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By CA. S. B. Zaware Principal Faculty

INTRODUCTION TO CHARTERED ACCOUNTANCY COURSE. By CA. S. B. Zaware Principal Faculty. CPT Introductory Lecture. ICAI NEW DELHI. Essential Qualities to become CA. WATCH TIME. MAINTAIN SPEED. HIT THE TARGET. CPT

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By CA. S. B. Zaware Principal Faculty

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  1. INTRODUCTION TO CHARTERED ACCOUNTANCY COURSE By CA. S. B. Zaware Principal Faculty

  2. CPT Introductory Lecture

  3. ICAI NEW DELHI

  4. Essential Qualities to become CA WATCH TIME MAINTAIN SPEED HIT THE TARGET

  5. CPT A simplified entry to C. A. Course C. A.

  6. Welcome To a fantastic journey of knowledge And wisdom. A journey that shows you the way to A paying and satisfying career. Welcome to a presentation On “Everything you wanted to know about How to become a Chartered Accountant But didn’t know where to ask ”

  7. About The Institute of Chartered Accountants of India and A Chartered Accountant

  8. ICAI New Delhi • The ICAI has been established by an Act of the Parliament in 1949. • Membership of ICAI is as follows

  9. World Statistics - 2003 Best Opportunities in India for C.A. !!!

  10. ICAI, New Delhi • Type of Members • A. C. A. ( Associate Member of The Institute of Chartered Accountants of India) • F. C. A. ( Fellow Member of The Institute of Chartered Accountants of India) • Types of Certificates • Certificate of Membership • Certificate of Practice

  11. ICAI Contact Head Office : Indraprastha Marg, New Delhi - 110 002. Tel. No. 91(11) 3989 3989, 3011 0404 Web Site: www.icai.org Western India Regional Office : “Anveshak", 27 Cuffe Parade, Colaba, Post Box No. 6081, Mumbai - 400 005. Tel. No. (9522) 563 75 000 E-mail – wro@icai.org Local Branch Pimpri Chinchwad Branch : Office No. 2, Prime 12 Appt., Plot No. H-1, Sector 26, Business District Next to Kendriya Sadan, PCNTDA, Akurdi, Pune – 411 044. Tel No. : 3233 4597 E-mail – pimpri.chinchwad@icai.org Local Branch Pune Branch : “Ambar Chambers ”, 5th Floor, Appa Balwant Chowk, 28-A, Budhwar Peth, Pune - 411 002. Tel No.: 2445 1636 E-mail – pune@icai.org

  12. Western India Region (WIRC) Southern India Region (SIRC) Eastern India Region (EIRC) Central India Region (CIRC) Northen India Region (NIRC)

  13. What CA can do?

  14. What CA can do?

  15. What CA can do?

  16. About C. A. Course

  17. Why to opt for CA Course? • High recognition in the Society. • Chartered Accountants are required by every commercial enterprise. • No post qualification gestation period. • C. A. Course backed by theoretical and practical knowledge. • During Articleship practical exposure is available. • High remuneration prospects & Job Satisfaction. • Course has constitutional support. • C.A. course offered by ICAI has been ranked No. 2, worldwide.

  18. Why to opt for CA Course? • A Chartered Accountant has a versatility in Career choosing:- • Whole time Service • Whole time Practice • Part Time Service / Part time Practice • Business / Entrepreneurship • Industry

  19. C.A. – A respected ProfessionalHigh Remuneration opportunity

  20. Personality Traits developed during C. A. Course • Development of intelligence • Analytical mind • Communication skills • Self determination • Hard working attitude • Patience • Ambition • Self confidence • Commitment • Forward looking • Optimism • Courage Medium of instructions ( Local / English ) up to 12th standard is not a barrier

  21. CA Course - Stages • Stage I: Common Proficiency Test (CPT) • Stage II: Integrated Professional Competence Course (IPCC) • 100 Hours of Information Technology Training (ITT) • Integrated Professional Competence Examination (IPCE) Group I or Both Groups. • Stage III: Articleship and Final course • Articleship (Practical Training – 3 years) • Integrated Professional Competence Examination (IPCE) Group II (if not cleared earlier). • General Management and Communication Skills (GMCS) • Final examination.

  22. Road map to Destiny

  23. C.A. Course Begins with CPT

  24. About CPT • CPT is entry Level Examination for C.A. course. • CPT is objective type examination requiring student to answer 200 Multiple Choice questions. • It is similar to MH-CET examination, conducted for Engineering and Medical Profession. • CPT Examination is now conducted two times a year, in June and December only.

  25. Objectives of CPT • To focus on career at 10th passing level. • Elimination of prolonged entry norm to CA course by substituting PE-I by CPT and become professional at the age of 21. • Registration after 10th Standard and preparation while pursuing the 10 + 2 study. • To attract young talented students • Commencement of practical training (Articleship) after passing Group I of IPCE. • To inculcate the analytical ability through Multiple Choice Questions, Case studies

  26. CPT – Subjects for Study Expected Level of Knowledge : Basic Knowledge

  27. CPT – Passing Criteria • Student has to obtain minimum 100 marks i.e. 50% of total Marks for passing CPT. • No Subject wise linkage for passing CPT. • Negative marking of 0.25 Marks for every incorrect answer. • Blank answer will fetch Zero marks.

  28. Marks Evaluation System Result : 60.00 %. PASS

  29. Marks Evaluation System Result : 50.00 %. PASS

  30. CA Course – Time Table for 12th Exam appearing students in Feb. 2009 Exam form for June 2009 will be available in April 2009 CPT In June 2009 Become C.A. in May 2013 Exam Information Technology Training GMCS 2 Weeks Final May 2013

  31. CA Course – Time Table for 12th Exam Passed students of Feb. 2009 Exam form for Dec 2009 will be available in Oct 2009 CPT In Dec. 2009 Become C.A. in Nov. 2013 Exam Information Technology Training GMCS 2 Weeks Final Nov. 2013

  32. CA Course – Time Table for 12th Exam appearing students in Feb. 2010 Exam form for June 2010 will be available in April 2010 CPT In June 2010 Become C.A. in May 2014 Exam Information Technology Training GMCS 2 Weeks Final May 2014

  33. CPT Registration Last Date for December 2009 attempt is 30th September 2009 Registration for CPT After Passing 10th Exam Last Date for June 2009 attempt is 31st March 2009 • Submissions for Registration • 10th Mark Sheet • Birth Date proof • DD of Rs.3,500 Last Date for June 2010 attempt is 31st March 2010 ICAI Grants Registration Give CPT Exam only after appearing in 12th or 10 +2 Exam (even before result)

  34. CPT Registration Procedure • Take the prospectus cum application form by paying Rs. 100. • Take Demand Draft of Rs.3,500 for Tuition Fees • In favour of “The Secretary, The Institute of Chartered Accountants of India”. • Payable at Mumbai / Kanpur / New Delhi / Chennai / Kolkata depending upon postal address of the applicant. Rs. 600 additional for CA Journal Subscription, to be paid through DD (It is advised to subscribe to CA Journal). It is optional. • Take Attested Copy of Birth Date Proof and 10th Mark Sheet / Passing Certificate. • Submit the filled in form and Collect Study Material

  35. CPT Registration Procedure • Registration For CPT : • Last Date : 60 days before the first day of the month in which exam takes place • 31St March for June attempt • 30th September for December attempt • Submit forms to : Pune Branch • Correspondence With The Institute : • Registration Matters : Mumbai Office • Examination Matters : Delhi Office • Do not forget to quote your Registration Number: For Name Change, For Address Change and Other Matters.

  36. After CPT join IPCC

  37. Integrated Professional Competence Examination (IPCE) - Eligibility • Student has passed CPT and 10 + 2 Exam. • Student has registered for IPCC at least 9 months before examination. • Student has completed a course on 100 Hours of ITT.

  38. 100 Hours Information Technology Training (ITT) • The student is required to undergo 100 Hours of ITT with ICAI after registration for IPCC. • Course materials will be provided by ICAI.

  39. IPCC – ICAI Fees Note : ICAI New Delhi is yet to make final announcement about the fees.

  40. Subjects for IPCE Expected Level of Knowledge : Working Knowledge Passing % = 40% in each Subject & Aggregate 50%

  41. Articleship begins after passing IPCE Final Course – Journey to destiny

  42. Articleship

  43. Articleship • To begin Articleship student should pass atleast Group 1 (not necessarily Both Groups) of IPCE and should have completed ITT of 100 Hours. • The unique requirement of practical training is instrumental in Shaping a well rounded professional. • Total Duration: 3 years. • Last 1 year student can join for Industrial Training. • Stipend is paid during the Articleship period.

  44. Attribute developed during Articleship • Inculcates a disciplined attitude for hard work. • Develops necessary skills in applying theoretical knowledge to practical situations. • Provides exposure to overall socio – economic environment in which organisations operate. • Develops ethical values.

  45. Articleship – Work experience • Accounting • Auditing (including internal audit) • Taxation (Direct and Indirect) • Information technology • Management Consultancy • Other areas

  46. Articleship – Minimum Monthly Stipend In Pune Stipend is paid within the range of Rs. 1500 – 2500 – 3000 p.m. in the 1st, 2nd & 3rd year respectively.

  47. Final Course

  48. CA Final • Case Study approach • Study at advanced level • Application of knowledge gathered during Articleship • Case laws • Interpretation of statutes

  49. CA Final Subjects for Study Passing % = 40% in each Subject & Aggregate 50% Expected Level of Knowledge : Advanced Knowledge

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