Monday, June 1, 2009
Thursday, December 11, 2008
ACCOUNTING TECHNICIAN COURSE
THIS IS THE LINK WHICH SHOWS DETAILS ABOUT @ ABOVE COURSE
http://icai.org/resource_file/14288atc-ipcc_111208.pdf
http://icai.org/resource_file/14288atc-ipcc_111208.pdf
Saturday, November 15, 2008
President, CA.Ved Jain, elected as Member of IFAC Board
November 14, 2008
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. During its nearly six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the world.
In this landmark year when the Institute is celebrating its Diamond Jubilee year, CA. Ved Jain, President, ICAI has been appointed as a Member on the Board of International Federation of Accountants (IFAC) for a term of 3 years from 13th November 2008.This was announced during the IFAC Council meeting held on 12th -13th November 2008 at Rome, Italy. President, CA. Ved Jain took over as the President of ICAI on February 5, 2008 and under his able leadership the Institute has achieved new heights in a short span of 9 months. A brief profile along with the photograph of CA. Ved Jain is attached for reference.
About IFAC
IFAC (International Federation of Accountants) is the global organization for the accountancy profession. It works with its 138 members and 20 associates in 123 countries and jurisdictions to protect the public interest by encouraging high quality practices by the world's accountants. ICAI is one of the members of IFAC. IFAC members and associates, which are primarily national professional accountancy bodies, represent 2.5 million accountants employed in public practice, industry, commerce, government, and academia.
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 for the regulation of the profession of Chartered Accountancy in India. During its nearly six decades of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards. ICAI now is the second largest accounting body in the world.
In this landmark year when the Institute is celebrating its Diamond Jubilee year, CA. Ved Jain, President, ICAI has been appointed as a Member on the Board of International Federation of Accountants (IFAC) for a term of 3 years from 13th November 2008.This was announced during the IFAC Council meeting held on 12th -13th November 2008 at Rome, Italy. President, CA. Ved Jain took over as the President of ICAI on February 5, 2008 and under his able leadership the Institute has achieved new heights in a short span of 9 months. A brief profile along with the photograph of CA. Ved Jain is attached for reference.
About IFAC
IFAC (International Federation of Accountants) is the global organization for the accountancy profession. It works with its 138 members and 20 associates in 123 countries and jurisdictions to protect the public interest by encouraging high quality practices by the world's accountants. ICAI is one of the members of IFAC. IFAC members and associates, which are primarily national professional accountancy bodies, represent 2.5 million accountants employed in public practice, industry, commerce, government, and academia.
Wednesday, November 12, 2008
REQUIREMENTS FOR BECOMING CA
Requirements for becoming a Chartered Accountant Requirements for becoming a chartered accountant under the new scheme are as follows: (i) Enrol with the Institute for Common Proficiency Test after passing Class 10 examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto. (ii) Appear CPT examination after appearing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and after completion of specified period from the date of registration for CPT with the Board of Studies. This specified period for CPT examination is 60 days. The Common Proficiency Test are conducted twice in a year i.e., in June and December. (iii) Join PCC, articled training and register for 100 Hours Information Technology Training (ITT) after passing CPT and 10+2 examination. (iv) Undergo 100 Hours ITT on completion of three months of articled training (100 Hours ITT is a 20/25 days programme @ five/ four hours per day; the training will be treated as part of the practical training). (v) Appear in Professional Competence Examination (PCE), if - worked for not less than fifteen months as an articled assistant or equivalent period as an audit assistant or partly as an articled assistant and partly as an audit assistant, three months prior to the first day of the month in which examination is held or completed 18 months of articled training as on 1st May/ 1st November, as the case may be; and - completed 100 Hours ITT. [ Eight months of audit training is treated as equivalent to six months of articled training. Any fractional period of audit training less than eight months is not counted for this purpose] (vi) Join CA Final course: - After passing PCE register for Final course with the Board of Studies; - Collect Study Materials of the Final Course and prepare for Final Examination; - May undergo General Management and Communication Skills Course during last 12 months of articled training while undergoing Final course; and - Complete articled training of 3½ years. (vii) Appear in final examination on completion of the practical training on or before the last day of the month preceding the month in which the examination is held. (viii) Pass Final examination and complete GMCS Course. (ix) Enrol for membership. Career Opportunities For Chartered Accountants Role played by a Chartered Accountant Chartered Accountancy Course offers the students a dream career in the specialized areas of Accounting, Auditing, Corporate Finance, Corporate Laws, Taxation. Chartered Accountants are highly demanded professionals in industry. Chartered Accountants are statutorily recognized audit practitioners. Chartered Accountants are highly demanded and sought-after professionals in the practice of Income-tax, Service-tax and other indirect tax areas. Chartered Accountants are technically equipped to act as management consultants. Chartered Accountants possess adequate knowledge in systems and information technology, which help to excel in the areas such as development of advanced IT systems for the organisations including for the functions of finance and accounting. Independent Professional Practices 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 provides compliance and review services. A CA also acts as a business advisor by providing all kinds of services including the preparation of financial reports, helping the business to secure loans, preparing financial projections and determining the viability of business. As a tax advisor, a CA helps businesses and individuals to comply with tax laws. Management Consultancy Services CAs play a vital role in assisting business and industry to improve the use of their resources, increase their efficiency and achieve their objectives. The breadth of management advisory services rendered by CAs reflect their expertise in diverse areas. Such services include financial management, planning and financial policy determination such as · Preparation of project reports and feasibility studies · Market research and demand studies · Budgeting, inventory management, working capital management · Business policy, corporate planning, organization development, growth and diversification · Organisation structure and behaviour, development of human resources · Systems analysis and design, and computer related services · Advisor or consultant to capital issue · Investment counselling in respect of securities · Corporate Governance Opt for Industry / Government Organisation A CA may prefer to join an industry or governmental department and ultimately hold responsible positions. Many Chartered Accountants hold responsible positions in business or industrial firms as CEOs, Managing Directors, Director (Finance) and Chief Accountants. The average salary works out to be about Rs. 6 lacs per annum. Major details are as below:
Top Recruiters during the February-March-April 2008 Campus Interviews:
Top Ten Remunerations offered during the February-March-April, 2008 Campus Interviews
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