Presentation is loading. Please wait.

Presentation is loading. Please wait.

Chartered Accountancy Global career opportunities through a premier professional Institute Board of Studies The Institute of Chartered Accountants of India.

Similar presentations


Presentation on theme: "Chartered Accountancy Global career opportunities through a premier professional Institute Board of Studies The Institute of Chartered Accountants of India."— Presentation transcript:

1 Chartered Accountancy Global career opportunities through a premier professional Institute Board of Studies The Institute of Chartered Accountants of India New Delhi

2 About the Institute The Institute of Chartered Accountants of India (ICAI) is the premier professional accounting body of the country, established in July, 1949 under the Chartered Accountants Act, 1949, as amended by the Chartered Accountants (Amendment) Act, 2006 enacted by the Parliament to regulate the profession of Chartered Accountants in India. Headquarters in New Delhi. 5 Regional Offices located in Mumbai, Chennai, Kolkata, Kanpur and New Delhi. 121 Branches in India. 344 CPE Chapters/Study Circles/Study Groups in India. 21 Chapters outside India.

3 Career Opportunities for Chartered Accountants Why Chartered Accountancy Course? 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 greatly sought-after professionals in the practice of Income-tax, Service-tax and other indirect tax areas. Chartered Accountants are equipped to act as management consultants.

4 (1) Independent Professional Practice (2) Management Consultancy service/practice (3) Service in industry / Govt. organisation (1) Independent Professional Practice As practitioners of accounting, CAs may start professional practice as a proprietor or join any firm as a partner or staff member. A CA provides compliance and review services, also acts as a business advisor by rendering all kinds of services including the preparation of financial reports, helping the business to secure loans, preparing financial projections and determining the viability of a business in following traditional areas besides practising: (1)Audit (2)Income Tax (3) Service Tax (4) Value Added Tax Career Opportunities for Chartered Accountants

5 (2)Management Consultancy Services A CA plays a vital role in assisting businesses to improve the use of their resources, increase their efficiency and achieve their objectives. The range of management consultancy services rendered by CAs reflect their expertise in diverse areas like  (1) Financial Management (2) Strategic Management (3) Planning and financial policy determination. Career Opportunities for Chartered Accountants

6 (3) Service in Industry/Government Organisation A CA may prefer to join an industry or government department and ultimately hold responsible positions. Alternately, 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 entities as CEOs, CFOs, COOs, Managing Directors, Director (Finance), in the following sectors:- (1)Banking (2)Information Technology (3)Insurance. Career Opportunities for Chartered Accountants

7 CPT Examination Twice a year in June and December Appeared or passed in 12 th standard examination and registered for CPT at least 2 months prior to the first day of the month in which the CPT exam is scheduled to be held. Students appearing in 12th class examination in March 2010 will be eligible to appear in CPT examination to be held in June There is also provision for On-line CPT Examination.

8 CPT Examination For December 2009 examination, students should register for CPT course with the Board of Studies of the Institute on or before 1st October CPT Prospectus containing registration form is available for Rs.100/  from the regional and branch offices of the Institute all over India.

9 CPT Examination After getting registered for CPT course, students are required to fill in CPT examination form separately. For CPT June/December examination, Information Brochure cum Application Form costing Rs.600/  (inclusive of examination fee) would be available from all regional and branch offices of ICAI in the month of April/October onwards. CPT exam Notification/Announcement may be looked for in Newspapers/www.icai.org

10 Pattern of Objective Type Questions One question having four alternative answers. Fill in the blanks having four alternative answers. Small paragraph of two-three lines, followed by a question having four alternative answers. Numerical having four alternative answers (wherever applicable).

11 Fee structure Fee for (i) Indian students residing in India and other SAARC countries and Bhutan (ii) Students belonging to other SAARC countries and Bhutan Rs. 6,000 Fee for (i) students of foreign countries other than SAARC countries and Bhutan (ii) Indian students residing abroad (other than SAARC countries and Bhutan) US$ 350 (approx.)

12 To Qualify as a Chartered Accountant Enrol for Common Proficiency Test (CPT), after passing Class 10 examination Appear and pass in CPT after appearing in (10+2). However, you should pass both CPT and 10+2 before registering for Integrated Professional Competence Course (IPCC) Enrol for Group I or Group II or for both Group I and Group II of IPCC Successfully complete 9 months of Study Course from the date of IPCC registration Successfully complete Orientation Course of one week spanning 35 hours and covering topics, such as personality development, communication skills, office procedures, business environment, general commercial knowledge, etc.

13 To Qualify as a Chartered Accountant Successfully complete 100 hours Information Technology Training (ITT) Appear and pass Group I as well as Group II of Integrated Professional Competence Examination (IPCE) Group I comprises of four papers as under: (1) Accounting (2) Business Laws, Ethics and Communication (3) Cost Accounting and Financial Management (4) Taxation. Group II consists of three papers: (5)Advanced Accounting (6)Auditing and Assurance (7)Information Technology and Strategic Management. Register as Articled Assistant for a period of 3 years, on passing either Group I or both Groups of IPCE.

14 To Qualify as a Chartered Accountant Appear in CA Final Examination during the last 6 months of 3 years of articled training Pass Group I as well as Group II of CA Final Examination Complete 3 years period of articled training Successfully complete the Course on General Management and Communication Skills (15 days) Enrol as a member of ICAI and be eligible to designate yourself as “Chartered Accountant”

15 To become an Accounting Technician (Accounting Technician Course  ATC) Enrol for Common Proficiency Test (CPT) after passing Class 10 exam Appear and pass in CPT after appearing in (10+2). However, you should pass both CPT and 10+2 before registering for ATC. Enrol for ATC Successfully complete 9 months of Study Course from the date of registration for the ATC Successfully complete Orientation Course of one week spanning 35 hours and covering topics, such as personality development, communication skills, office procedures, business environment, general commercial knowledge etc.

16 Successfully complete 100 hours Information Technology Training (ITT) Pass Group I of Integrated Professional Competence Examination (IPCE) Group I comprises of four papers: (1) Accounting (2) Business Laws, Ethics and Communication. (3) Cost Accounting and Financial Management (4) Taxation. Successfully complete one year work experience under a chartered accountant in practice or in industry Get ATC Certificate Designate as “Accounting Technician” To become an Accounting Technician (Accounting Technician Course)

17 To become a CA, even after becoming Accounting Technician Enrol for Group II of Integrated Professional Competence Course (IPCC) Register as an Articled Assistant for a period of 3 years Pass Group II of IPCE Appear in CA Final Examination during the last 6 months of 3 years of articled training Pass both Groups of CA Final Examination Complete 3 years period of articled training Successfully complete the Course on General Management and Communication Skills (15 days) Enrol as a member of ICAI to be eligible to designate yourself as “Chartered Accountant”.

18 Course Structure at a Glance Accounting Technician Course (CPT + ATC) Common Proficiency Test (CPT) Section A – Fundamentals of Accounting Section B – Mercantile Laws Section C – General Economics Section D – Quantitative Aptitude. Accounting Technician Course (ATC) (1)Accounting (2)Business Laws, Ethics and Communication (3)Cost Accounting and Financial Management (4)Taxation (Direct & Indirect Taxes).

19 ATC (CPT + ATC) Accounting Technician Course (ATC) 1. Accounting 2. Business Laws, Ethics and Communication, Part-I Law  Business Laws, Company Law, Part-II Business Ethics, Part-III Business Communication, 3. Cost Accounting and Financial Management 4. Taxation (Direct & Indirect Taxes).

20 Chartered Accountancy Course (CPT + IPCC+ CA Final) Common Proficiency Test (CPT) Section A – Fundamentals of Accounting Section B – Mercantile Laws Section C – General Economics Section D – Quantitative Aptitude.

21 Chartered Accountancy Course (CPT + IPCC+ CA Final) Integrated Professional Competence Course (IPCC) Group-I 1. Accounting 2. Business Laws, Ethics and Communication, Part-I Law  Business Laws Company Law Part-II Business Ethics Part-III Business Communication 3. Cost Accounting and Financial Management Part-I Cost Accounting Part-II Financial Management 4. Taxation (Direct & Indirect Taxes)

22 Chartered Accountancy Course (CPT + IPCC+ CA Final) Integrated Professional Competence Course (IPCC) Group-II 5.Advanced Accounting 6.Auditing and Assurance 7. Information Technology and Strategic Management.

23 Chartered Accountancy Course (CPT + IPCC+ CA Final) CA Final Group-I 1. Financial Reporting 2. Strategic Financial Management 3. Advanced Auditing and Professional Ethics 4. Corporate and Allied Laws.

24 Chartered Accountancy Course (CPT + IPCC+ CA Final) CA Final Group-II 5. Advanced Management Accounting 6. Information Systems Control and Audit 7. Direct Tax Laws 8. Indirect Tax Laws (Central Excise, Service Tax & VAT, Customs).

25 100 Hours Information Technology Training (ITT) The training components would focus on application softwares relevant for accounting and auditing. In addition, knowledge of Electronic Spread Sheet, Data base Management System, Web- technology and System Security and Maintenance are strengthened. The ITT has been linked to theoretical knowledge imparted through Information Technology subject under Group II of IPCC. The training synchronizes theoretical knowledge with practical training.

26 100 Hours Information Technology Training (ITT) The 100 Hours ITT would commence after a student gets registered for IPCC. The 100 hours ITT is conducted through Regional Councils and Branches of the ICAI for which a separate fee is charged. The 100 hours ITT is moduled in 20/40 5/3 hours per day on full time basis.

27 About 100 hrs. Information Technology Training TopicDuration Introduction to Computer1 hr. Operating Systems6 hrs. Introduction to Word Processor – MS-Word hrs. Introduction to Electronic Spread Sheets – MS-Excel hrs. Introduction to Presentation Software – MS-PowerPoint hrs. Data Bases15 hrs.

28 About 100 hrs. Information Technology Training TopicDuration Other Utilities & Office Automation Tools – Outlook hrs. Accounting package20 hrs. Computer Aided Audit Techniques12 hrs. Web Technology & System Security and Maintenance 10 hrs. Introduction to Visual Basic5 hrs. Digital Signature and Verification of Electronic Records 2 hrs. Total100 hrs.

29 Pursue B. Com and M. Com. Courses To facilitate pursuance of graduation and post-graduation courses by the students, ICAI has entered into MOUs with the following Universities: (i) Indira Gandhi National Open University (IGNOU), New Delhi. (ii) Netaji Subhas Open University, Kolkata. (iii) Guru Jambeshwar University, Hisar. (iv) Bharathiar University, Coimbatore for B.Com/BBA, M.Com/MBA.

30 PLACEMENT OPPORTUNITIES Packages offered by different companies in the Campus Interviews conducted during March – April, 2009 Salary Range per annumNumber of Candidates Rs. 9 lacs & above11 Rs lacs to Rs lacs79 Rs. 5 lacs to Rs lacs189 Rs lacs to Rs lacs105 Rs. 3 lacs to Rs lacs11

31 Top Recruiters during March – April, 2009 Campus Interviews Sl. No. Company NameSelected 1.Jaypee Capital Services Ltd.64 2.IOCL40 3.SBI34 4.Genpact28 5.SIDBI18 6.Power Grid Corporation Ltd.18

32 Top Ten Remunerations offered during March – April, 2009 Campus Interviews Sl. No.Company Name Remuneration Offered (Rs. In lacs P.A.) 1. Tolaram Corporation Pvt. Ltd (International Posting) 2. SEBI Power Grid Corporation Nestle India Ltd Jaypee Capital Services Ltd ONGC BPCL Rural Electrification Corporation Ltd IOCL Credit Suisse India Pvt. Ltd PWC 6.32

33 The average salary offered Rs lacs per annum during March – April, 2009 Campus Interviews

34 Trends of Pass Percentages in CA Examination CPT Examination

35 Trends of Pass Percentages in CA Examination Professional Education (Examination-II)

36 Trends of Pass Percentages in CA Examination Professional Competence Examination

37 Trends of Pass Percentages in CA Examination Final Examination

38 Fee Structure for CA Course at a glance as on Common Proficiency Test (CPT) Registration Fee:Rs. 6,000 Exam Fee:Rs Integrated Professional Competence Course (IPCC)* Registration Fee:Rs. 9,000 Exam Fee:Rs. 1, Final Examination Registration Fee:Rs. 8,500 Exam Fee:Rs. 2, Orientation Fee for IPCC students : Rs. 3, hours ITT Fee:Rs. 4, GMCS Fee :Rs. 4,000 TotalRs.38,950 *NOTE: If some one want to do ATC in place of IPCC the fee is as under Accounting Technician Course (ATC) Registration Fee:Rs. 10,000 Exam Fee:Rs. 1,000

39 Minimum Stipend payable per month to articled assistants I yearII yearRemaining period Total during 3-year period Cities/Towns having population of 20 lakhs and above 1,000  12 = 12,000 1,250  12 = 15,000 1,500  12 =18,000 45,000 Cities/Towns having population of above 4 lakhs but less than 20 lakhs 750  12 = 9,000 1,000  12 = 12,000 1,250  12 = 15,000 36,000 Cities/Towns having population of less than 4 lakhs 500  12 = 6,  12 = 9,000 1,000  12 = 12,000 27,000

40


Download ppt "Chartered Accountancy Global career opportunities through a premier professional Institute Board of Studies The Institute of Chartered Accountants of India."

Similar presentations


Ads by Google