The Institute of Chartered Accountants of India (ICAI) is a statutory body established under the Chartered Accountants Act, 1949 (Act No. XXXVIII of 1949) for the regulation of the profession of Chartered Accountants in India. During its 64 years of existence, ICAI has achieved recognition as a premier accounting body not only in the country but also globally, for its contribution in the fields of education, professional development, maintenance of high accounting, auditing and ethical standards.ICAI now is the second largest accounting body in the whole world.
The Chartered Accountancy Course is a professional course in Accounting introduced in India in 1949, with the enactment of the Chartered Accountants Act, 1949. The Institute of Chartered Accountants of India was set up in that year as a statutory body to regulate the profession of chartered accountants. Under the Act, the Institute is both an examining and a licensing body. The responsibilities of conducting the Chartered Accountancy Course are also vested with the Institute. This course involves a blend of theoretical education and practical training and equips a student with knowledge, ability, skills and other qualities required of a professional accountant. On successful completion of the course, the student becomes entitled to apply for membership of the Institute which would in turn entitle him to use the professional description of "Chartered Accountant" and start his public practice as a chartered accountant after complying with the rules in this regard. At his option, instead of starting the public practice, he can take up an employment that requires the knowledge and expertise of a professional accountant. Scholarships: The Institute offers a range of scholarships and other financial assistance to all its students. Placement: In a dynamic and challenging business environment, the Chartered Accountants are looked upon as Complete Business Solution Providers. They are thoroughly trained practically in all avenues of Finance and Accounting. They can undertake responsibilities ranging from carrying out feasibility study, raising financial resources, compliance with regulatory framework, capital structure and planning, organizational development, installation of efficient accounting, budgetary control, information system apart from giving advice on complex issues such as joint ventures, foreign collaborations, amalgamation, merger, diversification, modernization, product pricing, BPO, restructuring etc.
The tuition fee differs according to the institute you choose.
However, if one doesn't one to take coaching, one needs to pay for exams and for training that the ICAI provides.
The course fee is very low which ranges from INR 30,000 per Semester. Scholarships are available for toppers at the individual level. Top 50 students get scholarships. Loans are not generally needed as the fees are quite low compared to other colleges.
The Institute of Chartered Accountants provides scholarships for merit and poor students. As of now, loans are not needed except the student is in very poor condition. Because the institute is taking very fewer fees compared to other courses in the present situation. The total fees will be less than INR 60000 to INR 70000 throughout the full duration of course.
The average fee for this course is around INR 1 lacs.yes it mary student to student if you are from poor background then you have to take loan otherwise its fee is a very nominal fee.
For fees there are no difficulty for poor as the fee's are very low. We have to pay only registration fees. And if we want to take coaching regarding the exams the coaching fee's also very low as compared to the other