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CHARTERED

ACCOUNTANCY
Global Career
Endless Opportunities

The Institute of
Chartered Accountants of India

Be the Brightest & Best


in the World,
be a

Chartered Accountant
A highly affordable course
for all !

Students who have appeared for/passed class XII exam


can appear for the Common Proficiency Test (Entrance Exam)
held twice a year (June & December)

The Institute of
Chartered Accountants of India
Set up by an Act of Parliament

For more details, contact:


Board of Studies
ICAI Bhawan, A-29 Sector-62
Noida - 201 309 Distt. Gautam Budh Nagar (UP)
Phone 0120 - 3045 930 E-mail: bosnoida@icai.org

www.icai.org

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President's
Message

hartered Accountancy is a dynamic and promising


profession. Over a period of time there has been a
paradigm shift in the role of a Chartered Accountant.
Gone are the days when a Chartered Accountant's domain was restricted only to
Accountancy, Audit and Taxation. The Chartered Accountants today have proved their
expertise in the fields of management consultancy services, risk management, corporate
governance, strategic management and other areas of strategic importance. With
dismantling of trade barriers and advancements in information technology, the world has
become a global village. Globalization has brought to the forefront numerous opportunities
for CAs in the areas of National and International taxation, Finance and Corporate Laws.
It is my firm belief that by opting for CA Course, you can surely embark on a satisfying
professional career that will help you to reach great heights. The Institute is always very
proactive to provide you myriad opportunities to achieve your goals. It organizes Career
Counselling Programmes to guide you to choose a career path that is most suitable to your
abilities, interest and aptitude. This Booklet Chartered Accountancy - Global Career and
Endless Opportunities is also a step in this direction. This booklet contains relevant
information about, the course contents of the CA course, different entry gateways to the
profession, practical training and various opportunities available to students once they
become professional CAs. This booklet will surely help students in to making right career
choices.
I extend my best wishes to all the students who are all set to undertake CA Course as their
career option. I would also like to acknowledge assiduous efforts of Board of Studies for
playing a pivotal role in fulfilling and shaping the professional needs and growth of our
students.
Wishing you all a fulfilling career,
Yours sincerely,

CA K. Raghu
President, ICAI

Vice President's
Message

hartered Accountancy has become one of the most


promising professions in India. There were times when
the word Chartered Accountant was synonymous
with the term book-keeper and the realm of Chartered Accountant was confined to
Accounts, Audit and Taxation. In the present times, there is no field where Chartered
Accountants have not diversified whether it is Portfolio Management, Risk Management,
Business Planning, Information System Audit or Environment Audit. In fact, with greater
synthesis of the world economy, the role of Chartered Accountants has become broader and
more demanding. The demand for CAs is increasing at an amazing rate. Fresh qualified CAs
are easily absorbed in the industry. The Institute offers campus placement opportunities to
the newly qualified chartered accountants. Besides, opportunities of self-practice also
exist.
In the present scheme of education and training, there are two routes to enter the
Chartered Accountancy course Common Proficiency Test (CPT) route and Direct Entry
route. If a student wishes to join the CA course earlier in life, he can register for Common
Proficiency Course after passing class tenth examinations. However, he can sit for CPT after
appearing for 10+2 examination. Having passed CPT, the student gets admitted to the
Chartered Accountancy Course which comprises of theoretical education and practical
training of three years. Graduates/post graduates with specified marks and intermediate
passed students of the Institute of Company Secretary of India and Institute of Cost
Accountants of India can directly enter the CA course. During the CA course, the student is
also imparted other technical and soft skills related to Information Technology, General
Management and Communication Skills. The exhaustive theoretical education and
practical training help in proper grooming of the budding professionals.
I am pleased that the Board of Studies has brought out revised version of the booklet
'Chartered Accountancy - Global Career Endless Opportunities', giving pertinent details of
the Chartered Accountancy Course and the opportunities available to the qualified
Chartered Accountants. I am sure this booklet will educate students about the glorified
world of Accounting Profession and help them in making right career choices.
I appreciate the efforts put in by the officials of the Board of Studies in getting this booklet
published.
Wishing the students all the best
Yours sincerely,

CA Manoj Fadnis
Vice President, ICAI

Chairmans
Message

he CA Profession is very dynamic, challenging and


remunerative. The profession is growing fast and it has
spread out its wings in the wide horizon. The Chartered
Accountants play a very important role in the society by providing reliable and correct
information to stake holders, regulatory and to the Society at large . The Chartered
Accountants today are performing multifarious roles in the fields of business finance,
information technology, corporate management, risk management and corporate law etc.
in addition to the conventional role in the realm of accounting, auditing and taxation.
Hence, the opportunities for the accounting professionals are vast and wide.
The Institute values its students and it strives to provide them the best infrastructure,
scholastic opportunities and exposure that would sharpen their skills and shape them into
world class professionals. This booklet Global Career, Endless Opportunities has been
brought out by the Board of Studies of ICAI to provide students with the pertinent
information about the CA course and the opportunities available to them once they
become members of this prestigious profession.
I am very happy that the Board of Studies of our Institute is bringing out a revised version of
the booklet Career Counseling Booklet - Global Career, Endless Opportunities. The booklet
will certainly serve as a repository for students aspiring to become Chartered Accountants.
The Institute would also organize Career Counseling Programmes so as to create awareness
about the importance of CA qualification among the students and guide them to join CA
Course. A Placement Cell is already in established to assist students in finding suitable
company.
I extend my best wishes to all the students who wish to do CA Course and do hope that they
will achieve great success in their set goal. I would also like to acknowledge Board of Studies
for taking such a pro-active initiative.
Yours sincerely,

CA M. Devaraja Reddy
Chairman, Board of Studies, ICAI

Vice Chairmans
Message

ith the onset of globalization, the world has


become a village. Cross border transactions are
being carried out with ease and there is relatively
free flow of goods, services and people. With dismantling of trade barriers the work arena of
professionals like chartered accountants has widened substantively. The Chartered
Accountants today have much more important and varied roles to perform compared with
yesteryears. These include areas like international taxation, international law, strategic
financial management, corporate law, risk management, environment audit besides their
traditional roles in areas of financial reporting, audit and domestic taxation.
The KPOs, banks, industrial houses, service industry, and research institutions among many
others seek out professionals who will take their businesses to higher levels of performance.
The Chartered Accountant becomes their obvious choice. A student of Chartered
Accountancy course gets exposure in diverse subjects like, Accounts, Audit, Finance,
Taxation, Management, Law and Technology which no other course offers. The unique
combination of theoretical and practical training trains students in the rigors of the
profession and readies him to face the challenges of the business world.
If you are looking at fulfillment, independence, respect, name and fame and a challenging
career, this is the apt course for you. The Board of Studies has brought out the revised
version of the booklet _ Global Career, Endless Opportunities. The booklet contains all
pertinent details about the CA course and the opportunities available to the Chartered
Accountants. Anybody looking for the relevant information will find the booklet quite
useful and helpful. I extend my appreciation to the BOS staff for bringing out this useful
publication.
Wishing you a fulfilling career,
Yours sincerely,

CA Prafulla Premsukh Chhajed


Vice Chairman, Board of Studies, ICAI

The Institute of
Chartered Accountants of India
The Institute of Chartered Accountants of India (ICAI)
is a statutory body established by an Act of Parliament
viz., The Chartered Accountants Act, 1949 (Act No.
XXXVIII of 1949) for regulating the profession of
Chartered Accountancy in the country. The Institute,
which functions under the administrative control of
Ministry of Corporate Affairs, Government of India,
has five Regional Councils and 146 branches covering
the length and breadth of the country. In addition, it
has also set up chapters outside India. It also has an
office in Dubai. Founded 65 years ago with just 1,700
members, the Institute has grown to cross the mark of
2,40,000 members and about 8 lakh students as of
now. A significant majority of our membership is in
practice, with a good deal of specialisation in
traditional areas of direct/indirect taxes and in
emerging areas, inter-alia, in financial services,
information technology, insurance sector, joint
ventures, mutual funds, exchange risk management,
risk and assurance service, environment/energy/
quality audits, investment counselling, corporate
structuring and foreign collaborations. Those in
employment, occupy senior positions such as CMDs in
Banks/Financial Institutions, CEOs in leading and
reputed public/private sector companies, etc.

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

The Board
of Studies
The Board of Studies is the premier educational wing of the Institute. The
mission of the Board of Studies is to provide a strong foundation of knowledge,
skills and professional values that enables students to grow as wholesome
professionals and adapt to change throughout their professional career.

Preparation and continuous revision of comprehensive study materials


including practice manuals covering all the subjects prescribed for study
under the CPT, Inter (IPC) and Final Courses.
Preparation of Suggested Answers, Revision Test Papers, Periodical
supplements, Model Test Papers, Mock Tests etc. on a regular basis.
Organizing oral coaching classes for all the levels of CA course.
Publication of booklets on various aspects of self-development such as
personality development, public speaking, communication skills,
preparing for CA examinations, time and stress management, etc.
Preparation of e-learning and web-based learning materials such as
electures, interactive CDs on topics relevant to CA curriculum and Web
casts.
Counselling students through correspondence, e-mail as well as personal
discussions.
Administration of need-based, merit-based, merit-cum-need based and
endowment scholarship schemes for the students.
Entering into MOUs with Indian universities/overseas accounting bodies
for working out mutually beneficial schemes.
Publication of monthly Journal 'The Chartered Accountant Student' and
its distribution (including preparation of regular features such as
academic update/articles/case study/quiz contest, etc. for the Journal).
Organization of National and International convention of CA students,
one day/two day seminars, elocution contests, quiz contests, joint
seminars with universities, etc.

CA Course Curriculum
Two Entry Routes to CA Course

Students can pursue Chartered Accountancy course either through Common Proficiency
Test (CPT) route or through Direct Entry Scheme, introduced from August 1, 2012.

CPT Route
For a student coming through CPT route, there is a three tier structure:
1.

Entry Level Test

Common Proficiency Test

2.

First Stage

Intermediate (Integrated Professional Competence) Course

3.

Final Stage

Final Course

During the CA Course duration, students are imparted technical skills through 100 hours
Information Technology Training and Advanced Information Technology Training and
interpersonal skills through 35 hours Orientation Course and two General Management
and Communication Skills Courses.

Requirements for Becoming a Chartered Accountant:


Through CPT Route

Enrol with the Institute for Common Proficiency Course (CPC) after passing class 10th
examination.
After completion of specified period (60 days) from the date of registration for CPC
with the Board of Studies and after appearing in 10+2 examination, appear and pass in
CPT.
Enrol for Group I or Group II or for both Groups of Intermediate (IPC) Course.
Complete Orientation Course of one week spanning 35 hours, necessarily before joining
the Practical Training.
Complete 100 hours Information Technology Training (ITT) necessarily before joining
the Practical Training.
Appear in Intermediate (IPC) Examination on completion of eight months of study
course as on first day of the month in which the examination is to be held
Join Practical Training after passing either Group I or both groups of Intermediate (IPC)
Course.
Complete First General Management and Communication Skills (GMCS) course
(15 days) during the first year of practical training.
Complete Second General Management and Communication Skills (GMCS) course
(15 days) after completion of 18 months of practical training but before completion of
practical training.
Clear Group II of Intermediate (IPC) Examination if not done earlier.
Register for CA Final Course and prepare for CA Final Examination.

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

Complete Advance Information Technology Training during the third year of practical
training but before appearing in the Final Examination.

Complete Practical Training of three years.


Appear in the Final examination on completion of the practical training or while
serving last six months of articled training on or before the last day of the month
preceding the month in which the examination is to be held.
Pass Final examination and complete GMCS II, if not completed earlier.
Enrol as a member of the ICAI and be designated as Chartered Accountant.

Requirements for Becoming a Chartered Accountant:


Through Direct Entry Scheme
I.

Commerce Graduates/Post-Graduates (55%)


or Other Graduates/Post-Graduates (60%)
Enrol with the Institute for Intermediate (Integrated Professional Competence) Course
for both groups.
Complete 35 hours Orientation Course spanning one week and 100 hours Information
Technology Training (ITT).
Register for Practical Training of three years.
Complete General Management and Communication Skills (GMCS)-I Course during
first year of practical training
Appear in Intermediate (Integrated Professional Competence) Examination after nine
months of Practical Training and Study Course of eight months concurrently from the
date of registration for the Intermediate (Integrated Professional Competence) Course.
Appear and pass in both groups of Intermediate (Integrated Professional Competence)
Course.
Register for CA Final Course and prepare for CA Final Examination.
Complete General Management and Communication Skills (GMCS)-II Course (15 days)
course while serving the last 19 to 36 months of articled training.
Complete Advance Information Technology Training during the third year of practical
training but before appearing in the Final Examination.
Complete three years period of Practical Training.
Appear in the Final Examination while serving last six months of practical training on or
before the last day of the month preceding the month in which the examination is to be
held.
Pass Final examination.
Enrol as a member of ICAI and be designated as Chartered Accountant.

II. Candidates who have passed Intermediate level examination of The Institute of
Company Secretaries of India and The Institute of Cost Accountants of India
Enrol with the Institute for Intermediate (Integrated Professional Competence) Course
either for Both Groups or Group I.
See bullet point 4 onwards of 1 above (CPT route) for rest of the scheme.
A students who wants to pursue the Accounting Technician Course (ATC) has to enroll for Group-I of
the Inter (IPC) Course. After successfully completing 35 hours Orientation Course, 100 Hours ITT and
eight months of Study Course, he/she can appear for ATE. After passing ATE, he/she needs to undergo
one year of work experience under a CA to get the certificate of Accounting Technician.

Common Proficiency Test


Entry Level Test

Scheme
th

Pass Class 10 Examination.


Register with Board of Studies for Common Proficiency Test and collect

study material.
Appear in Senior Secondary Examination (10+2) and pursue studies for
CPT simultaneously.
Eligible to Appear in Common Proficiency Test after completion of
specified period (60 days) of registration and after appearing in Senior
Secondary Examination (10 + 2).
Common Proficiency Test is held in the months of June and December
of every year.

Subjects
Session - I
Two Sections - Two hours - 100 Marks
Section A - Fundamentals of Accounting (60 Marks)
Section B - Mercantile Law (40 Marks).

Session - II
Two Sections - Two hours - 100 Marks
Section C - General Economics (50 Marks)
Section D - Quantitative Aptitude (50 Marks).

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

Intermediate
(Integrated Professional
Competence) Course
First Stage
A student, after clearing CPT may register for Intermediate (Integrated Professional
Competence) [Intermediate (IPC)] Course. Alternatively, graduates and post-graduates or
Intermediate passed out students of the Institute of Company Secretaries of India or the
Institute of Cost Accountants of India with specified marks may directly register for
Intermediate (IPC) Course. During Intermediate (IPC) Course a student has to undergo a
study course of eight months. Simultaneously, he has to do 35 hours Orientation Course and
100 hours ITT. Graduates and Post-Graduates joining Intermediate (IPC) Course directly
have to concurrently complete 8 months of study course and 9 months of practical training
before appearing for Intermediate (IPC) examination.

Subjects
Group I
Paper - 1: Accounting (100 Marks)
Paper - 2: Business Law, Ethics and Communication (100 Marks)
Part - I: Law (60 marks) comprising
Business Laws (30 Marks) and
Company Law (30 Marks)
Part II: Ethics (20 Marks)
Part - III: Communication (20 Marks)
Paper - 3: Cost Accounting and Financial Management (100 Marks)
Part - I: Cost Accounting (50 Marks)
Part - II: Financial Management (50 Marks)
Paper - 4: Taxation (100 Marks)
Part - I: Income Tax (50 Marks)
Part -II: Service Tax (25 Marks) and VAT (25 Marks).

Group II
Paper - 5: Advanced Accounting (100 Marks)
Paper - 6: Auditing and Assurance (100 Marks)
Paper - 7: Information Technology and Strategic Management (100 Marks)
Part - I: Information Technology (50 Marks)
Part - II: Strategic Management (50 Marks).

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Final Course

A student, after clearing Intermediate (IPC) Course joins the Final Course.

Subjects
Group I
Paper - 1:
Paper - 2:
Paper - 3:
Paper - 4:

Financial Reporting (100 Marks)


Strategic Financial Management (100 Marks)
Advanced Auditing and Professional Ethics (100 Marks)
Corporate and Allied Laws (100 Marks)
Section A: Company Law (70 Marks)
Section B: Allied Laws (30 Marks).

Group II
Paper - 5:
Paper - 6:
Paper - 7:
Paper - 8:

Advanced Management Accounting (100 Marks)


Information Systems Control and Audit (100 Marks)
Direct Tax Laws (100 Marks)
Indirect Tax Laws (100 Marks)
Section A: Central Excise (40 Marks)
Section B: Service Tax & VAT (40 Marks)
Section C: Customs (20 Marks).

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

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Programme Enhancing
Skills

Orientation Programme
With a view to groom and motivate the entrants to be good professionals, the

Orientation Programme has been made an integral part of the CA Course


curriculum.
Programme is of 35 hours duration spread over 5 to 7 days.

100 Hours Information Technology Training


100 hours Information Technology Training (ITT) is an integral part of the CA

course curriculum.
Training focuses on the application softwares relevant for Accounting and

Auditing.
Compulsory to complete Orientation Programme and ITT before joining

Articled Training.

Three Years' Practical Training


The unique requirement of practical training is instrumental in shaping a

well-rounded professional to ensure that students have an opportunity to


acquire on-the-job work experience of a professional nature. Such a practical
training.
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
organizations operate, and
Develops ethical values.

During the training, articled trainees get exposures to a wide array of fields,
namely, Accounting, Auditing, Taxation, Information Technology and
Management services. The entire period of practical training can be served with a

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practicing member or it can be served partly with a practicing member and partly
in an approved industrial establishment as Industrial Training.

Two Courses on General Management &


Communication Skills (GMCS)
Two 15 days full time Courses on General Management and Communication

Skills equip the entrants to the profession with interpersonal and


management skills.
GMCS-I shall be undergone during the first year of practical training.
GMCS-II shall be undergone during 19th36th months of practical training (for
students registering for practical training on or after 1st May, 2012)
Prerequisite for membership enrolment of the Institute.
Students who undergo the four weeks Residential Programme on Professional
Skills and Development are exempted from attending the GMCS-II.

Advanced Information Technology Training


st

Students registering for practical training after 1 August, 2012 are required

to undergo Advanced ITT also.


Advanced training to be completed during the third year of practical training

but before appearing in the Final examination.

Four Weeks Residential Programme on


Professional Skills Development
To imbibe the professional skills required for effective functioning in business

organizations and the profession, the Board of Studies organises four weeks
Residential Programme at Centre of Excellence, Hyderabad.
This programme offers a unique opportunity and focuses on development of
communication skills, leadership skills, personal traits as well as technical skills
for effective functioning in business organizations and profession.
All students who have passed Chartered Accountancy Final or
IPCC/PCC/Intermediate (IPC) examination and are pursuing third year of
practical training or have completed practical training may join the course.

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

13

Fees and Financial


Assistance

Broad Fee Structure


Course

Amount

Common Proficiency Test (CPT) Registration Fee

` 6,000

Intermediate (Integrated Professional Competence) Course


(Both Group) Registration Fee

` 9,000

Articled Training Fee

` 2,000
` 10,000

Final Course Registration Fee


100 Hours Information Technology Training

` 4,000

35 Hours Orientation Programme

` 3,000

GMCS I

` 5,500

GMCS II

` 5,500

Total

` 45,000

Scholarships
The Institute grants various scholarships to students namely, Merit, Merit-cumNeed based and Need based and Weaker-sections scholarships out of the funds of
Institute and Endowment Schemes created by individual donors/trustees/
societies.

Fee Exemption
Fees exemptions/concessions are also given to different categories of CA students
like differently abled students, children of military and para-military forces who
have lost either of their parents in action and meritorious students.

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Accounting Technician
Course (ATC)

A candidate may opt for Accounting Technician Course. It is to be noted that


Group I of Intermediate (IPC) Course is equivalent to ATC. A candidate who does
not wish to complete erstwhile Intermediate/PE-II/PCC/IPCC can opt for ATC.

How to become an Accounting Technician?


Enrol with the Institute for Common Proficiency Test (CPT) after passing class

10th examination
Appear in CPT after appearing in the senior secondary examination (10+2
examination)
Enrol for ATC
Successfully complete eight months of study course from the date of ATC
registration
Successfully complete Orientation Course of one week spanning 35 hours
Successfully complete 100 hours Information Technology Training (ITT)
Appear and pass Accounting Technician Examination (ATE)
Successfully complete one year work experience under a chartered
accountant in practice or in industry
Designate as Accounting Technician.

Options to pursue CA,


after becoming an Accounting Technician
Enrol for Group II of Intermediate (IPC) Course
Register as an Articled Assistant for a period of three years
Appear and pass Group-II of Intermediate (IPC) Examination comprising of

three papers
Register for CA Final Course and prepare for CA Final Examination
Undergo 15 days GMCS-I during the first year of practical training.
Undergo 15 days General Management and Communication Skills (GMCS-II)

course between 19th 36th months of practical training


Complete three years period of articled training
Appear in the Final Examination while serving last six months of practical
training.
CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

15

Accounting Technician Course (ATC)

Pass final examination and complete GMCS-II, if not completed earlier


Enrol as a member of ICAI and designated as Chartered Accountant.

Subjects
Paper - 1
Paper - 2
Paper - 3
Paper - 4

Accounting (100 Marks)


Business Law, Ethics and Communication (100 Marks)
Cost Accounting and Financial Management (100 Marks)
Taxation (100 Marks).

Every aspiring CA is polished


to perfection by the stringent
curriculum combined with
hands-on experience, and
made to sparkle.
Little wonder, the eminent positions in
Government, Judiciary, Banks, Financial
Institutions, Regulatory Bodies,
Industry and Prestigious Corporate
Houses are occupied by CAs.

THE ICAI EDGE


No entry barriers
Affordable course
All embracive accounting curriculum
Equipping with best managerial & soft skills
World class education, training & examination
systems
Rigorous training coupled with latest IT
techniques
3 years of hands on experience with stipend
Professional advancement, personal growth,
excellent prospects.

DIRECT ENTRY SCHEME


Candidates exempted from qualifying the Common
Proficiency Test (CPT) and eligible for direct
admission to the Intermediate Course are:
Graduates and Post Graduates in Commerce with
an aggregate of 55% marks
Non-Commerce students with an aggregate of
60% marks
Intermediate level pass at The Institute of Cost
Accountants of India or The Institute of Company
Secretaries of India examination.

A cut above the rest

Indian Chartered Accountants


are the best

A Chartered Accountant is a professional who


understands the areas of accounting, auditing,
corporate finance, project evaluation, company and
other business laws, taxation and corporate
governance. The multi-faceted knowledge a
Chartered Accountant possesses through
comprehensive academic curriculum blended with
unique practical training is what the business and
industry need with the advent of liberalisation,
privatization and globalisation. No wonder the final
product is a valuable asset not just for the nation but
for the world as well.

ICAI offers:
World best education system
Comprehensive curriculum
Rigorous training
Practical hands on experience
coupled with latest IT Techniques

Best of managerial & soft skills

MAKING OUR CAs A CLASS OF MATCHLESS PROFESSIONALS


SCALING NEW HEIGHTS OF EXCELLENCE

The Institute of
Chartered Accountants of India
Set up by an Act of Parliament
ICAI - ENRICHING THE NATION THROUGH PROFESSIONAL EXCELLENCE

For more details log on to www.icai.org

The Institute of
Chartered Accountants of India
Set up by an Act of Parliament

www.icai.org
MAKING OUR CAs A CLASS OF MATCHLESS PROFESSIONALS
SCALING NEW HEIGHTS OF EXCELLENCE

CA Course Recognition
For Post Graduation Courses/
Civil Services Examination

The Association of Indian Universities (AIU) recognises Chartered


Accountancy Qualification with graduation as equivalent to Post
Graduate Degree or allied disciplines in Commerce for pursuing Ph.D.
Programme.
One Hundred and Two Indian Universities/Indian Institutes of
Management/IIT Madras have also recognised Chartered Accountancy
Qualification as equivalent to Post Graduation for admitting the CA
students to the Doctoral Programme.

Eligibility of the Chartered Accountants


to appear in Civil Service Examination
Chartered Accountants are eligible for admission to the Civil Services
Examination, conducted by the Union Public Service Commission for
recruitment to IAS, IPS and other Group 'A'/Group 'B' Central Services/
Posts.

Special Weightage to CA Course in IIM Bangalore


Chartered Accountancy is the only professional course which is given
special weightage while admitting candidates to the Indian Institute of
Management Bangalore.

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

19

Memorandum of Understanding
National & International

MOU/MRA/Joint Declarations/Licence Agreements


with International Accounting Organisations
The Institute has entered into a Memorandum of Understanding (MOU) and a Mutual
Recognition Agreement (MRA) with various International Accounting bodies and
Institutions on how ICAI members can get reciprocal membership and other
professional advantages...
The Institute of Chartered Accountants of England and Wales (ICAEW)
Certified Public Accountant, Australia (CPAA)
Institute of Chartered Accountants of Australia (ICAA)
Certified Public Accountants in Ireland (CPA Ireland)
Canadian Institute of Chartered Accountants (CICA)
Higher Colleges of Technology, Ministry of Higher Education and Scientific
Research, UAE
University of Djibouti
The Bahrain Institute of Banking and Finance
Information System Audit & Control Association (ISACA)
The New Zealand Institute of Chartered Accountants (NZICA)
Association of International Accountants, UK
The Vietnam Association of CPAs
The AASB of Bhutan.

Memorandum of Understanding with Indian Universities


The Institute has entered into MOUs with some Indian Universities to enable its
Members and students to pursue BCom/MCom/BBA/MBA Courses of these
Universities. These are...
Indira Gandhi National Open University (IGNOU)
Bharthiar University
University of Madras.
For details regarding MOUs, please visit Institute's website www.icai.org

20

Opportunities for
Chartered Accountants

Chartered Accountancy - A Challenging Career at the cutting


edge of trade, industry and economic growth. A profession that imparts the best of
technical skills in financial and management areas and abilities necessary for deciding
and acting upon the high-pressure situations. No wonder that the Chartered
Accountancy is a high status profession and a passport to challenging and rewarding
career in industry and commerce. Chartered Accountants today have occupied top
management positions in public as well as private sectors. They also render
professional services as accountants and management consultants. The society has
increasingly recognized the services of CAs in entire gamut of management
consultancy including management accounting, management information and
control systems, international finance, information technology and financial services
sector. CAs today are part of the top management team and hold key positions in the
corporate sector. Even in the government, they occupy prominent positions. Rapid
changes taking place in the economy have further opened up new vistas of
opportunities for the Chartered Accountants. On becoming a Chartered Accountant,
you have many options for pursuing challenging and rewarding career.
Independent Professional Practice: Sky is the Limit
As practitioners of public accounting, CAs may start professional practice as a
proprietor or join any existing firm as a partner or staff member. A CA has been
entrusted with substantial responsibility of complying with the provisions of various
legislations such as compulsory audit of the accounts of all companies, banks,
cooperative societies, stock brokers, big income-tax assessees, large bank borrowers,
etc. A Chartered Accountant also provides compilation and review services as and
when required by enterprises. While practicing as an independent professional, a CA
also acts as a business advisor by providing all kinds of services including the
preparation of financial reports with restructuring of finance options preparing
financial projections showing how the loans will be repaid, and determining the
viability of business. As a tax advisor, a CA helps business and individuals to comply
with tax laws and represents their clients before government agencies. Risk
Management and Internal Audit are also growing areas of professional practice.

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

21

Opportunities in Global Arena


Today, Indian Chartered Accountants have an impressive presence throughout the
globe holding eminent positions. Many MNCs as well as KPOs prefer Indian CAs for
their expertise in IFRS, International taxation, International Trade Laws and
Accounting in IT environment.

Management Consultancy Services


A Chartered Accountant plays a vital role in assisting businesses to improve the use of
their resources, increase their efficiency and achieve their objectives. As a
management consultant CA can also identify, evaluate and recommend ways to
increase revenue and reduce operating costs, analyse operations and suggest changes
in structure and individual responsibilities, conduct special studies, prepare
recommendations, plans and programmes and provide advice and technical assistance
in their implementation. The breadth of management advisory services rendered by
Chartered Accountants reflects their clear response by application of their technical
knowledge and business experience to the client's changing needs. Such services
include...

Financial management planning and financial policy determination such as


capital structure and related areas.
Preparation of project reports and feasibility studies.
Market research and demand studies.
Management accounting systems, cost control and value analysis.
Budgeting, inventory management, working capital management.
Personnel recruitment and selection, incentive plans.
Business policy, corporate planning, organisation development, growth and
diversification.
Organisation structure and behaviour, development of human resources.
Systems analysis and design, and computer related services.
Advisor or consultant to an issue.
Investment counselling in respect of securities.
Registrar to an issue and for transfer of shares/other securities; and
Quality audit, energy audit and environmental audit.

Opt for Industry/Government Organisation


A Chartered Accountant may prefer to join an industry or government organisation
and hold a responsible position. Chartered Accountants are responsible for developing,
analyzing and reporting on information needed for business decisions. They also
evaluate the financial effects of management's actions. A Chartered Accountant may
also take up the job of an educator at a University/College. Many Chartered
Accountants hold responsible positions in business or industrial firms as CEOs,
Managing Directors, Directors (Finance) and Chief Accountants.

22

Campus Placement
Programme
The Institute has a special cell which assists newly qualified members of the
profession in finding jobs in the Industry. This cell organizes campus interviews for
these members and acts as a link between industry and professionals. Over the
years, the Campus Placement Programmes have received tremendous response.

Campus Placement Programme - A Bird's Eye View


Maximum Salary Paid
Aug-Sep 2012

Aug-Sep 2013

Feb-Mar 2014

` 16.7 lakh PA For


International Posting

` 24.64 lakh PA For


International Posting

` 20.25 lakh PA For


International Posting

` 13.77 lakh For


National Posting

` 20 lakh PA For
National Posting

` 21 lakh PA For
National Posting

Average Salary Paid


Aug-Sep 2012

Aug-Sep 2013

Feb-Mar 2014

` 7.06 lakh PA

` 7.30 lakh PA

` 7.38 lakh PA

Top Recruiters during the Campus Placement


Programme February-March, 2014
Genpact
Barclays Shared Services Pvt. Ltd.
Tata Consultancy Services Ltd.
Wipro Ltd.
IndiaBulls Housing Finance Ltd.
S. R. Batliboi & Co

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

Deloitte Haskins and Sells


The Federal Bank Ltd.
Flipkart Internet Pvt. Ltd.
Credit Suisse Services India Pvt. Ltd.
L&T

23

Salary Range Offered


Number of Candidates
Aug-Sep, 2013

300

Number of Candidates
Feb-March, 2014

254

Number of Candidates

250
200

185

174

145

150

139
115

100

87

116
83

50
18

0
` 9,00,000

& above

` 7,50,000
to ` 9,00,000

` 6,00,000
to ` 7,50,000

` 5,00,000
to ` 6,00,000

` 4,00,000
to ` 5,00,000

Top CTC Offered for Domestic Posting


S. No.

24

Company Name

Job
Offered

CTC Offered
(INR Per Annum)

Bharti Airtel

21,00,000

Hindustan Unilever Ltd

20,00,032

ITC Ltd

17,00,000

Flipkart Internet Pvt Ltd

12

15,00,000

Trident Ltd

15,00,000

ITC Ltd

14,00,000

CPT Syllabus

SESSION-I
Two Sections - Two hours - 100 Marks
Section A : Fundamentals of Accounting (60 Marks)
1. Theoretical Framework: Meaning and Scope of accounting, Accounting Concepts,
Principles and Conventions, Accounting Standards concepts, objectives, benefits,
Accounting Policies, Accounting as a measurement discipline valuation principles,
accounting estimates.
2. Accounting Process: Books of Accounts leading to the preparation of Trial Balance,
Capital and revenue expenditures, Capital and revenue receipts, Contingent assets and
contingent liabilities, Fundamental errors including rectifications thereof.
3. Bank Reconciliation Statement.
4. Inventories: Basis of inventory valuation and record keeping.
5. Depreciation Accounting: Methods, computation and accounting treatment of
depreciation, Change in depreciation methods.
6. Preparation of Final Accounts for Sole Proprietors.
7. Accounting for Special Transactions: Consignments, Joint Ventures, Bills of exchange
and promissory notes, Sale of goods on approval or return basis.
8. Partnership Accounts: Final accounts of partnership firms Basic concepts of
admission, retirement and death of a partner including treatment of goodwill.
9. Introduction to Company Accounts: Issue of shares and debentures, forfeiture of
shares, re-issue of forfeited shares, redemption of preference shares.

Section B: Mercantile Laws (40 Marks)


1. The Indian Contract Act, 1872: An overview of Sections 1 to 75 covering the general
nature of contract, consideration, other essential elements of a valid contract,
Performance of contract and Breach of contract.

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

25

2. The Sale of Goods Act, 1930: Formation of the contract of sale Conditions and
Warranties Transfer of ownership and delivery of goods Unpaid seller and his rights.
3. The India Partnership Act, 1932: General Nature of Partnership Rights and duties of
partners Registration and dissolution of a firm.

SESSION-II
Two Sections Two hours (100 Marks)
Section C: General Economics (50 Marks)
(I) Micro Economics
1. Introduction to Micro Economics: Definition, scope and nature of Economics, Methods
of economic study, Central problems of an economy and Production possibilities curve.
2. Theory of Demand and Supply: Meaning and determinants of demand, Law of demand
and Elasticity of demand - Price, income and cross elasticity, Theory of consumer's
behaviour Marshallian approach and Indifference curve approach, Meaning and
determinants of supply, Law of supply and Elasticity of supply.
3. Theory of Production and Cost: Meaning and Factors of production, Laws of Production
The Law of variable proportions and Laws of returns to scale, Concepts of Costs Short-run and long-run costs, Average and marginal costs, Total, fixed and variable
costs.
4. Price Determination in Different Markets: Various forms of markets Perfect
Competition, Monopoly, Monopolistic Competition and Oligopoly, Price determination
in these markets.
(II) Indian Economic Development
5. Indian Economy A Profile: Nature of the Indian Economy, Role of different sectors
Agriculture, Industry and Services in the development of the Indian economy, their
problems and growth, National Income of India Concepts of national income,
Different methods of measuring national income, Growth of national income and per
capita income in various plans, Basic understanding of tax system of India Direct and
Indirect Taxation.
6. Select Aspects of Indian Economy: Population - Its size, rate of growth and its
implication for growth, Poverty Absolute and relative poverty and main programs for
poverty alleviation, Unemployment Types, causes and incidence of unemployment,
Infrastructure - Energy, Transportation, Communication, Health and Education,
Inflation, Budget and Fiscal deficits, Balance of payments, External debts.
7. Economic Reforms in India: Features of economic reforms since 1991, Liberalisation,
Privatisation and Disinvestment, Globalisation.

26

8. Money and Banking: Money Meaning and functions, Commercial Banks Role and
functions, Reserve Bank of India Role and functions, Monetary policy.

Section D: Quantitative Aptitude (50 Marks)


1.

Ratio and proportion, Indices, Logarithms.

2. Equations: Linear simultaneous linear equations up to three variables, quadratic and


cubic equations in one variable, equations of a straight line, intersection of straight
lines, graphical solution to linear equations.
3. Inequalities: Graphs of inequalities in two variables - common region.
4.

Simple and Compound Interest including annuity - Applications.

5. Basic concepts of Permutations and Combinations.


6. Sequence and Series Arithmetic and geometric progressions.
7. Sets, Functions and Relations.
8.

Limits and Continuity - Intuitive Approach.

9. Basic concepts of Differential and Integral Calculus (excluding trigonometric


functions).
10. Statistical description of data: Textual, Tabular & Diagrammatic representation of data,
Frequency Distribution, Graphical representation of frequency distribution
Histogram, Frequency Polygon, Ogive.
11. Measures of Central Tendency and Dispersion: Arithmetic Mean, Median Partition
Values, Mode, Geometric Mean and Harmonic, Mean, Standard deviation, Quartile
deviation.
12. Correlation and Regression.
13. Probability and Expected Value by Mathematical Expectation.
14. Theoretical Distributions: Binomial, Poisson and Normal.
15. Sampling Theory: Basic Principles of sampling theory, Comparison between sample
survey and complete enumeration, Errors in sample survey, Some important terms
associated with sampling, Types of sampling, Theory of estimation, Determination of
sample size .
16. Index Numbers.

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

27

Common Proficiency Test


CPT - Frequently Asked Questions

1. What is the Common Proficiency Test?


It is an entry level test for Chartered Accountancy Course. It is an objective test of
four subjects i.e. Accounting, Mercantile Laws, General Economics and
Quantitative Aptitude.
2. Who can join the Course?
A student who has passed the 10th standard examination conducted by an
examining body constituted by law in India or an examination recognized by the
Central Government as equivalent thereto may register for Common Proficiency
Test.
3. How to apply for admission to the CPT Course?
A student is required to apply in the prescribed form.
A student may buy Prospectus remitting ` 100. The application form is

available in the Prospectus.


Alternatively, the application form can be downloaded from our website as per

the link given below...


http://220.227.161.86/7505cpt_form.pdf
While submitting the duly filled application form, a student has to remit ` 100
towards cost of Prospectus along with registration and tuition fee.
4. What are the fees for registration?
SNo

Details of Fee

1.
2.
3.

Cost of CPT Prospectus


CPT Registration fee
Subscription for Students' Journal

4.

Subscription for Members' Journal

For India and


SAARC Countries

For Foreign
Students

` 100
` 6,000
` 200

USD 10
USD 580
USD 20

` 400

USD 40

` 6,700

USD 650

(for one year) (Optional but strongly recommended)


(for one year) (Optional)

TOTAL

28

CPT
Frequently Asked Questions

5. What are the documents/proofs to be to be enclosed along with the CPT


registration application?
Demand Draft towards registration fee.

Proof of Date of Birth: 10th pass marks sheet/10th pass certificate indicating
Date of Birth, duly attested by a Chartered Accountant/Gazetted Officer/ Head
of the Institute.
Class 12th Admit Card/Attested copy of 12th pass or its equivalent qualification,
if passed.
Proof of Nationality, if a student is foreigner.
Proof of special category certificate i.e. SC/ST, OBC and Disabled.
6. What are the subjects to be studied?
SESSION-I (Two Sections Two hours 100 Marks)
Section A: Fundamentals of Accounting (60 Marks)
Section B: Mercantile Laws (40 Marks).
SESSION-II (Two Sections Two hours - 100 Marks)
Section C: General Economics (50 Marks)
Section D: Quantitative Aptitude (50 Marks).
7. Will there be any study package?
Yes. The Board of Studies provides a comprehensive study material including a
large question bank. In addition, Volumes I & II of the Model Test Papers are also
being supplied to the students with study materials.
8. How to make application for appearing in the examination?
A student has to follow the examination notification to be issued by the
Examination Department of the ICAI and apply in the prescribed form along with

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

29

CPT
Frequently Asked Questions

the examination fee of ` 500 (for students applying online). The Examination
Department announces the examination centres and issue admit card.
Examination fee is subject to change from time to time.
9. What are the qualifying marks?
The qualifying mark is 50%. A student has to remember that CPT is an objective
type test with a negative marking for selecting wrong option which will be
indicated in the question paper. 1/4 (one fourth) mark will be deducted for each
wrong answer.
Beginning June 2013, a CPT candidate shall be declared to have passed the test if
he obtains at one sitting a minimum of 30% marks in each section i.e. subject and a
minimum of 50% marks in aggregate of all the sections, subject to the principle of
negative marking.
10. When is CPT held?
CPT examination is held twice in a year i.e., in June & December.
11. Can a student registered for CPT appear in CPT exam indefinitely?
No. The registration for CPT Course from the date initial registration is a period of
three years. CPT registration may be renewed for subsequent three years period by
paying ` 300. This re-validation of registration can be done any number of times.
Students have to renew their registration before the last date for submission of
examination application forms.
12. Is there any cut-off date for registering to CPT course and appearing in the
CPT exam and who can appear in the CPT exam?
A student who registers for CPT course on or before 1st April will be eligible to
appear in June and who registers on or before 1st October will be eligible to appear
in the December CPT examination.

30

Board of Studies & Decentralised Offices


For further information and to obtain the Prospectus,
students are advised to contact any of these offices
Western India Regional Council of ICAI
ICAI Bhawan, 27 Cuffe Parade, Colaba
Mumbai - 400 005
Phone: 022-39893989, FAX: 022-39802953
Email: wro@icai.in
Website: www.wirc-icai.org

Surat Branch of WIRC of ICAI


ICAI Bhawan 2nd Floor, Saifee Building, Dayalji Baug
Road (Dutch Garden Road) Nanpura
Surat - 395 001, Gujarat Phones: 0261-2472932 2464413,
2461154, FAX: 0261-2464413
Email: surat@icai.org, suraticai@yahoo.co.in

Southern India Regional Council of ICAI


ICAI Bhawan, 122 MG Road, Post Box No. 3314
Nungambakkam, Chennai - 600 034
Phone 044-39893989, 30210300 FAX: 044-30210355
Email: sro@icai.in
Website: www.sircoficai.org

Bangalore Branch of SIRC of ICAI


ICAI Bhawan No. 16/0 Millers Tank Bed Area Bangalore 560 052
Phones: 080-30563500, 30563501
FAX: 080 22252547
Email: bangalore@icai.org

Eastern India Regional Council of ICAI


ICAI Bhawan, 7 Anandilal Poddar Sarani
(Russell Street) Kolkata - 700 071
Phone: 033-39893989 FAX: 033-30211145
Email: ero@icai.in
Website: www.eircindia.org

Coimbatore Branch of SIRC of ICAI


ICAI Bhawan Opposite to Union Bank of India Branch
Mettupalayam Road, Thudiyalur, Coimbatore - 641 034
Phones: 0422-4270056, 4270058
FAX: 0422-4270056, 4270058
Email: coimbatore@icai.org,

Central India Regional Council of ICAI


ICAI Bhawan, Post Box No. 314
16/77 B Civil Lines, Behind Reserve Bank of India
Kanpur - 208 001
Phone: 0512-3989398, FAX: 0512-3011193
Email: cro@icai.in, Website: www.circ-icai.org

Ernakulam Branch of SIRC of ICAI


ICAI Bhawan, 57/3146, Dewan's Road,
Ernakulam, Kochi - 682 016
Phones: 0484-2369238, 2372953, 2369258
FAX: 0484-2372953
Email: ernakulam@icai.org

Northern India Regional Council of ICAI


ICAI Bhawan, 52-54, Institutional Area
Vishwas Nagar, Shahdara, Near Karkardooma Courts
Delhi - 110 032 Phones: 011-39893990, 30210601-605
FAX: 011-30210680
Email: nro@icai.org, Website: www.nirc-icai.org

Hyderabad Branch of SIRC of ICAI


ICAI Bhawan, 11-5-398/C, Red Hills
Hyderabad - 500 004
Phones: 040-23317026/27/28, 23393182, 30638600
FAX: 040-23393200
Email: hyderabad@icai.org

Ahmedabad Branch of WIRC of ICAI


ICAI Bhawan, 123, Sardar Patel Colony, Near Usmanpura
Under Bridge, PO Navjivan Naranpura Ahmedabad - 380 014

Indore Branch of CIRC of ICAI


ICAI Bhawan, Plot No. 19-B, Scheme No. 78
Part-II (Near MP Pollution Board)
Indore - 452 010

Phones: 079-27680946, 27680537, FAX: 079-27680537

Email: ahmedabad@icai.org

Phones: 0731-4298198, 3254900, FAX: 0731-4298198

E-mail: indore@icai.org
Baroda Branch of WIRC of ICAI
ICAI Bhawan, Kalali - Tandalja Road, At Ladra Vadodara 390 012
Phones: 0265-2681115, 2680593
FAX: 0265-2681115, 2680593
Email: baroda@icai.org

Jaipur Branch of CIRC of ICAI


ICAI Bhawan, D-1, Institutional Area,
Jhalana Doongri, Jaipur - 302 004
Phones: 0141-3989398, 3044200, 3044214
FAX: 0141-3044215
E-mail: jaipur@icai.org

Nagpur Branch of WIRC of ICAI


ICAI Bhawan, 20/1, Behind Vijayanand Society Dhantoli,
Nagpur - 440 012
Phones: 0712-2443968, 2441196
FAX: 0712-2454166
Email: nagpur@icai.org

Chandigarh Branch of the NIRC ICAI


ICAI Bhawan, Opp. Community Centre
Sector-35 B, Chandigarh - 160 022
Phone: 0172-5067756
FAX: 0172-2727699
E-mail: chandigarh@icai.org

Pune Branch of WIRC of ICAI


ICAI Bhawan, Plot No. 8, Parshwanath Nagar
CTS No. 333 Sr. No. 573, Munjeri, Opp. Kale Hospital
Bibawewadi, Pune - 411 037
Phones: 020-24212250/51/52, FAX: 020 24489732
Email: pune@icai.org, punecpe@gmail.com

Thane Branch of WIRC of ICAI


A-4, Laxmi Mahal, Second Floor,
LBS Marg, Chandanwadi Naka, Charai
Thane (W) - 400 602
Phones: (22) 25382451/53/54/56
E-mail: thane@icai.org

CHARTERED ACCOUNTANCY
Global Career Endless Opportunities

31

One Profession
Versatile Roles

A Total Business Solution Provider


65

The Institute of Chartered Accountants of India


Set up by an Act of Parliament
ICAI - ENRICHING THE NATION WITH PROFESSIONAL EXCELLENCE

About the Booklet


The booklet Chartered Accountancy: Global Career, Endless Opportunities has
been specifically prepared by the Board of Studies, ICAI to provide valuable
information about the Chartered Accountancy Course and avenues open to
those who want to pursue a career in Chartered Accountancy.

Composition of The Board of Studies (2014-15)


CA M. Devaraja Reddy
Chairman, Board of Studies
CA Prafulla Premsukh Chhajed
Vice Chairman, Board of Studies
CA K. Raghu
President (Ex-Officio)
CA Manoj Fadnis
Vice President (Ex-Officio)
CA Tarun Jamnadas Ghia
CA Nihar Niranjan Jambusaria
CA Sanjeev K. Maheshwari
CA Babu Abraham Kallivayalil
CA V. Murali
CA S. Santhanakrishnan

CA Sumantra Guha
CA Subodh Kumar Agrawal
CA Shyam Lal Agarwal
CA Vijay Garg
CA Anuj Goyal
CA Mukesh Singh Kushwah
CA Vijay Kumar Gupta
CA Charanjot Singh Nanda
Shri Manoj Kumar
Shri Gautam Guha
Shri J. S. Deepak
Shri Sidharth Kumar Birla
Shri Salil Singhal

Co-opted Members
CA C. S. Gupta
CA M. R. Krishnamurthy
CA Ananthanarayana Pai K.
CA Prerak Agarwal

Director, Board of Studies


Shri Vijay Kapur

CA Sunil Kumar Gulati


CA Ravinder Singh Kalra
CA Prashant Shekhar Panda

SPP/ICAI/0414/50K