CA exams in Nepal are taken by ICAN (The institution of Chartered Accountants of Nepal.) The Institute of Chartered Accountants of Nepal (ICAN) was established under a special act, The Nepal Chartered Accountants Act, 1997 to enhance social recognition and faith of people at large in the accounting profession. The overview of the syllabus of CA course under ICAN is discussed in this article. 

There are three levels of CA courses in Nepal. So the syllabus is characterized by that basis.

 

  1. CAP-I: 

CAP-I is a basic Chartered Accountancy Course. The duration of CAP – I / Foundation Course is six months. The course has been designed to provide students basic knowledge and skills as part of the entry standard for the professional level. There are 5 subjects divided into three papers as follow:

Paper 1: Fundamentals of Accounting(Three Hours-100)

Level of knowledge: Basic

Objective of the subject: 

  1. To enable the candidates to understand the fundamentals of the financial accounting system and apply theory to basic financial accounting issues and process financial transactions.
  2. To enable the candidates to prepare accounting statements of small business enterprises and not-for-profit entities.

Resources:

Study Material, ICAN

Reference Books:

  1. Advanced Accounts by M.C. Shukla, T.S. Grewal & S.C. Gupta, S. Chand & Co. Ltd.,New Delhi 
  2. Advanced Accountancy by S.P. Jain & K.L. Narang, Kalyani Publishers
  3. Nepal Accounting Standards (NAS)

 Paper 2: Mercantile Laws and Fundamentals of Economics(Two Papers-Three Hours-100 Marks)

Part A- Mercantile Laws ( 50 Marks)

Level of Knowledge: General

Course Objectives

The syllabus is designed with an objective to impart fundamental knowledge and understanding of the elements of Mercantile Laws.

Resources:

  1. Mercantile Law – Study Material, ICAN

 Part B- Fundamental of Economics (50 Marks)

Level of Knowledge: General

Objectives of the subject:

The syllabus is designed with an objective to impart fundamental knowledge andunderstanding the elements of micro economics, macroeconomics and Nepalese Economy.

Resources: 

  1. Fundamentals of Economics – Study Materials, ICAN
  2. Book provided by the institute.

 

  1. Fundamentals of Management and Commercial Mathematics and Statistics: (two papers-100 marks)

Part A: Fundamentals of Management (50 marks):

Level of Knowledge: General

Objective of the subject:

The syllabus is designed with an objective to impart knowledge and understanding  of Fundamentals principles and function of management.

Part B: Commercial Mathematics and Statistics (50 marks): 

Level of Knowledge: General

Objective of the subject: 

The syllabus is designed with an objective to acquaint students with the knowedge of quantitative techniques applicable in the business environment. It is expected that the students from the study of the subject develop an ability to interpret the business related information and use them for an effective decision making. 

Resources: Fundamentals of Management and Commercial Mathematics and Statistics – Study Materials, ICAN

CAP-II

CAP-II syllabus contain 7 subjects divided into two groups: 

Group I: 

Paper 1: Advanced Accounting: 

Level of Knowledge: Working  

Course objectives:        

  1. Enable the candidates to understand the principles, methods and procedures of accounting as followed by different entities.   2. Enable the candidatesto understand the relevant laws, principles, practices and  NFRS for the preparation and presentation of financial statements.   
  2. Provide understanding of the tools and techniques followed in the analysis and interpretation and presentation of financial statements of companies.  
  3. Familiarize the candidates with the basics of computerized system of accounting.

Resources: 

  1. ICAN Study Material
  2. Nepal Accounting Standards (NAS)/Nepal Public Sector Accounting Standards(NPSAS) 
  3. InternationaI Financial Reporting Standards( IFRS)                           
  4. Advanced Accounting, R. L. Gupta  M. Radhaswamy, S. Chand 

Paper 2: Audit and Assurance

Level of Knowledge:Working 

 Course objectives:        

  1. To develop candidates’ capability in understanding the relevant auditing procedure.        2. To develop candidates’ capability to display the ability to document the accounting and internal control system of an enterprise.       
  2. To develop candidates’ capability in identifying significant risks and apply risk assessment tools to the engagement.

Paper: 3 Corporate  Other Laws  (One Paper-Two Sections- Three Hours-100 Marks) Level of Knowledge: Working 

 Course objectives:    Understand the general  knowledge of the provisions of Nepalese Commercial Laws and their application in the business environment.

Paper 4: Financial Management (One Paper – Three Hours -100 Marks)   

Level of Knowledge: Working

Objective: Develop knowledge and understanding of financial management methods for analyzing the various sources of finance and    Capital investment opportunities and application of various tools and techniques for business planning and control.

Paper 5: Cost and  Management  Accounting(One Paper – Three Hours 100 Marks)

Level of  knowledge: Working

Objectives of the course:  Required comprehensive knowledge of costing concepts and detailed procedures and documentation involved in cost ascertainment systems. Provide an understanding of the application of above knowledge to basic planning, control and decision- making.

Paper 6:  Business Communication  Marketing  (One Paper- Two Sections-Three Hours-1OOMarks) 

Section A: Business Communication 

Level of Knowledge:Working 

Course objectives:    

  1. Develop an understanding of the role of communication in business, communication process with basic qualities of business documents, letters, reports through writing assignments, simulating situations occurring in business organizations.    
  2. Become familiar with sources of business information and the techniques for collecting data necessary for the preparation of documents in business and produce employment communication,including resume, cover letter, and other employment documents.

iii. Develop an understanding of non- written business communications and demonstrate human relations skills through the use of effective listening techniques and interpersonal skills within a group setting (team building).

Paper: 6 Section B: Marketing  

Level of Knowledge: Working  

Course objectives:  

Develop knowledge and understanding of fundamentals of marketing relevant to a professional    Understanding marketing forces and practices in organizations.

 

Paper 7: Income Tax and  VAT  (One Paper – Three Hours – 100 Marks)    

Level of Knowledge:Working  

Course objectives: 

  1. The objective of this syllabus is to give candidates an understanding of the basic concepts of Nepalese income Tax regulations as an important part of direct taxes and of Nepalese Value Added Tax regulation as an important part of indirect tax in Nepal.   
  2. Recognize the principles governing taxation of income. gain from disposal of assets and liabilities and conditions of disposals and deemed disposals.

iii. Recognize the principles governing     taxation of income, gain from  disposal of assets and liabilities and conditions of disposals and deemed disposals.   

  1. Recognize the basic concepts of charging income tax on various incomes.
  2. Recognize the basic concepts of tax planning and apply code of ethics principles in taxation assignments.

CAP-III

There are 8 subjects divided into two groups in CAP-III. They are as follows: 

Group I: 

Paper 1 : Advanced Financial Reporting  (One Paper – Three Hours – 100 Marks)  

Level of Knowledge: Expert  

Course objectives:    

  1. Enable the candidates to understand the purpose and context of “Nepal FinanciaI  Reporting Standards”,    Prepare financial statements, including consolidated financial statements forlimited liabilities companies and other specialized entities applying standards and to explain their presentations.    
  2. Interpret financial statements and other data for the benefits of users.

Paper 2 : Advanced Financial Management  (One Paper – Three Hours -100 Marks)  

Level of Knowledge: Expert  

Course objectives:  To gain an expert knowledge of the advanced issues ‘involved in financial management and the features of financial management in the global context.

Paper 3: Advanced Auditing (One Paper – Three Hours – 100 Marks)  

Level of Knowledge: Expert  

Course objectives:     

  1. To develop candidates’ capability in performing and reporting on audit and assurance to increase reliability of financial and non-financial information.     
  2. To develop candidates’ capability in identifying significant risks and apply risk assessment tools to the engagement.    

iii. To deveLop candidates’ capability to identify, gather and document evidence and assess its sufficiency and appropriateness for an audit engagement.     

  1. To ensure that candidates’ have acquired the competence to provide comprehensive audit and business assurance services, by testing their ability to integrate and apply their knowledge of auditing to realistic problems.

Paper 4: Corporate Laws  (One Paper – Three Hours – 100 Marks)  

Level of Knowledge: Expert  

Course objectives:    To gain an expert knowledge of Nepalese corporate laws and their practical application.

Paper 5: Management information and Control System  (One Paper – Three Hours – 100 Marks) 

 Level of Knowledge: Expert  

Course objectives:    

  1. Highlight the role of professional accountant as manager and evaluator of information systems.   
  2. Identify information requirements of an organization. distinguish among the different types of information systems to recommend specific systems for organizational requirements.    

iii.  Assist in the analysis, design and implementation of information systems.  

  1. Learn about the management, control and evaluation of IT infrastructure as well as information systems assets.

Paper 6: Advanced Taxation  (One Paper- Two sections-Three hours-1 OO Marks) 

Level of Knowledge: Expert  

Course objectives:   

  1. Gain expert knowledge on direct  indirect taxes as well as to make the students apply the expert knowledge in actual practice. 
  2. Gain expert knowledge of the provisions of the direct and indirect tax laws. 

iii.  Acquire the ability to apply the knowledge of the provisions  of laws to the various situations.

Paper 7: Advanced Cost and Management Accounting  (One Paper-Three Hours-l00 Marks)

 Level of Knowledge: Expert 

 Course objectives:         

  1. Understand cost accounting in relation to management functions.  
  2. Provide knowledge of using costing data for decision making.

iii. Control and understanding of emerging techniques of performance appraisal and  operational research.

Paper 8:Strategic Management and Decision Making Analysis (One Paper-Three Hours-1OO Marks)

 Level of Knowledge: Expert 

Course objectives:        

  1. Develop knowledge and understanding of process, concepts and techniques of strategic       management and decision making analysis relevant to a professional.
  2. Develop skills to formulate and implement strategies and analyze decisions in the   Nepalese context.

 

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