Chartered Accountancy Global career opportunities through a premier professional Institute

Chartered Accountancy

Global career opportunities through a premier professional Institute

Board of StudiesThe 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.

(1) Independent Professional Practice (2) Management Consultancy service/practice

(3) Service in industry / Govt. organisation

(1) Independent Professional PracticeAs 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


(2) Management Consultancy ServicesA 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.


(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 ExaminationTwice a year in June and DecemberAppeared 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 ExaminationFor 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 ExaminationAfter 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.


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.


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 trainingSuccessfully 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 ATCSuccessfully complete 9 months of Study Course

from the date of registration for the ATCSuccessfully 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.

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 an Accounting Technician (Accounting Technician Course)

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 IPCEAppear in CA Final Examination during the last 6

months of 3 years of articled trainingPass both Groups of CA Final ExaminationComplete 3 years period of articled trainingSuccessfully 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 GlanceAccounting Technician Course

(CPT + ATC)Common Proficiency Test (CPT)

Section A – Fundamentals of Accounting Section B – Mercantile Laws Section C – General Economics Section D – Quantitative Aptitude.

Accounting Technician Course (ATC)(1) Accounting(2) Business Laws, Ethics and Communication(3) Cost Accounting and Financial Management(4) 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.


Integrated Professional Competence Course (IPCC)

Group-I1. 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 ManagementPart-I Cost Accounting Part-II Financial Management

4. Taxation (Direct & Indirect Taxes)


Integrated Professional Competence Course (IPCC)

Group-II5. Advanced Accounting 6. Auditing and Assurance 7. Information Technology and Strategic Management.


CA FinalGroup-I

1. Financial Reporting 2. Strategic Financial Management 3. Advanced Auditing and Professional

Ethics 4. Corporate and Allied Laws.


CA FinalGroup-II

5. Advanced Management Accounting6. 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, Web-technology 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 DurationIntroduction to Computer 1 hr.

Operating Systems 6 hrs.

Introduction to Word Processor –

MS-Word 2007

6 hrs.

Introduction to Electronic Spread Sheets – MS-Excel 2007

15 hrs.

Introduction to Presentation Software – MS-PowerPoint 2007

5 hrs.

Data Bases 15 hrs.

About 100 hrs. Information Technology Training

Topic DurationOther Utilities & Office Automation Tools – Outlook 2007

3 hrs.

Accounting package 20 hrs.

Computer Aided Audit Techniques 12 hrs.

Web Technology & System Security and Maintenance

10 hrs.

Introduction to Visual Basic 5 hrs.

Digital Signature and Verification of Electronic Records

2 hrs.

Total 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 OPPORTUNITIESPackages 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. No.

Company Name Selected

1. Jaypee Capital Services Ltd. 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 Remuneration Offered

(Rs. In lacs P.A.)

1.Tolaram Corporation Pvt. Ltd. 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, 2009Campus Interviews

Trends of Pass Percentagesin CA Examination

CPT Examination

37.8238.42

33.56

31

32

33

34

35

36

37

38

39

June, 2008

Dec.-2008

June,2009


Professional Education (Examination-II)

20.53

12.05

3.761.81

0.25

7.98

16.97

28.30

20.52

0

5

10

15

20

25

30

Group-I Group -II Both Groups

May,08

Nov.-08

June,09


Professional Competence Examination

36.96

30.52

38.31

22.4221.05

22.8225.44

14.2714.68

0

5

10

15

20

25

30

35

40

45

Group-I Group-II Both Groups

May,08

Nov.-08

June-09


Final Examination

36.72

32.42

25.00

28.32

20.27

27.83 24.16

15.04 13.85

0

5

10

15

20

25

30

35

40

Group-I Group-II Both Groups

May,08

Nov-08

June-09

Fee Structure for CA Course at a glanceas 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 ExaminationRegistration Fee : Rs. 8,500 Exam Fee : Rs. 2,250

4. Orientation Fee for IPCC students : Rs. 3,0005. 100 hours ITT Fee : Rs. 4,0006. 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 underAccounting 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 period

Total 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 =18,000

45,000

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 = 15,000

36,000

Cities/Towns having population of less than 4 lakhs

500 12 = 6,000

750 12 = 9,000

1,000 12 = 12,000

27,000

http://www.icai.org/[email protected]

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Chartered Accountancy Global career opportunities through a premier professional Institute