Chartered Accountants (CAs) are an integral part of corporate governance and they analyse a company’s financial performance and competitiveness. Cost and Management accountants (CMAs) play a very important role in Investment Planning, Project planning, Profit planning and Managerial decision making process. Chartered Accountancy (CA) course conducted by Institute of charted Accountants of India (ICAI) and Cost and Management Accountancy (CMA) course conducted by The Institute of Cost Accountants of India(ICMAI).ICMAI also conducts online and offline short term certificate programs as well as online Diploma. Certificate in accounting technicians (CAT) is a job orient certificate course in which intake of students is twice yearly in July and in January. In this article we will explore the course details of CA and CMA and
Difference between CA and CMA
| Pass in class 10 |
| Eligible to attend Foundation Course |
| Pass in Class 12 |
| Eligible to write foundation course Examination & Enrol to Intermediate course |
ICAI have 5 Regional councils in New Delhi, Kanpur, Calcutta, Mumbai and Chennai.They have 164 chapters and 44 overseas chapters.
www.icai.org
Institute of chartered Accountants of India (ICAI) conducts charted accountancy courses. ICAI have branches all over India and abroad, and they provide foundation courses .Students can attended classes at various centres all over the world.
CA courses have 3 stages namely, foundation, Intermediate and final.
Foundation course: Those who have completed 10 th can register for foundation course, registration fees is Rs.5000.
Chartered accountant course details after 12th
After completing 12 Th standard, and after attending the foundation course, Students can attend the Exam
4 papers:
| Paper 1: Principles and practice of accounting (100 marks) |
| Paper 2: Business law, Business correspondence and Reporting (100 marks) |
| Paper 3: Business mathematics, logical reasoning and statistics (100 marks) |
| Paper 4: Business Economics, Business and commercial knowledge (100 marks) |
Test will be conducted yearly 2 times, In June and December
To qualify in the exam students have to score minimum 40 marks in each subject and 50 % in aggregate.
CA intermediate registration 2023
Students who qualify in the foundation course exam/commerce and other graduates can join for intermediate course. Registration fee is Rs.15000/-.The examination is to be held, after completion of 8 months of study.
Group 1 and 2 consisting of 4 papers
| GROUP 1 |
| Paper 1: Accounting (100 marks) |
| Paper 2: Corporate and other laws (100 marks) |
| Paper3: Cost and management accounting (100 marks) |
| Paper 4: Taxation (100 marks) |
| Group II |
| Paper 5: Advanced accounting (100 marks) |
| Paper 6: Auditing and assurance (100 marks) |
| Paper 7: Enterprise information systems and Strategic management (100 marks) |
| Paper 8: Financial Management and Economics for Finance (100 marks) |
To qualify in the exam students have to score minimum 40 marks in each subject and 50 % in aggregate.
ICITSS
After that students have to undergo Four Weeks Integrated Course on Information Technology and Soft skills (ICITSS) consisting of Courses on Information Technology and Orientation Course at the earliest, but these are to be completed compulsorily before commencement of their article ship.
Join articled training in a charted accountant firm after passing either of the Group or Both Groups of Intermediate Course and after successfully undergoing ICITSS. Clear the balance Group (if any) of Intermediate Examination. Register for Final Course.
CA Final course registration
Those who qualify in the intermediate course can register for final course. Registration fees is Rs.22000/-.Group I & Group II consists of 8 papers.
| GROUP 1 |
| Paper 1: Financial reporting (100 marks) |
| Paper 2: Strategic Financial Management (100 marks) |
| Paper3: Advanced Auditing and Professional Ethics (100 marks) |
| Paper 4: Corporate and Economic Laws (100 marks) |
| Group II |
| Paper 5: Strategic Cost Management and Performance evaluation (100 marks) |
| Paper 6: Direct Tax laws and International Taxation ( 100 marks) |
| Paper 7: Indirect tax laws (100 marks) |
| Paper 8: Elective (100 marks) |
Electives are: Risk Management, Financial services and capital Markets, International Taxation, Economics Laws, Global Financial reporting standards, Multi-disciplinary case study
To qualify in the exam students have to score minimum 40 marks in each subject and 50 % in aggregate.
AICITSS
Four Weeks Advanced Integrated Course on Information Technology Training and Soft Skills (AICITSS) .The fee shall be Rs. 7500 (Seven Thousand Five Hundred only) per student on non-Residential basis,
ICAI MCS
Advanced Integrated Course on Information Technology and Soft Skills (MCS Course): The Management and Communication Skills course aims to translate the challenges into rewarding opportunities. To empower students with communication and presentation skills & inter‐personal and leadership skills, etc.,
Chartered accountant Jobs in India
Financial Management, Accounting, Auditing, Taxation, Capital Market, Investment Banking, Risk Management, Mutual Fund, treasury Management, Credit rating, Venture Capital
Icmai online
The Institute of Cost Accountants of India conducts Cost & Management Accountant (CMA) course. ICMAI have 4 Regional councils in New Delhi, Calcutta, Mumbai and Chennai, 113 chapters across the country and 11 overseas centres.
CMA Foundation Course
A candidate should have passed Class 10 or equivalent from a recognized Board or Institution.
Passed Senior Secondary Examination under 10+2 scheme of a recognized Board or an Examination recognized by the Central Government as equivalent
or has passed National Diploma in Commerce Examination held by the All India Council for Technical Education or any State Board of Technical Education under the authority of the All India Council, or the Diploma in Rural Service Examination conducted by the National Council of Higher Education
Fees Rs.6000/-
Those who have Passed Senior Secondary Examination under 10+2 scheme can write foundation course examination
| PAPER 1: FUNDAMENTALS OF ECONOMICS AND MANAGEMENT (FEM) |
| PAPER 2: FUNDAMENTALS OF ACCOUNTING (FOA) |
| PAPER 3: FUNDAMENTALS OF LAWS AND ETHICS (FLE) |
| PAPER 4: FUNDAMENTALS OF BUSINESS MATHEMATICS AND STATISTICS (FBMS) |
CMA Intermediate Course
Eligibility
Those who have passed foundation course and graduates can enrol for Intermediate course. Also Foundation (Entry Level) Part I Examination of CAT of the Institute/ Foundation (Entry Level) Part I Examination and Competency Level Part II Examination of CAT of the Institute
Fees Rs.23100/-
Exams will be conducted on June and December.
Group-1
| Paper 5 : Financial Accounting (FAC) |
| Paper 6 : Laws & Ethics (LNE) |
| Paper 7 : Direct Taxation (DTX) |
| Paper 8 : Cost Accounting (CA) |
| Group-2 |
| Paper 9 : Operations Management & Strategic Management(OMSM) |
| Paper 10 : Cost & Management Accounting and Financial Management (CMAFM) |
| Paper 11 : Indirect Taxation (ITX) |
| Paper 12 : Company Accounts and Audit (CAA) |
CMA final course
Fees: Rs.25000/-
| Group-3 |
| Paper 13 : Corporate Laws & Compliance (CLC) |
| Paper 14: Strategic Financial Management (SFM) |
| Paper 15 : Strategic Cost Management – Decision Making (SCMD) |
| Paper 16 : Direct Tax Laws and International Taxation (DIT) |
| Group-4 |
| Paper 17 : Corporate Financial Reporting (CFR) |
| Paper 18 : Indirect Tax Laws and Practice (ITP) |
| Paper 19 : Cost and Management Audit (CMAD) |
| Paper 20 : Strategic Performance Management and Business Valuation |
Job Opportunities for CMA in India
Cost & Management Accounting, Systems Analyst & Systems Management. Auditing, Internal Control. Capital Market Analyst, Fund Manager, Portfolio Analyst. Tax Management – Direct and Indirect Tax. ERP Implementation. Process Analysis in BPO/KPO Sector. Financial Management. Academics. Financial/Business Analyst. Implementing Business Intelligence Systems.
Skills for CMA job in India
Cost accountants should have good negotiation skills to confirm a deal With the available budget. They should have the Skill to make strategic Decisions and independent judgments in crucial situations. They should Possess good computer skills for using different accounting software’s. Communication skill is the most important quality needed for a cost accountant.
Role of CMA in India
- Improving cost competitiveness
- Financial Reporting and Strategy
- Cost Audit and Assurance
- Risk Management & Mitigation
- Direct and Indirect Taxation
• Performance Management & Resource Management
icmai online classes
- Online courses conducted by Board of Advanced Studies & Research, icmai
Data analytics
Internal audit
Diploma in Information system security audit
Diploma in Financial Modelling and valuation
Diploma in Forensic audit
SAP finance power user
Advanced business excel
Cost & Management Accounting for Engineers
Engineering Graduates of any discipline / Final year Engineering.Students (Executive Diploma will be awarded only after obtaining Engineering Degree], duration 6 Months]. Apply here
2.Online courses conducted by Taxation section (online courses of 30 hrs to 50 hrs duration)
Certificate Course on GST
Certificate Course on TDS (Direct Tax)
Certificate Course on Return Filling (Income Tax)
GST Course for College and Universities — Offline only
ADVANCED COURSE ON INCOME TAX ASSESSMENT AND APPEAL
CERTIFICATE COURSE ON INTERNATIONAL TRADE Apply here
CAT certificate
Certificate in accounting technicians (CAT).Last date to apply for December Term Examination: 31st July
The Institute of Cost Accountants of India has launched a short term Course for 12th (10+2) passed and appearing students.CAT (Certificate in Accounting Technicians).Those who complete the course have job opportunities in Medium and small scale Industries, Retail sector etc., in maintenance of accounts, preparation of Tax Returns, Filling of Returns under Companies Act, Filling of Returns under Income Tax, GST, Customs Act, Export & Import documentation etc.
Admission & coaching:
Course Fee
Rs. 12,660/- (India) and USD 250 (overseas)
The Course consists Coaching, Computer Training, followed by on-line Examination, 45 days Internship and 5 days Orientation Programme. Students wish to pursue the course have to get admitted in their nearest RC (Regional Council) or Chapter or ROCC (Recognized Oral Coaching Centre). Minimum of 70% attendance in the Oral Coaching
CAT COURSE PART -I
Section A (Total questions 100 (100 marks))
Paper 1: Fundamentals of Financial Accounting.(60 marks)
Paper 2: Applied Business and Industrial Laws (40 marks)Section B (Total questions 100(100 marks))
Paper 3: Financial Accounting-2 (50 marks)
Paper 4: Statutory Compliance (50 marks)
Examination shall have Multiple Choice Questions to be answered online. To qualify the exam, Minimum 40% marks in each paper and an Aggregate of 50% of total marks is required in the Foundation Course (Entry Level) Part-I Examination
CAT COURSE PART-II
Computer Fundamentals by Microsoft and Computerized Accounting- Tally ERP 9.0-– 35 hours
SAP End User Program -25 hours
Cambridge -Generic Skills for Employability– 20 hours
eFiling by experts – 20 hours
Introduction to Costing Principles & Preparation of Cost Statements- 40 hoursThe Internship will be for 3 months.
Difference between Chartered Accountant and Cost and Management Accountant
Chartered Accountant (CA) has thorough knowledge of every aspect of accounting, auditing and taxation. Chartered Accountants are responsible for Preparation of Valuation Report, Tax assessment, financial statements, cash flow statements, Balance sheets, Profit& Loss statements in accordance with corresponding Standard
Management accounting is a branch of accounting that plays a crucial role in managerial decision making .By using tools and techniques such as machine learning, artificial intelligence, for analysing financial and non-financial data analysis. So Job of CMA is to combine the Jobs of Cost accountant and Management accountant.