what is a ca course

What is in the CA course?

A brief overview of the CA Course that covers all papers of all levels, examination requirements, how to register and appear for the CA examinations, and practical training requirements.

What is the duration of a CA course?

The CA Course duration follows the same path as that for bachelor’s degree. You can directly apply for the CA Intermediate course and skip the foundation course. However, you have to complete 9 months of articleship training to appear in CA Intermediate examination and before that, you must undergo ITT and OT program.

What is the CA certification?

The CA certification comprises of education and exams in the field of business, taxation, and accounting. The procedure to become a Chartered Account (CA) is challenging, as candidates have to clear various exams at different levels, but it is very promising.

What is the scope of CA course?

A CA course is a professional degree that is offered by certified Chartered Accountancy bodies throughout the world and aims to equip students with complete knowledge of Financial Management and Auditing, Fiscal Laws, Regulations, Strategic Financial Management, Ethics, amongst others. Wondering How to become a chartered accountant?

What is CA course?

Chartered Accountancy or commonly known as CA, is a professional course that equips one with technical knowledge to manage finance, accounting and taxation for an organisation or any business entity.

How many years CA course?

5 YearsCourse Duration of CA (Chartered Accountancy) is 5 Years.

What are the subjects for CA?

Law, Economics, Accounts, and Quantitative Analysis are the four subjects covered in the exam. Candidates who have passed both the CPT and the class 12th exams can register for the IPCC (Integrated Professional Competence Course - the second level course of CA).

What is salary of a CA?

The average salary is between INR6-7 lakhs per annum in India. A CA's Salary, on average, could rise to INR40-60 lakhs depending on his skills and experience. If he gets an International posting, he could earn INR 75 lakh pa. At the recent ICAI placement, INR 8.4lakhs is the average salary of CA.

Is there maths in CA?

CA course doesn't have Maths in it . But it does have ' Costing ' subject.

Is CA course difficult?

It can be attempted by students who have completed 12th standard, graduates and professionals. The syllabus and examination are modelled in a way that even students can crack them. But, still, it is considered as one of the hardest tests to crack in India.

What is passing marks for CA?

Candidates need to obtain the minimum passing marks or more than that in order to clear the CA Final exams 2022. A minimum of 50% aggregate marks and individual 40% marks in each subject are required to clear the CA Final 2022 exam.

How can I start CA course?

Here's how you need to go about it.Step 1: Enrol yourself in the CA Foundation Course after completing XIIth.Step 2: Complete a 4 month study period and appear in the CA Foundation Examination.Step 3: Enrol into CA Intermediate Course after clearing CA Foundation Exam.More items...•

Which degree is best for CA?

If added with CA preparation, the MBA degree is a total industry in-demand combination. That's why MBA is considered the best degree with CA preparation to pursue any aspirant. You can also choose from various specializations. Bachelor of Arts can also be pursued along with CA preparation.

Is CA a government job?

Can Chartered Accountants have a government job? The answer to the question invariably is Yes.

Is CA a good career?

Chartered Accountants are regarded as one of the highest paying career professionals in India. Chartered Accountancy is a good career option if you are interested in subjects like taxation and accounting. The career path to becoming a Chartered Accountant (CA) is challenging but very promising as well.

Which job is highest salary?

Best Paying Jobs in IndiaCommercial Pilot. ... Product Manager. ... Investment Manager. ... Management Consultant. ... Business Manager. ... Data Scientist. ... Chartered Accountant. ... Doctor/Physician.More items...•

What is the registration fee of CA courses?

The registration fee of the CA Foundation course for one year for Indian candidates is Rs. 10,900. It includes the CA course registration fees (Rs....

Does ICAI provide Chartered Accountancy campus placement?

Yes, the ICAI provides campus placement opportunities for newly qualified CAs.

Is there any age limit for pursuing Chartered Accountancy?

There are no maximum age limit restrictions for pursuing a Chartered Accountancy course. However, the aspirant should be at least 17 years to pursu...

What is the difference between Chartered Accountancy and Cost Accountancy?

Chartered Accountants are responsible for Financial Statements, whereas Cost Accountants are responsible for Cost Statements such as Product Costin...

Are the CA statements of marks issued?

Yes, the candidate will receive a hard copy of the statement of the marks of their CA exam issued by the ICAI.

What is AICITSS?

Advanced Integrated Course on Information Technology and Soft Skills Course (AICITSS) is an advanced course that a CA aspirant must complete before...

Who is eligible to appear for the CA Final exam?

A student who has aced both the groups of the Intermediate Exam and completed at least 2.5 years of articleship is eligible to attempt CA final exa...

What degree is required for pursuing CA?

A Commerce degree is generally required for pursuing CA. Aspirants from other streams can also study CA.

What is the full form of CA?

The full form of CA is Chartered Accountancy. CA is also used for the career title Chartered Accountant.

What is the duration of the Chartered Accountancy (CA) course?

The Chartered Accountancy course for a candidate joining after the 12th standard through the CPT route is 4.5 years. Whereas for someone joining th...

What is CA in the USA?

CA in USA. In the USA, the CA course is known as CPA that is, Certified Public Accountant which is the certification that is granted to individuals who are trained in the management of public accountancy. As compared to India, in us there is no such thing called CA or CPA program, instead there is CPA examination that one must qualify ...

How long does it take to become a CA?

It generally takes 5 years to complete a CA course and is structured to help you gain footing in the finance industry. The course consists of numerous levels along with an Articleship program that has to be completed before becoming a certified CA. However, it is to be kept in mind that each country has its own set of requirements in terms of certificates and degrees to allow you to work as a CA.

How to become a CA in India?

In India, candidates interested in becoming a CA have to take take a series of exams conducted by ICAI. The three levels of CA Exam in India are the CA Foundation, CA IPCC (Integrated Professional Competence) Examination, and the CA Final. In order to get the CA certification, candidates need to clear all the levels. One can do this course after class 12th as well as after graduation. The ones who decide on becoming a CA after graduation are exempted from the CA foundation or the CPT Exam. Apart from that, the entire procedure remains the same for everyone.

About Chartered Accountancy (CA)

Chartered Accountants are some of the highest paying professionals in India in the non-technical field. It is considered as one of the brightest career options for those seeking opportunities in the commerce fields. The CA certification comprises of education and exams in the field of business, taxation, and accounting.

Chartered Accountant (CA) Course Highlights

Some of the important highlights of the Chartered Accountant (CA) course are as follows:c

Chartered Accountancy (CA) Career Options and Job Prospects

Auditing firms, banks, stock broking firms, finance companies, legal firms, etc. are some of the places where CAs can seek jobs after passing all the levels. Salary options are not bright during articleship but candidates get lucrative salary packages after completing the course.

Top Recruiting Companies for Chartered Accountants

Some of the top recruiting companies for Chartered Accountants are as follows:

FAQs about Chartered Accountancy

I want admission in Chartered Accountancy (CA). Do I have to clear any exams for that ?

What is CA audit?

Auditing is one of the most important functions a CA performs, in order to help organizations to achieve their objectives. There are many audits that a CA can do viz. internal audit, statutory audit, tax audit, management audit, bank audit which can be done by you if you're opting CA as a career.

How many stages are there in CA?

There are three stages in CA course for candidates who choose the Foundation route and two stages, viz., Intermediate and Final, for candidates opting for direct entry. The first stage is the CA Foundation, the second stage is CA intermediate, and the last one is CA Final. Candidates have to undergo a 3-year articleship as well after clearing both groups of CA Intermediate.

What does a Chartered Accountant do?

The Chartered Accountant also does the valuation of shares, be it the shares of public or private companies. So when amalgamations or mergers take place, CA can do the valuation of shares for the purpose of taking over bids. This is the other function that a CA performs.

What is the ICAI?

The ICAI (The Institute of Chartered Accountants of India) is the second largest professional body of Chartered Accountants in the world, which regulates and develops professionals with world-class competencies in accounting, assurance, taxation, finance, and business advisory services.#N#The ICAI's motto is य एष सुप्तेषु जागर्ति, meaning " a person who is awake in those that sleep". Here sleep is used as a metaphor for lack of knowledge. The ICAI is an institute which values knowledge more than anything. And as a Chartered Accountancy student and professional, you'll have knowledge that others lack.

Why is taxation important in CA?

Taxation plays a vital role in the effectiveness of the business as well as economy. A CA can prepare tax returns for assessment of tax in order to assist clients. The Income-tax law requires a person to file the returns which again is a job that CA can perform.

Is CA a good course?

The cherry on the top is its low fees and no reservation. A student coming from a low-income family can also pursue it with ease. CA course gives you good and equal opportunities. Not just that, the exposure of the business world that a CA gets is unmatchable. It develops entrepreneurial skills in people and who knows, it might motivate you to start a business of your own!

Can a CA be a director?

CA can also be the director of the company which is the senior most position in the company where authority comes with responsibility but surely it is now well recognized and it has now gained popularity that a CA can be a director as well in India.

What is ICAI in India?

The ICAI, is a statutory body which regulates and maintains the profession of chartered accountancy in India. Under the Scheme of Education and Training, a candidate can pursue Chartered Accountancy course either through, Foundation Course Route or Direct Entry Route.

How do I become a Chartered Accountant?

To become a Chartered Accountant, the candidate has to go through a process of training and exams as various levels, conducted by the Institute of Chartered Accountants of India (ICAI).

What is a CA in finance?

Chartered Accountants today, have acquired important position in public as well as private sectors. A CA also acts as business advisor who helps in the preparation of financial reports, securing loans, preparing financial projections, showing how the loans will be repaid, and determining the viability of business. The CA also helps its client to comply with tax laws and represent him before government agencies.

What is the CA course?

A: CA course can be pursued right after Class 12th by registering for the Foundation course of ICAI. Also, there is direct entry route for those who have completed a bachelor or masters degree in commerce discipline with at least 55% marks and in other disciplines with 60% marks or have passed the Intermediate course of Institute of Company Secretaries of India. For direct entry admission, candidates have to register for the Intermediate course of ICAI.

How many levels are there in CA?

The CA course is divided into three levels: Foundation Level, Intermediate Level and Final Level. Below are the papers covered at each level and marking schemes (officially known as skill assessment) of education and training at all levels of CA courses:

How old do you have to be to take CA?

A: There is no maximum age limit for the CA course. However, minimum age should by 17 years (Class 12 pass). A finance or accounting professional can pursue the CA course at any phase of their career.

Is CA a professional degree?

A: Yes, it is a recognised professional degree for pursuing a career as a chartered accountant. The University Grants Commission on March 15, 2021 announced that CA qualification will be treated equivalent to PG Degree based on requests submitted from the ICAI. Click here to read more.

What is CA course?

The CA Course consists of a theoretical component as well as practical training requirements. The CA Course is regulated by the ICAI. Here are more details about the ICAI, its functions and responsibilities: More about the ICAI, its functions and responsibilities. CA Foundation.

How long does it take to complete CA?

The CA course takes, on average, around 5 years to complete and is one of the most prestigious professional courses in India. The course itself consists of a theoretical component and practical requirements.

What is credit system?

Credit system allows you to plan your learning smartly and with flexibility. Watch the video to find out more about how the credit system works, and how you can leverage this for your success. Learn More

When are CA exams conducted?

CA exams are offline exams and conducted twice a year (in May and November). Students planning to prepare for the CA course should go through the CA course details, which include a detailed syllabus and exam patterns.

How old do you have to be to become a CA?

If you are academically qualified for it, you can become a CA at any age. Technically, students from any stream (after 10+2) are eligible to pursue the CA course.

What is industrial training?

Industrial Training: The Institute provides an option of Industrial Training for students who intend to build their careers in industries, after becoming Chartered Accountants. Training in an industrial/commercial/financial environment provides the trainees with the opportunity to develop a problem-solving attitude and to have an insight into ...

Can I become a Chartered Accountant after passing the final exam?

After passing the Final Exams, one can enroll as a member of ICAI and be designated as “Chartered Accountant”. Provisional Registration: Candidates pursuing the Final year of Graduation are eligible for provisional registration to the Intermediate Course.

Is CA exam hard?

If you’re applying for the CA exam, or are considering becoming a chartered accountant, know that it’s a very lucrative career. You’ve heard that the exams are tough, but once you get the certificate, you have a great chance of earning really high incomes.

How long does it take to get into CA Intermediate?

Step 1: Enrol into CA Intermediate Course. Step 2: Complete 4 weeks of Integrated Course on Information Technology and Soft skills (ICITSS).

What are the two things that CAs deal with?

Understanding of day to day changes in the business world affecting organizations. Ethics. CAs deal with money and require great ethics to be professional and to be trusted by companies. Analytics. It is a profession of numbers and so, requires great analytical skills to make the right business decisions.

What is the difference between a chartered accountant and a chartered accountant?

The difference between an accountant and a chartered accountant is that the latter has taken an in-depth training of years and has passed multiple exams in various aspects of accounting to earn the title of a chartered accountant.

What is the most important thing to know about being a chartered accountant?

Communication. Written as well as oral communication is of utmost importance to land any job. As a chartered accountant, you will need to interact with peers, stakeholders and decision-makers, and so it is significant that you are able to get your message across in a professional way.