Rohit Dubey

Chartered Accountancy: The Course as a ladder to the corporate world

by Rohit Dubey
1 answer
| Share :

1 answer

RE: Chartered Accountancy: The Course as a ladder to the corporate world

Jayanta Ghosh
Jayanta Ghosh
Verified Career Expert
Chief Mentor at Waymark Learning Solutions LLP
  • Kolkata

Chartered Accountant is one of the renowned job profiles, in the field of accountancy. Chartered Accountants are extraordinary people wherever they work, they make changes. They are talented as well as ambitious so they are in demand too. So if you are looking for great business career prospects, respect and financial rewards then becoming a CA is good start. The Institute of Chartered Accountants of India (ICAI) regulates the Chartered Accountancy course and Profession in India. A candidate interested in CA course either get registered in Head office (New Delhi) or in any Regional offices across the country. So now we are going to discuss Chartered Accountant exams, essential qualifications and other prospects. Any 10th passed, 12th passed or equivalent and Graduate students in any stream can register for CA course.

 

For any Confusion Regarding Career Paths – Take here: Psychometric Career Tests including Ideal Career Test


CA course comprises 4 levels:

  1. CPT - Common Proficiency Test
  2. IPCC/IPCE - Integrated Professional Competence Course
  3. Training under a Practicing CA/ Three-year Articleship
  4. CA Final

 

For 10th passed Students:

A candidate can register for CPT (Common Proficiency Test) with the board of studies. After passing 10th examination, a candidate has to enroll with Institute of Chartered Accountant of India (ICAI) for Common Proficiency Course (CPC).

For 12th passed/ Equivalent Students:

After completing 10+2 candidate have to appear for qualify for Common Proficiency Test (CPT). CPT exam is held throughout twice in a year in the month of June/ December. In the CPT exam, 35 candidates are passed out of 100 candidates. Once candidate cleared CPT exam, is eligible to register for Integrated Professional Competence Course (IPCC) duration of 9 months. After the duration of 9-month course candidate would be eligible for IPCC exams. IPCC exam is held twice a year in the month of May and November.

     Before starting 3-year Articleship training candidates have to complete the 100 hours Information Technology Training course (ITT) and 35-hour Orientation Course after qualifying IPCC exam. Out of every 100 candidates who appears for IPCC exam only approx 10% candidates cleared the exam. Candidates have to register as an Articleship Assistant for a period of three years under practicing CA. During last 6 months of 3 years, training program candidates have to appear for CA Final exams. CA Final exams are held twice in a year in the month of May and November. On clearing the CA Final exams candidates have to complete 15 days General Management and Communication Skills training; GMCS-I and GMCS-II. Only 5% candidates are able to clear both training course in 1st attempt out of 100 candidates.

After successful completion of the training course candidates are awarded by Chartered Accountancy Degree by Institute of Chartered Accountants of India (ICAI).

 

For Graduate Students:

Candidates who want to register for The CA course after graduation are exempted from CPT exams and can directly start their Articleship program and register for IPCC exams. The minimum percentage required for graduate candidates in the graduation exam are 60% and for candidates having Commerce is 55%. The rest are the steps are same as mentioned above.

CA Course Syllabus:

We can divide the whole syllabus into four steps:

Step-1: Common Proficiency Test (CPT) - Contains only one paper with 2 sessions.

Session- I

  • Section A: Fundamentals of Accounting
  • Section B: Mercantile Laws

 

Session- I

  • Section C: General Economics
  • Section D: Quantitative Aptitude

 

Step-2: Integrated Professional Competence Course (IPCC)

Group-1

  • Paper-1: Accounting
  • Paper-2: Business Laws, Ethics and Communication
  • Paper-3: Cost Accounting & Financial management
  • Paper-4: Taxation

 

Group-2

  • Paper-5: Advanced accounting
  • Paper-6: Auditing and Assurance
  • Paper-7: IT and Strategic Management

 

Step-3: Training Course

  • Paper-1: Accounting
  • Paper-2: Business Laws, Ethics & Communication
  • Paper-3: Cost Accounting & Financial management
  • Paper-4: Taxation

Step 4: CA Final

  • Paper-1: Financial Reporting
  • Paper-2: Strategic and Financial Management
  • Paper-3: Advanced Auditing & Professional Ethics
  • Paper-4: Corporate Allied Laws and Ethics
  • Paper-5: Advanced Management Accounting & IT
  • Paper-6: Information Systems Control and Audit
  • Paper-7: Direct Tax Laws
  • Paper-8: Indirect Tax laws

Important Notes:

  • There is no maximum duration for CA
  • Minimum duration of CA course for 10+2 passed students is 4.5 years
  • Minimum duration of CA course for graduate students is 3 years
  • Do regularly check the website for latest updates.

For further queries and related information, you can approach the Professional Experts at CareerGuide. Hope this will help you!

RE: Chartered Accountancy: The Course as a ladder to the corporate world

This topic is now closed. New replies are no longer allowed.
Latest ANSWERS

iam confusing in picking up of course after my btech i want to know which course suits me pg diploma or m.s

Hi Shakee!Go for B-tech in CS. After pursuing B-Tech in computer science, you can be able to appear in following exams to design your career fruitful. .. read more

i have competed my class 12 non-med ...i want to go abroad

Please take help from the following blog - Scholarships to Study Abroad! .. read more

i am confused between comers and arts

Any option you opt, you might have a bright career in both. With the greatest opportunity such as UGC NET Exam, you can pursue your career as a Lectur .. read more

I have recently completed my graduation in BCA.But I am not confident about my programming skill, so I am not sure about MCA. I am intrested in M.Des, but confused in which Dicipline. I want to go For such a dicipline related to BCA.Please help me.

Hi Siddhartha!You must go for MCA and thereafter you can appear in UGC NET Computer Science Exam and become either an Assistant Professor or Researche .. read more
Most Popular

Which are the best colleges for interior designing in India?

In India, there are so many colleges for Architecture and Interior Design. Here I am  listing some top colleges,• National Institute of Desi .. read more

If I do post graduation (M.Sc./M.S.) in Physics, what kind of jobs can I get both in India and abroad?

Hi, After doing Post-Graduation you are eligible to appear in various entrance exams. If you are interested in research and teaching field you can sta .. read more

How much marks i need in neet 2017 to get bhms

266 marks Catagory - SC Rajasthan    .. read more

Hello Sir my self hemant Lakhotia.I want to take ur presious advise about forensic science

BSc Forensic Science is the program deals with theoretical and practical background in all the areas of criminalistics which demonstrates proficiencie .. read more
Caching Date: 8/20/2017 3:09:09 PM