Chartered Accountant course. About, Eligibility Criteria, Admission Process,Career and salary

Chartered Accountant course. About, Eligibility Criteria, Admission Process,Career and salary.



Chartered accountant is one of the best course in the field of commerce. Candidate who are persuing or completed their class twelve with commerce and worried about future what to do after twelve so these articles will helpful for them. In these articles we are going to discuss about the Chartered accountant course information to our viewers.


What is Chartered accountant CA.


Chartered accountant is the accounting professional who qualified exam which are conducted by government bodies and certificate of CA are given to them and authority also, to take care of the matters related accounting and taxation of a business, like file tax returns, audit financial statements and business practices, maintaining records of investments, preparing and reviewing financial reports and documents. 
Candidate can also offer advisory service to client.
Chartered accountant course are jobs oriented after completing these candidate can open their own business or can do jobs in many companies at one time as CA of that companies.
There are three stage exam which are conducted by Institute Of Chartered Accountants Of India ICAI for the certificate of CA.
Candidate can do such courses either foundation course route or direct entry route.
For foundation course route, candidate can apply after class 12th and for Direct Entry route, candidate can apply after graduation.


Eligibility Criteria.


For Foundation course route.

Candidate must be passed class 12th and also must be completed their four months of studies period from Board of studies to appear in the foundation exam.

For Direct Entry route.

Candidate must be passed graduation or post graduation with at least 55% marks with commerce but for graduation or post graduation with other streams with 60% marks  from recognised university.


Intermediate level passed candidate of Institution of Company Secretaries of India (ICSI) and Institution of Cost Accountant of India (ICAI).


Admission process. 

In India, ICAI conducted CA exam in three level.

Examinations conducted are:

  • Common Proficiency Test (CPT)
  • Intermediate (Integrated Professional Competence) Examination
  • Final Examination



For Foundation course route.


  • Register with Board of Studies (BoS) after appearing in or clearing Class XII examination.
  • Complete four months study period (bi-annual registration: till 30th June / 31st Dec.)
  • Appear for Foundation examination in November/May.
  • Qualify Foundation Course
  • Register with the BoS for the Intermediate Course
  • Complete 8 months of study course
  • Appear and pass in either or both groups of Intermediate Course
  • Successfully complete Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) any time after registering for Intermediate Course but before commencement of the Practical Training
  • Register for Three Years Practical Training on passing either or both the Groups of Intermediate Course
  • Register for the Final Course after qualifying both the Groups of Intermediate Course
  • Successfully complete Four Weeks Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of Practical Training but before appearing for Final Examination
  • Appear in Final examination during last six months of practical training
  • Complete Practical Training
  • Qualify both groups of Final Course
  • Become a member


For direct Entry route.



  • Graduates can pursue Chartered Accountancy course through Direct Route entry.
  • In this entry route, Graduates/Post Graduates from Commerce stream with at least 55% aggregate or equivalent score can apply. However, they must have studied Accounting, Auditing, Mercantile Laws, Corporate Laws, Economics, Management (including Financial Management), Taxation (including Direct Tax Laws and Indirect Tax Laws), Costing, Business Administration or Management Accounting or similar to the title of these papers with different nomenclatures.
  • Graduates/Post Graduates from non-commerce must have secured in aggregate a minimum of 60% of the total marks or its equivalent grade in the examination conducted by any recognized University (including Open University).
  • Direct Route entry is also open to candidates who have passed Intermediate level examination conducted by The Institute of Cost Accountants of India or by The Institute of Company Secretaries of India. Such candidates are exempted from qualifying Foundation and can register directly to Intermediate Course.
  • Candidates in their final year of Graduation can also register for the Intermediate Course on a provisional basis. Registration of such candidates would be regularized only on submission of final year mark-sheet or passing certificate within six months from the date of appearance in the final year graduation examination and on successful completion of ICITSS (Orientation Course and Information Technology). During the provisional registration period, a candidate can undergo and complete ICITSS (Orientation Course and Information Technology).
  • Register with the BOS for the Intermediate course
  • Successfully complete Four Weeks ICITSS before the commencement of the Practical Training
  • Register for Three Years Practical Training
  • Appear in Intermediate examination after nine months of Practical Training
  • Qualify Intermediate Course
  • Register for the Final Course after qualifying both groups of Intermediate Course
  • Successfully complete Four Weeks AICITSS during the last two years of Practical Training but before appearing for Final examination
  • Appear in Final examination during last six months of practical training
  • Complete practical training
  • Qualify both groups of Final Course
  • Become a member.



Paper in all three stage .

Foundation level.


Paper 1 
Principles and Practice of Accounting

Paper 2 

Business Laws & Business Correspondence and Reporting.

Section A:Business Laws

Section B:Business Correspondence and Reporting

Paper 3

Business Mathematics and Logical Reasoning & Statistics


Part 1: Business Mathematics and Logical Reasoning

Part 2: Statistics


Paper 4

Business Economics & Business and Commercial Knowledge

 

Part 1: Business Economics

Part 2: Business and Commercial Knowledge


Skill Assessment Foundation Course.



No

Paper Level I 
Comprehensive
&Knowledge
Level II 
Application
1 Principles and Practice of Accounting 5%-20% 80%-95%
2A Business Laws 50%-65% 35%-50%
2B Business Correspondence and Reporting 100% -
3 Business Correspondence and Reporting - 100%
4I Business Economics 40%-50% 50%-60%
4II

Business and Commercial Knowledge 100% -




Papers of Intermediate Course





Group  paper Name 
1

Paper 1: Accounting

Paper 2: Corporate and other Laws
Part 1: Company Law

Part 2: Other Laws

Paper 3: Cost and Management Accounting

Paper 4: Taxation

Section A: Income Tax Law

Section B: Indirect Taxes

2

Paper 5: Advanced Accounting

Paper 6: Auditing and Assurance

Paper 7: Enterprise Information Systems & Strategic Management

Section A: Enterprise Information Systems

Section B: Strategic Management

Paper 8: Financial Management and Economics for Finance

Section A: Financial Management

Section B: Economics for Finance



Skill Assessment Intermediate Course – marking scheme



No. Paper Level I 
Comprehensive
&Knowledge
Level II 
Application
1. Accounting 5%-15% 85%-95%
2. Part I: Company Law 40%-55% 45%-60%
3. Part II: Other Laws 35%-55% 45%-65%
4. Cost and Management Accounting 20%-30% 70%-80%
5 Income-tax law 5%-20% 80%-95%
6 Indirect Taxes 20%-45% 55%-80%
7 Advanced Accounting 5%-15% 85%-95%
8 Auditing and Assurance 30%-55% 45%-70%
9 Enterprise Information Systems 40%-65% 35%-60%
10 Strategic Management 50%-70% 30%-50%
11 Financial Management 20%-30% 70%-80%
12 Economics for Finance 60%-80% 20%-40%



Papers for Final Course



Group Paper Name
1.

Paper 1: Financial Reporting

Paper 2: Strategic Financial Management

Paper 3: Advanced Auditing and Professional Ethics

Paper 4: Corporate and Economic Laws

Part I: Corporate Laws

Part II: Economic Laws

2.

Paper 5: Strategic Cost Management and Performance Evaluation

Paper 6: Elective Paper

List of Elective Papers:

6A Risk Management

6B Financial Services and Capital Markets

6C International Taxation

6D Economic Laws
6E Global Financial Reporting Standards

6F Multi-disciplinary Case Study

Paper 7:

Direct Tax Laws & International Taxation

Part 1:

Direct Tax Laws

Part 2: International Taxation

Paper 8: Indirect Tax Laws

Part 1: Goods and Services Tax

Part 2: Customs and FTP







Skill Assessment Final Course – marking scheme




No. Paper Level I 
Comprehensive
&Knowledge
Level II 
Application
1. Financial Reporting 5%-15% 55%-85%
2. Strategic Financial Management 10%-20% 20%-40%
3. Advanced Auditing and Professional Ethics 15%-25% 40%-70%
4.

Corporate & Economic Laws

Part I: Corporate Law

15%-25% 40%-55%
1. Part II: Economic Laws 30%-50% 50%-70%
2. Strategic Cost Management and Performance Evaluation 10%-15% 45%-55%

Direct Tax Laws & International Taxation

Part I: Direct Tax Laws

5%-10% 55%-75%
4. Part II: International Taxation 40%-50% 50%-60%
1.

Indirect Tax Laws

Part I: Goods and Services Tax

10%-30% 40%-70%
2. Part II: Customs & FTP 20%-40% 40%-70%





Careers.


After qualifing such exam Candidate can open own business and can also do jobs in many companies and good salary are offer by such companies to Chartered accountant.

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