ICAI CA

Commerce

Chartered Accountants

Poona College Of Pharmacy, Erandwane, Pune

ICAI Exam 2021 Eligibility

CPT Eligibility

• Candidates who have passed Class 12 examination from a recognized school/institute are eligible to register for Common Proficiency Test.

• A candidate who registered for Common Proficiency Test 60 days prior to the first day of the month in which CPT examination is to be held i.e. on or before 1st April and 1st October, can appear in the CPT examination to be held in June and December respectively.
• Candidates who are Graduate or Post Graduate in Commerce with a minimum of 55% of total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) with certain subjects OR Graduates or Post Graduates in any other stream having secured a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University) are exempted from passing CPT.

Intermediate (IPC) Eligibility

Eligibility criteria for Intermediate examination is divided into three categories:

Category I:  Candidates who have passed CPT and 10+2/PE I/ Foundation/Entrance Examination.

Category 2 :  Candidates who were already registered for erstwhile Intermediate Examination as per syllabus under paragraph 2 or 2A of Schedule B or Professional Education (Course-II) or Professional Competence Course and converted into Intermediate (IPC) Course/ Accounting Technician Course (ATC)

Category 3: Direct Entry

a) Graduates/Post graduates:

Under this category, those candidates are included who registered for the intermediate course/ATC and also completed or wouldbe completing 9 months of practical training(including study course for a period of 8 months)

Candidates converted from Intermediate/PE II/PCC/IPCC/CPT into the Intermediate (IPC) Course/ATC under this category and also completed 9 months of practical training.

Candidates who registered for Intermediate (IPC) course through CPT route and appeared in the Intermediate (IPC) Examination in one or both groups but did not pass any of the groups, and converted to Intermediate (IPC) under the Direct Entry Scheme.

For Intermediate level examination passed students of The Institute of Cost Accountants of India/The Institute of Company Secretaries of India, eligibility criteria is same as Graduates/Post Graduates.

Additionally, one must ensure that:

• He/She is enrolled for the relevant level(s) of the Intermediate (IPC) Course or/and their registration is valid. Registration to the Intermediate (IPC) course is valid for 4 years.

He/She has undergone a study course, for a period not less than eight months, as may be specified by the Council for the relevant level(s), and can produce a proof of the same when sought. 

CA Final Eligibility

• The candidate who have passed the Intermediate examination or Professional Education Examination – II./PCC/IPCC, are eligible to apply for Final exam.

• The candidate must also have completed 3 years or 3½ years or must be due to complete, as the case may be, of article training as on the date of filling the form.

• The candidate must be serving the last twelve months of articled training including excess leave, if any.

• The candidate must be serving the last six months of articled training including excess leave, if any, and due to complete 3½ years on or before 30th April, 2019. (for PCC stream student)

• The candidate must be serving the last six months of training including excess leave,iIf any, and due to complete 3 years on or before 30th April, 2019. ( for Intermediate IPCC student)

• The candidate must be serving the last twelve months of training including excess leave, if any, and due to complete 3½ years articleship on or before 31st October, 2019. (for students converted from PE-II to PCC  as well as students converted from PE-II to PCC and then to IPCC)

• Candidates who have taken termination are advised to re-register for the balance period of training.

CA course comprises, three levels - CPT, Intermediate and Final. The exam pattern and syllabus for all these three are different.

Here we have shared each level's exam syllabus topic wise:

CPT syllabus:

Fundamentals of Accounting

1.Theoretical Framework

• Meaning and Scope of accounting
• Accounting Concepts, Principles and Conventions
• Accounting Standards – concepts, objectives, benefits
• Accounting Policies
• Accounting as a measurement discipline – valuation principles, accounting estimates

2.Accounting Process
3.Bank Reconciliation Statement
4. Inventories
5. Depreciation accounting
6. Preparation of Final Accounts for Sole Proprietors
7. Accounting for Special Transactions
8. Partnership Accounts
9. Introduction to Company Accounts

Mercantile Law

• The Indian Contract Act , 1872
• The Sale of Goods Act, 1930:
• The India Partnership Act, 1932

General Economics

• Micro Economics: Introduction
• Theory of Demand and Supply
• Theory of Production and Cost
• Price Determination in Different Markets
• Indian Economy – A Profile
• Select Aspects of Indian Economy
• Economic Reforms in India
• Money and Banking

Quantitative Aptitude

• Ratio and proportion, Indices, Logarithms
• Equations
• Inequalities
• Simple and Compound Interest including annuity ? Applications
• Basic concepts of Permutations and Combinations
• Sequence and Series – Arithmetic and geometric progressions
• Sets, Functions and Relations
• Limits and Continuity - Intuitive Approach
• Basic concepts of Differential and Integral Calculus (excluding trigonometric functions)
• Statistical description of data
• Measures of Central Tendency and Dispersion
• Correlation and Regression
• Probability and Expected Value by Mathematical Expectation
• Theoretical Distributions
• Sampling Theory
• Index Numbers

The Intermediate IPC course exam syllabus:

• Accounting
• Business Law, Ethics and Communication
• Cost Accounting and Financial Management
• Taxation
• Advanced Accounting
• Auditing and Assurance
• Information Technology and Strategic Management

Final Examination Syllabus:
 

Group I:

• Financial Reporting
• Strategic Financial Management
• Advanced Auditing and Professional Ethics
• Corporate and Allied Laws

Group II:

• Advanced Management Accounting
• Information Systems Control and Audit
• Direct Tax Laws
• Indirect Tax Laws