Hi again,
Ha........passed CA final exam, now what to do?
Job? Practice? Study any other course????
There are various options available for a qualified Chartered Accountant. Lets discuss some of the available options:-
- Set up a practice on your own
- Join as a partner in any established firm
- Attend Campus placements and join a corporate
- Apply directly to companies and join them
- Join a reputed Chartered accountant's firm as a qualified assistant
- Join in a new course ( ICWA, CS, MBA,etc.....)
- Do Post CA courses and Certificate courses offered by ICAI
- Leave profession and become a entrepreneur
The above are few of the countless available options available for a qualified CA.
You may suggest some more options to me which i have missed.
In the next post, Lets know about our Institute i.e. 'Institute of Chartered Accountants of India'.
Hi all,
Now, lets know about each of the exams in brief.
1. Common Proficiency test (CPT) [ June & December ]
{ Level of Knowledge required : Basic Knowledge }
Eligibility:- For Registration :- Student who passes Class 10 exam
For Appearing in the exam :- Student who passed 10+2 exam
When to Register? :- For June exam - On or before 1st April
For December exam - On or before 1st October
Structure of exam :-
Objective type exam with negative marks - 2 Sessions of 2 hrs each -
Max. 200 marks - Pass 100 marks
Session 1 :- Section A - Fundamentals of Accounting (60 Marks)
Section B - Mercantile laws (40 Marks)
Session 2 :- Section A - General Economics (50 Marks)
Section B - Quantitative Aptitude (50 Marks)
2. Integrated Professional Competence Examination (IPCE) [ May & November ]
{ Level of Knowledge required : Working Knowledge }
Eligibility :-
For Registration :- Student who passed CPT
For Appearing in the exam :- Registered students who completed 100 hours of Information Technology Training (ITT) and who undergone Orientation programme.
Structure of exam :-
Descriptive exam of 3 hours for each subject - 2 Groups - Total 7 papers
Maximum 700 marks - Pass 350 marks
(Minimum 40% in each subject and aggregate 50%)
Group 1 :- Paper 1 - Accounting (100 Marks)
Paper 2 - Law,Ethics,Communication
Part I : Law - Business law (30 Marks)
Company Law (30 Marks)
Part II : Business Ethics (30 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 & VAT (25 Marks each)
Group 2 :- Paper 5 - Advanced Accounting (100 Marks)
Paper 6 - Auditing and Assurance (100 Marks)
Paper 7 - Information Technology and Strategic Management
(50 Marks each)
3. Final [ May & November ]
{ Level of knowledge required : Advanced Knowledge }
Eligibility :- Student who completed Articles
Structure of exam :-
Descriptive exam of 3 hours each - 2 Groups - 8 subjects
Maximum marks 800 marks - Pass 400 marks
( Minimum 40% in each subject and aggregate 50% )
Group 1 :- Paper 1 - Financial Reporting
Paper 2 - Strategic Financial Management
Paper 3 - Advanced Auditing and Professional Ethics
Paper 4 - Corporate and allied laws
Section A - Company law (70 Marks)
Section B - Allied Laws (30 Marks)
Group 2 :- Paper 5 - Advanced Management Accounting
Paper 6 - Information systems control and audit
Paper 7 - Direct tax laws
Paper 8 - Indirect tax laws
Section A - Central Excise (50 Marks)
Section B - Service tax & VAT (40 Marks)
Section C - Customs (20 Marks)
So, Total duration of CA course is 4 years from completion of 10+2 exam.
In next post, 'What after passing CA?' will be discussed.
Hi all,
Chartered Accountancy is the ultimate profession in the field of accountancy. Nowadays, a Chartered accountant is simply not only a accountant or auditor or a tax consultant but also involved in management level aspects also. A Chartered Accountant is playing a crucial role in successful running of big corporations.Chartered Accountants are rendering services in every walk of economic life - Politics, Judiciary, Government, Agriculture, Corporate, NGOs and many more.
In order to become a Chartered Accountant (Shortly called CA), one has to pass the exams conducted by 'The Institute of Chartered Accountants of India (ICAI)'. Many students feel CA exams are very difficult as very few students clear the exams every year. But if a student has the following two important qualities, he can easily clear the CA exam.
1. Strong determination to become a Chartered Accountant
2. Hard work with great concentration
The following are the examinations to be passed by a student to become a CA:-
1. Common Proficiency test (CPT)
2. Integrated Professional Competence Examination (IPCE)
3. Final
The following are the detailed steps:-
a) Pass Intermediate/+2 and register for CPT.
b) Appear and clear CPT exam.
c) Register for IPCC, attend 100 hours Information technology training (ITT) and Orientation
course.
d) After passing IPCC group 1 or both groups, register for Articles.
e) Complete the 3 year articles with a Practicing CA.
f) Appear and pass the Final exam.
g) Register for membership in ICAI.
h) Attend Post qualification courses or certificate courses offered by ICAI.
More details regarding the courses and syllabus will be in the Part 2.
