Frequently Asked Questions:
Q1. Please give a brief introduction of Ummul Qura Education Foundation.
Ans:- Ummul Qura Education Foundation is an organization for the promotion and facilitation in preparation for professional courses and competitive examinations among those who offer five times namaz.

Q2. Who are the people associated with this organization?
Ans :- A group of Chartered Accountants and professors are associated with this organization.

Q3 :- What is this course of Chartered Accountancy exactly?
Ans :- Chartered Accountancy is a course containing education as well as training, imparted by the Institute of Chartered Accountants of India (www.icai.org). ICAI has been established by an act of Parliament in 1949. This is the only institution in India which is authorized to conduct this course.
The contents of this course are mainly accountancy, auditing, costing, and different taxation and business laws. For detailed information regarding requirements to become a Chartered Accountant, please refer to the separate sheet “New scheme at a glance- Requirement of becoming a Chartered Accountant” annexed herewith.

Q4 :- What is the duration of this course?
Ans :- The duration is approximately four and a half years. One has to pass mainly three examinations. i. CPT ii. PCC iii. Final, as well as complete three and half years of training.

Q5 :- Can a student carry on his graduation with Chartered Accountancy Course?
Ans :- Yes

Q6 :- What are the opportunities after becoming a Chartered Accountant ?
Ans :- You have three options.
1) Start your own Practice :A Chartered Accountant has numerous authorities to verify and report on a financial statement. If you have entrepreneurship and leadership skills, it is better to start your own practice. Again it is better to start your own practice in developed cities. There you can get higher rate of fees and areas of practice. If you opt to commence your own practice, you will have to invest and struggle in the beginning, but you can gain a lot in the long run.
2) Join a company in India as an employee : The normal salary for a fresh Chartered Accountant is around Rs. 50000/- to Rs 60000/- per month. Later on the increment depends on your improvement and exposure.
The vacancy for Chartered Accountants is always available. You can start earning from the very first day. 3) Go abroad, mainly gulf countries : There are lots of opportunities, mainly for Muslim Chartered Accountants in gulf countries. The normal salary of a fresh Chartered Accountant in gulf is between Rs. 90,000/- per month to Rs 1,00,000/- per month.
It is also advisable to join some companies in gulf countries after becoming Chartered Accountant. Continue this employment three to four years. Save some fund during this period. Thereafter come back to India. Establish your own practice in a metropolitan city.

Q7 :- How will Ummul Qura Education Foundation help in the preparation of Chartered Accountancy?
Ans:- Ummul Qura Education Foundation will provide following facilities :-
1. Accommodation – with cot and bed.
2. Reading room with relevant books.
3. Mess Facility
4. laundry Facility and
5. Coaching by a very dedicated team of teachers
Exclusive Features:
i) Joint Study: A group of 75 Namazi students shall pursue their Chartered Accountancy in one building. It will provide tremendous opportunities for interaction and group discussion among the students.
ii) Guidance of a group of Chartered Accountants: A group of Chartered Accountants will guide and check the level of preparation of each of the student on personal and regular basis. It will help the students in determining the stage of their preparation for examination.
iii) Interactions with scholars: Over and above, the toppers and rank holders of Chartered Accountancy course shall be invited to guide the students in the area of mode of study and presentation in examination etc.
iv) Tutorial Classes: A scientific approach for intensive coaching of the weak students has been taken. A small group of the students and teacher shall interact on a topic in a friendly manner. The concerned teacher shall assess the difficulties of the students and shall put special attention to resolve them.

Q 8: What are the expenses if we join Ummul Qura Education Foundation?
Ans :- For COACHING , HOSTEL FACILITIES AND MESSING CHARGES , a consolidated fee of Rs. 50,000/- (Rupees fifty thousand) per annum shall be charged from each student. The fee shall be payable in two equal installments of Rs. 25,000/- each.

Q 9: I am a students from Science back ground. Can I join Chartered Accountancy?
Ans:- Yes. We have seen that a student from Science back ground performs even better than a student of Commerce back ground.

Q10: I have done my schooling with Urdu medium. Can I do Chartered Accountancy?
Ans:- Yes. Many of our friends have qualified in Chartered Accountancy, even if they were students of Urdu medium during their school days.

Q 11: Please explain the complete scheme of Chartered Accountancy in brief.
Ans:- Under the new scheme, the requirements for becoming chartered accountant are as follows:
(i) Enrol with the Institute for Common Proficiency Test after passing Class 10 examination conducted by an examining body constituted by law in India or an examination recognized by the Central Government as equivalent thereto.
(ii) Appear CPT examination after appearing in the Senior Secondary Examination (10+2 examination) conducted by an examining body constituted by law in India or an examination recognised by the Central Government as equivalent thereto and after completion of specified period (i.e. 60 days) from the date of registration for CPT prior to the first day of the month in which examination to be held with the Board of Studies.
(iii) Join PCC, articled training and register for 100 hours ITT after passing CPT and 10+2 examination.
(iv) Undergo 100 hours ITT on completion of three months of articled training (100 hours ITT is a 20 days programme @ five hours per day; the training will be treated as part of the practical training).
(v) Appear in Professional Competence Examination (PCE) If worked for not less than fifteen months as an articled assistant or equivalent period as an audit assistant or partly as an articled assistant and partly as an audit assistant, three months prior to the first day of the month in which examination is held; and completed 100 hours ITT. Eight months of audit training is treated as equivalent to six months of articled training. Any fractional period of audit training less than eight months is not counted for this purpose.
(vi) Join CA Final course:
After passing PCE register for Final course with the Board of Studies;
Collect Study Materials of the Final Course and prepare for Final Examination;
May undergo General Management and Communication Skills Course while undergoing Final course;
and Complete articled training of 3½ years.
(vii) Appear in final examination on completion of the practical training on or before the last day of the month preceding the month in which the examination is held.
(viii) Pass Final examination and complete GMCS;
(ix) Enrol for membership.

Q 12: What is the syllabus of Chartered Accountancy?
Ans:
Syllabus – CPT (Common Proficiency Test)
Section A: Fundamentals of Accounting ( 60 Marks )
Section B: Mercantile Law ( 40 Marks )
Section C: General Economics ( 50 Marks )
Section D: Quantitative Aptitude ( 50 Marks )
Syllabus – PCC (Professional Competence Course)

Group I
Paper 1: Advanced Accounting (100Marks)
Paper 2: Auditing and Assurance (100 Marks)
Paper 3: Law, Ethics and Communication
Part I: Law ( 60 Marks)
Part II: Business Ethics (20 Marks)
Part III: Business Communications (20 Marks)

Group II
Paper 4: Cost Accounting and
Financial Management
Part I: Cost Accounting (50 Marks)
Part II: Financial Management (50 Marks)
Paper 5: Taxation
Part I: Income-tax (75 marks)
Part II: Service tax and VAT (25 marks)
Paper 6: Information Technology
and Strategic Management
Section A: Information Technology (50 Marks)
Section B: Strategic Management (50 Marks)


Syllabus – FINAL
Group I
Paper 1: Financial Reporting (100 Marks)
Paper 2: Strategic Financial Management (100 Marks)
Paper 3: Advanced Auditing and Professional Ethics (100 Marks)
Paper 4: Corporate and Allied Laws (100 Marks)
Section A: Company Law (70 Marks)
Section B: Allied Laws (30 Marks)

Group II
Paper 5: Advanced Management Accounting (100 Marks)
Paper 6: Information Systems Control and Audit (100 Marks)
Paper 7: Direct Tax Laws (100 Marks)
Paper 8: Indirect Tax Laws (100 Marks)
Section A: Central Excise (40 Marks)
Section B: Service Tax & VAT (40 Marks)
Section C: Customs (20 Marks)