Tuesday, November 16, 2010

How to become a Chartered Accountant? Part 2

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.




    

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