CA (Chartered Accountant) Course
The Indian Chartered Accountancy Course is the membership qualification course offered by the Institute of Chartered Accountants of India (ICAI). Any person who wants to become a member of ICAI and designate himself as a Chartered Accountant in India has to pass this course.
Steps to become a CA
For becoming CA students have to take care of many things.He has to start after 10th exam
- After 10th student can prepare and Register for CPT exam.
- Student has to complete his 12th and Clear the CPT exam.
- Join IPCC
- After joining IPCC student has to either pass both groups or has to go for 100 hours orientation program.
- Student has to join 3 years of practical training after clearing group 1 of IPCE
- Clear group 2 of IPCE if not been cleared in past.
- Join CA final course.
- Appear and qualify in CA final exam with 6 months of article training.
- Acquire membership of ICAI
CPT (Common Proficiency Test) is the first level of Chartered Accountancy examinations. A person can register for CPT after completing Grade 10 and take the exam after completing High School (Grade 12). It is an objective type examination and consists of 200 multiple choice questions. CPT covers four basic subjects divided into two sections viz. 1.Fundamentals of Accounting(60 Marks)+ Mercantile Laws(40 Marks) and 2.Economics(50 Marks)+ Quantitative Aptitude(50 Marks). Every incorrect answer on the CPT exam carries a 0.25 negative mark..A candidate is required to secure a minimum of 30 per cent marks in each Section and a minimum of 50 per cent marks in aggregate in all the four Sections to pass the Common Proficiency Test. CPT exams are held in June and December in paper pencil mode. On-line CPT exams are also conducted periodically. But with effect from 3rd Aug 2012 CPT is exempted for the Graduates, Post Graduates and the students having equivalent degrees. Commerce graduates with 55% and other graduates with 60% can take direct admission for IPCC.
CA Final Examination is the last and final level of Chartered Accountancy Examinations. Any person who has passed both the groups of IPCC, during the last six months of articleship can take the Final Examination. This exam consists of two groups of four papers each, for a total of eight papers.
There are presently around two lakh menbers of ICAI.