Hiiiii......... any one want to doing CA.... then check this way........ its help u ..... :) Flowchart on how to become a Chartered Accountant by the Examination route The CPT or Common Proficiency Test is the first level of Chartered Accountancy examinations. A person can register for CPT after completing Grade 10 and take the exam after completing High School (Grade 12). It is an objective type examination and consists of 200 multiple choice questions. CPT covers four basic subjects divided into two sections viz. 1.Fundamentals of Accounting(60 Marks)+ Mercantile Laws(40 Marks) and 2.Economics(50 Marks)+ Quantitative Aptitude(50 Marks). Every incorrect answer on the CPT exam carries a 0.25 negative mark..A candidate is required to secure a minimum of 30 per cent marks in each Section and a minimum of 50 per cent marks in aggregate in all the four Sections to pass the Common Proficiency Test.[2] CPT exams are held in June and December in paper pencil mode. On-line CPT exams are also conducted periodically. But with effect from 3rd Aug 2012 CPT is exempted for the Graduates, Post Graduates and the students having equivalent degrees. Commerce graduates with 55% and other graduates with 60% can take direct admission for IPCC. IPC IPC or Intermediate Professional Course is the second level of Chartered Accountancy examinations. A person can take the IPC Examination after passing CPT and nine months of study. IPC has two groups of seven subjects. Group - I consists of four subjects and Group - II of three subjects.Group - 1, 1.Accounting, 2.Business Laws, Ethics and Communication,3.Cost Accounting and Financial Management, 4.Taxation; Group 2: 5.Advanced Accounting 6. Auditing and Assurance 7. Information Technology and Strategic Management. A passing grade is awarded if the candidate obtains 40% marks in each subject and 50% in aggregate in each group. Final CA Final Examination is the last and final level of Chartered Accountancy Examinations. Any person who has passed both the groups of IPCC, during the last twelve months of articleship can take the Final Examination. This exam consists of two groups of four subjects each viz. Financial Reporting, Strategic Financial Management, Advanced Auditing and Professional Ethics, Corporate and Allied Laws, Advanced Management Accounting, Information Systems Control and Audit, Direct Tax Laws and Indirect Tax Laws. A passing grade is awarded if the candidate obtains 40% marks in each subject and 50% in the aggregate in each group. ICAI conducts CPT exams in June and December, IPCC and Final examinations in May and November each year. Examinations are conducted in major cities in India and other countries such as Abu Dhabi (U.A.E.), Dubai (U.A.E.) and Kathmandu (Nepal). ICAI updates content and format of examinations periodically in keeping with technical progress and changes in practice of the profession. The ICAI last revised its training course for membership in 2008.[3] for the final year. Articled and industrial training After passing Group - I of IPCC, a candidate must undergo a rigorous 3 year on-the-job training as article or audit assistant, articleship. Only members in practice are entitled to engage GMCS General Management and Communication Skills Course or GMCS is a 15 day mandatory course and was introduced in 2002 to improve business communication, presentation and interpersonal skills of Chartered Accountants. Completion of the course is a pre-requisite for obtaining membership and can be taken twice, once during the first year of the articleship training and second during the last 12 months of Articleship, before or after appearing for the final examinations. Discrimination ...................................................................................................................................................................................................................................................... ..................................................................................................................................................................................................................................................... In this IPCC curriculum only working knowledge of core and allied subjects to accountancy profession is covered, while at the Final (New) 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. This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme. Eligibility Requirement for Registration: A student who has passed Common Proficiency Test and 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 may join the Integrated Professional Competence Course. ITT & Orientation: A student has to register and undergo orientation programme of 35 hours & 100 hours ITT before registering for Articleship. Both programs are conducted by ICAI branches. Registration has to be done with ICAI. Registration Fee: Registration fee is Rs. 11,000 for both groups of IPCC including Fee for Articleship. Fee for ITT is Rs. 4,000 and fee for Orientation is Rs. 3,000 Exam Schedule: IPCC exam is conducted twice a year i.e. May and November. Requirement for Appearing in IPCC Exam: Student has registered for IPCC at least 9 months before the first day of the month in which the examination is held i.e. for May attempt registration should be done on or before 31st July of the year previous to the exam year and for November attempt registration should be done on or before 31st January of the year of exam. Student has completed 100 Hours of Information Technology Training Student has completed 35 Hours of Orientation programme. Option to give both Groups: A student may register for both groups. However he may appear for Both Groups simultaneously OR appear for Group I first, then start Articleship and then appear for Group II during the Articleship. Passing Criteria for IPCC: If Student appears for Both Groups simultaneously: A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of Both Groups AND Minimum 50% marks in the aggregate of all the papers of both Groups taken together. If Student appears for only one Group: A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of the Group AND Minimum 50% marks in the aggregate of all the papers of that Group. Exemption: If student fails in Group but gets 60 or more marks in any of the subject, he will be declared as passed in that subject. In case of failure in any one subject he has to reappear for all subjects of that group which are not exempt. ...................................................................................................................................................................................................................................................... Home CA COURSE OUR CA RANK HOLDERS NEW BATCHES OUR FACULTY ADVANTAGES CONTACT Integrated Professional Competence Course(IPCC) Subjests & Exam Details In this IPCC curriculum only working knowledge of core and allied subjects to accountancy profession is covered, while at the Final (New) 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. This balanced approach will help the students to appreciate the underlying practical applications of the theoretical education scheme. Eligibility Requirement for Registration: A student who has passed Common Proficiency Test and 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 may join the Integrated Professional Competence Course. ITT & Orientation: A student has to register and undergo orientation programme of 35 hours & 100 hours ITT before registering for Articleship. Both programs are conducted by ICAI branches. Registration has to be done with ICAI. Registration Fee: Registration fee is Rs. 11,000 for both groups of IPCC including Fee for Articleship. Fee for ITT is Rs. 4,000 and fee for Orientation is Rs. 3,000 Exam Schedule: IPCC exam is conducted twice a year i.e. May and November. Requirement for Appearing in IPCC Exam: Student has registered for IPCC at least 9 months before the first day of the month in which the examination is held i.e. for May attempt registration should be done on or before 31st July of the year previous to the exam year and for November attempt registration should be done on or before 31st January of the year of exam. Student has completed 100 Hours of Information Technology Training Student has completed 35 Hours of Orientation programme. Option to give both Groups: A student may register for both groups. However he may appear for Both Groups simultaneously OR appear for Group I first, then start Articleship and then appear for Group II during the Articleship. Passing Criteria for IPCC: If Student appears for Both Groups simultaneously: A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of Both Groups AND Minimum 50% marks in the aggregate of all the papers of both Groups taken together. If Student appears for only one Group: A student will be declared to have passed if he secures in one sitting Minimum 40% marks in each paper of the Group AND Minimum 50% marks in the aggregate of all the papers of that Group .................................................................................................................................................................................................................................................. There are total 7 subjects in both the groups of IPCC. Group I has 4 subjects and Group II has 3 Subjects Group Paper Subjects Marks Break Up Marke I 1 Accounting 100 2 Law, Ethics and Communication Part I:Law 60 Part II: Business Ethics 20 Part III: Business Communication 20 100 3 Cost Accounting and Financial Management Part I: Cost Accounting 50 Part II: Financial Management 50 100 4 Taxation Part I: Income-tax 50 Part II: Service Tax 25 Part III: Value Added Tax (VAT) 25 100 100 II 5 Advanced Accounting 100 6 Auditing and Assurance 100 7 Information Technology and Strategic Management Section A: Information Technology 50 Section B: Strategic Management 50 100 Total.................. 700
Posted on: Fri, 02 Aug 2013 09:04:35 +0000
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