Everything to know about Chartered Accountancy (CA)

India

03 May 2019

#CareerBytes: Important things to know about Chartered Accountancy (CA)

In India, Chartered Accountancy (CA) is one of the most sought-after professional courses.

The Institute of Chartered Accountants of India (ICAI) provides the three-level CA program comprising Foundation, Intermediate, and Final courses.

Though the career path for becoming a CA is considered challenging, it is a very promising career.

Here are some important things every aspirant should know about Chartered Accountancy.

Eligibility

Who is eligible to pursue the CA course?

Who is eligible to pursue the CA course?

The minimum eligibility to pursue the CA course is 10+2 examination (or equivalent) from any recognized education board.

After completing 10+2, the students can enroll for the entry-level CA Foundation course. Then, after completing four months of Study Period they need to register to appear for the Foundation Course Examination.

Those who have passed 10+2 in any stream are eligible for Chartered Accountancy.

Stages, Duration

Different stages and duration of the CA program

Like mentioned above, after 12th, one needs to register for Foundation Course (4 months' study period) and then pursue BCom (simultaneously) and enroll for the Intermediate Course (8 months' study period).

Next, they need to pursue Articleship (3 years) and then clear the Final exam. The duration after 10+2 is about 4.5 years.

However, after completing graduation, one can directly enroll for CA Intermediate.

Love India news?

Stay updated with the latest happenings.

Yes, notify Me

What is the CA success rate?

Chartered Accountancy is considered one of the most difficult programs not only in the country but also the world. Clearing the various stages of CA and qualifying in the Final exam is very tough. The average passing percentage of the CA program is just 0.5%.

Career prospects

Career prospects of Chartered Accountants

Career prospects of Chartered Accountants

Chartered Accountants (CAs) are involved in various roles. They have a wide range of job options with companies; they can also practice privately. CAs are involved in cost auditing, accounting, statutory auditing, tax-auditing, banking, etc.

They are responsible for an organization's core accounting work. CAs analyze financial risk factors, look after taxation and auditing, and design an efficient financial system for an organization.

What is the salary of CAs?

Like mentioned above, CAs deal with accounting, banking, taxation, law, audit, finance, etc. Their salary also depends on the type of job they are doing. However, the average salary offered to a fresher CA is up to Rs. 6.5 lakh per annum.

Share this timeline

CA

Career After 12th

Career Bytes

Career Options

Chartered Accountancy

Chartered Accountant

India

Institute of Chartered Accountants of India (ICAI)

BC

CA Foundation

CA Intermediate

CareerBytes

Chartered Accountants

Foundation Course Examination

ICAI

Institute

Institute of Chartered Accountants of India

Intermediate Course

Study Period

Share this timeline

Ask NewsBytes
User Image

Most asked questions

I have completed BCom, can I register for CA?

How much time required to complete CA after graduation?

Can Class 12 Science students join CA?

When should a class 12th student register for CA entrance?

What does a CA do?

What are some good YouTube Channels for CA Foundation?

More questions

I have completed BCom, can I register for CA?

Asked 2019-05-04 18:06:09 by Ashwin Sharma

Answered by NewsBytes

Yes, you can register for Chartered Accountancy after BCom. After completing graduation, one can directly enroll for CA Intermediate, bypassing the Foundation stage.

How much time required to complete CA after graduation?

Asked 2019-05-04 08:28:21 by Biswadeep Gorai

Answered by NewsBytes

The minimum duration of the Chartered Accountancy (CA) program for someone joining after completing graduation (i.e. through the Direct Entry Scheme) is 3 years.

Can Class 12 Science students join CA?

Asked 2019-05-03 13:08:41 by Arnav Pawar

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, the commerce background will prove to be a plus point. But there are no restrictions on students from any stream for joining the CA course.

When should a class 12th student register for CA entrance?

Asked 2019-05-03 13:08:41 by Surabhi Khan

Answered by NewsBytes

A class 12th student can register for CA entrance after his/her completion of graduation. To prepare for the CA exam, you should follow these steps (1) Read the syllabus carefully and categorize your topics which you have to cover first, (2) Refer to only one or two reference book as too many will create confusion, (3) Solve as many mocks as possible.

What does a CA do?

Asked 2019-05-03 13:08:41 by Navya Kadam

Answered by NewsBytes

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

What are some good YouTube Channels for CA Foundation?

Asked 2019-05-03 13:08:41 by Abhinav Gavde

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.

Next Timeline