Best Chartered Accountancy (CA) college in Nepal

Best Chartered Accountancy (CA) college in Nepal

Best Chartered Accountancy (CA) college in Nepal
Saru Niraula

A professional career path that offers a prominent and lucrative job position is the Chartered Accountant (CA) program in Nepal. 

In addition to providing financial audits in the public and private sectors, chartered accountants also serve as consultants for feasibility and investment ideas, tax management consultants, and agents to assist with managerial choices for corporations like banks and insurance. 

The Institutes of Chartered Accountants of Nepal set the standards for CA programs in Nepal. The International Federation of Accountants, the Confederation of Asia and Pacific Accountants, and the South Asian Federation of Accountants are all members of Nepal's Chartered Accountancy(CA).

ICAN-related courses are offered there. Professional accountants with an in-depth understanding of accountancy, auditing, costing, taxation, law, and management are certified after completing the three-year Chartered Accountancy(CA) in Nepal course, which combines theoretical instruction and practical training.

List of best CA Colleges in Nepal

The best CA Colleges in Nepal are as follows:

  • Birgunj Public College (BPC)
  • Chaitanya Institute of Management (CIM)
  • British College
  • International School of Management and Technology (ISMT)
  • Merryland College
  • Nepathya College
  • Premier College
  • CCMA College

Structure of CA Course in Nepal

  • CAP 1 (six months): Students must have earned an A level, Plus 2, or certificate level from an accredited institution before enrolling in CAP 1 (six months). The cost of the CAP1 course as a whole is Rs27,500. To join for CAP 2 level, they must also pass the ICAN eligibility test.
  • CAP2 (nine months): The entire cost of the CAP2 program through ICAN is Rs 32,500. They must pass an ICAN eligibility test to advance to the CA course's final phase.
  • CAP3 (three years) includes practice training: They must have completed CAP1 and CAP2, enrolled as an article trainee working with a chartered accountant, and passed both exams. Article deeds must be signed and submitted to ICAN within a month of signing them.

Eligibility to study CA Course in Nepal

  • The requirements for studying CA in Nepal could change depending on whether the students choose a foundation approach or a straight admission option.
  • Students must pass class 12 to study CA in Nepal. Students must enrol in the ICAI's foundation program. In Nepal, students from any field, including management and science, can pursue a CA degree.
  • You can acquire a straight admission path if you have earned a Bachelor's or Master's degree in commerce with a minimum of 55 to 60%.
  • Although there is no minimum age requirement, students must be at least 12.

Syllabus of CA Course in Nepal

The course for CAP-I is: 

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 Statistics

100 Marks

The course for CAP-II is: 

CAP-II comprises 7 papers which are divided into two groups. 

 

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

Course of CAP-III

CAP-III of Chartered Accountancy comprises 8 papers broken down into 2 groups.  The tuition fee for CAP-III is Rs. 40,000. 

 

Group I

 

 

Group II

 

Paper 1.

Advanced Financial Reporting

100 Marks

Paper 5.

Management Information and Communication 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 Management Accounting

100 Marks

Paper 4.

Corporate Laws

100 Marks

Paper 8.

Strategic Management and Decision-Making Analysis

100 Marks

 

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Scholarships for studying CA Course in Nepal

There are many scholarships available for eligible students. Those who have met the following requirements can apply for scholarships. 

CAP-I Level: 

Students with a minimum of 2.8 CGPA or equivalent grade in the management stream or 3.2 GPA or more in other streams than management are from the economy. The geographically backward group can apply for a scholarship on an economically and geographically backward basis.

Students with a minimum of 3.2 GPA in management and a minimum of 3.6 CGPA in other streams than management can apply for the scholarship on a merit basis. 

CAP-II Level:

Students with a  minimum of 60% in Bachelor's degree or CAP I and from an economically and

geographically backward group can apply for scholarships on an economically and geographically backward basis.

A minimum of 75% in Bachelor's degree may apply for the scholarship on an eighter it basis

Scope of CA in Nepal

Once students pass the final board, becoming a CA/Chartered Accountant is a gratifying career with limitless options.

Careers are available in a variety of fields, including:

  • Entrepreneurship
  • Start-up Counseling, Management consulting
  • Business Valuation for Sales and purchases of goods and services
  • Business Planning, Budgeting, and Financial Projections
  • Corporate and income tax planning Developing management controls and accounting software
  • Acting as a trustee for receivership insolvency and bankruptcy
  • Cost estimation and cost accounting
  • Financial/Tax Accountancy
  • Developing strategies for securing financial aid and sponsorship.

As a CA, you can fulfil different roles as a trustee, executor, administrator valuator, liquidator, advisor, consultant or representative for finance matters, including taxation, corporate law, etc. 

Job opportunities exist in many areas like: 

  1. Private Sector Jobs (eg: manufacturing companies, trading businesses, private telecommunications and private tax consultancies)
  2. Public Sector Job
  3. Government Departments Job (Eg: Governmental banks, Governmental offices, Nepal Telecom, NEA etc.)
  4. Audit (Statutory Audit, Internal Audit and Tax Audit etc.)
  5. Certification Work, Property valuation
  6. Management Consultancy Services
  7. Certified Liquidator
  8. Accounting Job (Finance manager, Chief Accountant)
  9. Banking, Financial Institutions, Insurance Companies
  10. Corporate Management
  11. Political appointment at senior level
  12. Investigations or Forensic Accounting
  13. Teachers and Professors in CA institutes and colleges. Can compete for government lecturers position too.

A CA's beginning salary is roughly NPR 5 Lakhs annually in local companies. CAs can make more than NPR 10 Lakhs annually in larger national companies.

After completing the intermediate level, you must complete a 3-year internship in an audit firm or obtain industrial training that lasts for three years. This information comes from Payscale, which places the income of a CA in Nepal at around.

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