COMMON PROFICIENCY TEST (CPT)
About the course
Entry level test for Chartered Accountancy Course
Test comprises four subjects:
Accounting
Mercantile Laws
General Economics
Quantitative Aptitude
Test is of 200 marks
Examination in two sessions of two hours each on the same day.
CPT is an objective type test with negative marking
Held twice a year in the months of June and December
Passing Criteria – Obtains at one sitting a minimum of 30% marks in each section and a minimum of 50% marks in aggregate of all the sections, subject to the principle of negative marking
INTERMEDIATE (Integrated Professional Competence) COURSE (IPC)
About the Course
Two routes to IPC:
Join Intermediate (IPC) Course / ATC after passing CPT and 10+2 examination
Or
After Commerce Graduation / Post-Graduation (55%) or Other Graduation/Post-Graduation (60%)
Covers seven papers comprising of two groups
Group I
Paper 1 : Accounting (100 Marks)
Paper 2 : Business Laws, Ethics and Communication (100 Marks)
Part I :
Business Laws (60 Marks) comprising
Business Laws (30 Marks)
Company Law (30 Marks)
Part II : Ethics (20 Marks)
Part III : Communication (20 Marks)
Paper 3 : Cost Accounting and Financial Management
Part I : Cost Accounting (50 Marks)
Part II : Financial Management (50 Marks)
Paper 4 : Taxation
Part I : Income-tax (50 Marks)
Part II : Service Tax (25 Marks) and
VAT (25 marks)
Group II
Paper 5 : Advanced Accounting (100 Marks)
Paper 6 : Auditing and Assurance (100 Marks)
Paper 7 : Information Technology and Strategic Management
Section A : Information Technology (50 Marks)
Section B : Strategic Management (50 Marks)
The subjects of Intermediate (IPC) Course are classified into two groups which a student can study and appear in the examination group-wise or both the groups together.
After registration undergo Orientation Programme
Complete 100 hours ITT
Appear in Intermediate (IPC) Examination on completion of 8 months of study course as on first day of the month in which the examination is to be held
Join articled training after passing either Group I or Both Groups of Intermediate (IPC) Course
Undergo First General Management and Communication Skills (GMCS) course (15 days) during the first year of articled training.
Undergo Second General Management and Communication Skills (GMCS) course (15 days) after completion of 18 months of articled training but before completion of articled training. Alternatively, attend Four Week’s Residential Programme on Professional Skills Development.
Clear Group II of Intermediate (IPC) Examination if not done earlier.
CA FINAL
Join CA Final Course:
After passing Intermediate (IPC) Examination register for Final course with the Board of Studies
Complete Advance Information Technology Training during the third year of practical training but before appearing in the Final Examination.
Complete articled training of 3 years.
This is the penultimate stage of the course where a person who has passed in accordance with the pass rates is declared a qualified Chartered Accountant. A qualified student can either opt to practice or get into industry. There are totally eight subjects in this course.
SUBJECTS
Group I
Paper 1 : Financial Reporting (100 Marks)
Paper 2 : Strategic Financial Management (100 Marks)
Paper 3 : Advanced Auditing and Professional Ethics (100 Marks)
Paper 4 : Corporate and Allied Laws (100 Marks)
Section A : Company Law (70 Marks)
Section B : Allied Laws (30 Marks)
Group II
Paper 5 : Advanced Management Accounting (100 Marks)
Paper 6 : Information Systems Control and Audit (100 Marks)
Paper 7 : Direct Tax Laws (100 Marks)
Paper 8 : Indirect Tax Laws (100 Marks)
Section A : Central Excise (40 Marks)
Section B : Service Tax & VAT (40 Marks)
Section C : Customs (20 Marks)
Pass final examination and complete GMCS II, if not completed earlier.
