Transcript New Scheme of Education and Training - ICAI

Chartered Accountancy
Global career opportunities through
a premier professional Institute
Board of Studies
The Institute of Chartered Accountants of India
New Delhi
About the Institute
 The Institute of Chartered Accountants of India (ICAI)
is the premier professional accounting body of the
country, established in July, 1949 under the Chartered
Accountants Act, 1949, as amended by the Chartered
Accountants (Amendment) Act, 2006 enacted by the
Parliament to regulate the profession of Chartered
Accountants in India.
 Headquarters in New Delhi.
 5 Regional Offices located in Mumbai, Chennai,
Kolkata, Kanpur and New Delhi.
 121 Branches in India.
 344 CPE Chapters/Study Circles/Study Groups in India.
 21 Chapters outside India.
Career Opportunities
for Chartered Accountants
Why Chartered Accountancy Course?
 Chartered Accountancy Course offers the students a
dream career in the specialized areas of Accounting,
Auditing, Corporate Finance, Corporate Laws,
Taxation.
 Chartered Accountants are highly demanded
professionals in industry.
 Chartered Accountants are statutorily recognized audit
practitioners.
 Chartered Accountants are greatly sought-after
professionals in the practice of Income-tax, Service-tax
and other indirect tax areas.
 Chartered Accountants are equipped to act as
management consultants.
Career Opportunities
for Chartered Accountants
(1) Independent Professional Practice
(2) Management Consultancy service/practice
(3) Service in industry / Govt. organisation
(1) Independent Professional Practice
As practitioners of accounting, CAs may start professional practice as a
proprietor or join any firm as a partner or staff member. A CA provides
compliance and review services, also acts as a business advisor by
rendering all kinds of services including the preparation of financial
reports, helping the business to secure loans, preparing financial
projections and determining the viability of a business in following
traditional areas besides practising:
(1) Audit
(2) Income Tax
(3) Service Tax
(4) Value Added Tax
Career Opportunities
for Chartered Accountants
(2) Management Consultancy Services
A CA plays a vital role in assisting businesses to
improve the use of their resources, increase their
efficiency and achieve their objectives. The range of
management consultancy services rendered by CAs
reflect their expertise in diverse areas like 
(1) Financial Management
(2) Strategic Management
(3) Planning and financial policy determination.
Career Opportunities
for Chartered Accountants
(3) Service in Industry/Government Organisation
A CA may prefer to join an industry or government
department and ultimately hold responsible positions.
Alternately, a CA may take up the job of an educator at a
University/college level. Many chartered accountants
hold responsible positions in business or industrial
entities as CEOs, CFOs, COOs, Managing Directors,
Director (Finance), in the following sectors:(1) Banking
(2) Information Technology
(3) Insurance.
CPT Examination
Twice a year in June and December
Appeared or passed in 12th standard examination
and registered for CPT at least 2 months prior to
the first day of the month in which the CPT
exam is scheduled to be held.
Students appearing in 12th class examination in
March 2010 will be eligible to appear in CPT
examination to be held in June 2010.
There is also provision for On-line CPT
Examination.
CPT Examination
For December 2009 examination, students
should register for CPT course with the
Board of Studies of the Institute on or
before 1st October 2009.
CPT Prospectus containing registration
form is available for Rs.100/ from the
regional and branch offices of the Institute
all over India.
CPT Examination
After getting registered for CPT course,
students are required to fill in CPT
examination form separately.
For CPT June/December examination,
Information Brochure cum Application
Form costing Rs.600/ (inclusive of
examination fee) would be available from
all regional and branch offices of ICAI in
the month of April/October onwards.
CPT exam Notification/Announcement may
be looked for in Newspapers/www.icai.org
Pattern of Objective Type
Questions
One question having four alternative answers.
Fill in the blanks having four alternative
answers.
Small paragraph of two-three lines, followed by
a question having four alternative answers.
Numerical having four alternative answers
(wherever applicable).
Fee structure
Fee for (i) Indian students residing in India
and other SAARC countries and Bhutan
(ii) Students belonging to other SAARC
countries and Bhutan
Rs. 6,000
Fee for (i) students of foreign countries
other than SAARC countries and Bhutan
(ii) Indian students residing abroad (other
than SAARC countries and Bhutan)
US$ 350
(approx.)
To Qualify as a Chartered
Accountant
 Enrol for Common Proficiency Test (CPT), after
passing Class 10 examination
 Appear and pass in CPT after appearing in (10+2).
However, you should pass both CPT and 10+2 before
registering for Integrated Professional Competence
Course (IPCC)
 Enrol for Group I or Group II or for both Group I and
Group II of IPCC
 Successfully complete 9 months of Study Course from
the date of IPCC registration
 Successfully complete Orientation Course of one week
spanning 35 hours and covering topics, such as
personality development, communication skills, office
procedures, business environment, general commercial
knowledge, etc.
To Qualify as a Chartered
Accountant
 Successfully complete 100 hours Information Technology
Training (ITT)
 Appear and pass Group I as well as Group II of Integrated
Professional Competence Examination (IPCE)
Group I comprises of four papers as under:
(1) Accounting
(2) Business Laws, Ethics and Communication
(3) Cost Accounting and Financial Management
(4) Taxation.
Group II consists of three papers:
(5) Advanced Accounting
(6) Auditing and Assurance
(7) Information Technology and Strategic Management.
Register as Articled Assistant for a period of 3 years, on passing
either Group I or both Groups of IPCE.
To Qualify as a Chartered
Accountant
Appear in CA Final Examination during the
last 6 months of 3 years of articled training
Pass Group I as well as Group II of CA Final
Examination
Complete 3 years period of articled training
Successfully complete the Course on General
Management and Communication Skills (15
days)
Enrol as a member of ICAI and be eligible to
designate yourself as “Chartered Accountant”
To become an Accounting Technician
(Accounting Technician Course  ATC)
 Enrol for Common Proficiency Test (CPT) after
passing Class 10 exam
 Appear and pass in CPT after appearing in
(10+2). However, you should pass both CPT and
10+2 before registering for ATC.
 Enrol for ATC
 Successfully complete 9 months of Study Course
from the date of registration for the ATC
 Successfully complete Orientation Course of one
week spanning 35 hours and covering topics,
such as personality development, communication
skills, office procedures, business environment,
general commercial knowledge etc.
To become an Accounting Technician
(Accounting Technician Course)
 Successfully complete 100 hours Information
Technology Training (ITT)
 Pass Group I of Integrated Professional Competence
Examination (IPCE)
 Group I comprises of four papers:
(1) Accounting
(2) Business Laws, Ethics and Communication.
(3) Cost Accounting and Financial Management
(4) Taxation.
 Successfully complete one year work experience under
a chartered accountant in practice or in industry
 Get ATC Certificate
 Designate as “Accounting Technician”
To become a CA, even after
becoming Accounting Technician
 Enrol for Group II of Integrated Professional
Competence Course (IPCC)
 Register as an Articled Assistant for a period of 3
years
 Pass Group II of IPCE
 Appear in CA Final Examination during the last 6
months of 3 years of articled training
 Pass both Groups of CA Final Examination
 Complete 3 years period of articled training
 Successfully complete the Course on General
Management and Communication Skills (15 days)
 Enrol as a member of ICAI to be eligible to
designate yourself as “Chartered Accountant”.
Course Structure at a Glance
Accounting Technician Course
(CPT + ATC)
Common Proficiency Test (CPT)
Section A
Section B
Section C
Section D
–
–
–
–
Fundamentals of Accounting
Mercantile Laws
General Economics
Quantitative Aptitude.
Accounting Technician Course (ATC)
(1)
(2)
(3)
(4)
Accounting
Business Laws, Ethics and Communication
Cost Accounting and Financial Management
Taxation (Direct & Indirect Taxes).
ATC (CPT + ATC)
Accounting Technician Course (ATC)
1. Accounting
2. Business Laws, Ethics and
Communication,
Part-I Law  Business Laws, Company Law,
Part-II Business Ethics,
Part-III Business Communication,
3. Cost Accounting and Financial Management
4. Taxation (Direct & Indirect Taxes).
Chartered Accountancy Course
(CPT + IPCC+ CA Final)
Common Proficiency Test (CPT)
Section A – Fundamentals of
Accounting
Section B – Mercantile Laws
Section C – General Economics
Section D – Quantitative Aptitude.
Chartered Accountancy Course
(CPT + IPCC+ CA Final)
Integrated Professional
Competence Course (IPCC)
Group-I
1.
2.
3.
4.
Accounting
Business Laws, Ethics and Communication,
Part-I Law  Business Laws Company Law
Part-II Business Ethics
Part-III Business Communication
Cost Accounting and Financial Management
Part-I Cost Accounting
Part-II Financial Management
Taxation (Direct & Indirect Taxes)
Chartered Accountancy Course
(CPT + IPCC+ CA Final)
Integrated Professional
Competence Course (IPCC)
Group-II
5. Advanced Accounting
6. Auditing and Assurance
7. Information Technology and
Strategic Management.
Chartered Accountancy Course
(CPT + IPCC+ CA Final)
CA Final
Group-I
1. Financial Reporting
2. Strategic Financial Management
3. Advanced Auditing and Professional
Ethics
4. Corporate and Allied Laws.
Chartered Accountancy Course
(CPT + IPCC+ CA Final)
CA Final
Group-II
5. Advanced Management Accounting
6. Information Systems Control and
Audit
7. Direct Tax Laws
8. Indirect Tax Laws (Central Excise,
Service Tax & VAT, Customs).
100 Hours Information
Technology Training (ITT)
The training components would focus on
application softwares relevant for accounting
and auditing.
In addition, knowledge of Electronic Spread
Sheet, Data base Management System, Webtechnology and System Security and
Maintenance are strengthened.
The ITT has been linked to theoretical
knowledge imparted through Information
Technology subject under Group II of IPCC.
The training synchronizes theoretical
knowledge with practical training.
100 Hours Information
Technology Training (ITT)
The 100 Hours ITT would commence
after a student gets registered for IPCC.
The 100 hours ITT is conducted through
Regional Councils and Branches of the
ICAI for which a separate fee is charged.
The 100 hours ITT is moduled in 20/40
days @ 5/3 hours per day on full time
basis.
About 100 hrs. Information
Technology Training
Topic
Introduction to Computer
Duration
1 hr.
Operating Systems
6 hrs.
Introduction to Word Processor –
MS-Word 2007
Introduction to Electronic Spread
Sheets – MS-Excel 2007
Introduction to Presentation
Software – MS-PowerPoint 2007
Data Bases
6 hrs.
15 hrs.
5 hrs.
15 hrs.
About 100 hrs. Information
Technology Training
Topic
Other Utilities & Office Automation
Tools – Outlook 2007
Accounting package
Computer Aided Audit Techniques
Web Technology & System Security
and Maintenance
Introduction to Visual Basic
Digital Signature and Verification
of Electronic Records
Total
Duration
3 hrs.
20 hrs.
12 hrs.
10 hrs.
5 hrs.
2 hrs.
100 hrs.
Pursue B. Com and M. Com.
Courses
To facilitate pursuance of graduation and
post-graduation courses by the students,
ICAI has entered into MOUs with the
following Universities:
(i) Indira Gandhi National Open University
(IGNOU), New Delhi.
(ii) Netaji Subhas Open University, Kolkata.
(iii) Guru Jambeshwar University, Hisar.
(iv) Bharathiar University, Coimbatore
for B.Com/BBA, M.Com/MBA.
PLACEMENT OPPORTUNITIES
Packages offered by different companies
in the Campus Interviews conducted
during March – April, 2009
Salary Range per annum
Number of
Candidates
Rs. 9 lacs & above
11
Rs. 7.50 lacs to Rs. 8.99 lacs
79
Rs. 5 lacs to Rs. 7.49 lacs
189
Rs. 3.50 lacs to Rs. 4.99 lacs
105
Rs. 3 lacs to Rs. 3.49 lacs
11
Top Recruiters
during March – April, 2009
Campus Interviews
Sl.
Company Name
No.
1. Jaypee Capital Services Ltd.
Selected
64
2.
IOCL
40
3.
SBI
34
4.
Genpact
28
5.
SIDBI
18
6.
Power Grid Corporation Ltd.
18
Top Ten Remunerations offered
during March – April, 2009
Campus Interviews
Sl. No.
Company Name
Tolaram Corporation Pvt. Ltd.
1.
Remuneration Offered
(Rs. In lacs P.A.)
23.00
(International Posting)
2.
SEBI
9.00
3.
Power Grid Corporation
8.50
4.
Nestle India Ltd.
8.00
5.
Jaypee Capital Services Ltd.
7.50
6.
ONGC
7.50
7.
BPCL
7.20
8.
Rural Electrification Corporation
Ltd.
7.00
9.
IOCL
6.68
10.
Credit Suisse India Pvt. Ltd.
6.50
11.
PWC
6.32
The average salary offered
Rs. 6.06 lacs per annum
during
March – April, 2009
Campus Interviews
Trends of Pass Percentages
in CA Examination
CPT Examination
39
38
38.42
37.82
37
June, 2008
36
Dec.-2008
35
34
33
32
31
June,2009
33.56
Trends of Pass Percentages
in CA Examination
Professional Education (Examination-II)
30
28.30
25
20.53 20.52
20
16.97
May,08
15
12.05
Nov.-08
June,09
10
5
7.98
3.76
1.81
0.25
0
Group-I
Group -II
Both Groups
Trends of Pass Percentages
in CA Examination
Professional Competence Examination
45
40
35
36.96
38.31
30.52
30
25.44
25
22.42
21.05
20
14.68
15
May,08
22.82
Nov.-08
June-09
14.27
10
5
0
Group-I
Group-II
Both Groups
Trends of Pass Percentages
in CA Examination
Final Examination
40
35
30
36.72
32.42
27.83
28.32
24.16
25.00
May,08
25
20.27
20
15.04
15
13.85
10
5
0
Group-I
Group-II
Both Groups
Nov-08
June-09
Fee Structure for CA Course at a glance
as on 01.04.2010
1. Common Proficiency Test (CPT)
Registration Fee
:
Rs. 6,000
Exam Fee
:
Rs. 600
2. Integrated Professional Competence Course (IPCC)*
Registration Fee
:
Rs. 9,000
Exam Fee
:
Rs. 1,600
3. Final Examination
Registration Fee
:
Rs. 8,500
Exam Fee
:
Rs. 2,250
4. Orientation Fee for IPCC students :
Rs. 3,000
5. 100 hours ITT Fee
:
Rs. 4,000
6. GMCS Fee
:
Rs. 4,000
Total
Rs.38,950
*NOTE: If some one want to do ATC in place of IPCC the fee is as under
Accounting Technician Course (ATC)
Registration Fee
:
Rs. 10,000
Exam Fee
:
Rs. 1,000
Minimum Stipend
payable per month to
articled assistants
I year
II year
Remaining
Total
period during
3-year
period
Cities/Towns having
population of 20 lakhs
and above
1,000  12
= 12,000
1,250  12
= 15,000
1,500  12 45,000
=18,000
Cities/Towns having
population of above 4
lakhs but less than 20
lakhs
750  12 =
9,000
1,000  12
= 12,000
1,250  12 36,000
= 15,000
Cities/Towns having
population of less than
4 lakhs
500  12 =
6,000
750  12 =
9,000
1,000  12 27,000
= 12,000
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