Chartered Accountant Course For Graduates

Will you tell me is I can register for the Chartered Accountant Course after completing graduation ?

[Raman Vij]

Yes, a candidate graduate with any stream can register for the Chartered Accountant course . But he/she must fulfill the eligibility criteria.

Eligibility criteria :
If you are graduate in commerce and securing 55% marks then you can register directly in the Intermediate (IPC) Course .You not need to appear in
Common Proficiency Test(CPT).

And if you are not a commerce graduate and wishing to do Chartered Accountant then if you securing 60% marks then you can register directly in the Intermediate (IPC) Course .You not need to appear in Common Proficiency Test(CPT).

CPT test is for the candidate who passed the 12th exam and wishing to do C.A. course.

Chartered Accountant Course having three stages :
Common Proficiency Test(CPT)
IPCC ( 2 GROUPS)
Final examination

Duration of Chartered Accountancy course for graduates
- 2.5 Year minimum.


IPCC subjects:
Accounting
Advanced Accounting
Auditing and Assurance
Law, Ethics and Communication
Cost Accounting and Financial Management
Taxation
Information Technology and Strategic Management

I would like to know the process of application for the Chartered Accountant Course for individuals who have completed Graduate Degree in Commerce?

[Shaleen]

Institute of Chartered Accountants India introduced the Direct Entry Scheme with effect from 1st August 2012 and according to this scheme, students who have completed their Graduation with specified percentage of marks are exempted from appearing for CPT Exams and can directly appear for IPCC Exams i.e. the Intermediate Level.

Direct Entry Scheme for Graduates

The following categories of students are exempted from appearing for CPT:-

Graduates or Post Graduates in Commerce having secured in aggregate a bare minimum of 55% of the total marks or its equivalent grade in the examination held by any recognized University (including Open University) by studying any three papers of 100 marks each out of Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting;
OR

Graduates or Post Graduates other than those falling under Commerce stream mentioned above having secured in aggregate a bare minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University).

Aspirants who have passed the CS Executive Exams held by the Institute of Company Secretaries of India or aspirants who have cleared the CWA Inter Exams conducted by the Institute of Cost Accountants of India.

For the purpose of computation of percentage, the following points have been clarified by ICAI:-

For subjects in which aspirants are only required to obtain passing marks and for which no credits are given by the University, the marks secured in such subjects should not be included while computing the percentage.
Any percentage of half or more should be rounded up to the next whole number.

Registration Fees for Direct Entry Students

Fresh Registration
Requirement of Fee Payable
Registration

1. Students enrolling Registration for both Groups 9000
after Graduation/ Register for Article Registration Fees 2000
Post Graduation Both Groups ATC Fees (Optional) 1000
or
Provisional Payable for undergoing course:-
Registration Orientation Course Fee 3000
ITT Course Fee 4000
2. Students enrolling Register for Registration for both Groups or 9000
after CS Inter/ Group I or Registration for Group I 8000
CWA Inter Both Groups ATC Fees (Optional) 1000
Payable for undergoing Articleship
Article Registration Fees 2000
Payable for undergoing course:-
Orientation Course Fee 3000
ITT Course Fee 4000

Contact Details:

ICAI Bhawan
Indraprastha Marg
Post Box No. 7100
NEW DELHI - 110 002

Phones.. EPABX [+91] (11) 3989 3989
Toll free number for members - 1800 200 2500
Toll free number for students - 1800 200 2501