The Institute provides entry to students from diverse disciplines i.e. Commerce, Science or Arts and from various educational levels such as Higher Secondary School Certificate/ A Levels, Graduation and Post-Graduation.

There are two schemes of entry:

• Full Time Studies Scheme
• Trainee Scheme

Full Time Studies Scheme

This scheme caters to the students who want to join the profession after completing their 12 year education, namely, Higher School Certificate, A Level and other equivalent qualifications. However, there is no bar for graduates to choose this stream.

Pre-requisites

Candidates who have Higher Secondary School Certificate with minimum 50% marks, ‘A’ Levels with minimum two passes, or equivalent qualification and graduates with minimum 45% marks.

Entrance Test

Before entering into the professional exams candidates pass or obtain exemption from entrance test; Assessment of Fundamental Competencies (AFC). A candidate may be provisionally registered for AFC exams as fulltime student if result of pre-requisite qualification is awaited.

Education Prior to Training

The candidates pass or obtain exemption from the papers of Certificate in Accounting and Finance (CAF) prior to training.

Training and Education

On successful completion of CAF, it is mandatory for the student to join an authorized training organization of the Institute for a prescribed period. Training includes specific learning hours for each field of specialization through practical experience. These standard working hours are mentioned in detail in the Training Regulations and Guidelines of the Institute.

To become a chartered accountant, the candidates are required to qualify the following stages:

• Certified Finance and Accounting Professional (CFAP)
• Multi subject Assessments (MSA)
• Financial Reporting Professional Competence; and
• Audit professional competence.

Trainee Scheme

This scheme is designed for university graduates who want to pursue CA qualification.

Entry

Candidates who possess graduation and post-graduation qualification with minimum 45% marks may directly register as a trainee after passing or obtaining exemption from entrance test; Assessment of Fundamental Competencies (AFC).

These candidates also have an option to commence training before passing AFC, but their training will be terminated if they do not pass AFC within one and a half year of training or within the maximum available attempts whichever comes earlier.

Training and Education

Training includes specific learning hours for each field of specialization through practical experience. These standard working hours are mentioned in detail in the Training Regulations and Guidelines of the Institute. During training the candidate qualifies the following stages:

• Certificate in Accounting and Finance (CAF)
• Certified Finance and Accounting Professional (CFAP)
• Multi subject Assessments (MSA)
  • Financial Reporting Professional Competence; and
  • Audit professional competence.