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Chartered Accountancy

At KARE Campus (Knowledge age academy of research and education)



Chartered Accountancy


Overview

A judicious combination of two highly career-oriented programs, KARE offers a three year combo package that is designed to equip the students with a number of managerial skills and also make them proficient in a specific area – Commerce. Chartered Accountancy undoubtedly is one of the most coveted professions in India. No longer considered only book-keepers bending over accounts, audit and taxation files.Today, Chartered Accountants have made themselves indispensible in Portfolio Management, Risk Management, Business Planning and even in Information System Audit and Environment Audit. It is an undeniable fact that with the globalization of the world economy, the scope of Chartered Accountants has become mulitifaceted and more challenging. The market for CAs is growing at a tremendous pace. Fresh qualified CAs are absorbed the moment they enter the market. No candidate who has successfully completed CA is jobless or underemployed. For the very first time in ernakulam we are providing regular coaching classes for CA, CPT and IPCC.We offers the best CPT,IPCC and CA Final classes in ernakulam at present. We assure you of dedicated service of well experienced CA Faculties from all over Kerala

Career Options

• Chartered Accountants with multifaceted skills can pursue a wide variety of interesting careers. If your interest wanes in one, you can always shift to another.

• In the world of business, you are respected and your counsel is eagerly sought after on a wide range of issues.

• The most sought after professionals in the finance sector of any industry,there is a great demand for dynamic young chartered accountants in the financial domain.

• Opportunities to work overseas as the degree is recognized globally.

• Being a globally recognized qualification, it is ideal for ambitious youngsters aspiring for lucrative placements in globalized Industries.

• Cheaper and affordable for the common man when compared to other professional courses.

• 100% job opportunity. No CA is jobless in India while the number of doctors and engineers or even MBAs unemployed or underemployed is on the rise.

Curriculum

Eligibility

A Pass in Higher Secondary Examination of the State or an Examination accepted by the University as equivalent thereto provided candidates coming from Non-Commerce group should have atleast 45% of the aggregate marks

Certification : Institute of Chartered Accountants of India

CPT Route

CPT Route

CA--Final CA Final covers advanced application knowledge of core subjects like financial reporting, strategic financial management, advanced management accounting, advanced auditing and professional ethics and information systems control and audit. In addition, principles of e-governance, corporate and allied laws, international taxation and VAT are important features of the updated subject contents.

Curriculum for Final 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)

Integrated Professional Competence Course (IPCC)

This is the first stage of CA curriculum wherein only working knowledge of core and allied subjects to accountancy profession is covered. The subjects of IPCC are classified into two groups which a student can study and take the examination group-wise or together. IPCC is designed to improve knowledge of accountancy linked to accounting standards to build strong foundation for developing knowledge of financial reporting at the final stage. Subjects for study in Intermediate (Integrated Professional Competence) Course (Effective from May, 2013 Examination)

Group I

Paper 1: Accounting (100 marks)

Paper 2: Business Laws, Ethics and Communication (100 marks)

Part I: Business Laws (60 marks) comprising

Business Laws (30 marks)

Company Law (30 marks)

Part II: Ethics (20 marks

Part III: Communication (20 marks)

Paper 3: Cost Accounting and Financial Management (100 marks)

Part I: Cost Accounting (50 marks

Part II: Financial Management (50 marks

Paper 4: Taxation (100 marks

Part I: Income-tax (50 marks)

Part II: Service Tax (25 marks) and VAT (25 marks)

Group II

Paper 5: Advanced Accounting (100 marks)

Paper 6: Auditing and Assurance (100 marks)

Paper 7: Information Technology and Strategic Management (100 marks)

Section A: Information Technology (50 marks)

Section B: Strategic Management (50 marks)

The level of knowledge expected of students in the above subjects is ‘working knowledge’.

Article-ship

The students after passing Group I of IPCC will register for Articleship for a period of three years with experienced CAs. During the training time, articles learn the technical details of the work and as time passes, they are given larger assignments with less supervision. All articled clerks are paid a stipend depending on their city's population.

CPT Overview

This is the entry level i.e. Lowest/First level at which a student can start pursuing the Chartered Accountancy (professional accounting) course.

The CPT (Common Proficiency Test) is an objective type examination of 4 hours duration divided into 2 sessions of 2 hours each.

Each session consists of two subjects with total marks of 100. The examination is a multiple choice examination with negative marking.

To qualify at the CPT, a student has to obtain a total of 50% marks in all the papers together.

Eligibility : Plus Two

Subjects

Session I

Section A : Fundamentals of Accounting

Section B : Mercantile Laws

Session II

Section C : General Economics

Section D : Quantitative Aptitude

*A candidate is required to secure at one sitting, a minimum of 30% marks in each section and a minimum of 50% marks in aggregate of all the four sections to pass the CPT

Section Subjects Max.Marks Min.Marks
A Fundamentals of Accounting 60 18
B Mercantile Laws 40 12
C General Economics 50 15
D Quantitative Aptitude 50 15