Are you class 12 Student, who is going to appear for Public Examination?
First, you have to register with BoS (Board of Studies Knowledge Portal), after appearing in Class 12 Examination, either before June 30th or December 31st of the same year.
After applying, you are eligible to attend, the Foundation Exam in November of the same year, if you have applied before 30th June or in May, if you have applied between July to December of the previous year. After, Clearing Foundation Examination, you have to register for intermediate examination.
If you have cleared any exam of the Institute of Cost Accountants and Institute of Company Secretaries of India, you can directly apply for Intermediate Course, leaving Foundation Course.
After the Clearing foundation examination, you can appear for the intermediate exam, only after, 8 months of the study period. Meanwhile, you need to undergo four weeks course on ICITSS (Integrated Course on Information Technology and Soft Skills) and clear the same.
After Clearing ICITSS and Intermediate examination, you can register for Practical training. Intermediate Course Examination, consists of 2 groups. You need to clear both the groups, to register for the CA Final course. In case, you have cleared only one, you can register for Practical Training. Since the Duration of Practical Training is 3 years. You can clear another group of Intermediate Course before the training is completed. At the completion of 3 years, Practical Training, you can register for the CA Final course and only if you have cleared both the groups of Intermediate Course.
If you are a Commerce Graduates/Post Graduates, who have scored above 55% and Non-Commerce Graduates/ Post Graduates, who have scored more than 60%. You can register for ICITSS and join 3 years of practical training straight away, without a foundation course. And after, 9 months of Practical training, you can appear for intermediate course examination.
After, clearing the Intermediate course examination, you can complete an advanced ICITSS course in the last 2 years of Practical Training. At the completion of Advanced CSS, you can appear for Final Course Examination, during the last six months of Practical Training.
Now, you have to clear the Final Examination and complete the Practical Training. Once, you have cleared the Final Course Examination, you can apply for membership at ICAI and become a Chartered Accountant.
About CA Examination
CA Foundation Examination (CPT) – The Foundation Course Exam is for the candidates, who have cleared Class 12 examination. Also, Commerce Graduates/Post Graduates, who have scored less than 55% and Non-Commerce Graduates, who have scored less than 60% have appeared in Foundation Examination.
Foundation Examination will have 4 papers. Principles and Practice of Accounting will be the first paper. While Business Laws & Business Correspondence and Reporting will be the second. This paper will be of 2 sections. Business Laws as Section A, Business Correspondence and Reporting as Section B.
The third paper in the Foundation Examination will be Business Mathematics and Logical Reasoning &Statistics. This paper will have 2 parts. Part 1 will be Business Mathematics and Logical Reasoning. Part 2 will be Statistics. The Fourth Paper will be Business Economics & Business and Commercial Knowledge. This paper will also have 2 parts. In this paper, Business Economics and Business & Commercial Knowledge will be Part 1 and Part 2 respectively.
First and Second Paper of Foundation will be of descriptive type and the third & fourth paper will be objective type, with negative marking of one-fourth mark. You will need to obtain at least 40% in each paper, and the aggregate of all four papers should be 50% of the total of 200 marks, to clear the foundation course examination.
CA Intermediate Course complies of 2 categories, Group 1 and Group 2. You can choose to appear for one selected group of your choice or both the groups. Like Foundation Course, CA Intermediate course also have 4 papers in each group.
In Group 1, Accounting will be the first paper, while Corporate & Other Laws will be the second. This second paper has 2 parts. Part 1 will be company law and Other Laws will be part 2. Cost and Management Accounting will be the third paper, where, taxation will be the fourth paper. This paper also has two sections, namely, Income-tax Law and Indirect Taxes.
In Group 2, Advanced Accounting will be the fifth paper, Auditing and Assurance will be the sixth. The seventh paper will be Enterprise Information Systems & Strategic Management. This paper compromises of 2 sections, Enterprise Information Systems, and Strategic Management. The final paper will be Financial Management & Economics for Finance. Here, Financial Management will be Section A and Economics for finance will be Section B.
You have to secure a 40% mark in each paper and a minimum of 50% mark in aggregate of that group. Also, if you have appeared in all papers of one group and secure 60% mark in one of the papers of that group, you shall be exempted in appearing in those papers in the next 3 attempts.
Like, previous examinations, CA Final Course also has 2 groups. Group 1 and Group 2. Both groups have 4 papers each. Financial Reporting is the first paper in Group 1. While Strategic Financial Management is the second. Advanced Auditing and Professional Ethics being the third paper, Corporate and Economic laws will be the fourth and last paper of Group 1 in CA Final Course Examination.
In Group 2 of CA Final Course Examination, Strategic Cost Management and Performance Evaluation will be the first paper. While the second paper is elective, you have the option to choose one from six papers. Elective Papers follows: Risk Management, Financial Services & Capital markets, International Taxation, Economic Laws, Global Financial Standards and Multi-Disciplinary Case studies
The third paper of Group 2 will be Direct Tax laws & International Taxation with 2 parts. Direct Tax Laws and International Taxation, will be Part 1 & 2 respectively. Indirect Tax Laws will be the last paper, with Goods and Services tax being part 1, Customs & FTP will be part 2.
You will need to obtain at least 40% in each paper, and aggregate of all four papers should be 50% of total 200 marks, to clear the final course examination.
PR Academy in Coimbatore, offer CA Classes for all CA Course Examinations. PR Academy, also, gives an option for candidates, to join separately for each group in Intermediate Course Examinations. With proven exam results and experienced staff, PR Academy will be the best CA coaching center.
How to become a Charted Accountant?
PR Academy in Coimbatore, offer CA Classes for all CA Course Examinations. PR Academy, also, gives an option for candidates, to join separately for each group in Intermediate Course Exanimations. With proven exam results and experienced staffs, PR Academy will be the best CA coaching center.