FAQ

1.    Why become a CA ?

Being a professional chartered accountant (CA),opens the door to a vast range of exciting , rewarding and prestigious career opportunities. In every sector of business and finance, Chartered Accountants are leading business professionals, providing essential strategic guidance, expertise and consulting in business, public practice, government and education.

2.    Who are Chartered accountants and what do they actually do?
Chartered accountants are the professionals designated by the regulatory body of the nation [ICAN, ICAI] who are the experts to deal with the areas of accounting, auditing, cost and management accounting, taxation matters, legal matters and management consultancy in both private and public sectors.

CA provides a wide range of services like:
i)    Start up counseling, management consulting
ii)    Business valuation for sale and purchase of business.
iii)    Business planning , Budgeting and financials projections.
iv)    Development of Strategies for securing the business goal
v)    Corporate and Income tax planning
vi)    Assurance[Audits and Reviews], Forensic Auditing and Litigation support.
vii)    Acting as a trustee for receivership , insolvency, bankruptcy 
viii)    Developing management controls and accounting software’s
ix)    Cost Estimates and Cost accounting 
x)    Financial /Tax Accounting 

3.    Which is the university imparting CA education?
CA isn’t an academic rather a professional course thus, every country has its autonomous body established under the Act of Parliament, like The Institute of Chartered Accountants of Nepal (ICAN) for Nepal and The Institute of Chartered Accountants of India (ICAI) for India. Students have to get registered with the above mentioned board and may take private coaching classes.

4.    What is ICAN?
ICAN stands for The Institute of Chartered Accountants of Nepal, an autonomous body established under Institute of Chartered Accountant Act, 1997, enacted by parliament of Nepal to regulate CA profession in Nepal.

5.    What is ICAI?
ICAI stands for The Institute of Chartered Accounts of India, an autonomous body established under Chartered Accountants Act, 1949, enacted by the parliament of India to regulate the CA profession in India.

6.    What is the eligibility for studying Chartered Accountants?
Students who have cleared or appeared in final year of 2 or intermediate level in any stream can study Chartered Accountancy starting from CAP I (Foundation)/ CPT. However, Students who have already passed bachelors with the prescribed percentage may directly join CA CAP II level under ICAN and IPCC level under ICAI.


Note: Students awaiting their 2 or Bachelors result can get registered provisionally, provided submission of proof of passing to the Board within 6 months of registration otherwise registration will be cancelled.

Detailed criteria:

     Under ICAN

     Under ICAI

   Level

   Required eligibility

Level

Required eligibility

   CAP I 

  At least 10 2 level passed or result       awaiting students in any discipline

CPT

At least 10 2 level passed or result awaiting students in any discipline

  CAP II

  CAP I passed (or Bachelor passed          with prescribed %age.)

IPCC/ Intermediate

  CPT Passed (or Bachelor passed with      prescribed %age.)

  CAP III

   CAP II Passed

  CA Final

  IPCC Passed

7.    What is preferable, ICAN or ICAI?
It is the self interest of students with which board he/she wants to be registered. We at Gurukul provide personal counseling as to the preference of the Board considering the individual factors 
of the students.