Is Chartered Accountancy your dream.. Then this is the procedure

Chartered accountant

Chartered accountancy is a profession that offers job opportunities in the areas of accounting; auditing; corporate finance; project evaluation; company and other business laws; taxation; and corporate governance. The Institute of Chartered Accountants of India ( www.icai.org) regulates the profession. It has branches all over the country. It trains students, conducts examinations and grants membership.

The steps to become a chartered accountant are the following.

•Enrol with the Institute for Common Proficiency Test (CPT) after passing the 10th standard examination.

•Appear in the CPT after appearing in the higher secondary examination.

•After passing CPT and the higher secondary examination, join the professional competence course (PCC) and articled training, and also register for 100 hours of information technology training.

•Complete 15 months as articled assistant in the office of a chartered accountant and the prescribed IT training, and then appear in the professional competence examination (PCE).

•After passing PCE, register for the Final course. Complete the articled training of 3 years, and pass the Final examination. May undergo the general management and communication skills course (GMCS) while doing the final course.

•Enrol for membership.

Subjects of study

•CPT

Fundamentals of accounting; mercantile laws; general economics; and quantitative aptitude

•PCE

Advanced accounting; auditing and assurance; law, ethics and communication; cost accounting and financial management; taxation; information technology and strategic management

•FINAL

Financial reporting; strategic financial management; advanced auditing and professional ethics; corporate and allied laws; advanced management accounting; information systems control and audit; direct tax laws; and indirect tax laws