04-10-2007, 09:20 PM
Dear Ali,
There are total 6 modules (A to F) for a candidate who joins CA after I.Com and after qualifying/getting exemption from PPT. The first two modules constitute C.A. Foundation (Module A and B) and after qualifying next two (Module C and D) one completes C.A. Intermediate. This all could be done in some accounting academy/institute duly approved by ICAP for this purpose. You can find the list of such institutes/tutors from ICAP's website.
One module, if qualified in first attempt, takes six month for study and one and a half month for waiting the result. Soon after sitting in one module's exam you can start studying for the next that will again take six months. From modules A to D, each year two exams are conducted by ICAP; one in April and other in October.
This way, if passed each module in first attempt, you will complete C.A. Intermediate in two years time.
Now practically saying, some students take more attempts to qualify any exam. However, now ICAP has allowed to appear for two modules of CA Intermediate simultaneously. Permanent credits have also been introduced which has further made it easy to manage the time by a student. If in any module there are three papers and you get two permanent credits and are failed (referred) in one paper, you can attempt the next module also appearing for the referred paper simultaneously. Date sheets are designed to allow this flexibility. Normally A and B modules are examined in morning and evening seprately, so that a studnet appearing in B module in evening can also appear in the referred paper of A module in morning. Same is the case with C and D modules.
Keeping in view the normal passing rate, if a good student does not pass through in first attempts due to any circumstances, he can normally get through maximum in 2.50 or 3 years time. You can budget 3 years as a time period to get through from CA Inter modules. However, You might be able to get through in first attempts. In that case you will take 2 years and two or three months in total.
After doing CA inter, you will have to join some CA firm working under the charter of ICAP for CA ARTICLESHIP. This is done by entering into a contract with the firm's partner (the principal) and getting it registered with ICAP. This all is done by firms normally, you have to deposit fee and arrange documents only. Your training period after CA Inter would be three and a half year in total which includes two months' probationary period. Normally seats are not readily available with the firms for registering a candidate as ARTICLESHIP STUDNET with ICAP. Therefore, typically it takes six months to eight months time to get a seat in a good firm. This will then make the overall period of training almost equal to 4 plus years. However, some times lucky students get the seat soon after joining and accordingly they undergo trainning for exact 3 and half years. Seats are fixed for partners of a firm and qualified managers working with the partners by ICAP. The limit of seats range from 10 to 20 per partner/qualified manager in a firm depending upon varying level of experience and designation. Therefore, the availability of seats is a real problem in good firms. It does not depict the bad intentions of the management.
After exact 18 months of starting articleship (registering the contract with ICAP) one is allowed to appear for MODULE E exam. It means that last 24 months should be remaining of one's article for making his/her elgibility for module E exam.
Module F could be attempted when last 12 months of one's articleship are remaining.
ICAP takes exams of module E and F twicely in a year; once in June and secondly in December. But unlike CA Inter, one cannot attempt both modules simultaneously. However, if one gets referral only in one paper of module E and gets permanent credit in all other papers, he/she can attempt that one paper along with Module F. However, if more than one paper of Module E are referred, then one cannot take exam of module F unless he/she clears the referred papers totally or leaving only one referral paper in balance.
Without joining a CA firm and without completing required trainning/article's period one cannot appear for module E exam.
On qualifying module E, one is called CA Finalist and on qualifying module F he/she is called QUALIFIED CHARTERED ACCOUNTANT or CHARTERED ACCOUNTANT.
On qualifying module F and after completing any remaining articleship tenure, one has to apply for the membership of ICAP. Then ICAP will issue ACA designatory letters i.e. ASSOCIATE MEMBERSHIP to the chartered accountant.
If some one is working in industry or as a manager (otherwise than as partner) in a CA firm he will become FCA i.e. fellow member of ICAP after 10 years of getting ACA status.
If some one is working as partner in a CA firm i.e. has started his practice, he will get FCA status after only 5 years of becoming ACA.
After that, he will remain FCA.
Hope you have received a detailed reply to your question.
Regards,
Kamran.
There are total 6 modules (A to F) for a candidate who joins CA after I.Com and after qualifying/getting exemption from PPT. The first two modules constitute C.A. Foundation (Module A and B) and after qualifying next two (Module C and D) one completes C.A. Intermediate. This all could be done in some accounting academy/institute duly approved by ICAP for this purpose. You can find the list of such institutes/tutors from ICAP's website.
One module, if qualified in first attempt, takes six month for study and one and a half month for waiting the result. Soon after sitting in one module's exam you can start studying for the next that will again take six months. From modules A to D, each year two exams are conducted by ICAP; one in April and other in October.
This way, if passed each module in first attempt, you will complete C.A. Intermediate in two years time.
Now practically saying, some students take more attempts to qualify any exam. However, now ICAP has allowed to appear for two modules of CA Intermediate simultaneously. Permanent credits have also been introduced which has further made it easy to manage the time by a student. If in any module there are three papers and you get two permanent credits and are failed (referred) in one paper, you can attempt the next module also appearing for the referred paper simultaneously. Date sheets are designed to allow this flexibility. Normally A and B modules are examined in morning and evening seprately, so that a studnet appearing in B module in evening can also appear in the referred paper of A module in morning. Same is the case with C and D modules.
Keeping in view the normal passing rate, if a good student does not pass through in first attempts due to any circumstances, he can normally get through maximum in 2.50 or 3 years time. You can budget 3 years as a time period to get through from CA Inter modules. However, You might be able to get through in first attempts. In that case you will take 2 years and two or three months in total.
After doing CA inter, you will have to join some CA firm working under the charter of ICAP for CA ARTICLESHIP. This is done by entering into a contract with the firm's partner (the principal) and getting it registered with ICAP. This all is done by firms normally, you have to deposit fee and arrange documents only. Your training period after CA Inter would be three and a half year in total which includes two months' probationary period. Normally seats are not readily available with the firms for registering a candidate as ARTICLESHIP STUDNET with ICAP. Therefore, typically it takes six months to eight months time to get a seat in a good firm. This will then make the overall period of training almost equal to 4 plus years. However, some times lucky students get the seat soon after joining and accordingly they undergo trainning for exact 3 and half years. Seats are fixed for partners of a firm and qualified managers working with the partners by ICAP. The limit of seats range from 10 to 20 per partner/qualified manager in a firm depending upon varying level of experience and designation. Therefore, the availability of seats is a real problem in good firms. It does not depict the bad intentions of the management.
After exact 18 months of starting articleship (registering the contract with ICAP) one is allowed to appear for MODULE E exam. It means that last 24 months should be remaining of one's article for making his/her elgibility for module E exam.
Module F could be attempted when last 12 months of one's articleship are remaining.
ICAP takes exams of module E and F twicely in a year; once in June and secondly in December. But unlike CA Inter, one cannot attempt both modules simultaneously. However, if one gets referral only in one paper of module E and gets permanent credit in all other papers, he/she can attempt that one paper along with Module F. However, if more than one paper of Module E are referred, then one cannot take exam of module F unless he/she clears the referred papers totally or leaving only one referral paper in balance.
Without joining a CA firm and without completing required trainning/article's period one cannot appear for module E exam.
On qualifying module E, one is called CA Finalist and on qualifying module F he/she is called QUALIFIED CHARTERED ACCOUNTANT or CHARTERED ACCOUNTANT.
On qualifying module F and after completing any remaining articleship tenure, one has to apply for the membership of ICAP. Then ICAP will issue ACA designatory letters i.e. ASSOCIATE MEMBERSHIP to the chartered accountant.
If some one is working in industry or as a manager (otherwise than as partner) in a CA firm he will become FCA i.e. fellow member of ICAP after 10 years of getting ACA status.
If some one is working as partner in a CA firm i.e. has started his practice, he will get FCA status after only 5 years of becoming ACA.
After that, he will remain FCA.
Hope you have received a detailed reply to your question.
Regards,
Kamran.
