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Chartered Accountancy
Being a Chartered Accountant is a lucrative career for any student with good
academic ability, aptitude towards financial management, computational skills
and an inclination for desk work. In India, with the growth of Industrial
sector the demand for qualified Chartered Accountants in the corporate sector
has shot up. For any company registered under the company’s Act, it is
mandatory to get the accounts audited by a registered Chartered Accountant.
Hence a Chartered Accountant is basically responsible for the financial health
of the company. A Chartered Accountant is bound to carryout multifaceted roles
like financial auditor, lawyer, solicitor, financial investigator, tax
consultant etc. As a result of globalization the field has become extremely
competitive. Normally the CA course can be completed in 3 &1/2 years along with
articled training under a practicing Chartered Accountant. The course is in the
nature of self study and therefore a candidate should have motivation,
determination and endurance.
The Institute of Chartered Accountants of India (ICAI)is the premier
professional accountancy body of the country that regulates the profession of
Chartered Accountancy in India. The Institute imparts education and training to
the students, conducts examinations for them, grants membership to successful
candidates and certificates of practice to members intending to practice the
profession.
How can you become a Charted Accountant?
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If you have completed class 10 or equivalent you can
register with ICAI for Common Proficiency Test.
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One can appear for CPT only after appearing for the
Senior Secondary Examination (10+2examination) provided the candidate has
registered with the ICAI within the stipulated date.
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Join Professional Competency Course (PCC), articled
training after passing CPT.
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Complete fifteen months articled training as an
Articled assistant and undergo 100 Hours IT Training.
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Pass Professional Competence Examination (PCE)
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Join CA Final course, meanwhile complete articled
training of 3˝ years under a practicing chartered accountant.
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Pass Final examination
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Complete General Management and Communication Skills
Course (GMCS) to supplement the CA programme.
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Register with ICAI for membership.
Your career as a Chartered Accountant.
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Start your own practice or join an already existing
practicing professional as an associate.
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Can work in private companies, Public sector
undertakings, Industrial sector or an International organization etc
Higher study options
A Chartered accountant can take up MBA-finance as a higher study option.
Entry to the Course
A candidate should appear for Common Proficiency test (CPT) for entry to the
course. The CPT is held twice a year i.e. in June and December from the year
2008 onwards.
Eligibility to appear for CPT
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Should have passed or already appeared in 12th class
recognized examination.
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Should have registered for CPT course with Board of
Studies of ICAI at least two months prior to first day of the month in which
CPT examination is scheduled to be held.
Common Proficiency Test-Pattern
The CPT (Common Proficiency Test) is an objective type examination of 4 hours
duration divided into 2 sessions of 2 hours each.
Each session consists of two subjects with a total of 100 marks. CPT is a
multiple choice examination with negative marking.
To qualify the CPT, a student has to obtain a total of 50% marks in all the
papers put together.
Subjects
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Session I
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Section A : Fundamentals of Accounting -60 marks
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Section B : Mercantile Laws -40 marks
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Session II
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Section C : General Economics -50 marks
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Section D : Quantitative Aptitude -50 marks
What T.I.M.E offers for CPT Coaching
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Theory coverage of each subject area.
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Extensive practice of multiple choice questions,
chapter wise with unit tests, cumulative tests, full tests and model exams.
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Points to remember hand book for each subject.
Duration
Long term and crash course are offered.
Eligibility
Appeared in 10+2 examination
Presently, CPT coaching is given at the following T.I.M.E. centres:
Cochin
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