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Chartered Accountancy is spread over a minimum of 5-years and requires a significant investment of time. Chartered Accountancy is divided into 4 levels.
Common Proficiency Test (CPT)
Integrated Professional Competence Exam (IPCE)
Articleship
Final exam.
Level 1
Common Proficiency Test is an objective based test which includes Accounts, Law, Economics and Quantitative Analysis. It is 200 marks and you have to score 100 to qualify it.
Level 2
Level 2 comprises of 7 papers. You need to score 40 marks on each subject. IPCC has 2 groups of subjects,
Group 1- Accounts, Law, Taxation and Costing and FM
Group 2- Audit, IT&SM, and Advanced Accountancy.
Note: If you get more than 60 in any subject, you get an exemption which means that if you fail, you don't have to repeat that paper in the next attempt
Level 3 - Articleship
It is a 3-year long internship. You have to work under a qualified CA for 3 years. During this time you gain an in- field experience as well as providing the stipend. You can do your internship in companies like Deloitte, KPMG, E&Y, Pricewaterhouse Coopers, etc.
Final Exam
It comprises of 8 papers, which is divided into 2 groups. Once you clear all the exam global opportunities await in sectors such as Banking, Accounting, Taxation, Audit, Management Consultancy, Cost Accounting, etc. all over the world.