Chartered Accountancy (CA) is a professional course in accounting that equips you to deal with areas of Accountancy, Auditing, Cost Consultancy, Taxation, Legal Matters and Management Consultancy. The course involves a blend of theoretical education and practical training which run concurrently for a period of three years and equips a student with knowledge, ability, skills and other qualities required for a professional accountant.
2. Who can study Chartered Accountancy?
Students who have passed/appeared in final year of +2 examinations from any stream can join Chartered Accountancy starting from CAP-I/ CPT under ICAN / ICAI.
3. What are governing bodies of CA Studies?
Prospective students with the said criteria can register through the Institute of Chartered Accountants of Nepal (ICAN) /the Institute of Chartered Accountants of India (ICAI) to pursue the CA Studies.
4. What is ICAN?
ICAN stands for The Institute of Chartered Accountants of Nepal, an autonomous body established under Chartered Accountants Act, 1997, enacted by parliament of Nepal to regulate CA profession in Nepal.
5. What is ICAI?
ICAI stands for The Institute of Chartered Accountants of India, an autonomous established under Chartered Accountants Act, 1949, enacted by parliament of India to regulate CA profession in India.
6. Which board is more preferable, ICAN or ICAI?
Well, it depends on the personal interest and scope of career opportunities. Students are advised to join ICAN who wish to complete CA studies in their home ground and claim the opportunities, whereas students who choose ICAI board are best recommended to pursue their final level studies in India for more exposures. However, CPT and IPCC can be studied in Nepal.
7. Why CPT & IPCC in Nepal?
As India is an expansive market for CA Studies with bigger crowd and larger volume of students in the class. Whereas studying in Nepal for CPT/ IPCC students can gain intensive personal cares, frequent model test and conducive study environment to the beginners. However, in the final level students are advised to study in any state of India.
8. Which University imparting CA education?
No university in the world imparts CA education; every country has its autonomous body established under the Act of Parliament, like The Institute of Chartered Accountants of Nepal (ICAN) for Nepal and The Institute of Chartered Accountants of India (ICAI) for India. Students have got registered with the Board to pursue study.
9. What are the eligibility criteria to study Chartered Accountancy?
The eligibility criteria to study Chartered Accountancy under ICAN and ICAI are as follows:
Under ICAN
| Level | Required eligibility |
| CAP-I/ Foundation | At least 10+2 passed or result awaiting students in any discipline or non-exempted Graduates. |
| CAP-II/ Intermediate | CAP-I/ Foundation passed or Exempted Graduates. Exempted Graduates a. Commerce graduates having not less than 50% marks. b. Non-commerce Graduates having not less than 60% marks. |
| CAP-III/ Final | CAP-II/ Intermediate Passed |
Under ICAI
| Level | Required eligibility |
| CPT | 10+2 runners/ passed students |
| IPCC | CPT Passed or Exempted Graduates. Exempted Graduates a. Commerce graduates having not less than 55% marks. b. Non-commerce Graduates having not less than 60% marks. |
| CA Final | IPCC passed |
10. What is the duration of Chartered Accountancy Course?
The duration of Chartered Accountancy Course under ICAN and ICAI
Under ICAN
| Level | Duration |
| CAP-I/ Foundation | 8 months |
| CAP-II/ Intermediate | 1 year |
| CAP-III/ Final | 3 years (with articleship period) |
| Total: | 4 years 8 months |
Under ICAI
| Level | Duration |
| CPT | 6 months |
| IPCC | 9 months |
| CA Final | 3 years (with articleship period) |
| Total: | 4 years 3 months |
11. What is articleship?
A student is required to undergo about 3 years of practical training known as articleship. The Chartered Accountancy course, thus, involves a unique blend of compulsory theoretical education and practical training, which runs concurrently for a period of 3 years. Theoretical knowledge is integrated and reinforced with practical training. The practical training of 3 years should be done after the completion of CAP-II/IPCC under ICAN/ICAI.
12. What are the Course Modules of CA Studies?
Under ICAN
CHARTERED ACCOUNTANCY PROFESSIONAL
CAP-I/ FOUNDATION LEVEL
The CAP-I Level consists of three papers of 300 marks. Subjective and objective questions:
Paper-IFundamentals of Accounting 100
Paper-II
Part A: Mercantile Laws 50
Part B: Fundamentals of Economics 50
Paper-III
Part A : Fundamentals of Management 50
Part B : Commercial Mathematics and Statistics 50
CHARTERED ACCOUNTANCY PROFESSIONAL
CAP-II/ INTERMEDIATE LEVEL
The CAP-II Level consists of seven papers; each paper carries 100 marks and divided into
two groups:
Group-I
- Advanced Accounting
- Audit & Assurance
- Corporate & Other Laws
Group-II
- Financial Management
- Cost & Management Accounting
- Business communication & Marketing
- Income Tax & Vat
CHARTERED ACCOUNTANCY PROFESSIONAL
CAP-III/ FINAL LEVEL
The CAP-III Level consists of eight papers; each paper carries 100 marks and divided into
two groups:
Group-I
- Advanced Financial Reporting
- Advanced Financial Management
- Advanced Audit & Assurance
- Corporate Laws
Group-II
- Management Information & Control System
- Advanced Taxation
- Advanced Cost & Management Accounting
- Strategic Management & Decision Making Analysis
Under ICAI
CPT (Common Proficiency Test)
The CPT Level consists of four papers, divided into two sections and each section carries
100 marks. Objective questions only.
- Fundamentals of Accounting
- Mercantile Laws
- Mathematics & Statistics
- Economics
IPCC (Integrated Professional Competence Course)
The IPCC level consists of seven papers; each paper carries 100 marks and divided into
two groups:
Group I
- Accounting
- Law, Ethics & Communication
- Cost Accounting and Financial Management
- Taxation
Group II
- Advanced Accounting
- Auditing & Assurance
- Information Technology & Strategic Management
CA Final
The Final Course consists of eight papers; each paper carries 100 marks and divided into
two groups:
Group I
- Financial Reporting
- Strategic Financial Management
- Advanced Auditing and Professional Ethics
- Corporate and Allied Laws
Section A: Company Laws
Section B: Allied Laws
Group II
- Advanced Management Accounting
- Information Systems Control and Audit
- Direct Tax Laws
- Indirect Tax Laws
Section A: Central Excise
Section B: Services Tax & VAT
Section C: Customs
13. What are the dates of registration for Chartered Accountancy Course?
Registration is open throughout the year to eligible students. However as the examinations are held in June and December under ICAN and June & December for CPT and May & November for IPCC & Final level under ICAI. Registration Calender and necessary assistance is available at CCMA office.
14. Is it really hard to study Chartered Accountancy as is generally understood?
As the saying says, "Nothing is possible for those, who do nothing" Chartered Accountancy education requires in depth dedication and regular labour with genuine effort for the successful completion of the course.
15. Where are the examinations held?
Under ICAN, the examination centre will be inside the Kathmandu valley as directed by ICAN. However the examination under ICAI will be as per the provision of Board.
16. Is there any restriction in number of attempts?
Under ICAN, for CAP-I and CAP-II students can attempt up to 10 consecutive times and under ICAI for CPT and IPCC students can also attempt up to 10 consecutive times. For CA Final level there is no restriction in number of attempts under ICAN and ICAI.
17. Is it possible to study College programs while studying CA?
Yes, it is quite possible as well as a need for CA professionals to gain more market opportunities and exposures. However, Students are advised to join BBS program in any colleges.
18. What is the recognition of CA course?
Chartered Accountancy is an academic as well as professional education course and the CAs produced under ICAN and ICAI are globally recognized.
19. What are the scopes/ job opportunities of Chartered Accountants (CA)?
Chartered Accountants occupy the prominent role of higher-level executives in our economy and society. Members of this profession play a dominant role in:
- Audit firms
- Management and financial consulting organizations
- Various private commercial organizations
- Government departments and regulatory agencies
- Banks and financial services organizations
- Tax consultants
- Academic institutions
- Set up own CA firm
20. How dose CCMA serve students?
CCMA runs intensive coaching classes on all levels (CAP-I, CAP-II & CAP-III)/ CPT and IPCC under ICAN and ICAI respectively. CCMA not only provides the coaching classes but it also does the work of registration of students at their preferred Board along with the high class education environment to students so that they could well build up their career in CA profession.
21. Why CCMA for CA education?
Founded in 2003, CCMA deserves an established status in market with its wide recognition among CAs, management leaders and academicians. As of now the institution has already produced more than 45 Chartered Accountants who are successfully placed into reputed organizations. Well equipped learning centre, experienced faculties, supportive management and conducive environment are the major strengths of CCMA. Thus, the institution has become a proven platform of toppers, accredited by ICAN.
