Cost Accountants
·
Foundation (4 papers)
:
·
Std. XII or equivalent
at the time of exams.
·
Must have completed 17
years at the time of application.
·
Intermediate
Examination (Group I& Group II):
·
Passed Foundation or
Graduation or Equivalent.
·
Minimum age: 18 years.
·
Must have got valid
registration number.
·
Final Examination
(Group III & Group IV)
·
Passed Intermediate
Examination.
·
Must have valid
registration number.
Career Prospects
· ICAI’s hold top
management positions, viz., Managing Director, Finance Director, Financial
Controller, Chief Accountant, Cost Controller, Marketing Manager, Chief
Internal Auditor.
Cost Accountants are
recognized by the government, public and private sectors for placement at
various levels in the fields of Accounting and Management functions.
· The specialization in
costing is an added catalyst for a successful manager and a policy maker.
· Practice as Cost
Accountant. A Cost Accountant may build up his own practice by obtaining a
license from the Institute which would enable him to practice as a Cost
Accountant, either individually or in partnership with one or more members of
the Institute in practice.
Chartered Accountants
Different levels of Chartered
Accountancy Course
- Entry
Level Test : Common Proficiency Test
- First
Stage : Integrated Professional Competence Course
- Final
Stage : Final Course
Common Proficiency Course (CPC) / Common
Proficiency Test (CPT)
About the Course:
CPT is an entry level test for Chartered Accountancy
Course. Student after passing class 10th examination conducted by an examining
body constituted by law in India or an examination recognized by the Central
Government as equivalent thereto. Students can appear in the CPT after
appearing in the senior secondary (10+2) examination conducted by an examining
body constituted by law in India or an examination recognised by the Central
Government as equivalent thereto. Students after registration to the course are
required to complete specified period (i.e. 60 days) from the date of
registration to as on the first day of the month in which examination is to be
held, i.e., students registered on or before 1st April/1st October will be
eligible to appear in June/ December examination, as the case may be. Students
who are Graduates/ Post Graduates with prescribed percentage marks or its
equivalent grade in the examination conducted by any recognized University
(including Open University) or Intermediate level examination passed students
of The Institute of Cost Accountants of India or The Institute of Company
Secretaries of India are exempted from passing CPT. Such students on fulfilling
the requirements can register directly to Intermediate (IPC) course.
Intermediate (Integrated Professional
Competence) Course:
This is the first stage of the chartered accountancy
curriculum wherein only working knowledge of core and allied subjects to
accountancy profession is covered, while at the Final course, advanced
application knowledge of core and allied subjects to accountancy profession has
been intended to be inculcated. The unique feature of the entire theoretical
education of the Chartered Accountancy curriculum is the supportive and
complementary practical training. A student would undergo theoretical education
and three years of practical training after compulsorily during the course of
chartered accountancy. This balanced approach will help the students to
appreciate the underlying practical applications of the theoretical education
scheme.
|
ELIGIBILITY QUALIFICATION/ REQUIREMENT
TO ENROL FOR INTERMEDIATE (IPC) COURSE:
- A
candidate is eligible for enrolment to any of the level(s) of the
Intermediate (IPC) Course on passing the Common Proficiency Test and
Senior Secondary Examination (10+2 examination) conducted by an
examining body constituted by law in India or an examination recognized
by the Central Government as equivalent thereto.
- A
candidate who has already passed Entrance Examination or Foundation
Examination or Professional Education (Examination-I) shall be eligible
for enrolment to Intermediate (IPC) Course subject to complying with
relevant conditions.
- A
candidate who was already registered for erstwhile Intermediate/
Professional Education (Course-II)/ or Professional Competence Course
cum articleship shall be eligible for enrolment/ conversion to
Intermediate (IPC) Course subject to complying with relevant conditions.
- Students
who are Graduates/ Post Graduates in Commerce having secured in
aggregate a minimum of 55% of the total marks or other than those
falling under Commerce stream having secured in aggregate a minimum of
60% of the total marks or its equivalent grade in the examination
conducted by any recognized University (including Open University) and
Candidates who have passed the Intermediate level examination conducted
by The Institute of Cost Accountants of India or by The Institute of
Company Secretaries of India are exempted from qualifying Common
Proficiency Test (CPT) vide Notification No. 1-CA(7)/145/2012 dated
August 1, 2012 can register directly in the Intermediate (IPC) Course.
- Students
who are pursuing the Final year Graduation Course can also register for
the Intermediate (IPC) Course on provisional basis and such students
registration would be regularised and they can commence practical
training only on submission of satisfactory proof of having passed the
Graduation examination with the specified percentage of marks within six
months from the date of appearance in the final year graduation
examination. During the provisional registration period, a student can
undergo and complete Information Technology Training (ITT) and
Orientation Course. If such student fails to produce the proof within
the a foresaid period, his provisional registration shall stand
cancelled and the registration and other fees, as the case may be, paid
by him shall not be refunded/ adjusted and no credit shall be given for
the theoretical education undergone. Student has to register and undergo
Orientation Programme and 100 hours ITT at any time after registration
to Intermediate (IPC) Course. They shall have to complete the same
before commencement of practical training.
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Final Exam
- Held
twice every year in the months of May and November. It comprises of two
groups. Candidate can appear for groups / group I / group II as the case
may be subject to fulfillment of eligibility condition.
- Eligibility
- The
candidate must have passed the Intermediate/ PE-II/IPCC Examination.
- The
candidate must have obtained Final Course registration number.
- The
candidate must have completed the practical training as required.
Career Prospects
- Dream
career in the specialized areas of Accounting, Auditing, Corporate
Finance, Corporate Laws, Taxation.
- Chartered
Accountants are statutorily recognized audit practitioners.
- Technically
equipped to act as management consultants.
- As
practitioners of public accounting, CAs may start Professional practice as
a proprietor or join any existing firm as a partner or staff member.
- Many
Chartered Accountants hold responsible positions in business or industrial
firms as CEOs, Managing Directors, Director (Finance) and Chief
Accountants.
- Independent
Professional Practioners
