Introduction of Charted Accountant
The CA (Chartered Accountant) of India is one of the respectful and challenging career fields. CA is one of the good options for higher education in India. Chartered accountancy was established in 1854, Britain in the core activity of the business. In India, the course is conducted by the ICAI (Indian Chartered Accountants Institute) for the students.
A chartered accountant is a member of ICAI that specialize in the selection of accounts field. The membership can be continued through the prescribed fees or yearly payment to the institute. The work of a chartered accountant as a private advisor or in the accounts department in an organization that essentially preferred for the same. Chartered Accountant plays an important role in case of disputes, bankruptcy, etc. in the organization.
After the completion of this course, you can go for the works as auditing, cost accounting, tax management, management accounting, consultancy and financial works in the industry.
Courses & Duration
The profile takes the completion of 5 years to the CA course. In the year of 2006, the ICAI has launched the three-level of this course.
¨ CPT (Common Proficiency Test)
¨ IPCC (Integrated Professional Competence Course)
¨ FC (Final Course)
The CPT is the entry-level foundation course that involves the quantitative aptitude test, general economics, mercantile laws and accounting.
The IPCC has two groups that cover the working knowledge of the core subjects. It is specially designed to improve the knowledge of accounting standards.
The CA final course covers the advanced knowledge of financial reporting, management accounting, strategic financial management, professional ethics, information systems control and advanced auditing for the students.
The students who had cleared their 10+2 examination can go for the foundation level test conducted by the ICAI. After passing the group level 1st, the students have to undergo the on-job training period of 3 years called “articles” with an audit or accounts firm under the profile of a qualified Chartered Accountant.
After completion of the internship or articles, the student can appear in the final course. The GMCS (General Management and Communication Skills Course) is the 15 days mandatory training course introduced in 2003.
Chartered Accountancy subjects, mostly deal with studies such as budget planning, market research, planning of policies, management of working capital of an organization, etc.
ICAI Examination Levels
1) Common Proficiency Test (CA CPT)
2) Foundation course examination
3) Intermediate (Integrated Professional Competence) examination
4) Final examination
Skills Required for the Profile:
Ø Numerical Ability
Ø Logical & Methodical Approach
Ø Good understanding of the socio-economic environment in which organizations operate
Ø Necessary skills in applying theoretical knowledge to practical situations
Ø Good Verbal & written expression
Ø Ability to deal with different types of people
Eligibility & Admission
The students are eligible to give the examination with the commerce or science or arts background can get the admission in CA course. As the students should have the knowledge of the computer as well as all account work done with the help of a computer.
After the completion of 12th standard, students can take the admission in the CA programme through the CPT (Common Proficiency Test).
The eligible students can register for the test after passing their 10th board examination, though they are supposed to appear for the test after the 12th examination.
Students, who pass their graduation with commerce stream, are required to pass their 12th exam with a minimum of 50% aggregate marks in the examination.
1) Common Proficiency Test for CA CPT 2020
CA CPT 2020 Application Form will be released in the month of April 2020. As per the notification, the exam will be conducted in June 2020 for the candidate. The Institute of Chartered Accountants conducts CA CPT 2020 for the students qualifying their first stage examination for Chartered Accountancy Program. Even a Class X or equivalent students are eligible to register for Chartered Accountant Common Proficiency Test. The aspirants can enroll themselves for the examination after passing Class XII or equivalent. The question paper consists of four sections including only multiple choice type questions and the subject includes Accounting, General Economics, Mercantile Laws, and Quantitative Aptitude for the candidates. The aspiring candidates must follow the list that explained with complete and detailed information related to CPT 2020.
The list of the important dates for CA CPT Exam 2020-21 is given below as under. Check the updates that explain with the CPT exam date 2020 either through us or the official website of the exam. The links for both are given below:
|Events of CA CPT||Important Dates|
|Online Application Form of CPT 2020 begins||1st week of April 2020|
|Last date of filling CPT application form 2020 and making the payment (without late fee)||1st week of April 2020|
|Last date of filling CPT application form 2020 and making the payment (with late fee)||Last week of April 2020|
|Application Correction Window I (without late fee)||May 2020|
|Application Correction Window II (with fee)||May 2020|
|Admit Card||Last week of May 2020|
|Date of CA CPT Examination||June 2020|
|Result declaration||July 2020|
CA CPT Eligibility Criteria
The eligible criteria for the CA CPT candidate are given below:
1) There is no age limit for the aspirants to become eligible for the examination.
2) The aspirants must have passed Class XII or equivalent in Commerce Stream.
3) The applicants who have completed the Bachelor or Masters Degree in Commerce with at least 55% percentile marks need not appear in CPT 2020 Examination.
4) Also, the candidates who own Under Graduate / Post Graduate Degree from Open University are not eligible to appear in the examination.
5) The applicants appearing in the qualifying examination are eligible for application.
Chartered Accountant Common Proficiency Test (CA CPT) 2020 Application Form
Given below are some general information on the application forms for both the exams. Read the following points carefully to remove all doubts about it.
Ø Firstly, the aspirants should have the complete information of ICAI.
Ø Then, the candidates need to fill the details that include the information-Full Name of Applicant, Date of Birth, Sex, Mother’s Name, Father’s Name, Address, Category, Nationality, Medium of Study, Educational Qualification, Recent Passport Sized Photograph and other information related to the application.
Ø It always creates the applicants where the applicants pay the application form through the website available for the necessary documents.
Ø In the final step the candidates have to take a hard copy of the documents and send it to the Institute of Chartered Accountants if India.
CA CPT Eligibility Criteria
1) For attending the examination there is no age limit for the aspirants to become eligible for the examination.
2) The aspirants attending the examination must have passed Class XII or equivalent in Commerce Stream.
3) The eligible applicants completed the Bachelor or Masters Degree in Commerce with at least 55% percentile marks need not appear in CPT 2020 Examination update.
4) It also required that, the candidates who own Under Graduate / Post Graduate Degree from Open University are not eligible to appear in the examination.
5) The candidates appearing in the qualifying examination are eligible for application.
CPT Admit Card
Ø For CA CPT 2020 candidate, the admit card will be released on May 2020 on its official website.
Ø After completion of the Application form the candidate can easily download Admit Card will be available online.
Ø Admit Card is one of the essential documents that should carry for the examination.
Ø Candidates must carry the admit card with them at the time of examination without it, the entry is prohibited without admit card.
Ø Candidate can register for getting CA CPT 2020 (June session) results via email.
Result through SMS
The eligible candidate can also get their CA CPT 2020 Result through SMS and need to follow a proper procedure as mentioned below:
Ø Firstly, Aspirant needs to compose the new message and type CPT space Roll number.
Ø The aspirant needs to send SMS and complete the process.
Finally, the registered candidate for this service can get their CPT 2020 results on their respective Mobile Phones.
How to Check CA CPT 2020 Result
Ø The aspirant can check online CA CPT 2020 for qualifying their status of examination.
Ø Then, click on the link of the result as provided in this article above.
Ø The aspirant needs to enter their CPT 2020, Roll Number to find the result.
Ø Finally, on the screen, Aspirant can see their result and check their overall marks and the section-wise marks.
Ø Important Information Regarding the CA Common Proficiency Test
Ø Examination conducting body: ICAI – The Institute of Chartered Accountants.
Ø Name of Exam: The CPT or Common Proficiency Test.
Ø Eligibility Criteria: 12th Pass.
Ø Level of Exam: 1st stage of CA.
Ø CPT Admit Card
Ø The admit card for CA CPT 2020 will be released on May 2020 on its official website.
Admit Card will be available to download after the completion of the Application form.
Frequently Asked Questions for CA CPT Result 2020
1) How can I get my CACPT 2020 Result?
Answer: The aspirant can easily get their result by SMS, Through E-MAIL, and by the CACPT 2020 registered Account.
2) I forgot my password for CPT registered account. How can I obtain my password for the CA CPT account?
Answer: In case candidates have forgotten their password, they can obtain it by following the process mentioned below –
Process to Follow the Examination Procedure
Ø Firstly, Candidate needs to click on the option of Forgot password provided on the screen of CA foundation registration 2020.
Ø After that candidate can simply enter their registration number and their mobile or email id.
Ø The candidate gets the password reset link on their respective and valid E-MAIL ID.
Ø If it does not work candidate can contact to the mentioned way on the screen for CACPT 2020.
2) CA Foundation Course Examination
CA Foundation examination is going to be conducted in May 2020 (tentative). The ICAI announced the official notification and all the eligible candidates will be able to apply for the exam from February 2020.
Before getting the basic details of CA Foundation 2020 examination, let’s have an overview of the exam list:
|Name Of The Exam||CA Foundation 2020|
|Conducting Body||Institute Of Chartered Accountant Of India (ICAI)|
|Level of Exam||National Level|
|Frequency of Exam||Twice a Year ( May and December)|
|Mode Of Exam||Offline|
|Mode Of Registration||Online|
|Number Of Papers||4|
|Basic Eligibility||Passed Class 12 or Appearing for Class 12 in Current Year|
|Exemptions||Graduates and Post Graduates or Candidates with Equivalent Qualification|
CA Foundation 2020: Important Dates
As the CA Foundation Notification for 2020 is yet to be released, let’s go through the tentative dates for CA Foundation 2020:
|Starting of Application Process||1st Week of February 2020|
|Last Date to Apply without Late Fee||last week of February 2020|
|Last Date to Apply with Late Fee||1st Week of March 2020|
|Release of Admit card||2nd Week of April 2020|
|CA Foundation Exam||May 2020|
|CA Foundation Result||3rd Week of July 2020|
Eligibility Criteria for CA Foundation 2020
Before applying CA Foundation examination for the year 2020, candidates must go through the CA Foundation eligibility criteria and go through, if they are eligible to appear for the exam:
Ø Candidate must have passed or appeared in this year for Class 12 or any equivalent examination carried out by a recognized board.
Ø Candidates registered for the CA Foundation must have undergone a minimum of 4 months of the study period before appearing for the foundation exam.
3) Intermediate (Integrated Professional Competence) Examination
The candidates are eligible for Intermediate examination and it is divided into three categories:
Category I: Candidates should clear or passed CPT and 10+2/PE I/ Foundation/Entrance Examination and eligible for the examination.
Category 2: The candidates who were already registered for erstwhile Intermediate Examination as per syllabus under mentioned paragraph 2 or 2A of Schedule B or Professional Education (Course-II) or Professional Competence Course and converted into the Intermediate (IPC) Course/ Accounting Technician Course (ATC) for the category 2 candidates.
Category 3: Direct Entry if the candidates are eligible for:
Under this category, the eligible candidates are included who registered for the intermediate course/ATC and also completed or would be completing 9 months of practical training for the professionals(including study course for a period of 8 months):
Ø 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.
Ø For Intermediate (IPC) course through CPT route candidates who registered 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 and commenced practical training on or before the date mentioned in the official website.
Ø 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 for the examination.
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 for Registration to the Intermediate (IPC) course is valid for 4 years.
¨ He/She has undergone a study course, for a period of not less than eight months, as maybe specified by the Council for the relevant level(s), and can produce a proof of the same when sought.
4) CA Final Examination Process
As per ICAI under the revised guidelines, candidates will have to register themselves first with the Board of Studies (BoS). Also, candidates are allowed to give 6 parallel attempts. For more information about CA Final 2020, candidates can have a look at the schedule given and explained in the mentioned dates coming soon as informed accordingly.
ICAI Exam Highlights
|Exam Name||ICAI Exam, CA CPT, CA IPCC, CA Final|
|Conducting Body||Institute of Chartered Accountants of India|
|Exam Level||National Level Exam|
|Exam Frequency||Twice a year|
|Exam Duration||Two hours|
|Exam Purpose||Training and Certifying Chartered Accountants in India|
|Course Offered||Chartered Accountancy|
|No. of Test Cities||192 cities in India and 5 abroad|
|Exam Helpdesk No.||1800 419 2929|
ICAI Chartered Accountant Final Result 2019 Out
The Institute of Chartered Accountant of India (ICAI) has released the CA Result 2019 on 16th January 2020. The candidates who have appeared in the final written examination can check their result through its official website https://icaiexam.icai.org/ or https://icai.nic.in/caresult/ by clicking on the link available. The Department has conducted CA Final Group 1 examination from 1st November 2019 to 7th November 2019 and CA Final Group 2 examination from 9th November 2019 to 17th November 2019. After the declaration of the final result, the department has also published the merit list on its official website. The merit list consists of name, roll number, registration number, and the marks secured by All India Rank holders.
How to Check ICAI CA Final Exam Result 2019?
Candidates need to follow the mentioned instructions given below to download the ICAI CA Exam Result 2019:
- Visit the official website of ICAI (Institute of Chartered Accountant).
- Go to the home page and click on the Result.
- ICAI CA Result 2019 will display on the screen.
- Now, select the exam option from IPC old exam, Foundation exam, Intermediate New Exam, etc.
- Enter your roll number and Pin or Registration number. The result will be available on your computer screen.