How to become a Chartered Accountant

Table of Contents

What is Chartered Accountant ?

Chartered accountant are the highly-trained professionals who work in public practice, industry, commerce, banking and finance, and government.

They have a broad knowledge base which enables them to provide a wide range of services to their clients in a variety of areas.

Chartered accountants work in a wide range of accounting roles including auditing, taxation, management consulting and corporate finance.

Chartered accountants are experienced business professionals who have passed professional exams in order to receive a charter, or formal recognition, from their country.

The titles of chartered accountant and certified public accountant (CPA) are often used interchangeably in different countries, but there is a distinction between the two.

Certified public accountants are chartered accountants who have also met certain requirements in order to practice in India.

Chartered accountants are professionals who have passed a series of rigorous exams and successfully completed a professional designation program.

The CA designation is the most recognized designation in India, and is required to become a chartered accountant. In order to become a chartered accountant, one must complete the CA education program, which consists of several courses in business, finance, taxation, management, economics, and more.

After completing this program, one must pass the CA exam before receiving their designation.

Chartered accountants are accounting professionals who have passed ICAI (Institute of Chartered Accountants of India) Exam and must adhere to a strict code of ethics.

In addition, they must complete a rigorous education program and have a minimum of three years of experience in public practice.

Chartered accountants are very well-respected in the business world and are a valuable asset to any company.
CA are professionals who provide financial advice and services to individuals, businesses, and organizations.

They are highly trained in the field of accounting, taxation, and business management. Chartered accountants work in public practice, industry, government, and education.

Are you also dreaming of becoming a Chartered Accountant ie CA and you are not able to understand the process to become

Chartered Accountant and which entrance exam has to be passed to become a CA, then you are worried. There is no need to be at all.

What is the Role of Chartered Accountant in a Company ?

The job of a CA is to manage the financial account of a company, an industry or people. Such as preparation of tax return, company’s GST, business account and balance sheet.

When you work in a company in the post of CA, then it is your responsibility to always keep the GST and balance sheet of the company ready, you fill the tax of your client at the right time and also his tax return at the right time.

Eligibility to Become a Chartered Accountant

To become a Chartered Accountant, you have to first register with CA Foundation and you can do this registration after 10th but you can give its exam only after passing 12th.

You are a student of any stream. That is to say, whether you are from any stream of Arts, Commerce or Science, you can do CA course of Chartered Accountant.

There is no requirement of any kind of percentage for CA entrance exam. Your should be 12th pass only.

Minimum Age 18 Years must required on the date you register with CA foundation.

Age Limit to become a CA

If you also have this question in your mind that what should be the age to become a CA, then let us tell you, there is no fixed age limit to become a CA.

If your age is above 21 years and you have passed 12th then you become eligible to become a CA.

What is the fee for CA course?

If we talk about how much it costs to do CA, then let us tell you that the fees for CA Foundation, Intermediate and Final course is around 50,000.

Complete CA Course Fees Details

Foundation Course Registration Fee =Rs.9,000
Foundation Course Examination Fee = Rs.1,500
Intermediate Course Registration Fee = Rs.18,000
Intermediate Course Examination Fee = Rs.2,700
Intermediate Course Orientation And Training Fee – Rs.14,000
CA Final Exam Fee = Rs.22,000

How to become CA after 12th

If you do CA course after 12th then it may take you 4-5 years.

The applicant should Apply online on the ICAI entry Portal. He / She ought to apply after the 12th Standard.

On the Portal, Find the enrollment structure for the Common Proficiency Test or CA Foundation Course. Read all the terms and conditions carefully before filling the form, fill the form and pay the charges online to get register on ICAI Portal.

But if you do this course after completion of your graduation then it may take you 3 years.

How to Become ca after 12th commerce

For this you have to pass three types of exams.

Foundation Course ( Click here to Read Syllabus of Foundation Course )
Intermediate Course Or IPCC (Integrated Professional Competence Course)
Final Examination for Chartered Accountant ( CA Final Couse Syllabus )

If you have already decided that you will do Chartered Accountant after clearing 12th in commerce, then you should choose commerce stream for your 11th and 12th to pursue the same.

By studying commerce many subjects of commerce stream will be included in CA syllabus and it will help you to crack all the exams without putting any extra effort to study.

how to become chartered accountant after 12th — *How to become Chartered Accountant in India*

To become a CA, you have to go through a three-stage exam. These three phases come under three courses.

For your convenience, here below we are telling about these three stage examinations in detail step by step-

STEP 1: To become a CA you have to register for CA Foundation after doing 10th or 12th paas.

Let us tell you, CA Foundation was earlier known as CPT (Common Proficiency Test) but at this time it is called CA Foundation only.

You can register for this exam after 10th but you will be able to give the exam only after passing 12th.

CA Foundation exam is held twice a year in the month of June and December. You can sit in this exam only after registering.

Its registration form is filled in the month of April or October.

Syllabus For Foundation Course Or CPT (Common Proficiency Test)

There are 2 sections in this session. This is a 2-hour exam of 100 Marks.

Session – I:

Section A: Fundamentals Of Accounting (60 Marks)
Section B: Mercantile Laws (40 Marks)

Session – II:

There are 2 sections in this session. This is an exam of 100 marks and of 2 hours.

Section C: General Economics (50 Marks)
Section D: Quantitative Aptitude (50 Marks)

STEP 2: After clearing the CA Foundation exam, you have to register for the IPCC exam (Integrated Professional Competence Course).

The IPCC exam is also held twice a year (in the month of May and November).

There are total 7 papers in IPCC exam which is divided into two groups (Group 1 + Group 2).

Group 1 is made up of four papers and Group 2 is made up of three papers.

The maximum marks for each paper are 100 marks, and the maximum duration is 3 hours.

Group 1 paper’s for IPCC Exam

Accounting
Business Laws Ethics & Communication
Cost Accounting & Financial Management
Taxation

Group 2 paper’s for IPCC Exam

Advance Accounting
Auditing & Assurance
Information Technology & Strategic Management

You should have at least 40% marks in each subject in the IPCC exam.
It means to say that you will be able to qualify this exam only if you have 50% or above marks in the IPCC exam.
Please Note Above lines about the Marks required to qualify IPCC exam.

STEP 3: When candidates qualify the IPCC exam, they have to go through 100 hours of ITT course and 35 hours of orientation course.

After completing this course, there is 3 years of article-ship training of orientation.

STEP 4: After completing all the three steps mentioned above, you can register for CA Final.

CA Final exam is held twice a year (in the month of May and November).

There are total 8 papers in this exam which are divided into two groups (Group 1 + Group 2).

There are total 2 group with the 4 papers each in CA final exam.

Group 1 paper’s name in CA final exam

Financial Reporting
Strategic Financial Management
Advanced Auditing And Professional Ethics
Corporate And Allied Laws

Group 2 paper’s name in CA final exam

Advanced Management Accounting
Information Systems Control
Audit, Direct Tax Laws
Indirect Tax Laws

STEP 5: After qualifying the CA Final exam, candidates are awarded the degree of Chartered Accountancy by ICAI (Institute of Chartered Accountants of India).

The ICAI certifies the person who passes all three examinations with membership and designation of a chartered accountant.