Final Examination:

The subjects for study in the Final CA course are as follows: 

  Group-I 

 

     Advanced Accounting,  Management Accounting and Financial Analysis, Advanced Auditing, Corporate Laws and Secretarial Practice 

  Group -II 

 

      Cost Management,  Management Information and Control Systems,  Direct Taxes,  Indirect Taxes 

 Practical Training: 

             Practical training provides an opportunity to students to acquire on the job work experience of a professional nature.  He learns the skill of profession while working with a practicing Chartered Accountant and also works as a Industrial trainee for about one year in an approved industrial establishment during the last year of practical training.  Students of Final Chartered Accountancy course are eligible for industrial training.

 Stipend:

            An Articled Clerk is entitled to receive monthly stipend as per the rates specified from time to time.  Minimum rate of monthly stipend depends on the place of services of the articled clerks.  The rate details of the current year i.e. 2002, are as under:

 Sl. No.        Place specifications                                                                                                                                                              Rate/Period                                          3^rd  year      Ist year          2^nd year

1	Cities/Towns having population of less than 3 lakhs	200	300	450
2	Cities/Towns having population of 3 lakhs and above but less than 20 lakhs	300	450	600
3.	Cities/Towns having population of 20 lakhs and above	450	600	800

After passing the intermediate or the Professional Education (Examination-II) an Articled Clerk also get additional stipend of Rs.300 during the articleship. 

 Membership: 

 

            After qualifying  the Final Examination of Chartered Accountants, one becomes eligible for admission as a member of the Institute.  Such a person is, thereafter, recognized as “Associate Member” of the Institute.

            A person who is an Associate Member and is in continuous practice for minimum five years and possesses the experience prescribed is entitled for “Fellow Membership”.

            A member desirous of practicing as a Chartered Accountant is required to obtain a Certificate of Practice from the Institute. 

Job Opportunities: 

 

            Campus interviews for freshly qualified Chartered Accountants are organized by the Institute at various Centres viz. Bangalore, Kolkata, Chennai, Kanpur, Mumbai and New Delhi.  The scheme has been evolved to provide an opportunity to employing organisations as wello as yuoung professional aspirants to interact and explore the possibility of taking up positions in industry.

            Chartered Accountants have various options for pursuing rewarding career.  Some of the available options are:-

*           Set up independent professional practice.

*           Join a practicing firm of Chartered Accountants.

*            Render services in the field of capital market.

*            Engage in your own industrial/business venture.

*           Take up a suitable position in business or industry.

            The choice depends largely on your personal inclination.  First four choices indicated above offer good opportunity for development as a useful member of the professional and the society, ensuring amongst others, economic reward and scope for self-fulfilment.  Starting one’s own industrial or business venture is also now becoming popular among Chartered Accountants.  The Institute currently has about 1,00,000 members, 70%of whom are in public practice and remaining are engaged in trade and industry.

            Chartered Accountants are appointed Trustees and Executors, under a Will or Trust, to carry on the administration of an estate or settlement in collaboration with solicitors or lawyers.  They act as administrators and receivers custodians and arbitrators on accounts and financial matters.  Many in due course have risen to occupy managerial and senior executive posts of responsibility, like Chief Accountant, Financial Advisor, Internal Auditor, General Manager, Company Director etc.  Nevertheless most Chartered Accountants concerns are normally advertised.  Most employers also notify junior-level vacancies to Employment Exchanges.  Better paid Government posts are filled through the Union and State Public Service Commissions.