Chartered Accountant Course
The Chartered Accountant Course is considered one of the best paying career professionals in the Republic of India. Chartered accounting may be a sensible career choice if you’re curious about subjects like taxation and accounting. The career path to becoming a Chartered Accountant (CA) is difficult but is promising. The complete chartered accounting course length of five years. Thus, if you’re willing to must up a career as an accountant, you must be ready to devote that abundant time to your education.
There is an honest demand for chartered accounting professionals in the Republic of India inside non-public likewise as public organizations. A certified CA is employed to alter the account details of an organization. They additionally ease in finding disputes and preventing bankruptcy. If you’re attending to pursue this career then it’s an improved plan to begin when category ten. Decide the chartered Accountant course details below:
Chartered Accountant Course Details and CA Exams:
- CPT (Common Proficiency Test)
- IPCC (Integrated skilled competency Course)
- FC (Final course) Click here to check IPCC Result
Chartered Accountant Course Eligibility:
- Candidates are eligible for accountant CPT registration when category ten, but they’ll be able to seem for it after passing class 12.
- Students of commerce, science likewise as the arts stream will apply for CPT.
- Students of Commerce stream have to be compelled to secure five hundredth mixture marks in school twelve exams so on be eligible for CPT.
- Students of all alternative streams have to be compelled to score a mixture of 55 excluding arithmetic and him together with arithmetic in school twelve board exams.
- On clearing the CPT communicates with success, candidates become the member of Republic of Indian chartered Accountants courses or Institute (ICAI) – the communicating and course conducting body for all CA in India.
How to become a CA (Chartered Accountant):
Demand for Accounting Technician Course (ATC):
After clearing the accountant CPT, candidates ought to register for the ATC. A similar will be done when clearing 10+2.
Candidates who have already cleared test or skilled education (Examination-I) or Foundation Examination are going to be eligible to register for ATC.
Candidates WHO had at one time registered for Intermediate/ Intermediate (Professional Competence) program/ skilled Education (Course-II) will register for ATC.
Apply for CA IPCC:
Candidates should have scored a small of one hundred out of two hundred marks in CPT when category twelve so on used for IPCC program.
Registration for IPCC should be done 9 months before the primary day of the month during which the communicating is going to be conducted.
The courses comprise seven subjects, every value one hundred marks. So on clear the course, you may score a least of forty marks in every subject & a mixture of fifty or higher than.
Scoring sixty marks and higher than in any subject can exempt you from reappearing for that exact subject in case you fail the course and arrange to provide the exams once more.
Articles in CA
After clearing the IPCC, you may do an berth of three years below an authorized CA. The Articleship is a chance to find out, but accounting is handled below Chartered Accountant.
CA Final Course:
During the last six months of your 3-year article ship, you’ll seem for the ultimate course exams. Once you have got cleared the ultimate course, you may be awarded the designation of an accountant.
Chartered Accountant Course Payment and CA Job Prospects:
Chartered Accountant course (CA) is in nice demand inside auditing companies, banks, finance firms, stock broking companies, legal companies, etc. payment choices don’t seem to be bright throughout articles yet will candidates can expect an honest salary when finishing the course.
The average beginning payment of a CA varies from Rs. Four to six large integers every year when finishing the ultimate course. The payment depends on the town and the company you get used to.
CA exams are powerful and also the course long, so, it’s judicious to pursue graduation in conjunction with the program. When category twelve you’ll apply for B. Com program in conjunction with CA courses. Pursuing B. Com can provide you with another choice in case you would like to opt off the CA field. Another advantage is that you will apply for jobs on the premise of your B. Com degree.
In India “CA Course” (Chartered Accountant) is one of the Challenging & Respectful Field in Accounting.
Chartered accountancy was established in 1854 in Britain. In India, CA Course is coordinated by The ICAI (Indian Chartered Accountants Institute).
- CPT (Common Proficiency Test)
- IPCC (Integrated Professional Competence Course)
- FC (Final Course)
- The student is eligible for CA Course CPT Registration after 10th, but they can attempt the CPT exams after Class 12.
- Any Stream Student- Arts/Commerce Science can apply for CA Course.
- Commerce Student requires a minimum 50% marks in class 12 exam in order to be eligible for CPT.
- If Any Student Cleared the CPT, Candidate becomes a member of ICAI.
CPT (Common Proficiency Test)
CPT is the first level of CA Course.
Syllabus Subjects are-
- Fundamentals of Accounting
- Mercantile Laws
- General Economics
- Quantitative Aptitude
After Clearing the CPT Exam, Student Have to enroll for the ATC.
Candidates who had formerly registered for Intermediate/ Intermediate (Professional Competence) program/ Professional Education (Course-II) can enroll for ATC.
IPCC (Integrated Professional Competence Course)
If you apply for IPCC program, so the candidate must have to score at least 100 out of 200 marks in CPT
Registration for IPCC must be done nine months prior to the first day of the month in which the exams will be conducted.
The Total No of Subjects are 7.
You need to get at least 40% marks in each subject.
While pursuing IPCC, Candidate shall complete 35 hours of the orientation program and 100 hours of ITT program (Information Technology Training -ITT MS Office programs, ICAI CA software, Project, Etc.)
IPCC syllabus includes the following subject-
- Business Laws, Ethics and Communication
- Cost Accounting and Financial Management
- Advanced Accounting
- Auditing and Assurance
- Information Technology and Strategic Management
FC (Final Course)
In the CA Final Course, Practical Knowledge is very important to clear the exams. Due to which, the CA final course includes 3 years of compulsory Practical Training in the firm.
CA Final Course Subjects are-
- Financial Reporting
- Strategic Financial Management
- Advanced Auditing and Professional Ethics
- Corporate and Economic laws
- Strategic Cost Management & Performance Evaluation
- Elective Paper contains certain topics out of which students need to select only 1 topic-Risk Management/International Taxations/ Economic Laws/ Financial Services & Capital Market/ Global Financial Reporting standards/ Multidisciplinary case studies
- Direct Tax Laws and International Taxation
- Indirect Tax Laws
CA Course Exams:
Exams are conducted group-wise, so ICAI is providing the chance to students to give exams group wise/ both groups together so that students shall get ample time to study an revise the syllabus.
Every year, ICAI conducts exams twice, in the month of May and November.
For any query related to Batches for subject CA Final Costing classes provided by Parag Gupta Sir, feel free to contact us on the following address/phone no./email id. Kindly call us or visit us at the office timings i.e 9:00 a.m to 7:00 p.m (except Sunday and public holiday), we will be happy to help you. Contact Us
If you are searching for ICAI CA Final course or subject for a New course, then you are landed on a correct page.
The Whole syllabus of CA Final is divided into 2 groups, which is further divided into 8 subjects.
Every paper contains 100 marks and you will need a minimum score of 40% marks in each subject.
ICAI CA Final Course – New Scheme of Education and Training
|Paper 1||Financial Reporting|
|Paper 2||Strategic Financial Management|
|Paper 3||Advanced Auditing and Professional Ethics|
|Paper 4||Corporate and Economic Laws|
|Paper 5||Strategic Cost Management and Performance Evaluation|
|Paper 6A||Risk Management|
|Paper 6B||Financial Services and Capital Markets|
|Paper 6C||International Taxation|
|Paper 6D||Economic Laws|
|Paper 6E||Global Financial Reporting Standards|
|Paper 6F||Multidisciplinary Case Study|
|Paper 7||Direct Tax Laws and International Taxation|
|Paper 8||Indirect Tax Laws|
Final Course is the last level of CA Course. After qualifying both the groups of Intermediate course, a student can get registered for C.A. Final Course. Candidate can appear in CA Final examination during the last 6 months of practical training. But before appearing in CA Final Exam, one has to successfully complete four weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of practical training.
CA FINAL COURSE DETAILS
Paper 1: Financial Reporting (Maximum 100 Marks )
It covers existing Accounting Standards (ASs) 15, 21, 23, 25, 27 and 28, Accounting Standards interpretations, Framework for preparation and presentation of Financial Statements in accordance with Indian Accounting Standards, Application of Ind AS with reference to general purpose Financial Statements, application of IFRS & US GAAP, Corporate Financial Reporting, Accounting for Consolidated Financial Statements of Group Companies, Share-Based Payments, Carbon Credits, E-commerce, Common defects in Financial Statements, Corporate Social Reporting, Human Resource Reporting, Integrated Reporting and Value Added Statements etc.
Paper 2: Strategic Financial Managment (Maximum 100 Marks )
It Covers important concepts relating to Strategic decision making, financial policy, Risk evaluation & its classification, value at Risk (VAR) Security analysis, and its Valuation, Portfolio analysis, Capital Market theory, Securitization, Mutual funds, Derivatives, Foreign exchange, international financial management, etc.
Paper 3: Advanced Auditing & Professional Ethics (Maximum 100 Marks )
It Covers Auditing Standards, Statements, Guidance Notes, Audit plan, Audit Programme and importance of Supervision, Risk Assessment and internal control, Special Aspects of Auditing in an Automated environment, Audit of Limited Companies, Audit Reports, Audit Reports & Certificates for special purpose engagement, Audit Committee and Corporate Governance, Audit of Consolidated Financial Statements, Special features of Audit of Banks, Insurance & Non – Banking Financial Companies, Audit under fiscal laws, Special audit assignments, Audit of Public Sector undertakings, and concepts related to Professional ethics etc.
Paper 4: Corporate and Economic Laws (Maximum 100 marks)
This paper has been divided into two parts :
Part I: Corporate Laws (70 Marks): This has two sections
Section A: Company Law
It Covers the entire provisions and relevant Rules & Regulations of the Companies Act, 2013 regarding appointment and Qualification of Directors, Appointment and remuneration of Managerial Personnel, Meetings of Board and its Power, Inspection, Inquiry and Investigation, Compromise, Arrangement and Amalgamations, prevention of oppression and Mismanagement, Winding up, Producer Companies, Companies incorporated outside India , Compounding offences, adjudication, special Courts, National Company Law Tribunal and Appellate Tribunal etc.
it Covers also Corporate Secretarial Practices like Drafting Notices, Resolutions, Minutes & Reports etc.
Section B: Securities Laws
It includes The Securities Contract (Regulation) Act, 1956 and the Securities Contract (Regulation) Rules, 1957: introduction and important provisions.
The Securities Exchange Board of India Act, 1992, SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009 and SEBI (Listing obligations and Disclosure Requirement) Regulations, 2015.
Part II: Economic Laws (30 Marks)It Covers “ The Foreign Exchange Management Act, 1999, The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, the Prevention of Money Laundering Act, 2002, Foreign Contribution Regulation Act, 2010, the arbitration and Conciliation Act,1996, the Insolvency and Bankruptcy Code, 2016
Paper 5: Strategic Cost Management and Performance Evaluation (Maximum 100 marks)
It contains concept of Strategic Cost Management, Limitations of Traditional Cost Management, Characteristics of the Modern Business Environment, Cost of Quality, TQM, Supply Chain Management, J/T, Kaizen Costing, Total Productive – Maintenance, Six Sigma (SS), Cost Control, Cost Reduction, Pareto analysis, value Analysis, Life Cycle Costing, Power Sector, Relevant Costing, ABC Costing, Theory of Product Pricing, Pricing – New Product, Sensitivity analysis, Pricing Strategies, Transfer pricing, Responsibility Accounting, Budgetary Control, Standard Costing, and Application of few Quantitative Techniques like Linear Programming, Learning curve / Experience Curve.
Paper 6A: Risk Management (Maximum 100 marks)
It includes the concept of Risk, Risk, and uncertainty; Distinction, classification of risks, Dynamic Nature of Risks, Types of Risk, Sources and Evaluation of Risks, Concept of Risk Management, objective and process of Risk Management, Risk Management Techniques, Quantitative analysis, Risk Model, Credit Risk Measurement and Management, Risks associated with Corporate Governance, Enterprise Risk Management, Operational Risk Management etc.
Paper 6B: Financial Services and Capital Markets (Maximum 100 marks)
It contains information to Global Financial Market, Role of Financial Market in Economic Development, Indian Financial Market Scenario, Credit policy of R.B. I, Fed Policy, Inflation Index, CPI, WPI etc. Primary Capital Market, Secondary Capital Market, Money Market ( CRR, SLR, MIBOR, LIBOR etc.), Institutions and Intermediaries, Commodity market, Banking – Management, Mutual Fund etc.
Paper 6C: International Taxation (Maximum 100 marks)
It Covers various concepts of Transfer pricing Provisions under the Income Tax Act, 1961, like concept of Arm’s length price, international transactions, functions, Assets and Risk Analysis, Documentation & Compliances, other provisions relating to taxation of international transactions and Non – resident taxation under the Income-tax Act, 1961, Non – resident taxation, Double taxation relief and Advance – Ruling, Law and procedures under the Black Money (Undisclosed Foreign Income and Assets) and imposition of Tax Act, 2015, other Aspects of International taxation – Model tax conventions, tax treaties, Application and interpretation, Anti Avoidance Measures, Taxation of E-Commerce transactions.
Paper 6D: Economic Laws (Maximum 100 marks)
It Covers entire coverage of WTO (World Trade Organization) Comprising of its Role, Principles, Functions and Dispute Settlement Mechanism, Competition Act, 2002 and its Rules & Regulations, Real Estate Act, 2016, Insolvency and Bankruptcy Code, 2016, Prevention of Money Laundering Act, 2002 and Rules / Regulations, Foreign Exchange Management Act, 1999 and Rules / Regulations, Prohibition for Benami Property Transactions Act, 1988 and Rules & Regulations.
Paper 6E: Global Financial Reporting Standards (Maximum 100 marks)
It Covers the key concepts and Principles of International Financial Reporting Standards, Conceptual framework for Financial Reporting as per IFRS, Application of Financial Reporting Standards, Significant Differences between IFRS and US GAAPS.
Paper 6F: Multi-Disciplinary Case Study
This paper will include case studies covering the following areas:-
- Financial Accounting and Reporting
- Audit and Assurance
- Finance and Financial Management
- Management Accounting
- Corporate Laws
- Business Strategy and Management
Paper 7: Direct Tax Laws & International Taxation (Maximum 100 marks)
Part I: Direct Tax Laws (70 Marks)
It Covers the entire Law and procedure under the Income Tax Act, 1961 – Basis of charge, Residential status, different Heads of Income, Provisions relating to clubbing of Income, set-off and carry forward of Losses, Provisions relating to companies & persons other than Companies, Tax Planning Tax Avoidance, Tax evasion, T.D.S %, Refund, Assessment Procedure, Settlement of tax cases, penalties, offences & Prosecution ,Liability in special cases, etc.
Part II: International Taxation (30 Marks)
It Contains the provisions relating to taxation of International transactions and Non – residents, Double taxation relief, Advance rulings, Overview of Model tax conventions, tax treaties etc.
Paper 8: Indirect Tax Laws (Maximum 100 marks)
Part I: Goods and Services Tax (75 Marks)
It Covers the entire provisions, Rules & Regulations, Notifications of the Central Goods and Services tax (CGST) Act, 2017 and Integrated Goods and Services tax (IGST) Act, 2017. It contains concepts related to Levy & Collection of CGST, IGST, Place of Supply, Time and value of supply, Input tax credit, Computation of GST Liability, Provisions relating to electronic commerce, Administration of GST, Assessment & Audit, Demand & Recovery, Appeals & Revisions etc.
Part II: Customs & FTP (25 Marks)
It Covers the entire provisions, Notifications of the Customs Act, 1962 and the Customs Tariff Act, 1975 regarding Levy & Exemption from Custom Duties, its types, Classification and Valuation of import and export, Import and export procedures, provisions relating to coastal Goods and Vessels Carrying Coastal Goods – Warehousing, Drawback, Demand and Recovery, Refund, Provisions relating to Prohibited Goods Notified Goods, specified Goods, illegal importation / exportation of Goods Search, Seizure and other Provisions, and foreign trade policy to the extent relevant to the indirect tax Laws. Source