India.
*The Institute is governed by a Council in accordance with provisions of the Chartered Accountants
Act, 1949 as amended by the Chartered Accountants (Amendment) Act, 2006 (No. 9 of 2006) and the
Chartered Accountants Regulations, 1988. The Council consists of 40 members of whom 32 are elected
from among the members of the Institute and 8 are nominated by the Government of India.
The Institute has its headquarters at New Delhi. In addition, it has five regional councils located in Mumbai,
Chennai, Kolkata, Kanpur and New Delhi and 126 branches spread all over the country. The Institute has
also 21 chapters outside India located in Abu Dhabi, Bahrain, Botswana, Doha, Dubai, Indonesia, Jeddah,
Kuwait, London, Melbourne, Muscat, New York, Nairobi, Nigeria, Port Moresby(Papua New Guinea),
Riyadh, Eastern Province (Saudi Arabia), Singapore, Sydney, Toronto and Zambia.
1.3 As part of its responsibility to regulate the profession of Chartered Accountancy, the Institute enrolls students
for the Chartered Accountancy Course, imparts theoretical education to them, requires the students of CA
course to undergo practical training and monitor their training. It also holds qualifying examinations for them
and grants membership to successful candidates and certificates of practice to members intending to practise
the profession
Admission: Admissions are Taken Whole Year(any Time).
*The entry level test is named as Common Proficiency Test (CPT) which is designed in the pattern of entry level test of engineering, medical and other professional courses. It is a 4-hour duration test comprising of two sessions of 2 hours each with a break between two sessions. The test comprises of objective type questions with the negative marking for choosing wrong options.
*The study course for the chartered acccountancy candidates is known as Integrated Professional Competence Course, which shall be composed of three levels viz. Group I, Accounting Technician Course (optional) and Group II. A candidate may opt for enrolment to Group I or Group I and Accounting Technician Course or Accounting Technician Course and/ or Group II or Group I and Group II or for all the levels.
*One has to undergo orientation programme (presently for 35 hours) and also to complete 100 Hours ITT during 9 months study course period or before commencing articled training.
*The last leg of the Chartered Accountancy course is final course, which has been designed to impart expert knowledge in financial reporting, auditing and professional ethics, taxation, corporate laws, systems control, strategic finance and advanced management accountancy.
*Updated syllabus is benchmarked to Chartered Accountancy courses offered around the globe and is fully compliant to International Education Standards issued by the International Federation of Accountants.
Levels of Chartered Accountancy Course:
1. Entry Level Test: Common Proficiency Test(CPT)
2. First Stage of Theoretical Education: Integrated Professional Competence Course(IPCC)
3. Final Stage of Theoretical Education: Final Course(Oral, Postal Coaching Systems)
About Common Proficiency Test(CPT):
*It is an entry level test for Chartered Accountancy Course, which is held twice in a year in June and December. It is a test of four subjects i.e., Accounting, Mercantile Laws, General Economics and Quantitative Aptitude with an objective to test basic knowledge in these subject areas.
*Common Proficiency Course is an entry level course for Chartered Accountancy Course. It comprises of four subjects i.e., Accounting, Mercantile Laws, General Economics and Quantitative Aptitude. Common Proficiency Test (CPT) is of 200 marks. This test is divided into two sessions of two hours each. CPT is an objective type test with negative marking.
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 )
*The Board of Studies has prepared comprehensive study materials along with Model Test Paperscovering all four subjects, and a question bank for self–assessment which is available in CD-ROM along with the set of study materials.
Eligibility:
A student who has passed the Class 10 examination conducted by an examining body constituted by law in India (or an examination recognized by the Central Government as equivalent thereto) may register for Common Proficiency Test.
A registered student may appear in Common Proficiency Test after he has appeared in the Senior Secondary Examination* (10+2 examination) conducted by an examining body constituted by law in India (or an examination recognized by the Central Government as equivalent thereto) and has complied with such requirements as may be specified by the Council from time to time.
A student who has got himself registered for Common Proficiency Test 60 days prior to the first day of the month in which CPT examination is to be held i.e. on or before 1st April and 1st October, can appear in the CPT examination to be held in June and December respectively. Common Proficiency Test examinations are held in June & December every year.
* List of Examinations treated as equivalent to Senior Secondary Examination:
1. Board of Intermediate Education, Andhra Pradesh
2. Assam Higher Secondary Education Council
3. Bihar School Examination Board
4. Central Board of Secondary Education (CBSE)
5. Chhatisgarh Board of Secondary Education
6. Council for Indian School Certificate Examinations (CISCE)
7. Goa Board of Secondary and Higher Secondary Education
8. Gujarat Secondary & Higher Secondary Education
9. Board of School Education, Haryana
10. H. P. Board of School Education
11. J & K State Board of School Education
12. Jharkhand Academic Council
13. Government of Karnataka Department of Pre-University Education
14. Kerala Board of Higher Secondary Education
15. Maharashtra State Board of Secondary & Higher Secondary Education
16. Board of Secondary Education, Madhya Pradesh
17. Council of Higher Secondary Education, Manipur
18. Meghalaya Board of School Education
19. Mizoram Board of School Education
20. Nagaland Board of School Education
21. Council of Higher Secondary Education, Orissa
22. Punjab School Education Board
23. Board of Secondary Education, Rajasthan
24. Tamil Nadu State Board of School Examinations
25. Tripura Board of Secondary Education
26. U. P. Board of High School and Intermediate Education
27. Board of School Education, Uttarkhand
28. West Bengal Council of Higher Secondary Education
29. Chhatisgarh State Open School
30. M.P. State Open School
31. National Institute of Open Schooling
32. Rajasthan State Open School
33. The West Bengal Council of Ravindra Open Schooling
34. Banasthali Vidyapith
35. 5 (Five) passes at GCE ‘O’ level/GCSE/IGCSE in A/B/C Grades and two passes at GCE ‘Advanced’ level examination of the approved British Examining Bodies is recognized by the Association of Indian Universities as equivalent to +2 stage qualification of an Indian Body.
36. Students who have completed two years of higher education including Diploma course after passing 10th class, conducted either by Central/ State Government(s) and on passing such a course have either been admitted to first year of graduation course or have passed the graduation course conducted by any University, including Open Universities, established by law in India shall be also eligible for admission to the Common Proficiency Test (CPT).
37. 10+2 Examination of any other recognized Board/University not covered above but recognized by Association of Indian Universities (AIU) as equivalent to Senior Secondary (10+2) Examination as recognized by Central Government.
Integrated Professional Competence Course (IPCC):
Students after passing CPT and 10+2 examination can enroll for Integrated Professional Competence Course (IPCC). In IPCC curriculum only working knowledge of core and allied subjects to accountancy profession is covered, while at the Final course, advanced application knowledge of core and allied subjects to accountancy profession has been intended to be inculcated. The unique feature of the entire theoretical education of the Chartered Accountancy curriculum is the supportive and complementary practical training. A student would undergo theoretical education and 3 years of practical training after passing Group-I of IPCC/Accounting Technician (Level-1). This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme. Neither a stand-alone theory nor a practice without theoretical knowledge would make a professional successful. Moreover, there is a need to develop proper understanding of the business environment and information technology hich acts as an important business process driver. It is also essential to sharpen communication skills to be able to work successfully in the competitive business environment. Therefore, Information Technology Training (ITT) and course on General Management and Communication Skills (GMCS) have been made an inherent part of Chartered Accountancy curriculum.
Subjects covered in IPCC / ATC (Group I Level of IPCC):
Six subjects and Seven Papers of study in IPCC are –
Group I
Paper 1: Accounting (100 marks)
Paper 2: Business Laws, Ethics and Communication (100 marks)
Part I: Business Laws (60 marks)
Business Laws (30 marks)
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)
Section A: Information Technology (50 marks)
Section B: Strategic Management (50 marks)
*The subjects of IPCC are classified into two groups. A student can study and appear in the examination group-wise or both the groups can be taken together as per the Notification/Announcement issued by the Examination Division of the Institute in this regard
Orientation Programme(Final):
*The candidates registered for Integrated Professional Competence Course (IPCC) are required to complete the Orientation Course in order to be eligible to commence their articled training on passing minimum Group I of IPCE. Candidates of ATC are, however required to complete the orientation course in order to appear for the first time in ATE. The Orientation Programme is suggested to be of one week’s period and will be of 4 sessions per day for 35 hours. Orientation Programmes covers following topics: Personality Development, Communication Skills, Office Procedures, Business Environment, General Commercial Knowledge etc.
*The Orientation Programme is carried out through Regional Councils, Branches and Chapters of the ICAI which would charge separately a fee of ` 3,000.
OPPORTUNITIES FOR CHARTERED ACCOUNTANTS:
Chartered Accountancy – A challenging career at the cutting edge of trade, industry and economic growth. A profession that imparts the best of technical skills in financial and management areas and abilities necessary for deciding and acting upon the high-pressure situations. No wonder that the Chartered Accountancy is a high status profession and a passport to challenging and rewarding career in industry and commerce. Chartered Accountants today have occupied top management positions in public as well as private sectors. They also render professional services as accountants and management consultants. The society has increasingly recognized the services of CAs in entire gamut of management consultancy including management accounting, management information and control systems, international finance, information technology and financial services sector. CAs today are part of the top management team and hold key positions in the corporate sector. Even in the government, they occupy prominent positions. Rapid nges taking place in the economy have further opened up new vistas of opportunities for the Chartered Accountants. On becoming a Chartered Accountant, you have many options for pursuing challenging and rewarding career.
Independent Professional Practice;
As practitioners of public accounting, CAs may start professional practice as a proprietor or join any existing firm as a partner or staff member. 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 assessees, large bank borrowers, etc. A Chartered Accountant also provides compilation and review services as and when required by enterprises. While practising as an independent professional, a CA also acts as a business advisor by providing all kinds of services including the preparation of financial reports, helping the business to secure loans, preparing financial projections showing how the loans will be repaid, and determining the viability of business. As a tax advisor, a CA helps business and individuals to comply with tax laws and represents their clients before government agencies.
Management Consultancy Services:
A Chartered Accountant 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 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 technical knowledge
and business experience to the client’s 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; and
.Quality audit, energy audit and environmental audit.
Opt for Industry/Government Organisation:
A Chartered Accountant may prefer to join an industry or government organisation and 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 may also take up the job of an educator at a University/College level. Many Chartered Accountants hold responsible positions in business or industrial firm as CEOs, Managing Directors, Director (Finance) and Chief Accountants.
Global Scenario:
The opportunities are simply ever increasing. Today huge opportunities are available for professionals with the specialised knowledge and skills sought by global organizations. These include the areas of national and international taxation, finance and corporate law. The knowledge of local laws and regulations, of course, places Chartered Accountants in a stronger position to supply services to global organizations entering the Indian Market.
How to apply:
STUDENTS CAN OBTAIN DETAILS FROM THE FOLLOWING ADDRESSES AND SUBMIT FILLED -IN APPLICATION FORM AND COLLECT STUDY MATERIALS FROM THE FOLLOWING REGIONAL OFFICES AND BRANCHES OF THE INSTITUTE:
*The Institute of Chartered Accountants of Indi a
ICAI BHAWAN, A-29, Sector - 62
NOIDA – 201309
Phone: 0120 3045900, Fax: 0120 3045940
E-mail: bosnoida@icai.org
(for obtaining information only)
*Chandigarh Branch of the Northern India Regional
Council of the ICAI, ‘ICAI Bhawan’, Institutional
Area, Opp.Community Centre, Sector -35 B,
CHANDIGARH -160022
Ph: 0172-5067756, Fax: 0172-2727699
E-mail : chandigarh@icai.org
*Western India Regional Council
The Institute of Chartered Accountants of India
ICAI BHAWAN, “Anveshak” 27 Cuffe Parade,
Colaba Post Box No. 6081,
MUMBAI – 400 005
Phone: 022-39893989, Fax: 022-39802953
E-mail: wro@icai.org
*Coimbatore Branch of SIRC of the ICAI,
M.S.S.Memorial Building, No. 8, Diwan Bahadur
Road, R.S.Puram,
COIMBATORE - 641 002,
Ph: 0422 2552872, 2547764, Fax: 0422 2547764
Email: coimbatore@icai.org
*Southern India Regional Council
The Institute of Chartered Acco untants of India
ICAI BHAWAN, 122, M.G. Road, Post Box No. 3314
Nungambakkam,
CHENNAI – 600 034
Phone: 044-39893989, Fax:044- 30210355
E-mail: sro@icai.org
*Ernakulam Branch of SIRC of the ICAI
57/3146, Dewan’s Road,
Er nakulam,
KOCHI - 682 016
Ph: 0484 2369238, 2372953, 2369258, Fax: 0484
2372953. E-mail: ernakulam@icai.org
*Eastern India Regional Council
The Institute of Chartered Accountants of India
ICAI BHAWAN, 7,
Anandilal Poddar Sarani, (Russell Street)
KOLKATA – 700 071
Phone: 033-39893989,
Fax: 033-30211145
E-mail: ero@icai.org
*Hyderabad Branch of The Southern India Regional Council(SIRC) SIRC of
The Institute of Chartered Accountants of India,
‘ICAI Bhawan’
11-5-398/C, Red Hills
HYDERABAD - 500 004
Ph: 040 23317026, 23393182, Fax: 040 23393200
E-mail: hyderabad@icai.org
*Central India Regional Council
The Institute of Chartered Accountants of India
ICAI BHAWAN, Post Box No. 314, 16/77B, Civil
Lines,
KANPUR – 208 001
Phone: 0512-3989398, Fax: 0512-3011173
E-mail: cro@icai.org
*Indore Branch of CIRC of the ICAI, ‘ICAI Bhawan’,
Plot No. 19 – B, Scheme No. 78, Part – II (Near
M.P. Pollution Board)
INDORE - 452 010
Ph: 0731 4298198, 3254900, Fax: 0731 4298198
E-mail: indore@icai.org
*Northern India Regional Council
The Institute of Chartered Accountants of India
ICAI BHAWAN, 52-54, Vishwas Nagar,
DELHI – 110032
Phone: 011-39893990, Fax: 011-30210680
E-mail: nro@icai.org
*Jaipur Branch of CIRC of The Institute of
Chartered Accountants of India, ‘ICAI Bhawan’
D-1, Institutional Area, Jhalana Doongri,
JAIPUR – 302 004
Ph: 0141 3989398, 3044200,3044214
Fax: 0141 3044215
E-mail: jaipur@icai.org
*Ahmedabad Branch of WIRC of
The Institute of Chartered Accountants of India,
‘ICAI Bhawan’, 123, Sardar Patel Colony
Near Usmanpura Under Bridge, P.O. Navjivan
Naranpura,
AHMEDABAD - 380 014
Ph: 079 27680946, 27680537,
Fax: 079 27680537
E-mail: ahmedabad@icai.org; ahdicai@yahoo.com
*Nagpur Branch of WIRC of the ICAI, ‘IC AI Bhawan’
20/1, Behind Vijayanand Society,
Dhantoli,
NAGPUR -440 012
Ph: 0712 2443968, 2441196
Fax: 0712 2454166
E-mail: nagpur@icai.org;
icairnag_ngp@sancharnet.in
*Bangalore Branch of SIRC of The Institute of
Chartered Accountants of India, ‘ICAI Bhawan’
No. 16/0, Millers Tank Bed Area,
BANGALORE - 560 052
Ph: 080 30563500, 30563501,
Fax: 080 22252547
E-mail: bangalore@icai.org
*Pune Branch of WIRC of
The Institute of Chartered Accountants of India,
‘ICAI Bhawan’ Plot No. 8,
Parshwanath Nagar,
CTS No. 333, Sr. No. 573,
Munjeri,
Opp. Kale Hospital,
Near Mahavir Furniture,
Bibewewadi,
PUNE - 411 037
Ph: 020- 24212250/51/52,
Fax: 020 24489732
E-mail: pune@icai.org; icaipune@vsnl.com
*Baroda Branch of WIRC of
The Institute of Chartered Accountants of India,
'ICAI Bhawan' Kalali - Tandalja Road, Atladara
VADODARA - 390012
Ph: 0265- 2681115, 2680594
Fax: 0265 - 2681115,
2680594
E-mail: baroda@icai.org
*Surat Branch of WIRC of the ICAI, ‘ICAI Bhawan’
3- A, 3rd Floor, Jaldarshan Apartments,
Opp. Multistoried Building, Nanpura,
SURAT – 395 001
Ph: 0261 2472932, 3207911, Fa x: 0261 2464413
E-mail: surat@icai.org; suraticai@yahoo.co.in
APART FROM THE ABOVE, STUDENTS MAY ALSO PROCURE PROSPECTUS FOR CPT, SUBMIT FILLED-IN APPLICATION FORM AND COLLECT STUDY MATERIALS FROM THE FOLLOWING BRANCHES OF THE INSTITUTE:
1. AHMEDNAGAR
Ahmednagar Branch of WIRC of the ICAI,
2nd Floor,
Mutha Chambers
(Old Vasant Talkies) Market Yard Road,
Ahmednagar - 414 001.
2. BANGALORE
Bangalore Branch of SIRC of the ICAI,
ICAI Bhawan No. 16/0,
Millers Tank Bed Area,
Bangalore - 560 052.
3. ERNAKULAM
Ernakulam Branch of SIRC of the ICAI,
‘ICAI BHAWAN, 57/3146,
Dewan’s Road,
Ernakulam,
KOCHI – 682 016
Kerala.
4. GHAZIABAD
Ghaziabad Branch of CIRC of the ICAI,
Yamunotri Complex,
2nd Floor, A -12,
Ambedkar Road,
Ghaziabad - 201 001.
5. GORAKHPUR
Gorakhpur Branch of CIRC of the Institute of Chartered Accountants of India,
1st Floor, Saraswati Vidya Mandir,
Mahila Mahavidyalaya Bldg.,
Opp. Tarang Theatre,
Arya Nagar,
Gorakhpur - 273 001 (U.P.)
6. GWALIOR
Gwalior Branch of CIRC of the ICAI,
F -104, Global Apartment,
Opp.Income-Tax Office,
City Centre,
Gwalior - 474 011.
7. HYDERABAD
Hyderabad Branch of The Southern India Regional Council(SIRC) of the Institute of Chartered Accountants of
India,
’ICAI Bhawan’11-5-398/C,
Red Hills,
Hyderabad - 500 004.
8. KOTA Kota Branch of CIRC of the ICAI,
65, New Grain Mandi,
Kota - 324 007.
9. NAGPUR
Nagpur Branch of WIRC of the ICAI,
ICAI Bhawan, 20/1,
Behind Vijayanand Society,
Dhantoli,
Nagpur - 440 012.
10. RANCHI
Ranchi Branch of CIRC of th e Institute of Chartered Accountants of India,
‘ICAI Bhawan’ Dr. Mukti Saran Lane,
H. B. Road,
Ranchi - 834 001.
11. SAHARANPUR
Saharanpur Branch of CIRC of the ICAI,
4/313, Bommanji Road,
Above Central Bank of India,
Near Pul Jogian,
Saharanpur - 247 001.
12. TIRUCHIRAPALLI
Tiruchirapalli Branch of SIRC of the ICAI,
G -1, Green House Apartments,
28, McDonald’s Road,
Cantonment,
Tiruchirapalli - 620 001.
13. TIRUNELVELI
Tirunelveli Branch of SIRC of the Institute of Chartered Accountants of India,
No. 65, 2nd Floor,
Kailasapuram North Street,
Tirunelveli - 627001.
14. YAMUNANAGAR
Yamunanagar Branch of NIRC of the ICAI,
SCO -1, 1st Floor,
Madhu Colony,
Near Madhu Banquet Hall,
Yamunanagar - 135 001.
for more details visit www.icai.org