The entry-level test for building a career in CA (Chartered Accountancy) is known as FOUNDATION which is designed in the pattern of entry-level test for engineering, medical and other professional courses. CA (Chartered Accountancy) is considered as the elite of finance profession. CA (Chartered Accountancy) is the backbone of any business, whether it is small or big, all require the services of a Chartered Accountant. The Chartered Accountant’s profession is very popular among the youngsters. Seeing the growth, stability and sophistication that the job profile brings, its popularity is well spoken for. A Chartered Accountant (CA) performs many vital functions, such as auditing, taxation, financial reporting, and forensic accounting. After +2, the best option is to join for FOUNDATION, because of various career options/avenues in the area of CA (Chartered Accountancy) and enter in glamorous and dynamic professional world of CA (Chartered Accountancy). In other words Chartered Accountancy course (CA) offers the students a dream career in the specialized areas of Accounting, Auditing, Corporate Finance, Corporate Laws, and Taxation. After FOUNDATION the next step is to join for Intermediate and then join for CA Final.
We are happy to mention that by going through the growth of the Indian economy over the past five years, the country requires new CAs each year.
A BRIEF OUTLINE OF CA FOUNDATION SYLLABUS
Level of Knowledge: Basic Knowledge
PAPER 1 : Principles and Practices of Accounting – 100 Marks
PAPER 2 : Business Law & Business Correspondence and Reporting – 100 Marks
- Part 1 : Business Law – 60 Marks
- Part 2 : Business Correspondence and Reporting – 40 Marks
PAPER 3 : Business Mathematics and Logical Reasoning & Statistics – 100 Marks
- Part 1 : Business Mathematics and Logical Reasoning – 60 Marks
- Part 2 : Statistics – 40 Marks
PAPER 4 : Business Economics & Business and Commercial Knowledge – 100 Marks
- Part 1 : Business Economics – 60 Marks
- Part 2 : Business and Commercial Knowledge – 40 Marks
Who can attend ?
- B.Com students working in A/C and finance field.
- CFOs, Finance Directors and Strategic Planners.
- Accountants Analysts, Auditors and Tax Directors.
- Investment Bankers, Corporate Bankers.
- Private Equity & Merger & acquisition specialists.
- Consultants practicing CA, CS, CWA.
- Professionals from Indian companies with a global presence.
The Program Details will consist :
- Introduction & Operation of the IASB
- Status & Use of IFRS around the world
- Internation sources of authority Elements of financial statements Presentation and additional disciosures
- Preparation of external financial reports for single entities
- Preparation of external financial reports for combined entities and joint ventures
- Group Accounting and Disclosure Standards
- Working professional in Accounting & Finance Area
- CA, CS, CWA’s, MBA (Finance) and for corporate nominations.
- Finance & Accounting Consultants
- The Program will take about 3 Months (Each Sunday) to complete.
INTERMEDIATE / (IPCC)- Integrated Professional Competency Course is the second stage of the chartered accountancy curriculum wherein working knowledge of core and allied subjects to accountancy profession is covered. The unique speciality of the entire theoretical education of the CA (Chartered Accountancy) curriculum is the supportive and complementary practical training. A student should undergo firstly theoretical education and secondly practical training during INTERMEDIATE. This balanced approach will help the students to appreciate the practical applications of the theoretical education scheme.
HIGHLIGHTS OF CA INTERMEDIATE / IPCC COURSE
- Improved knowledge of accountancy linked to accounting standards to build a strong foundation for developing knowledge of Financial Reporting at the Final stage.
- Inculcating ethical values through Business Ethics.
- Help to update knowledge of business communication by developing soft skills, leadership style, group dynamics and legal documents.
- Building knowledge of business strategies, business environment and corporate governance.
CA INTERMEDIATE SYLLABUS
The syllabus of CA INTERMEDIATE is composed of 2 groups, which is as follows:
Group 1 and Group 2 comprises of 4 papers each, in detail:
GROUP – 1
- PAPER – 1 – Accounting
- PAPER – 2 – Business Law and Other Laws
- PAPER – 3 – Cost and Management Accounting
- PAPER – 4 – Taxation
- PAPER – 5 – Advanced Accounting
- PAPER – 6 – Auditing and Assurance
- PAPER – 7 – Enterprise Information System & Strategic Management
- PAPER – 8 – Financial Management & Economics for Finance
Students are required to appear for the Chartered Accountancy Final examination while serving the last six months of their Articleship training on or before the last day of the month preceding the month in which the examination is to be held after the completion of Advanced Integrated Course on Information Technology and Soft Skills (AICITSS). There are 8 subjects to be studied arranged in 2 groups with 4 papers of 100 marks each i.e. a total of 8 papers of 100 marks each. Case study approach is required for this course. Application gathered during Articleship is required here. To pass the CA Final exam, a student has to obtain a minimum of 40% in each paper and an aggregate of 50% in all the papers of both the groups together, if attempting both the groups or all the papers of a single group, failing which the student has to reappear in all the papers of that group/groups again. Case study approach is required for this course. Application gathered during Articleship is required here.
CA FINAL SYLLABUS
A person will avail the benefit of FOUNDATION exception if he/she enrolls for CA course after the graduation. Students who join the course after the successful completion of graduation with the specified percentage of marks are exempted from Foundation exam and can appear for IPCC/INTERMEDIATE exam and Articleship training.
- Paper 1: Financial Reporting
- Paper 2: Strategic Financial Managment
- Paper 3: Advanced Auditing and Professional Ethics
- Paper 4: Corporate Laws and Other Economic Laws
- Paper 5: Strategic Cost Management & Performance Evaluation
- Paper 6: Elective Paper (One to be chosen from the list of Elective Papers)
- i: Risk Management
- ii: Financial Services & Capital Markets
- iii: International Taxation
- iv: Economic Law
- v: Global Financial Reporting Standards
- vi: Multidisciplinary Case Study
- Paper 7: Direct Tax Laws & International Taxation
- Paper 8: Advanced Indirect Tax Laws
A student has to get through both the groups either at once or separately to be eligible for ICAI MEMBERSHIP. However, there are certain exemptions in cases where the student has obtained high marks in one or more papers and has failed the group.