Chartered Accountant Course
The Chartered Accountant Course is considered one of the best paying career professionals in the Republic of India. Chartered accounting may be a sensible career choice if you’re curious about subjects like taxation and accounting. The career path to becoming a Chartered Accountant (CA) is difficult but is promising. The complete chartered accounting course length of five years. Thus, if you’re willing to must up a career as an accountant, you must be ready to devote that abundant time to your education.
There is an honest demand for chartered accounting professionals in the Republic of India inside non-public likewise as public organizations. A certified CA is employed to alter the account details of an organization. They additionally ease in finding disputes and preventing bankruptcy. If you’re attending to pursue this career then it’s an improved plan to begin when category ten. Decide the chartered Accountant course details below:
Chartered Accountant Course Details and CA Exams:
- CPT (Common Proficiency Test)
- IPCC (Integrated skilled competency Course)
- FC (Final course) Click here to check IPCC Result
Chartered Accountant Course Eligibility:
- Candidates are eligible for accountant CPT registration when category ten, but they’ll be able to seem for it after passing class 12.
- Students of commerce, science likewise as the arts stream will apply for CPT.
- Students of Commerce stream have to be compelled to secure five hundredth mixture marks in school twelve exams so on be eligible for CPT.
- Students of all alternative streams have to be compelled to score a mixture of 55 excluding arithmetic and him together with arithmetic in school twelve board exams.
- On clearing the CPT communicates with success, candidates become the member of Republic of Indian chartered Accountants courses or Institute (ICAI) – the communicating and course conducting body for all CA in India.
How to become a CA (Chartered Accountant):
Demand for Accounting Technician Course (ATC):
After clearing the accountant CPT, candidates ought to register for the ATC. A similar will be done when clearing 10+2.
Candidates who have already cleared test or skilled education (Examination-I) or Foundation Examination are going to be eligible to register for ATC.
Candidates WHO had at one time registered for Intermediate/ Intermediate (Professional Competence) program/ skilled Education (Course-II) will register for ATC.
Apply for CA IPCC:
Candidates should have scored a small of one hundred out of two hundred marks in CPT when category twelve so on used for IPCC program.
Registration for IPCC should be done 9 months before the primary day of the month during which the communicating is going to be conducted.
The courses comprise seven subjects, every value one hundred marks. So on clear the course, you may score a least of forty marks in every subject & a mixture of fifty or higher than.
Scoring sixty marks and higher than in any subject can exempt you from reappearing for that exact subject in case you fail the course and arrange to provide the exams once more.
Articles in CA
After clearing the IPCC, you may do an berth of three years below an authorized CA. The Articleship is a chance to find out, but accounting is handled below Chartered Accountant.
CA Final Course:
During the last six months of your 3-year article ship, you’ll seem for the ultimate course exams. Once you have got cleared the ultimate course, you may be awarded the designation of an accountant.
Chartered Accountant Course Payment and CA Job Prospects:
Chartered Accountant course (CA) is in nice demand inside auditing companies, banks, finance firms, stock broking companies, legal companies, etc. payment choices don’t seem to be bright throughout articles yet will candidates can expect an honest salary when finishing the course.
The average beginning payment of a CA varies from Rs. Four to six large integers every year when finishing the ultimate course. The payment depends on the town and the company you get used to.
CA exams are powerful and also the course long, so, it’s judicious to pursue graduation in conjunction with the program. When category twelve you’ll apply for B. Com program in conjunction with CA courses. Pursuing B. Com can provide you with another choice in case you would like to opt off the CA field. Another advantage is that you will apply for jobs on the premise of your B. Com degree.
Frequently Asked Questions
1. Can I clear CA in my first attempt?
Yes, everything is possible in this world, so is passing CA in 1st attempt. Below are certain tips which can help you to clear CA in the first attempt.
A- Prepare yourself from the beginning. You need to dive deep into the studies. A shallow knowledge about a topic will not work.
B- Create a workable schedule for your daily routine and studies. Study with proper dedication at least 6-7 hours a day.
C- Take 1 practical & 1 theoretical subject at a time and try to refrain from social media, as this is a BIG DISTRACTION to your studies.
D- Always tag your video/book while studying to make a revision of the course easy.
E- Work on exam presentation skills.
F- Always revise the topic before starting up the new topic.
G- Practice YOGA/MEDITATION. This will make you healthy, and more concentrated to your goal.
H- Stay positive.
2. Can a CA become CEO?
Once Tata Ratan quotes: “I need an MBA for running my business…but a CA to teach them how to run a business.”
This quote itself gives you an insight of the question asked.
In CA course itself you can
Kumar Mangalam Birla : CA Kumar Mangalam Birla is the Chairman of the Aditya Birla Group, one of the largest conglomerate corporations in India.
Naina Lal Kidwai : She is currently the Group General Manager and Country Head of HSBC India. She is the Former President of the Federation of Indian Chambers of Commerce and Industry (FICCI). The Government of India honoured her with PADMA SHRI.
George Alexander Muthoot : the Managing Director of the Muthoot Group a business conglomerate in India.
3. Is CA a boring job?
This is a question whose answer depends only on the person’s own interest. Nothing is boring if you have interest in it. If a person is having interest in any other field & he is pursuing CA as a profession, then he cannot succeed in this field. If you have interest in finances, then you will love your job as a CA and you can succeed in this profession with a handsome salary or you can even start your own business.
Rather, there are many fields in which CA can work. Eg. Audit/Accounting/Taxation/Transactional Advisory services/Due diligence roles.
You can pursue your job in any of the fields in which you are interested in.
4. Can I complete CA in 2 years?
No, CA cannot be completed in 2 years. In the above flow chart, I have shown all routes of joining CA and minimum time taken up by CA students in passing each exam(i.e in 1st attempt).
So in short, 3 yrs of articles is compulsory in both routes, so, there is no way to complete the CA in just 2 years.
5. What is the age limit for CA?
There is no upper age limit for CA exams. You are eligible to appear for CA Foundation exams after clearing Class 12 exams. Although now you can register/apply for CA Foundation exams soon after passing Class 10. Also, you can do it even after graduation also.
6. Is CA or MBA better?
CA is an inexpensive course on its own and, when compared to an MBA course, it seems extremely pocket-friendly. A CA course has an unbelievably higher factor in India. In general, an MBA is an expensive degree and an MBA in Finance course will set you back anywhere from Rs. 3 to 10 lakhs in 2 years. But, if you are taking your profession as per your interest then any profession will pay off you good income as you are dedicated to your profession, be it a CA or MBA. So always prefer your interest area.
7. Is 5 Months enough for the CA final?
If you have 5 months in hand to prepare for exams, that’s enough time to kick start the preparation for exams. First, go through Mock test papers, RTPs, MTPs & previous years’ question papers. This will give you an idea which type of questions & which topics are important as per exams. Always mark/bookmark the concepts which you were not able to comprehend or the parts which are important for exams during your first time of study of the course. This process makes your first revision easy. This saves time & gives you time to practice the subject more. You should consider dedicated 4-5 hours with full concentration on the studies and you shall manage your time to at least revise the course 3 times before exams. Do not forget, ICAI study material & practice manual is BIBLE for you, so you should never ignore them.
8. What is the salary of CA per month?
7 Lakh per year (Approximately)
One can be accredited as a chartered accountant by the Institute of Chartered Accountants of India after passing the final examination. The CA fresher starting average salary is about 7 Lakh per annum (Approx), but it tends to rise with more years of experience.
9. Who is the youngest chartered accountant in India?
The Nishchal Narayanam Research Technique, The Youngest CA, India. Nishchal Narayanam is a well-known term for someone who has changed the history of CA. He registered the nation’s youngest CA at the age of 19.