As you know that today there are hundreds of career options available in our country, for which we can prepare yourselves and make a good career in it. In this article, I will tell you, What is a Chartered Accountant? Qualification of CA, Salary of CA? CA or Chartered Accountant will try to give Job Opportunities and much more information related to Chartered Accountant.
If you are currently in school and want to become a Chartered Accountant (CA) later or you want to make your career in the sector, then Chartered Accountant can be a better option for you, by doing this course You can create a good future, today there is a lot of potential in this sector. Many people want to take a course, but due to lack of information, many people move to another line. In this post, you will get all the information related to the Chartered Accountant.
What is CA? How to become a Chartered Accountant? First of all, You need to know about What is CA? CA is a course, and also a person” when someone studies it, it is a course, while after studying it, the person starts doing a job. It is called CA Accounting Sector is a degree, which is done after passing 12th or after graduating from Commerce, Nowadays even the art people have started doing CA.
It is not so easy to make a CA in India, but it is not too hard if you study intelligently, then no one can stop you from becoming a better CA.
Full form of CA
The full form of CA is Chartered Accountant. It is a professional course after which people become professionals in this sector and give financial advice to people. Business accountants work to provide information related to tax, and this is the work of CA. It also works as a professional for the company.
How to Become a Chartered Accountant?
You have to clear 3 exams. CPT (Entrance Exam), IPCC (Intermediate Exam) and Final CA Exam.
CA is Chartered Accountant is a very prestigious Career in our country, The Institute of Chartered Accountant of India – ICAI is a Governing Body, which conducts Examination Conduct of CA, final exam clear from this Institue Student’s who get a good job in the industry as a Qualified CA. You have to clear 3 exams to do the CA, CPT, IPCC and CA Final Exam.
What is the Common Proficiency Test (CPT)?
Making a Career in CA starts with the Common Proficiency Test (CPT), after passing it, the student can cross the First Stage of their target and reach the Second Stage. It includes 4 Subjects like Accounting, Mercantile Law, General Economics and Quantitative Aptitude.
Integrated Professional Competence Course (IPCC) (Second Examination)
This includes Accounting, Business and Company Law, Ethics and Communication, Cost Accounting and Financial Management, Tax, Advance Accounting, IT and Strategic Management etc. For this, The candidates get 09 months of Preparation, after clearing the IPCC exam, the candidates or students have to work as an intern under a CA before the student is eligible for the final exam for 3rd years. This internship has done.
How to do Preparation for CA?
After passing 12th in Commerce from any Recognized Board, anyone can become a Career in Students CA, many times students start their career to participate in the CA race even after Graduation, but for a long duration of CA Course Reason. The right time to start CA is after 12th Pass, for preparing for CA, students should first get a stronghold in Accounting.
Chartered Accountant Job Opportunities
By becoming a Chartered Accountant or CA, You can be a Finance Manager, Account Manager, Financial Business Analyst, Auditing, Internal Auditing, Managing Directors, CEO Finance Director, Financial Controller, Chief Accountant, Chief Internal Audit Auditor in Finance Account and Tax Department in Companies Abroad.
Eligibility for Chartered Accountant Entrance Exam
Chartered Accountant Qualification: For this, you should have passed at least 12th Class. Only then you can do this course. You can do registration even after passing 10th, but you will have to pass 12th to sit in the exam (CPT). Students of Arts, Science stream. Can also give this exam, many people give it too, but for those who do Commerce, it is the best career option.
There is no need for any% for CA exam, just should you pass 12th.
Can I do CA after B.Com?
CA can be done after B.Com, but according to experts, the best way to do CA is only after passing 12th. If you wish, you can do CA course after B.Com.
CA Course Step-By-Step
1. First register for the Foundation Course Examination, which is done after passing the 10th.
2. After that clear the foundation course test. It consists of four papers which are given below.
CA Foundation Course Exam Syllabus
First Paper: Principal and practices of Accounting (100 Marks)
Paper Second (A): Business Mathematics (60 Marks)
Paper Second (A): Statistics (40 Marks)
Paper Third (A): Mercantile Law (60 Marks)
Paper Third (B): General English (40 Marks)
Paper Fourth: Business Economics (60 Marks)
Paper Fouth (B): Business and Commercial Knowledge (40 Marks)
3. Then sit and clear the Common Proficiency Test (CPT) Exam.
4. After that, sit and clear the Integrated Professional Competence Course (IPCC) Exam.
Direct Entry Route for CA Course
There is also a Direct Entry Route to do, through which, Graduate and Post Graduate Degree holders can take entry in Direct CA Course. If you are a Graduate with 55% from Commerce, or Graduation or Post Graduation from another Subject, then with 60% marks, you can apply directly for the Second Step, i.e. Intermediate Course. You do not need to apply for the foundation course
IPPC Exam Paper: Group 1 & Group 2 In this, you have to give total 8 papers.
Group: 1
First Paper: Accounting (100 Marks)
Second Paper: Corporate Laws and other laws (100 Marks)
Third Paper: Cost and Management Accounting (100 Marks)
Fourth Paper: Taxation (100 Marks)
Group: 2
Five Paper: Advanced Accounting (100 Marks)
Sixth Paper: Auditing and Assurance (100 Marks)
Seventh Paper: Information and Strategic Management (100 Marks)
Eight Paper: Financial Management & Economics (100 Marks)
To pass all these Exams, You need 40% marks in every minimum subject.
5. Now apply for CA article ship
6. Now clear the CA final course,
In this too, these examinations are done in Group 1 and Group 2, CA is made only after clearing it.
Group 1 Paper:
Paper 1: Financial reporting
Paper 2: Strategic Financial Management
Paper 3: Advanced Auditing and Professional Ethics
Paper 4: Corporate and Allied Laws
Group 2 Paper:
Paper 5: Advanced Management Accounting
Paper 6: Information Systems Control and Audit
Paper 7: Direct Tax Laws
Paper 8: Indirect Tax Laws
After clearing all these Examinations of CA, you will have to register yourself in ICAI company like a Chartered Accountant, only then you will be called a CA. After that, you can easily work in any companies like a CA, and you can get a good salary. ICAI conducts the exam every year in June and Dec.
Some questions related to the CA Course that you may have in your mind?
Q#1. When do foundation course exams take place?
Ans: The foundation course examinations occur twice every year, one in May and one in November.
Q#2. IPCC of CA and when is the final exam?
Ans: IPCC and Final exam are also held 2 times a year in May and Nov.
Q#3. Can Students CA Course in Arts?
Ans: Yes, Student can apply for CA Exam of any stream.
Q#4 How much % Marks is required to become a CA after 12th?
Ans: No % is required to sit in this exam, only 12th Pass is required.
Q#5. How long is the CA course?
Ans: CA Total is 4 Years 6 Month Course.
Q#6. Starting Monthly salary of CA?
Ans: Starting Monthly salary of CA is 5-7 lakhs. The average salary of Chartered Accountants in India ranges from 5-7 lakhs to 30 lakhs. International packages are even higher, ranging up to 75 lakhs.
