The Institute of Chartered Accountants of India (ICAI) is the national professional accounting body of India.
The Chartered Accountancy qualification equips professionals with the right blend of practice and principles, which gives them a benefit over their counterparts and allows them to add value to a business from their first day in the job.
To know more click here to visit ICAI site.
CA Foundation
It is an entry level test for the Chartered Accountancy course, which is held twice in a year in the months of May and November. It is conducted by the Institute of Chartered Accountants of India (ICAI) for admitting students to the Chartered Accountancy course.
CA INTERMEDIATE
The next step after the CA Foundation examination is CA Intermediate (earlier known as IPCC) Course. It is an intermediate level test for the Chartered Accountancy course, which is held twice in a year in the months of May and November. It is conducted by the Institute of Chartered Accountants of India (ICAI) for students who have cleared CA Foundation examination or is a graduate & has registered with ICAI after graduation.
CA FINAL
The last leg of the Chartered Accountancy course is Final course, which has been designed to impart expert knowledge in financial reporting, auditing and professional ethics, taxation, corporate laws, strategic financial management and advanced management accountancy.
Eligibility
- You must have passed 10+ 2 examination or class XII examination from a recognized institution.
- In case the result of class XII has not been declared at the time of registering for CA Foundation, the students can apply for provisional registration.
- Must complete 4 months of study period before appearing for Foundation examination. Therefore a student must register before 30th June/31st December of the respective year to be eligible to appear for November/May examinations respectively.
- Passed XII- No restriction on minimum percentage required for eligibility
Exam Details
Prerequisite for Intermediate exam: Undergo and complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS)
In Intermediate only working knowledge of core and allied subjects relevant to accountancy profession is imparted. This is a descriptive type examination.
Passing criteria – 40 marks in each paper & 50% in total
Group 1 – 100 Marks each paper
- Accounting (100 marks)
- Corporate and Other Laws (Company Law 60 & Other Laws 40) Total 100 marks.
- Cost and Management Accounting (100 marks)
- Taxation (Income tax Laws 60 & Indirect Taxes 40) Total 100 marks.
Group 2 – 100 Marks each paper
- Advanced Accounting (100 marks)
- Auditing & Assurance (100 marks)
- Enterprise Information Systems (50) & Strategic Management (50) Total 100 Marks
- Financial Management (60) & Economics for Finance (40) Total 100 Marks
Exam Details
At the Final level, advanced application knowledge of core and allied subjects is being inculcated.
CA Final exams are conducted twice every year in the months of May and November. The dates do not change except under extraordinary circumstances.
Group 1 – 100 Marks each paper
Paper 1 : Financial Reporting (100 Marks)
Paper 2: Strategic Financial Management (100 Marks)
Paper 3 : Advanced Auditing and Professional Ethics (100 Marks)
Paper 4: Corporate and Economic Laws (100 Marks)
Section A : Corporate Law (70 marks)
Section B : Economic Laws (30 marks)
Group 2 – 100 Marks each paper
Paper 5 : Strategic Cost Management and Performance Evaluation (100 Marks)
Paper 6 : Elective Paper (100 Marks) (Anyone paper from the list below)
6A. Risk management
6B. Financial Services & Capital Markets
6C. International Taxation
6D. Economic Laws
6E. Global Financial Reporting Standards
6F. Multi-disciplinary Case Study
Paper 7: Direct Tax Laws(70) & International Taxation(30) Total (100 Marks).
Paper 8: Indirect Tax Laws (100 Marks).
Part I: Goods and Service Tax (75 marks)
Part II: Customs & Foreign Trade Policy (25 marks)
- Independent Professional Practice: As practitioners of public accounting, CAs may start professional practice as a proprietor or join any existing firms as a partner or staff member.
- Management Consultancy Services: Services rendered by CAs reflect their expertise in diverse areas like financial management, strategic management, planning and financial policy determination, etc.
- Opportunities for Industry / Government Organization: Many Chartered Accountants hold responsible positions in business/ Industries/Government Organizations as CEOs, CFOs, COOs, Managing Directors, etc.
- Opportunities in Global Arena: Many MNCs as well as KPOs prefer Indian CAs for their expertise.
- Click here to view the upcoming schedule – Time Table
