Chartered Accountancy is a course in India is considered to be one of the highest-paying professions. In India the CA Course details can be found out by the interested candidates.
In India, the profession which offers the highest pay in career is the Chartered Accountant. If a student has a fondness for accounting and taxation subjects then CA can be a good option. Cracking the CA exam is tough but challenging too. It takes around 5 years to complete the whole Chartered Accountancy Course. Thus those students who aspire to become CA must become ready to devote their precious time to it. In both public and private organizations, the CAs demand is growing high. For dealing with any good organization’s account details the hiring of an expert and well qualified CA is done. The CAs help to solve disputes and also to prevent bankruptcy. One must start to aim for a CA career just after the 10th class. In this article, you will find about the CA course details with CA salary. You will also get to know about the CA jobs. You can check about the CA Course in India fees through the various websites.
Which Person can be termed a Chartered Accountant (CA)?
Chartered Accountant (CA) is a designation which a professional accounting student receives and that person is also certified by the statutory body. This authoritative body states that he or she possesses the necessary qualifications in the subjects of business-like taxation on and accounting. This course includes –
- Maintaining records of Investments
- File Tax Returns
- Business Practices
- Audit Financial Statements
- Preparing and Reviewing Financial Documents and Reports
A Chartered Accountant is a qualified person who is capable of offering advisory services to advisory services to the people who run companies or startups.
For becoming a certified and well recognized CA, a candidate must compulsorily complete training (three levels) designed by the ICAI. Only after a candidate qualifies those three levels then only he/she can be designated as a CA. For maintaining the CA profession in our country India the statutory body ICAI is there. It takes around 5 years to finish the tedious CA course. Joining a well-reputed CA coaching in India is the best way to secure a good rank. VSI Jaipur is the best CA Coaching Institute that provides the top rank in AIR every year.
CA course in India Details and the exams of CA
The CA (Chartered Accountant) exams which are mandatory for a student to give for getting the CA designation are illustrated below. After passing all such exams only a candidate can be considered qualified to be called upon as a CA. Such exams are:-
- CPT (Common Proficiency Test)/ CA Foundation Course
- IPCC (Integrated Professional Competence Course)/ CA Intermediate Course
- FC (CA Final course)
Eligibility for the CA Exam 2020
Before one proceeds for the CA Course, he/she must examine nicely the CA eligibility criteria. They must ensure before that whether they fulfill all requirements of ICAI or not. ICAI decides this criterion of qualifying CA. In the future, these essential qualifications will surely assist the candidate. Before enrolling themselves for the CA course in India fees firstly candidates must see and check the CA eligibility.
- Just after 10th class, the CPT registration for CA can be done by the students. But they can appear only when they clear the 12th class.
- CPT can be applied by all the three streams-Science, Commerce, and the Arts.
- In Class 12th exams it is mandatory for the commerce students to score an aggregate of 50% marks. Then only they will be considered eligible for exam like CPT.
- Other stream students must score 55% aggregate marks excluding subject Mathematics and at least 60% including Mathematics for the board exams of class 12.
- On successfully clearing the CPT exam candidates can be ICAI members.
What is the exact procedure to be a CA?
For becoming a Chartered Accountant some steps must be followed by the students. The following steps are extremely important and the candidates must follow them:-
1. Requirements for Accounting Technician Course (ATC):
- After the students clear the CA CPT, then they can get themselves enrolled for the ATC. Enrolling can be cleared after the 12th Board.
- Candidates who have cleared the CA Foundation Exam 2020, then they are Eligible for registering the ATC.
- ATC can be enrolled by the students those have registered themselves for the Intermediate Exam or Professional Education (Course-II)
2. Apply for the IPCC/ CA Intermediate Course:
- Out of 200 marks in the CPT Exam at least 100 must be scored by the candidates. Just after 12th class students can thus apply to the IPCC program.
- At least before nine months of the first day of exam month, the IPCC Registration should be done.
- The course consists of subjects each of 100 marks. For course clearing, one must score 40 marks at least (each subject) with an aggregate of around 50% and above.
- You will be exempted to reappear for a subject if 60 marks and above are scored by you in a certain subject. If you fail in some course and aspire to give exams again.
3. Articleship in CA:
After a person successfully completes his/her IPCC exam then he must have to complete a 3 yrs internship under a reputed certified CA. In this articleship, the person can learn much about the handling of accounts.
4. CA Final Course:
In the 3 yr Articleship’s last six months a student can appear for the exams of the final course. One will be awarded the CA title only after one completes the final CA course.
About the Chartered Accountant (CA) Course/Duration of CA course in India
In three main parts, the division of the Chartered Accountancy(CA) course is done. CA is basically divided into three levels and each level’s course differs from each other. All levels CA Curriculum are listed in the table below.CA Exam’s three parts are as follows:-
- The Foundation Level
- The Intermediate Level
- The Final Level.
CA Foundation Course Papers
| Paper | Subjects | Sections |
| Paper 1 | Principles and Practice of Accounting | – |
| Paper 2 | Business Laws and Business Correspondence and Reporting | Section A: Business LawsSection B: Business Correspondence and Reporting |
| Paper 3 | Business Mathematics and Logical Reasoning and Statistics | Part 1: Business Mathematics and Logical ReasoningPart 2: Statistics |
| Paper 4 | Business Economics and Business and Commercial Knowledge | Part 1: Business EconomicsPart 2: Business and Commercial Knowledge |
CA Intermediate Paper Groups
| Group 1 | Paper 1: AccountingPaper 2: Corporate and other Laws (Part 1- Company Law, Part 2- Other Laws)Paper 3: Cost and Management AccountingPaper 4: Taxation (Section A- Income Tax Laws, Section B- Indirect Taxes) |
| Group 2 | Paper 5: Advanced AccountingPaper 6: Auditing and AssurancePaper 7: Enterprise Information Systems and Strategic Management(Section A- Enterprise Information Systems, Section B- Strategic Management)Paper 8: Financial Management and Economics for Finance(Section A- Financial Management, Section B- Economics for Finance) |
CA Final Course Papers
| Group 1 | Paper 1: Financial ReportingPaper 2: Strategic Financial ManagementPaper 3: Advanced Auditing & Professional EthicsPaper 4: Corporate & Economic Laws (Part 1- Corporate Laws, Part 2- Economic Laws) |
| Group II | Paper 5: Strategic Cost Management & Performance EvaluationPaper 6: Elective PaperList of all Elective Papers:6A- Risk Management6B- Financial Services & Capital Markets6C- International Taxation6D- Economic Laws6E- Global Financial Reporting Standards6F- Multi-disciplinary Case StudyPaper 7: Direct Tax Laws & International Taxation (Part 1- Direct Tax Laws, Part 2- International Taxation)Paper 8: Indirect Tax Laws (Part 1- Goods & Services Tax, Part 2- Customs & FTP) |
Salary of a CA and the Job Prospects
In today’s era, the demand for efficient CAs is increasing day by day in areas such as with:-
- Auditing firms
- Banks
- Finance companies
- Stockbroking firms
- Legal firms
Although the salary offered in the articleship duration is not satisfactory but after the course completion, one can expect a good salary. After the final course completion around Rs. 4 to 6 Lakh per annum is the CA’s average starting salary. On the basis of the city also the CA salary will vary.Just after 12th class completion students can opt for the B.Com programs with the course of CA. To pursue B.Com simultaneously with CA can help in a way as one can opt-out anytime from the CA field if he/she wishes. On a B.Com degree basis also one can apply for jobs.
ConclusionToday CA is the most promising sector of the Commerce stream in India. Almost every big organization of today demands efficient CA handle their accounts. Students who aim high and have big aspirations can opt for the CA field just after clearance of their 12th class exams. In Jaipur, the VSI Institute is the best CA Institute where best coaching is given to all CA aspirants. It becomes easy for candidates to crack CA papers with ease. The Institute has renowned faculties who impart quality education and the best CA Course Online Classes. Every year the students of the VSI Institute come in the top ranks and excel with flying colors in CA exams. So if you also wish to be a CA then without further delay just enroll yourself at the top VSI Institute of Jaipur soon.
