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Chartered Accountant


Requirements to become a Chartered Accountant

  • Enrol with the Institute for Common Proficiency Course (CPC) after passing class 10th examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
  • Appear in CPT examination after appearing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and after completion of specified period (60 days) from the date of registration for CPC with the Board of Studies and first day of the month in which the examination is to be held, viz., students registered on or before 1st April/1st October will be eligible to appear in June/December examination, as the case may be.
  • Join Intermediate (IPC) Course/ATC after passing CPT and 10+2 examination.
    • Undergo Orientation Programme
    • Complete 100 hours ITT
    • Students are advised to undergo Orientation Programme and complete 100 hours ITT at the earliest but these are to be completed compulsorily before commencement of their articleship.
    • Appear in Intermediate (IPC) Examination/ATE 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.
  • Join CA Final Course

    • After passing Intermediate (IPC) Examination register for Final course with the Board of Studies
    • Collect study material of the Final course and prepare for the Final examination
    • 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.
  • Appear in the final examination on completion of the practical training or while serving last 6 months of articled training on or before the last day of the month preceding the month in which the examination is to be held.
  • Pass final examination and complete GMCS II, if not completed earlier.
  • Enrol as a member of the ICAI and be designate as “Chartered Accountant”.

CPT

Registration Criteria: A student who has passed 10th standard examination may register with Institute of Chartered Accountants of India. However the student can attempt for the CPT only after appearing for the 12th standard examination

CPT Exam Details

CPT is an Objective type test requiring Basic Knowledge of the subjects covered. CPT is held two times in a year: June and December.

Session Subject Marks
Morning Fundamentals of Accounting 60
Morning Mercantile Laws 40
Afternoon General Economics 50
Afternoon Quantitative Aptitude 50

For June exam last date of registration with Institute is 1st April, of every year. Students attempting the CPT exam to be held in December, every year, should be registered with the Institute on or before 1st October, every year.

50% of Total marks and 30% in individual subjects required to qualify the Exam. It has a negative marking to the extent of 0.25 marks of each incorrect answers.

IPCC

  • Minimum Age: There is no stipulation as to the minimum age required for registering for the course.
  • Minimum Academic/Educational Qualifications
    • A pass in the Common Proficiency Test (CPT) conducted by ICAI
    • A pass in the Senior Secondary Examination (10+2) or Intermediation Examination or equivalent

IPCC Exam Details

The CA course at the IPCC level (Integrated Professional Competence Course)) consists of theoretical examinations as well as practical training in the form of compulsory computer course. There are 11 subjects to be studied arranged into 2 groups of 4 papers of 100 marks each in Group I and 3 papers of 100 marks each in Group II.

Group I

Paper Part Subject Marks
Paper 1 - Advanced Accounting 100
Paper 2: Law, Ethics and Communication 1 Law 60
Paper 2: Law, Ethics and Communication 2 Business Ethics 20
Paper 2: Law, Ethics and Communication 3 Business Communications 20
Paper 3: Cost Accounting and Financial Management 1 Cost Accounting 50
Paper 3: Cost Accounting and Financial Management II Financial Management 50
Paper 4: Taxation I Income-tax 50
Paper 4: Taxation II Service tax and VAT 25 and 25

Group II

Paper Part Subject Marks
Paper 5 - Advanced Accounting 100
Paper 6 - Auditing and Assurance 100
Paper 7: Information Technology and Strategic Management A Information Technology 50
Paper 7: Information Technology and Strategic Management B Strategic Management 50

The main/final examinations for the course at this level are conducted twice every year generally in May and November

To pass a student has to obtain a minimum of 40% in each paper and an aggregate of 50% in all the papers of both the groups together if attempting both the groups or all the papers of a single group, failing which the student has to reappear in all the papers of that group/groups again. A student has to get through both the groups either at once or separately to be eligible to go for the next level i.e. Final. However there are certain exemptions in cases where the student has obtained high marks in one or more papers and has failed the group.

Final

  • Minimum Age: There is no stipulation as to the minimum age required for registering for the course.
  • Minimum Academic/Educational Qualifications
    • A pass in the Common Proficiency Test (CPT) conducted by ICAI
    • A pass in the Integrated Professional Competence Course (IPCC)

FINAL Exam Details

The CA course at the Final level consists of theoretical examinations as well as practical training in the form of compulsory practical training and communication skills training. There are 8 subjects to be studied arranged into 2 groups of 4 papers each of 100 marks.

Group I

Paper Part Subject Marks
Paper 1 - Financial Reporting 100
Paper 2 - Strategic Financial Management 100
Paper 3 - Advanced Auditing and Professional Ethics 100
Paper 4: Corporate and Allied Laws A Company Law 20

Group II

Paper Part Subject Marks
Paper 5 - Advanced Management Accounting 100
Paper 6 - Information systems Control and Audit 100
Paper 7 - : Direct Tax Laws 100
Paper 8: Indirect Tax Laws A Central Excise 40
Paper 8: Indirect Tax Laws B Service Tax & VAT 40
Paper 8: Indirect Tax Laws C Custom 20

The main/final examinations for the course at this level are conducted twice every year generally in May and November

To pass a student has to obtain a minimum of 40% in each paper and an aggregate of 50% in all the papers of both the groups together if attempting both the groups or all the papers of a single group, failing which the student has to reappear in all the papers of that group/groups again. A student has to get through both the groups either at once or separately to be eligible to go for the next level i.e. Final. However there are certain exemptions in cases where the student has obtained high marks in one or more papers and has failed the group.

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