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