Some common myths about Chartered Accountancy

India

30 Apr 2019

#CareerBytes: Busting some commonly believed myths around Chartered Accountancy (CA)

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.

#1

CA is an extremely tough course to pursue

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.

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#3

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.

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Most asked questions

Can we go for CA after B.com?

Can I crack CA exams only by self study???

Which are the top 10 best coaching calsses for CA in Mumbai

Who is eligible for CA course? Can Science students join?

What are the stages of CA after Class 12?

What does a CA do?

What are some good YouTube Channels for CA Foundation?

More questions

Can we go for CA after B.com?

Asked 2019-04-30 17:58:57 by Rajesh Agarwal

Answered by NewsBytes

Yes, you can opt for direct entry scheme. As per the ICAI direct entry scheme, candidates who have done graduation with specified percentage of marks can get an exemption from the CPT exam and can directly appear for the IPCC exam. The exempted candidates are those who have secured an aggregate of 55% in graduation or post-graduation in Commerce stream from a recognized university.

Can I crack CA exams only by self study???

Asked 2019-04-30 12:29:08 by Sakshi Tyagi

Answered by NewsBytes

Yes, you can. You can follow these YouTube channels useful for CA Foundation (1) CA Foundation Classes, (2) Sudhir Sachdeva, (3) Foundation Learning, and (4) VSI Jaipur. You can follow these tips to prepare for the CA Foundation (1) Prepare a timetable, (2) Focus on Logical Reasoning and Statistics, (3) Solve model test papers, and (4) Study for 8-9 hours per day.

Which are the top 10 best coaching calsses for CA in Mumbai

Asked 2019-04-30 11:19:04 by ronit shah

Answered by NewsBytes

The best institutes for CA coaching across India are (1)Chanakya Academy for Management and Professional Studies, (2)PREPRight, (3)Academy of Commerce, (4)Yeshas Academy, and (5)Edmiron.

Who is eligible for CA course? Can Science students join?

Asked 2019-04-30 02:17:45 by Pranav Rangan

Answered by NewsBytes

Any student can apply for CA course. Even if you are a science student till Class 12 or if you are a science graduate, you can still apply for CA. However, commerce background will prove to be a plus point. But there are no restrictions on students from any stream for joining CA course.

What are the stages of CA after Class 12?

Asked 2019-04-30 02:17:45 by Shreya Mukopadhyay

Answered by NewsBytes

After Class 12, students can enroll for Foundation course and register by June/December-end to pass the November/May examination to qualify for Intermediate, followed by article training, Final, article-ship, and then finally ICAI membership.

What does a CA do?

Asked 2019-04-30 02:17:45 by Surabhi Rao

Answered by NewsBytes

Chartered Accountants provide financial advice, maintain financial records, conduct audits, etc.

What are some good YouTube Channels for CA Foundation?

Asked 2019-04-30 02:17:45 by Shreya Kadam

Answered by NewsBytes

There are many YouTube Channels for CA Foundation candidates. Some of the useful channels include: (1) CA Foundation Classes, (2) Sudhir Sachdeva, (3) Foundation Learning, and (4) VSI Jaipur.

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