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Re: process of admission in chartered accountant
It is a good sign for you that you have completed your 12th class from Commerce stream because it is required in CA Let me tell you the steps by which you can take Admission in CA Basically ICAI decides the admission process for CA because it is the head of CA in our country the exam for CA is been held on three stages By the way let me explain that what are those 3 stages first stage is common proficiency test known as CPT, another is IPCC i.e. integrated professional competence course and final is C.A. Final exams. A candidate who is in 10th class can register for CPT but the exam would be after 12th standard .It is an entry level test. The test contains two sessions. In every session there are 2 exams. Session I: Section A: Fundamentals of accounting Section B: Mercantile Law Session II: Section C: General Economics Section D: Quantitative Aptitude The required marks for passing is 50% and the student only can use scientific calculator not the normal calculator. A student has to register himself for IPCC just after CPT pass. There must be a gap of nine month between exams of IPCC the student can give the exam only after nine months it is must follow condition. The IPCC examinations are held twice a year in the month of May and November. This is also divided in 2 groups. Group I: Paper1:Accounting Paper2:Law,Ethics and communication Paper3:Cost accounting and financial management Paper4:Taxation Group II: Paper5:Advanced Accounting Paper6:Auditing and Assurance Paper7:Information Technology and Strategic Management The level of knowledge is working knowledge. One can undergo for one or both groups. To clear exams minimum passing marks are total 50% in each group and 40% in each paper. After passing group1 if you don’t want to study further in that case. They are awarded with Accountant Technician certificate to those candidates who don’t want to study further When you clear group I then you have to register for practical training. It is given by a practicing C.A. ATC requires one year training and for CA three year training is required When your training is complete you can appear in C.A. final exams. There is some provision also to give exams in last 6months of training. C.A. final exams contains following subjects. Group I: Paper1:Financial Reporting Paper2:Strategic Financial Management Paper3:Advanced Auditing and Professional Ethics Paper4:Corporate and Allied Law Group II: Paper5:Advanced Management Accounting Paper6:Information System control and Audit Paper7irect Tax Laws Paper8:Indirect Tax Laws 50% is minimum here also in a single group and minimum 40% in each subject. After clearing both group of final there is a 15 days special training on GMCS i.e. general management and communication skills. At last you can be the member of ICAI and you will be called as Charted Accountant Hence these are the steps by which you can become CA |
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