Chartered Accountancy is a highly esteemed professional qualification in the accounting domain, signifying an individual's expertise in accounting, finance, auditing, and taxation. Chartered Accountants are recognized for their in-depth knowledge and adherence to ethical standards, making them indispensable advisors to businesses and individuals in navigating the complexities of financial matters. A Chartered Accountant provides financial guidance, ensuring compliance with regulatory requirements, and conducting audits to maintain financial integrity of a firm.
To practice as a CA in India, one must complete three levels of training under the Institute of Chartered Accountants of India (ICAI). The ICAI is the regulating body for chartered accountancy. Aspirants can take CA admission through the Foundation Course after Class 12 or the Direct Entry Route after completing Graduation.
The CA syllabus covers accounting, auditing, taxation, financial management, etc. CA jobs include auditors, financial analysts, tax consultants, or work in corporate finance. CA salary varies based on experience and location, ranging from INR 6-10 lakhs per annum for freshers and significantly higher for experienced professionals. CA exams are organized by the Institute of Chartered Accountants of India (ICAI) for individuals aspiring to become Chartered Accountants in India.
The CA highlights section will provide you with an overview of important aspects related to the chartered accountancy course like duration, course fee, top recruiters, etc.
|Course Name||CA Course OR Chartered Accountancy|
|CA Full-Form||Chartered Accountancy|
|CA Course Duration|
|Age Limit||No minimum or maximum age limit is set by ICAI to pursue the CA course.|
|CA Eligibility Criteria|
For Foundation Route
To be eligible to take the CA Foundation exam, a candidate must have completed their four months of required study time after registering as a CA and have passed the class 12 exam.
For Direct Entry Route
Following candidates can take direct admission to the CA Intermediate level:
|CA Course Fees|
|Average Annual Salary||INR 5 LPA - INR 20 LPA|
|Employment Roles||Accountant, Financial Manager, Banker, Taxation Consultant, Consultant and more|
Chartered Accountancy (CA) is a professional course in India that trains individuals to become expert financial advisors and auditors. Administered by the Institute of Chartered Accountants of India (ICAI), the CA course comprises three levels: Foundation, Intermediate, and Final. Students undergo practical training and must pass rigorous examinations at each stage. CAs play crucial roles in financial management, auditing, taxation, and business advisory services. Completing the CA course opens diverse career paths in public practice, corporate finance, consultancy, and more, making it a highly respected and sought-after qualification in the field of accounting and finance.
Chartered Accountants (CAs) in India enjoy a lucrative career path with a promising salary trajectory. The average annual salary for a CA in India ranges from Rs. 6,00,000 - Rs. 7,00,000 to Rs. 40,00,000 or more.
The salary of a CA depends on factors such as experience, industry, company, and location. Freshers with less than one year of experience can expect an average annual salary of Rs. 2,00,000 - Rs. 4,00,000, while those with 5-10 years of experience can earn Rs. 12,00,000 - Rs. 25,00,000 annually. CAs with 10-15 years of experience can command salaries of Rs. 25,00,000 - Rs. 40,00,000 or more.
The CA course's initial step is registration. Candidates must first be eligible before submitting the registration form. Check the eligibility criteria for each level of the Chartered Accountancy course:
To be eligible to sit the CA Foundation exam, the student must have earned at least a 50% grade in the Commerce stream of their class 12 or at least a 55% grade in the Science stream. However, candidates will only be able to give the CA Foundation exam only after registering with the Board of Studies and mandatorily studying for four months. Also, candidates are eligible to register for CA Foundation course after passing class 10th from a recognized school board in India or equivalent exam as recognized by the Central Government of India.
The CA Foundation route and the direct entry route are the two ways that students can sign up for CA Intermediate level. The eligibility criteria for CA Intermediate course for both the routes is as follows:
To enroll in the CA Final course, candidates must have passed both groups of the CA Intermediate exam with 40% in each subject and overall 50% at the Intermediate level of the course. Candidates must also have completed at least 2-2.5 years of articleship training during their CA Intermediate course.
To become a Chartered Accountant (CA), you need to develop a diverse set of skills that will help you excel in the field of accounting and finance. A few essential competencies needed to become a CA are as follows:
Strong Analytical Skills: CAs need to analyze complex financial data, identify trends, and draw meaningful conclusions. Strong analytical skills are crucial for decision-making and problem-solving.
Numerical Aptitude: Being comfortable with numbers and mathematical concepts is essential. CAs often deal with financial statements, budgets, and tax calculations, so numerical proficiency is a must.
Attention to Detail: Accuracy is paramount in accounting. CAs must pay meticulous attention to detail to ensure financial records are error-free and comply with regulations.
Ethical Integrity: CAs are held to high ethical standards. You must exhibit honesty, integrity, and a commitment to ethical conduct in financial reporting and decision-making.
Communication Skills: Effective communication is vital, both in written and verbal forms. CAs need to explain financial information to clients or colleagues, and they may be involved in presenting findings or recommendations.
Problem-Solving Ability: CAs encounter complex financial issues and regulatory challenges. The ability to identify problems and devise solutions is essential for success in this profession.
Time Management: Overseeing several projects and deadlines is a typical part of the job. Effective time management is crucial to meet reporting and filing deadlines.
Teamwork and Collaboration: CAs often work as part of a team, whether in a public accounting firm, a corporation, or consulting. Collaborative skills are important for effective teamwork.
Adaptability: The accounting and finance industry is subject to regulatory changes and evolving technology. CAs need to stay updated and adapt to new accounting standards and tools.
Technical Proficiency: Proficiency in accounting software and financial tools is important. CAs should be comfortable using software for tasks like data analysis, financial modeling, and auditing.
Leadership Skills: As you advance in your career, leadership abilities become important, especially if you're in a management or advisory role within a firm or organization.
Research Skills: CAs may need to research tax laws, financial regulations, or industry-specific practices. The ability to conduct thorough research is beneficial.
Risk Assessment: Evaluating financial risks and proposing risk mitigation strategies is part of the job. CAs need to assess and manage risks effectively.
Client Relationship Management: If you work in public accounting or advisory roles, building and maintaining strong client relationships is key to success.
Continuous Learning: The field of accounting is ever-evolving. CAs must commit to ongoing professional development to stay up-to-date with industry trends and regulations.
Developing and honing these skills, in addition to completing the educational and examination requirements of the CA course, will prepare you for a successful career as a Chartered Accountant.
Every candidate wants to know how long the course will take to complete it before enrolling. Students must successfully complete all three levels of the CA Course, which takes five years in total, including three years of articleship training, in order to become CAs. However, the entire Chartered Accountancy course takes three years to complete after graduation. Most CA aspirants are aware that the course entails three levels and the duration for each of them is mentioned in the table below:
|CA Course Levels||Duration|
|Practical Training||3 years|
The Chartered Accountancy (CA) course offered by the Institute of Chartered Accountants of India (ICAI) consists of three levels: the Foundation, Intermediate, and Final. Here's an overview of the syllabus and subjects at each level:
Principles and Practice of Accounting: Covers basic accounting principles, concepts, and practices used in financial accounting.
Business Laws and Business Correspondence and Reporting: Includes Business Laws which involves the study of various acts and laws governing businesses in India, and Business Correspondence and Reporting, focusing on developing communication skills and report writing.
Business Mathematics, Logical Reasoning, and Statistics: Covers mathematical concepts used in business, logical reasoning, and statistical methods applied in business scenarios.
Business Economics and Business and Commercial Knowledge: Focuses on understanding economic principles, business environment, and commercial knowledge related to accounting and finance.
Accounting: Advanced accounting principles, including partnership accounts, amalgamation, and valuation.
Corporate and Other Laws: Study of corporate laws, company laws, and other applicable laws governing businesses in India.
Cost and Management Accounting: Principles of costing, cost accounting systems, and management accounting techniques.
Taxation: This subject includes both direct and indirect taxation laws applicable in India.
5. Advanced Accounting: More advanced topics in accounting including consolidated financial statements and various accounting standards.
Auditing and Assurance: Covers principles and techniques of auditing, including types of audit and assurance engagements.
Enterprise Information Systems & Strategic Management: Focuses on information systems, IT, and strategic management in business.
Financial Management & Economics for Finance: Covers financial management techniques and principles, as well as economics as applied to finance.
Financial Reporting: Comprehensive coverage of accounting standards and financial reporting practices.
Strategic Financial Management: Advanced financial management, including financial policy, risk management, and security analysis.
Advanced Auditing and Professional Ethics: Detailed study of advanced auditing techniques and ethical considerations.
Corporate and Economic Laws: Study of corporate laws, economic laws, and other applicable laws relevant to business.
5. Strategic Cost Management and Performance Evaluation: Advanced cost management techniques and performance evaluation methods.
Elective Paper: Candidates can choose one elective paper from various specializations like Risk Management, International Taxation, Financial Services & Capital Markets, etc.
Direct Tax Laws and International Taxation: In-depth study of direct tax laws in India and international taxation.
Indirect Tax Laws: Study of indirect taxes applicable in India, including GST (Goods and Services Tax).
Selecting a Chartered Accountancy (CA) course can prove to be a fruitful choice for various reasons. The following are some main advantages of taking a CA course:
Diverse Career Opportunities: A CA qualification opens doors to a wide range of career opportunities in finance, accounting, auditing, taxation, and consulting. You can work in various sectors, including public accounting firms, corporate finance, government agencies, and more.
Prestigious Designation: Obtaining the title of chartered accountant is an esteemed accomplishment. It signifies a high level of expertise and knowledge in the field of accounting and finance, earning respect from employers and peers.
Global Recognition: The CA designation is recognized and respected internationally, allowing you to work and potentially gain employment opportunities in different countries. This global recognition can be especially valuable if you aspire to work in a multinational corporation or pursue an international career.
High Demand for CAs: Skilled accountants are in high demand worldwide. Companies and organizations require CAs to manage their finances, ensure compliance with financial regulations, and provide financial guidance. This demand for CAs often translates into job security and competitive salaries.
Entrepreneurial Opportunities: Many CAs choose to start their own accounting or consulting firms, offering services to businesses and individuals. Having a CA qualification can be advantageous when seeking clients and building a successful practice.
Constant Learning: The CA course is rigorous and requires continuous learning and professional development. This ensures that CAs stay up-to-date with the latest financial and accounting regulations and practices, enhancing their skills and expertise.
Financial Literacy: Through the CA course, you gain an in-depth understanding of financial matters, including tax planning, investment strategies, and risk management. This knowledge can be applied to your personal finances, helping you make informed decisions about investments, taxes, and retirement planning.
Ethical Standards: Chartered Accountants are held to high ethical standards, emphasizing integrity and transparency in financial reporting. This ethical foundation can help you build a reputation for trustworthiness and integrity in your career.
Opportunities for Specialization: Within the CA profession, you can choose to specialize in areas such as forensic accounting, management accounting, or international taxation. This allows you to tailor your career to your specific interests and strengths.
Lifelong Learning and Networking: Being part of the CA community means you have access to a network of professionals and ongoing opportunities for learning and development. Throughout your career, this network may prove to be beneficial.
In a nutshell, enrolling in a CA programme can be a wise career decision because it provides a wealth of professional possibilities, international recognition, and the chance to positively influence financial concerns across a range of industries. Although this path demands commitment and diligence, there can be significant benefits in terms of professional and personal development.
The steps listed below must be completed by students in order to become CA in India:
The CA course fee for the foundation, Intermediate, and final course levels is mentioned below:
|Fee Details||Fee (in INR)||Fee for Foreign Students (in USD)|
|Foundation Registration Fee||9000||700|
|Students’ Journal Subscription (for 1 year) - Optional||200||20|
|Members’ Journal Subscription (for 1 year) - Optional||400||40|
|Fee Details||Both Groups (in INR)||Both Groups (in USD)||Group I/ II (in INR)||Group I/ II (in USD)|
|Students’ Activities Fee||2000||2000 (to be paid only once)|
|Registration Fee (as Articled Assistant)||1000|
Note: In addition to the above fees, direct entry students must also pay INR 200 (about $20) for the prospectus.
|Fee Details||For Indian Students (in INR)||For Foreign Students (in USD)|
|Final Registration Cost (without article)||22,000||1100|
If a student meets the eligibility qualifications, they may register for the CA Course. Students must fill out the registration form on the ICAI website. Although the forms are accessible all year round, there are deadlines listed. The CA Foundation and Final Session enrollment cutoff dates are January 1 for the May attempt and July 1 for the November session. The deadline for the CA Intermediate May session is September 1, and the deadline for the November session is March 1.
The passing criteria for the CA Foundation, Intermediate, and Final exams are as follows:
It is important to note that the passing criteria mentioned above are based on the regulations set by the Institute of Chartered Accountants of the respective country or region. These criteria may vary slightly depending on the specific guidelines and policies of the accounting institute governing the CA course.
Here's a comparison of the CA course with some similar professional courses, including CS (Company Secretary), CMA (Cost and Management Accountant), CFA (Chartered Financial Analyst), and ACCA (Association of Chartered Certified Accountants):
|Professional Body||The Institute of Chartered Accountants of India (ICAI)||The Institute of Company Secretaries of India (ICSI)||The Institute of Cost Accountants of India (ICMAI)||CFA Institute||Association of Chartered Certified Accountants (ACCA)|
|Core Focus||Accounting, Auditing, Taxation||Corporate Governance, Legal Compliance||Cost Accounting, Financial Management||Investment Management, Portfolio Analysis||Financial Accounting, Management Accounting|
|Eligibility Criteria||10+2 or Graduation, CA Foundation (Entry Level)||10+2 or Graduation, CS Foundation (Entry Level)||10+2 or Graduation, CMA Foundation (Entry Level)||Bachelor's degree (in any discipline) and 4 years of qualified work experience or combination of education and experience||10+2 or Graduation (varies by country)|
|Number of Levels||Three - Foundation, Intermediate, and Final||Three - Foundation, Executive, and Professional||Three - Foundation, Intermediate, and Final||Three - Levels (Level I, II, III)||Four - Knowledge, Skills, Essentials, Options|
|Duration of Course||4.5 - 5 years (on average)||3 - 4 years (on average)||3 - 4 years (on average)||2 - 4 years (on average)||2 - 3 years (on average)|
|Exams & Passing Rate||Multiple exams with a varying pass rate (typically around 10-15%)||Multiple exams with varying pass rates (around 15-20%)||Multiple exams with varying pass rates (around 10-15%)||Three levels of exams with varying pass rates (Level I: ~40-45%, Level II: ~45-50%, Level III: ~55-60%)||Multiple exams with varying pass rates (around 30-40%)|
|Areas of Practice||Audit, Taxation, Accounting, Advisory, and more||Corporate Governance, Compliance, Secretarial Work||Cost Accounting, Financial Management, Audit||Investment Management, Financial Analysis, Portfolio Management||Financial Accounting, Management Accounting, Audit|
|Global Recognition||Recognized in many countries; strong presence in India||Recognized in India; limited international presence||Recognized in India; limited international presence||Globally recognized, strong presence in finance industry||Globally recognized, strong presence in accounting and finance industry|
|Career Opportunities||Diverse, including public accounting, corporate finance, government, consulting, and entrepreneurship||Corporate sector, legal compliance, corporate governance, and consulting||Cost accounting, financial management, audit, and advisory roles||Investment banking, portfolio management, financial analysis, and research||Financial accounting, management accounting, audit, and advisory roles|
Please note that the specific details and requirements for each course may vary by country and region. It's essential to research the specific qualifications and career opportunities in your area to make an informed decision.
We have made the job easy for you and have compiled a list of some of the best books for the CA preparation at all the three levels of the course listed below:
The following are a few of the top and most suggested books for the CA foundation:
The top books for CA Intermediate include the following:
The top recommended books for CA Final include the following:
After completing CA in India, you can pursue careers in diverse fields such as auditing, taxation, financial consulting, and corporate finance. You may work in public accounting firms, multinational corporations, government agencies, or as an independent practitioner.
In India, you can also become a Certified Public Accountant (CPA) or Company Secretary (CS) for additional career opportunities. Internationally, CA is highly respected, allowing you to work in global organizations, especially in the Middle East, the UK, Canada, and Australia. Abroad, you can explore roles in financial management, international taxation, or investment analysis, among others.
Here is a table showing approximate salary ranges for Chartered Accountants (CAs) in India across various job profiles:
Average Salary Range (per annum in Rs.)
|Fresh CA (Entry Level)||6,00,000 - 9,00,000|
|CA in Mid-Level Position||10,00,000 - 20,00,000|
|Financial Analyst||6,00,000 - 12,00,000|
|Tax Consultant/Tax Manager||8,00,000 - 18,00,000|
|Audit Manager||10,00,000 - 20,00,000|
|Finance Manager||12,00,000 - 25,00,000|
|Chief Financial Officer (CFO)||20,00,000 - 50,00,000+|
In India, Chartered Accountants (CAs) have a wide array of job opportunities across various sectors. Some of the common job roles for CAs in India include:
Audit and Assurance: CAs can work in audit firms or as internal auditors within organizations, examining financial statements, assessing financial controls, and ensuring compliance with regulations.
Taxation: CAs often specialize in taxation, working with companies or as independent consultants, providing tax planning, filing returns, and ensuring adherence to tax laws.
Financial Management: CAs play significant roles in financial management within companies, overseeing budgets, financial planning, and strategic decision-making.
Consulting: CAs provide consultancy services, advising businesses on financial strategies, risk management, mergers and acquisitions, and regulatory compliance.
Corporate Finance: They work in corporate finance departments, managing investments, analyzing financial data, and strategizing for growth and expansion.
Risk Management: CAs can work in risk management roles, evaluating financial risks and developing strategies to mitigate them.
Government Jobs: CAs can opt for roles in government organizations, including positions in regulatory bodies, taxation departments, and public accounting.
Academia and Training: Some CAs choose to become educators, teaching accountancy, finance, or related subjects in universities or as part of professional training programs.
Entrepreneurship: Many CAs become entrepreneurs, starting their accounting, consulting, or financial advisory firms, providing services to various clients.
Nonprofit and NGO Sector: CAs work in non-profit organizations, handling financial matters, ensuring compliance, and financial transparency.
Here are examples of companies and organizations that frequently recruit Chartered Accountants (CAs) in India and abroad:
Big Four Accounting Firms: Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), KPMG.
Financial Institutions: State Bank of India, ICICI Bank, HDFC Bank, Axis Bank.
Consulting Firms: McKinsey & Company, Boston Consulting Group (BCG), Bain & Company.
Corporate Sector: Tata Group, Reliance Industries, Aditya Birla Group, Larsen & Toubro.
IT Companies: Infosys, TCS (Tata Consultancy Services), Wipro.
Government Bodies: Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Income Tax Department.
Big Four Accounting Firms: Deloitte, PricewaterhouseCoopers (PwC), Ernst & Young (EY), KPMG (Global offices).
Multinational Corporations (MNCs): Apple, Microsoft, Google, Amazon.
Investment Banks: Goldman Sachs, J.P. Morgan, Morgan Stanley.
Consulting Firms: McKinsey & Company, BCG, Accenture.
International Organizations: United Nations (UN), World Bank, International Monetary Fund (IMF).
Financial Institutions: HSBC, Barclays, Deutsche Bank, Citibank.
These companies and organizations typically seek CAs for various roles in auditing, financial management, taxation, advisory services, and other specialized financial functions both in India and across the globe.
Here are some popular courses to pursue after CA, along with their benefits and target roles:
Benefits: Globally recognized credential, opens doors to investment banking, portfolio management, and financial analysis roles.
Target Roles: Investment Banker, Portfolio Manager, Financial Analyst
Benefits: Enhances expertise in risk management, particularly in financial institutions.
Target Roles: Risk Manager, Credit Risk Analyst, Market Risk Analyst
Benefits: Internationally recognized qualification, suitable for those seeking overseas opportunities.
Target Roles: Financial Accountant, Management Accountant, Auditor
Benefits: Specializes in information security and IT audit, catering to the growing demand for cybersecurity professionals.
Target Roles: Information Systems Auditor, IT Security Consultant, IT Risk Analyst
Benefits: U.S.-based accounting qualification, ideal for those seeking opportunities in the United States or multinational companies.
Target Roles: CPA, Tax Accountant, Auditor
Benefits: Combines accounting expertise with legal knowledge, suitable for those interested in corporate law or tax law.
Target Roles: Corporate Lawyer, Tax Lawyer, Legal Advisor
Benefits: Provides a comprehensive understanding of business management, enhances career prospects in leadership roles.
Target Roles: CEO, CFO, COO, General Manager
Benefits: Focuses on auditing IT systems and controls, catering to the growing demand for IT auditors.
Target Roles: IT Auditor, Information Security Auditor, IT Risk Manager
These courses offer diverse career paths and opportunities for CAs to expand their expertise and advance in their professional endeavors. The choice of course depends on individual career aspirations and interests.
Chartered Accountancy is the practice of overseeing an organization's financial affairs including planning, Accounts management, auditing, taxation, and corporate strategy. A chartered accountant differs from a regular accountant in that the latter has gone through years of extensive training and has passed multiple exams in a range of accounting-related subjects to earn the title of chartered accountant.
India has begun to undergo reformation from some of the best businesses. Many financial managers and Chartered Accountants are needed to manage the enormous accounts and auditing of big companies. Some people continue to believe that only the BIG 4 companies give their employees good salaries, but this is untrue. The highest-paid CAs in India are listed below. Many people's dream job is to work for one of these organizations since they give employees the chance to fully explore who they are.
For those enrolling after Class 12th (via the CPT Route), the Chartered Accountancy Course must be completed within 4.5 - 5 years. For those enrolling under the Direct Entry Scheme after graduation, the Chartered Accountancy Course must be completed within 3 years.
Candidates who have completed their graduation/ post graduation from Commerce stream with a minimum aggregate marks of 55% and non commerce candidates who have completed their graduation/ post graduation with a minimum aggregate marks of 60% or above can directly enroll themselves for the CA Intermediate course level to pursue the course.
The course fees for the Chartered Accountancy (CA) course varies at different levels and it is as follows:
Candidates can start the CA course enrollment process either after completing 12th or graduation/ post graduation. The Chartered Accountancy (CA) course is divided into 3 levels and candidates must clear all the three levels along with mandatory 3 years of Articleship training.
A student may register for the Common Proficiency Test if they have passed the class 10 examination administered by an examination body established by law in India (or an examination recognised by the Central Government as equal thereto). However, candidates can only register for the CA Foundation course level after completing class 12th or equivalent from a recognized school board in India.
The average yearly pay for chartered accountants in India is INR 6.3 lakhs, with salaries ranging from INR 5 lakhs to INR 14.5 lakhs. Salary projections are based on the 9600 most recent salaries Chartered Accountants in India have submitted to ambitionbox.com.
Yes, you can pursue CA after completing 12th. Candidates who have passed 12th can enroll themselves to the Foundation course level. Candidates enrolling in the course must ensure that they have a total of 5 years to devote to the course as it takes 4.5 - 5 years to complete the CA course after 12th.
Once you successfully complete your CA course and become a certified Chartered Accountant, you will have a plethora of work opportunities at your doorstep. CAs can offer their services in private sectors, public sectors, or can start their own CA firms to earn good money. Chartered Accountants enjoy one of the highest paid average annual salaries in India ranging between INR 5,00,000 - INR 13,00,000.
There are numerous government employment available for qualified chartered accountants. Following CA, positions in the government include treasury manager, accountant, manager, auditor, etc. several public sector organizations, including public sector banks, rural regional banks, life insurance firms of India, etc.
No, you cannot complete the CA course in 2 years. If you join the course after 12th, you will be able to complete the course in 4.5 - 5 years and if you join the course after graduation/ post graduation/ CS Executive/ CMA Intermediate level passed then you will be able to complete the course in at least 3 years of duration.
To pass each level of the CA, students must receive at least 40% on each paper and more than 50% in each group of the CA course levels.
Every company or organization that registers under the Companies Act has a CA appointed who oversees Financial Reporting, Tax Consulting, Accounting Services, Auditing & Assurance, and Accountants & Finance Outsourcing. For a CA, there are many job options both in the present and in future. CAs play a pivotal role in maintaining the financial balance of any firm and there are even more startups that will go large in the near future requiring CAs to handle the finances, therefore, future growth projections indicate that by 2025, demand for Chartered Accountants (CAs) will increase manifolds.
Yes, interested candidates may join CA course online classes provided by various institutions across India. The CA online sessions cover each and every topic that is mandated by the ICAI approved syllabus. All the lessons, lectures, tips, training, tutorials, etc. are provided to students who sign up for CA online classes on an encrypted pen drive or google drive. The facility of online live lectures is also provided by quite a few training institutes in the country.
The ICAI new scheme 2023 has introduced changes in the number of papers available at each level of the CA course and the duration of the Articleship is also altered. The CA new course will come into effect from May 2024. As per the new scheme, there will be 4 papers in the Foundation level, 6 papers (3 in each group) in the Intermediate and Final level of the course. The articles will now be able to complete the articleship in only 2 years.
The CA New Scheme 2023 states that in order to be eligible to start the articleship training, students must successfully complete both the ICITSS training and the CA Intermediate group exams. The student will benefit from the adjustment because it allows them to totally focus on their practical training without having to worry about exam preparation.
Chartered accountants are professionals who work in a range of economic sectors, managing the finances of a business, offering financial counsel, and assisting with money management. A chartered accountant’s services are not just limited to a firm, it could also include persons and the government.
The articleship training is an indispensable part of a CA training, which enhances the whole learning process. The CA articleship/practical training period lasts three years. Candidates must spend their first two years working for an active CA. Candidates have two options for the third year: they can either continue under a practicing CA or take industrial training under a CA in employment.
Yes, chartered accountants are a very crucial part of any big organization. A chartered accountant helps in managing company’s budgets, conduct financial audits, analyze risks, provide financial advice, and perform other such vital activities that help organizations become more efficient and profitable, thus, they are paid very well. A CA in India with minimum 3-4 years of experience can earn as high as INR 14,00,000 to INR 30,00,000.
To increase your chances of working abroad and earn a handsome salary despite a lesser amount of work experience, candidates can pursue the following advanced courses mentioned below after the completion of their CA course.
The total cost of completing a CA course in India is as follows:
From the information above, we can conclude that the total cost of completing the CA course from India will be around INR 44,800 - INR 49,800.
The full form of CA is Chartered Accountancy. CA is also used for the career title Chartered Accountant.
A Commerce degree is generally required for pursuing CA. Aspirants from other streams can also study CA.
Preparing for the CA exams on the first try requires careful preparation, oversight, and guidance. Thoroughly researching every subject is crucial. Before starting a new topic, review earlier ones. Three complete curriculum reviews before the exam can boost performance. Use the internet for educational purposes only. Establish and follow a strict plan, allotting equal weight to all subjects, and include mock exams, rest periods, and practicing with previous year's question papers. Theoretical subjects require frequent revision. Taking notes and making minor suggestions during study helps make revision easier. Quick notes of key lectures facilitate efficient revision and make quick revisions simpler.
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 exam. Apart from that, an aspirant who has successfully completed a four-week Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) is also eligible for the exam.