Chartered Accountancy

Introduction to Chartered Accountancy
Chartered Accountancy (CA) is a Professional course in Accountancy. Although the title “Accountancy” is used, the course of CA is broader in that apart from Financial Accounting, it has core subjects of study as Auditing, Business Law, Corporate Law, Financial Management, Information Technology, Cost and Management Accountancy, and Taxation. The course is designed in such a way that the Chartered Accountants are recognized as complete business solution providers immediately upon passing the course.

For Students from Nepal, the Chartered Accountancy can be done either from the Institute of Chartered Accountants of Nepal (ICAN) or from the Institute of Chartered Accountants of India (ICAI). CA from both the Institutes (ICAN and ICAI) has 3 levels with a total duration of 4.5 years with a compulsory practical training of 3 years while doing the final level which is called articleship training. In case the Course opts for the ICAI, the students complete the first 2 levels of course from Nepal itself and need to go to India for the 3 years of Articleship at the final level. In case of ICAN, the articleship training and the whole course will be completed from Nepal itself.

General Information

Course Title: Chartered Accountancy
Category: Professional
Course Duration: 54 months (4.5 years)
Academic Progress:
*1st level *– 6 months

*2nd Level *– 1 year

*3rd level *– 3 years (one final examination alongside 3 years practical training)

Books and study materials: All the necessary books and study materials are provided upon Registration. Extra Materials are available in the Institute’s website.

Required Qualification to study Chartered Accountancy

• Students who have passed or appeared for +2 or equivalent examination can join the 1st level of CA (students from all streams can join –free entry with no marks barrier)

• Students who have passed Bachelors degree can join the second level of CA (In case of ICAN (Nepal), commerce graduates should have atleast 50% marks and non-commerce graduates should have atleast 60% marks; in case of ICAI (India), commerce graduates should have atleast 55% marks and non-commerce graduates should have atleast 60% marks (students from all streams can join)

Scope
Chartered Accountants are increasingly becoming an inseparable part of the top management level in all organizations whether they are public, private or government. CAs can also setup independent practice for Accounting, Auditing, and Consultancy services. Accordingly the demand for CA is growing day by day.

Course Syllabus of Institute of Chartered Accountants of Nepal (ICAN)

Level I (CAP I)

Paper 1 – Fundamentals of Accounting

Paper 2
Part A – Mercantile Laws
Part B – Fundamentals of Economics

Paper 3
Part A – Fundamentals of Management
Part B – Commercial Mathematics and Statistics

Level II (CAP II)

Group I
Paper 1 – Advanced Accounting
Paper 2 – Audit and Assurance
Paper 3 – Corporate and Other Laws

Group II
Paper 4 – Financial Management
Paper 5 – Cost and Management Accounting
Paper 6 – Business Communications and Marketing
Paper 7 – Income Tax and VAT

Level III (CAP III / Final)

Group I
Paper 1 – Advanced Financial Reporting
Paper 2 – Advanced Financial Management
Paper 3 – Advanced Auditing and Assurance
Paper 4 – Corporate Laws

Group II
Paper 5 – Management Information and Control Systems
Paper 6 – Advanced Taxation
Paper 7 – Advanced Cost and Management Accounting
Paper 8 – Strategic management and Decision-making Analysis

Course Syllabus of Institute of Chartered Accountants of India (ICAI)

Level I (Common Proficiency Test – CPT)

Section A – Fundamentals of Accounting
Section B – Mercantile Law
Section C – General Economics
Section D – Quantitative Aptitude

Level II (Integrated professional competence course – IPCC)

Group I

1. Accounting
2. Business Laws, Ethics and Communication
3. Cost Accounting and Financial Management
4. Taxation

Group II

1. Advanced Accounting
2. Auditing and Assurance
3. Information technology and Strategic Management

Level III (Final)

Group I

1. Financial Reporting
2. Strategic Financial Management
3. Advanced Auditing and Professional Ethics
4. Corporate and allied laws

Group II

1. Advanced Management Accounting
2. Information systems control and Audit
3. Direct Tax Laws
4. Indirect Tax Laws