Chartered accountant 2022-2023
CHARTERED ACCOUNTANT MEANING/ INTRODUCTION :
Chartered Accountancy is a course that is considered to be among the highest paying professions. The students interested in the course of CA can find all the details about it in this article.
Chartered Accountant is a designation that is given to a professional of accounting who has received certification from a statutory body that states he/ she possesses the necessary qualifications to take care of the matters related to accounting and taxation of a business.
Chartered Accountant Exam / Course Details :
CA exams that a student has to give in order to receive the designation of a CA are given below. Only when the candidate has qualified for all these exams is he/ she considered a Chartered Accountant and gets authenticated as the same.
The exams of CA are:
- CPT (Common Proficiency Test)
- IPCC (Integrated Professional Competence Course)
- FC (Final course)
Chartered Accountant qualification / Eligibility:
- Candidates are eligible for Chartered Accountant CPT ( The Common Proficiency Test )registration after class 10 but they will be able to appear for it only after passing class 12.
- Students of commerce, science as well as arts stream can apply for CPT.
- Students of Commerce stream need to secure 50% aggregate marks in Class 12 exams in order to be eligible for CPT.
- Students of all other streams need to score an aggregate of 55% excluding Mathematics and 60% including Mathematics in Class 12 board exams.
- On clearing the CPT exam successfully, candidates become the member of Indian Chartered Accountants Institute (ICAI) – the exam and course conducting body for all CAs in India.
Chartered Accountant Salary in India, and Jobs Availability:
The sky is the limit for those who are searching for jobs as a Chartered accountant.
A chartered accountant is in great demand within auditing firms, banks, finance companies, stockbroking firms, legal firms, etc. Salary options are not bright during articleship( Internship) but candidates can expect a good salary after completing the course. There is no limit for work as a charted accountant
The average starting salary of a CA varies from Rs. 4 to 6 lakh per annum after completing the final course. The salary of a CA depends on the city and company he/ she gets employed with
Chartered Accountant Syllabus:
The course of Chartered Accountancy is divided into three major parts. The three parts of CA are the Foundation Level, the Intermediate Level, and the Final Level. The course content of all the three parts of CA differs from each other. Find the CA curriculum for all the levels in the tables given below.
CA Foundation Course:
|Paper 1||Principles and Practice of Accounting||–|
|Paper 2||Business Laws and Business Correspondence and Reporting||
Section A: Business Laws
Section B: Business Correspondence and Reporting
|Paper 3||Business Mathematics and Logical Reasoning and Statistics||Part 1: Business Mathematics and Logical Reasoning
Part 2: Statistics
|Paper 4||Business Economics and Business and Commercial Knowledge||
Part 1: Business Economics
Part 2: Business and Commercial Knowledge
CA Intermediate Paper Groups
|Group 1||Paper 1: Accounting
Paper 2: Corporate and other Laws (Part 1- Company Law, Part 2- Other Laws)
Paper 3: Cost and Management Accounting
Paper 4: Taxation (Section A- Income Tax Laws, Section B- Indirect Taxes)
|Group 2||Paper 5: Advanced Accounting
Paper 6: Auditing and Assurance
(Section A- Enterprise Information Systems, Section B- Strategic Management)
(Section A- Financial Management, Section B- Economics for Finance)
CA Final Course Papers
|Group 1||Paper 1: Financial Reporting
Paper 2: Strategic Financial Management
Paper 3: Advanced Auditing & Professional Ethics
Paper 4: Corporate & Economic Laws (Part 1- Corporate Laws, Part 2- Economic Laws)
|Group II||Paper 5: Strategic Cost Management & Performance Evaluation
Paper 6: Elective Paper
List of all Elective Papers:
6A- Risk Management
6B- Financial Services & Capital Markets
6C- International Taxation
6D- Economic Laws
6F- Multi-disciplinary Case Study
Paper 7: Direct Tax Laws & International Taxation (Part 1- Direct Tax Laws, Part 2- International Taxation)
Paper 8: Indirect Tax Laws (Part 1- Goods & Services Tax, Part 2- Customs & FTP)
What is the eligibility for CA?
What is the eligibility minimum of 55% score is required for graduates/post graduates in commerce whereas other graduates or postgraduates require a minimum of 60% to apply for CA. Candidates need to register 9 months prior to the exam and then complete 100 hours of Information Technology Training for CA
How many years is the CA course?
It is only after qualifying all three levels that the candidate will be given the designation of a CA. The ICAI is a statutory body that is responsible for regulating and maintaining the profession of chartered accountancy in India. The course of Chartered Accountancy is completed in roughly five year
Is CA better than an MBA?
CA is an inexpensive course on its own and it seems especially pocket-friendly when compared to an MBA course. A CA course in India has an incredibly higher RoI factor. MBA is an expensive degree in general and an MBA in Finance course can set you back anywhere from Rs. 3 – 10 lakhs in 2 years
Chartered Accountancy (CA) Syllabus
|Paper No.||Name of the Subject|
|Paper 1||Principles and Practices of Accounting|
|Paper 2||Business Law & Business Correspondence and Reporting|
|Paper 3||Business Mathematics and Logical Reasoning & Statistics|
|Paper 4||Business Economics & Business and Commercial Knowledge|