CA knowledge

Chartered Accountancy [CA]" course is the BEST professional course in India CA Course backed by theoretical and practical knowledge During Articleship practical exposure is available CA course offered by ICAI has been ranked No. 2, worldwide

How to Enter into CA Course?

1. Start CA Course through CPT Route 2. Enter into CA Course through Direct Entry

Through CPT Route

(i) Enroll with the ICAI Institute for Common Proficiency Course (CPC) after passing class 10th examination ii) Appear in CPTexamination after appearing in the Senior Secondary Examination (10+2 examination)

Through Direct Route

Who are eligible?

I. Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%) II. Candidates who have passed Intermediate level examination of ICSI or ICWAI

About CPT

CPT is entry Level Examination for CA course CPT Contains 4 Papers CPT is objective type examination requiring student to answer 200 Multiple Choice questions (it is similar to MH-CET examination, conducted for Engineering and Medical Profession) CPT Examination is now conducted two times a year, in June and December only

CPT – Subjects for Study& Examination Pattern

Session – I (10.30 AM to 12.30 PM) Sections Subjects Marks Section A Fundamentals of Accounting 60 Section B Mercantile Laws 40 Session – II (2 PM to 4 PM) Section C General Economics 50 Section D Quantitative Aptitude 50 Total 200

Expected Level of Knowledge : Basic Knowledge

CPT – Passing Criteria

Student has to obtain minimum 100 marks i.e. 50% of total Marks(200) for passing CPT No Subject wise linkage for passing CPT Negative marking of 0.25 Marks for every incorrect answer Blank answer will fetch Zero marks

Marks Evaluation System

Attempting Questions Marks For the Question Marks awarded Questions attempted & found correct 110 110 Questions attempted & found incorrect 40 -10 Questions not attempted 50 00 Total 200 100

Result: 50.00 %. PASS

CPT Registration Procedure

Last Date: 60 days before the first day of the month in which exam takes plac 31st March for June attempt 30th September for December attempt

After Passing CPT Then join IPCC

Integrated Professional Competence Examination (IPCE) - Eligibility

Student has passed CPT and 10 + 2 Exam or Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%) or Candidates who have passed Intermediate level examination of ICSI or ICWAI. Student has registered for IPCC at least 9 months before examination. Student has completed a course on 100 Hours of ITT.

100 Hours Information Technology Training (ITT)

The student is required to undergo 100 Hours of ITT with ICAI after registration for IPCC. Course materials will be provided by ICAI

Integrated Professional Competence (IPC) Course Contain Two Groups

Group 1 Subjects Marks Accounting 100 Law Ethics and Communication 100 Cost Accounting 50 Financial Management 50 Taxation Part I: Income tax 75 Part II: Service tax and VAT 25

Group  2 Subjects Marks Advanced Accounting 100 Auditing and Assurance 100 Information Technology & Strategic Management Section A  Information Technology 50 Section B Strategic Management 50

Expected Level of Knowledge : Working Knowledge

Passing % = 40% in each Subject & Aggregate 50%

Articlship begins after passing IPCE

Final Course – Journey to destiny

Articleship

To begin Articleship student should pass at least Group 1 (not necessarily Both Groups) of IPCE and should have completed ITT of 100 Hours The unique requirement of practical training is instrumental in shaping a well-rounded professional Total Duration: 3 years Last 1 year student can join for Industrial Training Stipend is paid during the Articleship period

Attribute developed during Articleship

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 organisations operate. Develops ethical values

Articleship – Work experience

Accounting Auditing (including internal audit, Statutory audit, Management audit,etc) Taxation (Direct and Indirect) Information technology Management Consultancy Other areas

Articleship – Minimum Monthly Stipend

No City Classification 1st Year 2nd Year 3rd Year 1 Population of 20 Lakhs & above 1000 1250 1500 2 Population of 4 Lakhs & Above 750 1000 1250 3 Population less than 4 lakhs 500 750 1000

CA Final Course

Case Study approach Study at advanced level Application of knowledge gathered during Articleship Case laws Interpretation of statutes

CA Final – Eligibility

Student has passed Both Groups of IPCE & Student has completed 2½ years Articleship

CA Final Course Contains 2 Groups

Group 1 Subjects Marks Financial Reporting 100 Strategic Financial Management 100 Advanced Auditing & Professional Ethics 100 Corporate Laws & Secretarial Practice 100

Group 2 Subjects Marks Advanced Management Accounting 100 Information Systems Control 100 Direct Taxes 100 Indirect Taxes 100

Passing % = 40% in each Subject & Aggregate 50%

Expected Level of Knowledge : Advanced Knowledge Pass Final examination & Enroll as a member of ICAI and be designated as “Chartered Accountant”.

Type of Members

A C A (Associate Member of the Institute of Chartered Accountants of India)

F C A (Fellow Member of the Institute of Chartered Accountants of India)

Types of Certificates

Certificate of Membership

Certificate of Practice