Process to become a Chartered Accountant

I have passed class 12th and now I want to become a chartered accountant and for that I want to get the details of process to become a Chartered Accountant so can you provide me that?

[Arun Vats]

As you want to get the details of Process to become a Chartered Accountant sop here it is for you:

Step 1
Candidates firstly have to register for CPT and clear it with minimum of 30% in each subject

CA-CPT is compulsory for students interested to do CA course after 10+2 and Graduates with less than specified marks.

CA-CPT consists of:

Session – I (Two hours – 100 Marks)

Section A: Fundamentals of Accounting (60 Marks)
Section B: Mercantile Laws (40 Marks)

Session – II (Two Sections – Two hours – 100 Marks)

Section A: General Economics (50 Marks)
Section B: Quantitative Aptitude (50 Marks)

Step 2:
Candidates who have passed CPT will now have to give the exam of IPCC

CPT is exempted for those who have passed graduation with minimum of 55% in Commerce and with 60% for the graduation in other field

Group-I consists of following paper/subjects:-

Paper 1: Accounting (100 Marks)

Paper 2: Business Laws, Ethics and Communication (100 Marks)
Law (60 Marks), Business Laws (30 Marks), Company Law (30 Marks)
Business Ethics (20 Marks)
Business Communication (20 Marks)

Paper 3: Cost Accounting and Financial Management
Cost Accounting (50 Marks)
Financial Management (50 Marks)

Paper 4: Taxation
Income-tax (50 Marks)
Service Tax (25 Marks) and
VAT (25 marks)

Group-II consists of following paper/subjects:-

Paper 5: Advanced Accounting (100 Marks)

Paper 6: Auditing and Assurance (100 Marks)

Paper 7: Information Technology and Strategic Management

Information Technology (50 Marks)

Strategic Management (50 Marks)

Step 3
Candidates who have passed IPCC will have to give the finals exam

The registered student has to take CA final exams in two different Groups:-

Group -I consists of following subjects/papers

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Financial Management (100 Marks)

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

Paper 4: Corporate and Allied Laws (100 Marks)

Company Law (70 Marks)
Allied Laws (30 Marks)
Group -II consists of following subject/papers

Paper 5: Advanced Management Accounting (100 Marks)

Paper 6: Information Systems Control and Audit (100 Marks)

Paper 7: Direct Tax Laws (100 Marks)

Paper 8: Indirect Tax Laws (100 Marks)

Central Excise (40 Marks)
Service Tax & VAT (40 Marks)
Customs (20 Marks)

For passing this examination a student needs:-
To obtain at one sitting a minimum of 40% marks in each paper.
A minimum of 50% of the total marks of all the papers.
Paper with 60% marks is exempted.

I want to get admission in Chartered Accountant course and fort that I want to get the details of process to become a Chartered Accountant so can you provide me that?

[Kiran Chandar]

As you want to get the details of Process to become a Chartered Accountant so here it is for you:

Step 1
Candidates firstly have to register for CPT and clear it with minimum of 30% in each subject

CA-CPT is compulsory for students interested to do CA course after 10+2 and Graduates with less than specified marks.

CA-CPT consists of:

Session – I (Two hours – 100 Marks)

Section A: Fundamentals of Accounting (60 Marks)
Section B: Mercantile Laws (40 Marks)

Session – II (Two Sections – Two hours – 100 Marks)

Section A: General Economics (50 Marks)
Section B: Quantitative Aptitude (50 Marks)

Step 2:
Candidates who have passed CPT will now have to give the exam of IPCC

CPT is exempted for those who have passed graduation with minimum of 55% in Commerce and with 60% for the graduation in other field

Group-I consists of following paper/subjects:-

Paper 1: Accounting (100 Marks)

Paper 2: Business Laws, Ethics and Communication (100 Marks)
Law (60 Marks), Business Laws (30 Marks), Company Law (30 Marks)
Business Ethics (20 Marks)
Business Communication (20 Marks)

Paper 3: Cost Accounting and Financial Management
Cost Accounting (50 Marks)
Financial Management (50 Marks)

Paper 4: Taxation
Income-tax (50 Marks)
Service Tax (25 Marks) and
VAT (25 marks)

Group-II consists of following paper/subjects:-

Paper 5: Advanced Accounting (100 Marks)

Paper 6: Auditing and Assurance (100 Marks)

Paper 7: Information Technology and Strategic Management

Information Technology (50 Marks)

Strategic Management (50 Marks)

Step 3
Candidates who have passed IPCC will have to give the finals exam

The registered student has to take CA final exams in two different Groups:-

Group -I consists of following subjects/papers

Paper 1: Financial Reporting (100 Marks)

Paper 2: Strategic Financial Management (100 Marks)

Paper 3: Advanced Auditing and Professional Ethics (100 Marks)

Paper 4: Corporate and Allied Laws (100 Marks)

Company Law (70 Marks)
Allied Laws (30 Marks)
Group -II consists of following subject/papers

Paper 5: Advanced Management Accounting (100 Marks)

Paper 6: Information Systems Control and Audit (100 Marks)

Paper 7: Direct Tax Laws (100 Marks)

Paper 8: Indirect Tax Laws (100 Marks)

Central Excise (40 Marks)
Service Tax & VAT (40 Marks)
Customs (20 Marks)

For passing this examination a student needs:-
To obtain at one sitting a minimum of 40% marks in each paper.
A minimum of 50% of the total marks of all the papers.
Paper with 60% marks is exempted.

Contact Details:
The Institute of Charted Accountants of India
Block A, 29,
Block A,
Sector 62,
Noida,
Uttar Pradesh 201307 ‎
0120 304 5961
India

Map Location:
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