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.
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
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".
CA has three levels they are:
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.
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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
1. Passing percentage: Aggregate- 50% and Subject-wise- 40% at one sitting.
2. Examination: In November and May after passing Class XII
The CA Intermediate is the second stage of being a CA. This is also conducted by the Institute of Chartered Accountants in India (ICAI)
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Number of Papers – 8
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
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
The third level of the CA (Chartered Accountancy) course conducted by the ICAI (Institute of Chartered Accountants of India) is identified as Final.
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There are eight papers in CA Final from 2016. Changes in CA Final course from below.
Number of Papers – 8
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
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)
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
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.
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.
Institute of CharteredAccountant of India (ICAI) has started the CA Foundation online registration for the November 2020 exams.
Candidates who have passed 10th and +2 can check the detailed eligibility to register and apply online for CA Foundation 2020. In this article, we've provided all the data regarding CA Foundation registration, fee, eligibility, and form for 2020.
In this article, you will read the detailed procedure for CA Foundation registration 2020 and last date for CA Foundation admission for appearing in Nov 2020 examination.
To use online for CA Foundation, candidates will first need to register with the Board of Studies (BoS) and complete the four months of the study period. The CA Foundation registration is open across the year. To appear for November 2020 exam you can register for CA Foundation by June 30, 2020.
ICAI conducts CA Foundation exams twice in a year that is May and November.
After appearing in 12th exams or any equivalent examination the student is eligible to register for the CA Foundation course but the student is eligible to write the exams only after passing the 12th examinations
The below-mentioned documents are to be scanned and uploaded at the time of registration. You can register for CA exam at www.icai.org. All documents have to be scanned and uploaded on this website.
These are the documents required for CA foundation Registration
CA Foundation registration can be done easily by following these simple steps
Step 1: New students who want to register for CA for the first time click here. Now enter your details as shown on the screen.
Note: Always Provide a proper email id and mobile number through which you will get the notification regarding your registration and other updates from ICAI and also make sure the information provided by you is correct because no changes are allowed after submission.
Now click Generate OTP. The OTP will be sent to your mobile number and the verification link will be sent to your email ID.
Step 2: Enter the captcha text and click on the submit button to receive your OTP.
Step 3: You will receive an OTP for validation.
Step 4: Enter the OTP to complete the validation and complete the Login process.
Step 5: Once OTP Validations is Completed, the Applicant will receive login credentials on Email/SMS for login and completion of the Course Registration Process.
Step 6: You can log in by clicking here. Enter the USER ID and PASSWORD and click login
Step 7: After logging in, candidates will see 2 options. Select ‘StudentCycle’ on the left side. Click ‘Apply for Foundation’ on the new screen.
Step 8: On the next window, some of the details will be already filled as you have filled them initially. The other details that have to be provided in the CA Foundation BOS Registration are:
Note: The study material will be sent to you on your mentioned address. So provide the correct address.
Step 9: After filling all the details, click on ‘Save and Next’.
Step 10: Next window will require details about your 10th and 12th qualification
You also have to upload the scanned copies of the original documents for 10th and 12th Mark sheets.(12th Admit card in case of provisional registration.)
Step 11: Select the medium of study- English or Hindi. Click Save and Next to proceed further.
Step12: Now upload your photograph and a specimen of scanned signature(should be on a blank white paper with blue ink). The maximum aspect ratio of the image is width: 21 centimetres and length:27 centimetres. The file size of every scanned document should be less than 1 MB and in a pdf or jpeg file format. Satisfy the given condition to avoid rejection of the application. Click on Generate OTP and enter the OTP you received.
Step 13: The last step involves the payment of the registration fees. You will be redirected to the payment gateway. You can make the payment through NetBanking/Debit Card/Credit Card. On successful payment of the fee, the system will automatically generate the form along with a successful transaction message.
Note: If in case On unsuccessful payment and no amount is debited try after some time or If the amount has debited from your account and your receive an unsuccessful payment message then contact the ICAI immediately
Step 14: Take a print out of the automatically generated form. Attach the required documents. Finally, you will have to post them to the postal address of ICAI.
On completion of the registration process, the study material will be sent to the candidates through the Centralised Dispatch System (CDS).
Registration fees for the CA Foundation course are given below in the table
Check the CA Foundation Application Fee details from the table below:
Candidates who do not apply online for CA Foundation Nov session on or before August will have to pay a late fee to apply online till September. The CA Foundation Late Fee Details are as follows:
Need some help with the registration process? Call us at +91 8939 488 188 / 288 and we will guide you through every step.