Saturday, 10 August 2013
The Indian Chartered Accountancy Course is the membership qualification course offered by the Institute of Chartered Accountants of India (ICAI). Any person who wants become a member of ICAI and designate himself as a Chartered Accountant in India has to pass this course. This course is a optimum blend of practical and theoretical education. It consists of three levels of examinations and three years of practical training under a practising Chartered Accountant. The Chartered Accountancy course is considered to be one of the rigorous professional courses in India but not difficult if one puts his fullest efforts
- CPT
- IPPC
- FINAL
CPT
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. 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.
IPCC
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.
Subscribe to:
Posts (Atom)