CA Course Overview

The Chartered Accountancy (CA) course is one of the most prestigious and sought-after qualifications for commerce students after completing their 12th grade. Administered by the Institute of Chartered Accountants of India (ICAI), this course prepares students for key roles such as accountants, financial analysts, auditors, and more.

Here’s a student-friendly introduction to the CA course outlining its structure, eligibility requirements, duration, and the career opportunities it offers:

Key Details

  • Full Form: Chartered Accountancy (CA)
  • Conducting Body: Institute of Chartered Accountants of India (ICAI)
  • Exam Levels: CA Foundation, CA Intermediate, and CA Final
  • Course Duration: Approximately 42 months
  • Degree Level: Equivalent to a Bachelor’s degree
  • Eligibility:
    • CA Foundation Route: 50% in Class 12th
    • Direct Entry Route: Graduation in any stream
  • Passing Criteria: 40% in each subject and 50% overall
  • Average Salary: Approximately ₹10 Lakhs per annum
  • Job Roles: Accountant, Banker, Financial Manager, Consultant, Auditor

ICAI Exam Details

Exam Name Chartered Accountancy (CA) exam
Exam Conducting Body ICAI
Frequency Thrice a year: May, September, November
Level of Difficulty Moderate to tough
Number of Attempts Multiple

Why Pursue a CA Course?

A Chartered Accountancy (CA) qualification is highly respected and in demand globally. The versatility of the CA designation opens doors to numerous professional opportunities across various sectors. Whether you aim to start your own auditing firm, work in finance, or serve as a consultant, the CA qualification equips you with the skills and knowledge to excel. The prestige associated with being a CA makes it a highly sought-after career path offering both job security and professional growth.

Eligibility Criteria

  • CA Foundation:
    • Eligibility: Pass Class 12th with a minimum of 50% in Commerce or 55% in Science.
  • CA Intermediate:
    • Foundation Route: Pass CA Foundation with at least 50% overall and 40% in each subject.
    • Direct Entry Route: Graduate with 55% in Commerce or 60% in other streams.
  • Articleship:
    • Complete one group of the CA Intermediate exam and the ICITSS (Integrated Course on Information Technology and Soft Skills) training.
  • CA Final:
    • Clear both groups of the CA Intermediate exam and complete 2.5 years of articleship.

Steps to Becoming a Chartered Accountant (CA)

Through the CA Foundation Route:

  • Register and Pass the CA Foundation Exam: Start your journey by enrolling in and passing the CA Foundation exam.
  • CA Intermediate Exam: Register for and successfully pass the CA Intermediate exam.
  • Complete Articleship: Engage in 2 years of articleship training.
  • CA Final Exam: Register and pass the CA Final Exam.
  • ICAI Membership: After clearing the final exam, submit your application for membership with the Institute of Chartered Accountants of India (ICAI).

Through the Direct Entry Route:

  • CA Intermediate Exam: Register and pass the CA Intermediate exam.
  • Articleship Program: Enroll in a 3-year articleship program.
  • CA Final Exam: Take and pass the CA Final exams.
  • AICITSS Training: Complete the Advanced Integrated Course on Information Technology and Soft Skills (AICITSS) before becoming a member of ICAI.

Duration of the CA Course (2024)

  • CA Foundation: 4 months of study + 2 months for result wait.
  • CA Intermediate: 8 months of study + 2 months for result wait (with a break in between for the result wait).
  • Articleship: 2.5 years of practical training.
  • CA Final Examination: 6 months of preparation + 2 months for result wait.

Under the new scheme, the entire CA course typically takes around 42 months to complete. This timeline ensures that students gain the theoretical knowledge, practical experience, and professional skills necessary to excel in the accounting and finance fields.

CA Syllabus

CA Foundation Syllabus

Duration Of the Question Papers Paper 1 and 2 will be of 3 hours, Paper 3 and 4 will be of 2 hours
Question Types Paper 1 and 2 – Subjective, Paper 3 and 4 – Objective
Marking Scheme For Subjective (Paper 1 and 2) – No Negative Marking, for Objective papers (Paper 3 and 4) – 0.25 marks will be deducted for every wrong answer
Medium of Exam English/Hindi except for Paper 2 (section b which will be in English only)

CA Foundation Papers

Paper Name Marks Type of Questions
Paper 1: Accounting 100 Marks Objective
Paper 2: Business Law 100 Marks Objective
Paper 3: Quantitative Aptitude 100 Marks Subjective
Paper 4: Business Economics 100 Marks Subjective

CA Intermediate Syllabus

Group Paper Marks Distribution Subjective Objective
Group I Paper 1: Advanced Accounting 100 70 Marks 30 Marks
Group I Paper 2: Corporate and Other Law 100 70 Marks 30 Marks
Group I Paper 3: Taxation 100 70 Marks 30 Marks
Group II Paper 4: Cost and Management Accounting 100 70 Marks 30 Marks
Group II Paper 5: Auditing and Assurance 100 70 Marks 30 Marks
Group II Paper 6: Financial Management and Strategic Management 100 35 Marks 15 Marks

CA Final Syllabus

Paper Marks Distribution Subjective Objective
Paper 1: Financial Reporting 100 70 Marks 30 Marks
Paper 2: Advanced Financial Management (AFM) 100 70 Marks 30 Marks
Paper 3: Advanced Auditing and Professional Ethics 100 70 Marks 30 Marks
Paper 4: Multi-disciplinary Case Study with Strategic Management 100 70 Marks 30 Marks
Paper 5: Direct Tax Laws and International Taxation 100 70 Marks 30 Marks
Paper 6: Indirect Tax Laws 100 70 Marks 30 Marks

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