Chartered Accountancy is a professional course in accounting introduced in 1949. The Institute of Charted Accountants of India (ICAI), formed in 1949, is both an examining and licensing body. The three - and - a - half year training is very comprehensive and covers all aspects of practical training such as accounting, auditing, taxation and financial analysis.
With the introduction of CPT, now after completing Class XII, it only takes four years to become a Charted Accountant. The profession offers cent present job assurance. Though around 10,000 CA professionals graduate every year, the demand and supply gap still exists. According to an estimate, India would need 50,000 CA by the end of 2010.
Charted Accountant (CA) course is one of the most economical professional courses available in India. The course is open to all. There is no cut-off mark or minimum mark. Anybody who has passed 10+2 from a recognized institute can register for the course. However students with a background in mathematics in Class XII will be at an advantage.
Common Proficiency Test is an entry level examination for admission to the Chartered Accountancy Course. A 10th Passed student can register for CPT Course by filling in the prescribed registration form along with the requisite fee. A student who has passed higher qualifications than 10th class such as B.Com, M.Com, LL.B., ICWA, CS, MBA is also, in the first instance, to appear and pass CPT Examination to join the Chartered Accountancy Course. CPT is an objective type test to be held every February, May, August and November. This will reduce long waiting for entry to the chartered accountancy education and training.
Common Proficiency Test will be an objective type multiple choice based examination. Candidates will be allowed to opt for Hindi medium Question Paper Booklet for answering the questions. Detailed information will be found given in the Information brochure. Common Proficiency Test (CPT) is open only to those students who are already registered with the Institute of Chartered Accountants of India for the said course and fulfill the requisite eligibility conditions.