Is it hard to become a Chartered Accountant?
But is it true? To know this, we can take the support of the pass percentage of the first few years.
According to the information received from ICAI, every year, more than 50000 students and students appear for CA exam and you will be surprised to know that 20% of them and students are not able to pass it.
If we talk about CA Foundation, Around 50000 students and students appeared in the examination in the CA 2018 Nov 2018 attempt, out of which only 22000(Approx) students and students passed it.
You can know the pass percentage of CA Intermediate through this table –
Group pass percentage
First Group 18.54%
Second Group 43.04%
First Group 27.86%
Second Group 0.21%
Both Groups 8.88%
The pass percentage of New CA Final is as follows –
Group pass percentage
Group I 14.30%
Group II 27.03%
Passed Group I 13.30%
Passed Group II 7.19%
Passed Both Group 16.44%
On the basis of these links, it can be estimated only how tough the Chartered Accountant course is.
Why is it so difficult to pass the CA Course?
As you know CA Course has 3 levels – Foundation, Intermediate, and Final and to become a Chartered Accountant you have to pass each level. So, let us know in detail about each level, what are the problems students face in passing each level –
1. CA Foundation Level
CA Foundation is an entrance test and consists of four subjects. The syllabus of the CA Foundation is very like the syllabus of 12th commerce. Of course, this helps students with commerce stream a little bit, but it is difficult for students with science and arts stream to pass this level. According to the contacts of CPT and Foundation of the last few years, only 30% of students can pass this entrance test.
2. CA Intermediate Level
CA Intermediate Chartered Accountant Course has a second level and is divided into 2 groups. There are 4 subjects in each group. The syllabus at this level is very large, which is difficult to finish in 8 months, this is the reason why so few students are able to clear this level every year.
3. CA Final Level
CA Final CA is the final level of the course and this level is also divided into 2 groups and each group has four subjects.
It is considered the most difficult level of the Chartered Accountant Course. Only a few students are able to pass this level because its syllabus is very large and the paper pattern is also very hard.
Apart from these, there are some reasons that make this course so difficult which is –
Not finding good guidance in coaching classes
Revision of old course
Not keeping up with financial system related modifications
New 30:70 Assessment Pattern
Now it would not be unfair to say that Chartered Accountant is a very difficult course. But CA has an institute that says that
Passing Chartered Accountant Course is very easy
According to him, even an average student can pass CA if one gets good guidance and studies with full devotion and hard work, and becoming a Chartered Accountant does not depend on how many marks he has got in the 12th. It depends on how he is getting guidance and is studying in a proper way or not.
So, the student should try to get good marks in the Foundation itself. This will keep the confidence of the student in IPCC and final also.
With this, you should also keep these things in mind –
- Prepare in the right way
- Divide your syllabus into sections A, B, V
- Stay away from negative students, they reduce your self-confidence
- Always keep positive thinking
Frequently Asked Questions
1. How attempts are counted in CA?
There are no attempts counted or written on any certificate. Even, there is no age/attempt limit provided by ICAI. So, it does not matter if you pass in 1st attempt or in any subsequent matter.
2. Can I do CA while doing Job?
Yes, you can do Job while doing CA. But I think this question has to be more specific, as it depends at which level of CA you are in.
Example- After passing 12th, you can do a job while preparing for Foundation exams, but you shall tell your employer that you will take at least 2 months LEAVE for preparing for exams. Same will be for CA Inter as well. But when we come to the ARTICLESHIP part, you shall try to get the Articleship done from BIG 4 firms which will provide you a good stipend as well as good training and experience of the Corporate world. But during articleship, you are not eligible for a job, as you cannot show it in your book of accounts as your salary.
CA studies in any level needs a dedicated time of studies, which is required to clear exams. So taking LEAVE for least 2 months will not only help you. But you need dedicated hours in your daily routine from the start to be succeeded as a qualified CA.
One more situation needs to be discussed here, if someone is not able to pass CA Final exams after completing Articleship, then he can do a job and try preparing for the next attempt.
3. Who is the youngest chartered accountant in India?
Nishchal Narayanam is a famous name for creating a history of CA. He made a record of the youngest CA of the country at the age of 19. He cracked the CA Final exams in 2015.
4. Who is the richest CA in India?
Kumar Mangalam Birla
Kumar Mangalam Birla stands out as one of India’s most respected Chartered Accountants, as well as the richest CA the country has today. With a market cap of over $40 billion, he operates a corporate empire. The Aditya Birla Group is listed as the third-largest company house in India.
5. Is math compulsory for CA?
As a compulsory subject, mathematics is not involved. This implies that students who have not had subjects in mathematics can also eligible to give CA exams. Certainly, mathematics does not play a key role in the requirements for eligibility. But in Foundation level and Final Stage, the subject is certainly involved in the examinations.