Application Under ICAN

Admission Eligibility of Application Level

Eligibility for Registration in Application Level

A person in order to join the Application Level should,

pass the Foundation Examination, OR
be a Graduate or Post Graduate and have secured a minimum of 50 % aggregate marks.
Note:
- Entry in Application Level without passing Foundation is allowed for Graduates and Post Graduates with 50% or more marks which is also called direct entry route. But even for Graduates and Post Graduates, if the aggregate marks is less than 50%, then the direct entry to Application is not allowed and candidate must pass Foundation.

FAQ

What to do before CAP I's results are published?

As the Gap between CAP I exams and CAP I results in 2.5 months, its a substantial time which can be utilized for starting your CAP II classes. At Gurukul, we start CAP II classes generally within 10 days of CAP I exams.

Can CAP II registration be done before CAP I results?

No, CAP II registration in ICAN is not allowed if CAP I results are pending. However student can start taking classes in that time.

What are the timings of CAP II classes?

In Gurukul, CAP II classes are held from 6:30 a.m. till 4:30 pm with 2 intervals of 30 minutes each.

Registration Deadline

Application level’s registration are open all over the year. However student shall register at least 9 months before the Application level exams. Application level exams are held similarly in June and December. So,

To be eligible for Application level exams in December,

The last date for registration is February End (So that from March 1 to November End is 9 months, which makes student eligible for December exams)
Generally, students who appear for Foundation exams in December, their results are declared during the mid of February. These students generally have less than 15 days to register for Application level.

To be eligible for Application level exams in June,

The last date for registration is August End (So that from September 1 to May End is 9 months, which makes student eligible for June exams)
Generally, students who appear for Foundation in June exams, their results are declared during the mid of August. These students also generally have less than 15 days to register for Application level.

Course Structure

Grouping of subjects

There are seven subjects in Application level which are divided in 2 Groups. Group 1 and Group 2.

Group 1 consists of three papers:
Paper 1: Financial Accounting and Reporting
Paper 2: Audit & Assurance
Paper 3: Applied Law

Group 2 consists of four papers:
Paper 4A: Management Management
Paper 4B: Financial Management
Paper 5: Business Strategy
Paper 6: Applied Taxation

Exams and Passing Criteria

Pre-Test (For Being Eligible To Write Application Exams)
For appearing in the Application examination, students should complete the Pre-test exams (Online).

Application Level Exams
Like Foundation, Application Level exams are also held generally in the first week of June and December. One day gap is given during the exams. Routine and centre list are published in the ICAN’s official website at least 30 days before the exams.

Passing Criteria
A candidate will be declared to have passed Application Examination only if he passes in BOTH the groups. However student can pass both the groups at once or one by one. For eg, student can pass Group 2 in one exams and sit and pass Group 1 in another exams. However the student would be declared having passed Application Level only after passing both the groups.

A candidate will be declared to have passed in both groups simultaneously if at one sitting

i) a minimum of 40% in each paper of each of the group and an aggregate of 50% of all the papers of each of the groups is secured OR

ii) a minimum of 40% in each paper of both the groups and 50% in the aggregate of all the papers of both groups taken together is secured .

A candidate shall be declared to have passed in one group if

i) At one attempt a minimum of 40 % in each paper of the group AND
ii) 50% in the aggregate of all the papers of that group.

Exemption

A student who has scored 55% or more in any paper(s) but has failed in that group, shall be entitled for exemption in that particular paper(s), provided, a minimum of 30% in ANY ONE of the subjects of that group has been scored, and should have attempted all the papers in that group.
The exemption shall remain valid for the next three consecutive examinations but those students who are entitled for exemption are not considered for rank.

Distinction

A student securing 75% or above, in the aggregate of both groups, at one sitting, shall be considered to have secured distinction.

Fee Structure

ICAN Registration Fee: Rs 33,200
ICAN Exam Fee: Rs 6,200
Gurukul Tuition Fee: Rs 130,000
Total Fees: Rs 169,400

ICAN registration fee for CAP II can be paid at once or as following
On Registration: Rs 18,200
Within 3 months: Rs 15,000

Gurukul Tuition Fees can be paid as follows
On Admission: Rs 30,000
Within 2 months: 50% of Remaining Fees
Within next 2 months: Remaining Fees

Scholarships Details

1. Scholarship on the basis results of Foundation exams taken by ICAN

First Rank in CAP I: 100% Tuition fees of Application waived off
Second Rank in CAP I: 90% Tuition fees of Application waived off
Third Rank in CAP I: 80% Tuition fees of Application waived off
Fourth Rank in CAP I: 70% Tuition fees of Application waived off
Fifth Rank in CAP I: 60% Tuition fees of Application waived off
Sixth Rank in CAP I: 50% Tuition fees of Application waived off
Seventh Rank in CAP I: 40% Tuition fees of Application waived off
Eighth, Ninth and Tenth Rank in CAP I: 30% Tuition fees of Application waived off
Above 75% in CAP I: 10% Tuition fees of Application waived off

2. Scholarship on the basis of mock tests taken by Gurukul CA

Cash back !!!

1st Position: Rs 20,000
2nd Position: Rs 15,000
3rd Position: Rs 10,000

3. Scholarship on the basis of Foundation exams taken by ICAN