Saturday, July 2, 2011

Million, Billion, Trillion. What is Next????


Number of zerosU.S. & scientific communityOther countries
3thousandthousand
6millionmillion
9billion1000 million (1 milliard)
12trillionbillion
15quadrillion1000 billion
18quintilliontrillion
21sextillion1000 trillion
24septillionquadrillion
27octillion1000 quadrillion
30nonillionquintillion
33decillion1000 quintillion
36undecillionsextillion
39duodecillion1000 sextillion
42tredecillionseptillion
45quattuordecillion1000 septillion
48quindecillionoctillion
51sexdecillion1000 octillion
54septendecillionnonillion
57octodecillion1000 nonillion
60novemdecilliondecillion
63vigintillion1000 decillion
66 - 120 undecillion - vigintillion
303centillion 
600 centillion

Friday, July 1, 2011

CHARTERED ACCOUNTANCY COURSE [CA] Details


The new Course consists of Three main levels:
I. Level One: Common Proficiency Test (CPT)
  • Registration Criteria: A student who has passed 10th standard examination may register with the Board of Studies. However the student can attempt for the CPT only after appearing for the 12th standard examination. (Students who are appearing in 12th class examination in March, 2009, are also eligible to appear in CPT exam to be held on 28th June, 2009.)
  • CPT Exam Details:CPT Exam Details: CPT is an Objective type test requiring Basic Knowledge of the subjects covered. CPT will be held two times in a year: June and December.
  • Last Dates of Registration for the CPT: For June exam last date of registration with Institute is 31st March, of every year. Students attempting the CPT exam to be held in December, every year, should be registered with the Institute on or before 1st October, every year.
  • Subjects for the CPT: Refer below mentioned table.
  • Session I
    Subjects
    Fundamentals of Accounting
    Mercantile Laws
    Session II
    General Economics
    Quantitative Aptitude
  • Passing Percentage: 50% of Total marks are required to qualify the CPT. It has a flexible scheme of negative marking to the extent of 25% of incorrect answers.
II. Level Two: Professional Competence Course (IPCC) and Practical Training
ICAI believes in regular updation of the C.A. course to suit the fast changing environment. As part of this effort the Level Two of the course has been changed and re-christened IPCC. The details of IPCC are:
  • Eligibility Criteria:A student who has passed the CPT and 12th standard examination may join the Integrated Professional Competence Course
  • Practical Training: After passing group-I of the course, a student must join a practicing Chartered Accountant for practical training (Articleship). Articleship shall be of 3 years duration (36 months).
  • Additionally: In addition to artcileship a student must complete 100 hours of Information Technology Training (ITT) and 35 hours of ‘Orientation Programme’ ITT is to be started after a student registers for IPCC and completed before appearing in Group-I and Group-II of IPCE or Group I / ATE. Orientation Programme is of 4 sessions per day for 35 hours with an ICAI accredited institute.
  • Integrated Professional Competence Examination (IPCE): A student will have to appear for the IPCE after fulfillment of following conditions: PCE is conducted twice in a year, May and November.
  • 1. Completion of 9 months from date of registration for IPCC. 2. Undergo Information Technology Training (ITT) provided by ICAI itself for 100 Hours. 3. Undergo the Orientation Programme conducted by ICAI for 35 Hours.
  • Accounting Technician Course (ATC) : A student does not wish to complete erstwhile Intermediate/PE-II/PCC/IPCC can opt for Accounting Technician Course. After passing Group-I of IPCC.
  • Subjects for the IPCC: Refer below mentioned table
    • Eligibility Criteria:Passing Integrated Professional Competence Examination.
      - Undergoing General Management and Communication Skills Course.
      - During last six moths of completing Articleship Training of 3 years.
    • Passing Percentage: A student will have to secure 50% marks in aggregate and 40% in each of the individual subjects.
    • Subjects for the FINAL : Refer below mentioned table
  • Groups
    Papers
    Subjects
    I
    1
    Accounting
    2
    Law, Ethics and Communication
    3
    Cost Accounting and Financial Management
    4
    Taxation
    II
    5
    Advanced Accounting
    6
    Auditing and Assurance
    7
    Information Technology and Strategic Management
    II. Level Three: C.A.Final Course
    Groups
    Papers
    Subjects
    I
    1
    Financial Reporting
    2
    Strategic Financial Management
    3
    Advanced Auditing and Professional Ethics
    4
    Company and Allied Laws
    II
    5
    Advanced Management Accounting
    6
    Information Systems Control and Audit
    7
    Direct Tax Laws
    8
    Indirect Tax Laws
    Note: A CA passing successfully through all the above requirements is the only person constitutionally permitted to perform as a CA in India. And ZPA is the only pioneering academy that provides quality coaching services at all levels of the course. Hence, its an obvious option that students select from all over India and even abroad.