Chartered Accountancy
With the rapid growth in economy, careers in finance and accounts have gained tremendous popularity and the most prestigious career option in this filed is that of Chartered Accountant. Chartered Accountancy Course offers the students a dream career in the specialized areas of Accounting, Auditing, Corporate Finance, Corporate Laws, Taxation and other business laws, taxation and corporate governance. Chartered Accountants are highly sought professionals in industry in the advent of liberalisation, privatization and globalisation of Indian economy. Chartered Accountants are technically equipped to act as management consultants and to discharge accounting and audit functions in a computerized business environment. The course involves a blend of theoretical education and practical training which run concurrently for a period of three and a half years and equips a student with knowledge, ability, skills and other qualities required of a professional accountant.
The Institute of Chartered Accountants of India (ICAI) is the premier professional accountancy body of the country that regulates the profession of Chartered Accountancy in India. The institute imparts education and training to the students, conducts examination for them, grants membership to successful candidates and certificates to members intending to practice the profession.
Different levels of Chartered Accountancy Course
1. Entry Level Test : Common Proficiency Test
2. First Stage of Theoretical Education : Professional Competence Course
3. Final Stage of Theoretical Education : Final Course
:: CPT
COMMON PROFICIENCY TEST is an entry level examination for admission to the Chartered Accountancy Course. CPT is an objective test, with questions covering accountancy, mercantile law, economics and quantitative techniques. Exams will be held twice a year. The test will be of 4 hours duration divided into 2 sessions of 2 hours each. Each session consists of two sections with a total of 100 marks. CPT is a multiple choice examination with negative marking for selecting wrong option which will be indicated in the question paper. To qualify the CPT, a student has to obtain an aggregate of 50% marks.
The objective of CPT is both to "catch them young" and "catch the cream." CPT is very popular as it is based on contemporary technique of entry-level test. Students can concurrently prepare CPT along with their 10+2 study,"
Subject & Module
SESSION–I (Two Sections– Two hours –100 Marks)
Section A: Fundamentals of Accounting (60 Marks)
Section B: Mercantile Laws (40 Marks)
SESSION–II (Two Sections–Two hours–100 Marks)
Section C: General Economics (50 Marks)
Section D: Quantitative Aptitude (50 Marks)
Eligibility
A student who has cleared the Class 10 examination conducted by an examining body constituted by law in India or (an examination recognized by the Central Government as equivalent thereto) can register for Common Proficiency Test.
Passing Requirement
The qualifying mark is 50% aggregate. CPT is an objective type test with a negative marking for selecting wrong option.
Fee Structure
Course fees : Rs.7,500
Membership
Steps for obtaining the Membership
( i) Enroll with the ICAI for Common Proficiency Test after passing Class 10 examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent to.
( ii) Appear CPT examination after appearing in the Senior Secondary Examination (10+2
examination) conducted by an examining body constituted by law in India or an
examination recognised by the Central Government as equivalent thereto and after
completion of specified period (i.e. 60 days) from the date of registration for CPT prior to
the first day of the month in which examination to be held with the Board of Studies.
( iii) Join PCC, articled training and register for 100 hours ITT after passing CPT .
( iv) Undergo 100 hours ITT on completion of three months of articled training.
( v) Appear in Professional Competence Examination (PCE) If
- Worked for not less than fifteen months as an articled assistant and
- Completed 100 hours ITT.
Eight months of audit training is treated as equivalent to six months of articled training.
Any fractional period of audit training less than eight months is not counted for this
Purpose.
(vi) Join CA Final course:
- After passing PCE register for Final course with the Board of Studies;
- Collect Study Materials of the Final Course and prepare for Final Examination;
- May undergo General Management and Communication Skills Course while
- undergoing Final course; and
- Complete articled training of 3½ years.
(vii) Appear in final examination on completion of the practical training
(viii) Pass Final examination and complete GMCS;
(ix) Enroll for membership.
 CMA
|
