CPT

CPT

Essential Qualities to
become CA

WATCH TIME
MAINTAIN SPEED

HIT THE TARGET

2

C. A .

CPT
A simplified
entry to

C. A.
Course

CPT

Welcome

To a fantastic journey of knowledge

And wisdom.
A journey that shows you the way to
A paying and satisfying career.
Welcome to a presentation On
Everything you wanted to know about
How to become a
Chartered Accountant
But didnt know where to ask
4

CPT

About

The Institute of Chartered

Accountants of India
and
A Chartered Accountant

CPT

ICAI New Delhi

The ICAI has been established by an Act of the

Parliament in 1949.
Membership of ICAI is as follows
Member 1.4.2013
s

1.4.201
2

1.4.200
9

in
Practice

1,02,824

47.5
0

91,487

48

78,673

51

in
Service

1,13,635

52.5
0

1,01,02
6

52

74,927

49

Total 2,16,459

100

1,92,51

10 1,53,60

10 6

CPT
Country

USA

World Statistics - 2003

Populatio No. of 1 CA per

CA per
n
CA, CPA Populatio 10,000
(Millions)
populati
n of
on
228

3,35,00
0

680

15

Australia

20

36,000

555

18

UK

59

1,25,00
0

472

21

New
4
27,000
148
Zealand
Best
Opportunities in India for C.A. !!!
India
1027 1,10,00
9,336

68
1

CPT

ICAI, New Delhi

Type of Members
A. C. A. ( Associate Member of The Institute

of Chartered Accountants of India)

F. C. A. ( Fellow Member of The Institute of

Chartered Accountants of India) Fellowship

is given after 5 years of Practice
Types of Certificates
Certificate of Membership Cannot practice
Certificate

Profession

of

Practice

Can

Practice
8

CPT

ICAI Contact

Head Office :

Western India Regional Office :

Local Branch Pune Branch :

Local Branch Pimpri Chinchwad

Branch :

Anveshak", 27 Cuffe Parade, Colaba

Indraprastha Marg,
Post Box No. 6081,
New Delhi - 110 002.
Tel. No. 91(11) 3989 3989, 3011 0404 Mumbai - 400 005.
Tel. No. (9522) 563 75 000
Web Site: www.icai.org
E-mail wro@icai.org

'ICAI Bhavan' Plot No. 8,

Parshwanath Nagar,
Opp. Kale Hospital,
Near Mahavir Electronics,
Bibvewadi, Pune - 411 037.
Tel. No. (020) 24212251.
E-mail pune@icai.org

Office No. 2, Prime 12 Appt., Plot No.

H-1, Sector 26, Business District Nex
to Kendriya Sadan, PCNTDA, Akurdi,
Pune 411 044.
Tel No. : 3233 4597
E-mail pimpri.chinchwad@icai.org
9

Western India Region (WIRC)

Southern India Region (SIRC)
Eastern India Region (EIRC)
Central India Region (CIRC)
Northern India Region (NIRC)

CPT

What CA can do?

CA in Practice

Auditing and
Assurance
Services

Statutory Audits
Internal Audits
Certification

Tax Services

Direct Taxes
Indirect Taxes

Financial
Services

Project planning
Working Capital
Management
Investment Banking

Other Services

Accounting services
Business Valuation
Financial Reporting
Cost Accounting

11

CPT

What CA can do?

CA in Service

Executives

Chief Executive Officer

Chief Financial Officer
Chief Accountant
Management Accountant

Others

Bureaucrats
Lecturer
Consultant
12

CPT

What CA can do?

13

CPT

About

C. A. Course

14

CPT

Why to opt for CA

Course?

High recognition in the Society.

Chartered Accountants are required by every commercial
enterprise.
No post qualification gestation period.
C.A. Course backed by theoretical and practical knowledge.
During Articleship practical exposure is available.
High remuneration prospects & Job Satisfaction.
Course has constitutional support.
C.A. course offered by ICAI has been ranked No. 2,
worldwide.

15

CPT

Why to opt for CA

Course?

A Chartered Accountant has a versatility in

Career choosing: Whole time Service
Whole time Practice
Part Time Service / Part time Practice
Business / Entrepreneurship
Industry
16

C.A. A respected
CPT Professional
High Remuneration
opportunityRemuneration
Experience
Upto 2 years
3 5 years
6 10 years
10 20 years
Above 20 years

`
`
`
`
`

6,00,000
12,00,000
18,00,000
24,00,000
36,00,000 +++

17

CPT

Personality Traits
developed
during C. A. Course

1. Development of intelligence
2. Analytical mind
3. Communication skills
4. Self determination
5. Hard working attitude
6. Patience
7. Ambition
8. Self confidence
9. Commitment
Medium of instructions
10. Forward looking
( Local / English ) up to 12th
11. Optimism
standard
12. Courage

is not a barrier

18

CPT

Road map to Destiny

19

CPT

C.A. Course Begins

with CPT
20

CPT

About CPT

CPT is entry Level Examination for C.A.

course. CPT is objective type examination
requiring student to answer 200 Multiple
Choice questions.
It is similar to MH-CET examination,
conducted for Engineering and Medical
Profession.
CPT Examination is now conducted two
times a year, in June and December only.
CPT exam is conducted physically and not online.

21

CPT

Objectives of CPT

To focus on career at 10th passing level.

Elimination of prolonged entry norm to CA
course and become professional at the age of
21.
Registration
after
10th
Standard
and
preparation while pursuing the 10 + 2 study.
To attract young talented students
To inculcate the analytical ability through
Multiple Choice Questions, Case studies

CPT is NOT compulsory for Graduates as at present.

22

CPT

CPT Subjects for

Study

Subjects
Session I (10.30 a.m. to 12.30
noon)
Section A: Fundamentals of
Accounting
Section B: Mercantile Laws
Session II (2 p.m. to 4 p.m.)
Section C: General Economics
Section D: Quantitative Aptitude

Marks

60
40

50
50

Exam
Time
Two
Hours

Two
Hours

Total
200
Expected Level of Knowledge : Basic
Knowledge
23

CPT

CPT Passing Criteria

Student has to obtain 30% marks in

each subject AND 50% of total Marks
for passing CPT.
Negative marking of 0.25 Marks for
every incorrect answer.
Blank answer will fetch Zero marks.

bject wise passing is NOW required from CPT June 2013 Examinati
24

Marks Evaluation
System

CPT

Subject

Correct
Wrong
Blank
Answers Answers Answers

Total
Marks

% Marks

Accounting

40

12

37.00

61.67%

Law

25

23.50

58.75%

Economics

28

12

10

25.00

50.00%

Maths

25

19

20.25

40.50%

105.75 52.88%

Result : PASS
25

CPT

Marks Evaluation
System

Correct
Answers

Wrong
Answers

Blank
Answers

Total
Marks

% Marks

Accounts

45

43.25

72.08%

Law

25

23.50

58.75%

Economics

12

18

20

7.50

15.00%

Maths

41

14

39.75

66.25%

114.00

54.29%

Subject

Result : FAIL EVEN THOUGH TOTAL IS > 50%

26

CPT

CA Course Time Table for Student

appearing 12th Exam in Feb 2014
Option I CPT after 12th Exam

CPT In June 2014

H.S.C./C.B.S.E.
2013-14

CPT
June 2014

Become
C.A. in
May
2018
Exam

IPCC
May 2015

100 Hours ITT &

35 Hrs Orientation

Articleship
1 Aug. 2015 to 31st July 2018
st

CA Final in May 2018

27

CPT

CA Course Time Table for Student

appearing 12th Exam in Feb 2014
Option II CPT after 12th Result

CPT In Dec. 2014

H.S.C./C.B.S.E.
2013-14

CPT
December 2014

Become
C.A. in
Nov.
2018
Exam

IPCC
Nov 2015

100 Hours ITT

& 35 Hrs Orientation

Articleship
1 Feb. 2016 to 31st Jan 2019
st

CA Final in Nov 2018

28

CPT

CA Course Time Table for Student

appearing 12th Exam in Feb 2015
Best Option CPT along with 12th

CPT In June 2015

H.S.C./C.B.S.E.
2014-15

CPT
June 2015

Become
C.A. in
May
2019
Exam

IPCC
May 2016

100 Hours ITT

& 35 Hrs Orientation

Articleship
1 Aug. 2016 to 31st July 2019
st

CA Final in May 2019

29

CPT

CPT Registration
Registration for CPT
After Passing 10th Exam
Submissions for Registration
1. 10th Mark Sheet
2. Birth Date proof
3. DD of Rs.6,000
ICAI Grants Registration
Give CPT Exam only after
appearing in 12th or
10 +2 Exam
(even before result)
30

CPT

After CPT join

CA Intermediate (IPCC)
31

CPT

CA Inter (IPCC) - Eligibility

1. Student has passed CPT and 10 + 2

Exam.
2. Student has registered for IPCC at least 8

months before examination.

32

CPT
Group
1

Subjects for IPCE

Subjects

Marks

Accounting

100

Law Ethics and Communication

100

Cost Accounting
Financial Management

50
50

100

Taxation
Part I :Income tax
Part II: Service tax and VAT

50
50

100

Advanced Accounting

100

Auditing and Assurance

100

Information Technology and Strategic

Management
Section A: Information Technology
Section B: Strategic Management
Total
Expected Level of Knowledge
: Working Knowledge
Passing % = 40% in each Subject & Aggregate 50%

50
50

100
700
33

CPT

100 Hours Information

Technology Training (ITT)

The student is required to undergo

100 Hours of ITT with ICAI after giving
IPCC

Exam

but

before

commencement of Articleship.
Course materials will be provided by
ICAI.
34

CPT

Orientation
Programme

The Program will be conducted by ICAI for One

Week for 35 Hours.
The Program Covers following areas
Personality Development
Communication skills
Office Procedures
Business Environment
General Commercial Knowledge.
Orientation & ITT both are to be completed after
giving IPCC Exam but before commencing
Articleship i.e. during Holidays after IPCC Exam.
35

CPT

Articleship begins after

passing IPCC
Final Course Journey to
destiny
36

CPT

Articleship

37

CPT

Articleship

To begin Articleship student should pass at

least Group 1 (not necessarily Both Groups) of
IPCC and should have completed ITT of 100
Hours and Orientation of 35 Hours.
The unique requirement of practical training is
instrumental in Shaping a well rounded
professional.
Total Duration: 3 years.
Last 1 year student can join for Industrial
Training. Stipend is paid during the Articleship
period.

38

CPT

Attribute developed
during Articleship

Inculcates a disciplined attitude for hard work.

Develops

necessary

skills

in

applying

theoretical knowledge to practical situations.

Provides exposure to overall socio economic
environment in which organisations operate.
Develops ethical values.

39

CPT

Articleship Work
experience

Accounting
Auditing (including internal audit)
Taxation (Direct and Indirect)
Information technology
Management Consultancy
Other areas
40

CPT

Articleship Minimum
Monthly Stipend
Stipend Payable

No
.

City Classification

1st
Year
`

2nd
Year
`

3rd
Year
`

Population of 20 Lakhs
& above

1000

1250

1500

Population of 4 Lakhs
to 20 Lakhs

750

1000

1250

Population less than 4

500
750
1000
lakhs
In Pune Stipend is paid within the range of
` 2000 3000 4000 p.m.
in the 1st, 2nd & 3rd year respectively.
41

CPT

Final Course

42

CPT

CA Final

Case Study approach

Study at advanced level
Application of knowledge gathered during
Articleship
Case laws
Interpretation of statutes

43

CPT

CA Final Subjects for

Study

Group
I

II

Subjects

Marks

Financial Reporting

100

Strategic Financial Management

100

Advanced Auditing & Professional ethics

100

Corporate Laws and Secretarial Practice

100

Advanced Management Accounting

100

Information Systems Control

100

Direct Taxes

100

Indirect Taxes

100
Total

800

Passing % = 40% in each Subject & Aggregate 50%

Expected Level of Knowledge : Advanced Knowledge

44

CPT

CA Course
Expenses Estimate

45

CA Course Expenses
Estimate

CPT

Expense

Common Proficiency Test

(Duration-3 Months)
i) Tuition Fees (Approx)

30,000

ii) ICAI Registration Fees & ICAI Examination Fees

7,000

iii) Books & Periodicals

2,000

iv) Miscellaneous Expenditure

2,000

41,000

46

CPT

CA Course Expenses
Estimate

Expense
Integrated
(IPCC)

Professional

Competence

`
Course

(Duration-9 Months)

55,000

i) Tuition Fees (approx)

21,000

ii) ICAI Registration, ITT, Orientation & Examination

Fees
iii) Books & Periodicals

2,000
2,000

80,000

iv) Miscellaneous Expenditure

C. A. Final (Duration 3 Years)

i) Tuition Fees (approx)

55,000

Ii) ICAI Registration & Examination Fees

10,000

iii) Books and Periodicals

6,000

iv) Miscellaneous Expenses

4,000

75,000 47

CPT

CA Course Expenses
Estimate

Expense

Less: Stipend received during Article ship

i) 1st Year @ Rs. 2000 p.m.

24,000

ii) 2nd Year @ Rs. 3000 p.m.

36,000

iii) 3rd Year @ Rs. 4000 p.m.

48,000

Total Estimated Expenses

1,08,000

88,000

48

CA Course Expenses
CPT Summary
Course

CPT

41,000

IPCC

80,000

Final

75,000
Sub total 1,96,00
0
Less: Stipend 1,08,00
0

Net Cost 88,000

Annual Cost of C.A. Education ` 22,000 (88,000/4)
49

CPT

CA Course No Of
students

Students Annually registered :

CPT

1,50,000

PCC / IPCC

60,000

Final

40,000

50

CPT
No.

What
is
the
difference
between
Chartered Accountancy Examination and
University Examination ?

University Exam

CA Exam

Passing Percentage - 40 %

Passing Percentage - 50 %

Reasonable
Standard

Placement only in India

Placement in India and Abroad

Working Knowledge

Expertise Knowledge

Set pattern of Examination

Continuous Dynamic change in

question pattern

Passing Percentage is High Passing Percentage

(Majority )
(Minority )

Ordinary Examination

Service at Department Level

Examination High Examination Standard

is

Low

Professional Examination

Service at Department Head

Change the path from Majority
to Minority.
Level
Turn the life. Avail the opportunity.

51

CPT

Sweet fruits of
Education

The roots of education are bitter, but the

fruit is sweet - Aristotle

52

CPT

Success

Path of success is to choose

Right Path at Right point of time.

53