How Avni started her dream

  in becoming a Charted Accountant :

   How to become a Charted         Accountant ?

  • I have seen most of us asking  how to become a CA. Here, I have tried to cover most of the important things that I have learned the hard way.Becoming CA is a step by step process, so we must go step by step. So this guide will also show how to become a CA step by step.

      We can become a CA  after 12th and Graduation.

   Four levels to become CA         after 12th  : 

  1.   CA Foundation : 

    Eligibility for CA foundation : 

  • CA Foundation eligibility is only 10+2 class. A student who has appeared in the Class 12 examination may register for CA Foundation Course.     

  

    What is CA  Foundation ?

 

  •  The CA Foundation Course is the new entrance level for the Chartered Accountancy course in India. Exams for the CA Foundation will conduct twice in a year in May and November. CA Foundation is replacing the current entry-level test CPC (Common Proficiency Course).  CA Foundation is a part of the revised scheme introduced by the ICAI.

  2.  CA Intermediate  :​

   Eligibility for CA Intermediate : 

  • After clearing the CPT/CA Foundation a student will become eligible to register for the CA Intermediate.The students who are appearing in the Intermediate examinations through the Foundation route are required to undergo 8 months of study period after CA Intermediate course registration.

       For Graduates /Post Graduates : Students who are Graduate/ Post              Graduate in Commerce and secured a minimum of 55% can register                     directly  for  Intermediate without passing CA  Foundation or CPT.

                   Similarly like Commerce Graduates, Non commerce Graduates/ Post           Graduates can also register for Intermediate by securing 60% marks in                   Graduation/ Post Graduation.

      For Direct entries : The candidates who are registered directly in the CA           Intermediate after clearing the Intermediate level of “The Institute of Cost               Accountants of India” or “The Institute of Company Secretaries of India” are           eligible to appear in the Intermediate examination after undergone through 8         months of study period similar like students who are appearing through the           CA Foundation route.

      For ITT Students :  ITT and OP training must be completed before                    commencement of practical training for the graduate students / Post                     Graduate students who are taking direct entry in the CA Course.

    What is CA Intermediate ? 

  • CA Intermediate is the second level exam which is divided into 2 groups i.e Group 1 & Group 2, each group contain 4 papers.Students after clearing the CA Foundation become eligible to register for the CA Intermediate.

  • There is also a direct entry route through which a candidate can enroll for Intermediate directly without going through Either CPT or CA Foundation.Graduates, postgraduates or students having equivalent degrees can directly register for the CA Intermediate exam without appearing for the entry level exams.

  • The candidates who are registered directly in the CA Intermediate after clearing the Intermediate level of “The Institute of Cost Accountants of India” or “The Institute of Company Secretaries of India” are eligible to appear in the Intermediate examination after undergone through 8 months of study period similar like students who are appearing through the CA Foundation route.

   3. Three year Article ship  :

      Eligibility for  CA Three year Article ship  : 

  • ​For three year articleship  one should qualify group 1 0r group 2  or both group 1 and group 2.

   What is Three year Article ship ? 

  •  Articleship is a 3-year practical training phase that allows students to work on real assignments for real employers (mostly Chartered Accountant firms). There are a few pre-requisites (exams, orientation programme, training) that a CA student should meet before starting the articleship.

    4.  Final  CA : 

       Eligibility for  Final CA : 

       The minimum qualification is mentioned in the CA Final eligibility criteria. 

       The CA Final eligibility criteria are as follows:

  • Candidates must have passed CA Intermediate/ IPCC and registered for CA Final course .

  • Candidates must undergo four weeks of Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) during the last two years of practical training (before the exam).

       only those who qualified CA IPCC / Intermediate and completed the requisite         practical training will be able to fill the registration of CA Final registration is           completed ,candidates can fill the application form and ICAI will send the CA         final study material to the candidates.

    What is Final CA ?

  

       The CA Final exam is the last set of exams in the Chartered Accountancy             Course. This is when all the knowledge you've acquired during your                       articleship training and throughout your study for CA Foundation                             and/or CA Intermediate are tested and expanded upon.

   

   

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Career in Charted Accountancy

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People call u

Charted Accountant / CA

What they are

  • Responsible to manage financial systems and budgets.

  • undertake financial audits (an independent check of an organisation's financial position).

  • Responsible to provide financial advice.

  • Liaise with clients (individuals or businesses) and provide financial information and advice.

  • Review the company's systems and analyse risk.

  • To perform tests to check financial information and systems.

  • Advise clients on tax planning (within current legislation to enable them to minimise their tax liability) and tax issues associated with activities such as business acquisitions and mergers.

  • Maintain accounting records and prepare accounts and management information for small businesses (accountancy).

  • Advise clients on business transactions, such as mergers and acquisitions (corporate finance).

  • Prepare financial statements, including monthly and annual accounts.

  • Arrange financial management reports, including financial planning and forecasting.

  • Advise on tax and treasury issues.

  • Negotiate terms with suppliers.

What they need

  • General business interest and awareness.

  • Self-motivation and commitment, in order to combine study while working.

  • Communication and interpersonal skills.

  • Organisational and time management skills.

  • A methodical approach.

  • IT proficiency.

  • Strong analytical and problem-solving skills.

  • Numeracy.

  • Leadership qualities and effective teamworking skills.

  • Motivation and initiative.

  • Integrity and trustworthiness.

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