Chartered Accountancy is a prestigious and rewarding profession that imparts the best technical skills in financial and management areas. Chartered Accountants today hold top management positions in public as well as private sector enterprises. They also render professional services as financial experts, accountants and management consultants to various private and public sector organizations. The Institute of Chartered Accountants of Nepal (ICAN) is an autonomous body and is fully authorized by the Act to regulate accountancy profession in Nepal. CAs are currently being accepted as business leaders who can take up roles beyond auditing and financial management. Despite the emerging charm and scope in CA profession, the number of Chartered Accountants in Nepal is very low to meet the demand of market in the present scenario.
No university in the world provides CA education. Every country has its autonomous body established under the Act of parliament, like The Institute of Chartered Accountants of Nepal (ICAN) in Nepal and Institute of Chartered Accountants of India (ICAI) in India. Students have to get registered with the respective board and can take regular preparation classes from TEAMS CA.
+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:
Paper 1 | Fundamentals of Accounting | 100 Marks |
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Paper 2 | Mercantile Laws and Fundamentals of Economics | 100 Marks |
Paper 3 | Fundamentals of Management and Commercial Mathematics and Statistics | 100 Marks |
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:
The Course: The CAP-II Level comprises 7 papers divided into two groups as follows:
Group I | ||
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Paper 1 | Advanced Accounting | 100 Marks |
Paper 2 | Audit and Assurance | 100 Marks |
Paper 3 | Corporate and Other Laws | 100 Marks |
Group II | ||
Paper 4 | Financial Management | 100 Marks |
Paper 5 | Cost and Management Accounting | 100 Marks |
Paper 6 | Business Communication and Marketing | 100 Marks |
Paper 7 | Income Tax and VAT | 100 Marks |
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:
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:
Group I | ||
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Paper 1 | Advanced Financial Reporting | 100 Marks |
Paper 2 | Advanced Financial Management | 100 Marks |
Paper 3 | Advanced Audit and Assurance | 100 Marks |
Paper 4 | Corporate Laws | 100 Marks |
Group II | ||
Paper 5 | Management Information and Communication System | 100 Marks |
Paper 6 | Advanced Taxation | 100 Marks |
Paper 7 | Advanced Cost and Management Accounting | 100 Marks |
Paper 8 | Strategic Management and Decision Making Analysis | 100 Marks |
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.
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:
Our primary focus is on methodological culture based on the method of scientific knowledge, facts and laws.
Our study materials are based upon the primacy of the field of study. It enables the acquisition of deep knowledge of the disciplines with each articulating the financial intelligence and skills that our students will attain.
We genuinely believe that perseverance, discipline and consistency will help pave the path to succeed.