ACCOUNTING TECHNICIAN SCHEME-BY ICAI

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CA Sudhir Halakhandi

PRACTICING CHARTERED ACCOUNTANT

13401 Points Posted on 06 January 2009

PART OF THE LETTER FROM PRESIDENT OF ICAI- ACCOUNTING TECHNICIAN SCHEME

In addition to Chartered Accountants, the growing Indian economy has resulted in a huge demand for second tier accounting personnel for large as well as medium and small enterprises. Realizing this, the Institute has launched a new course called Accounting Technician Course. The course was launched in the presence of the Union Railway Minister Shri Lalu Prasad Yadav and Union Minister of Corporate Affairs Shri Prem Chand Gupta, both of whom lauded the initiative of the Institute. This Accounting Technician course will not only fill gaps at the national level as accountants, but will also ensure that the values in the accounting process do not suffer. With closer interaction of agricultural and informal sector with the mainstream economy, the demand for such accountants is expected to go up every year. I believe that this step will provide a much needed service and further boost the image of the Institute as a premier accounting Institute of the country.

According to the scheme, any student who has passed the +two examination can join the Accounting Technician Course after passing the entrance examination called Common Proficiency Test. Thereafter, the student needs to pass four papers after undergoing study course for about 9 months with the Board of Studies and doing 100 hour computer training, besides an orientation course. To ensure that the student has adequate practical exposure, such students will be required to undergo practical training of one year under a Chartered Accountant whether in industry or in practice before he/she is awarded Accounting Technician certificate.

I am confident that with the expertise that the Institute has, and its large base in the shape of its membership, spread across India, we are in a position to impart practical training in a live environment. We will be able to ensure not only high quality education for Accounting Technicians but also development of appropriate skills necessary for them.

This is a historic step. We hope to be able to produce from the Indian youth, an employable youth and transform the employable youth into an accountable youth.

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CA Sudhir Halakhandi

PRACTICING CHARTERED ACCOUNTANT

13401 Points Posted on 06 January 2009

DIRECT ATC - INTER PASSED STUDENTS- PART OF THE LETTER FROM PRESIDENT ICAI

I would like to share with you details of yet another historic step which the Institute has taken. The Chartered Accountancy course is arguably among the best in the world and that is why it is also among the toughest courses. For that reason among others, many of our CA students who have passed their intermediate examination, and have also completed articleship training, are not able to pass the final examination and become Chartered Accountant.

To give recognition to all such students, simultaneously with the launch of Accounting Technicians Course, the Institute has decided that these students be awarded Accounting Technician Certificate. This, I believe, will do justice to all such students, which in my estimate may be more than 50,000 in number. I am quite confident that all such students who get recognized as Accounting Technicians will also make value addition to the accountancy profession and by their performance and competence bring credit to the Institute of Chartered Accountants of India. I request all members to spread the good word around so that all such eligible students can apply and obtain Accounting Technician Certificate from the Institute. Application can be submitted online as well.