Chartered Accountancy (CA) is one of the most sought-after and toughest professional courses in the country.
The Institute of Chartered Accountants of India (ICAI) provides the three-level CA program comprising Foundation, Intermediate, and Final courses.
However, many people have a lot of misconceptions about Chartered Accountancy.
Here are some of the most commonly believed myths around Chartered Accountancy.
CA is an extremely tough course to pursue
One of the most common myths around the CA course is that it's extremely tough due to which many are discouraged from pursuing it.
However, the truth is that CA is one of the toughest courses; one can crack the CA exams with the right preparation and hard work.
One needs to work in the right direction and thoroughly understand the fundamental CA concepts.
#2: Aspirants must study for 16 hours every day
Another common myth about CA is that an aspirant must study for at least 16 hours a day in order to be able to clear the CA exams. However, one should give more preference to the quality of study rather than the number of hours.
Graduation is required; only commerce students can pursue CA
Many people have another misconception that Chartered Accountancy can be pursued only after graduation. However, one can register with ICAI to pursue the course after completing 10+2 or equivalent.
Also, there is another myth around the CA course that only commerce stream students can become CAs. But students of any study stream can pursue the CA course.
#4: CA is all about numbers
Many people also have a misconception that Chartered Accounts is all about numbers. Though numbers are an important aspect, CA also requires a broad skill set. CAs need to have a good understanding of business, great expertise in finance-related subjects, and good technical skills.