CA

The Chartered Accountancy examinations are divided into three levels. They areCommon Proficiency Test (CPT)Integrated Professional Competence Course (IPCC)Final Examination
CPT covers four basic subjects viz. Fundamentals of Accounting, Mercantile Laws, Economics and Quantitative Aptitude. A person can register for CPT after completing Grade 10 and take the exam after completing High School. IPCC or Integrated Professional Competence Course is the second level of Chartered Accountancy examinations. A person can take the IPCC Examination after passing CPT and nine months of study. IPCC has two groups of seven subjects. Group – I consists of four subjects and Group – II of three subjects.
Group I:
Paper 1 : AccountingPaper 2 : Business Laws, Ethics and CommunicationPaper 3 : Cost Accounting and Financial ManagementPaper 4 : Taxation
Group II:
Paper 5 : Advanced AccountingPaper 6 : Auditing and AssurancePaper 7 : Information Technology and Strategic Management
CA Final Examination is the last and final level of Chartered Accountancy Examinations. Any person who has passed both the groups of IPCC, during the last six months of articleship can take the Final Examination. This exam consists of two groups of four subjects each.
Group I:
Paper 1 : Financial Reporting,Paper 2 : Strategic Financial Management,Paper 3 : Advanced Auditing and Professional Ethics,Paper 4 : Corporate and Allied Laws,
Group II:
Paper 5 : Advanced Management Accounting,Paper 6 : Information Systems Control and Audit,Paper 7 : Direct Tax LawsPaper 8 : Indirect Tax Laws.
ICAI conducts CPT exams in June and December, IPCC and Final examinations in May and November each year. Examinations are conducted in major cities in India and other countries. After passing Group – I of IPCC, a candidate must undergo a rigorous 3-year on-the-job training as article or audit assistant, articleship. Only members in practice are entitled to engage such assistants. After passing Group – I of IPCC, a candidate must undergo a rigorous 3-year on-the-job training as article or audit assistant, articleship. Only members in practice are entitled to engage such assistants. Advanced Information Technology Training should be done during third year of articleship but before appearing in Final Examination