Chartered Accountancy (CA)

Updated By Diksha Nautiyal on 22 Sep, 2020

Average Duration
3 years-56 months
Average Fee
28 K-2.6 L INR annual
Exams Accepted
CA CPT
Study Mode
Part-time

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.

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. Although the Chartered Accountancy course duration is almost 5 years, it can take more time than that if candidates take more than one attempt to clear the exams.

Chartered Accountancy professionals are required across various business organisations in India be it private or public. A qualified CA is hired to deal with the account details, tax dues, and investments of an organisation. CA also assists in solving disputes and avoiding bankruptcy.

Chartered Accountant (CA) Course Highlights:

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

Course NameChartered Accountant
Short NameCA
Minimum Eligibility10+2 with 50%
Average Starting Salary    INR 5 LPA to INR 6 LPA
Top Recruiting CompaniesE&Y, KPMG, Deloitte, PwC, Morgan Stanley, Axis Bank

 

Chartered Accountancy (CA) Eligibility Criteria

  • Min. Qualification Required: 10+2
  • Min. Marks Required (Aggregate): 55%

CA Selection and Structure:

Following are the three levels of the CA certification:

  • CPT (Common Proficiency Test)
  • IPCC (Integrated Professional Competence Course)
  • FC (Final course)

1. Requirement for Accounting Technician Course (ATC):

  • The first step in the career path of a CA is to appear for the Chartered Accountant CPT and then enroll for the ATC. This can be done after clearing 10+2
  • Those candidates who have cleared the Entrance Examination or Professional Education (Examination-I) or Foundation Examination can register directly for ATC.
  • Candidates who had applied for Intermediate/ Intermediate (Professional Competence) programme/ Professional Education (Course-II) prior to this can also register for ATC.

2. Apply for IPCC:

  • Candidates should have secured at least 100 out of 200 marks in CPT after class 12 if they want to register for IPCC programme.
  • Registration for IPCC must be done nine months prior to the first day of the month in which the exam will be held.
  • The course consists of 7 subjects, each comprising 100 marks. In order to clear the course, candidates will have to score at least 40 marks in every subject with an aggregate of 50% or above.
  • Scoring 60 marks and above in any subject will exempt you from reappearing for that particular subject in case you fail the course and plan to give the exams again.

3. Articleship in CA:

After clearing the IPCC, an internship of 3 years under a certified CA is mandatory for all candidates. The articleship is to gain practical perspective in the field of accountancy.

4. Final Course:

During the last six months of the 3-year articleship, candidates can appear for the final course exams. After clearing the final course, candidates are awarded the designation of Chartered Accountant.

Chartered Accountancy (CA) Syllabus

CPT (Common Proficiency Test):

Paper No.

Name of the Subject

Parts of Subject

Paper 1

Principles and Practices of Accounting

Paper 2

Business Law & Business Correspondence and Reporting

  • Section A: Business Law
  • Section B: Business Correspondence and Reporting

Paper 3

Business Mathematics and Logical Reasoning & Statistics

  • Part I: Business Mathematics and Logical Reasoning
  • Part II: Statistics

Paper 4

Business Economics & Business and Commercial Knowledge

  • Part I: Business Economics
  • Part II: Business and Commercial Knowledge

 

IPCC (Integrated Professional Competence Course):

Paper No.

Name of the Subject

Parts of Subject

Paper 1

Accounting

Paper 2

Corporate Laws & Other Laws

  • Part I: Corporate Laws
  • Part II: Other Laws

Paper 3

Cost and Management Accounting

 

Paper 4

Taxation

  • Section A: Income Tax Law
  • Section B: Indirect Tax Laws

Paper 5

Advanced Accounting

Paper 6

Auditing and Assurance

Paper 7

Enterprise Information System & Strategic Management

  • Section A: Enterprise Information System
  • Section B: Strategic Management

Paper 8

Financial Management & Economics for Finance

  • Section A: Financial Management
  • Section B: Economics for Finance

 

FC (Final Course):

Paper No.

Name of the Subject

Parts of Subject

Paper 1

Financial Reporting

Paper 2

Strategic Financial Management

Paper 3

Advanced Auditing and Professional Ethics

Paper 4

Corporate Laws and other Economic Laws

Paper 5

Strategic Cost Management and Performance Evaluation

Paper 6

Elective Paper

Paper 7

Direct Tax Laws

  • Part I: Direct Tax Laws
  • Part II: International Taxation

Paper 8

Advanced Indirect Tax Laws

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Chartered Accountancy (CA)?

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.

The average starting salary of a CA varies from Rs. 4 to 6 lakh per annum after completing the final course. However, the salary varies according to the job profile of the candidate and the organization that has offered the job. Experienced CAs make up to Rs 20 lakh per annum or even more after completing the programme.

Top Recruiting Companies for Chartered Accountants

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

  • PwC
  • KPMG
  • Deloitte
  • E&Y
  • BDO
  • Citi Bank
  • Morgan Stanley
  • Axis Bank
  • HDFC Bank
  • Standard Chartered

 

Questions Related to Chartered Accountancy (CA) Course

After class 12th how many years does it takes to complete CA course.

-ShifanaUpdated on November 17, 2020 01:14 PM
  • 1 Answer
Rahul Raj, Student / Alumni

Dear Student,

It takes 5 years to complete to Chartered Accountants (CA) course. To know the detailed information about the ...

READ MORE...

I want to become a Chartered accountant. Please provide me with all the detailed information

-raeesUpdated on November 08, 2020 02:26 PM
  • 1 Answer
Rahul Raj, Student / Alumni

Dear Student,

All detailed information of Chartered Accountancy (CA) is explained in the article mentioned below:-

Chartered Accountant: Course Details ...

READ MORE...

Is ACCA course is available?

-Damnpreet kaurUpdated on July 06, 2020 11:48 AM
  • 1 Answer
Jayita Ekka, CollegeDekho Expert

Dear student,

ACCA stands for ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS in India. ACCA is a professional body for this qualification. It has members ...

READ MORE...

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FAQs about Chartered Accountancy (CA)

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

Delhi University Science , Delhi University Arts , Chartered Accountant - Common Proficiency Test are some of the exams that you can appear for to get admission in Chartered Accountancy (CA) courses.

What are the top colleges offering Chartered Accountancy (CA) courses ?

Following are some of the top colleges offering Commerce and Banking courses : K. J. Somaiya College of Arts and Commerce (Mumbai) , Mount Carmel College (Bangalore) , Symbiosis College of Arts and Commerce (Pune) , Narsee Monjee college of Commerce and Economics (Mumbai) , Maharani Lakshmi Ammanni College for Women (Bangalore). You can explore these colleges on our website to check if they offer Chartered Accountancy (CA) or not.

What is the average fee for the course Chartered Accountancy (CA) ?

The average fee for Chartered Accountancy (CA) is INR 30,000 per year.

What are the popular specializations related to Chartered Accountancy (CA) ?

Some of the popular specializations for C.A. (Chartered Accountant) are : Corporate Secretaryship , Accounting , CFA CPA CIMA , CA , Commerce.

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

Chartered Accountancy (CA) is a 5 year course.

Get details of best colleges for CA.