What is Chartered
Accountancy (CA) course?
Chartered Accountancy
is offered by "The Institute of Chartered Accountants of India"
(ICAI). It has always been an essential professional qualification; people have
an idea of a brilliant, bright and knowledgeable character the moment you say you
are a qualified CA, it is a significant course in the field of accounts and
finance which pays way to various career options prevailing in the financial
domain. CAs are in high demand for almost every business for corporate
auditing, taxation, accounting, and other legal counsel.
Chartered Accountants with their education, training, analytical mind and
experience are best to qualify to provide multiple need-based services to the
society, they can do full justice, not only in matters relating to corporate
taxation, costing, management, financial reporting, company legislation,
auditing, statutory procedures, and budgetary policies. If you are concerned
about great prospects, financial stability, professionalism, reputed degree,
significant knowledge base in finance and accounts then CA coaching in Chennai
is a perfect profession to start with.
What is the Role of Chartered Accountant (CA)?
- To act as an accountant to
maintain the proper books which portray the true and fair view.
- To provide information reports
to management.
- To act as a statutory auditor.
- To provide financial advice.
- To act as a service provider to
assist in share registration, arbitration.
- To act as an internal auditor..
- To act as a management
consultant
How many Levels are there in Chartered Accountancy
(CA) Course?
The CA course consists
of three levels.
·
CA Foundation
course [Previously CA CPT (Common Proficiency Test)]
·
CA Intermediate or CA
Inter [Previously CA IPCC (Integrated Professional Competence Course)]
·
CA Final
What are the eligibility criteria to study
Chartered Accountancy (CA) Course?
There are two options
to pursue a Chartered Accountancy (CA) course.
- Foundation Entry
If a person opts to pursue a
Chartered Accountancy course after 12th standard they can directly
register for the Foundation or CPT course through Foundation Entry option.
- Direct Entry
If a person opts to pursue a
Chartered Accountancy course after graduation or the students who cleared
the Intermediate level of the Institute of Cost and Management Accountants
of India (ICMAI) or The Institute of Company Secretaries of India. (ICSI),
they can directly register for the Intermediate course through Direct
Entry option.
Step by Step Process
- The first step is to clear the
CA Foundation (previously called as Common Proficiency Test - CPT).
You can register for this with ICAI post your 10th Std. but you are only
eligible to write the exams once you clear your 12th Std. or HSC.
CA Foundation is exempt if you are already a commerce graduate with
>55% marks and also exempt for non-commerce graduates with >60%
marks.
The students who cleared the Intermediate level of the Institute of Cost
Accountants of India or The Institute of Company Secretaries of India.
- The second step is to enroll
for the CA Intermediate or CA Inter (previously called as Integrated
Professional Competency Course - IPCC)
Students need to undergo an orientation program, 100 hours of Information
technology training and 8 months of studying (called foundation course).
Students can then appear for Group 1 and /or Group 2
examinations of the CA Inter.
They also need to complete General Management and Communication Skills
course – Part 1. Once they clear Group 1 and 2 exams, they are eligible
for a 3 year article-ship with a firm
- The third step step is to
enroll for the CA Final exams. The exam can be attempted when 6 months of
article-ship are remaining. Students also need to complete Advance
Information Technology Training and General Management and Communication
Skills – Part II, if not completed earlier, before the final exam
- The fourth step is to Acquire
CA Membership.
The exam can be attempted when 6 months of article-ship are remaining.
Students also need to complete Advance Information Technology Training and
General Management and Communication Skills – Part II, if not completed
earlier, before the final exam
FFor more details visit the official website: https://www.icai.org/post/chartered-accountancy-course
