How to Become A Chartered Accountant (CA): CA Course

How to Become A Chartered Accountant (CA): CA Course

How to Become A Chartered Accountant (CA): CA Course

Accountancy tends to be a very stable profession, as financial reports must be generated whether the business situation is good or bad. As demand for financial information increases with the emergence of the global economy, the field grows larger. Accounts analysis and verification, interpret financial transactions, taxation etc: is major work performed by a chartered accountant (CA). They are also responsible for ensuring that the records of these transactions are kept so that the information can at any time be extracted from them. In India chartered accountants are regulated by Institute of Chartered Accountants of India (ICAI).

Chartered accountant information related to business is relevant for a proprietor. After passing final exam of CA there are two options either go for practice or go for job. A chartered accountant (CA) profession is one of the best professions among all professions present in India.

The importance of Chartered Accountant(CA):

  • A chartered accountant is one of the most reputed professional courses in the finance industry.

  • It would always have extreme opportunity to work overseas.

  • There are less no. of CA present in India so become a CA is prestigious for himself.

  • Knowledge of finance and business make the CA a business leader.
    Biggest countries demand CA employees for their professionalised work.

  • Depth experience as the rigorous training makes a CA applicable for the higher package.

 Stages of Examination under chartered accountant (CA):

1. CPT (Common Proficiency Test):

After clearing class 10th exam with good percentage students can enrol in Common Proficiency Test (CPT).After this you will have complete two years i.e. 11th and 12th to prepare for the CPT entrance exam simultaneously. Then one can give the entrance exam after 12th std. CPT exam will be held twice in a year June & December. CPT paper will be held in two sessions- session-1 & Session-2. 50% or above marks required to clear CPT paper.

Session-1

  • Section -A. Fundamentals of Accounting

  • Section -B. Mercantile Laws

Session-2

  • Section -A. General Economics

  • Section -B. Quantitative Aptitude

Student who has cleared his/her graduation cannot require pursuing CPT level. He/she can directly enrol for IPCC level under direct entry scheme.

2. IPCC (Integrated Professional Competence Course) :

 Once CPT Entrance exam is given then next step is IPCC. You should register for Integrated Professional Competence Course (IPCC) there must be a gap of ten months between CPT and IPCC exam. This exam will be held in two groups - Group-1 & Group-2. It must be required at least 50% marks for both group and 40% marks in individual subjects for clearing IPCC exam. After clearing 1st group individual can start his articleship training under any CA. Chartered Accountant Syllabus for IPCC is divided among following group wise subjects.

Group-1

  • Accounting
  • Law, Ethics & Communication.
  • Cost Accounting & Financial Management.
  • Taxation

  Group-2

  • Advanced Accounting
  • Auditing and Assurance
  • Information Technology & Strategic Management (IT SM)

3. Articleship Training:

After clearing of 1st group or both groups in IPCC student- Before starting Articleship Training it must be required to complete ITT & OTT training under CA institute. After completion of training student can go for articleship training for 3 years. Before ending last six months of articleship training student can pursue for CA final exam. There is minimum 2.5 years required from the date of articleship started for pursuing CA final Exam.

 4. CA Final Exam :

After 2.5 years of articleship training student can attempt final papers. Final papers of CA will also be held in two groups- Group-1 & Group-2. It must be required at least 50% marks for both group and 40% marks in individual subjects for clearing final exam also.

Group-1

  • Advanced Accounting
  • Management Accounting & Financial Analysis
  • Advanced Auditing
  • Corporate Laws & Secretarial Practice

Group-2

  • Cost Management
  • Management Information & Control System
  • Direct Taxes
  • Indirect Taxes

GMCS (General Management and Communication Skills) - Another short training called General Management and Communication Skills (GMCS) course is required before you apply for a CA membership.

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Comments

0 # Nishith 2019-11-06
I have secured 55% marks in 12th ,I think its too low to get admission in any good engineering college in Barpeta,If you know about it please suggest me
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0 # Mukesh 2019-11-07
yes, your percentage is very low, I will not suggest that you should choose engineering as a career, but still you want to do engineering you can try for private college in Barpeta, they will admit you.
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0 # Tushar 2019-09-16
Hello, I am from , want to get admission in BITS pilani, My rank in JEE is 40,000, please suggest me that i am eligible to get admission in BITS or not.
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0 # Shruti 2019-09-17
Hii, for finding it you can go through mock counselling , please visit here- mock counselling, you can also get good college in .
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0 # Harikiran Older than three months
I belong to Raipur, plz tell me As per 2016 ranking, which is the best MBBS college in India
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0 # Jagan Older than three months
The first position is held by Delhi AIIMS, followed by Vellore’s Christian Medical College, AFMC, Pune, Maulana Azad Medical College, Delhi and the fifth position is held by the GGMC & SIR J.J. Hospital in Mumbai, you can also find some good colleges in Raipur- Pandit Ravishankar Shukla University ; Pt. J N M Medical College ; Late Baliram Kashyap Memorial Govt. Medical College ; All India Institute of Medical Sciences Raipur
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0 # Vaibhav Older than three months
Hello Sir, May I know the specialisation in MBA and also suggest some good B-Schools in Ghaziabad ?
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0 # Mukesh Older than three months
There are various specialisation in MBA i.e. Marketing, Finance, Human Resource, etc, find some good MBA colleges ITERC Group of Institutions ; Mewar Group of Institution ; Sunder Deep Group of Institutions ; Inst of management Technology Ghaziabad
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0 # Himmat Older than three months
Hello. I am from Giridih, plz tell me What are the points to consider for selecting a B. Ed college?
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0 # Mukesh Older than three months
You should consider the fee structure and if you consider doing this course from other place except Giridih, you should consider hostel facilities, you shouldalso consider whether the subject in which you wish to continue this course is available in the college.
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0 # Aayush Older than three months
Hii, I am from Lakhisarai, please tell me the duration of B.Ed course
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0 # Jagan Older than three months
Hello, Good to see that you are from Lakhisarai, the duration of B.Ed course is 2 years
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0 # Himmat Older than three months
Hii, I am looking for private engineering college in Kurukshetra where I can get direct admission without any entrance test score, Please let me know about it.
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0 # Pallavi Older than three months
There are many private engineering colleges in Kurukshetra where you can get admission without entrance exam, find here the list Engineering in Kurukshetra
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0 # Lakshay Older than three months
Hello, I am from Sheikhpura, want to get admission in BITS pilani, My rank in JEE is 40,000, please suggest me that i am eligible to get admission in BITS or not.
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0 # Pallavi Older than three months
Hii, for finding it you can go through mock counselling , please visit here- mock counselling, you can also get good college in Sheikhpura.
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0 # Rohan Older than three months
Hello, I have done my B.tech from Dindigul with Electrical stream, now i want to do M.tech, Please suggest how I can get good college for M.tech
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0 # Pallavi Older than three months
It's good that you are looking forward for M.tech from Dindigul, for getting good college you should have to give GATE exam, which is entrance exam for M.Tech
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0 # Harikiran Older than three months
Hello, I am from South Goa plz tell me admission to B. Ed to IGNOU is made through entrance test?
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0 # Pallavi Older than three months
hii, good to know that you are from South Goa, Yes, Admission to B. Ed in IGNOU is made through B. Ed Entrance Test, which is generally conducted during the month of October/September each year.
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