1

UMMUL QURA

EDUCATION FOUNDATION

39, M.G.Road, Near Bata Show Room, Camp, Pune- 411001

For detailed information visit the website

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 ( 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 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. 40000/- to Rs 50000/- per month. Later the increment depends on your improvement and exposures.

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. laundry

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.

Q 8: What are the expenses if we join Ummul Qura Education Foundation?

Ans :- Following is the approximate expenditure while pursuing Chartered Accountancy course at Ummul Qura Education Foundation.

ParticularsAmount (Rs.)Payable to

i.Accomodation,

Washing Facility and

Library Facility1,300/- per monthUmmul Qura

ii.Tuition Fee for CPT12285/- onceA Private Coaching Centre

iii.Food1,200/- per monthLocal Dabbawalla (Caterers)

iv.Admission FeeCollege, and Institute of

in College and CPT2,500/- onceChartered Accountants of

India

  1. Conveyance and

Miscellaneous

Expenses500/- per monthMiscellaneous

In case of any query, feel free to contact us on 09890003304 / 020-26332157 / 26331955.