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Chartered Accountancy Plus B.com And Computer Application

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Chartered Accountancy(CA) Plus B.Com.Accounting And Computer Application


Overview

CHARTERED ACCOUNTANCY (CA) + B.Com. Accounting & Computer Application

A judicious dual program that aims to facilitate the obtaining of a university degree even while studying for the Chartered Accountancy Course. Although CA is a qualification sufficient in itself, acquiring a degree before one could become a CA is always a practical and profitable option. The coaching for the dual programs is planned and executed in such a manner as to simultaneously and adequately prepare the students for their respective examinations with the greatest economy of time available.

It is generally believed that only students of commerce should pursue CA course. However, CA being a very practical course, the students from science and arts streams can equally benefit and make a successful career. Students of science and arts stream have to make extra efforts in order to understand some complex accounting nuances and have to get basic knowledge of various management topics. But it can be easily concluded that students of science and arts streams can be successful CAs, if they are ready to work hard.

Who is a CA

Who is a Chartered Accountant - CA?

According to ICAI – the Institute of Chartered accountants of India, a Chartered Accountant is “a professional who understands the area of accounting, auditing, corporate finance, project evaluation, the company and other business laws, taxation and corporate governance.”. . . “He/she is a professional member of the national professional accounting body of the country, and in the case of India, this professional accounting body is the Institute of Chartered Accountants of India (ICAI)”.

The Indian Chartered Accountancy Course is the membership qualification course offered by the Institute of Chartered Accountants of India (ICAI).

What is ICAI?

The Institute of Chartered Accountants of India (ICAI) is a national professional accounting body of India. It was established on 1 July 1949 as a body corporate under the Chartered Accountants Act, 1949 enacted by the Constituent Assembly of India to regulate the profession of Chartered Accountancy in India. ICAI is the second largest professional accounting body in the world in terms of membership second only to American Institute of Certified Public Accountants. ICAI is the only licensing cum regulating body of the financial audit and accountancy profession in India

Why choose to do CA?

One of the most coveted professions in India, Chartered Accountancy today has become more accessible to the ambitious hardworking ordinary youth after Plus 2. Earlier, the chartered accountants were confined to book-keeping and their domain restricted to Accounts, Audit, and Taxation. But today, there is no field where Chartered Accountants have not made their need felt - whether it is Portfolio Management, Risk Management, Business Planning or Information System Audit and Environment Audit. Thanks to globalization, the service of Chartered Accountants is sought by all and sundry. Their demand is rising tremendously fast. Fresh CAs are absorbed the moment they qualify.

Benefits of being a Chartered Accountant

• Able to pursue a wide variety of interesting careers. If one’s interest dies in one, he/she can always pick another interesting sector.

• In the business world, a CA is respected and his/her counsel is valued highly

• The most sought after professionals in the finance sector of any industry

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

Career Options

CA CURRICULUM

The unique feature of the chartered accountancy is its curriculum, which is theoretical education with complementary practical training. A student would undergo theoretical education and practical training concurrently from the very beginning. This balanced approach helps the students to appreciate the underlying practical applications of the theoretical education scheme.

Start Early

The latest scheme of CA is designed to encourage young talented students having aptitude for accounting education to make an early entry into the profession.

Common Proficiency Test (CPT)

CPT is an entry level test of four subjects i.e. Accounting, Mercantile Laws, General Economics and Quantitative Aptitude.

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.

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.

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.

B.Com. Computer Application is a demand driven new age vocational course doubling the scope by coupling two most job oriented streams - Accounting and Computer Applications.

Computers have their application or utility everywhere. Computer Programs have been created for almost every sphere of life–to enable greater speed and accuracy in performance and results. Their application, particularly in fields where computations are required to be done at a very fast speed and where data is so complicated, have become the order of the day.

Capabilities

Students acquire basic knowledge in Information Technology and its relevance in the various areas of business.

Students acquire basic knowledge in the various office automation tools and its applications in the various areas of business.

Students acquire basic knowledge in the computerised accounting systems and its applications in the area of business.

Examinations

Every Year – June/July.

Curriculum

Eligibility

The passed/appeared students of 12th/ (10+2) examination are eligible to take admission in Foundation (Entry Level) Part-I of CAT Course.

Last Date for Admission

For June Term Examination 31st January

For December Term Examination 31st July

Medium Standard of Passing

A Candidate of Foundation Course (Entry Level) Part 1 Examination shall be declared to have passed in the Examination if he secures minimum 40% marks in each paper and an aggregate of 50% of total marks in the foundation Course (Entry Level) Part -1 Examination.

Publication of Examination Results

List of successful candidates in an examination will be published in such manner as the council may direct. Mark sheet can be downloaded from the institute website. Candidate passing foundation course (Entry Level)-Part 1 Examination will not be issued with a pass Certificate. Candidate Passing Complete Course in Accounting Technicians will be given Pass certificate subject to completion of required and Orientation Programme. Eligibility to Direct Registration - CMA Intermediate Course

Qualified the Foundation (Entry Level) Part 1 Examination of CAT eligible to get direct admission to Level – 2 (Intermediate Course).

Syllabus

Sub/Code Subjects Max.Marks/T Max.Marks/P Marks/Total
A1 Principles of Business Decision 100 - 100
A2 Business Management 100 - 100
B1 Business Statistics 100 - 100
B2 Accounting 100 - 100
C1 Introduction of Computer 75 25 100
C2 Elementary Database Management System 75 25 100


Sub/Code Subjects Max.Marks/T Max.Marks/P Marks/Total
A3 Capital Market 100 - 100
B3 Advanced Accounting 100 - 100
B4 Costing Methods and Techniques 100 - 100
C3 Programming Fundamentals and C 75 25 100
C4 Internet Tech and Web Applications 75 25 100


Sub/Code Subjects Max.Marks/T Max.Marks/P Marks/Total
A5 Principles of Marketing 100 - 100
A6 Banking Law and Practice 100 - 100
B5 Higher Accounting 100 - 100
B6 Auditing 100 - 100
C5 Computerised Accounting 75 25 100
C6 E-Commerce Tech and Applications 75 25 100

CA Syllabus
Session I

Section A : Fundamentals of Accounting
Section B : Mercantile Laws

Session II
Section C : General Economics
Section D : Quantitative Aptitude

IPCC
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)

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)