chartered accountacy course overview

8/7/2019 Chartered Accountacy Course Overview

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Chartered Accountancy

Global career opportunities through

a premier professional Institute

Board of Studies

The Institute of Chartered Accountants of India

New Delhi


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About the Institute

The Institute of Chartered Accountants of India (ICAI)is the premier professional accounting body of thecountry, established in July, 1949 under the CharteredAccountants Act, 1949, as amended by the CharteredAccountants (Amendment) Act, 2006 enacted by the

Parliament to regulate the profession of CharteredAccountants in India.

Headquarters in New Delhi.

5 Regional Offices located in Mumbai, Chennai,

Kolkata, Kanpur and New Delhi. 119 Branches in India.

344 CPE Chapters/Study Circles/Study Groups in India.

21 Chapters outside India.


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Career Opportunities

for Chartered AccountantsWhy Chartered Accountancy Course?

Chartered Accountancy Course offers the students adream career in the specialized areas of Accounting,Auditing, Corporate Finance, Corporate Laws,

Taxation. Chartered Accountants are highly demanded

professionals in industry.

Chartered Accountants are statutorily recognized auditpractitioners.

Chartered Accountants are greatly sought-afterprofessionals in the practice of Income-tax, Service-taxand other indirect tax areas.

Chartered Accountants are equipped to act asmanagement consultants.


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(1) Independent Professional Practice

(2) Management Consultancy service/practice(3) Service in industry / Govt. organisation

(1) Independent Professional Practice

As practitioners of accounting, CAs may start professional practice as aproprietor or join any firm as a partner or staff member. A CA providescompliance and review services, also acts as a business advisor byrendering all kinds of services including the preparation of financialreports, helping the business to secure loans, preparing financialprojections and determining the viability of a business in followingtraditional areas besides practising:

(1) Audit(2) Income Tax

(3) Service Tax

(4) Value Added Tax


for Chartered Accountants


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(2) Management Consultancy Services

A CA plays a vital role in assisting businesses to

improve the use of their resources, increase theirefficiency and achieve their objectives. The range ofmanagement consultancy services rendered by CAsreflect their expertise in diverse areas like

(1) Financial Management

(2) Strategic Management(3) Planning and financial policy determination.




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(3) Service in Industry/Government Organisation

A CA may prefer to join an industry or governmentdepartment and ultimately hold responsible positions.Alternately, a CA may take up the job of an educator ata University/college level. Many chartered accountantshold responsible positions in business or industrialentities as CEOs, CFOs, COOs, Managing Directors,Director (Finance), in the following sectors:-

(1) Banking(2) Information Technology(3) Insurance.




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CPT Examination

Twice a year in June and December

Appeared or passed in 12th standard examination

and registered for CPT at least 2 months prior to

the first day of the month in which the CPT

exam is scheduled to be held.

Students appearing in 12th class examination in

March 2010 will be eligible to appear in CPT

examination to be held in June 2010. There is also provision for On-line CPT

Examination.


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CPT Examination

For December 2009 examination, students

should register for CPT course with the

Board of Studies of the Institute on or

before 1st October 2009.

CPT Prospectus containing registration

form is available for Rs.100/ from the

regional and branch offices of the Instituteall over India.


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CPT Examination

After getting registered for CPT course,students are required to fill in CPT

examination form separately.

For CPT June/December examination,

Information Brochure cum ApplicationForm costing Rs.600/ (inclusive of

examination fee) would be available from

all regional and branch offices of ICAI inthe month of April/October onwards.

CPT exam Notification/Announcement may

be looked for in Newspapers/www.icai.org


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Pattern of Objective Type

Questions One question having four alternative answers.

Fill in the blanks having four alternative

answers.

Small paragraph of two-three lines, followed by

a question having four alternative answers.

Numerical having four alternative answers(wherever applicable).


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Fee structure

Fee for (i) Indian students residing in India

and other SAARC countries and Bhutan

(ii) Students belonging to other SAARC

countries and Bhutan

Rs. 6,000

Fee for (i) students of foreign countries

other than SAARC countries and Bhutan

(ii) Indian students residing abroad (other

than SAARC countries and Bhutan)

US$ 350

(approx.)


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To Qualify as a Chartered

Accountant

Enrol for Common Proficiency Test (CPT), afterpassing Class 10 examination

Appear and pass in CPT after appearing in (10+2).However, you should pass both CPT and 10+2 beforeregistering for Integrated Professional CompetenceCourse (IPCC)

Enrol for Group I or Group II or for both Group I andGroup II of IPCC

Successfully complete 9 months of Study Course fromthe date of IPCC registration

Successfully complete Orientation Course of one weekspanning 35 hours and covering topics, such aspersonality development, communication skills, officeprocedures, business environment, general commercialknowledge, etc.


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Accountant Successfully complete 100 hours Information TechnologyTraining (ITT)

Appear and pass Group I as well as Group II of IntegratedProfessional Competence Examination (IPCE)

Group I comprises of four papers as under:

(1) Accounting

(2) Business Laws, Ethics and Communication

(3) Cost Accounting and Financial Management

(4) Taxation.

Group IIconsists of three papers:

(5) Advanced Accounting

(6) Auditing and Assurance

(7) Information Technology and Strategic Management.

Register as Articled Assistant for a period of 3 years, on passing

either Group I or both Groups of IPCE.


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Accountant Appear in CA Final Examination during the

last 6 months of 3 years of articled training

Pass Group I as well as Group II of CA FinalExamination

Complete 3 years period of articled training

Successfully complete the Course on General

Management and Communication Skills (15days)

Enrol as a member of ICAI and be eligible todesignate yourself as Chartered Accountant


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Successfully complete 100 hours InformationTechnology Training (ITT)

Pass Group I of Integrated Professional CompetenceExamination (IPCE)

Group I comprises of four papers:(1) Accounting

(2) Business Laws, Ethics and Communication.


(4) Taxation. Successfully complete one year work experience under

a chartered accountant in practice or in industry

Get ATC Certificate

Designate as Accounting Technician

To become an Accounting Technician

(Accounting Technician Course)


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To become a CA, even after

becoming Accounting Technician

Enrol for Group II of Integrated ProfessionalCompetence Course (IPCC)

Register as an Articled Assistant for a period of 3years

Pass Group II of IPCE Appear in CA Final Examination during the last 6

months of 3 years of articled training

Pass both Groups of CA Final Examination

Complete 3 years period of articled training

Successfully complete the Course on GeneralManagement and Communication Skills (15 days)

Enrol as a member of ICAI to be eligible todesignate yourself as Chartered Accountant.


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Course Structure at a GlanceAccounting Technician Course

(CPT + ATC)Common Proficiency Test (CPT)

Section A Fundamentals of AccountingSection B Mercantile LawsSection C General EconomicsSection D Quantitative Aptitude.

Accounting Technician Course (ATC)

(1) Accounting(2) Business Laws, Ethics and Communication


(4) Taxation (Direct & Indirect Taxes).


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ATC (CPT + ATC)

Accounting Technician Course (ATC)

1. Accounting

2. Business Laws, Ethics and

Communication,Part-I Law Business Laws, Company Law,

Part-II Business Ethics,

Part-III Business Communication,

3. Cost Accounting and Financial Management4. Taxation (Direct & Indirect Taxes).


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Chartered Accountancy Course

(CPT + IPCC+ CA Final)

Common Proficiency Test (CPT)

Section A Fundamentals of

Accounting

Section B Mercantile Laws

Section C General Economics

Section D Quantitative Aptitude.


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Integrated Professional

Competence Course (IPCC)

Group-I1. Accounting2. Business Laws, Ethics and Communication,

Part-I Law Business Laws Company LawPart-II Business Ethics

Part-III Business Communication3. Cost Accounting and Financial ManagementPart-I Cost AccountingPart-II Financial Management

4. Taxation (Direct & Indirect Taxes)


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Integrated Professional

Competence Course (IPCC)

Group-II5. Advanced Accounting

6. Auditing and Assurance

7. Information Technology andStrategic Management.


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CA Final

Group-I

1. Financial Reporting2. Strategic Financial Management

3. Advanced Auditing and Professional

Ethics4. Corporate and Allied Laws.


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CA Final

Group-II

5. Advanced Management Accounting6. Information Systems Control and

Audit

7. Direct Tax Laws8. Indirect Tax Laws (Central Excise,

Service Tax & VAT, Customs).


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100 Hours Information

Technology Training (ITT)

The training components would focus onapplication softwares relevant for accountingand auditing.

In addition, knowledge of Electronic SpreadSheet, Data base Management System, Web-technology and System Security andMaintenance are strengthened.

The ITT has been linked to theoreticalknowledge imparted through InformationTechnology subject under Group II of IPCC.The training synchronizes theoreticalknowledge with practical training.


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100 Hours Information

Technology Training (ITT)

The 100 Hours ITT would commence

after a student gets registered for IPCC.

The 100 hours ITT is conducted through

Regional Councils and Branches of the

ICAI for which a separate fee is charged.

The 100 hours ITT is moduled in 20/40

days @ 5/3 hours per day on full time

basis.


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About 100 hrs. Information

Technology Training

Topic Duration

Introduction to Computer 1 hr.

Operating Systems 6 hrs.

Introduction to Word Processor

MS-Word 2007

6 hrs.

Introduction to Electronic Spread

Sheets MS-Excel 2007

15 hrs.

Introduction to Presentation

Software MS-PowerPoint 2007

5 hrs.

Data Bases 15 hrs.


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About 100 hrs. Information

Technology Training

Topic Duration

Other Utilities & Office Automation

Tools Outlook 2007

3 hrs.

Accounting package 20 hrs.Computer Aided Audit Techniques 12 hrs.

Web Technology & System Security

and Maintenance

10 hrs.

Introduction to Visual Basic 5 hrs.

Digital Signature and Verification

of Electronic Records

2 hrs.

Total 100 hrs.


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Pursue B. Com and M. Com.Courses

To facilitate pursuance of graduation and

post-graduation courses by the students,

ICAI has entered into MOUs with the

following Universities:(i) Indira Gandhi National Open University

(IGNOU), New Delhi.

(ii) Netaji Subhas Open University, Kolkata.

(iii) Guru Jambeshwar University, Hisar.

(iv) Bharathiar University, Coimbatore

for B.Com/BBA, M.Com/MBA.


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PLACEMENT OPPORTUNITIESPackages offered by different companies

in the Campus Interviews conducted

during March April, 2009

Salary Range per annum Number of

Candidates

Rs. 9 lacs & above 11

Rs. 7.50 lacs to Rs. 8.99 lacs 79

Rs. 5 lacs to Rs. 7.49 lacs 189

Rs. 3.50 lacs to Rs. 4.99 lacs 105

Rs. 3 lacs to Rs. 3.49 lacs 11


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Top Recruiters


Campus Interviews

Sl.

No.

Company Name Selected

1. Jaypee Capital Services Ltd. 64

2. IOCL 40

3. SBI 34

4. Genpact 28

5. SIDBI 18

6. Power Grid Corporation Ltd. 18


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Top Ten Remunerations offered


Campus Interviews

Sl. No. Company Name

Remuneration Offered

(Rs. In lacs P.A.)

1.

Tolaram Corporation Pvt. Ltd. 23.00

(International Posting)

2. SEBI 9.003. Power Grid Corporation 8.50

4. Nestle India Ltd. 8.00

5. Jaypee Capital Services Ltd. 7.50

6. ONGC 7.50

7. BPCL 7.20

8.

Rural Electrification Corporation

Ltd. 7.00

9. IOCL 6.68

10. Credit Suisse India Pvt. Ltd. 6.50

11. PWC 6.32


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The average salary offered

Rs. 6.06 lacs per annum

duringMarch April, 2009

Campus Interviews


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Trends of Pass Percentages

in CA ExaminationCPT Examination

37.82

38.42

33.56

31

32

33

34

35

36

37

38

39

June, 2008

Dec.-2008

June,2009


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in CA ExaminationProfessional Education (Examination-II)

20.53

12.05

3.76

1.810.25

7.98

16.97

28.30

20.52

0

5

10

15

20

25

30

Group-I Group -II Both Groups

May,08

Nov.-08

June,09


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in CA ExaminationProfessional Competence Examination

36.96

30.52

38.31

22.4221.05

22.8225.44

14.2714.68

0

5

10

15

20

25

30

35

40

45

Group-I Group-II Both Groups

May,08

Nov.-08

June-09


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in CA ExaminationFinal Examination

36.72

32.42

25.00

28.32

20.27

27.8324.16

15.0413.85

0

5

10

15

20

25

30

35

40

Group-I Group-II Both Groups

May,08

Nov-08

June-09


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Fee Structure for CA Course at a glance

as on 01.07.2009

1. Common Proficiency Test (CPT)Registration Fee : Rs. 6,000

Exam Fee : Rs. 600

2. Accounting Technician Course (ATC)

Registration Fee : Rs. 10,000

Exam Fee : Rs. 1,000

3. Integrated Professional Competence Course (IPCC)Registration Fee : Rs. 9,000


4. Final Examination

Registration Fee : Rs. 8,500


5. Orientation Fee for IPCC students : Rs. 3,000*6. 100 hours ITT Fee : Rs. 4,000*

7. GMCS Fee : Rs. 4,000*Total Rs.49,950

* Likely to undergo revision shortly.


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Minimum Stipendpayable per month to

articled assistants

I year II year Remainingperiod

Totalduring

3-year

period

Cities/Towns having

population of 20 lakhs

and above

1,000 v 12

= 12,000

1,250 v 12

= 15,000

1,500 v 12

=18,000

45,000

Cities/Towns having

population of above 4

lakhs but less than 20

lakhs

750 v 12 =

9,000

1,000 v 12

= 12,000

1,250 v 12

= 15,000

36,000

Cities/Towns having

population of less than

4 lakhs

500 v 12 =

6,000

750 v 12 =

9,000

1,000 v 12

= 12,000

27,000


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http://www.icai.org/

[email protected]

chartered accountacy course overview

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