CA Course in Nepal
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CA Course in Nepal

CA Course in Nepal

CA Course in Nepal

Initially established as a form of professional accounting body in Scotland in 1854, Chartered Accountant, then was granted royal charter of their inception from The Edinburg Society of Accountants (1854),the Glasgow Institute of Accountants and Aberdeen Society of Accountants(1867). Thus, this makes chartered accountant globally recognized designation.

Unfolding the pages of history of chartered accountant in Nepal, we can see that it has just been a decade. But within this short period of time the scope of CA has flourished in leaps and bounds and so does the interest of people towards it.  CA, the name itself sounds professional enough but to this once a successful CA this job will pay one good too.

Chartered Accountancy in Nepal

The history of Chartered Accountancy in Nepal is only a decade long. Despite its short history, CA has able to mark its existence in Nepal quite firmly. The popularity of CA in Nepal is ever so growing and is still in full swing.

The Institute of Chartered Accountants of Nepal (ICAN) was established under Chartered Accountant Act 1997 in Nepal.  ICAN aims in enhancing social recognition of people largely in accounting profession by raising public awareness towards the importance of accounting profession. In addition to this ICAN also is in constant work to make people understand and value the importance of social responsibility of accountants in development of the nation.  ICAN is an autonomous boy and the council is fully authorized by the Act of 1997 to undertake accountancy profession in Nepal.

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 of Nepal is responsible for carrying out the objectives it has set.

" ICAN to be recognized as a respected professional accounting body, providing leadership on standards, education and self-regulation in Nepal "

As the main mission and vision, ICAN embraces the following as its objectives:

  • To play the role of regulatory body in order to encourage the members to carry on accounting profession being within the limit of the code of conduct laid down so as to make accounting profession transparent.
  • To develop, protect and promote the accounting profession by making the members and the practicing accountants understand the responsibility towards the importance of the accounting profession and the accountancy.
  • To provide quality professional education to accounting professionals in consonance with international norms and practice so as to make the accounting profession respectable and reliable.
  • To support the government with constructive suggestions towards the formulation and the revision of legislation in regards to commerce, trade, accounting, revenue etc.
  • To support the economic development process by increasing the confidence among investors and general public towards the capital market by pronouncing the standards of discloses in financial reporting practices.

With ICAN doing its work in its respective place we can see the positive impact of ICAN in the country. CA has become increasingly popular among students. Considering the opportunities Chartered Accountancy study can offer in the future, it is not surprising that CA has become the preferred subject of many hardworking students.

Nepal, like any other countries is racing in the advancement of business and management fields, thus providing massive amount of options for CA professional. Thus, the advancement in the business and the career security has made CA one of the first picked courses by the students. The number of students studying CA within the country is increasing. The career prospect it holds is the key component and main reason behind its popularity and becoming priority of many.

Moreover, the number of institutions promising preparation classes for CA entrance to providing international level CA courses is increasing throughout the country, especially in and around the valley. And these institutions are also as promised has produced CA graduates that can compete in any global market.

Scope of CA study

The advancement of global market is in continuous motion so does the advancement in the business/management sector. The global development is inevitable and this is where the individual with true management skill enters. Which means the skilled manpower is in the demand everywhere. Hence, the scope of Chartered Accountancy is broadening as the time passes.  As said earlier, Charter Accountancy maximizes a person management skill through the best practical and theoretical knowledge. Once you acquire the knowledge of CA then there is no stopping for you as you are competent enough to go anywhere in the world.  You are ready to face any challenges that the world would put against you.

Once you get the recognition from the Chartered Accountant institution, you are now ready to take your learning in real world practices. For a CA, the world serves different options to choose from. Today CA not only holds positions as banker, accountants, auditors, financial analyzer but also has been able to hold high level positions in many government offices.

After the successful completion of CA, one can work in all fields of businesses that include accounting, taxation, financial analysis and auditing and more. The world run by businesses and the society governed by it, in an era like this, CA, which specializes in both practical and the best theoretical knowledge will suit the best and will meet the standards required. Chartered Accounting is a prestigious and rewarding profession however it’s an equally challenging career too. One cannot simply become a CA.  The courses of CA are designed to take your business knowledge and understanding to the limit, hence, making you the most competent person the business world demands. In other words chartered accountancy means that you are securing a sophisticated and rewarding job for the future.

Today, most chartered accountants holds high level post many private as well as different government offices. Due to the practically specialized courses that focuses on not only in theoretical knowledge but also in the analytical and technical skills learned and taught during the course of time enable them to secure a job.CA is Definitely the profession any one sees as secure career prospect but not everyone can handle the sheer amount of pressure and hard works one must go through during the learning phase. There are numerous countries which are authorized to produce worldly recognized chartered accountants. Every year under the guidance and affiliation of the authorized body in the nation, many young graduates are fulfilling their dreams of becoming a chartered account and carry their work professionally.

This proves that for a CA, the world is personal space where she/he can go wherever they want to.

Apart from the traditional work of per forming various types of audit, many CAs are serving private and public sectors in the capacity of Chief Executive Officer, Managing Director, Finance Director, Chief Operating Officer, Internal Auditor etc. There is a sustained demand for qualified, trained and experienced Chartered Accountants day by day as not only the private sector but government offices are also equally are in search for professional CA.

Scope of Chartered Accountancy in Nepal

There is no denying that Nepal is making its mark and competing head to head with other globally renowned countries in the field of educations. The increasing market/ business society has created array of multiple opportunities for young people who are pursuing their education in the country. The same goes to the students who are pursuing chartered accountancy in the country.

It’s not surprising that within a very short period of time, CA has made a mark in the student’s minds encouraging them to choose CA in the university level education. As the course of study of CA and the demand of the global market is compatible to each other, due to which they are supporting each other.

The scope of CA in Nepal is positive as the business industry is highly prioritizing CA professionals in their business. Not only in the private business sector but the skill and the practical knowledge of a CA is equally seek in many government offices making them equally important in government bodies. Due to their practical management, analysis skill, knowledge they acquire during their study, many CA professionals are working as high level officers in many government as well as private offices.

CA Course of Study

The ever so popular and practical course is not as many would think. The study/course is challenging and requires a lot of hard work and dedication to succeed. One cannot simply come, study and pass CA exams; it’s not as easy as it sounds. 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).

The CAP-I level comprises 3 papers follows:

Paper 1

Fundamentals of Accounting

100 Marks

Paper 2

Mercantile Laws and Fundamentals of Economics

100 Marks

Paper 3

Fundamentals of Management and Commercial Mathematics and Statictics

100 Marks

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

 

Group I

 

 

Group II

 

Paper 1.

Advanced Accounting

100 Marks

Paper 4.

Financial Management

100 Marks

Paper 2.

Audit and Assurance

100 Marks

Paper 5.

Cost and Management Accounting

100 Marks

Paper 3.

Corporate and Other Laws

100 Marks

Paper 6.

Business Communication and Marketing

100 Marks

Paper 7.

Income Tax and VAT

100 Marks

     

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

 

 

Group I

 

 

Group II

 

Paper 1.

Advanced Financial Reporting

100 Marks

Paper 5.

Management Information System

100 Marks

Paper 2.

Advanced Financial Management

100 Marks

Paper 6.

Advanced Taxation

100 Marks

Paper 3.

Advanced Audit and Assurance

100 Marks

Paper 7.

Advanced Cost and Managment

100 Marks

Paper 4.

Corporate Laws

100 Marks

Paper 8.

Stategic Management and Decision Making Analysis

100 Marks

Average Fees of studying CA in Nepal

CAP-I level

The total fee for the CAP-I Level course is Rs. 27,500.00. It can be paid fully at the time of registration or also on Installment basis.

Rs. 15,000.00 at the time of Registration and Balance Rs. 12,500.00 within 3 months from the date of registration. The fee structure may change on need basis by the Council.

CAP-II level

The total fee for the CAP-II level course is NPR 32,000.00. It can be paid fully at the time of registration or also on Installment basis. The fee structure may changes on need basis by the Council.

Rs 17,500.00 at the time of Registration and Balance Rs. 15,000.00 within six months from the date of registration.

CAP-III

The total fee for the CAP-III Level course is NPR 30,000.00 till 31st Ashadh 2072 and NPR 40,000.00 effective from 1st Shrawan 2072. It can be paid fully at the time of registration or also on Installment basis

50% at the time of Registration and Balance 50% within one year from the date of registration in Final Level

The fee structure may change on the need basis of the Council.

Recommended Colleges for CA Course in Nepal

With the growing number of students referring as well as taking this course, numerous institutions and colleges have adapted and are proving world class CA teaching. Every year the number is growing and parallel to that the numbers of such institutions are also increasing. There are colleges/ institutions especially in the valley the number is mountain high from where students can choose the college/institution of their desire to pursue their CA course.

Some of the colleges/ institutions where CA course is available are:

  • CCMA College Pvt. Ltd..Putalisadak, Kathmandu
  • National College of Accountancy, Battisputali, Kathmandu
  • People’s Campus, Paknajol, Kathmandu
  • Lumbini Banijya Campus, Devinagr, Butwal
  • Herald College, Bishalnagar, Handihaun, Kathmandu
  • Chartered Academics International (CAI) Pvt. Ltd.,Putalisadak, Kathmandu
  • CIMA Academics Pvt. Ltd.,Putalisadak, Kathmandu
  • Enlightened International Private Limited, Srijana Chowk, Pokhara
  • Professor Academy Pvt. Ltd.,Bharatpur, Chitwan
  • Prism Centre of Learning Pvt. Ltd.,Pokhara, Kaski