Get CollegeDekho
Mobile App
 Live Help
 0141-3990699
Login
Signup
Institutes
Courses & Exams
News & Articles
Harish Gowda
Asked this 1 month, 1 week ago
Student / Alumni
CA course
Can anyone tell me about CA? Whether completing this course is helpful for me or not?
Tags: Banking / Finance / Accounts / Commerce
Jayita Ekka
Answer written 1 month, 1 week ago
CollegeDekho Expert

Dear student,

Chartered Accountancy involves Auditing, Taxation, Accounting and Financial Planning. The course is conducted by the Institute of Chartered Accountants of India ICAI), which has its headquarters in New Delhi.

Chartered Accountancy (CA) is a long course that you can complete over a period of time. You need to go through a Foundation, an Intermediate and a final CA course for becoming a Chartered Accountant. And you can go to the next level only after scoring a minimum of 50% marks in every exam. Traditionally, you should have enrolled for CPT after finishing with your Class 10 and attended the Common Proficiency Course (CPC). 


Anyways, here are a few steps that you need to follow to become a Chartered Accountant in India:

 

  • First, you should register with the Board of Studies at the Institute of Chartered Accountants of India (ICAI) for the Common Proficiency Test (CPT). Please note that you will need to register at least 60 days prior to appearing for the exam
  • Once you clear the CPT exam, you will need to register for IPCC stage. This has 2 groups (for which you will need to complete nine months of course study. This is followed by an orientation course is for one week with thirty-five hours credit). After this, you will need to complete Hundred hours of Information Technology Training (ITT). Please note, you need to clear both to be eligible for the next stage
  • Next, register for the Final Stage of CA course
  • After you clear the IPCC, you will need to get through Articleship with any CA. Again, you will have to register yourself as an Article Assistant with any CA in India.

Upon successfully completing all this, you will be a registered CA. 

Career prospects of chartered accountancy are very high. Candidates holding CA inter-qualification are paid somewhere between Rs 7,500 and 15,000 depending on the type of firm. For CA Final (FCA): Starting salaries range from Rs 12,000 to 30,000 depending on the type of firm and nature of the economy. A full-fledged CA can expect a salary between Rs 30,000 to 75,000 after serving a stint of more than 5 years at a top firm.

The entire process from Foundation, Intermediate & final CA course can take you many years to complete, basis your aptitude. So if you are willing to invest so many years into pursuing CA course, then go ahead, as the returns are huge. Along with it, you may look at pursuing other options like MBA or CS that meets your career aspirations. 

Good luck!

1 Answer
1 Expert