The Institute of Chartered Accountants of India periodically reviews its scheme of education and training to remain in tandem with developments in the field of education and other changes at the national and global levels. Evolving business and changing environment also demands newer skills from the accounting professionals. There has been a shift from "input-based" to "outcome-based" approach. Accordingly, the scheme of education has been designed and implemented from July 1, 2017.
Under the Scheme of Education
and Training, a candidate can pursue Chartered Accountancy Course either through
(i) Foundation Course Route or (ii) Direct Entry Route.
This is an entry to the CA Course for the candidates who have appeared for class XII examinations.
The ICAI allows the following
candidates to enter directly to its Intermediate Course:
A. Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) and
B. Intermediate level passed candidates of Institute of Company Secretaries of India and Institute of Cost Accountants of India
For further information click on the links given at bottom.
For regulating the profession of Chartered Accountancy, the Institute of Chartered Accountants of India (ICAI) was established under the Chartered Accountants Act. It is one of the largest accounting body worldwide. Chartered Accountancy profession has become a challenging career at the time of industrial and economic growth. we are discussing ca course details in subsequent paragraphs.
For the most up to date information on Chartered Accountancy Course (CA) and Accounting Technician Course (ATC) click here for official website ICAI Chartered Accountancy Course
CA Course comprise of three parts, Common Proficiency Test (CPT), Intermediate (Integrated Professional Competence) examination (IPCC) and the Final Examination.
The Entry level test is named as Common Proficiency Test (CPT) which is a test of 4 hours duration comprising of two sessions of 2 hours each, with a break between two sessions. The test comprises of objective type multiple answer questions only with negative marking for wrong answer.
Intermediate (Integrated Professional Competence) Course (IPCC) is the stage wherein only working knowledge of core and allied subjects to accountancy profession is covered. A student will go through theoretical education and at the same time he will get practical training of three years. The subjects of Intermediate (IPC) Course are classified into two groups. Group1 has 4 papers while Group2 has three papers. A student can take the examination group-wise or both the groups together.
Final Course consists of two groups having 4 papers each designed to impart expert knowledge in various subjects.
Some of the students do not want to complete Chartered Accountancy course and require to exit. These students can exit the course by becoming an ‘Accounting Technician’. Students who have passed Group I level examination of the Intermediate (IPC) Examination after undergoing 100 hours ITT can become ‘Accounting Technician’. However, these students are required to complete 12 months work experience or complete prescribed period of practical training.
CA Course can be pursued by two ways
(i) After passing class 10th examination, students can register for Common Proficiency Course (CPC) and start preparation for CPT.
ii) After appearing in the Senior Secondary Examination (10+2 examination) students can appear in Common Proficiency Test (CPT)
Following students are exempted from CPT. These students can directly take Intermediate (IPC) Course
I. Commerce Graduates/Post-Graduates (min 55% aggregate marks) or Other Graduates/Post-Graduates (min. 60%)
II. Students who have passed Intermediate level examination of ICSI or ICWAI
through CPT route can become a Chartered Accountant approximately in 4 years,
if he/she passes all eligible examinations in first attempt.