YOUR GATEWAY TO A CAREER IN CHARTERD ACCOUNTANCY
A CA’s role in management has become important enough to sink or save the company; it’s all about skill. The cost and works accountant collects, assimilates, collates and analyses financial information from every angle and then interprets those numbers for the management. The CWA is now an essential part of any corporate strategy – whether he or she is an employee or a consultant on retainer.
The Institute of Cost and Works Accountants of India (ICWAI) aims to meet the demand for these highly skilled professionals through its premier training programs in any arena, whether in India or abroad, where they are known as Management Accountants. And managers they are, because they play a key pivotal role in consultations, audits and strategy formation.
These days, everything is about economies and streamlining processes. Increasing competitive pressure has led to many organisations and enterprises to interweave cost and management accountancy into their own management systems. And so CWA (Cost and Works Accountancy) was born in the last century.
SUBJECTS OF IPCC
IPCC exams are held in MAY and NOVEMBER Every Year
Alternatively there is a Direct Entry Scheme to Intermediate (IPC) Course (i.e. without having to clear CPT) for Commerce Graduates/Post-Graduates (with aggregate of at least 55% marks) ,Other Graduates/Post-Graduates (with aggregate of at least 60% marks), Candidates who have passed Intermediate level examination of the Institute of Company Secretaries of India (ICSI), Candidates who have passed Intermediate level examination of the Institute of Cost Accountants of India (ICWAI)
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STEPS TO BE TAKEN TO BECOME A CHARTERED ACCOUNTANT
Register & Study For Common Proficiency Test
Pass Class 10 Examination and register with the Board of Studies of CA Institute for COMMON PROFICIENCY TEST (CPT)
Collect Study Package and prepare for the test by reading the study material.
Simultaneously study and appear for 12th (10+2) Examination.
After appearing for 12th appear in Common Proficiency Test.
CPT exams are held in JUNE and DECEMBER Every Year.
Common Proficiency Test At A Glance
It is an entry level test for Chartered Accountancy.
It is a test of four subjects:
(a) Accounting (60 Marks)
(b) Mercantile Laws (40 Marks)
(c) General Economics (50 Marks)
(d) Quantitative Aptitude (50 Marks)
Coaching available for Papers a,b,c
CPT is an objective type test with negative marking of 0.25 marks for choosing wrong options.
The test is of 200 marks and passing marks are 100.
The test is divided into two sessions of two hours each with a break in between
Intermediate (IPC) Course (IPCC)
A candidate is eligible for enrolment for IPCC on passing the Common Proficiency Test (CPT) and 12th (10+2) Examination.
After registering for IPCC a candidate has to undergo a self study course of 9 months.
A candidate has to complete Orientation Programme of 35 Hours and 100 Hours of Information Technology Training (ITT) during the study course of 9 Months and then appear for IPCC exam.
The subjects of IPCC are classified into two groups which a student can study an appear in the examination either group-wise or both the groups together.
In order to qualify for Articleship (3 years) it is mandatory for a student to Pass GROUP I of IPCC.