CA, CS and CMA Course Details

CA, CS and CMA Course Details

Chartered Accountant, Company Secretary and Cost and Management accountant are some of the top and popular professional courses being pursued by the students all over India. Some of the students pursue these professional courses simultaneously for the reason that ca cs cma course details are to some extent related with each other and there are certain exemptions being provided by the respective institutes to those candidates who have eitherqualified either intermediate or final stage of the different professional courses i.e. CA, CS or CMA. Also there are many similar aspects with respect to the eligibility of the candidates for the courses, the stages of the courses as well as the training requirements.

A brief about the three professional course details

CA CS course details
CA course is about Encouraging young talented students having aptitude for accounting education to make an early entry to the profession through Foundation Route and also encouraging graduates and other appropriately qualified students to pursue this course through direct entry. It aims to complement theoretical education with practical training.

Stages of CA course

1. Foundation :- (Application Comprehension & Knowledge )
2. Intermediate :- (Analysis & application , Comprehension & knowledge )
3. Final :- (Evaluation & Synthesis , Analysis & application , Comprehension & Knowledge)

CS course is a professional course propound by ICSI with a mission “to develop high caliber professionals facilitating good corporate governance” It is a course that transform students into modern corporate professionals.

However the students can follow the link https://www.icai.org/post.html?post_id=254&c_id=109 to get more information about the course details and other relevant information.

Stages of Company secretary course
1. CS Executive Entrance Test (CSEET) (Earlier Foundation programme)
2. Executive Programme
3. Professional Programme

Students who wish to know more about CS course can follow the link
https://www.icsi.edu/media/webmodules/aboutus/courses/CS_Course_01042014.htm.

CMA course details
CMA course propounded by the Institute of cost accountants of India believes in cultivating and enhancing skills of success. This course has been designed to meet the Industry requirements and challenges in Global Economic Scenario. It has Six Skill Sets i.e

Knowledge, Comprehension, Application, Analysis, Synthesis and Evaluation. It has Motto to create student friendly syllabus and Industry friendly students.

Stages of CMA course

1. Foundation Course (Knowledge and comprehension)
2. Intermediate Course (Application and Analysis)
3. Final Course (Synthesis and evaluation)

Candidates who wish to look into the detailed procedure of admission, eligibility criteria, stages and fees details can visit https://icmai.in/studentswebsite/Admission.php.

CA CS foundation course

CA Foundation
The entry to CA course is categorized into two. The first one is the Foundation Mode and the second is the Direct Entry mode. A candidate is required to follow the under mentioned procedure:

i. Enrollment for foundation after appearing 12 th class examination
ii. Registration till 30th June/ 31st December for eligibility to appear in November/ May
Foundation Course Examination respectively.
iii. Appearing in Foundation Examination after passing 12 th class Examination

Subjects covered in Foundation Course

Paper-1: Principles and Practice of Accounting (100 Marks)
Paper-2: Business Law & Business Correspondence and Reporting (100 Marks)
Section A: Business Law (60 Marks)
Section B: Business Correspondence and Reporting (40 Marks)
Paper-3: Business Mathematics and Logical Reasoning & Statistics (100 Marks)
Part I: Business Mathematics and Logical Reasoning (60 Marks)
Part II: Statistics (40 Marks)
Paper-4: Business Economics & Business and Commercial Knowledge (100 Marks)
Part I: Business Economics (60 Marks)
Part II: Business and Commercial Knowledge (40 Marks)
(Paper-3 and Paper-4 are objective type papers with negative marking.)

CS Foundation

With the amendment in Company Secretaries regulation, 2020, new entrance method has been introduced for the students who wish to join the CS course. Now CSEET is the only qualifying entrance test for CS Executive programme and with this the Foundation programme has been discontinued with effect from 3rd of February, 2020. However the
candidates who have registered themselves before the said date are to follow the following
course details:

Paper-1 Business Environment and Law
Paper-2 Business Management, Ethics and Entrepreneurship
Paper-3 Business Economics
Paper-4 Fundamentals of Accounting and Auditing

Exemptions while Pursuing CA and CS course

ICSI has come up with some exemptions to ICAI (The Institute of Chartered Accountants of India) Final Course passed students. A candidate can pursue CS course after CA and as per new regulation of ICSI those Candidates who have passed the Final Examination of The Institute of Chartered Accountants of India (ICAI) are exempted from CSEET and shall pay Rs. 5,000 (Rupees Five Thousand Only) towards exemption fee at the time of Registration to
CS Executive Programme.

However a candidate can pursue CS course along with CA as both these professional courses are regarded as a greatest combination for the commerce stream students. The reasons why CS and CA are simultaneously opted by the candidates are that:

 They have common syllabus just the point of difference is that each have core subjects like tax , accountancy is found in CA as core subjects while Law subjects are core one in CS. If a candidate takes up both the professional courses from its initial stage, he needs to get qualified for every stage and undergo compulsory training requirements as per the guidelines of the respective Institutes.

 Also it opens up great prospective in near future if a candidate is qualified as both CA and CS as it forms a complete package where he can utilize his expertise andknowledge for large corporate.

CS course duration after CA

As a candidates who have passed the Final Examination of The Institute of Chartered Accountants of India (ICAI) are exempted from CSEET, so they can directly apply for registration to Executive programme. As per ICSI the duration of CS Executive programme is of nine months and the registration to the regular stage of the CS Course (consisting of Executive Programme & Professional Programme stages) is valid for a period of five years. During this period a candidate is required to qualify for both stages else can apply for re- registration.

Summary