Chartered Accountancy is offered by "The Institute of Chartered Accountants of India" (ICAI). It has always been an essential professional qualification; people have an idea of a brilliant, bright and knowledgeable character the moment you say you are a qualified CA, it is a significant course in the field of accounts and finance which pays way to various career options prevailing in the financial domain. CAs are in high demand for almost every business for corporate auditing, taxation, accounting, and other legal counsel.
Chartered Accountants with their education, training, analytical mind and experience are best to qualify to provide multiple need-based services to the society, they can do full justice, not only in matters relating to corporate taxation, costing, management, financial reporting, company legislation, auditing, statutory procedures, and budgetary policies.
If you are concerned about great prospects, financial stability, professionalism, reputed degree, significant knowledge base in finance and accounts then CA coaching in Chennai is a perfect profession to start with.
The Institute of Chartered Accountants of India (ICAI) has recently revised the curriculum to make aspirants more competitive worldwide. The revised scheme of Education and Training for the CA Foundation Course came into effect from 1st July 2017.
As per the changes, the three levels are
The CA exam will be held in May and November every year. The course is not new but revised. Besides, the Foundation exam will be both descriptive and objective. Under the new scheme, a student must achieve 40% in all the subjects and 50% marks in aggregate.
1. The first step is to clear the CA Foundation (previously called as Common Proficiency Test - CPT). You can register for this with ICAI post your 10thStd. but you are only eligible to write the exams once you clear your 12th Std. or HSC.
a. The A Foundationis exempt if you are already a commerce graduate with >55% marks
b. It is also exempt for non-commerce graduates with >60% marks
2. The second step is to enrol for the CA Intermediate (previously called as Integrated Professional Competency Course - IPCC)
a. Students need to undergo an orientation program, 100 hours of Information technology training and 8 months of studying (called foundation course)
b. Students can then appear for Group 1 and /or Group 2 examinations of the CA Inter
c. They also need to complete General Management and Communication Skills course – Part 1.
d. Once they clear Group 1 and 2 exams, they are eligible for a 3 year articleship with a firm
3. The third step step is to enrol for the CA Final exams
a. The exam can be attempted when 6 months of articleship are remaining.
b. Students also need to complete Advance Information Technology Training and General Management and Communication Skills – Part II, if not completed earlier, before the final exam
4. The fourth step is to Acquire Chartered Accountant Membership.
a. After completing all the exams and three years of articleship training, successful candidates may acquire ICAI membership.
b. You can get the membership by registering with the ICAI, after that you will be eligible to use the title of "Chartered Accountant".
CA has three levels they are:
CA (Chartered Accountancy) course conducted by the ICAI (Institute of Chartered Accountants of India). This is the entry-level course for any student intending to take up the chartered accountancy course. This course has been revised in 2017, below is the revised new syllabus.
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Number of Papers – 4
1. Paper 1: Principles and Practices of Accounting
2. Paper 2: Business Law & Business Correspondence and Reporting
a. Section A: Business Law
b. Section B: Business Correspondence and Reporting
3. Paper 3: Business Mathematics and Logical Reasoning & Statistics
a. Part I: Business Mathematics and Logical Reasoning
b. Part II: Statistics
4. Paper 4: Business Economics & Business and Commercial Knowledge
a. Part I: Business Economics
b. Part II: Business and Commercial Knowledge
5. Paper 3 and Paper 4 will be Objective type papers
1. Passing percentage: Aggregate- 50% and Subject-wise- 40% at one sitting.
2. Examination: In November and May after passing Class XII
The CA Intermediate is the second stage of being a CA. This is also conducted by the Institute of Chartered Accountants in India (ICAI)
Enroll yourself in CA intermediate coaching in Chennai.
Number of Papers – 8
1. Paper 1: Accounting
2. Paper 2: Corporate Laws & Other Laws
a. Part I: Corporate Laws
b. Part II: Other Laws
3. Paper 3: Cost and Management Accounting
4. Paper 4: Taxation
a. Section A: Income Tax Law
b. Section B: Indirect Tax Laws
1. Paper 5: Advanced Accounting
2. Paper 6: Auditing and Assurance
3. Paper 7: Enterprise Information System & Strategic Management
a. Section A: Enterprise Information System
b. Section B: Strategic Management
4. Paper 8: Financial Management & Economics for Finance
a. Section A: Financial Management
b. Section B: Economics for Finance
The third level of the CA (Chartered Accountancy) course conducted by the ICAI (Institute of Chartered Accountants of India) is identified as Final.
Enroll yourself in CA final coaching in Chennai
There are eight papers in CA Final from 2016. Changes in CA Final course from below.
Number of Papers – 8
1. Paper 1: Financial Reporting
2. Paper 2: Strategic Financial Management
3. Paper 3: Advanced Auditing and Professional Ethics
4. Paper 4: Corporate Laws and other Economic Laws
1. Paper 5: Strategic Cost Management and Performance Evaluation
2. Paper 6: Elective Paper (One of the Elective Papers to be chosen by the candidates)
a. Risk Management
b. International Taxation
c. Economic Laws
d. Financial Services & Capital Markets
e. Global Financial Reporting Standards
f. Multidisciplinary Case Study
3. Paper 7: Direct Tax Laws & International Taxation
a. Part I: Direct Tax Laws
b. Part II: International Taxation
4. Paper 8: Advanced Indirect Tax Laws
Chartered accountancy is a professional degree course which offers a lot of career options and opportunity with the best salary in hand. Below describe career options.
If you have a dream to build a career in accountancy, finance, and business, then Chartered Accountant is the best choice. As a chartered accountant, you will learn what is required to make a business keep running. CAs play a significant role, and they have a fantastic career too. The chartered accountancy also provides a perfect way to set up your own business.
It is a wise idea to enroll yourself in a CA coaching center in Chennai and get succeeded in your life.
Cost & Management Accountant is a reputed certification given by the Institute of Cost Accountants of India (ICAI), India. People usually get confused between various terms like CMA, ICMAI, CWA, and ICWAI. The Institute of Cost & Works Accountants of India (ICWAI) has changed its identity into The Institute of Cost Management Accountants of India (ICMAI). ICWA course has been renamed as CMA course. Therefore, technically there is no difference between ICWAI and CMA, they are the same.
CMA is one of the toughest professional exams in India and usually has a pass percentage between 5% to 25%. CMA is gaining popularity among commerce students who are contemplating to be professionals in accounting & finance domain due to its immense industry recognition.
This article will give a clear understanding about CMA course details, syllabus, career prospects and so on.
Any candidate can apply for this course after qualifying the CMA Intermediate course.
Please note the due date / last date scheduled for fulfilling the particular requirements for appearing in the June and December term examination respectively. The dates for June 2020 and Dec 2020 have been changed due to Covid-19 and new dates announced can be seen in our blog.
The Institute of Cost Accountants of India has the current syllabus which was published in 2016. Below are the CMA Subjects as per 2016 Syllabus.
Number of Papers – 4
Paper 1: Fundamentals of Economics and Management
Paper 2: Fundamentals of Accounting
Paper 3: Fundamentals of Laws and Ethics
Paper 4: Fundaments of Business Mathematics & Statistics
Number of Papers – 8
Paper 1: Financial Accounting
Paper 2: Laws & Ethics
Paper 3: Direct Taxation
Paper 4: Cost Accounting
Paper 5: Operations Management & Strategic Management
Paper 6: Cost & Management Accounting and Financial Management
Paper 7: Indirect Taxation (Including Customs Act)
Paper 8: Company Accounts & Audit
Number of Papers – 8
Paper 1: Corporate Laws & Compliance
Paper 2: Strategic Financial Management
Paper 3: Strategic Cost Management – Decision Making
Paper 4: Direct Tax Laws and International Taxation
Paper 5: Corporate Financial Reporting
Paper 6: Indirect Tax Laws & Practice (Including Customs Act)
Paper 7: Cost & Management Audit
Paper 8: Strategic Performance Management and Business Valuation
Complete Computer Training - 100 hours.
Complete Communication and Soft Skills Training (CSS) - 3 days
Complete Industry Oriented Training Programme (IOTP) - 7 Days
Practical training has to be undergone by all students for a duration of 15 months. Students can undergo the practical training after registration into Intermediate course or before appearing for final examination.
CMA Certification is an ultimate opportunity to get better-paying jobs. According to the recent survey, CMA certification holders earn 30% more than the non-certified counterparts.
CMA students get opportunities across all areas of an organisation from planning, decision support and control function. They hold designations like CFO, CTO, Treasurer, VP (Finance), Controller, Finance Manager, Internal Auditor, Budget Analyst, Financial Analyst, Corporate or division planner, Senior Accountant, Cost Accountant, Staff Accountant, etc.
Top Fortune companies all over the world have CMAs in their key management. There is a lot of diverse opportunities for CMA Students in India and abroad. The salary of a CMA usually starts from ₹5,00,000 per annum for an entry-level jobs and goes upto ₹30,00,000 to ₹50,00,000 per annum for senior level CMA job profiles.
Therefore, it’s worth investing your early age time to gain the required skills and certification. Hence it is proved that investing in CMA certification provides an ample opportunity to enjoy a successful career.
Improving cost efficiency
Resource and performance management
Financial reporting and strategy
Cost audit and assurance
Direct and indirect taxation
Internal audit and management audit
The last dates for registration fall at least four months prior to the month in which examination is held. See below ICMAI or CMA Foundation registration last dates.
ICMAI or CMA Foundation Registration Last Dates
For June Examination of the same calendar year = 10th Feb 2020
For December Examination of the same year = 31st July 2020
The June 2020 and Dec 2020 dates have been changed due to Covid-19 impact. Please refer to our blog for more details.
Read below ICMAI or CMA Foundation, Inter and Final Fee Details
Institute Course Fee
Foundation = ₹ 4,000
Inter = ₹ 20,000
Final = ₹ 17,000
Inter fees can be paid either in full or as two installments.
Students who intend to pursue CMA can register in ICMAI website for CMA Foundation or Inter or Final. The following details are needed to proceed with the Registration process.
Once the registration is successful and registration number is generated, the study materials will be dispatched. The online study materials and free video lectures can be accessed in our app.