Chartered Accountancy; a brief overview

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With the rapid growth in the economy, careers in finance and accounts have gained tremendous popularity and the most prestigious career option in this field is that of Chartered Accountant. The prefix ‘CA’ added in the name is the symbol of trust. The title is an internationally recognized professional designation. Chartered Accountancy is a dynamic, challenging and rewarding profession that occupies the prominent role of the higher-level executive. CA license is the accounting professional’s highest standard of competence, a symbol of achievement and assurance of quality. CA’s are currently being accepted as business leaders who could take up roles beyond auditing and financial management. They are synonymous to the financial field and considered inseparable from the top-level management. CA’s works in various sectors including

  • Public sectors
  • Banking, Insurance and Financial institutions
  • Private Business Houses
  • Government Organizations
  • Telecommunications organizations
  • Colleges and other service sectors
  • NGO/INGO, Development sectors.

Despite the emerging charm and scope in CA profession, the number of Chartered Accountants in Nepal is very low to meet the demand of the market in the present scenario. Recognized and respected internationally, a qualification in Chartered Accountancy will also bring global mobility, with Chartered Accountants in constant demand both at home and abroad.

Frequently asked Questions on CA course.

  1. What is Chartered Accountancy (CA)?

Chartered Accountancy (CA) is a professional course in accounting that equips you to deal with areas of Accountancy, Auditing, Cost Consultancy, Taxation, Legal Matters and Management Consultancy.

  1. Who can study Chartered Accountancy?

Students who have passed final year of +2 examinations from any stream can join Chartered Accountancy starting from CAP-1 under ICAN.

  1. What is the governing body of CA studies?

Institute of Chartered Accountants of Nepal is the governing body of CA studies in Nepal.

  1. Is there any entrance test to get registration in CA course?

There is no provision of entrance test to get registration in CA course. 10+2 exam passed student can directly register the name in ICAN.

  1. What is ICAN?

ICAN stands for The Institute of Chartered Accountants of Nepal, an autonomous body established under Chartered Accountants Act, 1997 enacted by parliament of Nepal to regulate CA profession in Nepal.

  1. Which University imparting CA education?

No university in the world imparts CA education. Every country has its autonomous body established under the Act of Parliament, like The Institute of Chartered Accountants of Nepal (ICAN) for Nepal.

  1. Is it really hard to study Chartered Accountancy?

“Nothing is possible for those, who do nothing”. Chartered Accountancy education requires in depth dedication and regular labor with genuine effort for the successful completion of the course.

  1. What is Articleship?

A student is required to undergo about 3 years of practical training during CAP-3 known as articleship.

Written by: Roshan Dahal