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At KARE Campus (Knowledge age academy of research and education)
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 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.
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.
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.
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 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.
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.
Every Year – June/July.
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).
|A1||Principles of Business Decision||100||-||100|
|C1||Introduction of Computer||75||25||100|
|C2||Elementary Database Management System||75||25||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|
|A5||Principles of Marketing||100||-||100|
|A6||Banking Law and Practice||100||-||100|
|C6||E-Commerce Tech and Applications||75||25||100|
Section A : Fundamentals of Accounting
Section B : Mercantile Laws
Section C : General Economics
Section D : Quantitative Aptitude
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)
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
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)
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)