Final

UNLEASING THE
POWER WITHIN YOU
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“Thinking is the capital, Enterprise is the way,
Hard Work is the solution”
A.P.J. Abdul Kalam, Ignited Minds
2

CHARTERED ACCOUNTANTS
learn, unlearn & relearn
5

Desired level of knowledge is Basic
Knowledge
 An objective type examination of 200 questions with 1
mark each.
 It has 4 subjects for study.
 There is negative marking of 25% for wrong answers.
 Blank answers fetch zero marks and correct answers fetch
one mark.
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Registration
 A student who has passed class 10th examination may
register with the Board of Studies of ICAI.
 Student must register for CPT at least 60 days prior to the
examination.
 The student can however appear for the CPT examination
only after appearing for 10+2 examination.
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Examination & Passing Criteria
 The examination is generally being conducted on second
Sunday of June and December of every year in physical
mode across India.
 Student needs to score 30% marks in each subject and 50%
of total marks to pass CPT exam.
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Exemption from CPT :
 Graduate or Post Graduate from Commerce stream having
secured at least 55% marks in aggregate with specified
subjects is exempted from appearing in CPT.
 Non Commerce Graduates if they have at least 60% of total
marks and Students who have passed Intermediate
examination conducted by Institute of Cost Accountants of
India or Institute of Company Secretaries of India.
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About Intermediate Course
 The Intermediate (Integrated Professional Competence)
Course comprises of seven subjects divided in two groups.
 Group I comprises of four Subjects
 Group II of three subjects.
 Desired level of knowledge is Working Knowledge.
CA. Deepak Tiwari - 9819868626
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Who can register?
 Category A Student who has passed CPT and 10+2
examination
 Category B Graduate or Post Graduate from Commerce /
Non Commerce stream exempted from CPT as above.
 Category C Students who passed Intermediate exam of
Institute of Cost Accountants of India or Institute of
Company Secretaries of India
CA. Deepak Tiwari - 9819868626 15

Provisional Registration :
 Students who are pursuing the Final year of Graduation
Course shall be eligible for provisional registration to the
Intermediate (Integrated Professional Competence) Course.
 Such students would be required to submit 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 period of provisional registration student can undergo
Information Technology Training and Orientation Course.

Eligibility to appear in Intermediate
(Integrated Professional Competence) Exam
For students coming from CPT route
(i.e. Category A)
 Pass CPT Examination.
&
 Pass 10+2 i. e. HSC examination.
&
 Register with IPCC course at least 8 months before
examination.

(Integrated Professional Competence) Exam
For Commerce / Non Commerce Graduates
(i.e. Category B)
 Complete 9 months of practical training i.e. Articleship.
&
 Register for the Intermediate (Integrated Professional
Competence) Course at least 9 months before exam.

(Integrated Professional Competence) Exam :
For Students of other Professional bodies
(ICWAI or ICSI) (i.e. Category C)
 Registered for the Intermediate (Integrated
Professional Competence) Course at least 8 months
before exam.

Passing Criteria :
 A student needs to secure 40% marks in individual subjects.
&
 Needs to score aggregate of 50% marks in order to pass
IPCC examination.
Practical training (Articled Training) :
 3 years of Articleship with Practicing Chartered Accountant
as part of course structure.
 During Articleship students have to undergo 2 General
Management and Communication Skills (GMCS) Programme
of 15 days each with ICAI itself.
 Articleship can be done anywhere in India.

For Category A :
 Articleship will start only after passing Group – I
OR
 Both Groups of the IPCC Course.
&
 Completion of 100 hours Information Technology
Training (ITT).
&
 35 hours Orientation Course with ICAI.
 Student can appear for Group II exam during
Articleship if already not cleared.

For Category B :
 Eligible for admission to three years articled
training, on completion of 100 hours Information
Technology Training (ITT).
&
 35 hours Orientation Course with ICAI

For Category C :
 Eligible for admission to three years articled
training on passing Group – I.
OR
 Passing both Groups of IPCC Examination.
&
 Completion of 100 hours Information
Technology Training (ITT)
&
 35 hours Orientation Course with ICAI

Students are expected to have Expert
Knowledge of Subjects.
 CA Final comprises of 8 subjects divided in Two Groups with Four
subjects each.
 A student can appear for the final examination only after passing
both groups of the IPCC Course and completion of 2.5 years Article
ship.
 Passing criteria is similar to the Intermediate (Integrated Professional
Competence) Course.

Chartered Accountancy
A Challenging Profession offers practice or job
opportunities in the areas of –
 Accounting
 Auditing
 Corporate finance
 And other business laws, taxation and corporate
governance.

 Independent Professional Practice :
 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.
 May acts as a business advisor by providing financial
reports, helping the business to secure loans, preparing
financial projections, etc.

 Management Consultancy Services :
 Play a vital role in assisting business and industry to
improve the use of their resources.
 Increase their efficiency and achieve their objectives.
 Services like financial management, strategic
management, planning and financial policy
determination, etc.

 Opt for Industry/ Government Organization
 Join an industry or government department and ultimately
hold responsible positions.
 Industrial firms as CEOs, CFOs, COOs, Managing Directors,
etc.

 Chartered Accountancy is a unique profession.
 It combines analytical requirements and intuitive genius
with updated general awareness.
 Passing the arduous ICAI course, helps him to develop
tremendous self respect and boosts his confidence in his
abilities.

A Chartered Accountant derives further
benefits as listed below
 Positions like top
Executives, Trustees, Directors, Consultants, and Auditors.
 Substantially large pay packages, if the CA opts for service.
 Large emoluments/fees if the CA opts for practice.
 A leverage to end up in top management of MNC's and
other organizations.

 The ability to handle large and small business with
efficient planning.
 A very high recognition and status in the society.
 A fame and name renowned as one of the society’s
intellectuals.
 The capacity to be an efficient organizer.
 The resultant material wealth and well-being.

 It can be a stressful job as the responsibilities are
enormous and there is no scope for any errors.
 Regular update of knowledge is a must otherwise it may
lead to stagnation in career.

Sr.
No.
Course Expenditure Head
1. CPT ICAI CPT Registration Fee 6000.00
ICAI Exam Fee 1000.00
Cost of Books & Stationery 2000.00
Classes or Tuition Fee 30000.00 39000.00
2. INTER (IPC)
COURSE
ICAI Registration & Exam
Fee, orientation, ITT etc.
21000.00

Sr.
No.
3. CA Final ICAI Registration & Exam Fee 10000.00
4. Stipend Year 1 of Articleship @ Rs.
2,000 p.m.
24000.00
Year 2 of Articleship @ Rs.
3,000 p.m.
36000.00
Year 3 of Articleship @ Rs.
4,000 p.m.
48000.00 108000.00

Sr.
No.
Total Amount of Expenditure (1+2+3) 178000.00
Other Fess 2000.00
Total Expenditure 180000.00
Total Stipend received 108000.00
Final course expenditure 72000.00
Net Annual cost of CA course (72000/4) = 18000.00

CA. Deepak Tiwari
ACA, CS (Final Year), Bcom
www.facebook.com/cadeepaktiwari
www.twitter.com/cadeepaktiwari
www.facebook.com/Taxvillage
41

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