How to become a Chartered Accountant?

manpreet Best Answer 2 years ago

CA or Chartered Accountancy is one of the most reputed designations across the world. It takes immense amount hard work and focus to become a qualified CA. This article focuses on all the basics of CS course. Here you will definitely good knowledge about How to become a Chartered Accountant. Chartered Accountant (CA) course details : The Chartered Accountancy course and profession in India is regulated by The Institute of Chartered Accountants of India (ICAI), New Delhi. Step by step procedure to Become Chartered Accountant: (CA) comprises of 4 important levels. 1) Common Proficiency Test (CPT) 2) Integrated Professional Competence Course (IPCC)/IPCE 3) Three years articleship/training under a practising CA 4) CA (Final) The requirements to become a chartered accountant are as follows: Register for CPT: Register with the Institute of Chartered Accountants of India (ICAI) for Common Proficiency Test (CPT) after passing class 10th examination. Appear and pass CPT: Appear for CPT examination after appearing in 10+2 examination and after completion of period of at least 60 days from the date of registration for CPT with the Board of Studies as on the first day of the month in which examination is to be held, viz., students registered on or before 1st April/1st October will be eligible to appear in June/December examination, as the case may be. IPCC registration: Register for Integrated Professional Competence Course (IPCC). Candidate should pass both CPT and 10+2 before registering for Integrated Professional Competence Course (IPCC). Registration for IPCC should be done 9 months before the first day of the month in which exam is to be held. IPCC has total 7 papers (Group 1+Group 2). Group I is composed of four papers and Group 2 is composed of three papers. Passing Group I is necessary for commencing Articleship. ITT and Orientation : Successfully complete 100 hours Information Technology Training (ITT). Orientation and ITT are to be completed before registering for the Articleship. Successfully complete orientation course of one week spanning 35 hours and covering topics, such as, personality development, communication skills, office procedure, business environment, general commercial knowledge, etc. Appear and pass IPCC Group I Exam: You can appear and pass Group I or both the groups of Integrated Professional Competence Examination (IPCE).

manpreet 2 years ago

1st Level-CPT Total Marks-200 You need 30% in each of the 4 subjects and 50% in aggregate. Subjects- Fundamentals of Accounting (60 marks) Economics (50 marks) Quantitative Aptitude (50 marks) Mercantile Laws (40 marks) 2nd Level-IPCC Total Marks-700 You need 40% in each of the 7 subjects and 50% in aggregate or group. Subjects- Accounting Business Laws, Ethics & Communication Cost Accounting & Financial Management Taxation Advanced Accounting Auditing & Assurance Information Technology & Strategic Management 3rd Level-CA (Final) Total Marks-800 You need 40% in each of the 8 subjects and 50% in aggregate or group. Subjects- Financial Reporting Strategic Financial Management Advanced Auditing & Professional Ethics Corporate & Allied Laws Advanced Management Accounting Information Systems Control & Audit Direct Tax Laws Indirect tax Laws There is new proposed syllabus change from 2016 onwards.

manpreet 2 years ago

CA or Chartered Accountancy is one of the most reputed designations across world. It takes immense of hard word and focus to be a qualified CA. The course of CA is inclusive of 4 levels: 1) Common Proficiency Test (CPT) 2) Integrated Professional Competence Course (IPCC)/IPCE 3) Three years Articleship/ Training under a Practicing C.A 4) C. A. Final Some of the top requirements to become a CA in India are: Register for CPT Appear and Pass CPT IPCC Registration ITT and Orientation Appear and Pass IPCC Group I Exam Appear and Pass IPCC Group II Exam Register for Articleship Register for C.A Final Course General information about CA: The CA course is designed to combine theoretical study along with practical training. The Chartered Accountancy course is considered to be the one of the stringent professional courses both in India and abroad with only 3-10 % of the students passing in every attempt in inter and final Level. At present, pass rate in foundation is approx 15%, Inter 4-10%, Final 3-7%, that means students who take admission in CA course, only 0.0225% to 0.096% actually pass CA. For instance, in the Nov. 2013 CA Final exam, the pass percentage was merely 3.11% (Both Groups) as of April 2010.

manpreet 2 years ago

The process of becoming a CA comprises of 4 important steps:- 1. Common Proficiency Test. 2. IPCC. 3. Three years Articleship under a registered CA. 4. C. A. Final. CPT - You need to first register with the Institute of Chartered Accountants of India (ICAI) for CPT after passing class 10th examination. IPCC - Then register for IPCC. Candidate should pass both CPT and 10+2 before registering for IPCC. IPCC has total 7 papers including Group 1 and Group 2, Group 1 consists 4 papers and group 2 consists 3 papers. Passing Group I is necessary for commencing articleship. You can appear for Group I of Integrated Professional Competence Examination (IPCE). You can attempt Group 2 in next attempt(After Group 1 attempt) or during Articleship. Articleship- You need to register as articled assistant for a period of 3 years with practicing CA on passing either Group I or both the Groups of IPCE. CA Final- During the last 6 months of 3 years of articled training you have to register and pass the CA final. Candidates are supposed to pass the group 1 and 2 of the CA final to complete the process successfully.

manpreet 2 years ago

Chartered Accountancy is spread over minimum of 5 years and requires significant investment of time. Chartered Accountancy is divided into 4 levels. Common Proficiency Test (CPT) Integrated Professional Competence Exam (IPCE) Articleship Final exam. Level 1 Common Proficiency Test is an objective based test which includes Accounts, Law, Economics and Quantitative Analysis. It is 200 marks and you have to score 100 to qualify it. Level 2 Level 2 comprises of 7 papers. You need to score 40 marks in each subject. IPCC has 2 groups of subjects, Group 1- Accounts, Law, Taxation and Costing and FM Group 2- Audit, IT&some and Advanced Accountancy. Level 3 - Articleship It is a 3 year long internship. You have to work under a qualified CA for 3 years. During this time you gain an in- field experience as well as provided stipend. You can do your internship in companies like Deloitte, KPMG, E&Y, Pricewaterhouse Coopers, etc. Final Exam It comprises of 8 papers, which is divided into 2 groups. Once you clear all the exams, global opportunities await in sectors such as Banking, Accounting, Taxation, Audit, Management Consultancy, Cost Accounting, etc.