CA - CHARTED ACCOUNTANCY

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.

Role of Chartered Accountant

  • To act as an accountant to maintain the proper books which portray the true 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 management consultant

Chartered Accountancy (CA) Course

The Chartered Accountant course consists of three levels.

  • CA Foundation course or CPT (Common Proficiency Test)
  • CA Intermediate or Inter or IPCC (Integrated Professional Competence Course)
  • CA Final

There are two options to pursue a Chartered Accountancy (CA) course.

  • Foundation Entry
    If a person opts to pursue a Chartered Accountancy course after 12th standard they can directly register for the Foundation or CPT course through Foundation Entry option.
  • Direct Entry
    If a person opts to pursue a Chartered Accountancy course after graduation or the students who cleared the Intermediate level of the Institute of Cost and Management Accountants of India (ICMAI) or The Institute of Company Secretaries of India. (ICSI), they can directly register for the Intermediate course through Direct Entry option.

Examination Criteria and Other Details

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.

  • 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 10th Std. but you are only eligible to write the exams once you clear your 12th Std. or HSC.
    CA Foundation is exempt if you are already a commerce graduate with >55% marks and also exempt for non-commerce graduates with >60% marks t
    The students who cleared the Intermediate level of the Institute of Cost Accountants of India or The Institute of Company Secretaries of India.
  • The second step is to enroll for the CA Intermediate or CA Inter (previously called as Integrated Professional Competency Course - IPCC)
    Students need to undergo an orientation program, 100 hours of Information technology training and 8 months of studying (called foundation course).     Students can then appear for Group 1 and /or Group 2 examinations of the CA Inter.
    They also need to complete General Management and Communication Skills course – Part 1. Once they clear Group 1 and 2 exams, they are eligible for a 3 year article-ship with a firm
  • The third step step is to enroll for the CA Final exams.    
    The exam can be attempted when 6 months of article-ship are remaining. 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
  • The fourth step is to Acquire Chartered Accountant Membership.
    The exam can be attempted when 6 months of article-ship are remaining. 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
CA FOUNDATION

This is the identification for the first/lowest/starting level of the 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 whether it be after 10th, 10+2 (intermediate), graduation or post-graduation.

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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). One can be eligible for CA Inter only after he/she gets through the CA Foundation or Commerce Graduates/Post-Graduates (with minimum 55% marks) or Other Graduates/Post-Graduates (with minimum 60% marks)  of the total marks or its equivalent grade in the examination conducted by any recognised University.

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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. This is the third level course for any student intending to take up the chartered accountancy course after CA Intermediate.

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