Detailed Overview of CA Course

CA, a field of Accountancy, is a large area of expertise. A Chartered Accountant is needed in every field to guide them to avoid bankruptcy. A chartered can also practice privately as a law consultant. Their contribution is needed in every field, like banks, law firms, investment banking, the share market, etc., and various other fields.

Who can apply for a Chartered Accountancy Course?

  1. Students who have passed their 10th standard and any equivalent can also register for a chartered accountancy course. A CA Foundation course is also known as the common proficiency test (CPT).
  2. Students can only take their ordinary proficiency test or CA foundation exam after clearing their +2 higher secondary board or any other equivalent. Eligibility for CA foundation course is higher secondary irrespective of the education board they are studying.
  3. Commerce-based students can be eligible if they have at least 50% in their board exams whereas non-commerce students should score 55% to appear for the CPT or CA foundation examination.
  4. After the CA foundation, you are eligible to appear for CA Intermediate.
  5.  Students can enter directly for CA Intermediate after completing their degree in any branch. For non-commerce students, one has to score a minimum of 55% whereas for commerce students, the minimum percentage is 50%.
  6. Before appearing for the CA Intermediate exam, you should have taken up orientation and information technology training for a month.
  7. This training is provided by ICAI, i.e., the Institute of Chartered Accountants of India.
  8. This is compulsory training you have to complete before attending the CA Intermediate examination.
  9. Upon completing this training, you can attend the intermediate examination, which consists of two groups, each of 4 papers. You can attend both groups at the same time or individually in different attempts.
  10. After clearing CA Intermediate, you have to undergo articleship training under a registered chartered accountant for 3 years.
  11. After completing 2.5 years of article ship training, you can register for the CA Final. Only after 6 months, can you appear for the CA Final examination.
  12. After completing CA Intermediate, you have to complete advanced training in information technology and orientation to be eligible for the CA Final.
  13. After 3 years of articleship training, you can attend the CA Final examination.
  14. After clearing the CA Final examination, you can register yourself as a Chartered Accountant at ICAI and can work as a Chartered Accountant in any sector you like.
  15. To clear the CA Final, you have to clear both groups in the CA Final. You have to score a minimum of 40% in each subject and an overall aggregate of 50% in both groups to finish the final examinations. The same goes for the Intermediate examinations.
  16. You can attempt both the groups in a single attempt or you can take the groups separately at different attempts.

After CA Final

After clearing CA, you will be awarded the title Chartered Accountant from ICAI. You can start your career in any field or sector you like to work in. Such as private auditing firms, private consulting, investment banking, the share market, banks, or the government sector. You can work as a Chartered Accountant in any designation and any field you like. With your years of experience increasing, you will be paid highly according to the sector in which you are working.

Next Read: A Complete Guide for CA Intermediate Registration Process 2023 »

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