CA/ CS/ ICWA

Courses Offered:

  • CA (Charted Accountancy)
    • CPT (Common Proficiency Test)
    • IPCC (Integrated Professional Competence Course)
    • Final
  • CS
  • ICWA

About CA

Chartered Accountancy is a dream profession for every Commerce student. It is a challenging profession that offer Self-Practice or job opportunities in the area of Accountancy , Auditing, Corporate Finance Project evaluation, Company & Business laws, Taxation, Corporate governance and several other areas. The CA course provides a multi-faceted perspective to the CA aspirant ranging from economics and operations of a business to its marketing, audit, financing and legal aspects. CAs frequently occupy highest echelons of Indian business and carry a very high brand image in the society. Currently there are approximately 5,20,000 students and 1,55,000 active members.

Chartered Accountants are in great demand in the current rapid growing Indian economy, thanks to the growing corporate sector. In any organization, Chartered Accountants occupy high and respectable posts. In any organization, the CA is responsible for handling accounts and finance related matters, deal with money management, prepare, analyze and audit accounts along with providing financial advice.
Professional Chartered Accountants have the option to be appointed as auditors of companies. They can also take up private practice of audit and consultancy. Some of the areas suited to the services of Chartered Accounts are as follows:

  • FINANCIAL ACCOUNTING
  • AUDITING
  • COST ACCOUNTING
  • TAX MANAGEMENT
  • CONSULTANCY

SYLLABUS

CPT

CPT is an objective test with 1/4th negative mark for a wrong answer. A student has to attempt two sets of paper.

SESSION I (Two hours- 100 Marks)

SectionA:FundamentalsofAccountancy (60)
It consist of introduction to accounting, Accounting principles & standards, Bank Reconciliation Statements, Consignment & Joint ventures, The Partnership accountsandCompany accounts.
SectionB:MercantileLaw (40)
It covers the entire mercantile law i.e. The Contract act, The Sale of goods act, and The Partnership Act.
SESSION II (Two hours- 100 Marks)
SectionC:GeneralEconomics (50)
It is a mix of micro and macro economics covering introduction to micro economics, theory of demand & supply, production & cost, price determination in different markets, profile and aspects of Indian economy, economic reforms in India and Money & banking.
SectionD:QuantitativeAptitude (50)
It is a blend of Mathematics and Statistics including ratio & proportion, differentiation, integration, AP GP, sets, functions and relation, correlation, regression, index numbers, probability, theoretical distribution and sampling.

IPCC

Group I (Two hours- 100 Marks)

PAPERI:Accounting

It cover General knowledge of the framing of the accounting standards, national and international accounting authorities, adoption of international financial reporting standards, Accounting Standards-1, 2, 3, 6, 7, 9, 10, 13 and 14, company accounts, Self-balancing ledgers, Financial Statements of Not-for-profit-organization, Accounts from incomplete records, Accounting for special transactions, issue in partnership accounts and accounting in computerized

PAPERII:Law,EthicsandCommunication (100)
This paper has been divided in three parts:

SESSION II (Two hours- 100 Marks)


  • Law (60 Marks)-covers the practical application of business law including Indian Contract act, Negotiable instrument act, Payment of bonus act etc and provisions of company law covering The Companies Act from section 1 to 197
  • Ethics (20 Marks)- provides understanding of ethical issues in business including environmental issues, ethics in workplace, Marketing & Consumer protection and Accounting & Finance.
  • Communication(20Marks)-covers development of behavioral skills and communication relating to business covering elements like Communication, Communication in Business environment and basic understanding of legal deeds and documents
PAPERIII:CostAccountingandFinancialManagement (100)
This paper has been divided in two parts:
  • Cost accounting (50 Marks):covers the concepts and processes to determine the product cost like material, labors, overheads, process costing, contract costing etc and includes marginal costing and standard costing for decision making
  • Financial Management (50 Marks):cover the topics relating to capital investment and financing decisions like capital budgeting, cost of capital, capital structure decisions and working capital management.
PAPERIV:Taxation (100)
This paper has been divided in two parts:
  • Income tax (75 Marks):covers the income under five heads namely salaries, house property, capital gains, profit and gain from business and profession and other sources
  • Service Tax and VAT (25 Marks):cover the provisions of service tax like payment of service tax and filling of returns and concepts of Value Added Tax.

GroupII

PAPERV:AdvancedAccounting (100)

It cover Conceptual framework for preparation & presentation of financial statements, Application of accounting standards 4,5,11,12,16,19,20,26 and 29, Cases relating to company accounts, advanced issues in partnership accounts and accounting for special transactions.

PAPERVI:AuditingandAssurance (100)

It cover Generally Accepted Auditing Procedures, techniques and skills like verification and vouching of assets & liabilities, company audit, auditing standards needed to understand the objective and concepts of auditing and to apply them in audit and attestation processes.

PAPERVII:InformationTechnologyandStrategicManagement (100)
This paper has been divided in two parts:
  • Information technology (50 Marks):covers an introduction to computers, Data base management systems, computer networks and network security, internet & other technologies and decision tree flow charts
  • Strategic Management (50 Marks):covers business environment and strategies of business like Strategic Analyses, Strategic Planning, Implementation & control etc.
  • Statutory audit
  • Internal audit
  • Compulsory tax audit
  • Certification and audit

FINAL

Group I

PAPER(I)FINANCIALREPORTING (100)

It covers Accounting Standards, Accounting Standards Interpretations, Applications of IFRS (International Financial Reporting Standards) and US GAAP, Corporate Financial Reporting, Accounting for Corporate Restructuring, Consolidated Financial Statements of Group Companies, Accounting and Reporting of Financial Instruments, Share based payments, Financial Reporting by Mutual funds, Non-banking finance companies, Merchant bankers, Stock and commodity market intermediaries and Valuation.

PAPER(II)STRATEGICFINANCIALMANAGEMENT (100)

It comprises of Financial Policy and Corporate Strategy, Project Planning and Capital Budgeting, Leasing decision including cross border leasing, Dividend Decisions, Security Analysis, Portfolio Theory and Asset Pricing, Financial Services in India, Money Market operations, Foreign Exchange Exposure and Risk Management and Mergers, Acquisitions and Restructuring.

PAPER(III):ADVANCEDAUDITINGANDPROFESSIONALETHICS (100)

It gives knowledge of current auditing practices and procedures including Auditing Standards, Statements, Audit strategy, planning and programming, Risk Assessment and Internal Control, Audit under computerized information system (CIS) environment, Special audit techniques, Audit of limited companies and Professional Ethics.

PAPER(IV):CORPORATEANDALLIEDLAWS (100)
This paper has been divided in two parts:
  • Section A:Company Law (70 Marks): Covers the entire provisions and Rules & Regulations of The Companies Act 1956 comprising topics like Accounts and audit, Dividend, Directors - powers, managerial remuneration, Meetings, powers of the Board and related party transactions, Inspection and Investigation, Compromises, Arrangements and Reconstructions, Prevention of Oppression and Mismanagement, Revival and Rehabilitation of Sick Industrial Companies, Corporate Winding up and Dissolution, Producer Companies, Companies incorporated outside India, Offences and Penalties, E-governance and Corporate Secretarial Practice – Drafting of Resolution, Minutes, Notices and Reports.
  • Section B:Allied Laws (30 Marks): It has The Securities and Exchange Board of India Act,1992, The Securities Contracts (Regulation) Act, 1956, The Foreign Exchange Management Act, 1999, The Competition Act, 2002, The Banking Regulation Act, 1949, The Prevention of Money Laundering Act, 2002

Group II

PAPER(V):ADVANCEDMANAGEMENTACCOUNTING (100)

It gives an insight of various management accounting techniques for planning, decision making and controlling. It comprises of Cost Management, Cost Volume Profit Analysis, Pricing Decisions, Budgets and Budgetary Control, Standard Costing and Variance Analysis, Transfer pricing

PAPER(VI):INFORMATIONSYSTEMSCONTROLANDAUDIT (100)

It relates to the laws and standards in computerized Information system and includes Information Systems Concepts, Systems Development Life Cycle Methodology, Control objectives, Audit Tests of General and Automated Controls, Risk assessment methodologies and applications, Business Continuity Planning and Disaster recovery planning.

PAPER(VII):DIRECTTAXLAWS (100)

This paper has been divided in two parts

  • The Income-tax Act, 1961 and Rules there under (90 marks)
  • The Wealth-tax Act, 1957 and Rules there under (10 marks)

It contains complete provisions of direct tax laws used in practical application

PAPER(VIII):INDIRECTTAXLAWS (100)

This paper has been divided in three parts

  • Central Excise (40 marks) It covers Rules, Circulars and Notifications related to Central Excise Act, 1944 and Central Excise Tariff Act, 1985
  • Service tax & VAT (40 marks) It covers complete set of Rules, Circulars and Notifications related to service tax as contained in the Finance Act, 1994 and Value Added Tax
  • Customs (20 marks) It covers Rules, Circulars and Notifications related to Customs Act, 1962 and Customs Tariff Act, 1975