The Institute of

Chartered Accountants of India (ICAI)

(Set up by an Act of Parliament)

Career Counselling Directorate

Chartered Accountancy Course
A Global Career with endless
Opportunities
ICAI at a Glance
The Institute of Chartered Accountants of India (ICAI) is a
Statutory body established on 1st July, 1949 by The Chartered
Accountants Act,1949 for regulating the profession of Chartered
Accountancy in the Country. The Institute functions under the
administrative control of the Ministry of Corporate Affairs,
Government of India. ICAI has 5 Regional Councils, 164
Branches covering the length and breadth of the country and 34
Chapters abroad. ICAI has grown to cross the mark of 3,00,000
members and more than 6,75,000 active students. It is the
premier Accounting Body in the country and the second largest in
the World.
ICAI is managed by a Council consisting of 40 Members out of
whom 32 Members are elected by Chartered Accountants and 8
Members nominated by the Government of India. ICAI is
responsible for administering the CA education and training and
also all activities relating to CA Students.

Career Opportunities for

CHARTERED ACCOUNTANTS
Independent Professional Practice
CAs may start independent professional practice. CA provides
compliance and review services and expert advice in Income
Tax, Indirect Tax & GST etc. CA also acts as business advisor
by providing all kinds of services including the preparation of
Financial Accounts, Project Reports, Business Strategies,
Internal Audit, Risk Assessment etc.
Management Consultancy Services
CAs play a vital role in assisting business and industry to
improve the use of their resources. The range of management
advisory services rendered by CAs includes financial planning
and financial policy determination, Portfolio Management etc.
Employment in Trade and Industry
CAs may prefer to join an Industry or Business or Trade
Organisation in Accounts, Finance, Taxation Departments and
rise hold responsibale positions as CEOs, CFOs, COOs,
Managing Directors etc.
Opportunities in Global Arena
Indian Chartered Accountants have an impressive presence
throughout the globe holding eminent positions. Many MNCs
as well as KPOs prefer Indian CAs for their expertise in IFRS,
International Taxation, International Trade Laws, Accounting
in IT environment. Employment opportunities keep increasing
year by year as economy grows.
Signature power of CAs
Tax Audit: under Income Tax Act and GST Act.
Statutory Audit: under Companies Act.
Assurance Certificate Services where it is mandatory to get
Documents, Reports, Statements certified by Chartered
Accountants under various Statues of Central Government,
State Governments, Local Authorities, Local Bodies etc.
Recognition of CA Qualification
·For pursuing Ph.D programme by many Indian
Universities
·For Doctoral Programme by Indian Institute of
Technology (IIT)
·For Fellow Programme in Management by Indian
Institute of Management (IIM)
·For appearing in Civil Services Examinations conducted
by UPSC
Memorandum of Understanding (MoU)
·Entered into MOUs with IGNOU and other Universities
for pursuing Under Graduate & Post Graduate Courses
Mutual Recognition Arrangements (MRA)
·Entered into MRAs with leading International Accounting
bodies co-recognizing the courses of each other viz.
Canada, UK, Australia, South Africa, Ireland.
To Qualify as a Chartered Accountant
Route I - Foundation Course
Under the Foundation Course Route, the following steps are
required:
Ø
Register with Institute after appearing in Class XII
examination.
Ø
Appear for Foundation examination after four months of
study period. The first Foundation examination can be
taken in November/May, as applicable, following passing
of Class XII examination.
Ø
Qualify Foundation Course.
Ø
Register with the Institute for the Intermediate Course.
Ø
Complete 8 months of Study course.
Ø
Appear and pass in either or both Groups of Intermediate
Course.
Ø
Successfully complete Four Weeks Integrated Course on
Information Technology and Soft Skills (ICITSS) before
commencement of the practical training.
Ø
Register for three years Practical Training on passing either
or both the Groups of Intermediate.
Ø
Register for the Final Course after qualifying both the
Groups of Intermediate Course.
Ø
Successfully complete Four Weeks Advanced ICITSS
during the last two years of Practical Training.
Ø
Appear in Final examination during last six months of
practical training.
Ø
Complete Practical Training
Ø
Become Member.
Route II – Direct Entry Route
The ICAI allows Commerce Graduates/Post-Graduates (with
minimum 55% marks) or Other Graduates/Post-Graduates
(with minimum 60% marks) and Intermediate level passed
students of Institute of Company Secretaries of India and
Institute of Cost Accountants of India to enter directly to its
Intermediate Course. The following steps are required to be
undertaken by the eligible Graduates and Post Graduates under
this route:
Ø Register with the Institute for the Intermediate course
(provisional registration allowed to the students doing Final
year of graduation).
Ø Successfully complete Four Weeks Integrated Course on
Information Technology and Soft Skills (ICITSS) before
commencement of the practical training.
Ø Register for Three Years Practical Training.
Ø Appear in Intermediate Examination after Nine months of
Practical Training.
Ø Qualify Intermediate Course.
Ø Register for the Final Course after qualifying both Groups
of Intermediate Course.
Ø Successfully complete Four Weeks Advanced ICITSS
during the last two years of Practical Training.
Ø Appear in Final examination during last six months of
practical training.
Ø Complete Practical Training.
Ø Become Member
NOTE: Candidates who have passed Intermediate level
examination of Institute of Company Secretaries of India
or Institute of Cost Accountants of India and enter the CA
Intermediate course directly shall be treated at par with
Foundation passed students and shall have to undergo the
CA course in the manner akin to the Foundation passed
students.

Chartered Accountancy Course

Papers of Foundation Course
Ø
Paper 1 : Principles and Practice of Accounting
Ø
Paper 2 : Business Laws & Business Correspondence and
Reporting
Section A : Section B :
Business Laws Business Correspondence
and Reporting

Ø
Paper 3 : Business Mathematics and Logical Reasoning
&Statistics
Part I : Part II :
Business Mathematics Statistics
and Logical Reasoning

Paper 4 : Business Economics & Business and Commercial

Knowledge
Part I : Part II :
Business Business and
Economics Commercial Knowledge

Papers of Intermediate Course

Group I
Ø
Paper 1 : Accounting
Ø
Paper 2 : Corporate & Other Laws
Part I : Part II :
Company Law Other Laws
Scheme of Education & Training Chartered Accountancy
Course
Ø Paper 3 : Cost and Management Accounting
Ø Paper 4 : Taxation
Section A : Section B :
Income-tax Law Indirect Taxes
Group II
Ø
Paper 5 : Advanced Accounting
Ø
Paper 6 : Auditing and Assurance
Ø
Paper 7 : Enterprise Information Systems & Strategic
Management
Section A : Section B :
Enterprise Information Strategic
Systems Management
Ø
Paper 8 : Financial Management & Economics for Finance
Section A : Section B :
Financial Economics for
Management Finance
Education and Training at a Glance
Foundation Route Direct Entry Route

Register with ICAI after Eligible to appear in

appearing in Class XII Nov/May
Examination after Class XII Exams
till June 30/Dec 31
Intermediate Commerce
Qualify Foundation students of the Graduate/
Institute of cost Post Graduate
Register for accountants of (55%)
Intermediate Course India or Institute Other Graduate/
of company Post Graduate
Complete Four Weeks secretaries
ICITSS before commencement (60%)
of India
of Practical Training

Appear and pass in

either or both groups of Register for Intermediate
the intermediate Course undergo
Four Weeks ICITSS
Register for 3 years of
Practical Training (PT)

Join 3 years Practical

Register for Training and appear in
CA Final Course after Intermediate Exam after
passing Both Groups of 9 months of Practical Training
Intermediate

Complete 4 weeks of
advanced ICITSS in the last
2 years of practical training

Complete Practical Training

Appear in final exam after

completion of practical training
and advanced ICITSS

Become Member of ICAI

Papers of Final Course
Group I
Ø Paper 1 : Financial Reporting
Ø Paper 2 : Strategic Financial Management
Ø Paper 3 : Advanced Auditing and Professional Ethics
Ø Paper 4 : Corporate and Economic Laws
Part I : Corporate Laws Part II : Economic Laws
Group II
Ø Paper 5 : Strategic Cost Management and Performance Evaluation
Ø Paper 6 : Elective Paper (One to be chosen from the list of Elective Papers)
6A Risk Management
6B Financial Services & Capital Markets
6C International Taxation
6D Economic Laws
6E Global Financial Reporting Standards
6F Multi-disciplinary Case Study
Ø Paper 7 : Direct Tax Laws & International Taxation
Part I : Direct Tax Laws
Part II : International Taxation
Ø Paper 8 : Indirect Tax Laws
Part I : Goods and Services Tax
Part II : Customs & FTP
FEE STRUCTURE (Inclusive of study material)
A. FOUNDATION COURSE B. INTERMEDIATE COURSE
Details of Fee ` Registration Options/ Both Groups
Cost of Prospectus 200 Various Charges `
Foundation Registration Fee 9,000 Registration Fee 15,000
Total 9,200 Students' Activities Fee 2,000*
Registration Fee as articled 1,000
C. FINAL COURSE
assistant
Details of Fee `
Total 18,000
Final Registration Fee 22,000
*to be paid once
D. OTHER FEE `
a. ICITSS
i. Course on Information Technology 6,500
ii. Orientation Course 7,000
b. Advanced ICITSS
i. Course on Advanced Information Technology 7,500
ii. Management & Communication Skills Course 7,000
Total 28,000

E. TOTAL FEE (Both Groups)

Details of Fee `
Total Course Fee 77,200

Earn while you Learn

(Minimum stipend)
Stipend to Articled Assistants
Classification of the normal Stipend payable per month (`)
place of service of the articled during Training Total
assistants First Second Third Stipend for
year year year Three Years
1. Cities/Towns having population 2,000 2,500 3,000 90,000
of 20 lakh and above
2. Cities/Towns having population of 1,500 2,000 2,500 72,000
4 lakh and above but less than 20 lakh
3. Cities/Towns having population 1,000 1,500 2,000 54,000
of less than 4 lakh

CHARTERED Accountancy
A highly affordable
course for all !
Campus Placement Programme – A Bird’s Eye View
Campus placements are done two times every year participated
by leading Companies and CA Firms. The average salary offered
for Sept.-Oct., 2019 recruitment is ` 9.12 lacs per annum and the
highest domestic salary ` 24 lacs per annum .
Top Recruiters during Campus Placement in
September-October 2019
ORGANIZATIONS
PricewaterhouseCoopers Service Delivery Center (Kolkata) Private Limited
Genpact India Pvt. Ltd.
Tata Consultancy Services Ltd.
ICICI Bank Ltd.
Axis Bank
Deloitte Haskins & Sells LLP
Macquarie Global Services
The Federal Bank Limited
Barclays Global Service Centre Private Limited
Accenture Solutions Pvt. Ltd.
BSR & Co LLP
DXC Technology

PROMINENT CHARTERED ACCOUNTANTS

CA. Piyush Goyal

• Minister of Railways and Commerce, Government of India

CA. Suresh Prabhakar Prabhu

• Former Union Cabinet Minister, Government of India

CA. Kumar Mangalam Birla

• An Indian billionaire industrialist and the Chairman of
the Aditya Birla Group, one of the largest conglomerates
in India

CA. Harish Salve

• Former Solicitor General of India
• Senior Advocated in Supreme Court.
• He was awarded with the distinguished Padma Bhushan
for his contributions in Public Services
CA. Sudha Balakrishnan
• Executive Director of RBI.
• First ever Chief Financial Officer chosen by the RBI.

CA. Naina Lal Kidwai

• Formerly a Group General Manager and currently the
Country Head of HSBC India.
• Whe was awarded with the distinguished Padma Shri for
her contributions in the areas of trade and industry.

CA. Rakesh Jhunjhunwala

• An Indian Billionaire Investor and Trade & He is
commonly referred as the ‘Warren Buffet of India’.
 CA. Atul Kumar Gupta CA. Nihar Niranjan Jambusaria
President, ICAI Vice President, ICAI

CAREER COUNSELLING DIRECTORATE, ICAI

FOR THE YEAR 2020-21

CA. Prasanna Kumar D CA. Pramod Kumar Boob

Convenor Deputy Convenor

–: Members :–
CA. Nandkishore Chidamber Hegde Central Council Member Mumbai
CA. G Sekar Central Council Member Chennai
CA. M P Vijay Kumar Central Council Member Chennai
CA. (Dr.) Debashis Mitra Central Council Member Guwahati

Secretary, Career Counselling Directorate

The Institute of Chartered Accountants of India
ICAI Bhawan, A-29, First Floor, Administrative Block, Sector-62, Noida (U.P.), Pin-201309
E-mail: [email protected], Telephone-0120-3876871 / 886