Frequently Asked Questions(FAQs)
1. What is Chartered Accountancy (CA)?
Chartered Accountancy (CA) is a professional course in accounting that equips you to deal with areas of Accountancy, Auditing, Cost Consultancy, Taxation, Legal Matters and Management Consultancy. The course involves a blend of theoretical education and practical training which run concurrently for a period of three years and equips a student with knowledge, ability, skills and other qualities required for a professional accountant.2. Who can study Chartered Accountancy?Students who have passed/appeared in final year of +2 examinations from any stream can join Chartered Accountancy starting from CAP-I/ CPT under ICAN / ICAI.
3. What is governing bodies of CA Studies?Prospective students with the said criteria can register through the lnstitute of Chartered Accountants of Nepal (ICAN) to pursue the CA Studies. 4. What is ICAN?ICAN stands for The Institute of Chartered Accountants of Nepal, an autonomous body established under Chartered Accountants Act, 1997, enacted by parliament of Nepal to regulate CA profession in Nepal.6. Which University imparting CA education?
No university in the world imparts CA education; every country has its autonomous body established under the Act of Parliament, like The Institute of Chartered Accountants of Nepal (ICAN) for Nepal. Students have got registered with the Board to pursue study.
8. Which University imparting CA education?No university in the world imparts CA education; every country has its autonomous body established under the Act of Parliament, like The Institute of Chartered Accountants of Nepal (ICAN) for Nepal and The Institute of Chartered Accountants of India (ICAI) for India. Students have got registered with the Board to pursue study.9. What are the eligibility criteria to study Chartered Accountancy under ICAN?The eligibility criteria to study Chartered Accountancy under ICAN are as follows:
Under ICAN
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Level
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Required eligibility
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CAP-I/ Foundation
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At least 10+2 passed or result awaiting students in any discipline or non-exempted Graduates.
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CAP-II
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CAP-I passed or Exempted Graduates.
Exempted Graduates
a. Commerce graduates having not less than 50% marks.
b. Non-commerce Graduates having not less than 60% marks.
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CAP-III
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CAP-II Passed
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10. What is the duration of Chartered Accountancy Course?
The duration of Chartered Accountancy Course under ICAN:
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Level
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Duration
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CAP-I/ Foundation
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6 months
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CAP-II/ Intermediate
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9 months
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CAP-III/ Final
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3 years (with articleship period)
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Total:
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4 years 3 months
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11. What is articleship?
A student is required to undergo about 3 years of practical training known as articleship. The Chartered Accountancy course, thus, involves a unique blend of compulsory theoretical education and practical training, which runs concurrently for a period of 3 years. Theoretical knowledge is integrated and reinforced with practical training. The practical training of 3 years should be done after the completion of CAP-II under ICAN.12. What are the Course Modules of CA Studies?Under ICANCHARTERED ACCOUNTANCY PROFESSIONALCAP-I/ FOUNDATION LEVEL The CAP-I Level consists of three papers of 300 marks. Subjective and objective questions: Paper-IFundamentals of Accounting 100Paper-IIPart A: Mercantile Laws 50Part B: Fundamentals of Economics 50Paper-IIIPart A : Fundamentals of Management 50Part B : Commercial Mathematics and Statistics 50CHARTERED ACCOUNTANCY PROFESSIONALCAP-II/ INTERMEDIATE LEVELThe CAP-II Level consists of seven papers; each paper carries 100 marks and divided intotwo groups:Group-I- Advanced Accounting- Audit & Assurance- Corporate & Other LawsGroup-II- Financial Management- Cost & Management Accounting- Business communication & Marketing- Income Tax & VatCHARTERED ACCOUNTANCY PROFESSIONALCAP-III/ FINAL LEVELGroup-I- Advanced Financial Reporting- Advanced Financial Management- Advanced Audit & Assurance- Corporate LawsGroup-II- Management Information & Control System- Advanced Taxation- Advanced Cost & Management Accounting- Strategic Management & Decision Making Analysis13. What are the dates of registration for Chartered Accountancy Course?Registration is open throughout the year to eligible students. However as the examinations are held in June and December under ICAN. Registration Calender and necessary assistance is available at CCMA office.14. Is it really hard to study Chartered Accountancy as is generally understood?As the saying says, "Nothing is possible for those, who do nothing" Chartered Accountancy education requires in depth dedication and regular labour with genuine effort for the successful completion of the course.15. Where are the examinations held?Under ICAN, the examination center will be inside the Kathmandu valley as directed by ICAN.16. Is there any restriction in number of attempts?Under ICAN, for CAP-I and CAP-II students can attempt up to 3 years and 5 years respectively from the date of initial registration at ICAN. For CA Final level there is no restriction in number of attempts. 17. Is it possible to study College programs while studying CA?Yes, it is quite possible as well as a need for CA professionals to gain more market opportunities and exposures. However, Students are advised to join BBS program in any colleges.19. What are the scopes/ job opportunities of Chartered Accountants (CA)?Chartered Accountants occupy the prominent role of higher-level executives in our economy and society. Members of this profession play a dominant role in:
- Audit firms
- Management and financial consulting organizations
- Various private commercial organizations
- Government departments and regulatory agencies
- Banks and financial services organizations
- Tax consultants
- Academic institutions
- Set up own CA firm
21. Why CCMA for CA education?Founded in 2003, CCMA deserves an established status in market with its wide recognition among CAs, management leaders and academicians. As of now the institution has already produced more than 200 Chartered Accountants who are successfully placed into reputed organizations. Well equipped learning centre, experienced faculties, supportive management and conducive environment are the major strengths of CCMA. Thus, the institution has become a proven platform of toppers, accredited by ICAN.22. What documents are required for registration in CA ?please brings 2 copies each of the following set of documents at the time of registration.
- Citizenship certificate
- SLC mark sheet & character certificate
- Grade XI Mark Sheet & Grade XII exam admit card ( for provisional reg. )
- +2 transcript & character certificate
- Passport size photographs - 6 copies ( White Background )
