Misnomers
CA course was considered to be very expensive………!.. A course only rich people could afford…!. It was time taking ie, long time ……!. Needed much effort……………! Telugu Medium students could not make it through……! Only commerce students could manage it ………!. These are all misconceptions only.
Here are the facts
A : CA course was tough in the past, not now. Now-a-days average commerce students can succeed easily. It is equally beneficial for MPC students also. It is easier than EAMCET in terms of studies and facilitating them to earn money on a par with IIT ans. So to say, our present generation is able to make CA successfully.
A : Absolutely.
A : This is another misconception only. The genuine fact is that one can finish CA course even before 21 years of age.
A : Students from rural back ground and Telugu Medium are among the TOP Rankers at Superwhizz.e.g : Tulasi das from the Andaman Islands came to us with Telugu Medium, but got All India 1st Rank.
A: No, one can finish the CA course with the least expenditure.
A : Right now, there are copious opportunities for CA personnel, awaiting. About 5 lakhs of vacancies for CA’s. It is no surprising within 24 hrs of CA completion, many of CA professionals would be able to secure a suitable placement offering salary package from Rs 2,00,000 to 6,00,000.
A: It is accepted that students with MPC background have a hard-working nature, Conceptual thinking, and Practical knowledge because of having science subjects.
MEC students are a step behind in this kind of exposure. That is the reason why students with MPC background only are faring much better in CA. It was proved not only in CA CPT but also in CA IPCC.
As per the IPCC results announced in 2012,2013, Our Superwhizz students with MPC background got 30 All India ranks out of 49 and MEC students only 16 and others 3 only.
Can anyone proveotherwise i.e., MEC is better than MPC?
MPC paves the way for CA and also engineering as well.
So dear parents, please take the right decision and make the future of your wards brighter.
A : There are 3 stages in CA
- Stage – 1 : CA Foundation
- Stage – 2 : CA Intermediate (IPCC)
- Stage – 3 : CA Final
• CA Course is designed in such a way that one can earn money while pursuing CA.
• Clearing any group in IPCC, one can work as an Article clerk under a qualified CA. During that period one can earn approx. 4,000 – 10,000 per month a totalling Rs 2,64,000/- (For three years).
• We can Learn and Earn both knowledge and money and be able to stand on our own.
• That is to say-the expenditure and income at the same time.
A : The foundation course does require Maths. So they can score high. When it comes to Commerce classes – Superwhizz holds special courses to non commerce background students. Then the entire course to taken care of.
With the knowledge of CA, one can go for a Degree/CMA in an equal manner.
A : For registering in Foundation Course, a student must have taken/passed in class 12 th Examination.
A : The Foundation Examinations will be held in the month of May and November every year. 31st Dec. and 30th June is the cut-off date for registration for being eligible to appear in May and November examinations respectively covering a study period of four months.
A : There will be 4 papers in Foundation.
- • Paper-1: Principles and Practice of Accounting (100 Marks)
- • Paper-2: Business Laws and Business Correspondence and Reporting (100 Marks)
- • Paper-3: Business Mathematics and Logical Reasoning & Statistics (100 Marks)
- • Paper-4: Business Economics and Business and Commercial Knowledge (100 Marks)
A: Out of 4 papers, 2 papers are subjective type (Paper 1 & 2) and rest of the 2 papers are objective type (Paper 3 & 4).
A : Yes. Negative marking is for Papers 3 & 4 only and not for subjective papers i.e. 1 & 2.
A : You can qualify yourself for Foundation Examination by securing 50 % in aggregate and 40 % in each subject individually.
A : The Intermediate Examinations will be held in the month of May and November every year. 1st Sep. and 1st March is the cut-off date for registration for being eligible to appear in May and November examinations respectively under the Foundation Route.
A : After passing either or both groups of Intermediate examination and successfully completing Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS), you can commence Practical Training.
A : Immediately after registering for Intermediate Course and successful completion of Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS), you can commence Practical Training.
A : After passing either or both groups of Intermediate examination and successfully completing Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS), you can commence Practical Training.
A : There are 8 Papers in Intermediate which are as under:-
Group I Subjects:
- Paper 1: Accounting (100 Marks)
- Paper 2: Corporate Laws & Other Laws (100 Marks)
- Paper 3: Cost and Management Accounting (100 Marks)
- Paper 4: Taxation (100 Marks)
Group II Subjects:
- Paper 5: Advanced Accounting (100 Marks)
- Paper 6: Auditing and Assurance (100 Marks)
- Paper 7: Enterprise Information System & Strategic Management (100 Marks)
- Paper 8: Financial Management & Economics for Finance (100 Marks)
The subjects of Final Course are classified into two groups which a student can study and appear in the examination group-wise or both the groups together.
Group I Subjects:
- Paper 1: Financial Reporting (100 Marks)
- Paper 2: Strategic Financial Management (100 Marks)
- Paper 3: Advanced Auditing and Professional Ethics (100 Marks)
- Paper 4: Corporate Laws and other Economic Laws (100 Marks)
Group II Subjects:
- Paper 5: Strategic Cost Management and Performance Evaluation (100 Marks)
- Paper 6: Elective Paper (100 Marks) (One to be chosen from the list of Elective Papers)
- Paper 7: Direct Tax Laws & International Taxation (100 Marks)
- Paper 8: Indirect Tax Laws (100 Marks)
A : Under the Revised Scheme, you can appear for the Final examination during the last six months of Practical Training and after successfully completing Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (ICITSS)
A : Three years.
A : June, 2019 will be the last CPT examination.
A : May, 2019 will be the last IPCC examination.
A : November, 2020 will be the last examination of Final (existing) course
A : Number of parallel attempts for CPT-Foundation, IPCC-Intermediate and Final (existing) – Final (revised) will be 3, 3 and 6 respectively.
A : ICITSS (OC & ITT) is combination of Information Technology Training (ITT) and Orientation Course (OC) and Advanced ICITSS (GMCS & Adv. ITT) is combination of General Management Communication Skills (GMCS) and Advanced ITT.ICITSS and Advanced ICITSS will be effective from 1st July 2017 and are of 4 weeks each.
A : Like ITT and OC, ICITSS is also to be completed before commencing Practical Training for both the Routes.
A : Anytime during last 2 years of Practical Training but, compulsorily before appearing for Final Exam under Revised Scheme / before applying for Membership of ICAI under Existing Scheme.