Friday, January 16, 2015

ICAB Entry Criteria



ICAB Entry Criteria
The Council of the Institute of Chartered Accountants of Bangladesh in its meeting held on 27 June 2011, approved the Criteria for entry into Article-ship of the Institute.

Entry Criteria

Students having the following qualifications are eligible for Article-ship:
1. Under Graduates:
(i) SSC & HSC or Equivalent Examinations:
GPA 4 in SSC with GPA 5 in HSC
Or
GPA 5 in SSC with GPA 4 in HSC
Period of Articleship: Four (04) years.
(ii) ‘O’ & ‘A’ Levels:
-Minimum 38 points in ‘O’ Level in minimum 5 subjects & maximum 07 subjects
and
-Minimum 12 points in ‘A’ Level in maximum 03 subjects
-Points to be considered as Grade ‘A’ = 10 points, ‘B’= 6 points, ‘C’=4 points
-No point will be considered for Grade less than ‘C’
Period of Articleship: Four (04) years.
Provided that candidates securing 3As in ‘A’ Level with the necessary requirement in ‘O’ Level will have a period of Articleship of three years and six months.
(iii) ‘O’ Level & HSC:
-Minimum 38 points in ‘O’ Level in minimum 5 subjects & maximum 07 subjects
&
Minimum GPA - 4 in HSC
Period of Articleship: Four (04) years.
2. Graduates and Post Graduates:
Graduates or Post- graduates in any discipline having minimum 07 (seven) points with no third division/ third class from any recognized Board/Public University/ National University/ Private University/ Institute (as approved by University Grants Commission of Bangladesh).
Points will be determined as under:
Level
Grade/ Division
Points
‘O’ Level*
(No point will be considered for Grade less than ‘C’)
Grade Point 24 or above (minimum 5 subjects & maximum 07 subjects) as per point scale in term 1(ii) above
3
Grade Point 20 to less than 24 (minimum 5 subjects) as per point scale in term 1 (ii) above
2
SSC *
GPA 3 or above/ First Division
3
GPA 2 to less than 3/ Second division
2
HSC
GPA 3 or above / First Division
3
GPA 2 to less than 3/ Second Division
2
Graduation
CGPA 3 or above (out of 4) & CGPA 4 or above (out of 5) / First Class
3
CGPA 2.5 to less than 3 (out of 4) & CGPA 3 to less than 4 (out of 5) / Second Class
2
Post Graduation
CGPA 3 or above (out of 4) & CGPA 4 or above (out of 5) / First Class
3
CGPA 2.5 to less than 3 (out of 4) & CGPA 3 to less than 4 (out of 5) / Second Class
2
Period of Articleship: Three (03) years
* In case any candidate has passed both the examinations, either ‘O’ Level or SSC examination result (whichever earns more points) will be considered.
3. ACMA/FCMA and ACCA/FCCA
ACMA or FCMA of ICMAB and ACCA or FCCA (with no consideration of Division/ Class/CGPA in any Level of academic qualification/examination). They will be exempted from the following papers:
Professional Stage (Knowledge Level):
Accounting*
Taxation-I
Business and Commercial Law
IT Knowledge
Professional Stage (Application Level)
IT Application
* He /she will have to successfully complete a ‘Conversion Course’ on ‘Preparing Ltd. Co. Accounts’ to be organized by ICAB in order to get exemption from PS(K) accounting. Alternatively, he/she will have to pass the ‘Accounting paper.
Period of Articleship: 02 (two) years
4. This notification will become effective from 28 June 2011.
N I Chowdhury FCA
Secretary-ICAB
ALL MEMBERS OF THE INSTITUTE

ICAB Academic Campus, Dhaka: Class Schedule

Professional Exam Fee

Revised fees for Professional Stage and Advanced Stage Examinations
The Council of ICAB in its meeting held on 27 June 2011 approved following revised fees structure for Professional Stage and Advanced Stage Examinations w.e.f. the Examinations of November-December 2011:



1.    (a). Professional Stage (Knowledge Level): Tk. 1,300/- per subject, maximum of Tk. 8,500/-


(b). Professional Stage (Application Level): Tk. 3,000/- per subject, maximum of Tk.18,000/-



2.    (a). Advanced Stage (Integration): Tk. 5,000/- per subject, maximum of Tk. 12,000/-


(b). Advanced Stage (Case Study): Tk. 10,000

APPLICATION FOR LIBRARY CARD

         THE INSTITUTE OF CHARTERED ACCOUNTANTS OF BANGLADESH (ICAB)
                Chartered Accountant Bhaban  100, Kazi Nazrul Islam Avenue Dhaka – 1215
            Tel.9117521,9112672,9115340.Fex.+880-2-8119399. Email: secretary@icab.org.bd 
                                    APPLICATION FOR LIBRARY CARD
                              (Relevant portions to be filled in by Applicant in block letters)    
                                                                                                                                                 
Code No. -------------------------                                               Form No. ----------------------
1. Name : ______________________________________________________________________________
              (as per candidate’s S.S.C. or equivalent certificate)
2. Father’s Name : _______________________________________________________________________
3. Mother’s Name : ______________________________________________________________________
4. Date of Birth: ________________________________________________________________________
5. Name of CA Firm : ____________________________________________________________________
6. Name of Principal : ____________________________________________________________________
7. Articled Registration No. : ______________________ Date of Registration : ______________________
8. Address :
Present Contact Address Permanent Address
Tel:                               Mobile: Tel:                               Mobile:
Email: Email:
General Rules and Regulations for Library users (students):
1. The users must produce/show the Library card to the security/Library staff on entering the Library, carry the same
with them at all times and be prepared to show the card on request by the Library staff;
2. If the Card is lost/damaged/defaced, the user shall have to pay Tk. 500.00 (Taka five hundred) only, two copies of
stamp sized photograph for a new card;
3. The users are not allowed to carry their personal books/study materials with them in the Library;
4. No books/study materials would be issued to any students card holders;
5. No books/study materials should be taken outside the Library;
6. Absolute silence shall be observed inside and in the vicinity of the Library;
7. Strict discipline must be maintained in the Library. Indiscipline may lead to disciplinary action and the Library
privileges may be withdrawn;
8. The card is nontransferable. For misusing the card, the library facilities would be withdrawn;
9. Students are required to handle books and reading materials very carefully. Marking on Library books with pen or
pencils, tearing the pages of spoiling the same in any other way will be viewed very seriously. In such case, the last
reader will be held responsible unless he shows the Librarian at the time of taking the book for reading. In the event
of damage of any kind, the last reader will be liable to compensate for damages. Book(s) will have to be replaced.
I do hereby promise that I shall abide by the rules/regulations of the Library.
------------------------------------
Signature of applicant
___________________________
Signature of the ICAB Authority
Note: Violation of Rules will call for punitive action against the concerned students.
MONTHLY ALLOWANCE OF ARTICLED STUDENTS (w.e.f. 01 July 2011)

The Council of the Institute of Chartered Accountants of Bangladesh(ICAB) in a meeting held on 27 June, 2011 approved enhancement of monthly allowance of Articled Students as under effective from 01 July 2011:
1st year Tk. 3,000/-

2nd year Tk. 3,500/-

3rd year Tk. 4,000/-
4th year Tk. 4,500/-


CA Articleship
Why Articleship
Since an academic degree holder has no practical training on professional accounting so an academic degree holder in any discipline and even on accountancy cannot perform the above jobs professionally.
Due to the difference of qualification between a Chartered Accountant and an academic degree holder, the Chartered Accountant has vast scope in the field of employment and engagement. A Chartered Accountant can practise, but a normal degree holder even in accountancy cannot practice as a practicing accountant. A Chartered Accountant can be self employed as he is a professional accountant and can create job opportunities for others.
Who can become an Articled Student
Students having the requisite qualifications (as declared by the Council of ICAB time to time) are eligible for Articleship.
Period of Articleship
(a). Candidates securing A+ (CGPA 5.00) in SSC and A+ (CGPA 4.0) in HSC OR A+ (CGPA 4.00) in SSC with A+ (CGPA 5.0) in HSC Examinations held under any recognized Education Board of the Country or Minimum Grade 2As and 3Bs(total 5 subjects) in ‘O’ Level Examinations from University of London or equivalent bodies/ Institute; and Minimum Grade 2B or 3Cs in‘A’ Level Examination from University of London or equivalent bodies/Institute will have a period of Article-ship of 04(four)years.
Provided that candidates securing minimum 3As in A level will have a period of Articleship of 3 ½ years.
(b). Graduates or Post-graduates in any discipline having minimum 07 points with no third division or equivalent from any recognized Boards/Public Universities/National University and Private Universities/Institutions of Bangladesh (as approved by ICAB) will have a period of Article-ship of 3 (three) years.
(c ). Qualified Members of ICMAB either ACMA or FCMA and ACCA or FCCA (with no consideration for Divisions/Classes/CGPA) will be exempted from Professional Examination-I. Period of Article-ship for these candidates will be 02(two) years.

How can be a Chartered Accountancy Student

A Chartered Accountant is a professionally qualified accountant. Before qualification a person seeking Chartered Accountancy course has to take article-ship with a Chartered Accountancy Firm and undergo extensive training on the profession of accountancy having been attached with a principal who is member of the ICAB and is permitted to train articled students. The articled student will be registered with the ICAB as a Chartered Accountancy student. When a student can qualify in all the professional examinations within the article-ship period or after the article-ship period an articled student becomes a qualified Chartered Accountant.
Registration Fees for Article-ship
Registration fees for Article-ship is Taka 30,000/- with following breakup with effect from 01 July 2011:
Sl. No.
Particulars of Fees
Amount
(Taka)
1.
Pr-Examination Coaching Class (for 01 session of/ Professional Stage-Knowledge Level only)
13,500
2.
Cost of Study Manual (PS - Knowledge Level)
3,000
3.
Cost of Suggested Answer (PS - Knowledge Level)
1,600
4.
Students’ Association Fee
5,00
5.
Registration Fee & Administrative Cost
8,900
6.
Library Card
2,500
Total =
30,000

Award & Scholarship

Following scholarships are available to the eligible studying Chartered Accountancy under the Institute of Chartered Accountants of Bangladesh:

Sl.#
Name of Scholarship
1
ACNABIN General Scholarship
2
ACNABIN Female Scholarship
3
ABM Azizuddin Scholarship
4
R R H Scholarship
5
S F Ahmed Foundation Scholarship
6
M H Chowdhury Scholarship
7
A.F. Mujibur Rahman Foundation Scholarship
8
M. Mashiur Rahman Memorial Scholarship
9
New Zealand Dairy Scholarship
10
AKM Mizanur Rahman Scholarship