Table of Contents
What is CA?
Chartered Accountancy CA course and exams in India are offered by “The Institute of Chartered Accountants of India” (ICAI). The ICAI was established by an Act of Parliament at the year of 1949. The institute functions under the administrative control of Ministry of Corporate Affairs (MCA) in Government of India.
CA is a professional qualification and highly regarded in the field of accounts and finance. CA’s are in high demand for almost every business for corporate auditing, taxation, accounting, and other legal counsel.
Chartered Accountants with their education, training and experience are best qualified to provide multiple services to the society and also in matters relating to corporate taxation, costing, management, financial reporting, company legislation, auditing, statutory procedures, and budgetary policies.
If you are concerned about great prospects, financial stability, professionalism, reputed degree, significant knowledge base in finance and accounts then CA is a perfect profession to start with.
Being a Chartered Accountant is one of the top professions to build a career in accountancy, finance and business. A Chartered Accountant is an essential part of a business and finishing this course will make you learn all of these aspects. CA’s can work independently as an auditor or can also work in companies in the financial and/ or accounting role.
Chartered Accountant Meaning
Chartered Accountant is a professional with a membership of Institute of Chartered Accountants of India which can be obtained after clearing multiple levels of examinations and minimum 3 years of practical experience in the office of a practising chartered accountant.
Chartered Accountant (CA) Course Details
The Institute of Chartered Accountants of India (ICAI) has recently revised the curriculum to make aspirants more competitive worldwide. The revised scheme of Education and Training for the CA Foundation Course came into effect from 1st July 2017.
Chartered Accountancy (CA) Levels
- CA Foundation.
- CA Intermediate.
- CA Final.
Chartered Accountant (CA) Exam
The CA exam will be held in May and November every year. The course is not new but revised. Besides, the Foundation exam will be both descriptive and objective. Under the new scheme, a student must achieve 40% in all the subjects and 50% marks in aggregate.
Chartered Accountant (CA) Eligibility
There are two options to pursue a Chartered Accountancy (CA) course.
Foundation Entry
If a person opts to pursue a Chartered Accountancy course after 12th standard they can directly register for the Foundation or CPT course through Foundation Entry option.
Direct Entry
If a person opts to pursue a Chartered Accountancy course after graduation or the students who cleared the Intermediate level of the Institute of Cost and Management Accountants of India (ICMAI) or The Institute of Company Secretaries of India. (ICSI), they can directly register for the Intermediate course through Direct Entry option.
Steps to become a CA
Given below are the steps required to become a Chartered Accountant.
- The first step is to clear the CA Foundation (previously called as Common Proficiency Test – CPT). You can register for this with ICAI after completing your 10th or Senior Secondary but you are only eligible to write the exams once you clear your 12th or HSC exams.
a. The CA Foundation is exempt if you are already a commerce graduate with a minimum of 55% marks
b. It is also exempt for non-commerce graduates with a minimum of 60% marks
- The second step is to enrol for the CA Intermediate (previously called as Integrated Professional Competency Course – IPCC)
a. Students need to undergo an orientation program, 100 hours of Information technology training and 8 months of studying (called foundation course)
b. Students can then appear for Group 1 and /or Group 2 examinations of the CA Inter
c. They also need to complete the General Management and Communication Skills course – Part 1.
d. Once they clear Group 1 and 2 exams, they are eligible for a 3-year articleship with a firm
- The third step is to enrol for the CA Final exams
a. The exam can be attempted when 6 months of articleship are remaining.
b. Students also need to complete Advance Information Technology Training and General Management and Communication Skills – Part II, if not completed earlier, before the final exam
- The fourth step is to Acquire Chartered Accountant Membership.
a. After completing all the exams and three years of articleship training, successful candidates may acquire ICAI membership.
b. You can get the membership by registering with the ICAI, after that you will be eligible to use the title of “Chartered Accountant”.
Chartered Accountant qualification is highly regarded among all the professional certifications across industries.
Road map to become a CA
Chartered Accountant Syllabus
Chartered Accountant Papers
To become a CA, you need to clear 20 papers across CA Foundation, CA Inter and CA Final Levels. If you join CA Inter as a Direct Entry after getting commerce degree, then you need to clear 16 subjects across CA Inter and CA Final Levels to become a Chartered Accountant.
Chartered Accountant Course Duration
CA Exams are conducted in May and November every year. Usually, it takes around 4 to 5 years to become a Chartered Accountant. Once you complete all 3 levels and Articleship (3 years) you can become a member of ICAI.
CA Foundation Syllabus
CA (Chartered Accountancy) course is conducted by the ICAI (Institute of Chartered Accountants of India). This is the first stage for students who want to become a CA after finishing 12th. The course was revised in 2017 and the revised syllabus is as follows.
CA Foundation has 4 papers
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
Paper 3 & Paper 4 are objective type papers.
Note:
- Passing percentage – Aggregate of 50% for each level and Subject-wise – 40% at each paper.
- Examination – In November and May after passing Class XII
CA Inter / CA Intermediate Syllabus
The CA Inter / CA Intermediate is the second level at becoming a CA. These exams are also conducted by the ICAI.
CA Inter has 8 papers which are split into two groups
CA Inter Group 1 papers
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
CA Inter Group 2 papers
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
CA Final Syllabus
This is the third level in becoming a CA (Chartered Accountancy) and these exams are also conducted by the ICAI ( Institute of Chartered Accountants of India).
There are eight papers in CA Final from 2016. Changes in CA Final course from below.
CA Final has 8 papers which are split into two groups
CA Final Group 1 papers
Paper 1: Financial Reporting
Paper 2: Strategic Financial Management
Paper 3: Advanced Auditing and Professional Ethics
Paper 4: Corporate Laws and other Economic Laws
CA Final Group 2 papers
Paper 5: Strategic Cost Management and Performance Evaluation
Paper 6: Elective Paper (One of the Elective Papers to be chosen by the candidates)
CA Final Elective Papers
- Risk Management
- International Taxation
- Economic Laws
- Financial Services & Capital Markets
- Global Financial Reporting Standards
- Multi-disciplinary Case Study
Paper 7: Direct Tax Laws & International Taxation
Part I: Direct Tax Laws
Part II: International Taxation
Paper 8: Advanced Indirect Tax Laws
CA Final Examination criteria and details
- Orientation program – 100 hours of information technology training and eight months of studying is called foundation course which is mandatory.
- Then you can appear for Group 1 and 2 examinations of the CA Intermediate / Inter.
- It’s mandatory to complete the IT training orientation course.
- Once the Group 1 and 2 exam is cleared, then you are eligible for a three-year article ship with a firm.
- After clearing CA Intermediate / Inter is the final CA exams
- CA Final exams can be attempted when six months of article ship is remaining
- Completion of Advance Information Technology Training and General Management and Communication Skills – Part II before the final exam is mandatory.
- CA Final course is primarily done by self-study or with the help of CA training center in Chennai. The CA Foundation course and the CA Intermediate / Inter exams can be done while pursuing a graduate degree, but article ship is done as full-time jobs.
Chartered Accountant Salary
The average salary for a Chartered Accountant professional is about ₹ 8.48 Lakh per year. And the highest salary awarded recently was ₹ 24.64 Lakh per year.
Role of Chartered Accountant (CA)
- To act as an accountant to maintain the proper books which portray the right and fair view.
- To provide information reports to management.
- To act as a statutory auditor
- To provide financial advice
- To act as a service provider to assist in share registration and arbitration
- To act as an internal auditor
- To act as a tax consultant
- To act as a management consultant
Chartered Accountant Jobs
Chartered accountancy is a professional course which offers a lot of career options and opportunities with the best salary in hand. Below describe career options.
- GST Service Providers
- Chief Accountant
- Chief Financial Officer (CFO)
- Chief Manager- Internal Audits
- Head –Training
- Lecturer/Professor
- Chief Manager – Management Audits
- Chief Manager- System
- Advisor to the Government
- CA can choose to start up their independent practice.
- They can also apply for the job of a chartered accountant in an existing firm.
- They can also give their services to the capital market.
- A Chartered Accountant can apply for a government job or public sector or private sector.
- The CA plays an important role in the firm in taking quick financial decisions and profit decisions for the firm.
Chartered Accountant (CA) Registration Fees
CA Foundation Registration Fees
Candidate has to register by payment of the fees as per the below chart.
Sl. No. |
Details of Fee |
Rupees |
|---|---|---|
|
1
|
Cost of Foundation Prospectus (Compulsory)
|
200
|
|
2
|
CA Foundation Registration Fees(Compulsory)
|
9,000
|
|
3
|
CA Foundation Subscription fees for Student’s Journal(Optional)
|
200
|
|
4
|
CA Foundation subscription fees for Member’s Journal(Optional)
|
400
|
|
|
Total
|
9,800
|
CA Inter / CA Intermediate Registration Fees
Candidates through Foundation Route can opt for registration for Group I or Group II or Both Groups of Intermediate while Direct Entry Route candidates have to register for both the groups only. * To be paid once.
Sl. No. |
Details of Fee |
Rupees Both Group |
Rupees Group 1 or Group 2 |
|---|---|---|---|
|
1
|
CA Intermediate Registration Fees
|
15000
|
11000
|
|
2
|
Student’s Activity Fees for CA Intermediate
|
2000
|
2000*
|
|
3
|
CA Intermediate Registration Fees as an Article Assistant
|
1000
|
|
|
|
Total
|
18000
|
13000
|
CA Final Registration Fees
A student after passing out both the groups of Intermediate / IPCC can register for the CA Final Course. The total Registration fee for CA Final is Rs. 22,000.
CA FAQ
Where to study Chartered Accountant Course in Chennai?
You can enrol with Stride Edutech to become a Chartered Accountant either by attending our Offline classes in Chennai or taking up our Online Live Interactive Classes.
What is the Chartered Accountant Salary per month?
The average salary for a Chartered Accountant professional is about ₹ 8.48 Lakh per year.
How to become a Chartered Accountant after 10th?
You are eligible to register for CA Foundation exam after completing 10th standard. But you are eligible write the CA Foundation exam only after clearing the 12th standard exams.
How to pursue Chartered Accountant Course after Graduation?
Commerce Graduates with minimum of 55% marks and Non-commerce graduates with minimum of 60% marks are exempt from CA Foundation exam and can directly write CA Inter exam. After finishing 3 years Articleship and CA Final exam, you will be eligible to become a member of ICAI.
What is the highest Chartered Accountant Salary in India?
The highest salary awarded recently was ₹ 24.64 Lakh per year.
Who conducts the Chartered Accountant Course in India?
The Institute of Chartered Accountants of India conducts the Chartered Accountant exams and awards membership to candidates after obtaining necessary qualification.
How to apply for Chartered Accountant course in India?
You can apply for CA exams at https://icaiexam.icai.org/ by clicking New User Registration. If you are looking for guidance on how to apply or register for CA Exams please call us at +91 8939 488 288 and we will help you register.
What is the number of Chartered Accountants in India?
There are more than 2.7 Lakh Chartered Accountants in India.
