1. Introduction to ICAI:
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its 64 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards.ICAI now is the second largest accounting body in the whole world.
2. CA under ICAI:
CA course is challenging. Based on distance learning module, it involves in depth theoretical education and practical training imparting sound analytical and problem solving skills to the students.
The course is divided into:
•Foundation/CPT - Six Months.
•Intermediate - Eight Months.
•CA Final - Three Years (including practical training).
3. Eligibility for Registration
For registration 12th appeared students in any discipline and but 12th passed for examinations.
CA Foundation/CPT passed or commerce graduates having not less than 50% marks or non- commerce graduates having not less than 60% marks.
CA Intermediate/IPCC passed and registered as an articled trainee under a practising Chartered Accountant by signing an Articleship Deed and completed 3 years of articleship.
4. Subjects of CA Course
Paper 1: Principles and practises of Accounting [100 marks]
Paper 2: Mercantile Laws and General English [100 Marks]
Part I: Mercantile Laws [60 Marks]
Part II: General English [40 Marks]
Paper 3: Business Mathematics and logical reasoning and Statistics [100 Marks]
Part I: Business Mathematics and logical reasoning [60 Marks]
Part II: Statistics [40 Marks]
Paper 4: Business Economics and Business and Commercial Knowledge [100 Marks]
Part I: Business Economics [60 Marks]
Part II: Business and Commercial Knowledge [40 Marks]
Note: Paper 3 and Paper 4 are objective type papers
Paper 1: Accounting [100 Marks]
Paper 2: Corporate and other laws [100 Marks]
Part I: Corporate Laws [60 Marks]
Part II: Other Laws [40 Marks]
Paper 3: Cost Accounting [100 Marks]
Paper 4: Direct Tax Laws and Inderect Tax Laws [100 Marks]
Part I: Direct Tax Laws [60 Marks]
Part II: Inderect Tax Laws [40 Marks]
Paper 5: Advanced Accounting [ 100 Marks]
Paper 6: Auditing and Assurance [ 100 Marks]
Paper 7: Financial Management and Business Economic Environment [100 Marks]
Part I: Financial Management [60 Marks]
Part II: Business Economic Environment [40 Marks]
Paper 8: Information Technology and Strategic Management [100 Marks]
Part I: Information Technology [60 Marks]
Part II: Strategic Management [40 Marks]
Paper 1: Financial Reporting [100 Marks]
Paper 2: Strategic Financial Management [100 Marks]
Paper 3: Advanced Audit and Professional Ethics [100 Marks]
Paper 4: Corporate Laws and Other Economic Laws
Paper 5: Advanced Management Accounting[100 Marks]
Paper 6: Financial Services and Capital Markets and Information System Controls and Audit [100 Marks]
Part I: Financial Services and Capital Markets [50 Marks]
Part II: Information System Controls and Audit [50 Marks]
Paper 7: Advanced Direct Tax Laws and International Taxation [100 Marks]
Part I: Advanced Direct Tax Laws [70 Marks]
Part II: International Taxation [30 Marks]
Paper 8: Advanced Indirect Tax Laws [100 Marks]
5. Examination and Passing Criteria
Examinations are held twice a year (May and November). However, a student is required to complete the prescribed period from the date of registration to appear in the examination.
A student is declared passed if he/she secures a minimum of 50% in aggregate in a Group and 40% in each subject in each level.
6. Integrated Course on Information Technology and Soft Skills (ICITTS)
ICITTS is designed for 4 weeks, 2 weeks for Information Technology and 2 weeks for Soft Skills. Students can register and take training before the registration of articleship.
7. Articleship Training (ICAI)
After the completion of Intermediate level, students are required to join articleship training for 3 years under a practicing Chartered Accountant member. But the students admitted to Intermediate Level from Bachelor Degree may join Articleship Training after the registration of Intermediate. Students will get some prescribed amount of stipend during the training period.
8. Estimated Expense [Under ICAI][NPR]
Level Registration Tuition Fees* Examination Total
Foundation 10,720 60,000 1,360 72,080
Intermediate 25,600 80,000 4,320 98,720
Final 36,800 120,000 5,760 141,760
Grand Total 312,560
*Note: Scholarship available on tuition fees at Gurukul CA on merit basis.