Chartered Accountancy Education and Future Prospects

Chartered Accountancy is a professional education course. Chartered Accountancy profession occupies a prominent role of higher level executives in our society, economy, trade and business, banking, education, taxation, finance, etc. Chartered Accountancy in other words means a door to a secured and sophisticated carrier. Student who have cleared or appeared in final year of 10+2 or intermediate level in any stream can study Chartered Accountancy starting from CA Foundation/PE 1. However, students who have passed passed bachelor with prescribed percentage may directly join intermediate/ PE II level. The students waiting for results can also join Chartered Accountancy. They have to get registered provisionally and submit the proof of passing to the Institute of Chartered Accountants of Nepal (ICAN) or Institute of Chartered Accountants of India within 6 months of their registration and failing to provide this record will cause the cancellation of their registration. Provisional registration for CA foundation and PE I is available from both Board. However provisional registration for PE II level is available only under ICAI. CA education can now be completed in Nepal itself. Full facilities including classes and training are available in Katmandu. However if desired, students may go to other countries for the same. After getting registered, with the concerned board (ICAN or ICAI), students may take private coaching classes and prepare for the exam.CA education is not imparted by any university in the world. For CA education, every country has its autonomous body established under the Act of parliament, like the ICAN for Nepal. Students have to get registered with the board and may take private coaching classes. Students can register in any board as their self interest. And there is not any provision of interchange between ICAN and ICAI. Eligibility Criteria: 1. Under ICAN CA Foundation: Intermediate levels pass or result waiting or non-exempted Graduates. CA intermediate: CA foundation pass, exempted graduates (commerce graduate having more than 50% marks, non-commerce with math 60% marks, non commerce without math 55% C CA Final: CA intermediate pass 2. Under ICAI Professional Education-I (PE I): Intermediate levels pass or result waiting or non-exempted Graduates. Professional Education-I (PE II) : PE I pass, exempted graduates (commerce graduate having more than 50% marks, non-commerce with math 60% marks, non commerce without math 55% C CA Final: PE II pass Registrations are open thought the year and examination are held in June and December under ICAN and May and November under ICAI. Therefore, you are advised to register within the prescribed time. Examinations are held inside the Katmandu valley. Depth dedication and genuine effort is needed for the completion of CA course. You can do your CA with other program like BBS and BBA, etc. Future Prospects: you can work as Accountant, Manager, Financial Analysist, Auditor, Academician, Economist, Tax advisor, Planner. Etc. there are more demanding of CAs in the Nepali market in business and other sector. CA course is recognized by TU as Master's degree and you can pursue your higher degrees leading to PhD.

Subjects, Duration and Cost of CA Courses

Subjects, Duration and Cost of CA Courses Under ICAN Foundation Level: Fundamentals of Accounting, Mathematics and statistics, Economics, Mercantile law. Intermediate level: (Group 1) Advanced Accounting, Auditing, Corporate laws and (Group 2) Cost Accounting, Income tax and VAT, Organization and Management, Fundamentals of electronic data processing. Final Level: (Group 1) Advanced accounting, Management accounting and financial analysis, Advanced Auditing, Corporate Law and (Group 2) Cost Management, Management information and control system, direct tax and related laws, indirect tax. Under ICAI PEI: Fundamentals of Accounting, mathematics and statistics, economics, business communication and organization management PEII: (Group 1) Accounting, Auditing, Business and corporate laws and (Group2) cost accounting and financial management, income tax and central sales tax, information technology. Final: Group 1, advanced accounting, management accounting and financial analysis, advanced auditing, corporate laws and secretarial practice and (Group2) Cost management, management information and control system, direct taxes, indirect taxes. What is the duration of Chartered Accountancy Course? The duration of CA under ICAN CA foundation: 1 Year CA Intermediate: 1 Year CA final: 3 years (with articleship period) Then duration for CA under ICAI Professional Education I: 1 Year Professional Education II: 1 Year CA final: 3 years (with articleship period) Estimated Expenses in NRs: Total Cost is estimated from NRs. 100, 000 to NRs150, 000 for total duration. Students also receive stipend during the Articleship period so they only spend NRs 50,000-70,000 for total course. Actually registration cost is not expensive you need to pay higher amount for tuition and examination. This is a rough estimated cost. The college or tuition provider will provide you the detail cost plan. It varies institution to institution.

The list of Institutions which provide tuition

The list of Institutions which provide tuition 1. Chartered Academics International P.Ltd. P O Box: 10228, Opposite of Shankar Dev Campus, Putalisadak, Nepal Phone 01-4223651, 4258512, 4228773, email: caipl@wlink.com.np www.cainnepal.com 2. Nepal College of Accountancy Putalisadak, New Plaza Phone: 4424932 www.nca.edu.np this is a ACCA and CAT tuition provider of ACCA UK. 3. ICAN Babarmahal, Kathmandu, Nepal Phone: 4269130, 4258569 www.ican.org.np 4. ACCA Nepal representative Office Sanepa, Lalitpur, Phone: 5551126 www.accaglobal.com 5. Certified Chartered Accountancy Putalisadak, Kathmandu Phone: 6209141 6. ECTA management Academy Putalisadak, Kathmandu Tel: 2013298, 016204425 info@ecta.edu.np This academy provides Post Graduate Diploma in Accounting Management (PGDAM) for 10+2 and Bachelor students. This is a 6 months program however after 3 months they will do job placement in renowned organization. Courses are compatible with accounting software and practical training. Total cost for 3 installments Rs. 42500.