• CA - Chartered Accountancy Finance-Banking-Accounts And Actuary

     
    Exam Level
    National
    Exam Conducting Body
    ICAI
    Application Form Filling
    Online
    Exam
    offline
     

    Chartered Accountancy Exam details: Eligibility, Application Form, Admit Card, Result, Admission, Syllabus, Colleges, Exam Pattern


     

    Chartered Accountancy Details

    Course Name

    Chartered Accountancy

    Degree

    Bachelor`s Degree

    Duration

    5 years

    Age

    17 – 25 Years

    Entrance Exam

    Students who have completed the tenth grade or any course equivalent to that which is recognised may 

    apply for the Common Proficiency Course (CPC). 

    After passing the 10+2 exam, the student must sit for the CPT (Common Proficiency Test) exam.

    After CPT IPCC (Indian Chartered Accountants Institute), there will be three years of article ship/training under a practicing C.A, followed by the CA Final.

    Eligibility

    A minimum of 50% in the 10+2 from recognized board

    Candidates must have a minimum of 60% in their graduation to be eligible for direct entry to the intermediate level.

    If the candidate is a Commerce graduate, the minimum required mark is 55%.

    Other Similar Courses to Study

    • Association of Chartered Certified Accountants (ACCA)

    • Certified Financial Planner (CFP) Program

    • Certified Public Accountants (CPA) Program

    • Chartered Financial Analyst (CFA) Program

    • Chartered Institute of Management Accounting (CIMA) Qualification

    • Financial Risk Management (FRM) Qualification

    • International Financial Reporting Standards (IFRS) Program

    Fees

    Up to INR 2 LPA

    Job Scope

    Job opportunities after Chartered Accountancy:

    • Air Traffic Control

    • Airline Technician

    • Aviation Line Technician

    • Cargo Manager

    • Commercial Aerospace Sales Manager

    • Commercial Pilot

    • Flight Attendant

    • Flight test engineer

    • Pilot

    • Service maintenance engineer

    • Driver Dispatch/Load Planner

    • Regional Bearing Sales Specialist

     

    Salary

    INR 5 - 8 LPA

    Scope for Higher Studies

    Investment Banking, CFA, LLB, FRM, Company Secretary, CPA, etc.

      

    FAQs

     

    What is Chartered Accountancy?

    CA is an abbreviation for Chartered Accountancy. After completing their 12th grade, aspirants can pursue a career as a CA. Chartered Accountant is a three-level significant specialization-cum-certification course that allows you to work as chartered accountants for all reputable companies and audit firms. In India, the course is designed and governed by the ICAI. Candidates interested in auditing, taxation, and accounting can enrol in the CA programme. Candidates who want to start their own practise and are interested in financial domains, taxation, and so on can also enrol in the CA Course.

     

    Is it necessary to be a commerce student for CA?

     

    After the 12th grade, anyone can pursue Chartered Accountancy as a Commerce or Non-Commerce student. However, students from the commerce stream are more likely to choose CA because their subjects are so similar to the entrance exam. It provides you with a foundation in one of its core subjects, accounting. Students from the Science Stream with Math in 11th and 12th grade also choose the Chartered Accountancy course. Math is the primary subject in the CA Foundation/CPT entrance exam, which is a significant advantage for these students.

     

    What are the levels in Chartered Accountancy?

    The course includes three CA levels:

    CA Foundation: The foundation course is the entry-level national examination that serves as the first step toward becoming a CA. This examination is undertaken using an offline method. The ICAI administers the exam every two years. The syllabus focuses on CA application, comprehension, and knowledge. Each paper is worth 100 points and lasts 180 minutes.

     

    Intermediate CA: Students take the intermediate course to bridge the gap between the fundamentals of the CA course and the advanced CA course. The course equips students with the technological knowledge and skills needed to become a CA. The intermediate subject is split into two sections. After passing the CA Foundation Exam, candidates can either take the CA Intermediate Exam individually or as a group.

     

    CA Final: Students must complete all of the subjects in the final CA course in one session. Failure to do so will result in them having to retake the entire level's exams.

     

    Parameters

    Level I (Foundation)

    Level II (Intermediate)

    Level III (Final)

    Duration

    4 Months

    2.5 - 3 Years

    2 Years

    Eligibility

    10+2 in any subject with at least 55% marks

    Candidates with a Level 1 qualification OR UG/PG graduates

    Candidates who passed Level 2 and completed 2.5 years of Articleship

    Entrance exam

    CA CPT

    CA IPCC

    No entrance exam

    Qualifying percentage in Entrance tests

    40% in CA CPT

    40% in CA IPCC

    40% in CA IPCC

    Exam fees (INR)

    9,800

    3000

    3,300

    Topics covered

    Accounting, Economics, etc.

    Auditing, Taxation, Law ethics, etc.

    Financial reporting, Advanced Auditing, Company law, etc.

     

     

    What is the eligibility for CA?

     

    Candidates who have completed their 10+2 exams are eligible to enrol in the CA Foundation Course. To enrol in the CA programme, they must pass the Common Proficiency Test (CPT). After passing the CA 

    Foundation course, you will be required to take the intermediate course, which will lead to the final course. Candidates who have completed their graduation can proceed directly to the intermediate level.

     

    Which is better: CA or MBA?

     

    MBA is available in India as a two-year full-time programme. It is one of India's most popular postgraduate courses. MBA admission is based on the CAT, XAT, CMAT, GMAT, and other exams.

    The entire Chartered Accountant course is completed in 5 years. Students must take a CPT (Common Proficiency Test) before being admitted to ICAT (Indian Chartered Accountants Institute).

    When compared to an MBA, the cost of acquiring a CA certification is less. Only 3-5 percent of candidates out of 100 are able to qualify with CA and become certified. 90% to 95% of candidates who enrol in MBA programmes get good jobs with competitive pay packages. As a result, the demand for MBA programmes in India far outnumbers that of CA programmes. MBA is a postgraduate degree, whereas CA is a professional degree that can be completed immediately after graduating from class XII. Both of these courses are unique in their own right. Some graduates prefer to complete their CA and MBA programmes concurrently in order to move up the success ladder more quickly.

     

    What is the scope after Chartered Accountancy?

     

    CA job opportunities abound for graduates in both the private and public sectors. CA jobs in India are available in a variety of sectors and industries, so graduates should not feel limited in their options.

    The following are some of the most common CA jobs held by graduates:

    • Account Manager

    • Accountant

    • Consultant

    • Finance Manager

    • Financial Consultancy

    • Managing Treasury 

    • Tax Auditing

    Various industries where students can find work after graduating from CA:

    • Auditing Firms

    • Banks

    • Law Firms

    • Public Limited Companies

     

    Accountants and taxation experts are also required by the government to ensure that the government's finances are in line with their needs. As a result, government jobs for CA graduates are also available in the market. The following are the top government hiring organisations:

    • IIPS

    • Ministry of Finance

    • UPSC

     

    What is CA articleship?

     

    Articleship is a three-year practical training phase in which students work on real-world assignments for real-world employers (mostly Chartered Accountant firms). Unlike the 3-month summer internships that engineering and management students are used to, the 3-year articleship period is far more tedious and intense. During the articleship period, the 'article' is paid a stipend in accordance with the Institute of Chartered Accountants of India's standards (ICAI). The monthly stipend ranges from Rs 750 to Rs 15,000 rupees.

     

     

    What are the Higher Studies options after Chartered Accountancy?

    Though CA is a comprehensive and rigorous course in and of itself, you should stay ahead of the game and look for additional courses that you can pursue in order to have a brighter future, a higher salary, and a better understanding of international requirements. After passing the Chartered Accountancy Exams, the most popular courses are:

     

    • CFA (Chartered Financial Analyst) 

    • CPA (Certified Public Accountant)

    • CS (Company Secretary)

    • FRM (Financial Risk Manager)

    • Investment Banking

    • LLB (Bachelors of Law

     

    Top Institutes for CA

    1. Academy of commerce, Noida

    2. Arihant Institute of Commerce and Management, Bangalore

    3. CMS For CA, Hyderabad

    4. EduPristine, Mumbai

    5. Elite IIT, Bangalore

    6. Gokaran Narvadeshwar Institute of Technology & Management (GNITM), Lucknow

    7. ICAI - Institute of Cost Accountants of India, Delhi

    8. Indian Institute of Finance and Accounts, Pune

    9. Institute of Chartered Accountants, Noida

    10. Navkar Institute, Ahmedabad

     

    FAQs

     

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