Sunday, August 9, 2015

CA Selection Procedure

CA is divided mainly into three segments:
Foundation Course:CPT- Common Proficiency Test, which is the entrance exam for the program is held twice every year in the months of June and December. To appear in the exam candidates have to first register for the programand to clear it a minimum 30% score in all sections along with a minimum aggregate of 50% is required.
Intermediate Course: After successful completion of +2 exam and CPT, candidates are eligible for the registration for IPCC (Integrated Professional Competence Course). Students can choose from two options, either Group I and/or Group II. A minimum nine months of study period is required after the completion of CPT for appearing in Group exams.
The orientation course is for one week with thirty five hour credit covering areas like office procedure, general commercial knowledge, communication skills, business environment etc. After completing the orientation course, a candidate has to gain competence in IT (Information Technology), hundred hours of Information Technology Training (ITT) has to be completed by the candidate, followed by the article ship.
Group I has four papers and Group II has three papers. This is the intermediate test commonly known as IPCE (Integrated Professional Competence Examination).
Graduate candidates who have scored 50 % marks in subjects- Auditing and Commercial Accounting and Mercantile law and graduates from other disciplines with a minimum of 55% marks can appear directly in IPCC without having to appear in the foundation course.
On successfully passing either both groups combined or Group I alone of Integrated Professional Competence Examination students can register as Article Assistants for a Three year period.
Final Course: Students can join CA final Course while still serving as Article Assistants. In the last 12 months of Article training candidates have to undergo a 15 day course on General Management and Communication skills (GMCS). GMCS can also be done after taking the examination.
Candidates can take their final examinations on completion of the three year article ship or while serving the last six months of the training.
On acquiring the ICAI membership, candidates will be designated as Chartered Accountants.

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