CA Result May 2010 | ICAI Result May 2010 | CPT Result June 2010

CA Result May 2010 | ICAI Result May 2010 | CPT Result June 2010 | CA CPT Result May/June 2010 | www.caresults.nic.in

The Institute of Chartered Accountants of India Published Common Proficiency Test (CPT) and CPT New Course Final Examination May/June 2010 Result

Click Here To Common Proficiency Test June 2010
CPT Final (New Course) May 2010

Chartered Accountancy Course or Membership Course

Chartered Accountancy Course is considered as one of the toughest and quality course availablle as on date.[7]. As per the new scheme of education [8], the Chartered Accountant course is divided into three levels.Any person who wants to become a member of ICAI has to pass the following three levels of examinations and complete three years of Articled Training under a Practicing Chartered Accountant:

1. CPT (Common Proficiency Test)(Two Sessions of two subjects each)
2. IPCC (Integrated Professional Competence Course) (Two groups of four and three papers respectively)/
3. Final Exam (Two groups of four papers each)

The Syllabus new CA Final course is as follows:

Group I

1. Paper 1: Financial Reporting (100 Marks)
2. Paper 2: Strategic Financial Management (100 Marks)
3. Paper 3: Advanced Auditing and Professional Ethics (100 Marks)
4. Paper 4: Corporate and Allied Laws (100 Marks)-Section A: Company Law (70 Marks)-Section B: Allied Laws (30 Marks)

Group II

1. Paper 5:Advanced Management Accounting (100 Marks)
2. Paper 6: Information Systems Control and Audit (100 Marks)
3. Paper 7: Direct Tax Laws (100 Marks)
4. 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)

Students are also allowed to undergo industrial training for a maximum period of 1 year in lieu of Articled Training. ICAI conducts CPT, IPCC and Final examinations in May and November each year at exam centres in major cities/regions in India and also abroad namely Abu Dhabi (U.A.E) , Dubai (U.A.E), Kathmandu (Nepal) etc. . With the introduction of the CPT in 2007, the CA course has become more popular among Indian students. It is interesting to see that Chartered Accountants teaching Chartered Accountancy students between 9.30 AM and 5.30 PM amounts to professional misconduct and proceedings in accordance with Section 21 read with 22 will be initiated against such members[9]. ICAI has also introduced Accounting Technician Certification[8] with the introduction of Integrated Professional Competence Course. Any person who passes Group-I of IPCC and completes one year practical training under a practicing or non-practicing member can apply for Accounting Technician Certification and designate himself as a Accounting Technician. Its being criticized that ICAI is making more students pass CPT and students are not able to pass next level. ICAI is earning a lot from this in the form of examination fees etc..

ICAI has entered into agreements with various universities like Nethaji Subash University and Bharathiar University to help the CA students acquire a undergraduate Degree easily. Accordingly any person who has passed IPCC can easily acquire a Bachelor of Commerce Degree just by writing a few papers.