FoundationJCA

* Prop. NiHar Consultancy & Services


An unique Management Consultancy firm for

all the business needs located at Kolhapur.





* Prop. Janai Coaching Academy


A Professional coaching academy for

CA/CS/CWA aspirants.





* Director- Kubera Business Consultants Pvt Ltd

(KUBERA ADVICE- virutal online consulting firm)




* Managing Committee Member


of Kolhapur Branch of WIRC of ICAI for 2016-2019

COMMERCE

There is only one thing









which can unite








different people or








countries








and it is











“Commerce”

WHAT & WHY COMMERCE

What is




















Exchange of goods & services



for consideration




 Lifeline of any economy



 Basis of any transaction




 Backbone of any exchange of goods/ services




 Best of imagination has link with commerce



 Contributes to growth of community

Just like blood in



Human



Body




Similarly










Commerce




is must for any




Economy

WHY COMMERCE?









❑C – CASH




❑O – OPTIMIZATION



❑M – MANAGEMENT




❑M – MARKETING



❑E – EXPANSION




❑R – RESEARCH




❑C – CUSTOMER/COMPETITION



❑E - ECONOMY

Chartered Accountancy Course



DREAM CA BELIEVE CA ACHIVE CA















MONEY












INTERNATIONAL REPUTATION
EXPOSURE








CAMPUS WELL SETELLED LIFE
PLACEMENT
















DEDICATION
CA STUDENT

USP OF CA COURSE





• Constitutional support (Created by Act of Parliament)



• Regulators of Audit & Assurance Function



• Age is no bar



• Purely merit based course



• Distant Learning Course



• Theoretical & Practical Learning in 3 year articleship



• Cloud Campus for students



• Great Learning at minimal cost


• Open for all streams : Commerce/Arts/Science



• Standardized Course with regular updation



• 100% employment (Unlimited Career Options)



• Makes one multitasking

Global Career

Opportunity




























Industry


Employment Professional
Practice

CA Career Opportunities




















Professional
Industry/ Practice

Service











Management

Services

Particulars No.


ORGANIZATIONAL



Regional Offices 5


Branches 164


Chapters Abroad


SPECIAL PURPOSE OUTFITS


CPE Study Circle

CPE Chapters

Reference Libraries



Accredited Institutions


MEMBERSHIP 2,82,000


% in Practice


STUDENTS 8,00,000

ICAI Network










• Bahrain • Abu Dhabi



• Botswana • Indonesia

• Doha • Jeddah


• Dubai • Kuwait
New Delhi
• Port Moresby •London

Kanpur
(Papua New Guinea)
Calcutta
• Riyadh •Melbourne

• Saudi Arabia •Muscat
Mumbai
(Eastern province)


• Singapore •Nairobi (Kenya)
Chennai
• Sydney •New York

• Toronto •Nigeria

Offices
Decentralized • Zambia •Ras-al-Khaimah

A CA HAVE CONTROL OVER








TECHNOLOGY






POLITICS LEGAL

SOCIETY ECONOMY
SOCIETY:
WELL IDENTIFIED

& RESPECTED IN

SOCIETY

POLITICS:
CA ARE WELL PLACED & RECOGNISED





TECHNOLOGY: IN
LINE WITH WORLD :

FULLY HI-TECH
ECONOMY:

HANDLING
FINANCE &

RESHAPING
LEGAL:
ECONOMY EXPERTISE OF VARIOUS LAWS

Purely Merit Based Course



























We believe in equality.



No discrimination



on any basis.

CA CONNECTING….





























PUBLIC GOVERNMENT







CHARTERED ACCOUNTANTS ARE BRIDGE




BETWEEN PEOPLE AND GOVERNMENT.

7 CONTINENTS = 1 LANGUAGE ACCOUNTING

The Institute of Chartered Accountants of India




(ICAI)






It is a statutory body established under the Chartered



Accountants Act, 1949 (Act No. 38 of 1949) for the regulation



of the profession of Chartered Accountancy in India. During



its more than sixty years of existence, the Institute has



achieved recognition as a premier accounting body in India for



its contribution in the fields of education, professional




development, maintenance of high accounting, auditing and


ethical standards. The ICAI now is the second largest




accounting body in the whole world.

The Institute of Chartered Accountants of India




(ICAI)






Status




Statutory Body Corporate




responsible



to regulate




Chartered Accountancy Profession in India.




Membership >2,82,000




Students >8,50,000




Member's Designations ACA & FCA

The Institute of Chartered Accountants of India




(ICAI)












Head office New Delhi










5 Regional Offices with 163 Branches in India and




30 Overseas Chapters










CAs are “Partner in Nation Building"

The Institute of Chartered Accountants of India




(ICAI)








The Mission of the Institute as adopted by the council of



ICAI is






“The Indian Chartered Accountancy Profession will be valued


Trustees of World Class Financial Competencies, Good Governance


and competitiveness”







Objective – “Regulate the auditing and accounting profession in India”






Motto – “Ya Aeshu Suptaeshu Jagruti”



"a person who is awake in those that sleep"

The Institute of Chartered Accountants of India




(ICAI)



The Main Functions of ICAI are-


1) prescribing qualifications for Membership, holding examinations, arranging


practical training for candidates, enrollment of members, publication and


maintenance of register of qualified Members, carrying on activities for


development of profession and maintenance of status and standard in the

profession.


2) The ICAI conducts research and brings out handbooks and


publications/monologues in the direct interest of the members. It explores the


opportunities for the employment of its members.

3) In addition it issues Certificate of Practice to members in practice and exercises


disciplinary jurisdiction as a quasi judicial authority over the CA Profession.


4) the Accounting Standards Issued by ICAI have been given statutory recognition


under various statues. ICAI also issues Standards on Auditing and Guidance


Notes for the benefit of its members.

The Institute of Chartered Accountants of India




(ICAI)





Role played by a Chartered Accountant


1) A dream career in the specialized areas of Accounting, Auditing, Corporate


Finance, Corporate Laws, Taxation.


2) Highly demanded professionals in industry.

3) Chartered Accountants are statutorily recognized audit practitioners.


4) Highly demanded and sought-after professionals in the practice of Income-


tax, Service-tax and other indirect tax areas.


5) Technically equipped to act as management consultants.

6) Various other opportunities available- Government departments,


Co-operative sector, Not-for-profit organization (NPO),


University/research bodies, Public sector, Private sector, Global


organizations, Large Accounting firms and consulting services etc.


7) Independent Professional Practices

8) Management Consultancy Services

The Institute of Chartered Accountants of India




(ICAI)







Areas of expertise include –


financial reporting,


auditing and assurance,


arbitration,

risk management,


economics,


corporate finance,


management accounting,

information systems audit,


corporate law,


direct tax,


indirect tax


valuation of businesses etc.

The Institute of Chartered Accountants of India




(ICAI)











ICAI formulates and issues technical standards to be followed by Chartered


Accountants and others-






Accounting Standards





Convergence with IFRS






Audit and Assurance Standards





Deciding on Tax related matter in a Budget

The Institute of Chartered Accountants of India




(ICAI)











Statutory Monopoly











*Tax Audit under the Income Tax Act, 1961




*Statutory Audit under the Companies Act, 1956




*Audit of co-operative societies and other



associations under various State Legislations.




*Value Added Tax Audit in various states

CA Course Structure

About the Chartered Accountancy Course






Structure


The Institute of Chartered Accountants of India periodically reviews its scheme of education and


training to remain in tandem with developments in the field of education and other changes at

the national and global levels. Evolving business and changing environment also demands newer


skills from the accounting professionals. ICAI, being a member body of International Federation

of Accountants (IFAC), has to comply with the International Education Standards [IES 1 to IES 8]


which have been revised recently. There has been a shift from “input-based” to “outcome-


based” approach in the Revised IESs. Accordingly, the ICAI’s present scheme of education has

been designed and implemented from July1, 2017.





Different levels of Chartered Accountancy Course


➢Entry Level - Foundation Course


➢First Stage of Theoretical Education - Intermediate Course

➢Final Stage of Theoretical Education - Final Course

Requirements to become a Chartered Accountant:



1. Through Foundation Course route:



(i) Enrol for Foundation Course after appearing in Class 12thExamination conducted by an

examining body constituted by law in India or an examination recognized by the Central


Government as equivalent thereto.

(ii) Complete four months Study Period. Register till 30th June/ 31st December for being eligible


to appear in November/ May Foundation Course Examination.


(ii) Appear in Foundation Examination after passing in the Senior Secondary Examination (10+2

examination) conducted by an examining body constituted by law in India or an examination


recognised by the Central Government as equivalent thereto and on complying with (ii) above.

(iii) Join Intermediate Course after passing Foundation Examination.


(iv) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS)


consisting of Courses on Information Technology and Orientation Course at the earliest but these

are to be completed compulsorily before commencement of their articleship.


(v) Appear in Intermediate Examination on completion of 8months of study course as on first day

of the month in which the examination is to be held.

(vi) Join articled training after passing either of the Group or Both Groups of Intermediate Course


and after

successfully undergoing ICITSS.


(vii) Clear the balance Group (if any) of Intermediate Examination.

(viii) Register for Final Course.


(ix) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology


and Soft skills

(AICITSS) consisting of Courses on Advanced Information Technology and Management


Communication Skills

during the last two years of practical training but before appearing in the Final Examination.


(x) Appear in the Final Examination on completion of the practical training or while serving last 6


months of

articled training on or before the last day of the month preceding the month in which the


examination is to be

held after successful completion of AICITSS.


(xi) Complete articled training of 3 years.


(xii) Pass Final Examination.

(xiii) Enrol as a member of the ICAI and be designated as “Chartered Accountant”.

2. Through Direct Entry route:


Commerce Graduates/Post-Graduates (55%) or Other Graduates/Post-Graduates (60%):

(i) Enrol with the Institute for Intermediate Course.


(ii) Undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS)

consisting of Courses on Information Technology and Orientation Course before commencement


of their articleship.


(iii) Register for Practical Training of three years.

(iv) Appear in Intermediate Examination on completion of 9 months of Practical Training on first


day of the month in which the examination is to be held.

(v)Appear and pass in both groups of Intermediate Examination.


(vi) Register for CA Final Course.


(vii) Successfully undergo Four Weeks Advanced Integrated Course on Information Technology

and Soft skills (AICITSS) consisting of Courses on Advanced Information Technology and


Management Communication Skills during the last two years of practical training but before

appearing in the Final Examination.

(viii) Appear in the Final Examination on completion of the practical training or while serving last


6 months of articled training on or before the last day of the month preceding the month in

which the examination is to be held after successful completion of AICITSS.


(ix) Complete articled training of 3 years.

(x) Pass Final Examination.


(xi) Enrol as a member of the ICAI and be designated as “Chartered Accountant”.









Provisional Registration: Candidates who are pursuing the Final year of Graduation Course shall be

eligible for provisional registration to the Intermediate Course. Such candidates would be required to

submit satisfactory proof of having passed the graduation examination with the specified percentage of


marks within such period not exceeding six months as from the date of appearance in the final year

graduation examination. During the period of provisional registration, the candidate can undergo and

complete ICITSS. It is clarified that in their case, the practical training will commence only on becoming a


graduate with specified percentage of marks. Such candidates shall be eligible for appearing in the

Intermediate Examination on completion of nine months of practical training. If such candidates fail to

produce the proof within the aforesaid period, his provisional registration shall be cancelled and the


registration fee or the tuition fee, as the case may be, paid by him shall not be refunded and no credit

shall be given for the theoretical education undergone.

Foundation Course



























Eligibility Enroll Pass Pass Foundation Enroll
CA course
for
12 th Foundation in Appear For Examination

Pass Course after Class XII Foundation

appearing in Examination Exam
12 Examination
th

About the Foundation Course


Foundation Course is the entry level for Chartered Accountancy Course. Students after

appearing in class 12th examination conducted by an examining body constituted by law in


India or an examination recognized by the Central Government as equivalent thereto, can


register & appear for Foundation Course. Students after registration to the course are required


to complete a minimum of 4 months study period from the date of registration in order to be

eligible to appear in the Foundation Examination, i.e., students registered on or before 30th


June/ 31st December will be eligible to appear in November/ May examination, as the case

may be.


Students who are Graduates/ Post Graduates with prescribed percentage marks or its


equivalent grade in the examination conducted by any recognized University (including Open


University) or Intermediate level examination passed students of The Institute of Cost

Accountants of India or The Institute of Company Secretaries of India are exempted from


passing Foundation Course. Such students on fulfilling the requirements can register directly to

Intermediate Course.




(A candidate has to register for Foundation Course by filling Online Registration Form available on ICAI website (www.icai.org) in “Course

Registration Forms” under “Students tab”.)

Subjects covered in Foundation (Fees- Rs. 9,800/-)





Paper-1: Principles and Practice of Accounting (100 Marks)

Paper-2: Business Law & Business Correspondence and Reporting (100 Marks)

Section A: Business Law (60 Marks)


Section B: Business Correspondence and Reporting (40 Marks)

Paper-3: Business Mathematics and Logical Reasoning & Statistics (100 Marks)

Part I: Business Mathematics and Logical Reasoning (60 Marks)


Part II: Statistics (40 Marks)

Paper-4: Business Economics & Business and Commercial Knowledge (100 Marks)

Part I: Business Economics (60 Marks)


Part II: Business and Commercial Knowledge (40 Marks)




➢Paper 1 & 2 are Subjective whereas Paper 3 & 4 are objective papers with negative marking.





➢ Passing criteria in Foundation Examination

Foundation Course candidate shall be declared to have passed the examination if he/ she obtains at one


sitting a minimum of 40% marks in each paper and a minimum of 50% marks in aggregate of all the

papers, subject to the principle of negative marking.

Subjects covered in Intermediate (Fees- Rs. 18,000/-)


Group I

➢ Paper-1: Accounting (100 Marks)


➢ Paper-2: Corporate and Other Laws (100 Marks)

Part I: Company Law (60 Marks) Part II: Other Laws (40 Marks)

➢ Paper-3: Cost and Management Accounting (100 Marks)

➢ Paper-4: Taxation (100 Marks)


Section A: Income-Tax Law (60 Marks) Section B: Indirect Taxes (40 Marks)

Group II


➢ Paper-5: Advanced Accounting (100 Marks)

➢ Paper-6: Auditing and Assurance (100 Marks)

➢ Paper-7: Enterprise Information Systems & Strategic Management (100 Marks)


Section A: Enterprise Information Systems (50 Marks)

Section B: Strategic Management (50 Marks)

➢ Paper-8: Financial Management & Economics for Finance (100 Marks)

Section A: Financial Management (60 Marks)


Section B: Economics for Finance (40 Marks)




(Passing Criteria- 40% in each subject and Aggregate 50% in each Group or both group Combined)

Subjects covered in Final (Fees- Rs. 22,000/-)

Group I


➢ Paper-1: Financial Reporting (100 Marks)

➢ Paper-2: Strategic Financial Management (100 Marks)

➢ Paper-3: Advanced Auditing and Professional Ethics (100 Marks)

➢ Paper-4: Corporate and Economic Laws (100 Marks)

Part I: Corporate Laws (70 Marks)


Part II: Economic Laws (30 Marks)

Group II

➢ Paper-5: Strategic Cost Management and Performance Evaluation (100 Marks)

➢ Paper-6: Elective Paper (100 Marks) (One to be chosen from the list of Elective Papers)

Elective Paper

6A Risk Management 6B Financial Services & Capital Markets

6C International Taxation 6D Economic Laws


6E Global Financial Reporting Standards 6F Multi-disciplinary Case Study

➢ Paper-7: Direct Tax Laws & International Taxation (100 Marks)

Part I: Direct Tax Laws (70 Marks) Part II: International Taxation (30 Marks)

➢ Paper-8: Indirect Tax Laws (100 Marks)

Part I: Goods and Service Tax (75 Marks) Part II: Customs & FTP (25 Marks)



(Passing Criteria- 40% in each subject and Aggregate 50% in each Group or both group Combined)

For Further Details visit-





www.icai.org

The Institute of Chartered Accountants of India




(ICAI)








Name of Course Duration Total Fees



Foundation Course 6 Months Rs. 09,800/-


Intermediate Course 3 Years Rs. 18,000/-



Final Course Rs. 22,000/-



Course on IT Rs. 6,500/-



Course on Orientation Rs. 07,000/-



Course on IT (Advanced) Rs. 07,500/-







Course on MCS Rs. 07,000/-



Total Rs. 77,800/-

Above are only official ICAI fees excluding exam fees.

“Education is an









ornament in prosperity









and a refuge in










adversity”- Aristotle.

CA Nitin P Hargude Mob 8149681963










QUERIES 43