Chartered Accountant (CA) Course

Source: Let’s Crack UPSC CSE

Chartered Accountant Course orCA is one of the most popular entrance level professional courses in commerce stream. It doesn’t mean that only commerce students can pursue this course, anyone who covers all the terms and eligibility requirements or criteria can pursue this.

CA is a designation given to professionals of accounting arts who has received certification from a statutory body ICAI and are qualified to deal with the matters related accounting and taxation of a business, like an audit financial statements and business practices, maintaining records of investments, preparing and reviewing financial reports and documents. CA is also qualified to offer advisory services to clients which include companies or individuals.


Check Out: Chartered Accountant


How to Enrol in the Chartered Accountant (CA) Course?

Earlier to get enrolled in CA stream after 12th standard one has to give the common proficiency test or CPT but now this test is converted into a CA Foundation course at its new level. The candidate or student applying for the foundation level must qualify his/her 12th standard and secure at least 50% marks.

The candidates who want to pursue this has to register himself/herself under ICAI and upload necessary document then only they can appear for the entrance exam. The foundation exam is divided into two parts subjective and objective. Both contain two papers of 100 marks each. Foundation exam is exempt from the graduated, post-graduate students.


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Chartered Accountant (CA) Intermediate

CA intermediate is the second level after qualifying the Foundation exam. Any candidate who has qualified his/her foundation entrance exam is eligible and can register for this level. After making registration the student has to go under a study tenure of approximately 8 months and then appear for the exams. After 2 months the results of the intermediate level will be revealed by the ICAI.

Any candidate who has already pursued his/her post-graduation is directly eligible for the final level and is not bound to give intermediate exams.


Check Out: CA Subjects – Course wise Details


CA Articleship Training

After clearing the intermediate level the candidate is bound to appear for 3 years practical training and after completing this training they are eligible for the final level of CA.

CA Course Final Level

CA Final is the last level exam in the Chartered Accountancy course. Students have clear both the groups of the intermediate for registering in the final group.

Candidate can register for the CA Final Exam while completing their last 3-6 months of Article ship training. You will be certified as a chartered accountant after passing all the 8 exams ( two modules) of CA final level. 


Check Out: Chartered Financial Analyst


Duration of CA Course

StagesTime period to study and wait
CA foundation4-6 months
Results2 months
CA intermediate8 months
Results2 months
Article ship training3 years (36 months)
CA finalAfter the completion of training
Results2 months

Check Out: CFA (Chartered Financial Analyst)


Subjects in CA Subjects in CA

LevelSubjectsMarks
FoundationPrinciples and practices of Accounting100
BUSINESS LAWS AND BUSINESS CORRESPONDENCE AND REPORTING100
BUSINESS MATHEMATICS, LOGICAL REASONING, AND STATISTICS100(40+20+40)
BUSINESS ECONOMICS AND BUSINESS AND COMMERCIAL KNOWLEDGE100(60+40)
IntermediateAccounting100
Corporate Laws and Other Laws100(60+40)
Cost and Management Accounting100
Taxation(Direct tax and indirect tax laws)100(60+40)
Advanced accounting100
Auditing and assurance100
Enterprise information system and strategic management100(50+50)
Financial management and economics for finance100(60+40)
FinalFinancial reporting100
Strategic financial management100
Advanced auditing and professional ethics100
Corporate and allied laws100(70+30)
Advanced management auditing100
Information system control and audit100
Direct tax laws100
Indirect tax laws100(40+40+20)

We can conclude that CA is a professional course that can be pursued along with a graduation degree and needs more focus on finance and practical skills. One needs to work very hard to be a well qualified chartered accountant.

FAQ

What are the subjects in CA?

Ans. Here is the list of subjects in CA course:
1. Accounting
2. Cost Accounting and Financial Management
3. Advanced Accounting
4. Taxation
5. Auditing and Assurance
6. Business Laws, Ethics and Communication
7. Information Technology and Strategic Management
8. Corporate and other Laws

What is the salary of a Chartered Accountant (CA)?

Ans. After completing Chartered Accountant (CA) course, an average salary is Rs 7 lakh per annum approximately. According to ICAI, the highest package can reach upto Rs 24 lakh per annum approximately.

Is CA course difficult?

Ans. CA course is a difficult course as the syllabus is vast and it needs hard work and intelligence. You can compare the CA course with IAS, IIT, CAT, MBBA, UPSC, and many courses.

Can I do CA after 12th?

Ans. You can pursue CA after 12th class, you just need to register and take the Common Proficiency Test (CPT). Those who have completed their graduation doesn’t need to apply for CPT. They can directly apply for the 2nd stage of CA course.

Is there any age limit for CA?

Ans. You can become CA at any age, their is no age limit as such. For clearing CA final you will be given only 10 attempts after which the candidate has to apply again that will be valid for 5 years.

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About the Author

Piyush values education and has studied from the top institutes of IIT Roorkee, IIM Bangalore, KTH Sweden and Tsinghua University in China. Post completing his MBA, he has worked with the world’s # 1 consulting firm, The Boston Consulting Group and focused on building sales and marketing verticals for top MNCs and Indian business houses.

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