About Chartered Accountancy CA Education in Nepal
Are you planning to persue the carrer in chartered accountancy?
Here are some of the things you may want know about ca education in Nepal. This article generally targets to those students who are planning to go through the Chartered Accountancy. About Chartered Accountant Course in Nepal.
Chartered Accountancy: As a Profession
CA is a prestigious, responsible and rewarding profession. It imparts the best combination of theoretical knowledge, practical experience with analytical as well as technical skill to look after the entire operations and management of the modern business organization. At present there has been rapid transformation in the scope of Chartered Accountants. Globalization, liberalization and revolution in information technology have totally changed not only the scope of CAs in financial reporting but also other many areas.
Chartered Accountancy Course:
CA course is challenging. Based on distance learning module, it involves in depth theoretical education and practical training imparting sound analytical and problem solving skills to the students.
In Nepal Generally CA can be done under three boards:
- ICAN (Institute of Chartered Accountant of Nepal)
- ICAI (Institite of chartered Accountant of India)
- ACCA (Association of Certified Chartered Accountant).
ICAN Institute of Chartered Accountancy of Nepal
The Institute of Chartered Accountants of Nepal (ICAN) was established under a special act, The Nepal Chartered Accountants Act, 1997 to enhance social recognition and faith of people at large in the accounting profession by raising public awareness towards the importance of accounting profession as well as towards economic and social responsibility of the accountants, and to contribute towards economic development of the country. The Institute is an autonomous body and the Council is fully authorized by the Act to undertake accountancy profession in Nepal.
Under the Scheme of the ICAN course is divided into three Level:
- CAP - I - Six Months.
- CAP - II - Nine Months.
- CAP -III - Three Years (including practical training).
Chartered Accountancy Professional-I Level (CAP - I):
This is basically for the students willing to enter in the professional CA course immediately after completion of higher secondary education (10+2, PCL, A Level or equivalent) The duration of CAP-I Level Course is one year.
Eligibility Criteria
The following are eligible to register for CAP-I Level:
- Completed higher secondary (10+2) or Certificate level or A level or equivalent examination from recognized Educational Institution.
- Graduates/Post Graduates who have scored less than 50% in commerce and less than 60% in faculty other than Commerce and thus were ineligible to register directly in CAP-II Course (see CAP- II Level registration criteria).
Provisional Registration
Students those appeared for the final exam of +2 or PCL or equivalent and waiting their result may register their names provisionally.
The Fee Structure:
The total fee for the CAP-I Level course is Rs. 27,500.00. It can be paid fully at the time of registration or also on Installment basis.
- Rs. 15,000.00 at the time of Registration and
- Balance Rs. 12,500.00 within 3 months from the date of registration. The fee structure may changed on need basis by the Council.
* Fees may be subject to change from time to time
Course Structure of CA CAP I Chartered Accountancy Professional I
If you want more detailed info about CAP I go Here
The CAP-I level comprises 3 papers follows:
| Paper 1 | Fundamentals of Accounting | 100 Marks |
| Paper 2 | Mercantile Laws and Fundamentals of Economics | 100 Marks |
| Paper 3 | Fundamentals of Management and Commercial Mathematics and Statistics | 100 Marks |
Eligibility Test:
To be eligible to write final examination of the CAP-I Level, students are required to pass Eligibility Test as prescribed by ICAN.
Registration deadline:
The Summer Examination is held in the first week of June and Winter Examination in the first week of December every year. For appearing in Summer Examination, the registration must be completed on or before the end of November of preceding year and for Winter Examination, on or before the end of May of the year. There should be time interval of at least Six Months between registration and appearance of the CAP-I Level Examination.
Chartered Accountancy Professional - II Level:
If you want more detailed info about CAP II go Here
Eligibility Criteria:
- Passed the CAP-I Level Examination, or
- Be a Graduate or Post Graduate in Commerce, Business Administration or Management having secured a minimum of 50% aggregate marks, or
- Be a Graduate or Post Graduate in other than (ii) above with a minimum of 60% aggregate marks.
Provisional Registration:
Students those appeared for the above mentioned final exam may register their names provisionally.
The Fee Structure:
The total fee for the CAP-II level course is NPR 32,500.00. It can be paid fully at the time of registration or also on Installment basis. The fee structure may changes on need basis by the Council.
- Rs 17,500.00 at the time of Registration and
- Balance Rs. 15,000.00 within six months from the date of registration.
* Fee structure may be subject to change from time to time
Course Structure of CA CAP II Chartered Accountancy Professional II
The CAP-II Level comprises 7 papers divided into two groups as follows:
| Group I | Group II | ||||
|---|---|---|---|---|---|
| Paper 1. | Advanced Accounting | 100 Marks | Paper 4. | Financial Management | 100 Marks |
| Paper 2. | Audit and Assurance | 100 Marks | Paper 5. | Cost and Management Accounting | 100 Marks |
| Paper 3. | Corporate and Other Laws | 100 Marks | Paper 6. | Business Communication and Marketing | 100 Marks |
| Paper 7. | Income Tax and VAT | 100 Marks |
Check out the syllabus of the CAP II
Eligibility Test:
To be eligible to write the final examination of the CAP-II Level, students are required to pass Eligibility Test as prescribed by ICAN.
Registration deadline:
To be eligible to write the final examination of the CAP-II Level, students are required to pass Eligibility Test as prescribed by ICAN.
The Summer Examination is held in the first week of June and Winter Examination in the first week of December every year. For appearing in Summer Examination, the registration must be completed on or before the end of August of preceding year and for Winter Examination, on or before the end of February. There should be time interval of at least one year between registration and appearance of the CAP-II Level Examination.
Chartered Accountancy Professional - III Level:
If you want more detailed info about CAP III go Here
Eligibility Criteria:
- Passed both groups of CAP-II Level Examinations.
- Registered as an article trainee under a practicing Chartered Accountant by signing an Articleship Deed. It must however be noted that the Articleship Deed must be submitted to ICAN within one month from the date of signing the deed.
The Fee Structure:
The total fee for the CAP-III Level course is NPR 30,000.00 till 31st Ashadh 2072 and NPR 40,000.00 effective from 1st Shrawan 2072. It can be paid fully at the time of registration or also on Installment basis
- 50% at the time of Registration and
- Balance 50% within one year from the date of registration in Final Level
The fee structure may changed on the need basis of the Council.
Articleship: Practical Training
During the CAP-III Level Course, student should undergo paid articleship for the period of 3 years as an Atricled Trainee under a practicing Chartered Accountant.
Course Structure of CA CAP III Chartered Accountancy Professional III
The CAP-III level comprises 8 papers divided into two groups as follows:
| Group I | Group II | ||||
|---|---|---|---|---|---|
| Paper 1. | Advanced Financial Reporting | 100 Marks | Paper 5. | Management Information System | 100 Marks |
| Paper 2. | Advanced Financial Management | 100 Marks | Paper 6. | Advanced Taxation | 100 Marks |
| Paper 3. | Advanced Audit and Assurance | 100 Marks | Paper 7. | Advanced Cost and Management | 100 Marks |
| Paper 4. | Corporate Laws | 100 Marks | Paper 8. | Strategic Management and Decision Making Analysis | 100 Marks |
Eligibility Test:
To be eligible to write the final examination of CAP-III Level, students are required to pass Eligibility Test as prescribed by ICAN.
Examination Eligibility:
The Summer Examination is held in the first week of June and Winter Examination in the first week of December ever y year. For appearing in CA P-III Level Examination a candidate must comply with the following conditions:
Two years elapsed from the date of registration in CAP-III Level. Passed the Eligibility Test Scheme. Completed the prescribed period of Articleship (3 years) or has yet to serve not more than 12 months of Articleship (practical training) prior to the first day of the month in which examination is held.
Institute of Chartered Accountant of India (ICAI)
The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its 66 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards.ICAI now is the second largest accounting body in the whole world.
Under the ICAI Scheme also students has to complete the three level as mentioned below
- Common Proficiency Test (CPT)
- Intermidiate Professional Competence Course (IPCC)
- Chartered Accountancy Final (CA Final)
Common Proficiency Test (CPT)
If you want more detailed info about CPT go Here
About CPT
Common proficiency test in nepal
This is the identification for the first/lowest/starting level of the CA (Chartered Accountancy) course conducted by the ICAI (Institute of Chartered Accountants of India).
This is the entry level course for any student intending to take up the chartered accountancy course whether it be after 10th, 10+2 (intermediate), graduation or post graduation. Download and read online notes, materials, books, suggested, revision test papers for Common Profiency Test CPT
Course Duration
Minimum - 2 months
Minimum Academic/Educational Qualifications
-
for getting registered for the CA CPT course
A pass at the 10th class examination conducted by an examining body constituted by law in india (an examination recognized by the central government as equivalent thereto).
Minimum Qualification for appearing at the CA CPT main examination
-
Appearance at the Senior secondary (10 + 2/intermediate) examination conducted by an examining body constituted by law in india or an examination recognised by the central government as equivalent thereto.
Course Structure Pattern
CA CPT (Chartered Accountancy - Common Proficiency Test) is an objective type examination of 4 hours duration divided into 2 sessions of 2 hours each. Each session consists of two subjects with a total marks of 100. The examination is a multiple choice test with ¼ negative marking (proposed to be increased to ½).
Course Structure and Subject to be studied
Each Session 2 hours - 100 Marks
Session 1 :
Session 2 :
IF YOU WANT MORE DETAILED INFO ABOUT CPT GO HERE
Integrated Professional Competence Course[IPCC]
IF YOU WANT MORE DETAILED INFO ABOUT IPCC GO HERE
About IPCC
IPCC in Nepal
This is the identification for the second level of the CA (Chartered Accountancy) course conducted by the ICAI (Institute of Chartered Accountants of India). The course is identified as IPCC (Integrated Professional Competence Course) and the examination at the end of the course is identified as IPCE (Integrated Professional Competence Examination)
Course Duration
Minimum – 9 months
Minimum Requirements : Age, Academic Qualifications
Minimum Age
There is no stipulation as to the minimum age required for registering for the course.
Minimum Academic/Educational Qualifications
| 1. | A pass in the Common Proficiency Test (CPT) conducted by ICAI |
| 2. | A pass in the Senior Secondary Examination (10+2) or Intermediation Examination or equivalent |
Subjects to be Studied
Each paper 3 hours-100 Marks
Group I
- Paper 1: Advanced Accounting [100 Marks]
- Paper 2: Law, Ethics and Communication
- Part I: Law [60 Marks]
- Part II: Business Ethics [20 Marks]
- Part III: Business Communications [20 Marks]
- Paper 3: Cost Accounting and Financial Management
- Part I: Cost Accounting [50 Marks]
- Part II: Financial Management [50 Marks]
- Paper 4: Taxation
- Part I: Income-tax [50 Marks]
- Part II: Service tax [25 Marks] and VAT [25 Marks]
Group II
- Paper 5: Advanced Accounting [100 Marks]
- Paper 6: Auditing and Assurance [100 Marks]
- Paper 5: Information Technology and Strategic Management
- Section A: Information Technology [50 Marks]
- Section B: Strategic Management [50 Marks]
CA Final
Introduction
IF YOU WANT MORE DETAILED INFO ABOUT CA Final GO HERE
CA Final in Nepal
The third level of the CA (Chartered Accountancy) course conducted by the ICAI (Institute of Chartered Accountants of India) is identified as Final.
This is the third level course for any student intending to take up the chartered accountancy course after IPCC (Intermidiate Professional Competence Course).
Course Duration
Minimum Course duration – 3 Years
Minimum Requirements - Age, Academic Qualifications
Minimum Age
There is no stipulation as to the minimum age required for registering for the course.
Minimum Academic/Educational Qualifications
- A pass in the Common Proficiency Test (CPT) conducted by ICAI
- A pass in the Integrated Professional Competence Course (IPCC)
Course Structure and Subjects to be Studied
Each paper 3 hours-100 Marks
Group I
- 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 and Allied Laws [100 Marks]
- Section A: Company Law [70 Marks]
- Section B: Allied Laws [30 Marks]
Group II
- Paper 5: Advanced Management Accounting [100 Marks]
- Paper 6: Information systems Control and Audit [100 Marks]
- Paper 7: Direct Tax Laws [100 Marks]
- Paper 8: Indirect Tax Laws [100 Marks]
- Section A: Central Excise [40 Marks]
- Section B: Service Tax & VAT [40 Marks]
- Section C: Customs [20 Marks]
ACCA Association of Certified Chartered Accountant
The ACCA exams are divided into two levels;
The Fundamentals level is divided into two modules
- Knowledge
- Skills.
The Knowledge module introduces you to the main areas of financial and management accounting. You will study the other technical accountancy areas after you study this. There are six subjects in the Skills module which cover the main technical areas that accountants are expected to know.
Course Structure of the ACCA FUNDAMENTALS Level (NINE PAPERS IN TOTAL)
| Knowledge | |
| F1 | Accountant in Business |
| F2 | Management Accounting |
| F3 | Financial Accounting |
| Skills | |
| F4 | Corporate and Business Law |
| F5 | Performance Management |
| F6 | Taxation |
| F7 | Financial Reporting |
| F8 | Audit and Assurance |
| F9 | Financial Management |
ACCA PROFESSIONAL LEVEL Course Structure (FIVE PAPERS IN TOTAL)
The Professional level is divided into two modules;
- Essentials
- Options.
Both of the modules at Professional level have been set at the same ability level as a Masters degree.
This level builds on the technical knowledge you will already have. It will also explore more advanced professional skills, techniques and values. These are required at a senior level by accountants working in an advisory or consultancy role.
All students have to pass the three papers in the Essentials module. The Options module contains four papers, but you only need to complete two.
| Essentials | |
| P1 | Governance, Risk and Ethics |
| P2 | Corporate Reporting |
| P3 | Business Analysis |
| Options (two to be completed) | |
| P4 | Advanced Financial Management |
| P5 | Advanced Performance Management |
| P6 | Advanced Taxation |
| P7 | Advanced Audit and Assurance |
PROFESSIONAL ETHICS MODULE
Professional ethics is at the heart of the ACCA Qualification.
Professional ethics is covered in 11 of the 16 exam papers. This includes all papers at Professional level and three of the Essential performance objectives.
The Professional Ethics module underpins both your studies and your practical experience. The aim of the module is to introduce you to a range of ethical ideas.
You get access to the module as soon as you complete the Knowledge module (F1-F3) of the Fundamentals level. While you have the flexibility to complete the ethics module in your own time you should note that ethics is now one of your requirements of membership and it is therefore recommended that you take the Professional Ethics module at the same time as, or before, the P1, Governance, Risk and Ethics exam. The Professional Ethics module must also be completed for you to receive the Advanced Diploma in Accounting and Business award from ACCA on completion of the Fundamentals exams and before you submit your RAP to Oxford Brookes University if you wish to take the B.SC (Hons) degree in Applied Accounting.
Career Option for Chartered Accountant:
The quality services rendered by Chartered Accountants in corporate sector in National and International area, the demands of Chartered Accountants increasing day by day in corporate society. Career options for CAs include the followings:
- Set up his own practice by obtaining Certificate of Practice (COP)
- Join public or private sectors at Managerial and Policy making Level, Join services in NGOs or INGOs
- A c t as trustee, executor, administrator valuator, liquidator, advisor, consultant or as a representative for finance matters including taxation, corporate law matters etc
- Designing and implementation of accounting system
- Undertake capital projects, feasibility studies, project reports etc Certification functions and valuator of business. Advise the matters regarding merger and acquisition of business or planning activities and so on.