CA Course- How To Become a Chartered Accountant?

Chartered Accountancy is offered by "The Institute of Chartered Accountants of India" (ICAI). It has always been an essential professional qualification; people have an idea of a brilliant, bright and knowledgeable character the moment you say you are a qualified CA, it is a significant course in the field of accounts and finance which pays way to various career options prevailing in the financial domain. CAs are in high demand for almost every business for corporate auditing, taxation, accounting, and other legal counsel.

Chartered Accountants with their education, training, analytical mind and experience are best to qualify to provide multiple need-based services to the society, they can do full justice, not only in matters relating to corporate taxation, costing, management, financial reporting, company legislation, auditing, statutory procedures, and budgetary policies.

If you are concerned about great prospects, financial stability, professionalism, reputed degree, significant knowledge base in finance and accounts then CA coaching in Chennai is a perfect profession to start with.

Below are the steps to apply for Chartered Accountancy (CA)

The Institute of Chartered Accountants of India (ICAI) has recently revised the curriculum to make aspirants more competitive worldwide. The revised scheme of Education and Training for the CA Foundation Course came into effect from 1st July 2017.

As per the changes, the three levels are

  1. CA Foundation.
  2. CA Intermediate.
  3. CA Final.


The CA exam will be held in May and November every year. The course is not new but revised. Besides, the Foundation exam will be both descriptive and objective. Under the new scheme, a student must achieve 40% in all the subjects and 50% marks in aggregate.

1.     The first step is to clear the CA Foundation (previously called as Common Proficiency Test - CPT). You can register for this with ICAI post your 10thStd. but you are only eligible to write the exams once you clear your 12th Std. or HSC.

a.     The A Foundationis exempt if you are already a commerce graduate with >55% marks

b.     It is also exempt for non-commerce graduates with >60% marks

2.     The second step is to enrol for the CA Intermediate (previously called as Integrated Professional Competency Course - IPCC)

a.     Students need to undergo an orientation program, 100 hours of Information technology training and 8 months of studying (called foundation course)

b.     Students can then appear for Group 1 and /or Group 2 examinations of the CA Inter

c.     They also need to complete General Management and Communication Skills course – Part 1.

d.     Once they clear Group 1 and 2 exams, they are eligible for a 3 year articleship with a firm

3.     The third step step is to enrol for the CA Final exams

a.    The exam can be attempted when 6 months of articleship are remaining.

b.  Students also need to complete Advance Information Technology Training and General Management and Communication Skills – Part II, if not completed earlier, before the final exam

4.     The fourth step is to Acquire Chartered Accountant Membership.

a.    After completing all the exams and three years of articleship training, successful candidates may acquire ICAI membership.

b.     You can get the membership by registering with the ICAI, after that you will be eligible to use the title of "Chartered Accountant".

Examination criteria and details

  • Orientation program, 100 hours of information technology training and eight months of studying is called foundation course which is mandatory.
  • Then you can appear for Group 1 and 2 examinations of the CA Intermediate / Inter.
  • Its mandatory to complete the IT training orientation course.
  • Once the Group 1 and 2 exam is cleared, then you are eligible for a three-year article ship with a firm.
  • After clearing CA Intermediate / Inter is the final CA exams
  • You can attempt the exam when six months of article ship is remaining
  • Completion of Advance Information Technology Training and General Management and Communication Skills – Part II before the final exam is mandatory.
  • This course is primarily done by self-study or with the help of CA training center in Chennai. The CA Foundation course and the CA Intermediate / Inter exams are done simultaneously while pursuing a graduate degree, but article ship is done as full-time jobs.

CA has three levels they are:

CA FOUNDATION

CA (Chartered Accountancy) course conducted by the ICAI (Institute of Chartered Accountants of India). This is the entry-level course for any student intending to take up the chartered accountancy course. This course has been revised in 2017, below is the revised new syllabus.

Enroll yourself in CA foundation coaching in Chennai

Number of Papers – 4

1.     Paper 1: Principles and Practices of Accounting

2.     Paper 2: Business Law & Business Correspondence and Reporting

a.     Section A: Business Law

b.     Section B: Business Correspondence and Reporting

3.     Paper 3: Business Mathematics and Logical Reasoning & Statistics

a.     Part I: Business Mathematics and Logical Reasoning

b.     Part II: Statistics

4.     Paper 4: Business Economics & Business and Commercial Knowledge

a.     Part I: Business Economics

b.     Part II: Business and Commercial Knowledge

5.     Paper 3 and Paper 4 will be Objective type papers

Note:

1.     Passing percentage: Aggregate- 50% and Subject-wise- 40% at one sitting.

2.     Examination: In November and May after passing Class XII

CA INTERMEDIATE

The CA Intermediate is the second stage of being a CA. This is also conducted by the Institute of Chartered Accountants in India (ICAI)

Enroll yourself in CA intermediate coaching in Chennai.

Number of Papers – 8

Group I

1.     Paper 1: Accounting

2.     Paper 2: Corporate Laws & Other Laws

a.     Part I: Corporate Laws

b.     Part II: Other Laws

3.     Paper 3: Cost and Management Accounting

4.     Paper 4: Taxation

a.     Section A: Income Tax Law

b.     Section B: Indirect Tax Laws

Group II

1.     Paper 5: Advanced Accounting

2.     Paper 6: Auditing and Assurance

3.     Paper 7: Enterprise Information System & Strategic Management

a.     Section A: Enterprise Information System

b.     Section B: Strategic Management

4.     Paper 8: Financial Management & Economics for Finance

a.     Section A: Financial Management

b.     Section B: Economics for Finance

CA FINAL

The third level of the CA (Chartered Accountancy) course conducted by the ICAI (Institute of Chartered Accountants of India) is identified as Final.

Enroll yourself in CA final coaching in Chennai

There are eight papers in CA Final from 2016. Changes in CA Final course from below.

Number of Papers – 8

Group I

1.     Paper 1: Financial Reporting

2.     Paper 2: Strategic Financial Management

3.     Paper 3: Advanced Auditing and Professional Ethics

4.     Paper 4: Corporate Laws and other Economic Laws

Group II

1.     Paper 5: Strategic Cost Management and Performance Evaluation

2.     Paper 6: Elective Paper (One of the Elective Papers to be chosen by the candidates)

Elective Papers

a.     Risk Management

b.     International Taxation

c.     Economic Laws

d.     Financial Services & Capital Markets

e.     Global Financial Reporting Standards

f.     Multidisciplinary Case Study


3.     Paper 7: Direct Tax Laws & International Taxation

a.     Part I: Direct Tax Laws

b.     Part II: International Taxation

4.   Paper 8: Advanced Indirect Tax Laws

Role of Chartered Accountant

  • To act as an accountant to maintain the proper books which portray the right and fair view.
  • To provide information reports to management.
  • To act as a statutory auditor
  • To provide financial advice
  • To act as a service provider to assist in share registration, arbitration
  • To act as an internal auditor
  • To act as a tax consultant
  • To act as a management consultant

Job Opportunities for CA candidates

Chartered accountancy is a professional degree course which offers a lot of career options and opportunity with the best salary in hand. Below describe career options.

  • GST Service Providers
  • Chief Accountant
  • Chief Financial Officer (CFO)
  • Chief Manager- Internal Audits
  • Head –Training
  • Lecturer/Professor
  • Chief Manager-Management Audits
  • Chief Manager- System
  • Advisor to the Government
  • CA can choose to start up their independent practice or make their clients from merit.
  • They can also apply for the job of a chartered accountant in an existing firm.
  • They can also give their services for the capital market.
  • The qualified CA can apply for a government job, public or private sectors both.
  • The CA can also play an essential role in the firm in taking quick decision and make profits for the firm.


If you have a dream to build a career in accountancy, finance, and business, then Chartered Accountant is the best choice. As a chartered accountant, you will learn what is required to make a business keep running. CAs play a significant role, and they have a fantastic career too. The chartered accountancy also provides a perfect way to set up your own business.

It is a wise idea to enroll yourself in a CA coaching center in Chennai and get succeeded in your life.

Chartered Accountancy course and exams in India are offered by "The Institute of Chartered Accountants of India" (ICAI). The ICAI was established by an Act of Parliament at the year of 1949. The institute functions under the administrative control of Ministry of Corporate Affairs (MCA) in Government of India.

CA is a professional qualification and highly regarded in the field of accounts and finance. CAs are in high demand for almost every business for corporate auditing, taxation, accounting, and other legal counsel.

Chartered Accountants with their education, training and experience are best qualified to provide multiple services to the society and also in matters relating to corporate taxation, costing, management, financial reporting, company legislation, auditing, statutory procedures, and budgetary policies.

If you are concerned about great prospects, financial stability, professionalism, reputed degree, significant knowledge base in finance and accounts then CA is a perfect profession to start with.

Being a Chartered Accountant is one of the top professions to build a career in accountancy, finance and business. A Chartered Accountant is an essential part of a business and finishing this course will make you learn all of these aspects. CAs can work independently as an auditor or can also work in companies in the financial and/ or accounting role.

Chartered Accountant Meaning

Chartered Accountant is a professional with a membership of Institute of Chartered Accountants of India which can be obtained after clearing multiple levels of examinations and minimum 3 years of practical experience in the office of a practising chartered accountant.


Chartered Accountant Course Details

The Institute of Chartered Accountants of India (ICAI) has recently revised the curriculum to make aspirants more competitive worldwide. The revised scheme of Education and Training for the CA Foundation Course came into effect from 1st July 2017.

Chartered Accountancy Levels

  1. CA Foundation.
  2. CA Intermediate.
  3. CA Final.


Chartered Accountant Exam

The CA exam will be held in May and November every year. The course is not new but revised. Besides, the Foundation exam will be both descriptive and objective. Under the new scheme, a student must achieve 40% in all the subjects and 50% marks in aggregate.


Chartered Accountant Eligibility

Given below are the steps required to become a Chartered Accountant.

1. The first step is to clear the CA Foundation (previously called as Common Proficiency Test - CPT). You can register for this with ICAI after completing your 10th or Senior Secondary but you are only eligible to write the exams once you clear your 12th or HSC exams.

      a.  The CA Foundation is exempt if you are already a commerce graduate with minimum of 55% marks

      b.  It is also exempt for non-commerce graduates with minimum of 60% marks

2. The second step is to enrol for the CA Intermediate (previously called as Integrated Professional Competency Course - IPCC)

       a.  Students need to undergo an orientation program, 100 hours of Information technology training and 8 months of studying (called foundation course)

       b.  Students can then appear for Group 1 and /or Group 2 examinations of the CA Inter

       c.  They also need to complete General Management and Communication Skills course – Part 1.    

       d.  Once they clear Group 1 and 2 exams, they are eligible for a 3 year articleship with a firm

3. The third step is to enrol for the CA Final exams

       a.  The exam can be attempted when 6 months of articleship are remaining.

       b.    Students also need to complete Advance Information Technology Training and General Management and Communication Skills – Part II, if not completed earlier, before the final exam

4. The fourth step is to Acquire Chartered Accountant Membership.

        a.  After completing all the exams and three years of articleship training, successful candidates may acquire ICAI membership.

        b.  You can get the membership by registering with the ICAI, after that you will be eligible to use the title of "Chartered Accountant".

Chartered Accountant qualification is highly regarded among all the professional certifications across industries.

Steps to become a CA


Chartered Accountant Syllabus

Chartered Accountant Subjects

To become a CA, you need to clear 20 subjects across CA Foundation, CA Inter and CA Final Levels. If you join CA Inter as a Direct Entry after getting commerce degree, then you need to clear 16 subjects across CA Inter and CA Final Levels to become a Chartered Accoutant.

Chartered Accountant Course Duration

CA Exams are conducted in May and November every year. Usually it takes around 4 to 5 years to become a Chartered Accountant. Once you complete all 3 levels and Articleship (3 years) you can become a member of ICAI.

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Free Video Classes at Stride App


CA Foundation Syllabus

CA(Chartered Accountancy) course is conducted by the ICAI (Institute of Chartered Accountants of India). This is the first stage for students who want to become a CA after finishing 12th. The course was revised in 2017 and the revised syllabus is as follows.

Number of Papers – 4

1.  Paper 1 - Principles and Practices of Accounting

2.  Paper 2 - Business Law & Business Correspondence and Reporting

      a.  Section A - Business Law

      b.  Section B - Business Correspondence and Reporting

3.  Paper 3 - Business Mathematics and Logical Reasoning & Statistics

       a.  Part I - Business Mathematics and Logical Reasoning

       b.  Part II - Statistics

4.  Paper 4 - Business Economics & Business and Commercial Knowledge

      a.  Part I - Business Economics

       b.  Part II - Business and Commercial Knowledge

Paper 3 & Paper 4 are Objective type papers.

Note:

1. Passing percentage - Aggregate of 50% for each level and Subject-wise - 40% at each paper.

2. Examination - In November and May after passing Class XII



CA Inter / CA Intermediate Syllabus

The CA Intermediate is the second level at becoming a CA. These exams are also conducted by the ICAI.

Number of Papers – 8

Group I

1.  Paper 1: Accounting

2.  Paper 2: Corporate Laws & Other Laws

      a.  Part I: Corporate Laws

      b.  Part II: Other Laws

3.  Paper 3: Cost and Management Accounting

4.  Paper 4: Taxation

      a.  Section A: Income Tax Law

      b.  Section B: Indirect Tax Laws

Group II

1.  Paper 5: Advanced Accounting

2.  Paper 6: Auditing and Assurance

3.  Paper 7: Enterprise Information System & Strategic Management

     a.  Section A: Enterprise Information System

      b.  Section B: Strategic Management

4.  Paper 8: Financial Management & Economics for Finance

      a.  Section A: Financial Management

      b.  Section B: Economics for Finance


CA Final Syllabus

This is the third level in becoming a CA (Chartered Accountancy) and these exams are also conducted by the ICAI ( Institute of Chartered Accountants of India).

There are eight papers in CA Final from 2016. Changes in CA Final course from below.

Number of Papers – 8

Group I

1.  Paper 1: Financial Reporting

2.  Paper 2: Strategic Financial Management

3.  Paper 3: Advanced Auditing and Professional Ethics

4.  Paper 4: Corporate Laws and other Economic Laws

Group II

1.  Paper 5: Strategic Cost Management and Performance Evaluation

2.  Paper 6: Elective Paper (One of the Elective Papers to be chosen by the candidates)

Elective Papers

      a.  Risk Management

      b.  International Taxation

      c.  Economic Laws

      d.  Financial Services & Capital Markets

      e.  Global Financial Reporting Standards

      f.  Multi-disciplinary Case Study

3.  Paper 7: Direct Tax Laws & International Taxation

       a.  Part I: Direct Tax Laws

       b.  Part II: International Taxation

4.  Paper 8: Advanced Indirect Tax Laws


CA Final Examination criteria and details

  • Orientation program - 100 hours of information technology training and eight months of studying is called foundation course which is mandatory.
  • Then you can appear for Group 1 and 2 examinations of the CA Intermediate / Inter.
  • It's mandatory to complete the IT training orientation course.
  • Once the Group 1 and 2 exam is cleared, then you are eligible for a three-year article ship with a firm.
  • After clearing CA Intermediate / Inter is the final CA exams
  • CA Final exams can be attempted when six months of article ship is remaining
  • Completion of Advance Information Technology Training and General Management and Communication Skills – Part II before the final exam is mandatory.
  • CA Final course is primarily done by self-study or with the help of CA training center in Chennai. The CA Foundation course and the CA Intermediate / Inter exams can be done while pursuing a graduate degree, but article ship is done as full-time jobs.

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Chartered Accountant Salary

The average salary for a Chartered Accountant professional is about ₹ 8.48 Lakh per year. And the highest salary awarded recently was ₹ 24.64 Lakh per year.


Role of Chartered Accountant (CA)

  • To act as an accountant to maintain the proper books which portray the right and fair view.
  • To provide information reports to management.
  • To act as a statutory auditor
  • To provide financial advice
  • To act as a service provider to assist in share registration and arbitration
  • To act as an internal auditor
  • To act as a tax consultant
  • To act as a management consultant


Chartered Accountant Jobs

Chartered accountancy is a professional  course which offers a lot of career options and opportuniti with the best salary in hand. Below describe career options.

  • GST Service Providers
  • Chief Accountant
  • Chief Financial Officer (CFO)
  • Chief Manager- Internal Audits
  • Head –Training
  • Lecturer/Professor
  • Chief Manager - Management Audits
  • Chief Manager- System
  • Advisor to the Government
  • CA can choose to start up their independent practice.
  • They can also apply for the job of a chartered accountant in an existing firm.
  • They can also give their services for the capital market.
  • A Chartered Accountant can apply for government job or public sector or private sector.
  • The CA plays an important role in the firm in taking quick financial decisions and profit decisions for the firm.

Chartered Accountant Course Fees


CA Foundation Registration Fees

S.No. Details of Fee Rupees
1 Cost of Foundation Prospectus (Compulsory)
200
2 CA Foundation Registration Fees(Compulsory)
9,000
3 CA Foundation Subscription fees for Student’s Journal(Optional)
200
4 CA Foundation subscription fees for Member’s Journal(Optional)
400

Total
9,800

CA Inter / CA Intermediate Registration Fees

S.No. Details of Fee Rupees (Both Group)  Rupees (Group I or II)
1 CA Intermediate Registration Fees 15,000 11,000
2 Student’s Activity Fees for CA Intermediate
2,000 2,000 *
3 CA Intermediate Registration Fees as an Article Assistant
1,000

Total 18,000 13,000

CA Final Registration Fees

A student after passing out both the groups of Intermediate / IPCC can register for the CA Final Course. The total Registration fee for CA Final is Rs. 22,000.

Stride CA Coaching Fees
Stride CA Coaching Fees


F‍AQ


Where to study Chartered Accountant Course in Chennai?

You can enrol with Stride Edutech to become a Chartered Accountant either by attending our Offline classes in Chennai or taking up our Online Live Interactive Classes.


W‍hat is the Chartered Accountant Salary per month?

The average salary for a Chartered Accountant professional is about ₹ 8.48 Lakh per year.


How to become a Chartered Accountant after 10th?

You are eligible to register for CA Foundation exam after completing 10th standard. But you are eligible write the CA Foundation exam only after clearing the 12th standard exams.


How to pursue Chartered Accountant Course after Graduation?

Commerce Graduates with minimum of 55% marks and Non-commerce graduates with minimum of 60% marks are exempt from CA Foundation exam and can directly write CA Inter exam. After finishing 3 years Articleship and CA Final exam, you will be eligible to become a member of ICAI.


What is the highest Chartered Accountant Salary in India?

The highest salary awarded recently was ₹ 24.64 Lakh per year.


Who conducts the Chartered Accountant Course in India?

The Institute of Chartered Accountants of India conducts the Chartered Accountant exams and awards membership to candidates after obtaining necessary qualification.


How to apply for Chartered Accountant course in India?

You can apply for CA exams at https://icaiexam.icai.org/ by clicking New User Registration. If you are looking for guidance on how to apply or register for CA Exams please call us at +91 8939 488 288 and we will help you register.


What is the number of Chartered Accountants in India?

There are more than 2.7 Lakh Chartered Accountants in India.

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