CourseDescription
CA Exams include CA Foundation, CA Intermediate and CA Final. ICAI or Institute of Chartered Accountants of India conducts all the CA Exams. Students get to become a Chartered Accountant after clearing all the 3 levels of CA Exams. CA Exams for CA Foundation take place twice a year.In India, a Chartered Accountant is a qualified accountant of Institute of Chartered Accountants of India. The person clears the Institute conducted examination with prescribed percentage and also completes the required theory and practical trainings conducted by the Institute before being eligible as a registered member with it. As a qualified professional, he can perform the tasks enlisted by the Institute for various organisations to ensure proper accounting, auditing and taxation controls to be followed by them in the running of their business and operations. These policies clears any ambiguities for the organisations in the maintenance of their books of accounts.
History and Objective
A Chartered Accountant in India is a person who has qualified the examinations and completed the required practical and theoretical sessions conducted by Institute of Chartered Accountants of India, which was formed as body of registered accountants in 1949.[1] The person is required have sound knowledge in the subject of Accounting, Auditing, Costing and various aspects of Direct and Indirect Taxation.
Education
Following are the required educational qualifications:
n aspirant can enrol for Chartered Accountant either after completion of 12th or Graduation or Post Graduation.
An aspirant needs to enrol for practical training for 3 years for Articleship with a registered Chartered Accountant after passing Intermediate exam either in both groups or either of them.
He should clear 8 subjects in Intermediate exam in 3 years to be eligible to appear in examination for CA Final.
After clearing the Intermediate exam, he can appear for final exam during the practical training in last six months under a professional Chartered Accountant.
Eligibility after 12th
1. Eligibility for foundation course is clearance of 12th board exam from any of the recognised educational institution of University Grants Commission in any stream.
The aspirant should enrol for the Common Proficiency Test (CPT) with ICAI, and after 60 days post registration time limit he will be eligible for writing exam.
The eligibility for the Orientation Programme and Information Technology Training (ITT), he should join Integrated Professional Competence Course (IPCC) for 9 months, post clearance of Common Proficiency Test (CPT). During the course time the aspirant is required to complete Orientation Programme for 35 hours and Information Technology Training for 100 hours.
The aspirant is required to pass both groups of IPCC post Integrated Professional Competence Course (IPCC) completion.
He can start Articleship, a 3 year practical training course with registered Chartered Accountant who is eligible to for the same after clearing Group 1 of Intermediate exam. However, other group can be cleared during the period of articleship or subsequently.
He can register for final course of Chartered Accountancy course after clearing both groups at Intermediate level.
The aspirant can appear for both groups of Chartered Accountants Final course and get qualified after passing both groups with requisite percentage, during the last 6 months of Articleship.
The aspirant can complete articleship after qualifying in the Chartered Accountant Final Course if the schedule goes accordingly meeting all the eligibility criteria at different stages.
The aspirant is eligible to become a member of ICAI, on successful completion of all the necessary courses, required exams and mandatory training specified above.
The aspirant becomes an eligible person to be called as Chartered Accountant, only after he registers with ICAI and obtains membership. CA-CPT has got much prevalence in India, due to lot competition for ca
Eligibility after Graduation
An aspirant can appear for the IPCC exams directly after 9 months of registering himself and is also exempted from appearing for CPT, in case he is a graduate and has cleared the examination with mandatory percentage . He will have eligibility registration for the Final Course of CA and clear the same after passing the IPCC examination.
He will be eligible for ICAI membership, post completion of required examination, training and Articleship period.
He can start practicing as a Chartered Accountant only after getting membership post registering with ICAI.
Commerce Graduates
Commerce graduate can apply directly for CA Intermediate Course in case
a. Clears graduation with minimum 55 percentage marks.
b. Has good knowledge in subjects relating to Accountancy, Direct and Indirect Taxation, Subjects in Law including Mercantile and Corporate Law, Economics, Auditing, and other commerce related subjects.
Non Commerce Graduates
A person who is a non commerce graduate can aspire for being a Chartered Accountant, if he has completed his graduation from an approved UGC-recognised educational institution with a pass percentage of 60 percentage or more.
He can appear directly for the IPCC exams post completion of 9 months of registration and is also exempted from CPT. He can register and clear CA Final exam, after completion of IPCC exam.
He will be eligible for ICAI membership, post completion of required examination, trainings and Articleship period.
He can start practicing as a Chartered Accountant only after getting membership post registering with ICAI.
Eligibility after Post-Graduation
A post graduate can directly apply for CA Intermediate Course.