#Face to face classes for ca ipcc audit
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waytopinnacle-blog · 7 years ago
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Sumit parashar sir’s classes position one institute of chartered accountancy course in India.
Sumit parashar sir’s upcoming batches face to face classes ca ipcc itsm or eissm schedule at laxminagar in delhi nov17 and may 18
Navneet Parashar sir’s face to face classes ca ipcc law schedule at laxminagar in delhi-92
Lovely dhingra sir’s face to face classes ca ipcc Audit schedule at laxminagar in delhi-92
Visit our website for more information about class and subject waytopinnacle
Sir’s provide online video class for ca ipcc eissm or itsm subject for ca intermediate
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Pen Drive Classes and Video Lectures for CA Final, CS & CMA
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As we all are aware of the course CA and the busy schedule of a CA Students, so the concept of Pendrive Classes for CA Final is the best option for them. There are many advantages of Pendrive Classes like
•    You get the freedom to decide your own timetable to view the lectures. Actually, you are carrying it on your laptop and whenever you get free time, you can view it.
•    You will never miss the lectures due to office commitments, ill health or social commitments etc.
•    There is no fear of missing the lecture and due to which missing the link of next lectures.
 I m a CS Final student just cleared my 2nd group in the last attempt, I think all the CA Final student is facing the same problem what I have suffered in past few years i.e. 3 years of articles does not allow so much time so that you can complete your batches in given time and most of the time I have missed my batches due to outstation audit and recovery of all the classes were very difficult. Then I got to know about “Smart Learning Destination” pen drive classes for CA, CS & CMA for all subjects at all levels by India's best faculties. I purchased the pen drive classes for CA final, it is very convenient to carry your classes wherever you want and you can watch your lectures whenever you want.
Earlier it was very difficult to get quality teachers for each subject due to limited resources but now Pendrive Video Lectures for CA, CS, and CMA by certified CA faculties and quality teachers at SMART LEARNING DESTINATION like Praveen Jindal, Sarthak Jain, Jai Chawla in FR, for law Darshan Khare, for SFM Praveen Khatod and Tarun Mahajan, for audit Aseem Trivedi and Aarti Lahoti, for cost Satish Jalan, Praveen Khatod, for direct tax Bhanwar Borana and Ashish goyal, for IDTL Vishal Bhattad and Deepak Gupta, for ISCA Jignesh Chheda, Bhavana Garg….they all are India's best faculties. Pen Drive Classes are very beneficial, you can increase the speed (if you want), there are multiple views available you can watch the Pendrive classes for multiple time and now it is available at all levels of CA, CS & CMA like inter, Foundation, IPCC, CPT, SMART LEARNING DESTINATION works on the concept of “how can we best serve the people that matter the most” as it is run by ca final students.
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jobsnhomes1 · 7 years ago
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A Complete Guide To ICAI Exams
A Chartered Accountant, commonly called CA, is a coveted profession in India. Over 100,000 students enroll every year for the Chartered Accountancy course offered by the Institute of Chartered Accountants of India (ICAI). Chartered Accountants are required to audit a company’s annual accounts for owners, shareholders and the government. They keep your personal accounts updated and help save taxes.
ICAI Exam
There are a little over 250,000 Chartered Accountants in India registered as either Associate or Fellow with the ICAI. Chartered Accountants are in great demand and get paid exorbitantly.
An estimated 50,000 or about 20 percent of Chartered Accountants in India are women and this number is expected to increase.
Studying Cheap to Earn High This is exactly what a Chartered Accountancy course offers among other professional courses. The entire three-and-half year course costs just Rs. 49,300. This is a fraction of what students studying engineering and medicine would pay. Over 100,000 students enroll themselves for the CA course annually. A mere three percent make it to the final exams due to the inherent laboriousness in completing the program.
Since CAs deal with our money, they are required to be extremely proficient in mathematics, accountancy and related subjects while studying. Only those willing to exert extra efforts and labor relentlessly while studying can successfully complete the CA course.
An eye for detail and intolerance towards any pecuniary infarctions will serve well while studying.
The Institute of Chartered Accountants of India (ICAI) The Institute of Chartered Accountants of India (ICAI) was established by an Act of the Parliament of India called The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949). It is mandated by the Indian government for regulating the profession of Chartered Accountancy in India.
ICAI is governed by the administrative control of the Ministry of Corporate Affairs, The It is the second largest professional body of Chartered Accountants in the world.
ICAI is based in Mumbai is the sole governing and administrative organization for the Chartered Accountancy program. ICAI conducts the course and all related exams. It qualifies successful candidates as Chartered Accountants paving their way for great careers.
Nobody can become a Chartered Accountant from any college or university in India. Foreign students and Non- Resident Indians (NRIs) can undergo the course subject to approval by ICAI. Once qualified, CAs can join a chapter nearer home. They may also enlist as members of CA associations and unions or other professional forums.
The ICAI Board of Studies (BoS) provides a comprehensive knowledge portal http://ift.tt/2qerNOP which guides students who wish to become Chartered Accountants.
Choosing the best route for the ICAI course All students aspiring to study the five-year ICAI course are required to appear for the Common Proficiency Test (CPT). This is held in June and December every year.
Any student who has passed the Higher Secondary Certificate is eligible to appear for the CPT. The test is conducted at ICAI offices in Mumbai and those of ICAI’s various chapters across India. It is also held at select centers designated by ICAI.
Students who have just appeared for HSC exams and are awaiting their results can make a provisional application for CPT and provide their mark sheet to ICAI later.
Exemptions from the CPT are offered to graduates and post-graduates of the commerce stream. But only to those who have passed their university exams with a minimum 55 percent score. Graduates and post graduates from other streams whose scores are 60 percent and above are also exempted.
A goldmine of information for students desiring to become Chartered Accountants is available at http://ift.tt/2pllgoh
Understanding the Common Proficiency Test Students who have successfully completed their Higher Secondary Certificate (HSC) are eligible to appear for the CPT. From 2016, ICAI has revised the syllabus for the CPT. You have to register with ICAI at least six months prior to the next CPT. Registration, submission of completed forms and other formalities are to be done online at http://ift.tt/NsQz9b
Study material for CPT is available online on student portal of ICAI Org.
Under the revised syllabus, CPT consists of four papers from six subjects:
Principles and practices of accounting Business mathematics, logical reasoning and statistics; Mercantile law and general English, Business economics plus business and commercial knowledge. Each paper carries a total of 100 marks. The questionnaire is objective.
The CPT is rather complex. Of every 100 students who take the test, only between 30 and 35 are successful. Hundreds of coaching classes across India offer tuitions to prepare students for the CPT. But these are outside the purview of ICAI. The CA course fee does not include private coaching.
Upon successful completion of CPT, students have to register for the Integrated Professional Competence Course test (IPCC).
Getting to the Integrated Professional Competence Course (IPCC) Upon successful completion of CPT, students are required to enroll for the IPCC, which is more complex. Registration for the IPCC The IPCC is aimed at preparing students for future careers as Chartered Accountants.
Rigorous training and preparation are required to appear for the IPCC. Applications for the IPCC are made nine months before the expected date of this test.
The IPCC consists of subjective questions. The questionnaire for IPCC is subjective. Rigorous studies and sheer grit helps students pass the IPCC.
The syllabus for IPCC (intermediate) exam is available at ICAI’s Board of Studies education portal.
This portal also features mock exam questionnaires and other relevant details that are useful to all CA aspirants.
The IPCC exam is conducted with seven papers divided in two groups:
Group-1:
Accounting Business laws, Ethics and Communications Cost accounting and Financial Management Taxation Group-2:
Advanced Accounting Auditing and Assurance Information Technology and Strategic Management Each paper is for 100 marks. Less than 30 percent students pass the IPCC exam. The ICAI Board of Studies knowledge portal offers vital guidelines in the form of a downloadable booklet.
This booklet educates students on way and means they can adopt for successful completion of IPCC. It can be downloaded at http://ift.tt/2qerNOP
The giant leap: Articleship and preparation for the final exam Students who successfully complete the IPCC are required to register for the final Chartered Accountancy exams with ICAI. They have to search for internship with any good Chartered Accountancy firm or practicing Chartered Accountant.
CA hopefuls are required to work as interns for a period of three years. During internship, they are called Articled Assistants.
They will learn all ropes and tricks of the CA profession and assist colleagues in preparing documents for filing tax returns, help auditing of financial performance of companies and businesses.
Articled Assistants also help high-net worth individuals to prepare papers required for annual income tax returns. They are expected to give sound financial advice to customers of their Chartered Accountancy firm on various ways and means of saving taxes in a legitimate manner.
Some of these functions may not be immediate but are imminent during the three year internship.
Some students can opt to work with corporate houses during the third year of their internship. Such interns are called Industrial Assistants. During internship, they are continually assessed by practicing Chartered Accountants. A great performance report from the CA can work wonders for the aspirant. A minimum three years internship is compulsory for students before applying for the final exam. Developing advanced communication and IT skills Aspiring Chartered Accountants have to undergo three courses during their three year internship. These include:
1. General Management and Communication Skills (GMCS): Articled Assistants are required to take these 15-day courses during the three years. The first GMCS course has to be completed during the first year of internship. The second has to be done within 18 months.
2. Advanced Information Technology Training: The Advanced ITT course is for 100 hours and has to be completed during the third year of internship.
The GMCS and Advanced ITT courses are to be completed before appearing for the final exam.
The big one: Final exams This is the final barrier faced by aspiring Chartered Accountants. All skills acquired by the student during the three and half years or more will come handy while appearing for the final exam.
The final exam is conducted in two groups of subjects:
Group-1
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-2:
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 and Value Added Tax (40 Marks) Section C: Customs (20 Marks) · Important Note: From academic year 2017 an additional subject- Goods and Services Tax (GST) has been included in the syllabus. Exam papers and study materials are expected to be modified as well.
The fee structure:
Course Registration fee (INR) Exam fee Common Proficiency Test 6,000 500 IPCC 9,000 1,600 Articled Training (internship) 2,000 — Final Course 10,000 2,250 Advanced ITT (100 hours) 4,500 — Orientation (35 hours) 3,000 — GMCS-1 5,500 GMCS-2 5,500 GRAND TOTAL 49,350
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waytopinnacle-blog · 7 years ago
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ca ipcc EISSM face to face batch start upcoming batch start in delhi laxminagar .
This is new syllabus EISSM  and old syllabus is ITSM  both batch is going on,
if want join Sumit Parashar sir for ITSM and Eissam classes face to face batch in delhi
you may  come our institute Waytopinnacle  in laxmi nagar and also visit our website for all information about EISSM face to face batch and you can also purchase pen drive class for old syllabus ITSM.
our institue 2 more subject  has started audit & assurance  and eco fm
EISSM batch start 30 January 2018 in the morning and evening batch will start 4 February  
 BEST EISSM UPCOMING FACE TO FACE CLASSES IN DELHI
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waytopinnacle-blog · 7 years ago
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Best Teachers for CA-IPCC ITSM or EIS-SM at laxminagar in delhi, india
Best Teachers for CA-IPCC ITSM or EIS-SM at laxminagar in delhi, india
Every apprentice who enters the Intermediate level of CA Exams is in problem to choose the best coaching. There are so many coaching ca intermediate ipcc itsm or eissm institutions nowadays those students get puzzled. Coaching institutes also use economical marketing tactics to entice students.
Whether you have been a normal student or a topper, Students need some kind of guidance. If you get a good assistance, then your enthusiasm level will be high and your possibility of clearing the exams in the first crack will also be better.
 To clear the puzzlement of students, I am providing a subject-wise list of the best teacher for CA-IPCC and itsm eissm in delhi india students.
Disclaimer: The list is based on my own belief and reviews of many students including my friends. Please make your own investigation also before joining any class.
Group 1:-
Accounting –
1.    Parveen Sharma Sir (Aldine) – Satellite Classes Only
2.    Parveen Jindal Sir (IGP) – Face 2 Face + Satellite
IT-SM or EIS-SM, AUDIT AND LAW
1.    SUMIT PARASHAR  – Face to Face class (LAXMINAGAR DELHI) waytopinnacle  – Sumit Parashar sir  is been becoming very popular in 5 Years the students. His style of teaching is different. Best teacher for ca ipcc itsm or eissm in delhi You can even ensure his revision lectures which are uploaded on YouTube
  Here is link- https://www.youtube.com/channel/UC1emUaNS6oncyzhs2IyveZg
 2.    NAVNEET PARASHAR – face to face class in waytopinnacle – Navneet sir is one of the most proficient teachers of corporate law. Many students adore his teaching style and speak highly of him. He also teaches Corporate and Allied Laws in CA Final
3.    CA LOVELY DHINGRA – face to face class in waytopinnacle – Lovely sir is one of the most skillful teachers of Audit. Best teacher for ca ipcc in delhi.Many students respect his teaching style and speak extremely of him.
Costing –
1.    R K Mehta Sir – Face 2 Face (New Delhi) + Satellite – He is one of the most prominent faculty for costing. His coaching has helped many students to get exclusion in a subject like costing.
2.    Ashish Kalra Sir – Face 2 Face (New Delhi) + Satellite – Yet another most popular name in the world of Costing and FM. Though his sphere lies in Financial Management, he is uniformly good at teaching costing.best teacher for ca intermediate
Financial Management (FM) –
1.    Ashish Kalra Sir  – Face 2 Face + Satellite – Financial Management (FM) is Kalra sir’s specialty subject. His motivational and remarkable way of teaching is one of the reasons for his success.
2.    Sanjay Saraf Sir – Face 2 Face (Kolkata) + Satellite – Finance is Sanjay sir’s specialty. He has effectively completed many specialization courses linked to finance. He is also called the king of finance by some.
Taxation –
1.    Neeraj Arora Sir (CA Neeraj Arora Classes) – Face 2 Face (Faridabad) + Video Lectures – Neeraj sir is one of the most famous teacher for Taxation today. His unify of motivation and theoretical clarity has made him popular among the students. He also has a good standing in the CA community because of his awesome YouTube channel.
2.    M K Gupta Sir – Face 2 Face -sir is one of the oldest name. His consistence results are a confirmation of his good teaching. . when it comes to Taxation
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jobsnhomes1 · 8 years ago
Text
A Complete Guide To ICAI Exams
A Chartered Accountant, commonly called CA, is a coveted profession in India. Over 100,000 students enroll every year for the Chartered Accountancy course offered by the Institute of Chartered Accountants of India (ICAI).
Chartered Accountants are required to audit a company’s annual accounts for owners, shareholders and the government. They keep your personal accounts updated and help save taxes.
ICAI Exam
There are a little over 250,000 Chartered Accountants in India registered as either Associate or Fellow with the ICAI. Chartered Accountants are in great demand and get paid exorbitantly.
An estimated 50,000 or about 20 percent of Chartered Accountants in India are women and this number is expected to increase.
Studying Cheap to Earn High This is exactly what a Chartered Accountancy course offers among other professional courses. The entire three-and-half year course costs just Rs. 49,300. This is a fraction of what students studying engineering and medicine would pay. Over 100,000 students enroll themselves for the CA course annually. A mere three percent make it to the final exams due to the inherent laboriousness in completing the program.
Since CAs deal with our money, they are required to be extremely proficient in mathematics, accountancy and related subjects while studying. Only those willing to exert extra efforts and labor relentlessly while studying can successfully complete the CA course.
An eye for detail and intolerance towards any pecuniary infarctions will serve well while studying.
The Institute of Chartered Accountants of India (ICAI) The Institute of Chartered Accountants of India (ICAI) was established by an Act of the Parliament of India called The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949). It is mandated by the Indian government for regulating the profession of Chartered Accountancy in India.
ICAI is governed by the administrative control of the Ministry of Corporate Affairs, The It is the second largest professional body of Chartered Accountants in the world.
ICAI is based in Mumbai is the sole governing and administrative organization for the Chartered Accountancy program. ICAI conducts the course and all related exams. It qualifies successful candidates as Chartered Accountants paving their way for great careers.
Nobody can become a Chartered Accountant from any college or university in India. Foreign students and Non- Resident Indians (NRIs) can undergo the course subject to approval by ICAI. Once qualified, CAs can join a chapter nearer home. They may also enlist as members of CA associations and unions or other professional forums.
The ICAI Board of Studies (BoS) provides a comprehensive knowledge portal http://ift.tt/2qerNOP which guides students who wish to become Chartered Accountants.
Choosing the best route for the ICAI course All students aspiring to study the five-year ICAI course are required to appear for the Common Proficiency Test (CPT). This is held in June and December every year.
Any student who has passed the Higher Secondary Certificate is eligible to appear for the CPT. The test is conducted at ICAI offices in Mumbai and those of ICAI’s various chapters across India. It is also held at select centers designated by ICAI.
Students who have just appeared for HSC exams and are awaiting their results can make a provisional application for CPT and provide their mark sheet to ICAI later.
Exemptions from the CPT are offered to graduates and post-graduates of the commerce stream. But only to those who have passed their university exams with a minimum 55 percent score. Graduates and post graduates from other streams whose scores are 60 percent and above are also exempted.
A goldmine of information for students desiring to become Chartered Accountants is available at http://ift.tt/2pllgoh
Understanding the Common Proficiency Test Students who have successfully completed their Higher Secondary Certificate (HSC) are eligible to appear for the CPT. From 2016, ICAI has revised the syllabus for the CPT. You have to register with ICAI at least six months prior to the next CPT. Registration, submission of completed forms and other formalities are to be done online at http://ift.tt/NsQz9b
Study material for CPT is available online on student portal of ICAI Org.
Under the revised syllabus, CPT consists of four papers from six subjects:
Principles and practices of accounting Business mathematics, logical reasoning and statistics; Mercantile law and general English, Business economics plus business and commercial knowledge. Each paper carries a total of 100 marks. The questionnaire is objective.
The CPT is rather complex. Of every 100 students who take the test, only between 30 and 35 are successful. Hundreds of coaching classes across India offer tuitions to prepare students for the CPT. But these are outside the purview of ICAI. The CA course fee does not include private coaching.
Upon successful completion of CPT, students have to register for the Integrated Professional Competence Course test (IPCC).
Getting to the Integrated Professional Competence Course (IPCC) Upon successful completion of CPT, students are required to enroll for the IPCC, which is more complex. Registration for the IPCC The IPCC is aimed at preparing students for future careers as Chartered Accountants.
Rigorous training and preparation are required to appear for the IPCC. Applications for the IPCC are made nine months before the expected date of this test.
The IPCC consists of subjective questions. The questionnaire for IPCC is subjective. Rigorous studies and sheer grit helps students pass the IPCC.
The syllabus for IPCC (intermediate) exam is available at ICAI’s Board of Studies education portal.
This portal also features mock exam questionnaires and other relevant details that are useful to all CA aspirants.
The IPCC exam is conducted with seven papers divided in two groups:
Group-1:
Accounting Business laws, Ethics and Communications Cost accounting and Financial Management Taxation Group-2:
Advanced Accounting Auditing and Assurance Information Technology and Strategic Management Each paper is for 100 marks. Less than 30 percent students pass the IPCC exam. The ICAI Board of Studies knowledge portal offers vital guidelines in the form of a downloadable booklet.
This booklet educates students on way and means they can adopt for successful completion of IPCC. It can be downloaded at http://ift.tt/2qerNOP
The giant leap: Articleship and preparation for the final exam Students who successfully complete the IPCC are required to register for the final Chartered Accountancy exams with ICAI. They have to search for internship with any good Chartered Accountancy firm or practicing Chartered Accountant.
CA hopefuls are required to work as interns for a period of three years. During internship, they are called Articled Assistants.
They will learn all ropes and tricks of the CA profession and assist colleagues in preparing documents for filing tax returns, help auditing of financial performance of companies and businesses.
Articled Assistants also help high-net worth individuals to prepare papers required for annual income tax returns. They are expected to give sound financial advice to customers of their Chartered Accountancy firm on various ways and means of saving taxes in a legitimate manner.
Some of these functions may not be immediate but are imminent during the three year internship.
Some students can opt to work with corporate houses during the third year of their internship. Such interns are called Industrial Assistants. During internship, they are continually assessed by practicing Chartered Accountants. A great performance report from the CA can work wonders for the aspirant. A minimum three years internship is compulsory for students before applying for the final exam. Developing advanced communication and IT skills Aspiring Chartered Accountants have to undergo three courses during their three year internship. These include:
1. General Management and Communication Skills (GMCS): Articled Assistants are required to take these 15-day courses during the three years. The first GMCS course has to be completed during the first year of internship. The second has to be done within 18 months.
2. Advanced Information Technology Training: The Advanced ITT course is for 100 hours and has to be completed during the third year of internship.
The GMCS and Advanced ITT courses are to be completed before appearing for the final exam.
The big one: Final exams This is the final barrier faced by aspiring Chartered Accountants. All skills acquired by the student during the three and half years or more will come handy while appearing for the final exam.
The final exam is conducted in two groups of subjects:
Group-1
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-2:
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 and Value Added Tax (40 Marks) Section C: Customs (20 Marks) · Important Note: From academic year 2017 an additional subject- Goods and Services Tax (GST) has been included in the syllabus. Exam papers and study materials are expected to be modified as well.
The fee structure:
Course Registration fee (INR) Exam fee Common Proficiency Test 6,000 500 IPCC 9,000 1,600 Articled Training (internship) 2,000 — Final Course 10,000 2,250 Advanced ITT (100 hours) 4,500 — Orientation (35 hours) 3,000 — GMCS-1 5,500 GMCS-2 5,500 GRAND TOTAL 49,350
The post A Complete Guide To ICAI Exams appeared first on Jobsnhomes.
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jobsnhomes1 · 8 years ago
Text
A Complete Guide To ICAI Exams
A Chartered Accountant, commonly called CA, is a coveted profession in India. Over 100,000 students enroll every year for the Chartered Accountancy course offered by the Institute of Chartered Accountants of India (ICAI).
Chartered Accountants are required to audit a company’s annual accounts for owners, shareholders and the government. They keep your personal accounts updated and help save taxes.
ICAI Exam
There are a little over 250,000 Chartered Accountants in India registered as either Associate or Fellow with the ICAI. Chartered Accountants are in great demand and get paid exorbitantly.
An estimated 50,000 or about 20 percent of Chartered Accountants in India are women and this number is expected to increase.
Studying Cheap to Earn High This is exactly what a Chartered Accountancy course offers among other professional courses. The entire three-and-half year course costs just Rs. 49,300. This is a fraction of what students studying engineering and medicine would pay.
Over 100,000 students enroll themselves for the CA course annually. A mere three percent make it to the final exams due to the inherent laboriousness in completing the program.
Since CAs deal with our money, they are required to be extremely proficient in mathematics, accountancy and related subjects while studying. Only those willing to exert extra efforts and labor relentlessly while studying can successfully complete the CA course.
An eye for detail and intolerance towards any pecuniary infarctions will serve well while studying.
The Institute of Chartered Accountants of India (ICAI) The Institute of Chartered Accountants of India (ICAI) was established by an Act of the Parliament of India called The Chartered Accountants Act, 1949 (Act No.XXXVIII of 1949). It is mandated by the Indian government for regulating the profession of Chartered Accountancy in India.
ICAI is governed by the administrative control of the Ministry of Corporate Affairs, The It is the second largest professional body of Chartered Accountants in the world.
ICAI is based in Mumbai is the sole governing and administrative organization for the Chartered Accountancy program. ICAI conducts the course and all related exams. It qualifies successful candidates as Chartered Accountants paving their way for great careers.
Nobody can become a Chartered Accountant from any college or university in India. Foreign students and Non- Resident Indians (NRIs) can undergo the course subject to approval by ICAI. Once qualified, CAs can join a chapter nearer home. They may also enlist as members of CA associations and unions or other professional forums.
The ICAI Board of Studies (BoS) provides a comprehensive knowledge portal http://ift.tt/2qerNOP which guides students who wish to become Chartered Accountants.
Choosing the best route for the ICAI course All students aspiring to study the five-year ICAI course are required to appear for the Common Proficiency Test (CPT). This is held in June and December every year.
Any student who has passed the Higher Secondary Certificate is eligible to appear for the CPT. The test is conducted at ICAI offices in Mumbai and those of ICAI’s various chapters across India. It is also held at select centers designated by ICAI.
Students who have just appeared for HSC exams and are awaiting their results can make a provisional application for CPT and provide their mark sheet to ICAI later.
Exemptions from the CPT are offered to graduates and post-graduates of the commerce stream. But only to those who have passed their university exams with a minimum 55 percent score. Graduates and post graduates from other streams whose scores are 60 percent and above are also exempted.
A goldmine of information for students desiring to become Chartered Accountants is available at http://ift.tt/2pllgoh
Understanding the Common Proficiency Test Students who have successfully completed their Higher Secondary Certificate (HSC) are eligible to appear for the CPT. From 2016, ICAI has revised the syllabus for the CPT. You have to register with ICAI at least six months prior to the next CPT. Registration, submission of completed forms and other formalities are to be done online at http://ift.tt/NsQz9b
Study material for CPT is available online on student portal of ICAI Org.
Under the revised syllabus, CPT consists of four papers from six subjects:
Principles and practices of accounting Business mathematics, logical reasoning and statistics; Mercantile law and general English, Business economics plus business and commercial knowledge. Each paper carries a total of 100 marks. The questionnaire is objective.
The CPT is rather complex. Of every 100 students who take the test, only between 30 and 35 are successful. Hundreds of coaching classes across India offer tuitions to prepare students for the CPT. But these are outside the purview of ICAI. The CA course fee does not include private coaching.
Upon successful completion of CPT, students have to register for the Integrated Professional Competence Course test (IPCC).
Getting to the Integrated Professional Competence Course (IPCC) Upon successful completion of CPT, students are required to enroll for the IPCC, which is more complex. Registration for the IPCC The IPCC is aimed at preparing students for future careers as Chartered Accountants.
Rigorous training and preparation are required to appear for the IPCC. Applications for the IPCC are made nine months before the expected date of this test.
The IPCC consists of subjective questions. The questionnaire for IPCC is subjective. Rigorous studies and sheer grit helps students pass the IPCC.
The syllabus for IPCC (intermediate) exam is available at ICAI’s Board of Studies education portal.
This portal also features mock exam questionnaires and other relevant details that are useful to all CA aspirants.
The IPCC exam is conducted with seven papers divided in two groups:
Group-1:
Accounting Business laws, Ethics and Communications Cost accounting and Financial Management Taxation Group-2:
Advanced Accounting Auditing and Assurance Information Technology and Strategic Management Each paper is for 100 marks. Less than 30 percent students pass the IPCC exam. The ICAI Board of Studies knowledge portal offers vital guidelines in the form of a downloadable booklet.
This booklet educates students on way and means they can adopt for successful completion of IPCC. It can be downloaded at http://ift.tt/2qerNOP
The giant leap: Articleship and preparation for the final exam Students who successfully complete the IPCC are required to register for the final Chartered Accountancy exams with ICAI. They have to search for internship with any good Chartered Accountancy firm or practicing Chartered Accountant.
CA hopefuls are required to work as interns for a period of three years. During internship, they are called Articled Assistants.
They will learn all ropes and tricks of the CA profession and assist colleagues in preparing documents for filing tax returns, help auditing of financial performance of companies and businesses.
Articled Assistants also help high-net worth individuals to prepare papers required for annual income tax returns. They are expected to give sound financial advice to customers of their Chartered Accountancy firm on various ways and means of saving taxes in a legitimate manner.
Some of these functions may not be immediate but are imminent during the three year internship.
Some students can opt to work with corporate houses during the third year of their internship. Such interns are called Industrial Assistants. During internship, they are continually assessed by practicing Chartered Accountants. A great performance report from the CA can work wonders for the aspirant. A minimum three years internship is compulsory for students before applying for the final exam. Developing advanced communication and IT skills Aspiring Chartered Accountants have to undergo three courses during their three year internship. These include:
1. General Management and Communication Skills (GMCS): Articled Assistants are required to take these 15-day courses during the three years. The first GMCS course has to be completed during the first year of internship. The second has to be done within 18 months.
2. Advanced Information Technology Training: The Advanced ITT course is for 100 hours and has to be completed during the third year of internship.
The GMCS and Advanced ITT courses are to be completed before appearing for the final exam.
The big one: Final exams This is the final barrier faced by aspiring Chartered Accountants. All skills acquired by the student during the three and half years or more will come handy while appearing for the final exam.
The final exam is conducted in two groups of subjects:
Group-1
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-2:
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 and Value Added Tax (40 Marks) Section C: Customs (20 Marks) · Important Note: From academic year 2017 an additional subject- Goods and Services Tax (GST) has been included in the syllabus. Exam papers and study materials are expected to be modified as well.
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