Hi Aryan,

Chartered Accountants provide financial advice to a diverse clients, from MNCs, public entities to small businesses and individuals. Accounting, management consultancy, restructuring, taxation, insurance, and corporate finance are their practicing fields. They are qualified to handle financial statements, tax obligations, company’s assets, and help in conflict resolution and bankruptcy prevention.

Examination: The Institute of Chartered Accountants of India (ICAI) conducts CA exams in India and certifies candidates as qualified Chartered Accountants after they complete the three-level course. Post qualification, applicants are granted ICAI membership and a licence to practise CA professionally.

CA, CS, and ICWA have recently been deemed equivalent to postgraduate degrees by the UGC.

Course Structure: You have qualify the following levels to become CA

• CA Foundation

• Intermediate (IPCC)

• Training - ICITSS

• Articleship

• Training - AICITSS

• CA Final

Routes and Eligibility:

Direct Route: Candidates who have completed a bachelor's or master's degree in commerce with an average of 55 percent marks or higher are exempt from CA Foundation exam. They can directly enrol for the intermediate course

Foundation Route: Candidates must undertake the CA Foundation exam. Students are eligible to enrol in the ICAI for the CA intermediate course after passing the foundation exam.

- Applicant must have completed Class XII and four months of study term to be eligible

Step for pursuing CA Course after 12th:

• Register with ICAI after appearing in or passing the Class XII examination. (Bi Annual registration till 30th June / 31st Dec)

• Complete 4 months study term

• Attempt Foundation examination in December/June.

• Qualify Foundation Course

• Register ICAI for the Intermediate Course

• Complete 8 months of study period

• Qualify in either or both groups of Intermediate Course (May/November)

• Complete 4 Weeks Integrated Course on Information Technology and Soft Skills after registering for Intermediate Course but before starting the Articleship

• Register for 3 Years Articleship on passing either or both the Groups of Intermediate Course

• Register for the Final Level after qualifying both the Groups of Intermediate Course

• Complete the Advanced Integrated Course on Information Technology and Soft Skills of four weeks in the last 2 years of practical training before taking the Final Exam.

• Appear in Final examination in last 6 months of practical training

• Complete Practical Training

• Qualify both groups of Final Course

• Become a ICAI member

Curriculum:

CA Foundation: It is an entry-level exam held in an offline format twice a year, in June and December. Each of these papers is worth 100 marks and lasts 3 hours.

To pass: Minimum of 40% in each paper and a minimum of 50% in the aggregate of all papers.

Paper 1 - Principles & Practice of Accounting

Paper 2 - Business Laws, Business Correspondence & Reporting

Subjective questions will be asked in Papers 1 and 2.

In Papers 1 and 2, there will be no negative marking.

Paper 3 - Business Mathematics, Reasoning & Statistics

Paper 4 - Business Economics, Business & Commercial Knowledge

Objective questions will be asked in Papers 3 and 4.

Negative marking of 1/4th would be done in Papers 3 and 4.

Intermediate (IPCC): The level is divided in two groups and exams are held in an offline format twice a year, in May and November. The course comprises 8 subjects, each worth 100 marks and a 3 hour duration. The CA Intermediate Exam can be taken individually or in subject groups.

To pass: At least 40% in each subject and an aggregate of 50% or higher.

Group 1

Paper 1 - Accounting

Paper 2 - Corporate Law

Paper 3 - Cost and Management Accounting

Paper 4 - Taxation

Group 2

Paper 5 - Advanced Accounting

Paper 6 - Auditing & Assurance

Paper 7 - Enterprise Information Systems & Strategic Management

Paper 8 - Financial Management & Economics for Finance

Integrated Course on Information Technology and Soft Skills: CA candidates must complete a 4 week ICITSS special training course. This is provided after the intermediate exam and before the articleship begins.

Articleship: After passing the IPCC, you must complete a three-year articleship with a certified CA. The articleship provides an opportunity to gain practical exposure in accountancy from a professional Chartered Accountant.

Advance Integrated Course on Information Technology and Soft Skills : Students must complete a 4 week AICITSS as part of the final course. This happens before the final exam but during the articled training phase. After completing articleship or within the last 6 months of the training period, the student must take the final exam.

CA Final Exam: The final level includes both theoretical and practical exams, as well as mandatory practical training and soft skills training. There are 8 subjects to be studied, divided into 2 groups of 4 papers each worth 100 marks and lasting 3 hours. Exams are held in an offline format twice a year, in May and November.

To Pass: If attempting both groups or all the papers of a single group, a student must achieve a minimum of 40% in each paper and an aggregate of 50% in all the papers of both groups.

Group 1

Paper 1 - Financial Reporting

Paper 2 - Strategic Financial Management

Paper 3 - Advanced Auditing & Professional Ethics

Paper 4 - Corporate & Economic Laws

Group 2

Paper 5 - Strategic Cost Management & Performance Evaluation

Paper 6 - Elective

Paper 7 - International Taxation & Direct Tax Laws

Paper 8 - Indirect Tax Laws

ICAI does not provide class-based learning, and CA needs self-study. For immersive exam learning, it is recommended that you join an institute or coaching.

Since the CA course is strenuous and lengthy, it is advisable to complete a bachelor's degree in addition to the programme. The B.Com and B.Com (H) courses are very similar to the CA curriculum. It will aid your preparation and provide you with an alternative if you decide not to pursue a career as CA. You can use your B.Com degree to apply for employment.

For more details : Website

if you wish to pursue Chartered Accountancy after Class XII, you would need to appear for 3 levels of examinations over a period of a few years:

1. Foundation Level  (CPT- Common Proficiency Test)

Register with the ICAI (Institute of Chartered Accountants of India) for applying for the CPT. You would need approximately four months of dedicated preparation to be able to clear the exam.

100/200 is the qualifying score to be able to register for the IPCC.

2. Intermediate Level (IPCC- integrated Professional Competence Course)

IPCC consists of 7 subjects, in which an aggregate of 50% is required for the student to qualify. Approximately 8 months of dedicated preparation are recommended for a student to be able to clear to IPCC.

After clearing the IPCC, and before beginning the Articleship/ Training, aspirants are required to complete a one month Integrated Course on Information Technology and Soft Skills (ICITSS).

Articleship: After clearing the IPCC, CA aspirants are required to work in the field under a practicing CA (with at least 10-15 years of experience and not more than  8 Articles under him ) for three years. From the last six months of the Articleship onwards, aspirants become eligible to appear for the CA Final.

During the Articleship but before the CA Final, aspirants need to complete an Advanced integrated Course on Information Technology and Soft Skills , which lasts 4 weeks.

3. CA Final

After completing the Articleship or in the last months of it, aspirants can appear for the CA Final, post clearing which, they may register with the ICAI as a Chartered Accountant and begin practice.

Hope this helped.

For more information, you may check out https://www.careers360.com/careers/chartered-accountant .

Please feel free to reach out for any further queries.

All the Best!

Hi

To become a CA you need to go through given 4 levels, listed below :-

1) ca foundation

2 ) ca intermediate

3) articleship Training

4 )ca final

As, you have passed your class 12th board examination you need to start with CA Foundation , to register for CA Foundation you need to visit the official website i. e icaiexam.icai.org (http://icaiexam.icai.org/) , you have to study and qualify given 4 subjects to move to next level :-

*principles and practice of accounting

*business mathematics, logical reasoning and statistics

*business laws and business correspondence and recording

*business economics and business and Commercial Knowledge

2.  CA Intermediate

In your CA Intermediate, you have 2 groups with 4 papers or subjects in each group

CA Intermediate Group 1:-  You have following subjects :-

*accounting

*cost and management accounting

* corporate and Other laws

*taxation

CA Intermediate Group 2:-  You have following subjects :-

*advanced accounting

*enterprise information systems & strategic management

*auditing and assurance

*financial management & economics for finance

3.  Articleship Training

One can register for articleship after 1 or  both groups of CA Intermediate. Articleship Training is of 3 years

4. CA Final Group

After qualifying both groups of CA Intermediate, you become eligible for CA Final registration

There are 2 groups with 4 subjects in each which are given below:-

CA Final Group 1:

*financial reporting

*advanced auditing and professional ethics

*strategic financial management

*corporate and allied Laws

CA Final Group 2:

*advanced Management Accounting

*direct Tax Laws

*indirect Tax Laws

*information Systems Control and Audit

After the completion of articleship training and clearing CA Final , you become eligible for applying for the membership of the Institute of Chartered Accountants of India after which become a CA.

For detailed information visit

https://finance.careers360.com/articles/how-to-become-a-ca-in-india

Thank you