1. What is Chartered Accountancy (CA)?
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 appeared / passed in +2 examinations having not less than 2.4 GPA from any stream can join Chartered Accountancy starting from CAP-I under ICAN.
3. What are governing bodies of CA Studies?
Prospective students with the said criteria can register through the lnstitute of Chartered Accountants of Nepal (ICAN) 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. 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. Students have got registered with the Board to pursue study.
6. What are the eligibility criteria to study Chartered Accountancy under ICAN?
The eligibility criteria to study Chartered Accountancy under ICAN and ICAI are as follows:
||At least 10+2 passed or result awaiting students having 2.4 GPA in any discipline or non-exempted Graduates.
||CAP-I passed or Exempted Graduates.
a. Commerce graduates having not less than 50% marks.
b. Non-commerce Graduates having not less than 60% marks.
*CAP- Chartered Accountancy Professional
7. What is the duration of Chartered Accountancy Course under ICAN?
8. What is Articleship?
||3 years (with articleship period)
||4 years 3 months
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 under ICAN.
9. What are the Course Modules of CA Studies under ICAN?
The CAP-I Level consists of three papers of 300 marks. Subjective and objective questions:
Fundamentals of Accounting 100
Part A: Mercantile Laws 50
Part B: Fundamentals of Economics 50
Part A : Fundamentals of Management 50
Part B : Commercial Mathematics and Statistics 50
The CAP-II Level consists of seven papers; each paper carries 100 marks and divided into
- Advanced Accounting
- Audit & Assurance
- Corporate & Other Laws
- Financial Management
- Cost & Management Accounting
- Business communication & Marketing
- Income Tax & VAT
The CAP-III Level consists of eight papers; each paper carries 100 marks and divided into two groups:
- Advanced Financial Reporting
- Advanced Financial Management
- Advanced Audit & Assurance
- Corporate Laws
- Management Information & Control System
- Advanced Taxation
- Advanced Cost & Management Accounting
- Strategic Management & Decision Making Analysis
10. 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. Registration Calender and necessary assistance is available at CCMA office.
11. 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.
12. Where are the examinations held?
Under ICAN, the examination centre will be inside & outside the Kathmandu valley as directed by ICAN.
13. Is there any restriction in number of attempts?
Under ICAN, for CAP-I and CAP-II students can attempt up to 6 times and 5 times respectively from the date of initial registration at ICAN. For CA Final level there is no restriction in number of attempts.
14. 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.
15. 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:
- Banks and Financial Institutions
- Government Departments and Regulatory Agencies
- NGO & INGOs
- Private Commercial Organizations
- Audit, Consulting & Advisiory Services
- Set up own CA firm
16. How dose CCMA serve students?
CCMA runs intensive coaching classes on all levels (CAP-I, CAP-II & CAP-III). 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.
17. What are the documents required for registration in CA, CAP- I?
The required documents for the registration are:
- Citizenship Certificates
- SLC Mark Sheet & Character Certificate
- Grade XI Mark Sheet & Grade XII exam admit card (for Provisional Reg.
- +2 Transcript & Character Certificate
- Passport Size Photographs - 6 Copies (White Background