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ACCOUNTANCY
Global Career
Endless Opportunities
The Institute of
Chartered Accountants of India
Chartered Accountant
A highly affordable course
for all !
The Institute of
Chartered Accountants of India
Set up by an Act of Parliament
www.icai.org
17
President's
Message
CA K. Raghu
President, ICAI
Vice President's
Message
CA Manoj Fadnis
Vice President, ICAI
Chairmans
Message
CA M. Devaraja Reddy
Chairman, Board of Studies, ICAI
Vice Chairmans
Message
The Institute of
Chartered Accountants of India
The Institute of Chartered Accountants of India (ICAI)
is a statutory body established by an Act of Parliament
viz., The Chartered Accountants Act, 1949 (Act No.
XXXVIII of 1949) for regulating the profession of
Chartered Accountancy in the country. The Institute,
which functions under the administrative control of
Ministry of Corporate Affairs, Government of India,
has five Regional Councils and 146 branches covering
the length and breadth of the country. In addition, it
has also set up chapters outside India. It also has an
office in Dubai. Founded 65 years ago with just 1,700
members, the Institute has grown to cross the mark of
2,40,000 members and about 8 lakh students as of
now. A significant majority of our membership is in
practice, with a good deal of specialisation in
traditional areas of direct/indirect taxes and in
emerging areas, inter-alia, in financial services,
information technology, insurance sector, joint
ventures, mutual funds, exchange risk management,
risk and assurance service, environment/energy/
quality audits, investment counselling, corporate
structuring and foreign collaborations. Those in
employment, occupy senior positions such as CMDs in
Banks/Financial Institutions, CEOs in leading and
reputed public/private sector companies, etc.
CHARTERED ACCOUNTANCY
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The Board
of Studies
The Board of Studies is the premier educational wing of the Institute. The
mission of the Board of Studies is to provide a strong foundation of knowledge,
skills and professional values that enables students to grow as wholesome
professionals and adapt to change throughout their professional career.
CA Course Curriculum
Two Entry Routes to CA Course
Students can pursue Chartered Accountancy course either through Common Proficiency
Test (CPT) route or through Direct Entry Scheme, introduced from August 1, 2012.
CPT Route
For a student coming through CPT route, there is a three tier structure:
1.
2.
First Stage
3.
Final Stage
Final Course
During the CA Course duration, students are imparted technical skills through 100 hours
Information Technology Training and Advanced Information Technology Training and
interpersonal skills through 35 hours Orientation Course and two General Management
and Communication Skills Courses.
Enrol with the Institute for Common Proficiency Course (CPC) after passing class 10th
examination.
After completion of specified period (60 days) from the date of registration for CPC
with the Board of Studies and after appearing in 10+2 examination, appear and pass in
CPT.
Enrol for Group I or Group II or for both Groups of Intermediate (IPC) Course.
Complete Orientation Course of one week spanning 35 hours, necessarily before joining
the Practical Training.
Complete 100 hours Information Technology Training (ITT) necessarily before joining
the Practical Training.
Appear in Intermediate (IPC) Examination on completion of eight months of study
course as on first day of the month in which the examination is to be held
Join Practical Training after passing either Group I or both groups of Intermediate (IPC)
Course.
Complete First General Management and Communication Skills (GMCS) course
(15 days) during the first year of practical training.
Complete Second General Management and Communication Skills (GMCS) course
(15 days) after completion of 18 months of practical training but before completion of
practical training.
Clear Group II of Intermediate (IPC) Examination if not done earlier.
Register for CA Final Course and prepare for CA Final Examination.
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Complete Advance Information Technology Training during the third year of practical
training but before appearing in the Final Examination.
II. Candidates who have passed Intermediate level examination of The Institute of
Company Secretaries of India and The Institute of Cost Accountants of India
Enrol with the Institute for Intermediate (Integrated Professional Competence) Course
either for Both Groups or Group I.
See bullet point 4 onwards of 1 above (CPT route) for rest of the scheme.
A students who wants to pursue the Accounting Technician Course (ATC) has to enroll for Group-I of
the Inter (IPC) Course. After successfully completing 35 hours Orientation Course, 100 Hours ITT and
eight months of Study Course, he/she can appear for ATE. After passing ATE, he/she needs to undergo
one year of work experience under a CA to get the certificate of Accounting Technician.
Scheme
th
study material.
Appear in Senior Secondary Examination (10+2) and pursue studies for
CPT simultaneously.
Eligible to Appear in Common Proficiency Test after completion of
specified period (60 days) of registration and after appearing in Senior
Secondary Examination (10 + 2).
Common Proficiency Test is held in the months of June and December
of every year.
Subjects
Session - I
Two Sections - Two hours - 100 Marks
Section A - Fundamentals of Accounting (60 Marks)
Section B - Mercantile Law (40 Marks).
Session - II
Two Sections - Two hours - 100 Marks
Section C - General Economics (50 Marks)
Section D - Quantitative Aptitude (50 Marks).
CHARTERED ACCOUNTANCY
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Intermediate
(Integrated Professional
Competence) Course
First Stage
A student, after clearing CPT may register for Intermediate (Integrated Professional
Competence) [Intermediate (IPC)] Course. Alternatively, graduates and post-graduates or
Intermediate passed out students of the Institute of Company Secretaries of India or the
Institute of Cost Accountants of India with specified marks may directly register for
Intermediate (IPC) Course. During Intermediate (IPC) Course a student has to undergo a
study course of eight months. Simultaneously, he has to do 35 hours Orientation Course and
100 hours ITT. Graduates and Post-Graduates joining Intermediate (IPC) Course directly
have to concurrently complete 8 months of study course and 9 months of practical training
before appearing for Intermediate (IPC) examination.
Subjects
Group I
Paper - 1: Accounting (100 Marks)
Paper - 2: Business Law, Ethics and Communication (100 Marks)
Part - I: Law (60 marks) comprising
Business Laws (30 Marks) and
Company Law (30 Marks)
Part II: Ethics (20 Marks)
Part - III: Communication (20 Marks)
Paper - 3: Cost Accounting and Financial Management (100 Marks)
Part - I: Cost Accounting (50 Marks)
Part - II: Financial Management (50 Marks)
Paper - 4: Taxation (100 Marks)
Part - I: Income Tax (50 Marks)
Part -II: Service Tax (25 Marks) and VAT (25 Marks).
Group II
Paper - 5: Advanced Accounting (100 Marks)
Paper - 6: Auditing and Assurance (100 Marks)
Paper - 7: Information Technology and Strategic Management (100 Marks)
Part - I: Information Technology (50 Marks)
Part - II: Strategic Management (50 Marks).
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Final Course
A student, after clearing Intermediate (IPC) Course joins the Final Course.
Subjects
Group I
Paper - 1:
Paper - 2:
Paper - 3:
Paper - 4:
Group II
Paper - 5:
Paper - 6:
Paper - 7:
Paper - 8:
CHARTERED ACCOUNTANCY
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11
Programme Enhancing
Skills
Orientation Programme
With a view to groom and motivate the entrants to be good professionals, the
course curriculum.
Training focuses on the application softwares relevant for Accounting and
Auditing.
Compulsory to complete Orientation Programme and ITT before joining
Articled Training.
During the training, articled trainees get exposures to a wide array of fields,
namely, Accounting, Auditing, Taxation, Information Technology and
Management services. The entire period of practical training can be served with a
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practicing member or it can be served partly with a practicing member and partly
in an approved industrial establishment as Industrial Training.
Students registering for practical training after 1 August, 2012 are required
organizations and the profession, the Board of Studies organises four weeks
Residential Programme at Centre of Excellence, Hyderabad.
This programme offers a unique opportunity and focuses on development of
communication skills, leadership skills, personal traits as well as technical skills
for effective functioning in business organizations and profession.
All students who have passed Chartered Accountancy Final or
IPCC/PCC/Intermediate (IPC) examination and are pursuing third year of
practical training or have completed practical training may join the course.
CHARTERED ACCOUNTANCY
Global Career Endless Opportunities
13
Amount
` 6,000
` 9,000
` 2,000
` 10,000
` 4,000
` 3,000
GMCS I
` 5,500
GMCS II
` 5,500
Total
` 45,000
Scholarships
The Institute grants various scholarships to students namely, Merit, Merit-cumNeed based and Need based and Weaker-sections scholarships out of the funds of
Institute and Endowment Schemes created by individual donors/trustees/
societies.
Fee Exemption
Fees exemptions/concessions are also given to different categories of CA students
like differently abled students, children of military and para-military forces who
have lost either of their parents in action and meritorious students.
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Accounting Technician
Course (ATC)
10th examination
Appear in CPT after appearing in the senior secondary examination (10+2
examination)
Enrol for ATC
Successfully complete eight months of study course from the date of ATC
registration
Successfully complete Orientation Course of one week spanning 35 hours
Successfully complete 100 hours Information Technology Training (ITT)
Appear and pass Accounting Technician Examination (ATE)
Successfully complete one year work experience under a chartered
accountant in practice or in industry
Designate as Accounting Technician.
three papers
Register for CA Final Course and prepare for CA Final Examination
Undergo 15 days GMCS-I during the first year of practical training.
Undergo 15 days General Management and Communication Skills (GMCS-II)
15
Subjects
Paper - 1
Paper - 2
Paper - 3
Paper - 4
ICAI offers:
World best education system
Comprehensive curriculum
Rigorous training
Practical hands on experience
coupled with latest IT Techniques
The Institute of
Chartered Accountants of India
Set up by an Act of Parliament
ICAI - ENRICHING THE NATION THROUGH PROFESSIONAL EXCELLENCE
The Institute of
Chartered Accountants of India
Set up by an Act of Parliament
www.icai.org
MAKING OUR CAs A CLASS OF MATCHLESS PROFESSIONALS
SCALING NEW HEIGHTS OF EXCELLENCE
CA Course Recognition
For Post Graduation Courses/
Civil Services Examination
CHARTERED ACCOUNTANCY
Global Career Endless Opportunities
19
Memorandum of Understanding
National & International
20
Opportunities for
Chartered Accountants
CHARTERED ACCOUNTANCY
Global Career Endless Opportunities
21
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Campus Placement
Programme
The Institute has a special cell which assists newly qualified members of the
profession in finding jobs in the Industry. This cell organizes campus interviews for
these members and acts as a link between industry and professionals. Over the
years, the Campus Placement Programmes have received tremendous response.
Aug-Sep 2013
Feb-Mar 2014
` 20 lakh PA For
National Posting
` 21 lakh PA For
National Posting
Aug-Sep 2013
Feb-Mar 2014
` 7.06 lakh PA
` 7.30 lakh PA
` 7.38 lakh PA
CHARTERED ACCOUNTANCY
Global Career Endless Opportunities
23
300
Number of Candidates
Feb-March, 2014
254
Number of Candidates
250
200
185
174
145
150
139
115
100
87
116
83
50
18
0
` 9,00,000
& above
` 7,50,000
to ` 9,00,000
` 6,00,000
to ` 7,50,000
` 5,00,000
to ` 6,00,000
` 4,00,000
to ` 5,00,000
24
Company Name
Job
Offered
CTC Offered
(INR Per Annum)
Bharti Airtel
21,00,000
20,00,032
ITC Ltd
17,00,000
12
15,00,000
Trident Ltd
15,00,000
ITC Ltd
14,00,000
CPT Syllabus
SESSION-I
Two Sections - Two hours - 100 Marks
Section A : Fundamentals of Accounting (60 Marks)
1. Theoretical Framework: Meaning and Scope of accounting, Accounting Concepts,
Principles and Conventions, Accounting Standards concepts, objectives, benefits,
Accounting Policies, Accounting as a measurement discipline valuation principles,
accounting estimates.
2. Accounting Process: Books of Accounts leading to the preparation of Trial Balance,
Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and
contingent liabilities, Fundamental errors including rectifications thereof.
3. Bank Reconciliation Statement.
4. Inventories: Basis of inventory valuation and record keeping.
5. Depreciation Accounting: Methods, computation and accounting treatment of
depreciation, Change in depreciation methods.
6. Preparation of Final Accounts for Sole Proprietors.
7. Accounting for Special Transactions: Consignments, Joint Ventures, Bills of exchange
and promissory notes, Sale of goods on approval or return basis.
8. Partnership Accounts: Final accounts of partnership firms Basic concepts of
admission, retirement and death of a partner including treatment of goodwill.
9. Introduction to Company Accounts: Issue of shares and debentures, forfeiture of
shares, re-issue of forfeited shares, redemption of preference shares.
CHARTERED ACCOUNTANCY
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2. The Sale of Goods Act, 1930: Formation of the contract of sale Conditions and
Warranties Transfer of ownership and delivery of goods Unpaid seller and his rights.
3. The India Partnership Act, 1932: General Nature of Partnership Rights and duties of
partners Registration and dissolution of a firm.
SESSION-II
Two Sections Two hours (100 Marks)
Section C: General Economics (50 Marks)
(I) Micro Economics
1. Introduction to Micro Economics: Definition, scope and nature of Economics, Methods
of economic study, Central problems of an economy and Production possibilities curve.
2. Theory of Demand and Supply: Meaning and determinants of demand, Law of demand
and Elasticity of demand - Price, income and cross elasticity, Theory of consumer's
behaviour Marshallian approach and Indifference curve approach, Meaning and
determinants of supply, Law of supply and Elasticity of supply.
3. Theory of Production and Cost: Meaning and Factors of production, Laws of Production
The Law of variable proportions and Laws of returns to scale, Concepts of Costs Short-run and long-run costs, Average and marginal costs, Total, fixed and variable
costs.
4. Price Determination in Different Markets: Various forms of markets Perfect
Competition, Monopoly, Monopolistic Competition and Oligopoly, Price determination
in these markets.
(II) Indian Economic Development
5. Indian Economy A Profile: Nature of the Indian Economy, Role of different sectors
Agriculture, Industry and Services in the development of the Indian economy, their
problems and growth, National Income of India Concepts of national income,
Different methods of measuring national income, Growth of national income and per
capita income in various plans, Basic understanding of tax system of India Direct and
Indirect Taxation.
6. Select Aspects of Indian Economy: Population - Its size, rate of growth and its
implication for growth, Poverty Absolute and relative poverty and main programs for
poverty alleviation, Unemployment Types, causes and incidence of unemployment,
Infrastructure - Energy, Transportation, Communication, Health and Education,
Inflation, Budget and Fiscal deficits, Balance of payments, External debts.
7. Economic Reforms in India: Features of economic reforms since 1991, Liberalisation,
Privatisation and Disinvestment, Globalisation.
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8. Money and Banking: Money Meaning and functions, Commercial Banks Role and
functions, Reserve Bank of India Role and functions, Monetary policy.
CHARTERED ACCOUNTANCY
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27
Details of Fee
1.
2.
3.
4.
For Foreign
Students
` 100
` 6,000
` 200
USD 10
USD 580
USD 20
` 400
USD 40
` 6,700
USD 650
TOTAL
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CPT
Frequently Asked Questions
Proof of Date of Birth: 10th pass marks sheet/10th pass certificate indicating
Date of Birth, duly attested by a Chartered Accountant/Gazetted Officer/ Head
of the Institute.
Class 12th Admit Card/Attested copy of 12th pass or its equivalent qualification,
if passed.
Proof of Nationality, if a student is foreigner.
Proof of special category certificate i.e. SC/ST, OBC and Disabled.
6. What are the subjects to be studied?
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).
7. Will there be any study package?
Yes. The Board of Studies provides a comprehensive study material including a
large question bank. In addition, Volumes I & II of the Model Test Papers are also
being supplied to the students with study materials.
8. How to make application for appearing in the examination?
A student has to follow the examination notification to be issued by the
Examination Department of the ICAI and apply in the prescribed form along with
CHARTERED ACCOUNTANCY
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29
CPT
Frequently Asked Questions
the examination fee of ` 500 (for students applying online). The Examination
Department announces the examination centres and issue admit card.
Examination fee is subject to change from time to time.
9. What are the qualifying marks?
The qualifying mark is 50%. A student has to remember that CPT is an objective
type test with a negative marking for selecting wrong option which will be
indicated in the question paper. 1/4 (one fourth) mark will be deducted for each
wrong answer.
Beginning June 2013, a CPT candidate shall be declared to have passed the test if
he obtains at one sitting a minimum of 30% marks in each section i.e. subject and a
minimum of 50% marks in aggregate of all the sections, subject to the principle of
negative marking.
10. When is CPT held?
CPT examination is held twice in a year i.e., in June & December.
11. Can a student registered for CPT appear in CPT exam indefinitely?
No. The registration for CPT Course from the date initial registration is a period of
three years. CPT registration may be renewed for subsequent three years period by
paying ` 300. This re-validation of registration can be done any number of times.
Students have to renew their registration before the last date for submission of
examination application forms.
12. Is there any cut-off date for registering to CPT course and appearing in the
CPT exam and who can appear in the CPT exam?
A student who registers for CPT course on or before 1st April will be eligible to
appear in June and who registers on or before 1st October will be eligible to appear
in the December CPT examination.
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Email: ahmedabad@icai.org
E-mail: indore@icai.org
Baroda Branch of WIRC of ICAI
ICAI Bhawan, Kalali - Tandalja Road, At Ladra Vadodara 390 012
Phones: 0265-2681115, 2680593
FAX: 0265-2681115, 2680593
Email: baroda@icai.org
CHARTERED ACCOUNTANCY
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31
One Profession
Versatile Roles
CA Sumantra Guha
CA Subodh Kumar Agrawal
CA Shyam Lal Agarwal
CA Vijay Garg
CA Anuj Goyal
CA Mukesh Singh Kushwah
CA Vijay Kumar Gupta
CA Charanjot Singh Nanda
Shri Manoj Kumar
Shri Gautam Guha
Shri J. S. Deepak
Shri Sidharth Kumar Birla
Shri Salil Singhal
Co-opted Members
CA C. S. Gupta
CA M. R. Krishnamurthy
CA Ananthanarayana Pai K.
CA Prerak Agarwal
SPP/ICAI/0414/50K