(set up by an act of parliament) career counselling group … · 2019-09-17 · the institute of...

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The Institute of Chartered Accountants of India (ICAI) (Set up by an Act of Parliament) A Global Career with endless The Institute of Chartered Accountants of India (ICAI) is a st Statutory body established on 1 July, 1949 by The Chartered Accountants Act,1949 for regulating the profession of Chartered Accountancy in the Country. The Institute functions under the administrative control of the Ministry of Corporate Affairs, Government of India. ICAI has 5 Regional Councils, 164 Branches covering the length and breadth of the country and 34 Chapters abroad. ICAI has grown to cross the mark of 3,00,000 members and more than 8,50,000 active students. It is the premier Accounting Body in the country and the second largest in the World. ICAI is managed by a Council consisting of 40 Members out of whom 32 Members are elected by Chartered Accountants and 8 Members nominated by the Government of India. ICAI is responsible for administering the CA education and training and also all activities relating to CA Students. Chartered Accountancy Course Career Opportunities for CHARTERED ACCOUNTANTS Independent Professional Practice CAs may start independent professional practice. CA provides compliance and review services and expert advice in Income Tax, Indirect Tax & GST etc. CA also acts as business advisor by providing all kinds of services including the preparation of Financial Accounts, Project Reports, Business Strategies, Internal Audit, Risk Assessment etc. ICAI at a Glance Career Counselling Group Opportunities Opportunities Opportunities

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Page 1: (Set up by an Act of Parliament) Career Counselling Group … · 2019-09-17 · The Institute of Chartered Accountants of India (ICAI) (Set up by an Act of Parliament) A Global Career

The Institute of Chartered Accountants of India (ICAI)(Set up by an Act of Parliament)

A Global Career with endless

The Institute of Chartered Accountants of India (ICAI) is a st

Statutory body established on 1 July, 1949 by The Chartered

Accountants Act,1949 for regulating the profession of Chartered

Accountancy in the Country. The Institute functions under the

administrative control of the Ministry of Corporate Affairs,

Government of India. ICAI has 5 Regional Councils, 164

Branches covering the length and breadth of the country and 34

Chapters abroad. ICAI has grown to cross the mark of 3,00,000

members and more than 8,50,000 active students. It is the

premier Accounting Body in the country and the second largest in

the World.

ICAI is managed by a Council consisting of 40 Members out of

whom 32 Members are elected by Chartered Accountants and 8

Members nominated by the Government of India. ICAI is

responsible for administering the CA education and training and

also all activities relating to CA Students.

Chartered Accountancy Course

Career Opportunities for

CHARTERED ACCOUNTANTSIndependent Professional Practice

CAs may start independent professional practice. CA provides compliance and review services and expert advice in Income Tax, Indirect Tax & GST etc. CA also acts as business advisor by providing all kinds of services including the preparation of Financial Accounts, Project Reports, Business Strategies, Internal Audit, Risk Assessment etc.

ICAI at a Glance

Career Counselling Group

OpportunitiesOpportunitiesOpportunities

Page 2: (Set up by an Act of Parliament) Career Counselling Group … · 2019-09-17 · The Institute of Chartered Accountants of India (ICAI) (Set up by an Act of Parliament) A Global Career

Management Consultancy ServicesCAs play a vital role in assisting business and industry to improve the use of their resources. The range of management advisory services rendered by CAs includes financial planning and financial policy determination, Portfolio Management etc.

Employment in Trade and IndustryCAs may prefer to join an Industry or Business or Trade Organisation in Accounts, Finance, Taxation Departments and rise hold responsibale positions as CEOs, CFOs, COOs, Managing Directors etc.

Opportunities in Global ArenaIndian Chartered Accountants have an impressive presence throughout the globe holding eminent positions. Many MNCs as well as KPOs prefer Indian CAs for their expertise in IFRS, International Taxation, International Trade Laws, Accounting in IT environment. Employment opportunities keep increasing year by year as economy grows.

Signature power of CAs

Tax Audit: under Income Tax Act and GST Act.

Statutory Audit: under Companies Act.

Assurance Certificate Services where it is mandatory to get Documents, Reports, Statements certified by Chartered Accountants under various Statues of Central Government, State Governments, Local Authorities, Local Bodies etc.

Recognition of CA Qualification

· For pursuing Ph.D programme by many Indian Universities

· For Doctoral Programme by Indian Institute of Technology (IIT)

· For Fellow Programme in Management by Indian Institute of Management (IIM)

· For appearing in Civil Services Examinations conducted by UPSC

Memorandum of Understanding (MoU)· Entered into MOUs with IGNOU and other Universities

for pursuing Under Graduate & Post Graduate Courses

Mutual Recognition Arrangements (MRA)· Entered into MRAs with leading International Accounting

bodies co-recognizing the courses of each other viz. Canada, Australia, South Africa, Ireland.

To Qualify as a Chartered Accountant

Route I - Foundation Course

Under the Foundation Course Route, the following steps are required:

Page 3: (Set up by an Act of Parliament) Career Counselling Group … · 2019-09-17 · The Institute of Chartered Accountants of India (ICAI) (Set up by an Act of Parliament) A Global Career

Ø Register with Institute after appearing in Class XII examination.

Ø Appear for Foundation examination after four months of study period. The first Foundation examination can be taken in November/May, as applicable, following passing of Class XII examination.

Ø Qualify Foundation Course.

Ø Register with the Institute for the Intermediate Course.

Ø Complete 8 months of Study course.

Ø Appear and pass in either or both Groups of Intermediate Course.

Ø Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before commencement of the practical training.

Ø Register for three years Practical Training on passing either or both the Groups of Intermediate.

Ø Register for the Final Course after qualifying both the Groups of Intermediate Course.

Ø Successfully complete Four Weeks Advanced ICITSS during the last two years of Practical Training.

Ø Appear in Final examination during last six months of practical training.

Ø Complete Practical Training

Ø Become Member.

Route II – Direct Entry Route

The ICAI allows Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks) and Intermediate level passed students of Institute of Company Secretaries of India and Institute of Cost Accountants of India to enter directly to its Intermediate Course. The following steps are required to be undertaken by the eligible Graduates and Post Graduates under this route:

Ø Register with the Institute for the Intermediate course (provisional registration allowed to the students doing Final year of graduation).

Ø Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) before commencement of the practical training.

Ø Register for Three Years Practical Training.

Ø Appear in Intermediate Examination after Nine months of Practical Training.

Ø Qualify Intermediate Course.

Page 4: (Set up by an Act of Parliament) Career Counselling Group … · 2019-09-17 · The Institute of Chartered Accountants of India (ICAI) (Set up by an Act of Parliament) A Global Career

Chartered Accountancy CoursePapers of Foundation Course

Ø Paper 1 : Principles and Practice of Accounting

Ø Paper 2 : Business Laws & Business Correspondence and Reporting

Section A :Business Laws

Section B :Business Correspondenceand Reporting

Ø Paper 3 : Business Mathematics and Logical Reasoning &Statistics

Paper 4 : Business Economics & Business and Commercial Knowledge

Ø Register for the Final Course after qualifying both Groups of Intermediate Course.

Ø Successfully complete Four Weeks Advanced ICITSS during the last two years of Practical Training.

Ø Appear in Final examination during last six months of practical training.

Ø Complete Practical Training.

Ø Become Member

NOTE: Candidates who have passed Intermediate level examination of Institute of Company Secretaries of India or Institute of Cost Accountants of India and enter the CA Intermediate course directly shall be treated at par with Foundation passed students and shall have to undergo the CA course in the manner akin to the Foundation passed students.

Papers of Intermediate Course

Group I

Ø Paper 1 : Accounting

Ø Paper 2 : Corporate & Other Laws

Part I : Business Mathematics and Logical Reasoning

Part II :Statistics

Part I : Business Economics

Part II :Business and Commercial Knowledge

Part I : Company Law

Part II :Other Laws

Page 5: (Set up by an Act of Parliament) Career Counselling Group … · 2019-09-17 · The Institute of Chartered Accountants of India (ICAI) (Set up by an Act of Parliament) A Global Career

Education and Training at a Glance

Become Member of ICAI

Complete Practical Training

Appear in final exam after completion of practical training

and advanced ICITSS

Complete 4 weeks of advanced ICITSS in the last 2 years of practical training

Register for CA Final Course after

passing Both Groups of Intermediate

Register for 3 years of Practical Training (PT)

Complete Four WeeksICITSS before commencement

of Practical Training

Foundation Route Direct Entry Route

Register with ICAI after appearing in Class XII

Examination till June 30/Dec 31

Eligible to appear in Nov/May

after Class XII Exams

Qualify Foundation

Register forIntermediate Course

Appear and pass in either or both groups of

the intermediate

Intermediate students of the Institute of cost accountants of

India or Institute of company secretaries

of India

Commerce Graduate/

Post Graduate (55%)

Other Graduate/Post Graduate

(60%)

Register for Intermediate Course undergo

Four Weeks ICITSS

Join 3 years Practical Training and appear in

Intermediate Exam after9 months of Practical Training

Scheme of Education & Training Chartered Accountancy Course

Ø Paper 3 : Cost and Management Accounting

Ø Paper 4 : Taxation

Group II

Ø Paper 5 : Advanced Accounting

Ø Paper 6 : Auditing and Assurance

Ø Paper 7 : Enterprise Information Systems & Strategic Management

Ø Paper 8 : Financial Management & Economics for Finance

Section A :Income-tax Law

Section B :Indirect Taxes

Section A : Enterprise Information Systems

Section B :Strategic Management

Section A :Financial Management

Section B :Economics for Finance

Page 6: (Set up by an Act of Parliament) Career Counselling Group … · 2019-09-17 · The Institute of Chartered Accountants of India (ICAI) (Set up by an Act of Parliament) A Global Career

Details of Fee

Cost of Prospectus 200Foundation Registration Fee 9,000Total 9,200

`

A FOUNDATION COURSE

Papers of Final CourseGroup IØ Paper 1 : Financial ReportingØ Paper 2 : Strategic Financial ManagementØ Paper 3 : Advanced Auditing and Professional EthicsØ Paper 4 : Corporate and Economic Laws Part I : Corporate Laws Part II : Economic LawsGroup IIØ Paper 5 : Strategic Cost Management and Performance EvaluationØ Paper 6 : Elective Paper (One to be chosen from the list of Elective Papers) 6A Risk Management 6B Financial Services & Capital Markets 6C International Taxation 6D Economic Laws 6E Global Financial Reporting Standards 6F Multi-disciplinary Case StudyØ Paper 7 : Direct Tax Laws & International Taxation Part I : Direct Tax Laws Part II : International TaxationØ Paper 8 : Indirect Tax Laws Part I : Goods and Services Tax Part II : Customs & FTP

Registration Options/Various Charges

B INTERMEDIATE COURSE C FINAL COURSE

Details of Fee

Final Registration Fee 22,000 Registration Fee 15,000 11,000 Students' Activities Fee 2,000 2,000* Registration Fee as 1,000 articled assistant Total 18,000 13,000

Groups-I/II `

*to be paid once

FEE STRUCTURE

BothGroups `

`

D OTHER FEE

a. Integrated Course on Information Technology & Soft Skills (ICITSS)

i. Course on Information Technology 6,500

ii. Orientation Course 7,000

b. Advanced ICITSS

i. Course on Advanced Information Technology 7,500

ii. Management & Communication Skills Course 7,000

`

Earn while you Learn

Classification of the normalplace of service of the articledassistants

first year of training

second year of training

remaining period of training

Cities/Towns having population of 20 lakh and above

2,000 2,500 3,0001.

Cities/Towns having population of 4 lakh and above but less than 20 lakh

1,500 2,000 2,5002.

Cities/Towns having population of less than 4 lakh

1,000 1,500 2,0003.

Stipend to Articled Assistants

CHARTERED AccountancyA highly affordable

course for all !

Stipend payable per month (`)during the

Page 7: (Set up by an Act of Parliament) Career Counselling Group … · 2019-09-17 · The Institute of Chartered Accountants of India (ICAI) (Set up by an Act of Parliament) A Global Career

Top Recruiters during Campus Placement in February-March 2019

CA. Kumar Mangalam Birla• An Indian billionaire industrialist and the Chairman of

the Aditya Birla Group, one of the largest conglomerates in India

CA. Naina Lal Kidwai

• Formerly a Group General Manager and currently the Country Head of HSBC India.

• Whe was awarded with the distinguished Padma Shri for her contributions in the areas of trade and industry.

CA. Rakesh Jhunjhunwala

• An Indian Billionaire Investor and Trade & He is commonly referred as the ‘Warren Buffet of India’.

CA. Harish Salve

• Former Solicitor General of India

• Senior Advocated in Supreme Court.

• He was awarded with the distinguished Padma Bhushan for his contributions in Public Services

PROMINENT CHARTERED ACCOUNTANTS

CA. Piyush Goyal

• Minister of Railways and Commerce, Government of India

CA. Suresh Prabhakar Prabhu

• Former Union Cabinet Minister, Government of India

Campus placements are done two times every year participated by leading Companies and CA Firms. The average salary offered for Feb-March, 2019 recruitment is ̀ 7.43 lacs per annum and the highest domestic salary ̀ 22.50 lacs per annum .

Campus Placement Programme – A Bird’s Eye View

CA. Sudha Balakrishnan

• Executive Director of RBI.

• First ever Chief Financial Officer chosen by the RBI.

Organizations

ICICI Bank Ltd

Infosys Ltd.

S.R. Batliboi & Co. LLP

Accenture Solutions Pvt. Ltd.

Deloitte India

Genpact India Pvt Ltd.

Tata Consultancy Services Ltd.

Pricewaterhouse Coopers Private Limited

The Karur Vysya Bank Ltd

Page 8: (Set up by an Act of Parliament) Career Counselling Group … · 2019-09-17 · The Institute of Chartered Accountants of India (ICAI) (Set up by an Act of Parliament) A Global Career

ICAI Bhawan, A-29, First Floor, Administrative Block, Sector-62, Noida (U.P.), P.C.-201309

E-mail: [email protected], Telephone-0120-3876871 / 886

Secretary, Career Counselling GroupThe Institute of Chartered Accountants of India

CAREER COUNSELLING GROUP, ICAI FOR THE YEAR 2019-20

CA. Nandkishore Chidamber Hegde Central Council Member and Convenor,

Career Counselling Group, ICAI

CA. Prasanna Kumar D.Central Council Member and Deputy Convenor,

Career Counselling Group, ICAI

–: Members :–

CA. Jay Chhaira Central Council Member Surat

CA. Ranjeet Kumar Agarwal Central Council Member Kolkata

CA. Kemisha Soni Central Council Member Indore

CA. Charanjot Singh Nanda Central Council Member New Delhi

Shri Gyaneshwar Kumar Singh Central Council Member New Delhi

President, ICAI

CA. Prafulla P. ChhajedVice President, ICAI

CA. Atul Kumar Gupta