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 # Lakshay 2019-04-01
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 2019-04-02
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 2019-03-11
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 2019-03-12
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 2019-03-04
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 2019-03-05
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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0 # Priyansh Older than three months
Hii, I am from Cooch Behar let me know, What is the need of NEET Phase II?
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-1 # Jagan Older than three months
If a phase I test taker of Cooch Behar oe other places is not satisfied his/her performance in the test or if a candidate has missed out to apply for NEET, he/she can apply for phase 2 exam, It is a second chance provided to aspiring candidates.
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0 # Tushar Older than three months
Hii , I am from Kanyakumari,Can anyone tell me about complete selection procedure about IITs and NITs and at which time exams for these are conducted?
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0 # Pallavi Older than three months
Hello, good to see that you are from Kanyakumari, for IITs and NITs, you have to give entrance exam, For NITs JEE Main is the entrance exam and for IITs JEE Advanced is the entrance exam
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0 # Himmat Older than three months
Hii , I am from Datia,Can anyone tell me about complete selection procedure about IITs and NITs and at which time exams for these are conducted?
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0 # Pallavi Older than three months
Hello, good to see that you are from Datia, for IITs and NITs, you have to give entrance exam, For NITs JEE Main is the entrance exam and for IITs JEE Advanced is the entrance exam
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0 # Lakshay Older than three months
Hii, I am from Korba, I have completed 12th in science stream, looking career in engineering,Tell me about the fee details of best engineering colleges
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0 # Pallavi Older than three months
hii, good to see that you are from Korba, There are very good career opportunities in engineering, you have taken very good decision, but if we talk about fee of best colleges its depend on college to college but the range is Rs. 50,000 to 1,50,000 per year
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0 # Harikiran Older than three months
Hello, I am from Hooghly, 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 # Jagan 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 Hooghly.
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0 # Rohan Older than three months
Hii, I am from Rajkot, I have completed 12th in science stream, looking career in engineering,Tell me about the fee details of best engineering colleges
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0 # Shruti Older than three months
hii, good to see that you are from Rajkot, There are very good career opportunities in engineering, you have taken very good decision, but if we talk about fee of best colleges its depend on college to college but the range is Rs. 50,000 to 1,50,000 per year
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0 # Aarav Older than three months
Hii, I am from Sidhi, I would like to do B.Ed from distance, Is there any university that offers B. Ed through distance mode
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0 # Pallavi Older than three months
Yes, many universities from across the country including Sidhi offer this course through distance mode and the prestigious of them is IGNOU, Annamalai University to name a few.
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