Frequently Asked Questions

CA yields:

1. 100% job placement with smart salary,
2. Professional and academic degree at the same time,
3. 3 Years of Practical Training (Articleship) with certain stipend prescribed by ICAN,
4. Well reputed and globally recognized profession.

+2 awaiting students from any stream (Management, Science, Hotel Management, Arts etc.) can join chartered accountancy course. A student can save invaluable 6 months of time by directly joining CA just after appearing the +2 board examination. Teams CA provides a special guidance to the non-management students. Around 50% of the CAs in Nepal are from non-management background.

It is not necessary to get passed in +2 examination for provisional registration in CA. The students waiting for results can join Chartered Accountancy course. They can get provisional registration and have to forward the proof of passing +2 to the board (ICAN) later, within the prescribed time frame.

Yes. Students can join Bachelors in Business Studies (BBS) along with CA. BBS can be regarded as an academic degree and CA as a professional degree.

The Institute of Chartered Accountants of Nepal (ICAN) is the member of the International Federation of Accountants (IFAC), the Confederation of Asia and Pacific Accountants (CAPA) and the South Asian Federation of Accountants (SAFA).

ICAN has got the mutual agreement from CPA Australia. This agreement has opened the door for the Nepalese CAs in global market. For more details contact us or visit ICAN.

CA course is challenging. Based on distance learning module, it involves in depth theoretical education and practical training imparting sound analytical and problem solving skills to the students. The course is divided into:
CAP - I - Six Months.
CAP - II - Nine Months.
CAP -III - Three Years. (including practical training).

After taking the course offered by the Institute passing its final examination and acquiring three years practical training, one can become a Chartered Accountant and member of the Institute.

Chartered Accountancy Professional-I Level:
This is basically for the students willing to enter in the professional CA course immediately after completion of higher secondary education (10+2, PCL, A Level or equivalent). The duration of CAP-I Level Course is Six Month.

Eligibility Criteria

The following are eligible to register for CAP-I Level:
Completed higher secondary (10+2) or Certificate level or A level or equivalent examination from recognized Educational Institution. Graduates/Post Graduates who have scored less than 50% in commerce and less than 60% in faculty other than Commerce and thus were ineligible to register directly in CAP-II Course (see CAP- II Level registration criteria).

Provisional Registration

Students those appeared for the final exam of +2 or equivalent and waiting their result may register their names provisionally.

The Course:
The CAP-I level comprises 3 papers follows:

Eligibility Test:
To be eligible to write final examination of the CAP-I Level, students are required to pass Eligibility Test as prescribed by ICAN.

Registration deadline:
The Summer Examination is held in the first week of June and Winter Examination in the first week of December every year. For appearing in Summer Examination, the registration must be completed on or before the end of November of preceding year and for Winter Examination, on or before the end of May of the year. There should be time interval of at least Six Months between registration and appearance of the CAP-I Level Examination.

After successful completion of the CAP-I Level, students shall enroll to the CAP-II Course.

Chartered Accountancy Professional - II Level:

Eligibility Criteria:

1. Passed the CAP-I Level Examination, or
2. Be a Graduate or Post Graduate in Commerce, Business Administration or Management with Accounts, Audit or Tax as a major subject and having secured a minimum of 50% aggregate marks, or
3. Be a Graduate or Post Graduate in Commerce, Business Administration or Management with Accounts, Audit or Tax as a major subject and having secured a minimum of 50% aggregate marks, or
4. Be a Graduate or Post Graduate in other than above with a minimum of 60% aggregate marks.

Provisional Registration:
Students those appeared for the above mentioned final exam may register their names provisionally.

The Course:
The CAP-II Level comprises 7 papers divided into two groups as follows:

Eligibility Test:
To be eligible to write the final examination of the CAP-II Level, students are required to pass Eligibility Test as prescribed by ICAN.

Registration deadline:
To be eligible to write the final examination of the CAP-II Level, students are required to pass Eligibility Test as prescribed by ICAN.

The Summer Examination is held in the first week of June and Winter Examination in the first week of December every year. For appearing in Summer Examination, the registration must be completed on or before the end of August of preceding year and for Winter Examination, on or before the end of February. There should be time interval of at least nine months between registration and appearance of the CAP-II Level Examination.

After successful completion of the CAP-II Level, students shall enroll to the Final Level of the Chartered Accountancy Professional Course.

Chartered Accountancy Professional - III Level:

Eligibility Criteria:

1. Passed both groups of CAP-II Level Examinations.
2. Registered as an article trainee under a practicing Chartered Accountant by signing an Articleship Deed. It must however be noted that the Articleship Deed must be submitted to ICAN within one month from the date of signing the deed.

Articleship: Practical Training
During the CAP-III Level Course, student should undergo paid articleship for the period of 3 years as an Atricled Trainee under a practicing Chartered Accountant.

The Course:
The CAP-III level comprises 8 papers divided into two groups as follows:

Eligibility Test:
To be eligible to write the final examination of CAP-III Level, students are required to pass Eligibility Test as prescribed by ICAN.

Examination Eligibility:
The Summer Examination is held in the first week of June and Winter Examination in the first week of December ever y year. For appearing in CA P-III Level Examination a candidate must comply with the following conditions:

Two years elapsed from the date of registration in CAP-III Level. Passed the Eligibility Test Scheme. Completed the prescribed period of Articleship (3 years) or has yet to serve not more than 12 months of Articleship (practical training) prior to the first day of the month in which examination is held.

After successful completion of the CAP-III Level course, an Individual should apply for the membership with ICAN. Only those who are the members of ICAN can use the designation "Chartered Accountant" in full or "CA" in brief and can practice Accounting Profession after obtaining Certificate of Practice.

Registration remains valid up to 5 years from the date of registration in CAP-I and CAP-II level. There is no time deadline for the completion of CAP-III level.

The quality services rendered by Chartered Accountants in corporate sector in National and International area, the demands of Chartered Accountants increasing day by day in corporate society. Career options for CAs include the followings:

1. Set up his own practice by obtaining Certificate of Practice (COP)
2. Join public or private sectors at Managerial and Policy making Level, Join services in NGOs or INGOs
3. Act as trustee, executor, administrator valuator, liquidator, advisor, consultant or as a representative for finance matters including taxation, corporate law matters, etc.
4. Designing and implementation of accounting system
5. Undertake capital projects, feasibility studies, project reports, etc. Certification functions and valuator of business. Advise the matters regarding merger and acquisition of business or planning activities and so on.