Sri Medha's innovative method for CA course
As India is poised to witness a rapid and sustained economic growth in the 21st century, there is a need for an army of professionals to meet the...
As India is poised to witness a rapid and sustained economic growth in the 21st century, there is a need for an army of professionals to meet the various needs of industry. Sri Medha is involved in creating a cadre of professionals to contribute to a dynamically changing finance and commerce industry. It has set out on this path with a mission to impart high quality education from Jr Inter to CA Final under one roof. It has introduced a study structure called COIN i.e., CA Oriented Intermediate. Under the COIN programme, a student will be given coaching for CA along with Intermediate course. Here follow Q&A on the programme:
What is COIN? COIN is CA oriented intermediate. Where in we provide CA coaching for intermediate level CA has three levels i.e., CPT, IPCC, & Final along with articled training. Therefore the first level CPT will be given in two-years of intermediate.
What group in intermediate is ideal to study COIN ? The ideal group to study in intermediate is MEC ( Math's, Economic, Commerce ) as the first level of CA i.e, CPT has same subject except Mercantil Law therefore MEC in intermediate gives the best foundation to pursue the further levels of CA.
Who are eligible to appear CPT exam? A candidate who has qualified intermediate or is appearing into II year examination can write CPT entrance exam. The student will be trained with CPT along with intermediate at Sri Medha.
What are the difference sections in COIN ? Based on the percentage secured in X, the students are segregated into different sections , They are
Will student be able to concentrate on CPT while studying Intermediate? Yes, the student can concentrate on CPT as the CPT classes will be dealt based on the intermediate syllabus only. The student will not be over burdened with extra syllabus.
What percentage of CPT syllabus is covered in intermediate in I year? The percentage of CPT syllabus covered during intermediate is as follows: Jr Inter � 30 per cent; Jr Inter Vacation � 30 per cent; In Senior Inter � 40 per cent. After Sr Inter 90 days � Revision & Mock test.
Are all the levels of CA available at Sri Medha ? Yes, the coaching for all the levels of CA, CPT, IPCC & final are offered at Sri Medha CA Academy. Articleship guidance is also provided to the student.
At what timings are CPT classes given? College timings are from 9 am to 6 pm wherein intermediate (MEC) classes are held from 9 am to 4 pm and CPT classes are held from 4 pm to 6 pm
How is the faculty at Sri Medha ? Intermediate classes will be dealt by Senior faculty who are experienced in teaching field and are more than PG qualified while CA classes are dealt by qualified chartered accountants only.
Do you conduct regular exams? Regular IPE test and CPT mock exams will be conducted every week. Toppers in all the exams will be given prize money from the management to appreciate the student and also to encourage & motivate the student for better results.
How do you communicate the student's performance to parents? We have designed a web portalwww.srimedha.net for Sri Medha students; during the admission the students will be given a unique user id and password. Parents can log in the web site at any time and check student's performance and his respective attendance.
Teaching process at Sri Medha ? Along with the subject, Personality development, Motivation programs and Time Management classes are also conducted to ensure best results from the students.
The Institute of Chartered Accountants of India (ICAI) periodically reviews the scheme of Education and Training to remain in tandem with developments in the field of education and other changes at national and global level. Evolving business also demands newer skills from the accounting professionals. Accordingly, the existing scheme was revamped and the new scheme was launched on December 10, 2008.
Three steps to becoming a CA
1. Entry Level Test
- Common Proficiency Test
2. First Stage of Theoretical Education
- Integrated Professional Competence Course
3. Final Stage of Theoretical Education
- Final Course
The Entry level test is named as Common Proficiency Test (CPT) which is designed in the pattern of entry level test for engineering, medical and other professional courses. It is a test of four hours duration comprising of two sessions of two hours each, with a break between two sessions. The test comprises of objective type questions only with negative marking for choosing wrong options. The Common Proficiency Test (CPT) has replaced Professional Education (Course-I) effective from September 13, 2006. The last Professional Education (Examination � I) was held in November, 2007.
The Integrated Professional Competence Course (IPCC) with an upgraded syllabus has replaced the Professional Competence Course (PCC) effective from December 10, 2008. The last PCC examination will be held in November, 2012. The last leg of the Chartered Accountancy is Final Course, designed to impart expert knowledge in financial reporting, auditing and professional ethics, taxation, corporate laws, system control, strategic finance and advanced management accountancy.
The Final (New) Course was launched in February 2007 and first examination under new scheme was held in November, 2008. The last Final (Old) Course examination will be held in November, 2010. Updated syllabus is benchmarked to chartered accountancy courses available around the globe and is fully compliant to International Education Standards issued by the International Federation of Accountants. Under the present scheme the period of articled training is three years. New upgraded 100 Hours of Information Technology Training replaced 250 Hours Compulsory Computer Training in December, 2006.
The present scheme emphasises on-
- Instituting a uniform entry level test � the Common Proficiency Test for all the students joining IPCC - ATC;
- Encouraging young talented students having aptitude for accounting education to make an early entry to the profession;
- Complementing theoretical education by appropriate modules of practical training;
- Providing quality classroom education through efficient accredited institutions;
- Imparting an upgraded Information Technology Training;
- Facilitating additional courses of study during articleship training;
- Helping students in acquiring professional ethical values and attitudes;
- Inculcating analytical ability among the students through case studies; and
- Globalising chartered accountancy education through organization of education and training abroad.