Chartered Accountant

Introduction

Chartered AccountantThe CA (Chartered Accountant) is one of the respectful and challenging career fields. CA is a good option for higher education in India.

Chartered accountancy was established in 1854 in Britain. It is the core activity of the business. In India, the CA course is conducted by the ICAI (Indian Chartered Accountants Institute).

A chartered accountant is the member of ICAI. The membership can be continued through the prescribed fees or yearly payment.

“A chartered accountant deals with the financial management and carries out the financial audits”.

A chartered accountant works as a private advisor or in the accounts department in an organization. Chartered Accountant plays an important role in case of disputes, bankruptcy, etc.

After the completion of this course you can go for the works as auditing, cost accounting, tax management, management accounting, consultancy and financial works in an industry.

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The CA as the member of ICAI can use the prefix “CA” after his or her name.

Courses & Duration

It takes the 5 years to complete the CA course. By the year 2006, the ICAI has launched the three level of this course.

  • CPT (Common Proficiency Test)
  • IPCC (Integrated Professional Competence Course)
  • FC (Final Course)

The CPT is the entry-level foundation course involves the quantitative aptitude test, general economics, mercantile laws and accounting.

The IPCC has two groups. It covers the working knowledge of the core subjects. It is specially designed to improve the knowledge of accounting standards.

The CA final course covers the advanced knowledge of financial reporting, management accounting, strategic financial management, professional ethics, information systems control and advanced auditing.

The students who had cleared their plus two examination can go for the foundation level test conducted by the ICAI. After passing the group 1st, the students have to undergo the on-job training period of 3 years called “articleship” with an audit or accounts firm.

After completion of the articleship, the student can appear the final course. The GMCS (General Management and Communication Skill Course) is the 15 days mandatory training course introduced in 2003.

Chartered Accountancy subjects, mostly deal with studies such as budget planning, market research, planning of policies, management of working capital of an organization, etc.

Skills Required:

  • Numerical Ability
  • Logical & Methodical Approach
  • Good understanding of the socio-economic environment in which organizations operate
  • Necessary skills in applying theoretical knowledge to practical situations
  • Good Verbal & written expression
  • Ability to deal with different types of people

Eligibility & Admission

The students with the commerce or science or arts background can get the admission in CA course. Students should have the knowledge of the computer as the all account work done with the help of a computer.

After the completion of 12th standard, students can take the admission in the CA programme through the CPT (Common Proficiency Test).

Interested students can register for the test after passing their 10th examination, though they are supposed to appear for the test after 12th.

Students, those pass their graduation with commerce stream, they are required to pass their 12th exam with minimum 50% aggregate marks.

Non-commerce graduate can also apply for the CPT, if they clear their 10+2 examination with at least 55% marks excluding mathematics & 60% marks including mathematics.

If he/she becomes passing in CPT, he/she would be enrolled as the member of ICAI.

Career & Jobs

The career as a Chartered Accountant is an interesting career option for the commerce background students.

It plays an important role in the day to day economic life.

It is one of the best job oriented courses in India and abroad. After the completion of the course, the candidates need to get the membership and certification by the ICAI. The membership is the subject of annual renew by submitting the 400 Rs as the annual fees.

The CA professional cannot work in any other field ones they get the certification by the ICAI. They will have to take the permission from ICAI before doing so.

Since last 4-5 year, the demand of young CA has been increasing. Only India looks for the 7500 to 10000 fresh CAs every year.

All industries and organization require the CA for its accounting department. The job prospect of this field is very much brighter.

As a CA, you can work in government or public service undertakings as well as the private sector companies.

You can also have an option to either be employed with a firm as an employee or you can choose to open your own private practice.

A chartered accountant can also work in various areas of banking, tax management, auditing, financial accounting, cost accounting & consultancy.

You can work as a finance advisors, managers or directors of finance & also as financial controllers of the particular companies.

They can deal with the matters such as taxation, investigation, audit & consulting with the company.

The top recruiters of the chartered accountant are as the following:

  • Banks
  • Auditing Firms
  • Finance Companies
  • Mutual Funds
  • Portfolio Management Companies
  • Investment Houses
  • Stock Broking Firms
  • Legal firms
  • Legal house
  • Patent Firms
  • Attorneys
  • Trade Mark
  • Copyright Registers

Responsibilities of Chartered Accountant

  • Operating Accounts
  • Managing Tax
  • Budgeting and Budgetary Control
  • Dealing with Wages & Salaries
  • Carrying out Internal Audits
  • Forecasting
  • Monitoring Expenditure
  • Paying Accounts & Sending out Invoices

Salary

“Chartered Accountant job is one of the highest paying Jobs in India.”

The average Salary of the CA profile is around Rs. 3-6 lakh per annum for fresher, depends the employment firms. It is one of the high paying job. A chartered accountant commands the respect in the society and organization.

The starting salaries are not much handsome but after the completion of course and having five-year experience, the candidate can get the Rs. 30,000 to Rs. 50,000 per month.

Books & Study Material

  • The Honest Accountant by Peter Milwain
  • Fundamentals of Accounting for CA – CPT by P.C. Tulsian and Bharat Tulsian
  • Auditing & Assurance by Surbhi Bansal
  • Law Ethics and Communication by CA Munish Bhandari
  • Cost Accounting and Financial Management by C.A.K Hariharan
  • Advanced Auditing and Professional Ethics by CA Surbhi Bansal

If you have any other query about Chartered Accountant, you can ask your query below.

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Displaying 578 Comments
  1. neha agrawal says:

    Hello sir
    Can u plzz suggest me which is better- to be registered after 10th or after 12th for cpt exam

  2. akshay kamble says:

    Hello sir! Im Ramya
    Doing my 12th commerce stream what is the best course for future.what i do ca,cs,cfa im really confused .finanical position of my family is not gud.plz tell me sir fees sturcture of ca,cs,cfa.im waiting for ur great reply sir plz help me.

  3. Julkarnine malik says:

    In ca how many years we have to study

  4. siddhant jadhav says:

    Sir, iam now studying in 12th commerce but i dont understand that which field i choose…after 12th.

  5. simran verma says:

    sir plz tll m wht i m doing after 12th commerce

  6. simran verma says:

    bt i m poor in maths

  7. simran verma says:

    hi sir i m simran i wnt to knw tht thng if i gt 74% then i do ca or not plz tll m sir i m so confused about my future plz hlp m

  8. Ramya says:

    Sir what is the scope in future for ca.

  9. Ramya says:

    Sir how many year to study for ca.it scope in future wht are the job do after finishing ca.

    Giving wonderful reply thank u sir.im waiting for ur answer for this question.

  10. nasal says:

    Can i do ca with regullar bcom

  11. sourav gupta says:

    Sir,I am poor in math can I prepare for CA.please suggest me.

  12. Ramya says:

    Sir plz tel me wht are the skills i develop for ca.im a shy person thats why im asking sir

    Thank u for give me reply sir.

    • Hanif Khan says:

      apart from the depth study you must have computer skill, English proficiency and accounting skills. Shyness does not matter.

  13. arun sareen says:

    sir..i m fully confused what i m dooing after +2 commerce…. some time i thought about c a …so what shall i do for become a better c a

  14. Ramya says:

    Thank u for ur great reply sir!and onemore question sir.tell me sir wht is the fees sturcture for ca in the reputed college.
    Waiting for ur wonderful reply

  15. Pal says:

    Hello Sir,
    Myself Pal,from Assam.I have completed my Hslc with 64℅ & want to be a CA. Should I do the same or not? Plz suggest. Also wnt to knw abt the questions pattern for the cpt.I wish u’ll help me…..

  16. Abhinandan says:

    Hi sir I m studying in class 11 and I wnt to do ca so plzz kindly suggest me how to prepare for ca from now only

    • Mohit Negi says:

      Once you complete your 12th, you can start your preparation. You can purchase any good book from the market and start preparing for CPT.

  17. Sonia satija says:

    Sir what i do after 12,thats by m become a suceesful person

  18. Johnson David says:

    Sir
    What is mean by hard work? is it very difficult to pass final examination of CA? What type of mathematics is the base of CA?

  19. Amisha says:

    I m in 12 .. And want a high salary job
    …..but I m not good in mathematics … If I would go for CA what i should learn??? …

  20. Jackson Huntly says:

    Sir
    What is mean by hard work. Is it very difficult to pass final examination. What type of mathematics is the base of CA

  21. swati says:

    Sir I want to become C.A so please tell me which subject i choose in 11th?

  22. divyansh gautam says:

    sir iam very confused in 11 i choose maths i do CA from maths which feild is best plz sir hhelp me

  23. Ramya says:

    Hello sir! Im Ramya
    Doing my 12th commerce stream what is the best course for future.what i do ca,cs,cfa im really confused .finanical position of my family is not gud.plz tell me sir fees sturcture of ca,cs,cfa.im waiting for ur great reply sir plz help me.

  24. kavinprasanth says:

    sir I finish 12th on biogroup.I wish to study CA.most of them says its tough to carry on after studying bio group

  25. Abdullah says:

    Sir im in matric and i want to do CA in future, which subjects should i choose in fsc?

  26. sanchit agrawal says:

    Sir i had not taken maths as my optional subject. how much it would affect for becoming a CA?

  27. sanchit agrawal says:

    Sir i had not taken maths as my optional subject. And i dont have interest in maths.how much it would affect for becoming a CA?

  28. Shruti Sharma says:

    Sir I am a student of class 11 comerce with maths and economics. How can i start preparing for CA this time.

  29. Karan Singh says:

    Hello Sir,my question is….

    Will the base of 11 and 12 class from commerce decreases the toughness of CA course……? The rules and formats we learn in 11 & 12 helps us in CA course.

    PLEASE REPLY SIR……I’M CURIOUS AND WAITING FOR YOUR ANSWER……

  30. aiman says:

    Sir i m vry much interestd in c.a …..i m gud in maths and accounts….but i m vry much confused….because my elders are asking me to do eco honours….i dont know what to do now…plz suggest….

  31. aiman says:

    Sir i m vry much interestd in c.a …..i m gud in maths and accounts….but i m vry much confused….because my elders are asking me to do eco honours….i dont know what to do now…plz suggest

  32. shaiksafdar says:

    Hello sir after12th first I want to do any bachelor degree are I can go directly for CA that it can use full doing any bachelor degree of accounting

  33. aditi nigam says:

    sir as u said before dat fo doin CA computr knwledge is necessry bt…i had choosen physical educatn in mah additnal subject with commrce.. n nw i have passd 12 th
    so wot should i do for learng computr ..i mean is dere any course for learng computr..??

    • Hanif Khan says:

      there are so many short term courses provided by the institute at the corner of your street. it is not to having a best diploma course but you just need to go through with the computer operating.

  34. Sanu kr. Bothra says:

    hello sir ,i have appeared for 12th boards this year ..all of my exams were good bt my accounts exam went a liitle bit bad ..i mean i couldn’t manage the time and approx 15 marks were left untouched …i m worried abt that ..n i knw that it will take down my overall percentage down …another thng is that i m totally confused abt my carrer ahead …i m nt able to decide what shld i do in future..i have heard abt “actuaries”..Is it a better carrer option than C.A ??

    • Hanif Khan says:

      not better bu the similar and a new field and of course it will give a good break due to a new generation career.

  35. Aiman says:

    sir, i have appeared for my high school exam this year… i am interested in science stream cause i m fond of bio. but due to my low percentage in my pre- boards i have been referred to commerce with maths….. i m really worried… i want to pursue my higher studies in medical stream….. but i m bound to take commerce…. plzzzzzzzz help me.. i m really confused what to do next….. plz reply soon

  36. NISHant says:

    Is paper of CPT getting change in subjective format from objective after DECEMBER exam

  37. mohd islam says:

    This pepper is very easy

  38. Neha Tiwari says:

    Sir I m in 11 standard with commerce side
    I want do C.A after my 12th bt as u now for doing C.A we have to aware from the computer I know how to operate it but I m not so good in it.. what should I do?? Should I do some computer course????

  39. jagpreet says:

    what is the advantages of commerece with maths

  40. pream says:

    Going only for CA really …….One who want to do CA can go for other option parallely like b.com,mba other commerce field.

  41. Arthi Babu says:

    i am a student of physics,chemistry,maths,biology.i am interested in maths and English.Can i do ca. please answer

  42. Rubendra says:

    Sir, what will be best option to do after h.s either to go for C.A or to do C.A after B.com??

  43. abhijit says:

    hiiii… sir mai without phy,chemistry k commerce with math le skta hun……………….. Plz give the ans…….. Sir……….

  44. zeeshan khan says:

    Sur, i want to become a CA and do bms and bcom should i opt for maths for doing so

  45. Anshu says:

    Sir now I m in 12 & I wanted to clear June 2016 cpt exam can u suggest me what type of changing in syllabus total subjective or objective add English or not
    . please reply
    . thanks

  46. Arsh says:

    Sir maine Abhi apne +2 ke exarm diye hai or mein apni further education ke liye Canada ja je padna chata hon ton mujhe pls batiye ki m agge kon sa Course loo aur kis me mujhe achi sallery bi millege agge ja ke meine commerce ki hai Bina maths ke plss replay kar di jiye

  47. Arjun says:

    Sir maine isi 12th commerce se kia. hain toh mai direct CA main admission le sakta ho
    or CA or Bcom sath main kar.sakta.hu ?

  48. Swastik says:

    Sir,
    My board exams are going on n will end with accountancy on April-6..
    I m interested in B.com in a reputed college/university and also very keen for CA..
    I came to know that CA can be done with Bcom.. But do very good reputed college/university will allow to do CA with Bcom.. Is there any other courses too !!
    I think Doing only Bcom for 3years will b a bad decision..
    My CBSE maths exam was very bad..
    Expecting 85+ % in 12th..
    Waiting for ur reply

    With regards
    Thank u

  49. sonal agarwal says:

    i hve jst apeared my hs exm n m intersted in the subjects maths and acounts the most. What course shall i chose?

  50. good suggetions btw.. :) says:

    hello..myself Firdos Aslam
    I have gone through 12th comm exam with IT , MATHS…
    I want to do BMS,
    but I don’t have an opportunity to go out to study further..
    will it be useful for me..?
    n after BMS what is better MBA or MMS?
    reply all of the above ques

    • Hanif Khan says:

      If there opportunity to do the CA in your home town then it will be best for you as per your your academic subjects.

  51. Naincy says:

    hello !
    i just want to know that is it compulsory to take B.COM for graduation
    can i do BAF OR any other courses while doing CA ??

  52. aman mirdha says:

    Hello sir i am student of 11 commerce with no math bt with computer . what will be the better option for me in future CA or CS i want a settled life in future and per month salary of 40000 thousand

  53. Shipra says:

    Sir i m giving my boards ths year, i m commerce without maths student, had maths in 11th bt got 60% only, so dropped it. Is there enough scope for me in CA, my fathr eagrly wants me to become CA, nd i wanna do it. Also, can i do regular b. Com frm DU with CA.!! A WAITING REPLY!!

  54. Adnan shaikh says:

    kya main 11th science k baad C A kar sakta hun? pls mujhe guidence kare .

  55. adi says:

    Ca cs cfa icwa which one is best course

  56. pramod says:

    which should i choose??
    ca or bba?? plz help sir im so confused….

    • Mohit Negi says:

      Choose that course in which you are interested, CA is a better option but will require hard work and practice to crack the course.

  57. Narender says:

    Good afternoon sir, I’am studying b.com(comp)first year. I want to continue ‘CA’ along with ‘Degree’.can i continue?

    Plz suggest me sir,

  58. nitha.. says:

    Hello sir..
    I am in 10th now..
    And its time to make decisions abt my future..
    I am not doing very well in maths but I wanted to go for CA..so should I take maths for my commerce stream..??1
    Will you help me in taking a decision..?? Plz !

    • Mohit Negi says:

      Maths is a good subject, and will also be a plus point in your career ahead, so i advice you to go with MAths..and start preparing for your CA exam….apart from your academic studies.

  59. saptarshi dey sarkar says:

    sir, what are the career programmes for commerce students after completing class XII..pls suggest

  60. vrinda says:

    hlo sir.. sir I m in 10 nd m weak in maths nd will take commerce in 11, and I want to do CA after 12. Is maths important for me???

  61. ankita says:

    Hii sir I want to make my future in can but by listening all d views of people that ca s shooo difficult I m scared….!!!!

    • Mohit Negi says:

      CA is a good career oriented course, it require handwork and practice, just like other courses…If you work hard with discipline and proper guidance, you can crack this exam.

  62. Aman Saraf says:

    Other than CA is there any other courses which is good?I mean where we can stay happily…in future

  63. Anant says:

    sir, can u suggest some good carriers in e-commerce

  64. lakshmi rana persuing in 11th says:

    I am studying in 11th presently. I want to apply for CA so after 12th for which courses I should go….and how much I have to scored in 12th…I m so confused about my career..pls I hope u understand

    • Hanif Khan says:

      score about first position and get the admin in CA.

    • prasanna says:

      Ur inter marks willnot show any impact on icai which is the board of ca.lakshmi if u have a interest nd willpower to persue the ca course then go for it.U must not think wt others says…i know ca is difficult but if once u do it nothing will be more than that….should do a capable hard work including smart work….all d bst fr ur future…go through wt ur life want to be

  65. simeon says:

    Sir which exam should i go for?

  66. Isha says:

    Hanif sir..my question is what should be done for getting the best results in CPT..??
    M appearing for CPT this year..

    • Hanif Khan says:

      Hey Isha, just simple.
      To crack any exam or to get highest marks, there is just one formula and that is just study hard & stay fit. But i would like to add one more thing that is feel interest and imagine your future while you study or prepare for the exam. (That is my opinion).

  67. hamza says:

    hi,,,i’ve done Fsc (pre-engeenring)mahs,physice&chemistry as main subjects,,,,,now can i do CA OR should i do CA??
    I mean if i want to do CA,m i choosing right field or m deviating from tht subjects i’d read in Fsc???
    hope u’ll understand my question 🙂

  68. manvi says:

    I am in 10th std. I want to become a ca . Shall I take pcm or commerce as my main stream in class 12.?

  69. hema says:

    they say,” it’s easy to get into a CA course but it is difficult to clear it” is it true? how much hard work does it require? do we have maths in this course?

  70. bhaskar says:

    sir I want to do CA after 12th I chose math in 11th or not.

  71. ashish says:

    Sir is there papers for ca. Which we have to complete

    • sanskar says:

      Sir I want to became a ca is 10th result matters a lot what subject I should take with commerce in 11th for ca Computer or maths or any other.

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