Frequently asked questions(FAQ)

 

General


ACCA, UK

Can I pursue ACCA if I’m from a Science/ Engineering/History/Arts background?

Yes, you can pursue ACCA as long as you meet the eligibility criteria mentioned above.

The online application should take no more than 10 minutes to complete, providing you have all the required documents ready before you start. You can also save a part-complete application and return to it later. ACCA shall maintain all the communication via your registered email address.

Graduates & Postgraduates with finance and accountancy background are eligible for the first 4 ACCA paper exemptions. Professionals in the finance & accountancy domain are eligible for 9 paper exemptions.

There are several routes to ACCA membership, and many students undertake prior learning which is equivalent to some ACCA exams. Wherever appropriate, ACCA ensures that students’ entry points match the knowledge and skills they have acquired from their previous qualifications. In doing so, they aim to provide students with the quickest possible route to membership.

Students can take session-based exams during the four exam sessions a year. These take place over 5 days in March, June, September, and December. You are eligible to write maximum 4 papers every quarter, and no more than 8 papers a year.

As soon as you pass all 13 papers, you are a certified an ACCA affiliate. Once you complete 3 years of relevant job experience, you become an ACCA member. Further more, you become an FCCA after 5 years of relevant ACCA job experience.

Please visit www.accaglobal.com to check the current registration fee details. Currently, ACCA registration fee is 79 GBP.

Please visit www.accaglobal.com to check the current annual subscription fee details. Currently, ACCA annual subscription fee is 112 GBP.

Please visit at www.accaglobal.com to check the current examination fee details. As per the ACCA examination policy, examination fee gets updated regularly.

  1. Skill Level: Per paper – 112 GBP, approximately.
  2. Professional Level: Per paper- 140 GBP, approximately.
  3. Strategic Business Leader (SBL) paper: 196 GBP

On an average, 1 to 2 years, depending on the prior qualification route.

Yes. All our faculty (national & international) are well experienced and professionally qualified.

ACCA exams are computer-based examinations.

Students can choose the Examination Centre while registering for the ACCA exam through my ACCA account (online).

CA, India

Is Chartered Accountancy a degree?

Yes, it is a recognized professional degree for pursuing a career as a chartered accountant. The University Grants Commission on March 15, 2021, announced that CA qualification will be treated equivalent to PG Degree based on requests submitted from the ICAI.

The three levels are now called as Foundation, Intermediate and Final in place of earlier levels, i.e. Common Proficiency Course (CPC), Intermediate (Integrated Professional Competence) Course and Final Course.

No. Candidates have to fill the registration form online

You can register in Foundation Course till 1st July so as to appear in November/ December Foundation Examination.

Out of 4 papers, 2 papers are subjective type (Paper 1 & 2) and rest of the 2 papers are objective type (Paper 3 & 4). Yes.Negative marking is for Papers 3 & 4 only and not for subjective papers, i.e. Papers 1 & 2.

ICITSS (OC & ITT) is a combination of Orientation Course (OC) and Information Technology Training (ITT). Advanced ICITSS (MCS & Adv. ITT) is a combination of Management and Communication Skills (MCS) and Advanced Information Technology Training (Advanced ITT). ICITSS and Advanced ICITSS are of 4 weeks each.

The students will get a certificate from the concerned Programme Organizing Unit (POU) after successful completion of the course.

Candidates can give six attempts in three years for CA Foundation. There is no upper age limit for CA Foundation. Candidates who met the educational qualification can try CA Foundation.

There is no defined course duration to complete the CA course, however, ideally, all courses of CA are completed within 5 years. The course is considered complete only after a student clears all papers of Chartered Accountancy courses.

Articleship is the most vital part of the CA course, it is a mandatory internship under a practicing Chartered Accountant for three years after clearing first or both groups of CA Intermediate.

Chartered Accountancy Course offers the students a dream career in the specialized areas of Accounting, Auditing, Corporate Finance, Corporate Laws, and Taxation.

CA Course is not tough if attempted with the necessary training and focused study. It simply prepares/trains an aspiring CA during the course period for the kind of work/duties which the aspirant would be performing once actually becoming a CA.

For further details and FAQs, visit www.icai.org/post/chartered-accountancy-course

CMA, US

How long does it take to complete CMA (USA)?

The CMA course duration is usually short. You can complete it within 1 or 1.5 years if you are dedicated.

If you are appearing after 12th, you will get the CMA certificate only after completing your graduate degree.

An IMA membership offers a lotas a career driver. It helps in searching for jobs, attending IMA webinars, networking with the existing CMA’s and attending chapter events/volunteering work. It is required to earn CMA certification.

IMA membership is necessary to earn CMA certification, and going forth, it isrequired to be maintained to keep CMA status active.

No.

Please visit www.imanet.org to check the current registration fee details. Currently, IMA registration fee is $250 USD.

Please visit www.imanet.org to check the current registration fee details. Currently, each part of CMA costs$415 USD.

All of our faculty (national & international) are well experienced and professionally qualified.

Computer-Based Examination.

Students can apply for the exam through their CMA account at any Pearson Centre in India.

CPA, US

What is the Uniform CPA Examination?

It is a 16-hour test, including four sections that all jurisdictions require you to pass in order to qualify for a CPA license.

You will take a different but equivalent exam. The questions presented to you will be drawn from a set of test questions according to the defined specifications. Even though you take different exams, the specifications ensure that the results remain comparable.

In case the candidate has less than 120 credits, a 1-year post graduate diploma course or a post graduation qualification is required before CPA registration.

No.

It depends on the state jurisdiction in the US which is opted by the candidate. Generally, the enrollment fee costs $225USD.Please visit www.aicpa.org for more information.

It depends on the state jurisdiction in the US which is opted by the candidate. Please visit www.aicpa.org for more information.

On an average, 12 to 18 months.

Yes. The majority of our faculty (national & international) are well experienced and professionally qualified.

It will be a computer-basedexamination.

From 2020 onwards, candidates can write the CPA exam in India. Please visit www.aicpa.org for more information.
CIMA, UK

What do I do if I have no formal qualifications?

CIMA operates a flexible entry policy, which means that as long as you feel that you have good knowledge and understanding of Mathematics and English, there is no requirement for formal qualifications to register.

You don’t have to work in management accountancy to study with CIMA. Anyone can register with CIMA. To call yourself a Chartered Global Management Accountant (CGMA), you will need to exhibit a minimum of three years’ worth of relevant practical experience.

Graduates & Postgraduates with finance and accountancy background are eligible for the paper exemption. Professionals in the finance and accountancy domain are eligible for the 14 papers exemption.

Please visit www.cimaglobal.com to check the current registration fee details. Currently, CIMA registration fee is 77 GBP.

Please visit www.cimaglobal.com to check the current annual subscription fee details. Currently, CIMA annual subscription fee is 120 GBP.

Please visit at www.cimaglobal.com to check the current examination fee details. As per the CIMA examination policy, examination fee gets updated regularly.

On an average, 1-2 years, depending on the prior qualification route.

Yes. The majority of our faculty (national & international) are well experienced and professionally qualified.

CIMA exams are a computer-based examination.

Students can choose the Examination Centre while registering for the CIMA exam through my CIMA account (online).