The CA course is designed to combine theoretical study with practical training. The Chartered Accountancy course is considered to be the rigorous professional courses both in India and Worldwide with only 3-8 % of the students passing in every attempt in Inter and Final Level.
The CPT or Common Proficiency Test is the first level of Chartered Accountancy examinations in India. A person can register for CPT after completing Grade 10 and take the exam after completing High School (Grade 12). New syllabus will be called as Foundation course. Six subjects of foundation course.
Fundamentals of Accounting
Business Communications and Ethics
IPCC or Integrated Professional Competence Course is the second level of CA examinations. A person can take the IPCC Exam after passing CPT or Direct Entry after graduation. IPCC has two groups of seven subjects.
Business Laws, Ethics and Communication
Cost Accounting and Financial Management
Auditing and Assurance
Information Technology and Strategic Management
CA Final is the last and final level of CA Exams. Any person who has passed both the groups of IPCC, can take this after article ship. This exam consists of 2 groups.
Strategic Financial Management,
Advanced Auditing and Professional Ethics,
Corporate and Allied Laws,
Advanced Management Accounting,
Information Systems Control and Audit,
Direct Tax Laws
Indirect Tax Laws
The Institute of Cost and Works Accountants of India (ICWAI) has entered into a Memorandum of Understanding (MoU) with the Institute of Management Accountants (IMA), USA to enable mutual recognition and cooperation between the two institutes to develop the profession of Management Accountancy for the benefit of their members and students in the pursuit of excellence in education and training and continuing professional development in Management Accountancy.
The Foundation is the first level of CMA(ICWAI) examinations in India. A person can register for Foundation after completing Grade 10 and take the exam after completing High School (Grade 12). Four subjects of foundation course.
Fundamentals of Accounting
Fundamentals of Economics and Management
Fundamentals of Law and Ethics
Fundamentals of Business Mathematics and Statistics
Intermediate is the second level of CMA(ICWAI) exam. A person can take the Intermediate Exam after passing Foundation or Direct Entry after graduation. Inter exams has two groups of eight subjects.
Laws and Ethics
Operations Management & Strategic Management
Cost & Management Accounting and Financial Management
Company Accounts & Audit
CMA Final is the last and final level of CMA Exams. Any person who has passed both the groups of Inter can take this. This exam consists of
Corporate Laws & Compliance
Strategic Financial Management
Strategic Cost Management - Decision making
Direct Tax Laws and International Taxation
Corporate Financial Reporting
Indirect Tax Laws
Cost and Management Audit
Strategic Performance Management and Business Valuation
In India, the Institute of Company Secretaries of India (ICSI) regulates the profession of company secretaries. ICSI is a statutory professional body which has more than 40,000 associate members. Chartered secretaries are employed as chairs, chief executives and non-executive directors, as well as executives and company secretaries. Some chartered secretaries are also known in their own companies as corporate secretarial executives/managers or corporate secretarial directors.
The student who would like to join the Course after 10+2 pass or equivalent has to undergo three stages to pursue the Company Secretaries Course in which Foundation is the first stage. Foundation Program has 4 papers
Business Environment and Law
Business Management, Ethics & Entrepreneurship
Fundamentals of Accounting and Auditing
The Student who have cleared foundation, this will be the second stage. Students who have completed graduation can directly apply to this level. Executive level has 2 modules with 7 papers
Cost and Management Accounting
Economic and Commercial Laws
Tax Laws and Practice
Company Accounts and Auditing Practices
Capital Markets and Securities Laws
Industrial, Labour and General Laws
Students who have cleared both the modules of executive level CS exam can join for final stage of CS Professional.
Company Secretarial Practice
Drafting, Appearances and Pleadings
Financial, Treasury and Forex Management
Corporate Restructuring and Insolvency
Strategic Management, Alliances and International Trade
Advance Tax Laws and Practices
Due Diligence and Corporate Compliance Management
Governance, Business Ethics and Sustainability