CHARTERED ACCOUNTANCY COURSE
The Institute of Chartered Accountants of India (ICAI) is the governing body that awards CA Degrees in India. The ICAI head office is located in New Delhi and its regional offices are present in all other states in India. The Chartered Accountancy course is among the most opted professional courses in India. In order to pursue this course, candidates should clear 12th examination or graduation with the least percentage to be eligible
There are two ways to enroll for CA Course:
- CPT (after Class 12)
- Direct Entry Scheme (after Graduation he/she can attempt Intermediate Examination without CA Foundation Level)
There are three levels in Chartered Accountancy course:
- CPT (Foundation)
- IPCC (Intermediate)
- FC (Final Course)
It will take around 5 years to clear these levels. These five years will help candidates to gain in-depth knowledge of Accounting, Auditing, Taxation, Corporate Laws, etc.
- The Common Proficiency Test Common Proficiency Test (CPT) is the entry-level foundation course.
- There are two groups in the Integrated Professional Competence Course (IPCC).
- The CA final course covers the advanced knowledge of financial reporting, financial management, auditing and professional ethics etc.
Earlier it was mandatory for candidates to undergo an articleship with any audit or accounts firm for a period of 3 years after clearing the group 1st.
This year ICAI proposed a new scheme of education and training 2023.
Therefore, in the CA new syllabus 2023, several papers of all the three levels
are merged, and few are removed. Moreover the Articleship period is
reduced from 3 years to 2 years.
ICAI CA New Scheme 2023
| ICAI CA COURSE LEVELS | NUMBER OF PAPERS |
|---|
| CA FOUNDATION |
4 PAPERS |
| CA INTERMEDIATE |
6 PAPERS (2 GROUPS, 3 PAPERS IN EACH) |
| CA FINAL COURSE |
6 PAPERS (2 GROUPS, 3 PAPERS IN EACH ) |
REGISTRATION REVALIDATION
CA Foundation: Foundation level registration is valid for 4 years.
Revalidation of CA Foundation registration is not possible. In case if a
candidate is not able to clear Foundation Exam within 4 years of registration,
he/she can take up the other way of direct entry to Intermediate Course
subject to fulfilling certain conditions.
CA Intermediate: CA Intermediate level registration is valid for 5 years.
Candidates can revalidate their registration only once after expiry of
registration for a further period of 5 years.
CA Final: CA Final registration is valid for a period of 10 years.
Candidates can revalidate CA Final registration again and again after expiry
of validity period of 10 years.
CA FOUNDATION
| PAPERS | TOPICS | MARKS |
|---|
| Paper 1 |
Accounting |
100 marks |
| Paper 2 |
Business Laws |
100 marks |
| Paper 3 |
Quantitative Aptitude |
100 marks |
| Paper 4 |
Business Economics |
100 marks |
CA INTERMEDIATE
| PAPERS | TOPICS | MARKS |
|---|
| GROUP1: |
|
|
| Paper 1 |
Advanced Accounting |
100 marks |
| Paper 2 |
Corporate laws |
100 marks |
| Paper 3 |
Cost and Management Accounting |
100 marks |
| GROUP2: |
|
|
| Paper 4 |
Taxation (Direct Tax & Indirect Tax) |
100 marks |
| Paper 5 |
Auditing and Code of Ethics |
100 marks |
| Paper 6A |
Financial Management |
50 marks |
| Paper 6B |
Strategic Management |
50 marks |
CA FINAL
| PAPERS | TOPICS | MARKS |
|---|
| GROUP1: |
|
|
| Paper 1 |
Financial Reporting |
100 marks |
| Paper 2 |
Advanced Financial Management |
100 marks |
| Paper 3 |
Advanced Auditing & Professional Ethics |
100 marks |
| GROUP2: |
|
|
| Paper 4 |
Direct Tax Laws and International Taxation |
100 marks |
| Paper 5 |
Indirect Tax Laws |
100 marks |
| Paper 6 |
Integrated Business Solutions (Multi-disciplinary case study with Strategic Management) |
100 marks |
PATTERN & CRITERIA TO PASS DIFFERENT LEVELS
CA Foundation :
The examination will be partly subjective and partly objective.
Required marks to pass is 50% per paper (with 25% negative marking for
every wrong answer to MCQs in papers 3 and 4).
CA Intermediate:
This will be a closed book examination and is partially objective & partially
subjective [30% case scenario/study based MCQs and 70% descriptive
questions] in all papers.
40% marks in every individual paper and 50% marks in aggregate is required
to pass the Group (with25% negative marking for wrong answers to MCQ
based questions).
CA Final:
The pattern is Open book/ restricted open book for all papers. Marking
scheme- 30% assessment through case scenarios/ study based MCQs 70%
assessment through descriptive questions. Multidisciplinary case study paper
is mandatory.
A candidate can pass in CA Final exams only if he/she secures at least 40%
marks in each paper and 50% marks in aggregate to pass the Group and there
will be 25% negative marking for wrong answers to MCQ based questions.
ELIGIBILITY
CA Foundation:
Candidates shall be eligible to appear in CA Foundation examination after
finishing 4 months study period and clearing Class-12 examination.
CA Intermediate:
After completion of 8 months Study period (for candidates registering
through Foundation Route as well as Direct Entry Route).
CA Final:
Candidates must pass both the Groups of CA Intermediate Examination and
Complete 2 years of Practical Training (Articleship). Completion and
passing of 4 Self-Paced learning Modules (online), including completion of
Management and Communication skills (MCS) and Advanced ITT (second level) are necessary.
Candidates can appear in the Final examination after completion of 6 months from
the end of two years of Practical Training.
Company Secretary Course
In order to regulate the profession of company secretaries in our country the
Institute of Company Secretaries of India (ICSI) offers Company Secretary
course (CS) as per the Company Secretaries Act, 1980.
There are three stages in CS:
- CS Foundation Programme (replaced with CS Executive Entrance Test or CSEET)
- CS Executive Programme
- CS Professional Programme
CS Executive and CS Professional examinations are conducted twice in a
year in June and December.
There are four Subjects in the CS Foundation Programme.
| Paper 1 |
Business Environment And Law |
| Paper 2 |
Business Management, Ethics & Entrepreneurship |
| Paper 3 |
Business Economics |
| Paper 4 |
Fundamentals Of Accounting And Auditing |
Examination Pattern
| Mode Of Examination |
Computer-Based |
| Medium Of Examination |
English and Hindi |
| Duration Of Examination |
90minutes (per paper) |
| Number Of Papers |
4 papers |
| Examination Type |
Objective |
| Number Of Questions |
50 Questions |
| Marking Scheme |
2 marks for each correct answer |
NOTE: There is no negative marking.
Foundation Programme or CSEET is the first level of Company
Secretary course and to register for the candidate must be Class 12 pass in any stream (excluding Fine Arts) from a recognized university or
equivalent.
If any candidate plans to pursue CS after graduationthey will have to
complete only two levels:
- CS Executive Programme
- CS Professional Programme
CS Executive programme:
This is a 9 months programme and is the second stage in CS course.
The aspiring students must be 17 years and above. They need to pass grade 12th
examination and should qualify the national level Company Secretary
Executive Entrance Test (CSEET) to be eligible for the CS Executive programme.
CSEET is conducted four times in a year in January, May, July and November.
Fees charged for each CSEET session is 1000/-.
There are totally 8 papers in the CS Executive Course which are divided into 2 modules:
| MODULE 1 | MODULE 2 |
|---|
| Jurisprudence, Interpretation & General Laws |
Corporate & Management Accounting |
| Company Law |
Securities Laws & Capital Markets |
| Setting up of Business Entities and Closure |
Economic, Business and Commercial Laws |
| Tax Laws |
Financial and Strategic Management |
Examination Pattern
| Mode Of Examination |
Offline Pen-Based |
| Medium Of Examination |
English and Hindi |
| Duration Of Examination |
3 hours |
| Number Of Papers |
8 papers |
| Number of Modules |
2 Modules |
| Examination Type |
Subjective |
| Number Of Questions |
50 Questions per each paper |
| Marking Scheme |
2 marks per each correct answer |
CS Professional Programme:
CS Professional is the final stage in the CS course. Only candidates
who clear the CS executive level examination are eligible for this programme.
Candidates must complete the CS Professional Programme within the validity
of their registration period.
In CS Professional Programme the papers are divided into 3 modules:
| MODULE 1 |
Governance, Risk Management, Compliances and Ethics |
| |
Advanced Tax Law |
| |
Drafting, Pleadings and Appearances |
| MODULE 2 |
Secretarial Audit, Compliance Management and Due Diligence |
| |
Corporate Restructuring, Insolvency, Liquidation & Winding-up |
| |
Resolution of Corporate Disputes, Non-Compliances & Remedies |
| MODULE 3 |
Corporate Funding & Listings in Stock Exchanges |
| |
Multidisciplinary Case Studies |
| |
Electives: 1 paper out of below 8 papers
- Banking – Law & Practice
- Insurance – Law & Practice
- Intellectual Property Rights – Laws and Practices
- Forensic Audit
- Direct Tax Law & Practice
- Labour Laws & Practice
- Valuations & Business Modelling
- Insolvency – Law and Practice
|
Examination Pattern
| Mode Of Examination |
Offline Pen-Based |
| Medium Of Examination |
English and Hindi |
| Duration Of Examination |
3 hours |
| Number Of Papers |
9 papers |
| Number of Modules |
3 Modules |
| Examination Type |
Subjective |
| Marking Scheme |
100 marks per paper |
NOTE: It is an open book examination for Multidisciplinary Case Studies
paper and Elective paper in module 3. The examination per module is 1200/-.
To qualify CS Professional candidates must score a minimum of 40% marks
in each Paper as well as an aggregate of 50%marks
CA Past Papers & marking schemes- https://www.klminstitute.com/pastexampaper
CS Past Papers & marking schemes- https://www.klminstitute.com/pastexampaper
CA lecture video Link - https://www.youtube.com/channel/UCoqI7C9rI2UbFPITF2bPgnQ
CS lecture video Link - https://www.youtube.com/channel/UCoqI7C9rI2UbFPITF2bPgnQ
CA CS news - https://www.theoligo.com/