25 April 2024  Indian Universities Anna University Indian Institute of Technology, Madras Jawaharlal Nehru University (JNU) More ...   Top Colleges Biotechnology Colleges Dentistry Colleges Engineering Colleges More ...   City Colleges Colleges in Mumbai Colleges in Bangalore Colleges in Chennai More ...   Educational Loans State Bank of India Corporation Bank Punjab National Bank More ...   Entrance Exams Engineering Entrance Exams Medical Entrance Exams Common Entrance Exams More ...   Education Abroad Study in Australia Study in Canada Study in Germany More ...   Distance Learning Distance Learning in India Distance Learning in Abroad More ...   Sample Questions GRE Sample Questions CAT Sample Questions IELTS Sample Questions More ...   Career Related Article CGFNS IELTS More ...    Search Colleges Courses   Admission l Add your institute l l News   l Advertise with us Home >> Courses in India >> Courses in India: Accountancy Courses in India: Accountancy The following section describes in detail about Accountancy course, elaborated with reference to the Courses and Eligibility, Job Opportunities, Accountancy Institutes in India and Related Web Links. Accounting is the discipline of planning, budgeting, analyzing, verifying and interpreting of financial transaction. One who practices accountancy is called an Accountant. Skilled accountants exhibit good proficiency in maths and a sound grasp of facts and figures, inauguration, good judgment and analysis. Irrespective of the business situation the demand for financial information is increasing with the emergence of global economy. Courses & Eligibility The field of Accountancy is branched in to two broad streams Chartered Accountancy and Cost and Works Accountancy. Chartered Accountancy The Institute of Chartered Accountants of India (ICAI) is the only institute in the country conducting the Chartered Accountancy course. ICAI has launched a new curriculum shortening the course duration to 4 years and modernising the syllabus. The steps involved to qualify as a CA by 21 years are as follows: 1. Pass class 10th Examination. 2. Register for Common Proficiency Test (CPT) with the Board of Studies of the ICAI. 3. Simultaneously, pursue school education and appear in 10+2 Examination. 4. Appear in CPT Exam. 5. After passing Senior Secondary (12th or 10+2) examination and CPT, register for: a.Practical Training of 3 years duration. b.Professional Competence Course (PCC) c.Information Technology Training 6. Complete Information Technology Training of 100 hours before appearing for PCC. 7. Appear for PCC on completion of 18 months of Practical training. PCC comprise of two Groups of three papers each. 8. Undergo General Management & Communication Skills (GMCS) Course after 18 months of practical training and completion of PCC. 9. Qualify in PCC and complete 3 years of practical training to be eligible to appear in Final Examination. 10. Appear and qualify the Final Examination, which comprises of two Groups of four papers each. 11. Enroll as a member of ICAI and choose to either join employment or set up an office of your own to practice. The updated syllabus for the CA course under new scheme is as follows: Common Proficiency Test (CPT) Common Proficiency Test is an entry level test for Chartered Accountancy Course. This will replace existing Professional Education (Course I) w.e.f., September 2006 Subjects covered in CPT SESSION I (Two Sections Two hours 100 Marks) a) Section A: Fundamentals of Accounting ( 60 Marks ) b) Section B: Mercantile Laws ( 40 Marks ) SESSION II (Two Sections Two hours 100 Marks) a) Section C: General Economics ( 50 Marks ) b) Section D: Quantitative Aptitude ( 50 Marks ) Professional Competence Course (PCC) This is first stage of the chartered accountancy curriculum which will replace the existing Professional Education (Course II) w.e.f., September 2006. Subjects covered in PCC The subjects of PCC are classified into two groups which a student can study and appear in the examination group-wise or both the groups together. Group I Paper 1: Advanced Accounting (100 Marks) Paper 2: Auditing and Assurance (100 Marks) Paper 3: Law, Ethics and Communication Part I: Law (60 Marks) Business Laws (30 Marks) Company Law (30 Marks) Part II: Business Ethics (20 Marks) Part III: Business Communication (20 Marks) Group II Paper 4: Cost Accounting and Financial Management Part I: Cost Accounting (50 marks) Part II: Financial Management (50 marks) Paper 5: Taxation Part I: Income-tax (75 Marks) Part II: Service Tax and VAT (25 Marks) Paper 6: Information Technology and Strategic Management Section A: Information Technology (50 marks) Section B: Strategic Management (50 marks) Final (New) Course Subjects covered in Final (New) Course Group I 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) Section A: Company Law (70 Marks) Section B: Allied Laws (30 Marks) Group II 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) Section A: Central Excise (40 Marks) Section B: Service Tax & VAT (40 Marks) Section C: Customs (20 Marks) Cost and Works Accountancy A Cost Accountant is a person who offers to perform or perform services involving the costing or pricing of goods and services or the preparation, certification of cost accounting and related statements. The statutory Institute of the country that imparts education and conducts qualifying examination for Cost & Management Accountants and regulates and develops the profession is ICWAI(The Institute of Costs and Works Accountants of India). The structure of the new syllabus for Cost and Works Accountancy course is as follows: Fountain Course Paper1: Organization & Management Fundamentals Paper2: Accounting Paper 3: Economics and Business Fundametals Paper 4: Business Mathematics, Statistics Intermediate Course Group I Paper 5: Financial Accounting Paper 6: Commercial and Industrial Laws and Auditing Paper 7: Applied Direct Taxes Group II Paper 8: Cost & Management Accounting Paper 9 : Operation Management and Information Systems Paper 10: Applied Indirect Taxes Final Course Group III Paper 11:Capital Market Analysis & Corporate Laws Paper 12: Financial Management & International Finance Paper 13:Management Accounting -Strategic Management Paper 14:Indirect & Direct - Tax Management Group IV Paper 15: Management Accounting Enterprize Performance Management Paper 16: Advanced Financial Accounting & Reporting Paper 17: Cost Audit & Operational Audit Paper 18: Business Valuation Management Job Opportunities Accounting jobs are available in business sector like banking, media, public service, manufacturing, advertising financial consultancies etc. Chartered Accountants and cost And Works Accountants find jobs in industry private consultancies and government service. Accountancy Institutes in India 1. The Institute of Chartered Accountants of India (ICAI) ICAI Bhawan, Indraprastha Marg, Post Box. No. 7100, New Delhi - 110 002 Telephone: EPABX (011) 39893989. Website: http://www.icai.com Regional Offices: Mumbai, New Delhi, Kanpur, Kolkata and Chennai. 2. The Institute of Cost And Works Accountants of India (ICWAI) 12, Sudder Street, KolKata - 700 016 Phone: 033-2252 1031/34/35,22521602, 22521492 Fax: 91 33 2252 7993 / 91 33 2252 1026 Website: http://www.myicwai.com Regional Offices: Kolkata, Chennai, Delhi and Mumbai. Institutes in India The following are the state wise list of the Accountancy Institutes in India. Andhra Pradesh Chandigarh Delhi Goa Gujarat Haryana Jharkhand Karnataka Kerala Madhya Pradesh Maharashtra Orissa Rajasthan Tamilnadu Uttar Pradesh West Bengal Related Links The institute of Chatered Accountancy of India The Institute of Costs and Works Accountants of India World Association of chatered Accounts Accountancy Magazine

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