How to Be a Chartered Accountant in Bangladesh

Studying CA in Bangladesh

There are many students who are willing to study CA but don't know any information about it. Many approached me for enrollment information in CA. So I thought it would be better if I put here for everyone.

Introduction:
CA is a professional degree in financial accounting. Here you have to understand the difference between academic and professional degree. Those who complete CA receive ACA degree initially and with time and following requirement, they become FCA. In Bangladesh, CA degree is offered by Institution of Chartered Accountants of Bangladesh (ICAB). There is two parts of CA study which have to be done simultaneously. First part is theoretical part and second part is practical part. In theoretical part, students have to appear on exams on several papers depending on which level he is in. Under the current syllabus, there are a 3 level containing total of 18 subjects. On other part, the practical part, students have to undergo 2 to 4 years of practice as article student. Years of article-ship depends on the academic level completed earlier. ICAB website is referred for details in this context.

Entry Requirements:
Entry requirement in CA is determined by ICAB is published in ICAB website. You can see the requirement in details in this link (ENTRY REQUIREMENT). Students completing HSC or A level can also enroll in CA.

Starting CA:
A student has to start with practical part. For that, he/she has to join in a CA firm and get registered with ICAB. Registration can be availed after probation period of the firm he/she has joined. Article-ship starts from the date of registration. At the time of registration, a student has to enter in a tri-party contract. Three parties are student his/herself, the firm and ICAB.

Study and Exams:
A student can appear on exams of theoretical part after completing 10 months of article-ship period. Exams are held two times a year during June and December. A student can sit for exams sessions after completing 10 months of article-ship. There are total 3 levels in theoretical part. Knowledge level, Application level and advance level. Knowledge and Application level consist of 7 subjects each where advance level has only 4 subjects. A student starts in knowledge level and after passing all 7 subjects of knowledge level they move to application level. It is to be noted that student can't attend exams from two levels in one session. At present student have 10 attempts to complete both knowledge level and application level. For advance level students will get 6 attempts. Each session of exam is counted as an attempt whether a student appears in the exam or not. If levels are not completed within the mentioned number of attempts, all passes in that level will be nullified and student have to start over from the same level. Students don't have to pass all 7 or 4 subjects at a time rather they can pass paper by paper.

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Account BenefitCosts:
There is no cost when student joins in a CA firm. However, students have to pay Tk. 30,000 at the time of registration in ICAB. There are no annual subscription fees. Student have to pay exam fee during each session in following manners Tk. 1300 per subject in knowledge level, Tk. 3000 per subject in application level and Tk. 5000 per subject except case study subject in advance level. Exam fee for case study is Tk. 10,000. Students have to pay for a one time coaching class in each level. Coaching class fee is added with registration fee for knowledge level. However coaching class fee for application level is Tk. 15,000 and Tk. 15,000 for advance level except case study, Tk. 25,000 for advance stage case study.

In CA, not only students' pays but students also get paid. CA firms pay their students' allowances per month depending on their firm policy. However this amount can't be less the amount determined by ICAB. At present ICAB have fixed allowance as Tk. 3,000 per month for first year student. Tk. 3,500 per month for second year student, Tk. 4,000 per month for third year student and Tk. 4,500 per month for fourth year students.

Achieving Degree:
When a student successfully completes article-ship, he achieves CA(CC) title. CA(CC) means CA course complete. It is earned even if no subject is passed in theoretical part. A student has to complete both practical part and theoretical part in order to pass CA course and achieve ACA degree. ACA means Associate Chartered Accountants and is a person who have successfully passed CA course. When a person becomes an ACA, he/she may apply for membership in ICAB.
More detail about
The Institute of Chartered Accountants of Bangladesh