Complete Information on CA Course – How To Become a CA ?

CA Course : Chartered accountancy is one of the respectable and challenging career. It’s a good option for higher education in india. A chartered accountant deals with financial management and carries out the financial audits. There is a lot of evergreen demand for this CA course, if you go with proper planning and stronger determination you will finish this CA course by the age of 21 to 22 years. In India the chartered accountancy course is conducted by ICAI. A chartered accountant is a member of ICAI. Let see the eligibility and admission.

Complete information on CS Course

Students with science, arts and commerce background can take the admission in to CA Course. After the completion of 12th standard, students can take in to CA programme through CPT (Common Proficiency test). Through this test any 12th completed student can enter in to the CA Course. Most of the education institutions are preparing their commerce students for the CPT test in 11th and 12th standard itself. Cut off marks for the CPT test is 50% and non commerce students can apply for this CPT. The course details of CA if you see it takes 6 years after 10th and 4 years after 12th to complete this ca course

Stages of CA Course :

There are four stages in CA Course

1.CPT (Common Proficiency Test)
2.IPCC (Integrated Professional Competence Course)
3.Article ship – 3 years
4.CA Final

1.CA Course CPT (Common Proficiency Test) :

CPT is a inter level foundation course, it will be conducted yearly twice i.e in the month of June and December. For CPT four subjects will be there 1.accounts 2.merchantile law 3. economics 4. mathematics and marks all together will be for 200 marks. Multiple choice questions will be given. In every subject 30 % is the cut off marks and all together more than 100 marks must be scored by the candidates i.e 50 %. Be careful for every wrong answer in CPT exam carries 0.25 negative mark. This is about CPT.

2.CA Course IPCC (Integrated Professional Competence Course)

Once if you clear CPT exam then you need to write IPCC Exam. The IPCC has two groups it covers working knowledge of the core subject. It is designed to improve the knowledge of the accounting standards. Please remember you must get 40 marks at least to clear each and every subject of group 1 and group 2 and all together you must score 50% marks in the group 1 and group 2. If you not clear even one subject in group 1 also and you are not qualifying the group 1. You have to clear all the group 1 subjects at a time. So you must notice that the passing requirement is not group wise,not paper wise as you may find in other exams. Let me explain clearly suppose if you are attempting group 1 if you cannot score 40 % marks in any exam you need to write rest of the exams all once again. This is about IPCC.

1. Accounting (100 marks) Advanced accounts (100 marks)
2. B.LAW (60 Marks) and other laws (40 marks) Auditing & Assurance (100 marks)
3. Cost accounting and management accounting Enterprise information system (50 marks) and strategic management (50 marks)
4. Taxation:

A) Direct Tax laws (60 marks

B) Indirect Tax laws (40 marks)

Financial managment (60 marks) & Economics for finance (40 marks)

3.CA Course Article ship – 3 years

After clearing IPCC, Candidates has to undergo for article ship. This will be 3 years. Under any chartered accountant it is compulsory. During this CA article Course ship training candidates will get stipend from the chartered accountant. It will be financial support for every candidate and candidates will get the depth knowledge of handling the practical accounting and here the candidates will become expertise in all accountings and after completion of article ship of 3 years candidates can appear for the CA Final exams.

4. CA Final Course

In CA Final exam again Group I and Group II exams are there.

S.No Group I Group II
1. Financial Reporting Advanced Management Accounting
2. Strategic Financial Management Information Systems control & Audit
3. Advanced Auditing & Professional Ethics Taxation
4. Corporate & Allied Laws

Qualifying marks is 40 marks and Group aggregate must be above 50 %

CA Responsibilities

Operating accounts
Managing Tax
Budgeting and Budgetary Control
Dealing with Wages and Salaries
Carrying out Internal Audits
Monitoring Expenditure
Certifying Accounting Transactions etc

Recruiters of the chartered accountants are :
Auditing Companies
Finance Companies
Mutual Funds
Portfolio Management Companies
Investment Houses
Stock Broking Firms
Legal Firms
Patent Firms
Copy Right Registers
Trade Marks

So, these are the top recruiter’s. Chartered accountants (CA) can become company MD, Finance controller, chief accounts officer, marketing manager, Finance and accounts executive, planned officers, system implementer, techno functionalist. So this are the roles played by the Chartered accountant. All together i can tell you the career as a Chartered accountant course is a interesting career option for commerce background students. It is the one of the best evergreen course in India and abroad.

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