Posts
Students who’ve completed their 10+2 have a number of options open for further studies. One of them is Chartered Accountancy (CA). The course is open to students of all streams — arts, science and commerce - and can also be taken up through correspondence.
The Institute of Chartered Accountants of India (ICAI) is a statutory body established for the regulation of chartered accountants in India. It is a premier accounting body recognised globally, and is now the second largest accounting body in the world. It conducts an exam twice a year — in June and December.
The three and a half year CA course involves a blend of theoretical education, practical training and time management. While there are no institutions providing training for the course, some recognised institutions do provide oral coaching classes for those keen on taking the exam. The ICAI, through its branches, supply study material to registered candidates.
Career scope
A Chartered Accountancy degree is a basic requirement in order to audit any financial matter. An accountant may start his/ her career independently as an auditor. He/she may work as a consultant in finance, banking, and investment, or become the auditor, financial advisor, or chief accountant of a company, or be hold a government job. One can also be appointed as a trustee or executor on accounting and financial matters.
The Institute of Chartered Accountants of India periodically reviews the scheme of education and training in CA at a national and global level. The profession also requires consistent updating and changes in norms and rules.
The Institute of Chartered Accountants of India has made it mandatory for students to clear the following three levels:
-Common Proficiency Test
- Integrated Professional Competency course
-CA Final Course
Level-1: Common Proficiency Test (CPT):
The CPT is an entrance level examination for admission to the CA course. It has replaced professional education (Course-1), effectively from September 13, 2006. Those interested in pursuing chartered accountancy can register for the CPT after Class 10. After completing 60 days of registration and passing the 10+2 exam, they automatically qualify for the first level. The last date to register for the June/December examination is on or before April 1/October 1, as the case may be.
The CPT course consists of two parts and four subjects:
-Fundamentals of Accounting
-Market Law
-General Economics
-Quantitative Aptitude
The paper will be of objective type and negative marking will be made for every wrong answer. The qualifying percentage is 50%. Registration and tuition fee for the CPT is Rs 6,000 and the exam fee is Rs 600. Students can obtain the prospectus and application form from the ICAI by remitting Rs 100 (Rs 40 extra for postage).
Students from Bangalore can register with the Bangalore Branch of SIRC, ICAI, Bangalore while students from the rest of the State can register at the South India Regional Centre of ICAI, Chennai. Registration is valid for a period of three years. After registration, study material will be sent to them by post. A few accredited institutes conduct oral coaching classes, as mentioned earlier. In Karnataka, there are 12 such institutes.
Level-2: Integrated Professional Competency Course (IPCC):
The Integrated Professional Competence Course (IPCC) was launched on December 10, 2008. Those who have passed the CPT and 10+2 examination may enroll for IPCC. It has six subjects and seven papers, divided into two groups.
Group-1 — Accounting, Business law, Ethics and Communication, Cost Accounting, Financial Management and Taxation (Income Tax and Service Tax).
Group-2 — Advanced Accounting, Auditing and Insurance, Information Technology and Strategic Management. Candidates may take the course, one group at a time or both clubbed together.
The Institute of Chartered Accountants of India (ICAI) is a statutory body established for the regulation of chartered accountants in India. It is a premier accounting body recognised globally, and is now the second largest accounting body in the world. It conducts an exam twice a year — in June and December.
The three and a half year CA course involves a blend of theoretical education, practical training and time management. While there are no institutions providing training for the course, some recognised institutions do provide oral coaching classes for those keen on taking the exam. The ICAI, through its branches, supply study material to registered candidates.
Career scope
A Chartered Accountancy degree is a basic requirement in order to audit any financial matter. An accountant may start his/ her career independently as an auditor. He/she may work as a consultant in finance, banking, and investment, or become the auditor, financial advisor, or chief accountant of a company, or be hold a government job. One can also be appointed as a trustee or executor on accounting and financial matters.
The Institute of Chartered Accountants of India periodically reviews the scheme of education and training in CA at a national and global level. The profession also requires consistent updating and changes in norms and rules.
The Institute of Chartered Accountants of India has made it mandatory for students to clear the following three levels:
-Common Proficiency Test
- Integrated Professional Competency course
-CA Final Course
Level-1: Common Proficiency Test (CPT):
The CPT is an entrance level examination for admission to the CA course. It has replaced professional education (Course-1), effectively from September 13, 2006. Those interested in pursuing chartered accountancy can register for the CPT after Class 10. After completing 60 days of registration and passing the 10+2 exam, they automatically qualify for the first level. The last date to register for the June/December examination is on or before April 1/October 1, as the case may be.
The CPT course consists of two parts and four subjects:
-Fundamentals of Accounting
-Market Law
-General Economics
-Quantitative Aptitude
The paper will be of objective type and negative marking will be made for every wrong answer. The qualifying percentage is 50%. Registration and tuition fee for the CPT is Rs 6,000 and the exam fee is Rs 600. Students can obtain the prospectus and application form from the ICAI by remitting Rs 100 (Rs 40 extra for postage).
Students from Bangalore can register with the Bangalore Branch of SIRC, ICAI, Bangalore while students from the rest of the State can register at the South India Regional Centre of ICAI, Chennai. Registration is valid for a period of three years. After registration, study material will be sent to them by post. A few accredited institutes conduct oral coaching classes, as mentioned earlier. In Karnataka, there are 12 such institutes.
Level-2: Integrated Professional Competency Course (IPCC):
The Integrated Professional Competence Course (IPCC) was launched on December 10, 2008. Those who have passed the CPT and 10+2 examination may enroll for IPCC. It has six subjects and seven papers, divided into two groups.
Group-1 — Accounting, Business law, Ethics and Communication, Cost Accounting, Financial Management and Taxation (Income Tax and Service Tax).
Group-2 — Advanced Accounting, Auditing and Insurance, Information Technology and Strategic Management. Candidates may take the course, one group at a time or both clubbed together.
0 komentar:
Post a Comment