Professional course details...

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14 February 2011  

CA

The Institute of Chartered Accountants of India periodically reviews the scheme of Education and Training to remain in tandem with developments in the field of education and other changes at national and global level. Evolving business also demands newer skills from the accounting professionals. Accordingly, the existing scheme was revamped and the new scheme was launched on 10th December, 2008.

Different levels of Chartered Accountancy Course
 
1. Entry Level Test Common Proficiency Test
2. First Stage of Theoretical Education Integrated Professional Competence Course
3. Final Stage of Theoretical Education Final Course

 
The Entry level test is named as Common Proficiency Test (CPT) which is designed in the pattern of entry level test for engineering, medical and other professional courses. It is a test of 4 hours duration comprising of two sessions of 2 hours each, with a break between two sessions. The test comprises of objective type questions only with negative marking for choosing wrong options. The Common Proficiency Test (CPT) has replaced Professional Education (Course-I) effective from September 13, 2006. The last Professional Education (Examination – I) was held in November, 2007.
 
The Integrated Professional Competence Course (IPCC) with an upgraded syllabus has replaced the Professional Competence Course (PCC) effective from December 10, 2008. The last PCC examination will be held in November, 2012.
 
The last leg of the Chartered Accountancy is Final Course, designed to impart expert knowledge in financial reporting, auditing and professional ethics, taxation, corporate laws, system control, strategic finance and advanced management accountancy. The Final (New) Course was launched in February 2007 and first examination under new scheme was held in November, 2008. The last Final (Old) Course examination will be held in November, 2010.
 
Updated syllabus is benchmarked to chartered accountancy courses available around the globe and is fully compliant to International Education Standards issued by the International Federation of Accountants.
 
Under the present scheme the period of articled training is three years.

New upgraded 100 Hours of Information Technology Training replaced 250 Hours Compulsory Computer Training in December, 2006.
 
 

The present scheme emphasizes on –

  • Instituting a uniform entry level test – the Common Proficiency Test for all the students joining IPCC - ATC;
     
  • Encouraging young talented students having aptitude for accounting education to make an early entry to the profession;
     
  • Complementing theoretical education by appropriate modules of practical training;
     
  • Providing quality classroom education through efficient accredited institutions;
     
  • Imparting an upgraded Information Technology Training;
     
  • Facilitating additional courses of study during articleship training;
     
  • Helping students in acquiring professional ethical values and attitudes;
     
  • Inculcating analytical ability among the students through case studies; and
     
  • Globalizing chartered accountancy education through organization of education and training abroad.