Accounting & Commerce

CA or Chartered Accountancy is a fellowship program by Institute of Chartered Accountants of India. It is one of the most demanding qualification in accounting / financial sector in India. There are three Level for Indian CA.Ie:-
1. CPT -Common Proficiency Test
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Is the entry level program.CPT Covers four basic accountancy papers .Ie:-
1.Fundamental of Accounting
2.Mercantile Law
3.Quantitative Techniques
4. Economics
As per new syllabus(2016), two new subjects were included to CPT Program.They are
5. English-General
6. Business Communication
Eligibility : for Appeaing CPT is 12th standard.
2. Integrated Professional Competence Course/IPCC
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Its commonly known as CA Inter. It is the second Level in CA.Those who have passed CPT can apply for IPCC. There are two modules for IPCC Program.
Module -1 :
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1. Financial Accounting
2.Business Law,Ethics and Communication
3.Cost Accounting and Financial Management
4.Taxation
Module -2:-
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1.Advanced Accounting
2.Auditing and Assurance
3.Information Technology and Strategic Management
Passing Requirement is 40% in each subject and 50% together in each group.
3.Final Examination
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This is the last stage of CA.It is one of the toughest examination in India and the world.IPCC Holders must undergo six months practical training to appear for final examinations.
The final has two modules of four subjects. They are
Module -1
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1. Financial Reporting
2.Strategic and Financial Management
3.Advanced Auditing and Professional Ethics
4.Corporate and Allied Laws
Module -2
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1.Advanced Management Accounting
2.Information System,Control and Auditing
3.Direct Tax Laws
4.Indirect Tax Laws
Exemption
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Commerce Graduates with 55% are exempted from CPT Exams and