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Saturday, May 8, 2010

CHARTERED ACCOUNTACY

The most prestigious of careers in accountancy is that of a Chartered Accountant. A Chartered Accountant is one who is accepted as 0a member of the Institute of Chartered Accountants of India (ICAI) after having passed the final examination for the chartered Accountancy course conducted by the institute.
FOUNDATION COURSE :
The foundation course is the gateway to enter the professional course of Chartered Accountancy immediately after school education.
(A) ELIGIBILITY CRITERIA FOR FOUNDATION COURSE :
Minimum Eligibility :- +2 Pass. Students doing graduation or graduates may also take this course except for
a) Commerce graduates with Accountancy and Auditing and mercantile law or commerce law as full papers and with 50% of the total marks .
b) Non-Commerce graduates with Mathematics as one of the subjects and with 60%of the total marks.
c) Non-commerce graduates with subjects other than mathematics and with 55% of the total marks.
For the purpose of the above exemption the term graduates will not cover a graduate or a Postgraduate in Music, Painting, Photography, Sculpture and the like.
(B) REGISTRATION FOR THE FOUNDATION COURSE:
Candidates who would like to register with the Board of studies as students of the foundation course have to forward their applications in the prescribed form with a crossed demand draft of the requisite amount drawn in favour of Secretary, The Institute of Chartered Accountants of India payable at New Delhi, Mumbai, Chennai, Kolkata and Kanpur as the case may be to the respective officers of the institute depending on the state in which they reside.
WHERE TO REGISTER:
Candidates have to submit their application along with registration and tuition fee to the concerned Regional Offices whose addresses are given below.
1,. Joint Director of Studies, The Institute of Chartered Accounts of India,Indraprastha Marg, New Delhi-110002.
2. Deputy Director of Studies, The Institute of chartered Accountants of India, Anveshak, 27 Cuffe parade, Mumbai-400005.
3. Asst. Secretary, The Institute of Chartered Accountants of India, 122, Uttamar, Gandhi Salai, P83314, Nungambakkam, Chhenai-600034.
4. Asst. Secretary, The Institute of Chartered Accountants of India, 16/77, Civil Lines, Kanpur –208001.
5. Joint Director, of Studies, The Institute of Chartered Accountant of India, 7-Russel street, Kolkata-700071.
ADDRESS OF BHUBANESWAR CHAPTER :
Institute of Chartered Accounts of India
Plot No.750, Saheed Nagar,
Bhubaneswar-7
Tel.No: 503390.
FOUNDATION EXAMINATION:
The foundation examination is held in May and November every year. A candidate can appear for the foundation examination after satisfactory compliance with the requirements of the Board of Studies and on completion of 10 months from the date of registration.
AFTER FOUNDATION COURSE:
After passing the foundation examination candidates are eligible for admission to Chartered Accountancy course which consists of Intermediate course and the Final course. For this purpose and for eventually becoming a Chartered Accountant one has to:
1. Register as an Articled Clerk with a practising Chartered Accountant for undergoing practical training and as a student with the Board of Studies for undertaking theoretical education, for period of three years.
2. Appear for Intermediate examination after 12 months of training.
3. Appear for final examination during the last six months of training.
MEMBERSHIP OF THE INSTITUTE:
A person who has qualified in the Institute’s CA final examination and completed the practical training becomes eligible for admission as a member of the Institute.
FUTURE PROSPECTS :
There will always be opportunities for financial/accounting and tax consultancy in every business, however big or small. With growth, industrialisation and the current turn towards globalisation, the corporate sectors require the services of more and more Chartered Accountants. Hence, it is evident that the future of Chartered Accountants is very secure.
Further information may be obtained from the office of the Board of studies, C.I.Sector-I, Noida-201301, Ghaziabad District, Uttar Pradesh or any of its decentralised offices mentioned earlier.
N.B.: Given dates are subjects to change.

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