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| The Institute of Chartered Accountants of India periodically reviews the scheme of Education and Training to remain in tandem with developments in the field of education and other changes at national and global level. Evolving business also demands newer skills from the accounting professionals. Accordingly, the present scheme was launched on 10th December, 2008. Different levels of Chartered Accountancy Course | |||||||||
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| The Entry level test is named as Common Proficiency Test (CPT) which is designed in the pattern of entry level test for engineering, medical and other professional courses. It is a test of 4 hours duration comprising of two sessions of 2 hours each, with a break between two sessions. The test comprises of objective type questions only with negative marking for choosing wrong options. Students who are Graduates/ Post Graduates in Commerce having secured in aggregate a minimum of 55% of the total or its equivalent by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or other than those falling under Commerce stream having secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) and Candidates who have passed the Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India are exempted from qualifying Common Proficiency Test (CPT) vide Notification No. 1-CA(7)/145/2012 dated August 1, 2012. Such students can directly register to the Intermediate (IPC) Course, which is the first stage of theoretical education. Students who are pursuing the Final year Graduation Course can also register for the Intermediate (Integrated Professional Competence) Course on provisional basis and such students, registration would be regularised and they can commence articled training only on submission of satisfactory proof of having passed the Graduation examination with the specified percentage of marks within six months from the date of appearance in the final year graduation examination. During the provisional registration period, a student can undergo and complete Information Technology Training (ITT) and Orientation Course. If such student fails to produce the proof within the aforesaid period, his provisional registration shall stand cancelled and the registration and other fees, as the case may be, paid by him shall not be refunded/ adjusted and no credit shall be given for the theoretical education undergone. The last leg of the Chartered Accountancy course is Final Course, designed to impart expert knowledge in financial reporting, auditing and professional ethics, taxation, corporate laws, system control, strategic finance and advanced management accountancy. Updated syllabus is benchmarked to chartered accountancy courses available around the globe and is fully compliant to International Education Standards issued by the International Federation of Accountants. Under the present scheme the period of practical training is of three years. As per the requirement, a student before joining for the practical training needs to undergo Orientation Course and 100 hours Information Technology Training (ITT). Students are required to undergo two courses on General Management and Communication Skills (GMCS) courses respectively during the 1st year of practical training and during the 19-36 months of practical training. Students are also required to undergo Advanced course on Information Technology Training during the 3rd year of practical training but before appearing in the Final Examination. | |||||||||
| Objectives | |||||||||
The emphasis of this scheme is on -
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| Last updated on 17th May, 2013 |
Pramukesh Venky is the pen name of author N.bhargavvenky, who is a Chartered Accountant Student provides all the latest info of Notifications and Amendments to the subjects and syllabus of CA course....
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