What is CA ?
Ans. CA is Chartered Accountant. This course is conducted by The Institute of Chartered Accountants of India, the professional accountancy body of the country, Estb. 1949, under the Chartered Accountants, 1949, enacted by the Parliament to regulate the profession of Chartered Accountancy in India. The Institute has its head quartered at New Delhi and 104 Branches spread all over the country and many other branches outside India.
Q2. What is the scope after completion of course ?
Ans. Ans: The scope has now become unlimited. A fresh CA now a days demand anywhere in India and abroad, between 4-12 lacs p.a. A CA has the following career options :
Independent Professional Practice :-
As practitioners of public accounting. CAs may start professional practice as a proprietor or join an 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 :-
CA plays a vital role in assisting businesses 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 finacial policy determination such as Preparation of projects reports and feasibility studies Market research and demand studies Budgeting, inventory management, working capital management Business policy, corporate planning, organisation development, growth and diversification
Organisation structure and behavior, development of human resources System analysis and design and computer related services Advisor or consultant to capital issue Investment counseling in respect of securities.
Opt for Industry/Government Organization :-
A CA may prefer to join an industry or governmental department and ultimately hold responsible positions. Alternatively, a CA may take up the job of an educator at a University / College level. Many Chartered Accountants hold responsible positions in business or industrial firms as CEOs, Managing Directors, Director (Finance) and Chief Accountants.
Q3. Who can do CA ?
Ans. Any one can join after clearing Xth and take admission at CA institute but he can appear for CA exams only after appearing in XIIth. To illustrate this point suppose a students clears Xth in June 2007, then he can join CA soon after he got the marks sheets etc. but he can appear in CA entrance exam (known as CA CPT) only after appearing in XIIth i.e. in May 2009. Even non- commerce students can join CA.
Q4. From where to get the prospectus ?
Ans. It can be taken from the nearest office of CA institute. The Delhi Head office is located in Vishwas Nagar. The complete postal address is :
ICAI Bhawan, 52 - 54, Vishwas Nagar, Delhi - 110032,
Phone : 011- 39893990, fax: 011-30210680
Email: nro@icai.org
A Help Line Desk has been established in the Examination Division of the Institute to attend to students' queries relating to examination matters including admit card. The telephone numbers of the "Help Line Desk" are given below:
For Users calling from outside Delhi For Users calling from Delhi
0120 - 3054851 95120 - 3054851
0120 - 3054852 95120 - 3054852
0120 - 3054853 95120 - 3054853
For Users Fax from outside Delhi For Users Fax from Delhi
0120 - 3054841 95120- 3054841
0120 - 3054843 95120- 3054843
E-mail id for your queries related to:
Professional Education - I pe1_examhelpline@icai.org
Professional Education - II pe2_examhelpline@icai.org
Final final_examhelpline@icai.org
Common Proficiency Test (CPT) cpt_exam@icai.org
Information System Audit isa_examhelpline@icai.org
Insurance and Risk Management irm_examhelpline@icai.org
International Trade Law and World Trade Organisation itlwto_examhelpline@icai.org
Other examhelpline@icai.org
The help line desk operates from 10.00 a.m. to 5.30 p.m. during the working days.
Q5. What is the duration of entire course ?
Ans. After the recent changes, now it is only 3& ½ years from the clearance of CA entrance known as CA - CPT examination.
Q6. What are the stages of completion of CA ?
Ans. There are three stages to clear the exam:
Stage I : Appear & clear the CA entrance exam - CA CPT (common proficiency test)
Stage II : Join article training With a CA in practice, join 100 hours compulsory computer training after three months of training & also clear CA Inter, now known as CA PCC (professional competence exam) after specified period of Article Training.
Stage III : After completion of training appear in CA final & become a CA after clearing exams & few other formalities including General Management & communication skills course 15 days course only.
Q7. From where to do article training ?
Ans. It can be done from any CA firm in practice. As such there is no specific requirements regarding this. A student can very well choose, from where he wants to do the training.
Q8. What is the passing % for various stages ? What is the normal result as we have heard that the result is only 2% ?
Ans. 50% marks are required to clear exams at any stage of CA examination. At PCC & final stage minimum 40% is required in each paper & overall 50%. That CA results are only 2% is only a myth. Normally results vary from city to city, exam to exam. But still normally results are well above 40-50%. Moreover CA CPT exams are on every quarterly basis. So even if a student could not clear then he has another chance just in few months.
Q9. Can a non commerce student do CA ?
Ans. Yes, CA institute does not impose any such restriction. In the past we have seen many science students are able to become Chartered Accountants.
Q10. Which stage has objective type questions ?
Ans. Only at CA CPT level we have objective type (multiple choice questions) exam but at the next two stages we have normal exams just like in XII.
Q11. Can we do CA in Hindi medium ?
Ans. Yes. But practically most of the work after completion of CA shall be in English, so it is better to do CA with English medium.
Q12. Which type of computer training is required before completion of ca course ?
Ans. It can be joined after completing three months of article training. It mainly covers application of software relevant for accounting and auditing. In addition, knowledge of Electronics Spread sheet, Data Base Management System, Web technology and System Security and Maintenance are strengthened.
The 100 hours ITT (Information technology training) are carried out through Regional councils and Branches of the ICAI and other accredited institutions which would charge fees in the range of Rs. 3,500 - 4,000 plus applicable service tax.
Can graduation be done along with CA ?
Ans. Only one course can be done along with CA. So definitely graduation can legally done along with CA. Permission regarding this is to be taken from CA institute through filing form no. 112. So if a student joins his college in morning and article training between 2 pm to 8 pm for six days a week then he can do both the things. On Saturdays he should put some extra hours on training.
Q14. Can any other professional course like CS, ICWA etc. be done along with CA ?
Ans. As only one course can be done along with CA, so practically all these cannot be done.
Q15. What is the registration fee for CA CPT & CA PCC / Final courses ?
Ans. : For CA CPT it is only 1,600 including prospectus. Fees is Rs. 7,500 at CA PCC & Rs. 8,500 at CA Final level.
Q16. If we are already Graduate/ post graduate / CS / ICWA etc. whether we are eligible for any exemption in any paper or group ?
Ans. No. You have to clear all the papers of CA.
Q17. What are the subjects in CA ?
Ans. The following subjects are covered by CA CPT the first stage :
Paper 1 :
Part A - Accounts - 60 marks
Part B - Law - 40 marks
Paper II :
Part A - Economics - 50 marks
Part B - Mathematics & Statistics - 50 marks
The following subjects are covered by CA PCC the second stage :
Group I :
Paper I - Accounts - 100 marks
Paper II - Auditing & Assurance - 100 marks
Paper III - Law, Ethics & Business Communication - 100 marks
Group II :
Paper I - Cost & Financial Management - 100 marks
Paper II - Income Tax, Service Tax & VAT - 100 marks
Paper III - Strategic Management & Information Technology - 100 marks
The following subjects are covered by CA final examination the third & final stage :
Group I :
Paper I - Financial Reporting - 100 marks
Paper II - Strategic Financial Management - 100 marks
Paper III - Advanced Auditing & Professional Ethics - 100 marks
Paper IV - Corporate and allied laws - 100 marks
Group II :
Paper I - Advanced Management accounting - 100 marks
Paper II - Information Systems Control and Audit - 100 marks
Paper III - Direct Tax Laws - 100 marks
Paper IV - Indirect Tax Laws - 100 marks
Q18 What is the expected duration of each course ?
Ans. For CPT, the duration of course is approx 3 ½ months, 3 - 4 hours per day, six days a week.
For PCC the duration is approx 6 - 7 months for a batch of 2 hours duration, three days a week and it is approx three months for a four hour duration batch.
Q19. Whether assignments shall be provided by the coaching institute ?
Ans. Yes. For all subjects the assignments shall be provided in booklet form, which will be comprehensive enough to score full marks in exams.
Q20. How to plan the day so that there is no pressure on the student ?
Ans. Students should join morning tuitions and then go article training or college. Similarly in the evening tuitions can be joined. It is not impossible but extremely tough to join the three things simultaneously namely, tuitions, article training & regular college. So as CA is very important, option of non-collegiate for girls, or evening college options should be considered.
Q21. Whether to go for Pass or Hons. ?
Ans. The syllabus of Hons. Exams matches with CA. So if the student is hard working enough he should go for B.Com Hons. If you are choosing correspondence course then B. com pass option is better.
Q22. Whether to go for Regular or correspondence ?
Ans. Along with article training it is really tough to do regular college. So it is better to do article training in a good CA firm & do B.Com from Correspondence.
Q23. When shall be the attempt of CA CPT/ PCC ?
Ans. For CA CPT :
- If a student is preparing during XI, XII then he can appear in May exam immediately after appearing in XII boards.
- If a student is joining after XII then he can give exams in August attempts.
- For others who are XII cleared exam can be given after two months gap, excluding the month of registration.
For CA PCC :
- For students giving CPT exams in May 07 or Aug 07, the attempt shall be in May 09 for both the students. For students giving CPT exams in Nov 07 or Feb 08, the PCC attempt shall be in Nov 09.
For CA Final :
- Exam can be given after completion of article training of 3 ½ years.
Q24. What is the frequency of exams ?
Ans. CA CPT exams are four times a year in Feb, May, Aug & Nov.
CA PCC & Final exams are two times in a year in May & Nov.
Q25. When is the result declared ?
Ans. CA CPT results are declared within 20 - 30 days of exam. CA PCC & final exams results are declared after two months of exam completion date.
Q26. What if the student is weak ?
Ans. He has to take some individual help & get his basics clear. Hard work is any way the key to success
Q27. Whether classes can be taken even before registration with CA institute ?
Ans. Yes. But it is advisable to join NGPA classes after getting yourself registered at CA Institute.
Q28. What to do with modules issued by ICAI ?
Ans. They are also good and can be referred if required. If you are studying at NGPA then our assignments are sufficient enough that nothing is required in addition to that.
Q29. Whether any postal essential tests (ETs) are required ?
Ans. This scheme has been discontinued now.
Q30. Whether any other institute is eligible to conduct CA course ?
Ans. No, Only ICAI is authorised by Govt. of India for this purpose.
Q31. Whether any quota system is applicable in CA ?
Ans. No, Only exam clearance with 50% is the criterion for this purpose.
Q32. Which course is better CA, CS, ICWA, MBA, IAS ?
Ans. Among CA, CS & ICWA, based on demand in market, there is no doubt that CA is better. Chartered Accountants always get better openings and they have brighter future. As far as MBA & IAS is concerned, they are courses to be done after graduation, while CA can be done during schooling & along with graduation. So there is no comparison between these courses. In any case, a CA can very well do IAS or MBA after completing CA.
Q33. How many attempts in maximum to complete CA ?
Ans. Practically no such limit, Means sufficient attempts are allowed.
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