Eligibility for PE2

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vigneshsp (Querist)
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19 October 2008 I am a B.Tech graduate and i want to do CA course. I learnt that it is enough to apply for PE2 directly after graduation. Is it so ? as i am unaware of these exams please guide me with the same. What are all the things i have to do to become a CA, my qualification is graduation (B.Tech).Please tell in a step-by-step manner. reply back to gspvishnuvardhan[at the rate of]gmail[dot]com

CA CS CIMA Prakash Somani

CA CS CIMA Prakash Somani (Expert)
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23 October 2008 The new Course consists of Three main levels:

I. Level One: Common Proficiency Test (CPT)

Registration Criteria: A student who has passed 10th standard examination may register with the Board of Studies. However the student can attempt for the CPT only after appearing for the 12th standard examination. ( Students who are appearing in 12th class examination in March, 2008, are also eligible to appear in CPT exam to be held on 8th June, 2008.)
Registration Fees: Rs. 3500

CPT Exam Details: CPT Exam Details: CPT is an Objective type test requiring Basic Knowledge of the subjects covered. CPT will be held two times in a year: June and December.

Last Dates of Registration for the CPT: For June exam last date of registration with Institute is 1st April, of every year . Students attempting the CPT exam to be held in December, every year, should be registered with the Institute on or before 1st October,every year.

Subjects for the CPT: Refer below mentioned table.
Passing Percentage: 50% of Total marks are required to qualify the CPT. It has a flexible scheme of negative marking to the extent of 25% of incorrect answers.

II. Level Two: Professional Competence Course (PCC) and Practical Training

Eligibility Criteria:A student who has passed the CPT and 12th standard examination may join the Professional
Competence Course.

Parts of PCC: PCC comprises of three parts.
1. Practical Training: A student will have to undergo the practical training (Articleship) with the practicing Chartered Accountant for a period of 3 and 1/2 years (42 months). The practical training is aimed at imparting the practical knowledge to the students pursuing C.A. course along with the theoretical education.

2. Information Technology Training (ITT): A student has to take the Training of Information Technology for 100 hours during first 15 months of his Articleship with the institutes accredited by ICAI for this purpose.

3. Professional Competence Examination (PCE): A student will have to appear for the PCE after completing the 15 months of his Articleship and 100 hours of Information Technology Training. PCE is conducted twice in a year, May and November.

Fees payable to the ICAI: Fees payable to the ICAI for PCC including 100 Hours ITT registration fees are Rs. 7500 as at present. Fees payable to the accredited institute for 100 hours ITT are in the range of Rs. 3,500 to Rs. 4,000.

Passing Percentage:
1. For 100 Hours ITT: A student will have to secure 60% marks for the 100 Marks examination of ITT. He will also have to ensure attendance for 90% of the lectures.

2. For PCE: A student will have to secure 50% marks in aggregate and 40% in each of the individual subjects.

Subjects for the PCE: Please refer the below mentioned table.
Level of Knowledge: Working knowledge.

III. Level Three: C.A. Final Course

Eligibility Criteria:A student may appear for the Final Course only after:
- Passing Professional Competence Examination.
- Undergoing General Management and Communication Skills Course.
- Complete Articleship Training of 3 ½ years.
Registration Fees payable to ICAI: Fees payable to ICAI for C.A. final are Rs. 8,500 as at present.

Passing Percentage: A student will have to secure 50% marks in aggregate and 40% in each of the individual subjects.
Subjects for the C.A. Final: Please refer the below mentioned table.
Level of Knowledge: Expert knowledge.

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