What is a CA?
A CA, or Chartered Accountant, is a professional who helps companies with budget auditing, tax management, and developing sound business strategies. Today, Chartered Accountants are considered to have a very important role, as they help maintain balanced financial records and provide valuable insights into business and finance-related problems.
Those who aspire to become Chartered Accountants often go on to become financial advisors in various companies, and young people can fulfill their dreams by becoming Chartered Accountants.
Duration of the Chartered Accountant Course
The Chartered Accountant course can be pursued after completing 12th grade or after graduation. The duration depends on your ability to learn and grasp the concepts. If you want to pursue the Chartered Accountant course after 12th grade, it will take approximately 5 years, and if you pursue it after graduation, it will take approximately 4.5 years.
Process to Become a Chartered Accountant (CA)
The process of becoming a Chartered Accountant is somewhat lengthy, which may discourage some young people, but with dedication, you can definitely pass the exams and complete the course.
The Chartered Accountant examination is conducted in three stages: Foundation, Intermediate, and Final Exam. If you pass all three exams, you can become a CA, or Chartered Accountant. You will have to go through the following steps:
If you want to become a Chartered Accountant (CA), you first need to register for the CA Foundation exam.
After passing the CA Foundation exam, you can register for the CA Intermediate exam. If you pass these exams, you have to apply for a CA articleship, after which you can undergo training while passing the exams under various groups.
After completing all these stages, you can register for the CA Final exam, and then you will have to prepare for and clear the CA Final exam to become a Chartered Accountant.
To become a Chartered Accountant (CA), you mainly have to take exams in three stages, which we are explaining in detail below.
Chartered Accountant (CA) Foundation Course
This is the first step in the race to become a Chartered Accountant (CA), where you have to register for the Chartered Accountant Foundation Course. For this, you must have passed your 12th examination with Commerce subjects. Once you register for the Chartered Accountant Foundation Course, you get a validity of 3 years to appear for this exam. You can take the Chartered Accountant Foundation Course exam within this period. If you fail to pass this course within 3 years, you will have to register again for the Foundation Course. You are given a total of 4 months for this process, within which you have to pass the Foundation exam.
The Foundation Course consists of four papers, each carrying 100 marks and a duration of 3 hours.
Chartered Accountant (CA) Intermediate Course
After completing the Chartered Accountant (CA) Foundation Course, you have to register for the Intermediate Course. You are given a separate time period for this, within which you can appear for the Intermediate exam and move forward. This course consists of 8 papers, which are divided into two groups. As soon as you register for the Intermediate Course, you get a validity of 4 years within which you have to pass the Chartered Accountant Intermediate examination.
If you are appearing for the Chartered Accountant Intermediate examination, you have to give 8 papers, which are divided into two groups. Each paper carries 100 marks, and you have to score well to move forward successfully.
Chartered Accountant (CA) Articleship
This is the final stage in the Chartered Accountant (CA) examination, where you get the opportunity for articleship after completing the Intermediate examination. Under this, you are given practical training for a period of 3 years, and this practical training is completed within these 3 years. After this, you have to appear for the final Chartered Accountant examination. The Articleship final exam consists of 8 papers, divided into two parts. It covers topics such as financial reporting, strategy, financial management, corporate and related laws, direct tax, indirect tax, advanced management accounting, and information systems control.
You are initially given 3 years of training, and after completing this training, you must take the final exam within 6 months. You have a maximum of 5 years to complete the entire process.
Types of Fees for Becoming a Chartered Accountant (CA)
As we have already told you, if you want to become a Chartered Accountant (CA), you have to pass the examination in three stages. Similarly, you also have to pay the fees in three stages.
First, when you register for the Foundation Course, you have to pay a fee of approximately ₹9800. After that, when you register for the Chartered Accountant Intermediate level, you have to pay a fee of approximately ₹27,200. Finally, when you want to appear for the CA Final examination, you have to pay a fee of at least ₹32,200.
Special Eligibility Criteria for CA or Chartered Accountant
If you want to become a Chartered Accountant (CA), this is a golden opportunity for you, but for this, you must have passed your 12th standard with Commerce as a subject with at least 50% marks.
If a candidate has not studied Commerce, then they must have passed their 12th standard with 55% marks.
In addition, if there is any candidate who wants to pursue Chartered Accountancy after graduation, then they must have obtained 60% marks in their 12th standard.
Career Options After Becoming a Chartered Accountant (CA)
If you have passed the Chartered Accountant examination, you can build your future in many other fields.
In the banking sector
In financial institutions
In the insurance sector
In the consultancy sector
In Chartered Accountant firms
In investment banking
In government and non-government sectors
In business process management companies
There is a huge demand for Chartered Accountants in all these sectors. Therefore, if you definitely want to move forward in this profession, all these career options are available to you, through which you can certainly guide your future in the right direction. Various Institutes for Becoming a Chartered Accountant (CA) in India
Today, we are telling you about some of the main institutes in India for becoming a Chartered Accountant, through which you can also find a better option.
Agarwal Classes, Pune, Maharashtra
Academy of Commerce, New Delhi
Yeshas Academy, Bangalore
Pearl CA College, Kochi, Kerala
AT Academy, Mumbai, Maharashtra
Vidyasagar Career Institute Limited, Jaipur
Chanakya Academy for Manageent and Professional Studies, Hyderabad
Salary After Becoming a Chartered Accountant (CA)
Becoming a Chartered Accountant (CA) is a very demanding job that requires true dedication and hard work. If you become a Chartered Accountant, you can easily get an annual package of ₹5,00,000 to ₹8,00,000. As you gain experience and move forward in your career, and people start liking your work, your annual income can reach ₹20,00,000 to ₹25,00,000.
High Demand for Chartered Accountants (CA) in Multinational Companies
If you have completed the Chartered Accountant (CA) course, we would like to tell you that there is a very high demand for Chartered Accountants in multinational companies today. Therefore, if you have completed this course properly, you can get better opportunities through these companies, which can quickly boost your career graph. Vacancies for Chartered Accountants are released every year, and you can also advance your career by applying for them.
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